Honestly any time you see a 4-500% spike for any item in any market, it raises red flags.

I feel as though BTC's price spike was the result of people having holiday money to spend catching insane FOMO and the price pump outran its development schedule, with outstanding issues that people ignored at first like scalability and transfer times.

Like, if crypto in general had all the transaction infrastructure, merchant support and so forth, that is on the roadmaps for all these different dev teams, it would be proving its value already. I believe it will happen relatively soon, personally.

But in this case I feel like the hype rushed ahead of the actual roadmap timelines for crypto in general, so I still just see it as a very large "correction".

People hedge their assets in the real world against things like gold and real estate.
In the crypto world, the value of currencies will be backed by the advancements, flexibility, speed, stability, and mainstream adoption of the network as a whole.

When this happens, we will once again rise to the moon my friends.

Also, long time reader of the forum here. Glad to finally come on board the discussions  

@Garlicoin,

 You need to make your own ANN post mate, which formally lays out all your plans and then respond to these concerns under the main post via edits and so forth.

Absolutely no reason you should have to post on this jackass' thread where he is defaming your project in bold red letters, it just lends him more credibility than he deserves (which is none).

Two things, first off it's not a freedom of speech issue. You didn't just express your opinion about the developers, you misrepresented yourself as someone who has the authority to post an [ANN] thread for a coin that you officially have nothing to do with, made it look legitimate, then after generating traffic and views to said post performed an about-face and used that assumed legitimacy to degrade the good name of the coin and the project.

What you're doing isn't practicing free speech, it's closer to slander which in the U.S. there are actually laws against. But this is the internet so yeah.

Secondly - chill. The coin is two weeks old and yet you feel the need to conduct some kind of organized attack on it via a salty witch-hunt. You're not psychic and you can't know for sure the intentions of the devs. Just try to investigate things and discuss it in a civilized manner instead of hurling accusations and damning judgements in flaming red letters, geez dude.

As I said, we need moderation in a board which enables official devs. to confirm their identities before being allowed to post an [ANN] thread of any sort to eliminate this kind of nonsense.

Your "proof" is not the issue here.

As you are not part of the official dev team, you don't have the right to create an [ANN] thread on behalf of the coin creators.

Now for whatever reason you've become salty and are abusing power you shouldn't have to denigrate the name of this coin, meme or not, in massive red letters. You are not the sole judge and jury for the intentions of the devs , nor should you be allowed to pass summary judgement by calling it a scam in a thread that was made to look like an official announcement.

BTC talk really needs some kind of subforum which enables dev teams to prove their legitimacy with some kind of verification process to keep this sort of thing from happening.