DO NOT BE CONNED INTO INVESTING INTO NEW ALTCOINS99.9% of these coins are scams designed to lure unsuspecting newbies into buying them.
Scammers use many of the following methods to lure in people and trick them into investing time/money into these coins:
- Claim innovations when nothing is new
- Use forum spambot/ sockpuppet accounts to make their coin appear popular(Astrocoin, Quarkcoin, etc.)
- Use marketing techniques(Dogecoin)
- Rare(low block reward) to trick you into thinking it will be worth something, while they mine them all with their immense hashing farms.
- Premining for Giveaways and Bounties
- Claim that services "are coming" and "big things are coming for this coin"
- Encourage users to request their particular coin be listed on exchange. truly innovative coins never have to ask.
- Fancy Logos/Websites/Lengthy Forum posts to fool you into thinking they will support it.
In addition, most of these supposed coin developers have no real programming experience. They simply read a guide made by someone else on the subject of compiling and making altcoins.
Please do not add to their victim list. You are only lining their pockets by allowing them to scam you into supporting their 10 minute copy paste clone coins. In addition, there is now a website which can create and compile these coins for a fee making it easier than ever for scammers to continue cranking out altcoins.
If things like this outrage you, you can join the petition to have the altcoin board removed or new coin listings banned from bitcointalk at the following thread:
https://bitcointalk.org/index.php?topic=438043.msg4893075;boardseen#newIt is the best thing for the community. this has been allowed to go on for far to long and is a detriment to bitcoin and cryptocurrency legitimacy in general.
Thanks,
r3wt