Since we are invited to share our scam stories, I bought Infinite coin a year ago. It is now coin #1,895. When it got kicked off my exchange my holding literally disappeared. Oh well, lesson learned. My new rule, do not buy coins below top 100. There are way too many scams. Trying to find the next big thing in ICO’s is not finding a needle in a haystack. It is trying to find a needle in a stack of other needles. The LCO concept is interesting because, if I understand it correctly, it will be a synergy between traditional investing concepts only using the new blockchain platform. Evolution if you will. Uh oh, technology overload alert. Dam, my head is spinning.
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This model could work in the USA but it will clearly come under, and must comply with, SEC regulations. The entire idea behind mosy crypto followers is to escape government regs. This is where the hostility may arise.
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Dear @clayrawlings
What do you mean disappeared?
Would you be able to point out what is the difference between LCO and STO (security token offerings)? STO is clear and simple but I'm kind of failing to understand LCO so far.
Yours
Piotr
I mean it literally disappeared. The exchange said it would no longer support the coin and I needed to move to another exchange. When I tried to transfer the coin to another exchange it just disappeared right before my eyes. I could not find it in my history. It was like it never existed. It was not enough money to waste any more time fooling with it. I transferred every other coin I had on that exchange and never went back. Lesson learned. As for difference between LCO and STO, that is above my pay grade.
'Trying to find the next big thing in ICO’s is not finding a needle in a haystack. It is trying to find a needle in a stack of other needles'. ouch!
What a perfect description and I am sorry to hear about your lost coins.
Indeed @straighttalk I also like this comparison :)