Bitcoin Forum

Ok first I have bought some of the IPO, so I'm not a pumper but a believer. I want to explain why I am and this coin could be a hidden gem. I could also be very wrong and will therefore look like an ass clown.

Ok have a look yourself.

https://bitcointalk.org/index.php?topic=482689.0


So the first reaction I think for most is this is a typical scam IPO asking for money based on a dodgy looking newbie thread. But I looked again and realized that it actually might be legit and a potential great IPO. Hers my reasons.


1. The OP has actually made a real coin before, it's not a massive success but it exists. All the scams I saw before never had an OP who had any record or any legit activity.

2. The OP has a warning on his posts. As one poster says this seems undeserved and is given just because he is a Newbie doing an IPO, though actually he's not strictly a Newbie. So many people would of been turned away at this point.

3. The guy did try to set up an Escrow for donations but no one at least publicly seemed to come forward to do so. It lends itself again toward the OP being Legit.

4. The offer actually has isn't the most profitable as he himself has set a limit of around 10btc which is a bit stupid if he was trying to scam a lot of money.

5. he has a nice looking website. I know anyone can knock up a website but again it adds legitimacy as most scams I saw didn't have one. I believe Stack coin had one but it looked amateurish.

and to the actual coin....

6. The coin is rare, only 1000, with 100 in the IPO. With mining also being ASIC resistant then owning a few cons could be very profitable.

7. It will be one if not the first NXT 2nd generation clones to be active. I may be wrong about this, correct me if I'm wrong. I mean it's before even NXT in getting a working client out right? This is a massive plus, being first to get this out there. If so they would have some natural buzz surrounding them.

8. The cost of buying in is actually not that much. For a relatively small amount you can now buy 5 coins which is 5% of the initial coins, which means it's easy to be a whale with this coin.

9. It's got a cool name. :)


So what I'm saying is this might be a scam but I took a risk cause the risk reward ratio is actually pretty sweet. Is it another NXT where no one bites but actually made a ton of money for investors. I dunno, but it could be if legit. If it does it will make me laugh cause this just like NXT was out for ages but no one bothered with it and complained bitterly that they missed out. Well people have no excuse this time. It's been in plain view for weeks.

Opinions? Scam or opportunity of a lifetime?

ur wrong shit coin

You have bought some?

You poor man!

Definitely a scam. Say goodbye to your money.

How is a clone of NXT a shit coin?

And wrong about what exactly. Jeez is there only inarticulate morons on here?

Definitely means 100%. Can you show the evidence that beyond doubt proves your point?

What i'm guessing you mean is you think it is, that's an a opinion. Have logical points and people might start to respect your views.

because son , ipo style coins are unfair distribution and that's a scam.

I'm gonna write that down somewhere so I don't forget in case I run out of stupid things to say.

keep pumping ur shit coin bro , i don't care make over 6 digits on good real coins , fuck what u think

Slow down i'm running out of post it notes.



*I don't want to be rude to people who think this coin is either a scam or crap, but please have an actual point with some evidence and I will totally respect your view, hell I might agree with you.

Well, for starters, the interface looks like a quick hack built on top of the 'Twenty Fourteen' theme for Wordpress (currently the default theme for all new Wordpress installations).

Not saying it's a scam - just that I'd be extremely vary if I were you.

Ok, interesting, its a fair point I think, though Ive seen some pretty poor websites on decent coins though.

Don't worry about me, I only threw a few thousand NXT which are currently diving anyway, I am the first to recognize it could be a scam. But my points were about my reasoning that maybe its not.


I think it was more the collective evidence, is that the guy made a coin etc and a scam that limits itself to 10BTC etc seems like a poor scam.

My thinking is the guy is just not a salesman, and so hasn't even tried or cared to look legit.

And it definitely has the potential to be a scam, but at this point I will be surprised rather than not surprised.

Keep in mind that while this is the developer's second coin the first one has not launched yet.

Not only that but it appears the developer is having problems.  He even recently asked for someone who knows about coding to help.

People are wondering if it is dead.

Now the developer has a second coin with a similar flashy name and no real innovation and he is offering an IPO for this.  There is also not really a need for an IPO.  The dev said he would launch either way.  Clearly the dev is someone without much experience trying to make some quick money with another clone.

I picked up on the inexperience too. Agreed. Still doesn't make it a scam though, and also other coins including NEM ask for developers to help. He/She seems confident on the release date at least and the client IF genuine looks competent enough. In the end I separate a crap IPO from a scam. I guess I'm only wondering if its legit at this stage.  

So the less that they scam you for and the worse the site looks, the more you trust them?

DEMAND escrow to hold the funds. If the IPO promoter is serious, he will not come up with excuses.

IPO and rare coin ain't always a sign that it will be worth anything, just look at gpucoin.. it got around 57 btc total as IPO and for each 1 btc invested they got about 1 million gpucoin, which now is worth about 0.2btc...

