Bitcoin Diamond looks like a scam
The following information was originally posted at medium.com.
There's some compelling evidence that Bitcoin Diamond is a fake scam coin, conceived about a month ago. Most notably:
- Some of its supposed partners have disavowed it, and said they have no affiliation with Bitcoin Diamond.
- The btcd.io domain name was only registered on 3 November, anonymously.
- The Bitcoin Diamond twitter was also only created in November 2017 and has never tweeted.
- The Bitcoin Diamond Telegram Group was also created in November, and doesn't allow for actual communication.
- The EXX.COM exchange, which has been linked to Bitcoin Diamond, also only came online in November 2017.
There is no wallet support, no source code has been provided, there is no communication and the features promised by the coin might also be a bit too good to be true.
While it was never properly listed on any exchanges, Bitcoin Diamond futures were being sold, and briefly peaked at over US$100. It's very likely that this is a scam coin, and that some people lost money buying a coin that never really existed.
This has a lot in common with fake ICO scams, and it's always worth making sure you know how to spot bitcoin scams and avoid falling for them.