Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | Buy/Mine SEED & Grow Coinbase | 1000x Growth Potential
by
kryptologist
on 25/09/2014, 15:54:36 UTC
why would PINK coin associate themselves with a premined ICO scam?

Because we're confident that it's not a scam. Cryptzo is a friend of mine in real life, I've known him for 5 years. He's an apt and capable programmer, and I've been helping him with this project.

As for POD, he can correct me if I'm wrong, but I think he would prefer to stay anonymous. I'm willing to complete POD on behalf of SEED if that's what the community here wants, as I am a contributing developer on the project, but I have to make clear that my primary interest is in developing PinkCoin. With SeedCoin, I'm more or less just trying to help my friend that I've known for years with his project, and the PinkCoin team has agreed to support that decision.

Ultimately I believe the primary reason for the Proof of Developer program is to provide the community some security in their investment, because we are all tired of scams. I know Cryptzo personally, and I assure you, as I have assured my team, that Cryptzo is capable and trustworthy, and I personally guarantee the legitimacy of this project as it's been described.



All ICOs are scams by design. The developer can buy as many coins as they want for free, its just a sneaky way for scam developers to do a premine. The dev can easily buy 50% of the coins, 90% if they want to with no risk because they are buying from themselves.

Anyway thanks for the info, I just dumped all my pinkcoin.