I remember the VISACOIN IPO case.
There was a good guy. He had been trying hard to warn people here that VISACOIN IPO was scam.
Unfortunately, a lot of people didn't believe in him, and invested in the VISACOIN IPO.
Finally, they all lost money..
For this HKC case, it is not money.. It is the computer power that spent on minting.
How can people who aren't mining lose money?
The people mining are selling the coin.
I believe that many miners at my pool have qq.com addresses. You aren't influencing people in the way you think you are.
HongKongCoin is stable and did not use an IPO format. Nobody has been swindled. The launch was very, very smooth.
Most Altcoins that have been launched lately can say none of those things.
I am not saying HongKongCoin involved IPO.
I am just saying HongKongCoin is SCAM.
You don't know how much a miner is supposed to earn per day, as you only run pool.
I could tell you that the current value of HKC can't even enough to pay the electric bill.
However, the 2.5% premined coin can be used to exchange for a good sum of BTC even at a low price.
Once HKC dev has got all the money he wanted, I guess he will run away. By then, all miners will lose their opportunity cost.
Last but not least, without a proper technical support (i.e., typical fate for Coingen Coin), HKC will have no value at the end. Those people who used BTC to exchange for HKC will be the final losers. Actually we can say these people are suffered from the HKC scam.
