Concealcoin is 100% scam.
How does Cryptsy add a coin so quick, when other coins have paid votes plus regular votes and haven't been added on. My guess is that one of their cronies created the coin, with a short PoW + whitepaper to create panic trading and hype and a rush on the exchanges to trade the coin.
Then Bittrex/Polo hop on the scam train and list this giant turd.
24HR PoW + Whitepaper scam = hype and huge exchange trading volume. Plain and simple.
These exchanges need to be careful. I know Bittrex and Cryptsy and US Based so if they are complicit to this scam then they can be shut down.
People are asking why the dev would scam if they didn't premine. Well, they don't need to premine if the scammer owns an exchange and makes money from the fees.
If Cryptsy is behind this scam then I am dumping all my shares.
Amen. No one wants the government involved in Crypto, but shitsticks like BitTrex with their scam ICOs and outright fraud like this dog turd are going to cause it. There *are* laws against this kind of stuff, the government just hasn't figured out how Crypto fits into it all yet. Given enough complaints about the outright fraud though and FINRA will be paying them a visit and figuring out how to regulate them. Once that happens it will be good for investors and the end of scam exchanges like BitTrex.
Can't happen soon enough in my opinion.
I am guessing there are some Russian Mafia types enjoying our BTCs on hookers and vodka today, too bad there aren't any 1940s era Germans around to put these Slav dogs in their place again.