Post
Topic
Board Altcoin Discussion
Re: Can a corrupt team cook a blockchain?
by
kindbtc
on 24/06/2020, 19:49:50 UTC
I have some suspicion a coin I'm staking had a team take over it that "cooked it's books" somehow.   The wallet keeps stalling and will not sync, and there are others on the thread/channel that say they are able to sync and stake. This has happened a number of times since a person took over the development.  The blockchain their new coin creates never works for more than a few weeks but supposedly for a couple people it does. Many chime in on the thread that they are not able to sync. 

I know behind the scenes at the code level (or maybe node level) there is a lot of control a developer can have.   Is it possible for a corrupt team to make it that only certain people are getting stakes?
Definitely a red flag and in these circumstances the wise thing is to stop staking and get rid of your inventory as soon as possible, just accept the loss and find a better coin to stake or invest in believe me there are dozens of quality coins out there, do not just go after roi consider the genuinity, reputation and quality first always.