Coin cleansing - page 2. | Bitcointalksearch.org

djsugar

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Quote from: KryptoKai on April 17, 2019, 01:54:06 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

They can't just delist every other shitcoin. First of all what should be criteria to call a coin, a shitcoin. It is a highly debatable topic. Many people have invested in a particular coin and by delisting it suddenly will ruin them. You can't just delist any coin which you think is shit. Exchange definitely have that power. But they should do that to a coin with a minimal exchange volume. Not a coin with thousand of btc volume.
I don't support this.

DBronze98

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Quote from: KryptoKai on April 17, 2019, 01:54:06 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

Binance and other popular exchanges always remove the low liquidity Altcoin. Or Altcoin is no longer potential and does not attract traders to make transactions on Altcoin. Eliminating Altcoin is no longer valuable, making communication better and limiting the risks for all investors using their platform.

steveabrahams

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Quote from: KryptoKai on April 17, 2019, 01:54:06 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

Binance delisted BSV is because of there is a problem with the BSV founder and it's not about coin cleansing imo. I think if there is a problem too on other coins, the ceo binance will delisted the coin too. I love binance though, they really active to kick out all shady coins, props to them.

matchi2011

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Quote from: sammy21 on April 19, 2019, 07:17:03 AM

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Low volume coin never keep in any exchange as BSV delisted from Binance same others exchange delisted. Some new coin has much better performance.

it should be like that, where if they have no interest and very little trading, the assets should be discarded. and some exchanges should also make the same choices as binance.

These pairs are not very active , I think those coins that have ceased to develop then of course they should be removed , as many people will invest and eventually lose their money

Exchange see that coming and they will begin to analyze if the coin still deserve the spot or new one needs to replaced it, for binance they see that the volume is no longer good for this coin, this action will give privilege for newer coins to save the spot and begin to work inside this big exchange.

MonsterV

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Shitcoin removal is very influential for altcoins that are truly real, such as ethereum, ripple, stellar, litecon and others. If this really happens then the shitcoin holder will run to bitcoin or altcoin as I mentioned above, of course there will be a very large pump.
Hopefully this happens, the exchange must indeed filter coins that have become shitcoin.

MRlong

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Seem like other exchanges are following Binance, after BSV being delisted on Binance, I also received email from other exchanges about delisting BSV on their exchanges. Coin cleansing happen day by day but seem like it's not easy to delist all shitcoin out of any exchange cause of huge number of cryptocurrency on crypto market.

tsaroz

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There are different types of exchanges and they serve different people and purpose. For an exchange like binance, Bitcoin SV is a shitcoin. Though it doesn't mean Bitcoin SV is a worthless and dead coin. It would keep on trading on other exchanges.

Rtalk

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Exchanges are a very subtle mechanism.
For money, they can place any shitcoin on their platform...but as soon as there are any disagreements with the team of the coin or when it begins to threaten their reputation-the exchanges publicly begin to "fight the Scam"...how would it sounds funny).
Business and nothing personal as they say....)

Ucy

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A mass delisting would mean the exchanges weren't doing their jobs in the first place. How did they list the coins without them meeting the required standards or even without investigating or researching them?
We probably should consider purging the exchanges for failing to do a thorough job

sujonali1819

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Quote from: KryptoKai on April 17, 2019, 01:54:06 AM

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

Yes, it is normal that when one large exchange takes a decision then rest of exchanges follow the step And yea obviously I think all exchange should collaborate and delist the shitcoin which are inactive and there is no possibility to help crypto by their product or service.

Quote from: KryptoKai on April 17, 2019, 01:54:06 AM

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

Hmm, when the large exchange will fight against the fake and scam project then It will help the crypto economy to find out real project. Hope all exchange will start to fight against the fake project with the large exchange. Thanks

grifinmch

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Coins are useless and will only make a negative in the exchange system so it needs to be cleaned up. We can see a few coins and it must be far away, and for the holder immediately throw away your coins if you don't want to lose more.

GreatArkansas

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Some exchanges also are playing safe, it's not so easy to delist some coins, especially a coin with huge volume but shitcoin. Exchange will lose something if they delist shitcoins, they will not earn money anymore, a lot of people are trading on their exchanges because of those coins. By those shitcoins, the exchange itself also earning money from traders.

SwiggHeart

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That's a great decision if you were making such an opportunity to delist the coin in the exchange because shitcoins nowadays are just growing day by day. And old shitcoins must be delisted.

beerlover

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Quote from: coin-investor on April 17, 2019, 09:31:12 PM

Quote from: KryptoKai on April 17, 2019, 01:54:06 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'm on it, I want coins delisted because we have thousands of useless coins in the market, the market is saturated with useless coins and projects, but in the case of Bitcoin SV it's quite different, they are one of the top coins in the market, I don't know the real issue politics has something to do with it or because members wants to retaliate against Wright. The cryptocurrency has been mired in controversy due to its supporters Craig Wright and Calvin Ayre, who have threatened various members of the community with lawsuits over public claims that Wright is not Satoshi Nakomoto..

Lol. What are you on? Trying to generate list of shitcoins or you want to help flush them out? I am sure what Craig did was at the peak of it, this might not be the only reason used, and he might have also been involved in lots of dirty games they have been overlooking and probably got fed up by this last act of his.

If they don’t quickly break his wing this way, he will end up enriching himself at the detriment of other’s purse, you know how we human behaves, we like to see these genius people like satoshi as small god, and once he does so, anything he ask us to do, we will follow him even if it is wrong.

bering

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Every exchange were done to delisting coins which don't have volume support and usually people will get the notifications which coins will be delisting through an email and exchange more know how to clean their service from dust coin so this is regularly doing for the exchange especially big exchange such as binance

lionheart78

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Quote from: aioc on April 17, 2019, 03:40:30 AM

Exchange should do this from time to time, it's not good that a shitcoins or a coin that was left by the developers still have a place in exchanges, developers should be given a warning that they should shape out or ship out, this will give a warning that they should keep developing their platform and keeps updating their investors.

Actually it is their routine to delist low volume token whether it is a shitcoin or not. Exchanges have certain requirement in its daily volume or monthly volume and if the coin do not met these requirement they will be delisted soon though I think the BSV case is special anyway, they were delisted of a certain grounds and for sure it has no connection to the volume requirement.

icalical

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They already do that, however the not everyone agreed on what are so-called shit coins. Some people trust some project and some other are not. I believeall exchange will delist any coins that seems like does not have any value or coins that have a really low daily volume, or coins from a project that are not comply to their terms and condition.

sammy21

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Low volume coin never keep in any exchange as BSV delisted from Binance same others exchange delisted. Some new coin has much better performance.

it should be like that, where if they have no interest and very little trading, the assets should be discarded. and some exchanges should also make the same choices as binance.

Idoe

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Indeed cleaning the coin needs to be done to avoid undesirable things. Moreover, coins that are unproductive and without enthusiasts, there should be no coins. Exchange policy must indeed be done for the future of the exchange so that it can function in accordance with its objectives.

CryptoIyke

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Certainly the process will be a continuous one, not every coin will last for a lifetime, some will be short lived while others will outlive their expectation. Technology is improving and every project is supposed to solve a particular technology issue, due to the competition and some projects being stronger than others in similar fields, they tend to know of the less stronger ones and this starts by being delisted from certain exchanges and as exchanges develop, they tend to change their criteria on listing

Topic: Coin cleansing - page 2. (Read 686 times)