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October 11, 2016, 07:09:51 AM |
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For those who have not read the news about the Oasis darknet market place and the Monero exit scam then please google about it because this topic is derived from that story but it is not related to it.
The topic is about the possibility of other exit scams in the cryptosphere. In the new Ethereum based ICO, we have witnessed their funds raised to reach over $1m in ETH. Iconomi has collected $10m worth of ETH, First Blood $5m and the others are of the same number. What if all that money was not entirely from the "community" but is actually from the original insider whales of Ethereum? What if they are looking for an exit from all the ETH they are holding without upsetting the price of ETH? Or it might be worse. What if they are doing this to profit and then rinse and repeat?
It is like the ICO tokens have become a derivative of ETH where they can profit in BTC and then buy back ETH again then repeat the process. What are your thoughts on this?
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