Topic: Don't want 10-20 new shitcoins a day - read this (Read 3423 times)

Hmmn  There are good points on both sides ....Maybe a voluntary system of verified accounts ...when a new account has the option to verify their identity which could remain private unless a scam had been perpetrated.

^^^
this

there should be a trusted group who reads the codes and evaluates the coins. That group should be donated to for their work. I support that.



besides that: why should a new coin have so much value at all? I think new coins should be looked at differently. Your bids are way too high at the exchanges for new coins.

how about before a brand new dev launches a coin, it can get vetted and approved by a diverse group of community members.  This check could be voluntary but could be like stamp of pseudo approval.  All others who wish to launch/ANN new coins are free to do so and people just need to take some personal responsibility when investing.       

you people are idiots for mining and buying shitcoins that are instamined and dumped. Don't cry for the authorities to give you boundaries but grow the fuck up and mine/buy/trade a coin which is not a scam.

First you support the crap and then you cry? Are you serious?


Just in case you have no brain and need someone to tell you: don't touch  coins that are mined out within days. very simple.

A review panel here and/or minimum requirements to post a new coin launch are some of the options to minimize all this stupid scam coins.

Is this even practical? As much as I hate seeing all these scamcoins, I'm not sure if this would solve the issue. All you have to do is buy an account.

I don't think we really can change the growth of the altcoin "industry", per the nature of a cryptocurrency. It's so decentralized, one may be created and marketed at any time. And, there are so many niches to which a coin can be applied (not to mention how easy it is to build a coin) that there's no way of easily inhibiting the development of pointless altcoins, however spammy they may be.

education is all thats needed.

no fancy rules needed.
no secret clubs.
no illuminati handshakes.

turn on the light of truth and watch the roaches scatter.

teach people why its fucking stupid to bother with a one day pow/instamine/bittrex dump/x11 clone so they know not to do it.

forum administration and exchange personnel are not going to the job. the community has to do it.

fuck new coin devs. make them work for this money.

A tad more extreme than I'd prefer. And all it would result in is a competing forum for alt coin announcements.

What I tend to suggest is more education, people posting when a coin looks shady, pointing out red flags, and so on. Although unfortunately that quite often seems to turn into FUD campaigns instead ... giant red text, memes, insults, etc. It turns into noise, which people just drown out. Still, it can help (if people post sensible comments) and some ICOs and coins fall apart when valid criticisms are made.

I also differentiate between scamcoins and shitcoins personally, although I expect many here don't. A plain coin that many here consider a shitcoin, noise, or whatever, tends to be rather harmless if it doesn't have a premine. People get into an uproar over the number of coins being released, maybe thinking they are taking attention/funds away from their own, better investments. But in reality, the marketplace decides, and most of the time those coins just die off on their own ... so to me, they are hardly the biggest problem here.

It's when devs run off, devs dump with giant premines, hidden or not, don't deliver ico coins, promise features and don't come close to delivering... that it's a problem. And besides education and pointing out red flags, I'm not so sure there is an easy solution to those issues.

I gotta hand it to you, you've compiled a solid argument. I have to agree with you on all points. It will hurt more than it will help. The only solution is to ban announcements on this forum entirely.

Mixed feelings about this. On one hand, I certainly wouldn't mind seeing less coins pumped out, and for the ones being released, more high quality coins. But at the same time, I'd probably be against this idea. The reason being, I don't think it'd really help.

First off, some coins probably would go to a competing forum for alt coin announcements. And some real devs would suffer because they couldn't make an announcement until that 200 post requirement.

But that's not the real problem. I think we'd simply get a sockpuppet problem instead. Devs would build up accounts, or hire people to make accounts, just to get to whatever requirement is needed. I can see people here simply hiring themselves out as 'account makers'. Sure, I guess it could cut down a small bit on new coins, but I don't think there would be as much benefit as people expect.

What we really need is more exchange accountability.  If an exchange releases a coin with a hidden premine/shady code, they really need to be pay the consequences for not being more thorough -- when I say 'pay', I mean more bad publicity and therefore less profit for them.

There is also the issue of investors not really being accountable enough either. Way too many people buy up coins as soon as they are released on an exchange, even if they have tons of red flags, then complain they were scammed. Sure, there are way too many scams here, but in the end, greed seems to overwhelm people's good sense here too often.

+100500!

STOP SHITCOINS ATTACK AND NEWBIE DEVS!!!

+1

spaghetti

agreed and you know this gets posted non stop right ?

this one was MOVED to the "meta" forum section..

Petition to introduce minimum activity count for ANN thread starters

Brilliant idea, lets set the standard even higher though. Only central governments or banks. Cryptocurrency is about centralization of power to a small number of people anyway right? 

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Great idea, but I would set the standard even higher. Only Senior or Hero members.

when you see a shitcoin shoot it in the head!

+1

i think it's easy to achieve 200 posts
maybe a rule related to users level in bitcointalk