Even well known coins like Litecoin fall directly into this category.
Charlie Lee created it so he could GPU mine, while everyone else CPU mined it, but claimed scrypt (with the low settings used) was GPU hostile ... for a year.
Kano, I expected more from you. You were around when Litecoin launched. You knew no one was GPU mining when it was only CPU mined. I even posted a thread explaining why it was highly unlikely anyone was GPU mining at that time. Yes, I was naive to think GPU mining was not possible at that time, but I definitely didn't scam people by mining LTC with GPU while claiming it wasn't possible. You also know that I wasn't the first to use Scrypt. So I didn't create scrypt mining to mine with a GPU. And it's highly unlikely that ArtForz or anyone else was GPU mining from the start.
Try to be better next time and not throw wild accusations please.
Give us some more Charlie. You won't really find me defending any shitcoin (or people involved in shitcoins), but I am not going to deny that shitcoins have been a proliferating presence in the space - and sure litecoin is amongst the earliest of them.
In any event, do you believe that this BIP 300 would be good for the bitcoin space? Of course, some of my personal worry is that BIP 300 does not necessarily take away some of the profit motives (of printing money) of shitcoins, even though it would provide an avenue for them to be pegged to bitcoin.. and therefore if they offer any features potentially allow second-layer on bitcoin.
My own personal punchline is that I am not sure if I am for or against BIP 300 so I would need to see a bit more vigorous debate about it.