Post
Topic
Board Altcoin Discussion
Re: I0Coin is a SCAM
by
bitv
on 18/08/2011, 06:02:20 UTC
1) wait until someone launches new p2p currency
2) have pool ready
3) get everyone to mine new p2p currency on your pool
3) use your less than 1 ms latency to mine the shit out of new p2p currency while your pool ensures that you control the blockchain
4) if people complain about only stales while your getting all the blocks blame it on the low difficulty
5) dump coins on exchange to get all the investors bitcoins
6) profit


This is not i0coins's fault and does not make it a scam.