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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago