A new theory has emerged which suggests that the same user, or group of users, have been behind many of the most popular and unpopular altcoins on the market.
The evidence was posted on the Bitcointalk forum under the title “Crypto Conspiracy?” by user “cryptocoinz187″, a new user to the board.
The Evidence
Cryptocoinz187 posted a chat log, with names redacted.
In it, they discuss a mysterious ip address which shows up in connection to a number of different coins, including Moleculecoin, Quark, Versioncoin, and Shibecoin.
The IP comes from the site Digital Ocean, a cloud server company. One of the three chat members, identified only as “A”, admits that it could be a coincidence since “digital ocean is used by many people, but the same ip at digital ocean is linked to multiple coins, which are linked to the same registrar, it looks like the same group.”
After some more investigation, the group discovered connections to Cloakcoin, Cagecoin, Slimcoin, Vertcoin, Jadecoin, and Atomcoin as well. And while A believed some could be coincidence, “we can definitley link cloak, molecule, and shibe to the same static ip”.
What Does This Mean?
A asks in the dialog “so you think we uncovered a massive shit coin operation or what?”
And after further research and chatting, “I think the evidence is pretty clear, devs from different coins have been colluding for a while now, or its the same group”.
Does this call into question the legitimacy of these coins? Does it mean they are scam coins?
Not necessarily. On user pointed out “all it says is that someone testing cloak coin has experience testing cryptos… this is a good thing”.
Others weren’t so forgiving, saying that “it was well known that a single person was pushing so many coins out.”
But even if it was a single person, would that necessarily be a bad thing? After all, people get involved with multiple business ventures all the time, and that doesn’t make them crooks by definition.
However, this shows that there’s more to the cryptocurrency world than meets the eye. And just because something is open source doesn’t automatically mean it’s entirely trustworthy.
Do your research before investing in any altcoin, or anything at all for that matter.
Is A Conspiracy Behind Your Favourite Altcoins?
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