Be warned that mr. Edgecoin now has time on his hands again, after his latest creation, NFDcoin, just ended. The NFD scam was incredibly sophisticated in a sense that it even fooled me. (only for 22$ but still)
So here we have a forum in which mr. Edgecoin, once he's finished with his champagne and cigar, is undoubtedly already plotting his next scheme, and a forum in which lots of people will try and copycat.
In other words: it is more difficult to pull of a scam now than it was a couple months ago due to awareness, and as a result, scammers are honing their skills.
Scammers have been using escrow for some time now to establish trust and count on people 'investing' directly since people are greedy.
Recently Goalcoin went as far as using a hacked/purchased Hero Member account as 'escrow agent'.
https://bitcointalk.org/index.php?topic=608345.0I would advise anyone to continue investing in alt-coin IPOs, but to just assume they are a scam unless you can convince yourself they aren't.
Use a seasoned escrow for any 'investment' above a certain amount, depending on your financial situation. I put it at 0.06 for myself as of now. It's the amount of money I'd be OK with to lose on a gambling machine.
Of course this means you'll lose 25% to the escrow agent but in an environment where 90% of IPOs are a scam, the returns on a legit one are such that you won't even feel it.
