In some ways isn't Litecoin a "scam coin" too?

[markm]

I didn't miss the boat. How he scammed people is by basically a variety of pump and dump. He built a coin, got people bought into it, (kind of similar idea to "pump") then screwed them over by abandoning it and creating a whole new blockchain, kind of like dumping one and pumping the next one.

He didn't merely port over the scrypt stuff, he orphaned the blockchain he had sold people on and started another instead.

Kind of a bait and switch even maybe. People bought in to his supposedly improved coin, improved compared to tenebrix; then once he had sold them on that he came out with yet another one without carrying over people's investment like for example Protoshares has done with Bitshares.

He screwed his investors.

-MarkM-

[El Dude]

I didn't miss the boat. How he scammed people is by basically a variety of pump and dump. He built a coin, got people bought into it, (kind of similar idea to "pump") then screwed them over by abandoning it and creating a whole new blockchain, kind of like dumping one and pumping the next one.

He didn't merely port over the scrypt stuff, he orphaned the blockchain he had sold people on and started another instead.

Kind of a bait and switch even maybe. People bought in to his supposedly improved coin, improved compared to tenebrix; then once he had sold them on that he came out with yet another one without carrying over people's investment like for example Protoshares has done with Bitshares.

He screwed his investors.

-MarkM-

Fairbrix was flawed from the start , I doubt people invested serious money into it.

[markm]

Fairbrix was flawed from the start , I doubt people invested serious money into it.

Flawed in what way?

Other than the fact it was initially prototyped using multicoin, since the point of multicoin was simply to be able to use the same executable to run any blockchain) In other words, what was wrong with the specifications of its blockchain, that made it too flawed to use the same specifications in the bitcoin based executable that runs just the one blackchain and a testnet for it instead of using a config file to set which blockchain it is to use at runtime?

(Which language or binary one uses to run a blockchain doesn't change whether the blockchain is flawed or not, it is merely an implementation detail).

-MarkM-

[ahmed_bodi]

if you read the OP of litecoin coblee states the reasons for making litecoin. these include a proper cap on coins unlike fairbrix which didnt have one and just to be a clean fork of the bitcoin code rather than fork of fork of fork (look at starcoin and derivatives which are are a forking mess due to bugs from forking other clients)