Anatomy of a Pump and Dump Coin

[solracx]

For all the many alt-coin investors out there, I give you this article:

http://www.legitcoinage.com/?p=27

In recent days, the Coin Pump and Dump has been one of the most lucrative of schemes.   This scheme goes like this:

1.Announce a new coin in Bitcointalk.org without advanced notice.
.... ( read more here: http://www.legitcoinage.com/?p=27 )

[richgene]

Very insightful... not.

I hope the next article is about creating coins with 50% kickbacks for the dev.

Whoever owns that site should seriously invest in a WordPress theme. I didn't realize people used the stock theme and just changed the background pic. It's only got a weeks worth of articles so I guess they've got some time to get their act together.

~ricghene