Promisecoin

it comes with a snazzy logo and promises a bevy of new changes and innovative ideas. the hype builds for weeks, as the project keeps getting pushed back. anticipation mounts, and a presale of Promisecoin starts at .1 btc per 50 coins. after hundreds of eager users have been clamoring for the coin for months, a notice is released that Promisecoin binaries will be available to the first 10 people who donate 1 btc apiece, and they will be able to battle it out for the first 2000 blocks. a bidding war starts between the miners, and end the end 97 btc is paid by 10 individuals for premine rights on the coin. as promised they are emailed, the binaries. upon unzipping and clicking to execute Promisecoin, they are greeted with a prompt asking for an activation code. the flood my inbox with questions about the serial number. i tell them i forgot to remove it, and ask them to give me a week or two, all the time i'm secretly mining the chain. i finally provide the serial numbers, minutes after making the client available in the original announcement thread. the coin is a smashing success, and everyone is happy, until two weeks later they open their bitcoin qt client to do some bitcoin mining and are greeted with the message, "Doh, all your bitcoins are gone. I promise to pay you back. "