Seven lie alt coins - more data, more truth

   Recently, as the pupularity of Bitcoin, the huge wealth effect has attracted many people to participate into the party of crypt coins. But for most people, they come too late, they already miss the best chance and time to gain money from BTC and LTC, it's not good to take part into bitcoin or litecoin community, litte room for appreciation but more risks for depreciation. So many people turn their attention to altcoins in a dream that one of the altcoin they have could have a huge rise in price like what litecoin plays this year, in order to meet people's needs, many many altcoins have been created, which also contributed to a variety of altcoins, some altcoins maybe worthy to inverstigate, some are totally bullshit.

   Really is always very cruel, most new altcoins are badcoins which are created only for the purpose to make the developers rich, they just want to make money, they don't care the life of their coins and no further development, these coins make lots of investors been cheated and lost money in their investment to the new coins.

   In order to help people to know more about altcoins, we will unmask seven bad altcoins in this article with accurate data and info of these coins, so everybody will know how our money been stolen from these coins.

No. 7 PPC (PPCoin)
   PPC is very famous and has a great reputation for it's the first coin which provide proof of work and proof of stake, currently ranked fourth by market capitalization in all crypt coins, can be exchanged in BEC-E, Vircurex and Bter.
   By browsing it's block explorer, we know the first block of PPC is genrated in 18:19:16, 2012-08-19, reward is 2500 coins. After 24 hours, 994 blocks has been generated, reward is 1639 coins, 1.45 minutes per block, only 1/7 of designed 10 minutes per block and the reward of every block also descrease to 65% of the first block.

   2057580 coins has been generated in first 24 hours after it has been released, until 2013-7-15, release has been 11 months, the number of inquiries we can see the whole network is 19,638,241 coins . 2057580 / 19638241 = 10%, this means 10% PPCoins has been generated in first 24 hours and it's in the dev team.

   No. 6 FTC (FeatherCoin)
   FTC completely copied the LTC, without any technical innovation, with speculation, currently ranked sixth by market capitalization, in the BTC-E, Vircurex, Bter traded.
   Browse through the blocks seen it first block created in 2013-04-16,21:17:40. After 24 hours, the 04-17,21:17:08, the 14451 block has been generated. Average of 0.1 minutes outputs a block of 2.5 minutes than the design criteria of each block 25 times faster, that the development team at an early stage after digging into the equivalent of one day by digging 25 days!

   Each output is 200 coins, seen in the first 24 hours, the output of 2.8902 million yuan. Up to 7-15, has released three months, the whole network query shows the number of credits is 10,107,450 dollars. 2890200 / 10107450 = 29%.

   Conclusion: FTC in the first 24 hours, it outputs the three months since the whole network for 29% of the number of credits, of which most of the development team to be taken away. This is already more than 25% Ripple expressly reserve currency more black. Because it is a monopoly reach a very serious level of mineral, we will list it as the sixth in seven black money.

   No. 5 CNC (ChnCoin)
   CNC can say is notorious in the cottage credits circles no wonder. Technically it is directly copied the LTC, without any technological innovation. Once in the BTC-E, Vircurex, Bter traded. Because the name of "Chinese currency," the name, there was a lot of people sought after. But less than two months, the scam on the curtain fell, the BTC-E, Vircurex "off the shelf", becoming the first one because it is too dark and rapid death of the famous cottage currency.

   There are expert analysis found that, as early as before the release, the development team to steal dug more than 13,000 blocks, totaling more than one million dollars. And the FTC is similar, it also has the initial problem of excessive speeding. Follow it in the BTC-E price after the listing, the development team has a large black money, then set the investors suffered heavy losses. Even worse is that after the release of the development team immediately muffler Kui trace (too busy to engage in under a hoax), the official website is no longer any updates, simply naked fraud.

   Conclusion: Since the CNC monopoly mineral similar to FTC, and blatant fraud, we will list it as seven black money in the fifth.

No.4 YBC (YBCoin)[/color]
YBC is the most talked about China after CNC cottage coins, declared that "all finished, Chinese customer service, pre-release notice," by virtue of hype, attracting a large number of wild speculators, the price bubble is huge. But sane people should realize that technically it is completely copied YAC, without any innovation, YAC black rule will be repeated again in the YBC (Note: YAC in ranked first among the six black money will be in the back chapters describe in detail). Although the "pre-release notice" can reduce the initial development team "super bonanza 'monopoly, but we can reason, the development team can copy YAC since black rule, of course, the operator can prepare a strong force, with clear rules of the few common early miners scramble "super bonanza", again a move "client accidentally leaked in advance," "pre-release trailer" What real effect it?

Conclusion: Because YBC monopoly mineral similar to YAC, and more deceptive, we will list it as the fourth seven black credits.

No. 3 NVC (NovaCoin)
NVC by the Russian human development, integrated use of POW + POS route and scrypt algorithm, currently ranked fifth in market capitalization in the BTC-E, Vircurex traded. Yet we all know, the development team has dug up two days in advance to steal (accurate to say that 42.3 hours), the infamous.

We can see it through the block query created in 2013-02-09,16:21:22 first block, the output is 100 coins. At 42.3 hours after the first 4418, output is 25.2 credits. Dig in to steal 42.3 hours, an average of 0.57 minutes outputs a block of 10 minutes than the design criteria of each block 17 times faster, the number of credits each output dropped to the first piece of 1/4.

Dig in to steal 42.3 hours, with an average output of 63 credits per meter, total output of 278,334 coins. Up to 7-15, has released more than five months, the inquiry shows that the number of credits the whole network is 419,697 coins. 278334 ÷ 419697 = 66%.

