Quote from: delphs on January 24, 2014, 03:41:41 PM

Quote from: vesperwillow on January 24, 2014, 03:35:56 PM

Quote from: manicminer44 on January 24, 2014, 03:26:25 PM

Quote from: vesperwillow on January 24, 2014, 03:22:55 PM

He doesn't care, he used the coin to get BTC.

But how?

pump/dump: build a lot of hype over a coin, get a bunch of folks to mine it: this increases its perceived value far above its actual value (pumping), then dump the coin on an exchange for all the BTC you can get.

afterward, leave the coin. you're left with BTC and a dead coin. many of these altcoins are pump/dump, even dogecoin, which appears to be a long-con. I will say dogecoin is still very valuable though.

Name me an exchange where he could have dumped it? LOL

An exchange popped up for a few seconds at the beginning from what I remember, but I could be wrong. It could be a wholly failed attempt at pump/dump.

Either way.. dead coin.