Topic: Altcoin section is out of control, expect even more bullshits (Read 1659 times)

Because the answer was no fifty threads ago. The Alt Coin section isn't to cater to alt coins, its to keep people from posting about alt coin stuff elsewhere on the forum. If the alt coin section goes, you will see the scam IPOs pop up in Project Development, Currency exchange, Bitcoin discussion, and all sorts of other places it shouldn't be.

The whole idea of Crypto Currencies is that you don't need to rely on someone telling you what you can and cannot do with your coins. If people want to ignore all reason and "invest" in some shady alt coin IPO, or invest in a failing coin, more power to them. They will get burnt and maybe learn a lesson. Anyone that would invest any significant amount of money into something that is obviously incredibly risky either has a lot of money, or a problem.

Bad alt currencies don't represent crypto currencies as a whole, any more than individual people represent Bitcoin. Its money, there are scams, bad services, illicit uses, thats going to be true for anything. Just think before you invest money, and you will be fine, if people don't have the mental capacity not to give a complete stranger with a shoddy business plan an irreversable payment online, then they should go back to using Paypal.

I too agree with the original post for the most part.  I would like to see some kind of I don't know regulation on the amount of spam coins being pushed around here.  I know many crypto heads consider themselves some kind of anarchists or whatever but it has become so chaotic that the average newb stands no chance to sift threw what is real and what is total bull IMO.

Even better - the payouts are based on our activity, so the more topics we move, the more we get paid.


Bitcoin Discussion board is not a "you can post and spam whatever the fuck you want because it's at the top of the page" board, but a board for "General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere." Meta is for "Bitching Discussion about the Bitcoin Forum" (as the description says), so it was right to have this topic moved here.

This user is NOT staff of cryptorush.in  DO NOT listen to this user in any way shape or form as he is attempting to steal our name in order to steal bitcoins from unsuspecting users yet again.

the moderators love to move shit around.  they get their kicks that way.  Since i assume they are not getting paid,
they have to at least get some gratification and fun.

This has been discussed multiple times, we've yet to see any action being taken.

They are success for you because you made a killing on trade fees, nothing more. All in all, exchanges are cancer of cryptocoin scene so fuck off.

Fuck off also goes to moderator who moved this thread to Meta from Bitcoin Discussion. Let's hide from Bitcoiners info about potential threat, right?

We do believe many of the coins has been having a great succes and that is why a few has took a place on our exchange.

Exactly but the major issue right now is someone new to cryptocoins browsing altcoin section will most likely miss altcoins that add something new to
scene and thus can serve as a backup in case Bitcoin goes down. Altcoins that are actualy useful and differ enough from Bitcoin to be considered good
other options, like Primecoin and similar ones which offer different algos or some other extras are nowhere to be found, they are spammed out to 2nd
and further pages in a matter of minutes by hundreds of shitcoins where nothing of any importance is changed vs Bitcoin or Litecoin. I have spoken
recently with few Bitcoiners who live in my area and not one of them likes what is happening on this forum and scene in general. Majority opinion on
the matter is that besides obvious threats to newcomers (scams, IPOs and so on) some other threats could be behind all that, like intentional attempts
to divide and conquer by spreading total hashrate over thousands of cryptocoins thus removing some hashrate from major cryptocoins. While Bitcoin
is probably out of reach, Litecoin, Primecoin and similar useful altcoins are seeing either drops in hashrate or little new hashrate added compared to
all new hashing hardware added. Bitcoin is also affected, maybe not PHashes less for it but certainly over few % less right now but the point is if new
altcoins are not put under more control some of it might actualy take considerable amount of hashrate from Bitcoin. You should not underestimate the
possible impact of shills, multi-accounts and propaganda. Just like recently pitched shitcoin Aurora took considerable hashrate from Litecoin, something
that also happened earlier with Dogecoin, that same way a new SHA altcoin could emerge and affect Bitcoin. It obviously makes no difference if story
behind some new altcoin makes sense or not, if it is pitched the right way it will negatively affect hashrate of existing cryptocoins, Bitcoin included.

