Re: BitBay | Decentralized Marketplace | Unmoderated Thread
Since ICO's will no longer work for this bunch, and most people (sheep) won't invest in new coins that are probably 99.9% vaporware so traditional P&D methods won't work, I think I've figured out the next trend in crypto scamming. With the help of their close friend developer, they will take over an established coin that has been deserted. Buy on the cheap as the reigns are turned over to them, and then pump it with the development from other coins in their system.
This is where the future is.
https://bitcointalk.org/index.php?topic=887839.msg9821349#msg9821349
and that will make bagholders happy This is where the future is.
https://bitcointalk.org/index.php?topic=887839.msg9821349#msg9821349
(that's why it isn't entirely a good idea for p&d scammer, because every bagholder will dump on them...) Not if they own the majority of the coins on the market. By this point many of the heavy bagholders are out. I guess it would depend on the overall popularity of the coin before it lost it's initial dev, and the coin count. If it's small enough, it would be pretty easy.