Possibility Of Scamcoins Indefinitely Working

[ohhaithere]

I just had an interesting thought. What if scamcoins work for an extremely long time (and by that I mean weekly pump and dumps working)? It is entirely conceivable that there is a nearly unlimited population of people that will dump hundreds or thousands of dollars into the very very small chance that it'll turn into millions. Bitcoin had about a 10,000x gain if you invested from nearly the beginning of exchanges. If we say a new coin has a 0.02% chance of becoming the next bitcoin and having the same 10,000x gain, the cost-benefit analysis still says dump all your money into it (assuming you are able to comfortably survive on what you don't invest, and a large fraction of the world population has lots of money they don't actually need).

[superduh]

risk vs reward
problem is that most scamcoins have 0 chance. hard to tell which one will be the lucky one.
sure, gambling. people do all the time

[fendlestick]

When a coin has a launch that has had some actual money put behind it, it will shine amongst the steaming heap we have at the moment.

Some tips to stand out:

Redesign the wallet so it is different from the others. Not just a new icon and changing the coin name letter code.
Do some actual real world PR, at university campuses might be a starting point.
Send out t-shirts and other cool stuff to forum members.
Spend a few grand on branded stuff, hats, t-shirts, thongs, open a shop and sell the goods for your coin.
Create a press release and PAY to release it into the agencies.
Have a way for peeps to trade coins from day one, create your own exchange, again you will need to spend money.

You get the idea, spend some actual money!