NVC steal the development team two days to dig, they possess more than five months since the whole network 66% of the number of credits. In the early days after the release, they still have the first-mover advantage, estimated mastered currency than 80% of the whole network! Gouhei, right? With "thick black school" which words, called as black as coal!

This money has investment value? We can make an assumption - assuming NVC substituted BTC replace France as the world currency common currency, but the development team has mastered 80% of the money, would not be able to buy the whole USA + EU + China + Japan! Bill Gates only rationing his toilet brush! This is possible? So you think that the NVC has no investment value? There is no appreciation of the prospects it?

Conclusion: Because NVC monopoly reached appalling levels of mineral and steal dug up two days, we will list it as the third seven black money.

NVC blocks Browse: http://nvc.cryptocoinexplorer.com/

No. 2 YAC (Yacoin)
YAC using POW + POS technology roadmap, "the first CPU of mining coins" these fancy tricks to hype, once in Vircurex, Bter traded. Currently scam has been lifted, has been Vircurex "off the shelf", the price slump on the verge of death, investors suffered heavy losses.

   We can see it through the block query created in 2013-05-08,06:49:33 first block, the output is 100 coins. After 24 hours, that 05-09,06:49:37, was the first 32,030, output is 35.89 dollars. The first 24 hours, the average output of a block of 0.045 minutes, one minute than the design criteria of each block 22 times faster, the number of credits per output dropped to the first piece of 1/3.

   In the first 24 hours, with an average output per meter 68 credits total output 2,178,040 coins. Up to 7-15, has released more than two months, the number of inquiries we can see the whole network is 4,379,758 RMB currency. 2178040 ÷ 4379758 = 50%.

   YAC in the first 24 hours, the output of more than two months since the whole network to 50% of the number of credits, most of the development team was taken away. And it turns out, "pure CPU mining" is just a scam, in the early stages of mining efficiency is still using the graphics far more than CPU, equivalent to know the truth of the miners with "CPU sword" and the development team, "graphics machine gun" competition. estimated by the development team to master more than 70% of the credits. Worse, YAC development team and CNC team, as in the post immediately after muffler Kui trace (too busy to engage in under a hoax), the same is naked fraud.

   Conclusion: Because the extent of poor mineral YAC monopoly after NVC, coupled with CNC-style naked fraud, we will list it as the second seven black money.

   YAC blocks Browse: http://yacexplorer.tk/

No. 1 XPM (PrimeCoin)
XPM or "prime money", known as "having a mathematical value" to attract a large number of speculators, currently in Vircurex, ryptsy traded.

However, after my analysis, which is a darker currency, the greater the traps, more deceptive, see if I expose its original shape.

First, the development team that XPM PPC team has been revealed earlier, PPC currency in the black list of the seventh, and was known as the "father of black money." "Black money of the ancestors" natural "black power" deep, it re-shot, the difficulty is not worth our vigilance do?

Secondly, through the block browse query shows that the first block was founded in 2013-7-7,18:28, output is 20.38 dollars. As 7-22,1:03:54, is the first 76484, the output of this block is 12.06 dollars. Less than two weeks time, the number of credits each output dropped to 59% in the first one, we know XPM also committed "the number of credits each rapid decline in output," the taboo.

Further investigation, the first 10000 Created on 7-11,1:18,30000 DB is created in 7-13,17:26, first created in 7-14,14:21 40000. No. 1-10000 block shows the average time is 0.47 minutes per block than one minute each standard 2.1 times faster; No. 10001-30000 blocks per block of time is 0.19 minutes, speeding 5.2 times; No. 30001-40000 blocks per block of time is 0.13 minutes, speeding eight times. XPM also made known "initial speed" taboo.

It does not stop here means black. We observed that the above data, it is not very serious speeding the earliest, but the more severe the more backward, the difficult adjustment mechanism, which is an abnormal phenomenon. The XPM-called "difficult to adjust each block," but to 7-22, has released two weeks, still speeding up three times, this anomaly is even more difficult to interpret.

Therefore, only one explanation - XPM development team has invested in the card after the release of secret mining software, such as YAC, YBC, like, use the "card machine gun" against ordinary miners "CPU sword," and deliberately designed to adjust the difficulty is very slow, there Adjust the difficulty of each speeding more and more serious, still speeding three times after two weeks of the "wonderful" phenomenon. Than YAC, YBC more evil, more dangerous is that the development team "card machine gun" input has been a long time, is still the exclusive monopoly. Difficult to accurately calculate what percentage of the development team dominated the currency, because the efficiency of mining is the CPU card several times, our reasonable estimate of mineral development team monopoly severity with YAC almost.

Some may say, XPM indeed be innovative in technology, can not exempt the list, or that the official fishing so much money is reasonable remuneration. I want to say, big and evil person, the greater the capacity the greater the harm can not be a reason for exemption. Moreover, the first currency is the currency, rather than math games, math games to play from the currency attribute is hype than practical significance. As for the contribution, XPM contribution to the team compared with Nakamoto? To have Newton, Einstein so great? Even Newton, Einstein to the world obtain rewards, but also can not take away more than half the world's wealth now!

Because XPM degree of monopoly harsh mineral YAC similar, and as an official and clandestine use of graphics mining is shameful behavior, black more subtle means, "innovation" more deceptive guise, we will "XPM" as seven black money the first place. And I remind readers of good will, XPM release date is only two weeks, according to the daily value (number of credits × daily output prices) count, actually exceeds the LTC, almost equal to the BTC, bubble has reached a very dangerous level.

XPM blocks Browse: http://primecoin.21stcenturymoneytalk.org/
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