Quote from: a3tje on June 11, 2014, 08:24:37 AM

Hmmm haven't been very active with Noble last weeks but wanted to reply to the accusations regarding 51% attacks and people trying to destroy Noble. I really and honestly do believe there is more scam in Crypto's than we might think.

I am seeing more and more signs of that there is a "group" of people playing with us (honest people) to make money. Think the best example would be the "unfair" release of ASIC miners, it is clear they have been existing for longer than we know. Meaning they were build / used before any of us knew about it and gave the "investors" the opportunity to mine coins really cheap and stack up. Right now it seems the same thing happened to X11 algo, it seems that they found a way to mine X11 with asics (https://bitcointalk.org/index.php?topic=540160.0).

Besides these kind of scams, it seems there is also a group of "scammers" constantly creating new coins that promise innovation / GUI / algo's and do not deliver. In short they create a new coin that promises much a instantly gets into 1 or 2 exchanges (how the @%@#$ can that be). I am not talking about shitcoins but about coins that really do have a decent website, whitepaper, release etc but stop as soon as things are really taking of. Why because all the "early" investors just get out of the coin and take our money (look what happened to all the populair coins from last month....). Yes we (the smaller hands) invest and get out as soon as the big drop starts but we are talking about 2K/3K of BTC per day, it's not the smaller hands that invest.

I have seen people post pictures of threat that came to their inbox when they were screaming "SCAM" and giving "proof" of the scam. First i did not think much of it but it seems like logical when you think about it. When you have gained large amounts of Bitcoins in the past, why not create a investment group that sort of controls the market to double / triple your money? When I would have more than 10K of coins I would contact other whales too and ask them if we could group up to protect our "investment".

Then there is the point of people asking for a richlist or saying "Anon" is soo important... Sorry but to my understanding, if I have 10K BTC and want to hide that from the world, I just open the BTC wallet 25 times and put around 400 (not exact amount to not look obvious) BTC in each wallet. As simple as that, impossible to trace, impossible to find out and also impossible to notice on the richlist!

People who are rich, did not become rich to give it away (look at how less BTC has been donated)! Good reallife example is Carlos Slim http://en.wikipedia.org/wiki/Carlos_Slim:
The Mexican magnate's growing fortune has caused controversy, because it has been amassed in a developing country where average per capita income does not surpass $14,500 a year, and nearly 17% of the population lives in poverty.[43] Critics claim that Slim is a monopolist, pointing to Telmex's control of 90% of the Mexican landline telephone market. Slim's wealth is the equivalent of roughly 5% of Mexico's annual economic output.[32] Telmex, of which 49.1% is owned by Slim and his family, charges among the highest usage fees in the world, according to the Organisation for Economic Co-operation and Development.[44] Smith, Geri (March 5, 2007). "Slim's Big Giveaway: As the government steps up its scrutiny, the billionaire is stepping up his philanthropy". BusinessWeek. Retrieved May 27, 2009.

this is true.. asic manufactureres arent stupid. how else will they test the asics theyre developing? by mining on it before they even advertise it for sale. of course that will turn a profit.. and i imagine.. would be hard to turn off when you can build asics and rape all of crypto investment markets in a week. but way before them it is done by a kid in his bedroom with a soldering iron. alot of people dont know that there are already asics working with x11 and x13 algorithms.