Altcoin sections should stay but random newbies should not be able to create threads and post links to wallets. Any and all clone and shitcoins should
be removed. There are over 400 of them right now and unless something is done there will be 1000 and more. Not an issue? Do nothing and wait but
make sure you are always ready to dump your BTC, LTC and other major altcoins, if major hashrate drop happens you will not be able to move your
coins to exchanges fast enough to cash-out before price is 0.

Also to take into consideration is an impact on Bitcoin price from all miners who are mining altcoins. Can they pay electricity in DOGE, AUR or some
newer altcoin? No, they must sell those for BTC or LTC and then sell BTC or LTC for fiat. Bitcoin is getting a noticable hit there, much more than LTC.

I'm obviously a GPU alt-coin miner out of necessity to get BTC, but I have to agree with the stance. The amount of scams, shilling, coin pumping spam, sock puppets, IPO's, large premines with B.S. excuses, etc... is indeed completely out of control.

One thing is having a positive view of altcoins, quite another is opposing that something must be done to the alt-section of bitcointalk.

I believe deleting the section is too radical. After all, this is the forum where the crypto adventure started being discussed, and the existence of alts is a further step of de-centralization, and so is Asic resistance, concentration on less hands and plan B just in case Bitcoin is destroyed by external forces. But temporarily locking, labeling [ANN] sub-forum promoters as scammers (with some criteria) until evidence shows their are legitimate, force migration somewhere else or better solutions I can't come up with atm, weakens the rate of which so much crap is pulled out of thin air.

They should close the alt-coins section , just fake bBTCBTCBTC

To be honest, anyone who sends money to these scams has nobody else to blame, but I am in favour of stricter rules for newbs.

And why the hell are they just posting "take a seat!sent later"

One less victim of scamcoin is another bitcoin/cryptocurrency believer.

I think we as a community must do our best to limit scamcoin's exposure.

To the world at large (i.e. not already into crypto), crypto is 98% bitcoin, 1% litecoin, and 1% dogecoin. The entire rest of the sorry clones could vaporize overnight, and nobody on god''s green earth earth would even notice except those butthurt because they crawled into bed with the wrong scamcoin.

This.

Did someone call the wambulance?  WAAA! WAAA! WAAA!

Disclaimer - Altcoins offer opportunity.

Some opportunities are good, MOST are usually self served interests - ie 21 coin, dogecoin (which gained a ton of support so now its "not all jokes anymore ") and of course the pun on the pun - kitteh coin.

Your call to angry mobs means nothing. Don't like it here, then refrain from going into the places you dislike.

Theymos - probably doesn't really care too much about the forums anymore.  He could skim 10 percent off the donations to the forum and just leave us to our devices without a care less.  You are someone who is whining to them to do something with zero offers of money.  Sorry if that is off putting, but it is the reality.  

Want to find your next opportunity?  Then start backing (mining, or buying from cryptsy) THOSE coins you believe in.  I myself believe in Megacoin, Dogecoin (huge following after all - they try hard to reinforce the concept of giving and crypto awareness) and etherum (means to take the concept of DACs to a real world easy use level)   The more you complain about shit this and shit that...the more they will be made.  Survival of the fittest - and in this case that means having merchant processors, merchants with a wide assortment of goods, and consistent real world marketing (not just stuck in forum-land or on the internet)  Pump N Dump developers will cease to create more clones when it is determined that these newer, tougher barriers to entry are expected.

I agree with the OP, please consider removing Altcoins section all together and make LTC section and Namecoin section only.

I posted a thread a few months ago suggesting a "criteria" list for new alt coins.

The suggestion was appreciated by the moderator, but the issue of censorship came into play so it was not approved.




On second thought, the suggestion above to get rid of it completely makes sense.

After all, this is Bitcoin Talk .   Not alt coins ............................................................................... ...................

Tell me about it.

I'm sorry, but I have to take another road to the back country, and derail this thread a bit.

Why would he accept money from ponzis (Yeah, I'm that kinda guy!) if he knew it could sting Bitcoin's reputation? Plus he's taken money from scams, too! So they could advertise to get more scammy scammy quick bucks.

theymos doesn't give a fuck.he's in on the scams too.