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RE: How to Identify ICO Scams

in #scam-ico7 years ago

thanks, ICOs these days remind me of the shit-coin launches back in 2013 after Litecoin started. Everyday there were about 20 new coins, I even mined "FryCoin" for a while named after Fry from Futurama...love the pic you used for this article!

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That's hilarious, I've seen weedcoin and gaycoin advertised! WTF?! 😂

Haha, yep these are some of the coins I mined and held back in the goldrush of Crypto days:
SEXCOIN - SXC - Meant for use on porno websites! (I did NOT actually use them I just thought they would go up in value)
EarthCoin - EAC - Dubbed as the "Flagship" coin for 2013...somehow they were going to help save the planet. I think i have about 50,000 of these in an old wallet somewhere.
MaxCoin - MAX - Named after crypto host Max Kaiser - Pretty much a pump n dump
BOOST - NFI...it just sounded good!
And then the one good one - DarkCoin (now known as DASH) - This was the one coin I mined and believed in and held and now it's gone from 10 cents to USD$400!! Evan Duffied (the creator) you sir are a Genius!!!

very nice thanks... thanks. thanks.

Lol, FryCoin! Yeah, there's an incredible amount of tokens out there these days - madness.

What's madness is that even though you advise people to do their research most won't or they'll do a half ass job of it. I thought I learned the hard way 18 years ago but this is a much more violent game.

If you can't afford to gamble (like a college student or someone in a country with a failing currency) never play the ICO/altcoin game, stick to the top 3 and hodl.

ICOs these days remind of the early days of Kickstarter. Wild west with nobody considering consequences but regulations will kick in sooner or later!

Dont forget AnalCoin!

In all seriousness though, it is sad though how many people are falling for these traps.
Also hackers who try to pishing and other methods to get coins.

And we still are in the middle of it.

A lot more people are going to get burned, but this will not stop the blockchain revolution.