Quote from: NewLiberty on November 06, 2014, 06:50:38 PM

Quote from: brg444 on November 02, 2014, 10:35:57 PM

Is the price of BTC going down because of altscams? In fact, a successful sidescam might push BTC's value up since it would essentially increase the scarcity of the remaining coins.

Scams depress price. Alt scams, exchange scams, pirate@40 scams, these all depress price, reduce confidence, encourage regulation, and suck wealth and productive resources out of the crypto economy. SC scams should be expected to do likewise.

absolutely. the "oh, my coins will only be worth more" crowd is missing this point. especially considering that Bitcoin proponents/owners would be the ones who could get wiped out.