Topic: [ANN]DeleteCoin ***GET IN WHILE YOU STILL CAN **** - page 4. (Read 36263 times)

Proposed coins for first 10 listed, simply grabbing the lowest volume from CoinMarketCap

    NoodlyAppendageCoin
    BellaCoin
    Credits
    Zeuscoin   
    ORObit   
    LeproCoin   
    FoxCoin   
    Magic Internet Money
    Emucoin     
    Skeincoin
    Aliencoin

Why do you keep changing the name of the thread? It's very annoying.

I like this concept if it works

Alright guys, the exchange is almost ready to start. We are going to start with 10 coins and progress from there. What I need is suggestions for 10 coins to start so we can start testing the process. We will progress from there but we would like to keep it small while it is still kind of in the POC. That being said, please post any coins, with any form of active exchange, here in this thread and we will go from there. What we are going to do is allow for an auto delete function which people can submit direct exchange. We may have to rework the math a bit at the start until we can get the volume up on ALTS as well as the overall value of Delete up. AS of right now, if some alt is at 1 Satoshi, and they have 1,500 worth 1 Delete, math simply does not work for them it they will not sell. We may have to increase it to match current market prices but that will be tested/changed as we progress.

ok, delete all the coin.
such as cent...

ok, delete all the coin.
such as cent...

目前国内的形式就那样了，，还不如在国外网站交易，
https://www.swisscex.com/market/DEL_BTC

when will this coin be added into a Chinese exchange?

Big news coming. Finalizing the plan for the exchange and to start voting for coins to delete.

https://www.swisscex.com/market/DEL_BTC

where can i get the deletecoin,i have some ltc,who want to exchange it,thank you

Another thought I was having.  Obviously the details of how this whole system is gonna work are still up in the air a bit, but I would be careful about overly-automating the whole process of buying alts/dumping alts/buying DEL/deleting DEL.  This system needs to have some unpredictability and randomness to it or it will never work and will be abused by traders.

Here is what I mean.

Say I am some poor schmuck stuck with loads of Shitcoin #112.  Now, I do a bit of math based on the exchange rates for DEL you posted and all of a sudden I realize, hey, if I just swap my bag of Shitcoin #112 with the DEL devs, the DEL I get will trade for twice the BTC I would get if I just dumped Shitcoin #112 on the exchange!  Well, I might as well just dump this DEL, keep half the BTC, and since I know how much of Shitcoin #112 I just sold you, I can take my profits and put in some low orders and get my bag of Shitcoin #112 back again when they dump it.  Then I'll trade my reacquired bag of Shitcoin #112 for DEL...................................I think you know where I am going with this.

As hard as trust is to come by in this world, for this project to succeed the community needs to trust the development team here a bit and let certain things be unknowns.  What if it was revealed that the DEL devs held 25% of Shitcoin #112?  Well it would certainly hold the price of that coin down momentarily, but all you will have is traders jockeying to get really low buy orders in to scoop those coins back up crazy cheap for the inevitable dump by DEL devs.

Even worse would be if dump alt day and buy DEL day had some sort of pattern or happened on the same day of the week.  On dump day, all the traders are slipping in really low buy orders.  On buy DEL day, all of the a sudden all the low DEL sell orders are cancelled.  Then, all the traders are just selling you back the same coins every week!

I am sure many other situations can be imagined.  If the rate of trade between shitcoins/DEL is 100% predictable and calculable, if the DEL team is 100% open about what coins they are currently holding and in what quantity, and if the dumps/buy ups happen with any sort of regularity or predictability, you aren't helping to destroy shitcoins.  You are creating a wealth of information that any trader worth their salt will exploit to the fullest.

My opinion is some randomness and unpredictable needs to be introduced here.  The calculations included in the ANN on exchanging your alts for DEL, well maybe fine as a base, cannot be that predictable.  Perhaps some way to randomize the reward for exchanging your alts.  You might get 100% of the DEL you are owed based on those calculations, but that is just the average.  Based on some sort of random factor, you may only get 33% of that figure, or 75%, or 140%, or 300%.  Can't be sure.

And while I think the amount of DEL distributed through trading for unwanted alts should be revealed for all to see, I don't think anyone but the DEL devs should know what coins they are holding.

Dumps and buys entirely random.  Maybe 3-4 dumps one week, 0 the next, 2 the next.  Same patterns with the buys, random and unpredictable.

In regards to both of these, here is another change we are contemplating implementing but it will be down the road. As we continue to increase value, we may allow for sell orders to be placed on the exchange (once implemented). At that point we would allow voting based on volume and what coins people think are the most appropriate to focus on. From there, we can systematically attack each coin on an individual basis and allow for a much quicker death to most

I think this coin has fantastic potential. It has and will continue to have my full support.

Thanks for all the input guys. I can let you know this, my team and I are working several avenues to address this process and acquire alts. As of right now we are hoping to build value and work on the exchange aspect, which in the end, will ensure the premine is not being dumped as it will be placed within the exchange for an automated process. As I said we are in talks with a few exchanges trying to find the right fit, worst case scenario we will commission our own.

My opinion, dev should use some of the premine to run a giveaway of say, 50k DEL.  Run a few week long vote on which coins deserve to be deleted the most.  Every coin is on the table.  Each coin gets its own corresponding unspendable DEL address (they are the first to be deleted).  Purpose of the giveaway is to allow people to vote without having to mine or buy any, in the interest of fairness.  But every DEL you mine or buy gives you more votes.  Every DEL you delete equals a vote.  After a set time frame, the top 25-50 coins that are voted for being deleted are deemed to be the targets of DEL.

Possibly revisit this voting scheme every 2-3 months to allow new coins to enter the crosshairs, and old coins the community has changed its mind on to no longer be targets.

Consider my suggest, dev a change system to other coins or a voting system to decide which coins should be deleted?

This is not about creating anything, it is all about destruction.

While this may not be as noble a deed as helping the homeless, I think it does a good deed to the crypto community at large.  The more shitcoins that get suppressed, the less newbies get suckered into pump and dump schemes, and the more BTC flows into the quality coins.