Quote from: C64_4EVA on August 24, 2014, 05:58:08 PM

I'm curious as to what made you choose those 3? I find that if you look around the forum you can get a sense of which coins are more likely than others to succeed. Just looking at the names of those 3 would make me question them right off the bat.

Well... about Payzor Coin - devs wanted a game which I developed for them, so automatically I joined PayzorCoin community as my reward for a game was some amount of PayzorCoins.

About ClusterCoin & UseCoin - Bittrex's volume magnetized me to buy some. I am very lucky cause I am not rich and my lost was not big. Just 0.xxBTC...

I didn't invested during IPO sell I just bought few coins after trading was launched.

You know ... For me alt-coin's market is just like - buy some, wait some, sell some etc. Instead of only few interesting altcoins when I approach to any other I think only about making fast profit = high risk.

I threat only 1 coin as a real currency and it is BTC.

So always when I am trading some altcoins for some little profit I know that it might go down.

But ... thing is if coin value is waving during pump'n'dumps or whatever external forces ... it is acceptable and there is always a risk about will you gain % or no.

Thing is that 90% of altcoins are perhaps scam. And when coin developers are killing their own coin ... trader can do nothing. Just sell sell and run run with -90% profit

I know that altcoin market is crazy but those scammers are making me sick.

Pump'n'dumps are not fun also. But it is how those market works and what can we do about it ... learn to trade while pump'n'dumps.

But when devs are scammers ... then well ...

I was thinking about this all day today.
And I have no idea is it possible to be stopped - I mean, scammy devs...

Crypto currencies are mostly about being anonymous/fast transactions/low fees

Someone can say "CryptoAsian's PoD is great idea!"

Proof of Developer?? Yes well.. this is maybe some security but we cannot force coin devs to show themselves.

So well ... if Proofs of ID aren't very good idea and wont work for all of the new coins what else?

Checking source code, blablabla... yes yes. But many scam coins are "OK"... just well ... devs are dumping millions for xxxBTC and running away.

A "SCAM HUNTER" is needed. Someone/a group of people who will track all of those scammers

Quote from: smoothie on August 24, 2014, 07:35:31 PM

One way to avoid scams is to do your research into what you are looking at before you jump in. Good communities stand the text of time. Had you taken your time you would have not gotten scammed.

I was reading a forum about those coins... I haven't found any good proofs about that those coins were a scam at the moment when I was buying (ClusterCoin/UseCoin).
This is perhaps true but it wont work with "new coins".

Reasonable is to never join any new altcoin community. Never buy new coins.
But this is not an answer to all of the coins.
Some of them became a scam after a longer while ...