Im all for keeping the Alt Coin section, Im of the mind set that, its still currently the most informative place to find out about new coins and shouldnt be removed until its not actually being used. If people are concerned about the posts in it then they shouldn't shut it, they should get some people to moderate it more often.
I used to run a forum with about 300 members and that was time consuming, I had 4 staff members and we used to be snowed under with moderation work, I'd hate to see what the current guys (and girls?) go through with 229,131 members! So i understand the work load (on a much lighter scale!!)
theymos post was very contradictory if you ask me, first its most threads then you can have a give away thread but not give people an incentive to post in the thread (so you could post a give away, link to it, then just discuss the giveaway in the thread, this technically would be ok going by his post if you stop reading at that point) then at the end he decides to ban them entirely! the guy changes his mind more than i do!
Most giveaway threads are no longer allowed in the Alternate cryptocurrencies sections. From now on, posting or replying to such threads could result in being banned. Existing threads will be locked.
Specifically, you are not allowed to give people any incentive to post insubstantial posts in your threads. You can't offer to pay people who post their addresses, usernames, etc. You can do giveaways off-site and link to the giveaway page in a thread, but you can't give people any bonus for replying to your thread.
Similar threads are already restricted to Games and Rounds in the non-altcoin sections, but the giveaway-related post volume is so high in the altcoin sections that I've decided to just ban them entirely here.
the main problem i used to have on my forum was actually getting a clear defined set of rules, but once they were in place it made modding the forums much easier for new staff members that took over from old ones.
I think more Mods and a clear rule set is whats needed - not closing the section and running from the problem (after all the altcoin section is the most active section, if I had this many threads/posts on a daily basis, i would stick in an advert and then offer payment to the mods - nothing major but an incentive to actually take on the responsibility.