There are IPOs out there that use *gasp* escrow. I prefer those.

Good idea but you got to have someone who is willing to do it who has some reputation on this forum. Until someone steps forward we can't know. He has said he will take it, but I didn't see anyone publicly say they would do it. So in that sense its not his fault if no one did it.

I'm launching a coin in the near future and will have an escrow service. If I can't find one, I probably shouldn't have an IPO.

People should NEVER just blatantly give their money away. That's fucking stupid.

Thats not the best example for making your point, true a coin can always flop. But the coin you mentioned had an IPO (I just briefly checked) of 350,000,000 so 1 Million is around .3 % which is a hell of a lot less than 1-5%. Plus that coin had a total of 13 billion.

As long as its not large amounts I personally like the risk taking that is needed to buy into the IPO's. Sure a sensible IPO would have it set up but it doesn't determine if an IPO is legit or not. Buying coins ALWAYS has a risk. Buying Bitcoin has a risk, buying dollars has risk, walking down the street has risks.

That does not invalidate my point. Without escrow IPO participants are at risk.

Furthermore, if the risk/reward is good enough for YOU, it is your business and your decision to send BTC. In this situation however, you are starting a thread promoting and defending the view that OTHERS should send money. It is also YOU that is being called upon. Nobody knows if you're just shilling ...

Unless you're you're investing in a scam (WHICH YOU SHOULDN'T INVEST IN), there should be an escrow, a clear-cut plan as to why there is an IPO and what it and the premine will be used for. Any lack of transparency after coin launch is proof of a scam. Find me any other reason.

If you check the thread someone suggested an Escrow he agreed and asked the poster if they could be the Escrow provider. He hasn't had a reply. So in that sense he was compliant with the idea.

Its worth noting this IPO was partially free to the first so many posters who showed interest and also the buy in was only around 10 BTC as it is also a POW coin too. So my point is while 10 BTC is nothing its not the large amounts that get thrown at some IPO's that literally people can get rich from, so maybe he didn't think escrow was such a big need.  Personally I wouldn't go to the bother of this elaborate scam for 10BTC.

Or I found something I think is potentially great, invested in it myself and am sharing about it...If I hadn't made this thread I'm sure no one would of seen this coin buried under all the garbage on this forum. I'm not suggesting anyone does anything, I'm highlighting what is already there and asking for opinions and discussion.

Demand Escrow then, I'm saying the guy wants to but no one will do it so far. I could do a million threads trying to promote something but people are free to act as wisely or stupidly as they want. I assume most on here are adults. We are not talking about being at risk of some life threatening disease we are talking about about 0.01 of a digital currency. Keep you emotions grounded in reality. Everyone on here knows they can lose money on coins in minutes on exchanges. I wont patronize people here and assume most here know the risks. Personally I got scammed once on a real scam, I still think it was the best lesson I learnt so far.

You highly under estimate what people will do for $6000.

He should have been offering an escrow service. One person saying "you should offer an escrow" and him replying with "can you be my escrow?" is not really trying that hard.

Thing is you got to take my points in relation to the complete lack of interest in what could be a great IPO.

I know it looks a lot like a scam. My point is in that situation I'm trying to give an opposite view to something to get at the truth. If tons of people were investing in this I would be the first one to say we should be cautious. Thing is we have a different situation where almost no one has touched it.

"A scam is a scam, no matter how small" -Dr Crypto Seuss

Unless of course its not...

I like it when poop tries to appear sophisticated

Alright. So what purpose does this coin serve? Who will be buying it other than people hoping to get rich? Who will be spending it on products, and where? Where will this coin be used that bitcoin or litecoin can not?

Basically: Why does this coin need to exist?

You know you are in the alt coin section, right?


Well as clone of NXT then it will have tons more features than Bitcoin and Lite, IF it exists. Its a silly question and shows you don't know much about current developments in Cryptocurrencies. You've actually shown the hole in your thinking and argued against Bitcoin not for it.

And so to throw the question back at you, what does Bitcoin do that Dogecoin or Tittiecoin can't do?

Now the coin IPO is being supported by a relatively good escrow I don't know why others haven't got on board this coin. I had to risk my money and still have if not legit but now people can invest safely. I think its getting covered over by crap coins. Its a NXT clone that's min-able, that's got to be pretty interesting if and when its launched.

I don't know.. i wouldn't invest in it.  I have invested in other things like GPUC and HVC looked like some effort was put in which required investment.

Most coins are just fun hobby projects.. it doesn't require people to invest even $1000 to do it.  People are paying just way too much for very little return.

Checkout PDR.. no IPO, we just doing it for free, hobby project: https://bitcointalk.org/index.php?topic=524080.0

You don't have to be an early bird when you buy coins when they will come out. ;)
There is less risk and mostly a high potential of its value.
Remember my words.  ;)

Very true. Don't be afraid of missing the 'next big thing' because if the coin is going to rise in value, you have plenty of time to get in.