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.
It's also flat out wrong.
Maybe next time try using a miner that can handle > 1 longpoll/second and doesn't need half a eternity from finding a H==0 to submitting a share.
I did that, got >700 of the early blocks with 6Ghps and a 180ms ping to io.btcguild.
I used poclbm.