Quote from: px66 on August 24, 2014, 02:09:31 PM

Quote from: TheCoinFinder on August 24, 2014, 01:41:25 PM

Quote from: ocminer on August 24, 2014, 01:21:19 PM

Quote from: TheCoinFinder on August 24, 2014, 01:20:29 PM

There is also this thread:

https://bitcointalk.org/index.php?topic=754138.0

Oh wow thanks for the heads up, why has it been moved ??!

No clue.

I still don't understand how an anonymous coin, with no proof of any of the innovation mentioned - managed to get 350BTC from buyers

The scam works like this: DEVs use their own BTC to buy into the ICO to give the appearance of lots of interest in scam coin. They know they will get BTC back when ICO ends. Gullible investors see lots of fake ICO interest and panic buy into ICO ("Following the herd"). ICO ends and DEVS get all the ICO BTC plus they now have lots of scam coins to dump on market to make more BTC.

EDIT: I hate calling them DEVs because they are not developers. The couldn't code their way out of a wet paper bag.

px66

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