Why has vertcoin risen back up?

[nzminer]

From what i was reading, it is the ultimate scam instamine coin, yet i see it has gained ground?
Does this show that even scamcoins have a future?

[1714498872]

1714498872

[1714498872]

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[balu2]

your fault if you listen to paid shills. Every single one of these coins is 'instamined' including btc. What does that even mean?

[micryon]

I mined the first few blocks of VTC, on my laptop CPU.. solo..

so didn't feel like an instamine to me.

[jwinterm]

I mined the first few blocks of VTC, on my laptop CPU.. solo..

so didn't feel like an instamine to me.

I wasn't solo mining, but I still mined quite a few vtc back in january.

Vertcoin seems to be one of the most fairly distributed major altcoins out there. Check out http://bitinfocharts.com/ and look at the percentage of coins owned by the top 100 addresses; vtc is the only one with a market cap of $5M that is under 40%, and most are over 50%.

[Svener]

I am liking Vert, Noble, DRK and Guldencoin(1st non shit/scam) country coin.

[nzminer]

I never bothered mining it, because my videocards gave such a poor hashrate compared to scrypt and the difficulty seemed to rise pretty quickly. I may buy a few just in case, but there are so many coins i cant invest in them all.

I was reading that the developers had bascially used a huge mining farm to cash in at the start and then they dumped them all?