I wouldn't use the word "scam"
There was a deliberate attack on the coin by some people who think they could out smart and did outsmart the exchanges.
It caused something that no economy or currency should ever have and that problem is double spending.
Simply put double spending is not the same as "OWNING" double Whitecoin. What the culprit did was simply trick the exchanges into thinking that they still had the WC balance and therefore during the transactions, simply put, the BTCs will go through for both legitimate and illegitimate transactions.
No one has created new WC or fake WC in anyway, it is simply the exchanges not being able to having the correct blockchain information to verify the transactions properly causing the coins to be sent out and confirmed twice in two locations.
This causes the EXCHANGE to lose money as they will have paid Bitcoins twice thus called "double spending."
Please stop exaggerating problems or taking them to a point where it doesn't even make sense.
Okay so Yes, WC has problems, now we must fix them.
Exchanges closed trading to prevent losses for THEMSELVES not for the traders!
Once a new wallet, and it WILL, is released there will be no more "fake" WC's in circulation so I wan't to stop that myth as those transactions would be stuck unconfirmed forever in the old wallet.
As far as the future of WC, Once all the problems are fixed which they will be,
WC has potential as the community has grown so large and there are so many strong hands, it won't fail as a coin.
WC has been through extremes in the upper and lower range so I believe that the equilibrium price of this coin will be strong (I believe its not currently reflected in the market price).
The people spreading FUD are trying to get you to dump so that the market has cheap coins.
Research and research before you sell at a loss based on FUD.
There are some news worth taking losses for, most bad news on crypto however will be overly exaggerated specifically to target people whom don't understand the economic/technological attributes of crypto and stake the words of the pack too highly.
Sorry bro but onlu one who spread the FUD where this "new old devs" ..just before first bad news saturdat night their were huge dumpings on Mint Pal..because they dumped their coins and then spread the word "to public" and making price drop from 1400 to 650 ..also this morning you could see huge dumpings where milions of coins were dumped from 950 to 720 and then after that like first time "bad news" apear...this just them playing from inside to make them rich.
