well for one thing it's a chain reaction i think..
mass coin cloning has caused a lot of guys to quit this shit.
so if they quit prices are going to tank as they cash out and often rip someone off on the way out the door (lot of so called hacks have happened)
Mark i think realized his mountain was cracking and he had to cash out while BTC was still high and she set it all in motion.. on purpose.
and honestly i'd prob do the same.. it's logical.
-snip-
no way to fix it with out regulation.. and it's NOT coming !
i have said it, over and over like a broken record and i am right and you will all see and i will say i told you so once again.
and i also said no one will accept responsibility for it either.. Exchanges and pools will say "user demand" and users will point the finger at others.
i called it last year.. and that is precisely what is happening RIGHT NOW !
You're actually right, it is a chain reaction. Look at it this way, there is a group of scammers here. They keep copying coins and releasing them under different names/specifications. The forum does nothing to prevent this. Exchanges do nothing either, pools nobody. Exchanges accept the coins because the users demand it, the users then point the finger somewhere else and it goes into a circle.
Nobody is putting a stop to it. Even if we put very very tight restrictions on coin releases here, there will be no damage to possible innovation.
A coin that is worth anyone's time and has desirable features could still be released after a review of some sorts.
well said and i think the greed guys over power is by sheer numbers.. there is too many of them.
and it's too easy or has been in the past to jump on every coin (for profit)
so a smaller minority can have all the grandest good intentions in the world but it just simply won't matter..
the weight and momentum and power of the greedy pulls down all of us like a current pulling people under water.. no avoiding it sadly !
And i heard the majority of guys get mind shatteringly shockingly fucking mouthy with me ALL along about this too.
Anytime i went on to say there supporting clones is going to kill our scene bad i got ganged up on by everyone BIG TIME !
ALL of them admitted word for word "they mine every coin that comes along for profit"
Well congrats guys you destroyed our scene bad
..and it's going to get worse.And i hope you guys enjoyed mouthing me off when i warned you too because now i am laughing at you all i recall by name saying,
I TOLD YOU SO !I couldn't believe these guys admitting their cancer head bullshit and then trying to defend it.. NOW they realize they fucked.. and bad
and that big Troll Spoetnik was 10000000000% correct and warned us all
I think the turning point was Scrypt Asics too.. us smart guys knew damn well it was going to slaughter 99% of scrypt coins values.. and it did !
Making a greedy device for greedy purposes just accelerated our surge downward !And yet again the majority of our scene romped around mouthing me off arguing saying Scrypt Asics will increase prices and i agreed a *bit
thinking it will help the top 3 maybe.. and shit, it hasn't even done that really LOL
THERE IS A LOT OF WRONG PEOPLE that are still here and many more that are smart and sold out and left long ago.
They know too i talked to tons of them over and over like a broken record.
Other than trying out ipominer pool with some auto port auto coins elected mining with scrypt i have tried to choose a good coin to support.
I have tried to be apart of the solution not the problem and i don't think we can do much more than that.
The tag team tandem of Bittrex and Ipominer adding and removing new coins so fast made it almost impossible for me to get the minimum withdrawal amount
sent to bittrex from the pool to dump with the greedy assholes (as an experiment) and often the coins were removed with a day or two of me selling me for 2 cents worth of coins LOL
I was waaaaaay too small a miner to get in on their scammy bullshit !
my experiment failed.
anyway what ever..
all we can do is try and be a good crypto guy when the doors are closed and no one is looking.
But if we can't stop them like Lauda eluded to to or "they" don't go away on their own we're fucked and doomed sadly.
i urge people for their own profits sake to do the right thing.. it will earn you more money !
And hell i could be a liar and saying shit here then doing the opposite who woudl know ?
We have to do what is right when we are alone and no is looking or watching.. all the talk in the world won't mean anything.. ACTIONS do !
and that goes for ALL of us too not just end users.. cough cough Pools / exchanges etc
