Coin cleansing | Bitcointalksearch.org

faceoff97

full member

Activity: 644

Merit: 113

Quote from: KryptoKai on April 17, 2019, 02:54:06 AM

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

Time will really come that a coin will eventually vanish specially those coins which people have no interest. Once a coin could no longer be found to be developing, it will surely get delisted. Even without delisting, coins with no demand is still useless even though it is in an exchange. It's really better to see fewer coin that really has potential than seeing many shits coin, but time will come that it will surely happen.

Rtalk

jr. member

Activity: 420

Merit: 1

Quote from: pixie85 on April 21, 2019, 03:09:01 PM

I don't like shitcoins but delisting is usually unnecessary even delisting of a coin run by an angry liar like faketoshi. If people don't like the coin they should vote on it by dumping and not buying it. They shouldn't look for higher power to remove the coin for them.

Exchanges are abusing their power by delisting traded coins and forcing people's hand to dump before they are no longer able to.

The most interesting thing in this story is that the Binance exchange voluntarily added the BSV coin to its platform....and then abruptly removed and allegedly began to fight with shitcoins.
This is contrary to the policy of the exchange itself.They allegedly check the project for fraud before you add to the exchange,then it turns out that this is a useless coin.

pixie85

hero member

Activity: 2170

Merit: 528

I don't like shitcoins but delisting is usually unnecessary even delisting of a coin run by an angry liar like faketoshi. If people don't like the coin they should vote on it by dumping and not buying it. They shouldn't look for higher power to remove the coin for them.

Exchanges are abusing their power by delisting traded coins and forcing people's hand to dump before they are no longer able to.

Emperor of Man

hero member

Activity: 886

Merit: 510

Delisting always happens, and although it's not pleasant and it's scary, it needs to happen so that the crypto world can focus on the best projects.

Most of the times it's a right decision based on low trade volume and inactivity of the project, but sometimes it's based on other reasons like legal obligations or even competition, and it's not likable. Metal got delisted from bittrex for legal reasons, and dumped hard. When it came around and got re-listed it never recovered to the old prices, and it's sad for a good project...

Necroface

full member

Activity: 518

Merit: 102

simply getting the job done

nobody cares of decentralitation, everybody just check what they earn. we find a decentralitated coin if we need one, do not worry. if it is just a shit, no need to make dirt around.

sctunter

member

Activity: 406

Merit: 11

it will dissapear when all the trader stop doing sell and buy (trading) on that coin
so basically no need to delisting. it will dissapear by it self

Mr.Noda

member

Activity: 1344

Merit: 10

Cleaning coins is a common practice on the stock exchanges. The fact that Binans captured the market is a fact but also remember that it cannot always be at the helm.

BitcoinCazh

full member

Activity: 532

Merit: 100

sure, that is must to do, because we need coins with high volume transaction, when in the market have shit coins at there is for what?, Exchanges should delist shitcoins, and change it with popular coins

rocku12345

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Activity: 882

Merit: 518

Quote from: KryptoKai on April 17, 2019, 02:54:06 AM

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

Yes, they should. Communities have to produce some tactics to make 'pool' of valuable coins and promote them. Such politics will be better for whole crypto world future. If society wants to see some independent economic sphere, then it is obligatory to have strong players along fiat money.

sumangs

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Activity: 644

Merit: 101

Exchanges should delist cryptos that have volumes ranging $0 to $100 since it has no sense keeping them on exchange and as well confusing new traders that buys a shitcoin and not knowing that the coin is irrelevant to hold anymore.

zgrdyg

full member

Activity: 602

Merit: 105

Quote from: KryptoKai on April 17, 2019, 02:54:06 AM

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

If they do such a thing crypto community would take a hit. We all have shitcoins and delisting of them is just a hit to holders not project itself.

