Bitcoin Forum

Don't buy 50% premine scams.

Such as the countrycoins that intend to distribute to residents (NOT), release coins to victims of scams (NOT).

This is all nonsense. They are just as bad as the Ripplescam. These developers should be banned from the cryptocommunity.

This is not the spirit that Satoshi put in Bitcoin. It's basicly abuse of his invention.

Please list all the coins to avoid for such reason.

 ;D they are sell all coin  we lose money

fully agree, just shitcoins, like SPA, and so on.
can't someone develope a really good coin , please!

How are they scams if they are actually distributed as proposed?
They have the wallet public so we can see if they touch it before distribution.
Also distribution is done so through national IDs for SPA.... this is hard to "scam" people out of.
Some coins with premine are scams but you're generalizing horrendously and with nothing to back it up.

all i hear are  :'(

just pick one of the many coins and stop  :'(

these forums are getting annoying with the amount of  :'(

 :'( :'( :'( :'( :'( :'( :'( :'( :'(

You just don't get it do you.
Even if 1% of all a countries' residents use Bitcoin (which is greatly overestimated) ....
Even if 10% of those bitcoin users hear about that coin and are prepared to send their private info to some strangers ....
That still leaves 49.9% in hands of 1 person to dump when the time is right and 'move on to other things' read disapear.

Auroracoin
https://bitcointalk.org/index.php?topic=505534.0

buying even from those who not scam there are problems, here often depends on luck
Posted from Bitcointa.lk - #Plhp5aORdQIEPRXe

idiots will buy it

Do you think creating this thread is going to stop people? They'll never listen.

Even if 1 person is more aware after reading this I'm happy. Remember there are thousands of new cryptotraders last few months and they do not know the true spirit of Bitcoin. A few months ago traders on chatbox would go mad over the 50% premined ORB coin to be listed on cryptsy, nowadays it seems to start being acceptable.
(ORB has been rebuild I think)
A 1% premine was still acceptable, more and your coin would be called a premined scam.

Premined coins are a sinkhole. Better hold and support integer coins.

This

Too many idoits there.

Check the fair/free coins like CommunityCoin.

if the goal is to give people free money, why not give them bitcoins instead?  Every new coin that uses a premine distribution plan needs to answer this question first.  

why the hell should anybody mine a new coin when the coin will indirectly channel money from altcoins and bitcoins?  just give the country bitcoin from a fundraiser.  since nobody is fundraising but a few people instead are actively manipulating those currencies, so claiming a 50% premine coin with no accountability is for the benefit of the country and not the developers is lol.

I prefer premine coins, if the premined coins are distributed to the sharholders which signed up in an early stage.
Thats´s much better than 100% mining coins.

Oh wait, for miners is premining a scam, because......? obv

Cryptocoins are not just for miners. But cool, Miners mine the hell out of each f... shitcoins dropping to the market. But the good ones/2.0 are premined for investors. Yeahh the suxx.    ;D


So Users don´t buy 100% mining coins, cause you are only supporting the pump and dump miners. Look for real value

This is obvious and good advice and good for your for beating a dead horse and pounding on your drum.

bitleu is spam coin