Fontas LTC IPO pre-pump lulz
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[url=https://forum.litecoin.net/index.php?topic=4698.0]https://forum.litecoin.net/index.php?topic=4698.0[/url]
[quote]I am not looking for a quick pump n dump of LTC. Instead, this will be a coordinated effort to put LTC in the spotlight for good, legitimize the coin, and generate interest in its potential as a serious competitor to BTC and one of the leading tools in digital commerce.
We all know what will happen when Gox supports LTC: Price will rise immensely and more investors and developers become interested. This project serves to amplify the effect.[/quote]
[quote]IV. 3) Blockchain Manipulation : Third, which may be the most difficult to coordinate, blockchain manipulation through miner participation. Leading up to the IPO, turn on all mining machines and GPUs to maximize the difficulty. During the first two days of the IPO, turn mining machines away from LTC. [b]Mine FTC[/b], NVC, or another scrypt based coin.[/quote]
[img]http://www.reactiongifs.com/wp-content/uploads/2012/06/c9X6n.gif[/img]
So I get to mine Litecoin for two days it looks like. lel
Edit : Just finished reading it all. Personally, I think this is bad for Litecoin, even though “Litecoin” really has nothing to do with this idea, it still (to me) sheds a bad light on the coin if they go through with this (and they will). We all know what’s going to happen if he’s successful (he will be) and the end result will not yield the results he implies IMO.
It will give a lot of talking points to litecoin critics (and bring Feathercoin miners for awhile).
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Fontas doesn’t give a shit about altcoins. He cares about profits and fame only. Fates of those who follow him blindly are regrettable.
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Very bad for litecoin, it could ruin everything for them if this happens and goes out of control.
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in fact their is a hidden step 4) that is fontas sell all the LTC coin he already has buy before this post for big profit, before other can sell then price go down, fontas makes lots of money all other loose (he can buy back some to keep going after as the dump spiral). typical pump and dump, in this case he don’t even have to do the pump himself he ask other to inflate it for him as the GOX initial rarity will make price up anyway(that is the assumption, can be wrong, but have ~80% chance to be true).
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[quote name=“groll” post=“19785” timestamp=“1372958091”]
in fact their is a hidden step 4) that is fontas sell all the LTC coin he already has buy before this post for big profit, before other can sell then price go down, fontas makes lots of money all other loose (he can buy back some to keep going after as the dump spiral). typical pump and dump, in this case he don’t even have to do the pump himself he ask other to inflate it for him as the GOX initial rarity will make price up anyway(that is the assumption, can be wrong, but have ~80% chance to be true).
[/quote]Your correct groll, thats exactly what he is going to do.
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Fontas is now a (officially) Scammer
(labeled scammer by ‘someguy123’ owner of litecoin.net forum)
https://forum.litecoin.net/index.php/topic,4862.msg35566.html#msg35566 -
In other news, the world was determined not to be flat. :)