They just stop adding shitcoins to their exchanges.

bigmelons25

member

Activity: 240

Merit: 10

Quote from: Papcio77 on April 21, 2019, 02:07:50 AM

Yes, they should elimate those coin that not being tradable for a moment. They need to maintain their reputation so delisting is one of the way to do that. They just need coins that can give volume for their exchange. Limit the token listed, its always better to have few but have millions of dollar are circulating

The problem is that bitcoin SV still had a lot of trading volume. It was removed on binance over personal reasons, it was an attack on the founders on the coin. This sets a very dangerous situation where some exchanges decide to flex their muscles too much.

Doging

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Activity: 1036

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Quote from: KryptoKai on April 17, 2019, 02:54:06 AM

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

I agree with you, this is very bad for decentralization. What a good coin, and what a bad coin - crypto community should decide, not a separate exchange. At the same time, a centralized exchange has the full right to exclude from listing any asset at its discretion ...

futile-resistance

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Activity: 840

Merit: 516

Quote from: pooh95 on April 19, 2019, 03:44:18 AM

Quote from: smyslov on April 17, 2019, 11:56:39 AM

Quote from: KryptoKai on April 17, 2019, 02:54:06 AM

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

I am ok with this so-called coin cleansing, which is delisting shitcoins and coins that do not deliver volume and their roadmap, we can get rid of useless coins in the market, and it will not be used in the pump and dump scheme by some traders, but I doubt if they can collaborate with delisting, each exchange are minding their own business.

I also believe that the time has come to get rid of empty coins that simply collected money and did not do any work without following the roadmap. Now there are a lot of them, I think that such a measure, as their removal from trade, will have a positive impact on the entire cryptoindustry.

I wish their move to delist BSV was a move to delist all other shitcoins but I think it only affect BSV, most of the coin that are being delisted in the past by these exchanges is not because they have been performing woefully but probably they failed in their dues.

We are still very far from getting rid of shitcoins, if exchanges are really serious with delisting shitcoins other than the personal issues they are having with BSV, then time will tell, I should expect other coins too to also follow after BSV, but if they delist BSV and takes no further action in getting rid of similar ones, then I will conclude that they were biased in their judgment and the issue they have with BSV is personal and not for the interest of the community.

ParabellumLite

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Quote from: KryptoKai on April 17, 2019, 02:54:06 AM

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

The exchange still informs the altcoin delist daily. And depending on the requirements of each exchange, they will come up with a separate regulation, so if it is really shitcoin, all exchange will gradually delist it.

KrakenZ

jr. member

Activity: 145

Merit: 1

I agree with binance steps that have started to clean up coins that are included in shitcoin. Iit's better for useless coins to be removed from the market than to make the market full of garbage. In the absence of this shitcoin, the crypto currency market can be more active and reliable. In addition, to receive new coins on exchange sites must also be more selective so that the coins on the market are really potential and useful coins. I am sure that if the crypto currency market is only filled with potential coins, the market will develop faster and more stable.

bittamak

sr. member

Activity: 444

Merit: 250

Not talking of a specific coin but centralized exchanges works in a way what works better for them to list/de-list a coin.

tunapa

jr. member

Activity: 667

Merit: 1

its not just a coin cleansing, people need to learn from this event because it was just like a drama and it resulted in delisting of BSV. anyone that thinks he can bring down bitcoin to promote his own project is going to end up like BSV. more of this is going to happen. fake projects should be get rid of in this space so good ones will be able to make their impact.

Wawa2013

sr. member

Activity: 1666

Merit: 268

Well cleaning coins on an exchange is often done if the coin does not meet the requirements anymore because the volume is very low or something else that causes the coin to be removed from an exchange, so traders can trade with really good coins

Papcio77

sr. member

Activity: 841

Merit: 251

Yes, they should elimate those coin that not being tradable for a moment. They need to maintain their reputation so delisting is one of the way to do that. They just need coins that can give volume for their exchange. Limit the token listed, its always better to have few but have millions of dollar are circulating

Topic: Coin cleansing (Read 667 times)