HISTORY REPEATS ITSELF - This is how we can learn to avoid scams in the future.

Here is the original ANNOUNCE thread on Bitcointalk for this coin in 2014:

https://bitcointalk.org/index.php?topic=834910.0

So this coin CLAIMED that it was going to give voice-over-IP communications in real-time, Voice conferencing, and SMS messaging... all on a blockchain.

Wallet not released by github or open source, but BINARY releases... (grin)

Sounds too good to be true? Well it was...

This scam went from Oct 25, 2014 until May 7, 2015.

Sound short? No, that was 194 days this scam lasted before people realized it was dead.

It is obvious the developer knew full well the limitations of what they were about to produce was impossible. However, they sold a dream, and people bought into that dream.

You got 194 days of dreaming before the pump was finally dumped.

Guess who was the first person to know "when" and "why" the coin was going to die? The developer of course.

On Day 1, I knew this coin didn't have a chance, so I stayed away and just chuckled at the idiots who said things on that Bitcoin thread like:

*...from the Developer himself:
"I already did POD [Proof-of-Developer[ with video submission and a letter from lawyer confirming my ID. "

Amazing right?

Here is the proof of developer page to prove this wasn't a scam (even if it was a scam)

http://proofofdev.com/vior-viorcoin/

The ICO ended on Nov 13, 2014 and it raised 110.62 BTC (when BTC was worth $432/each)
= $47,787

...but it was still a scam. He sold a bag of goods, that couldn't be properly delivered, and abandoned his project.

Then there was Cryptock a Bitcointalk "hero" forum member who said:

• Viorcoin 600% rise since crowd sale

Then there was nic25 a Bitcointalk "legendary" forum member who said:

• Daytraders getting out, dont worry about that. Im not here for a day, a week or a month. Im here for the long haul. This year will be VIOR year

So what happened?

Now guess how much of a bankroll the developer had to keep pumping and inflating the price of his coin?
$47,787 or 110.62 BTC

So the ride up began, more people started buying it too... The developer obviously kept buying the coins in increments to keep pushing the price higher and higher... until he was ready to dump it.

I can't possibly give you a full detailed play-by-play in one post.

...but what you should do, is take the time to go though that Bitcointalk thread and see how excited people get by too-many promises and don't ask important enough questions before throwing money at coins like this..

Who was the developers? One guy? That's it? Had nothing seriously built? Sold a dream? Some flashy user interfaces all tied to a centralized server?

Yes, this is was common place back in 2013-2014 and it took us forever to learn from repeated scams again and again.

Now today, you can't release a crap coin, and do an ICO this way without "better graphics" and "better dev teams" and "more roadmap promises"......

...but scaleability? Estimation of size of blocks, storage required, adoption required, number of concurrent users and transactions... future business plan and network stability plans... testnet results BEFORE THE ICO?

Nah, you still don't get much of that these days... all you get is...

"Hey!! It seems to be working so far... that's good isn't it?"

Not for me, I'm a little more investigative in what I buy. What about you?