Gaelcoin creator warns of scams

Antonie Geerts, the man behind an Irish-themed crypto currency, is mindful that users could be deterred by rogue operators, writes Emmet Ryan.

Emmet Ryan

Technology Correspondent @emmetjryan
20th April, 2014
Antonie Geerts, the creator of Gaelcoin. Picture: Feargal Ward

The creator of Gaelcoin, an Irish-themed crypto currency, has said he is concerned about the impact of scam artists on the crypto currency market.

Antonie Geerts, the creator of Gaelcoin, said potential users of crypto currencies could be put off by developers looking to take advantage of market fluctuations.

''There are so many different coins that many are just being used as pump-and-dump schemes. When the price reaches a certain point, the developers dump their...

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