Just a note for the new people

[smoothie]

Novacoin is a scam. Wouldn't want you to be manipulated into buying something that was started as a scam and still is. Price pumped up to $1.30 today.

Beware. You have been warned.

Also...welcome!

[Mr. BlockSize]

Thanks for the warning

[lopalcar]

thanks, I was getting confused with so many different information about destroyed premined coins and that crazy prices...

[gcali]

Is there a site similar to the BBB for bitcoin sites?

[Raoul Duke]

LOL. Smoothie, litecoin is also a scam.

[CryptoJunky]

Smoothie, is there a coin aside from Bitcoin that you don't consider a scam? 

[veteranBtc]

Thanks for info.
Litecoin - Scam??
wow..

[BTCSylar]

That's what they called bitcoin in its early days. They also called it a ponzi scheme. I have faith that one day Litecoin will be popular, (and I will be rich  ) Novacoin on the other hand...

[johnniewalker]

I don't believe any altcoins are a "scam" per se. Some may be successful, some may not. Just like Bitcoins in their early days. People who bought them were taking a risk...and it obviously paid off. Although, my 2 cents says that there really is no place for an altcoin w/BTC becoming so ubiquitous.

[maxcarjuzaa]

just see with your own eyes

[ishare]

thanks for the heads up

[Monster Tent]

If the bitcoin devs cant work out the block size before the limits get hit then there will need to be  a backup coin to handle scaling issues.

[maxcarjuzaa]

we do not "need" a backup coin, Bitcoin is fine, LTC will gaine value because it was in the right place at the correct time, ASIC proof means that a high percent of gpu mine (25%-35%) will switch to LTC.

And the most important thing, LTC has the bigest userbase after BTC.

There are a payment procesor working in a solution for LTC and lot of projets working for LTC.

We need an alternative coin for speculators to trade against BTC without using us dollars :-)

you know, some people hate fiat currency.

REMEMBER: THE VALUE OF A COIN COMES FROM ITS NETWORK EFFECT.

BIG USER BASE=MORE PEOPLE TRYING TO GET THE COIN=HIGHER VALUE (ignore unknows coins with artifically manipulated high prices), You can spot these cases (if any) in the graph above)