Poscoin dev has scammed IPO investors

[Joshuar]

It seems POSCOIN developer, POSCOIN, has scammed IPO investors on his thread, https://bitcointalk.org/index.php?topic=554784.300;topicseen

His/the last post on the thread is, "Don't worry, your BTC will be well spent for Jehovah's Witnesses cause and education!", or rather translated, " Thanks for all your bitcoins, time for me to go partying!"


Even after intense scrutiny of the dev of POSCOIN, people still donated towards his IPO...

I hope people learned, DO NOT invest in IPO's without an escrow...or the Dev is gonna take your money...and go partying like Stackcoin, Edgecoin, and now PosCoin dev is.

[lostmojo]

As long as suckers keep buying these IPOs they will keep releasing them  

Its all a case of supply and demand

[DiamondCardz]

TBH if you invest in one of these terrible IPO coins you deserve to lose your money. 95% of those coins are scams and the other 5% are just crap anyway.

[kggservices]

Someone has to invest and take a gamble otherwise everything would be left up to the fat cats and I'm looking at all these coins that pop up then dump coins thats fat cats just sucking the money out.

I'm not sure how you make an IPO for a coin but a service i can understand