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turtlehurricane
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April 28, 2014, 07:43:17 PM
Last edit: September 27, 2015, 01:12:48 PM by turtlehurricane
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mr_random
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April 28, 2014, 07:47:54 PM
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Seems like all the color coins besides black coin are run by total noobs.

So far, yes.

It should be a big red flag anyway when you back a coin which is pre-mined. 9 times out of 10 the developer dumps his coins and runs away. And then pops up a week later with a new coin under a different account.
KingSchultz
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April 28, 2014, 08:02:35 PM
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Seems like all the color coins besides black coin are run by total noobs.

So far, yes.

It should be a big red flag anyway when you back a coin which is pre-mined. 9 times out of 10 the developer dumps his coins and runs away. And then pops up a week later with a new coin under a different account.

Either that, or the developer runs 10 coins simultaneously to increase the chances of a big cash out. If one dies, drop it and add another. It's so easy to do that the whole crypto-community should be avoiding anything without provable ongoing development... I'm sure the same guys have been getting richer and richer over the last few months. 
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