Right now the 50% Premined country coins are the biggest threat, due to how much BTC they'll rob from the market.
Yes and those people that get sucked in through false, misleading and wrong information get screwed for millions and no one gives a shit as long as they scammed some BTC
Yes. They're
all pump and dumps. Anyone who says otherwise just has a large share. Next to no people actually believe in them, except the ones suckered in to the bs hype from the bag holders wanting it pumped.
The revolution starts now.
I've yet to see any credible plan to "airdrop" these coins. The costs involved would be ridiculous. I'm all for taking these coins down, and attacking their credibility would reduce the major pump they all go through, but we're going to see more and more coins like this, and the whales aren't going to be able to pump them all.
I hear spaincoin is a viable target for the pumpers, but I've not looked into it with great depth.
Spaincoin without a Spanish website is the perfect example.
I'm not against nation crypto concept or premines in a context that make sense. I think some of these may be legitimate and could help increase Bitcoin adoption rate and bring the crypto idea to the general population. They could serve an interesting agenda of decentralization. Mazacoin made false claims that lead people to invest based on lies.
Let's take Aurora for example; they've managed to get a discussion going in Iceland at high levels, which got a good amount of attention from the press and general public. Aurora airdrop could be executed relatively easily because Iceland has an online database where all citizens are registered. So would be simple for them.
Spaincoin uses biometric IDs and readers to make distribution legit and avoid fraud.
https://bitcointalk.org/index.php?topic=500511.msg5781280#msg5781280 Spaincoin devs seem to be legit so far. They speak Spanish, have Spanish thread, recently launched a blog to keep track of updates
I think it's a mistake to throw the baby out with the bathwater. That being said, expect some of these nation coins to be opportunistic scams. Spaincoin and Aurora get my vote of confidence for now.