"Found an uncannily similar new coin to Bitcoin - Legit or Coinclone?"

Pyps

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"Just saw a new coin called 'Bitmax' and I'm getting major flashbacks to when Bitcoin first launched. This thing is a dead ringer for BTC - same whitepaper style, similar block reward, and a logo that looks like it was borrowed from the Bitcoin homepage. Anyone else come across this 'new' coin?"
 

preonploy

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"Dude, I've seen coins like that before. 'Bitcoin 2.0' or 'CoinX Evolution' come to mind - sounds like a total clone. I'd steer clear unless you can verify the dev team's credentials and check for any red flags on the blockchain."
 

mikEac

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"Lol, sound like a classic coinclone to me. The whole 'similar to Bitcoin' thing is usually a major red flag, IMHO. Would love to see some more info on the project before I form an opinion though."
 
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