While AltcoinUK is quite the basket case, he happens to be right: This, just like JINN and NXT itself, is a clear ponzi scam.
Not a lot unlike the other he supports, Gadget, mind you...
I support Bitcoin in the the first place and with the majority of my money, and I do support projects which try to deliver something real. The Gadgetcoin developers have about 2-3 weeks to deliver what they promised (a real IoT solution) and then the party is over as far as my concerns - if they are unable to deliver then they will be in trouble with me. I support Ethereum from day one, because at the time their smart contract concept was a genuinely novel idea and I thought there is a slight chance that they can deliver a real and useful decentralized blockchain technology for real world businesses. I am sure you remember how much I was talking about the smart contract concept and its potential to deliver a fantastic return on investment. The financial success is there all right, but I am very unhappy with the direction of ETH and the current meaningless and baseless P&D. If the direction doesn't change then I will exit. C'est la vie. I will give the profit to some charity. I support Skycoin, because the mesh network concept is a socially important initiative and I believe the developer is smart enough to deliver it. If he delivers the mesh network than the society as a whole will benefit from it (see the totalitarian trends in politics which makes the mesh network an important initiative). I will support TPTB_need_war. He is probably not from the Samaritans as well, but he is at least intelligent enough to don't base his project on a blatant scam like these IOTA/JINN wankers did so most likely he will deliver something useful.
In 95% of the cases you are spot on about all kind of things. It doesn't surprise me you understand better than anyone does here - including me - that JINN and IOTA are blatant scams. There is nothing to do with these low life fraudsters except contact law enforcement, let law enforcement handle the case and put them in jail, next to the Moolah scammer Ryan Kennedy. The sockpuppets and shrills were trolling 18 months ago - like now the IOTA sockpuppets and shrills troll all over the place - when I said that I will contact law enforcement about Moolah. Now, the Moolah scammer Ryan Kennedy is in prison. It was you and me who pointed out the Bitbay scam. Now the Bitbay scammers are being investigated by law enforcement. The good news for the future victims of this blatant IOTA/JIN scam is that David boy and the Belarusian will end up in prison as well, and then some of the money will be recovered. Still, the fact that these scammers took over the crypto currency market is indeed a very sad state of affairs.
Hi altcoinuk! The gadgetcoin developers are working and active. Please check out the gadgetnet Ryver forum.