How ethical is it? | Bitcointalksearch.org

barrett_fire

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Quote from: ridertiger on January 14, 2018, 07:45:12 AM

So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?

I'm still new in the world of crytocurrency. I may not give great advice. The way I understand it though, it can be okay. I once sold a car that had problems. The transmission didn't work properly. The top gear wouldn't work. I listed it on the internet and described all the problems I know about in detail. I immediately got several calls and sold it in the morning. That person will probably have problems with the car in the future. I feel a bit bad, but I was completely transparent in the sale. If somebody wants to buy your ended cryptocurrency and they know what they're getting, I think it's fine.

ridertiger

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Now it seems that there are a lot of swap coins. They are worthless once you miss the swap deadline, so some people may be inclined to sell them.

Dmitry.Vastov

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Quote from: ridertiger on January 14, 2018, 07:45:12 AM

So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?

We all know that bitcoin is a decentralised crypto currency and there is no such authentic regulating body who could keep eyes over bitcoin activities. People mine bitcoins, they comes into circulation and bitcoin then be in to circulation by their buying and selling by the millions of investors around and those countries who has legalised bitcoin have their control over it and those governments then keep eyes over all those activities, so as such bitcoin is not as unethical as people exaggerate it.

BlasterS

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Doing some things which is ethical, gives class to the person and well-mannered.
The people who act in right is a great thing to provide a wonderful icon which will everyone’s will idolize.

gabmen

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Quote from: ridertiger on January 14, 2018, 07:45:12 AM

So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?

Lol. Few people even consider what's going to happen to the buyers. If they want to buy it, then assume that they've made researches and they have their reasons why they want to buy that coins. It's their decision and they're money anyways

m_f_o_c

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It seems to me that it can not be that the buyer does not know that the coins you sell to him no longer have the potential. If someone wants to buy something, then it's important for a person and the token's value is there.

ridertiger

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There is this new thing called coinjanitor or something. They collect old and dead coins, and change them with their own coins, which you can sell.
It sounds great, and people buying the dead coin can sell it this way.

wxa7115

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Quote from: ridertiger on January 14, 2018, 07:45:12 AM

So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?

If the coin is dead and there is no more development of the coin and it has no volume I do think it is unethical to sell the coins since the only ones that could potentially buy the coins are those that do not know what they are doing so you are deceiving them with a coin that has no future, it is way better to just accept the fact that you lost some money and move on.

maximilian4aue

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Quote from: ridertiger on January 14, 2018, 07:45:12 AM

So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?

If you are putting the coin out on an exchange, any potential buyer you puts out buy order may have or should know the status of such coin. I only doubt if there is a way to out out warning to buyers about the coin status.

milewilda

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Quote from: kryptqnick on June 26, 2018, 01:38:43 PM

Quote from: ridertiger on January 14, 2018, 07:45:12 AM

So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?

This coin is hardly traded anymore. There's only Yobit exchange which is a problematic one and Coinexchange which has the trading volume of 9 dollars for this coin. I don't think you can really sell the coins you have, but if you know a person willing to buy them then to make a good ethical choice you have to warn him that you believe the coins are not valid anymore. If he/she doesn't want to buy them, you know that you made the right choice. If she/he does then congrats on your deal. If you want to sell the ended coin on Yobit and so basically not to any specific person then it is completely fine from the ethical point of view, as someone else is willing to buy the coin and you don't know and shouldn't ask about the reasons of this person.

For those people who do mind up on being ethical then most of the time you would definitely warn your potential buyer about the current status of the coin you are selling into.If he decide inspite on having those informations given then its his choice atleast you wont really bare in mind when it comes to your conscience that he might not able to sell out those coins on good rates. Yobit? Then its just like suicide already when you do make already some deposits on this shitty exchange.

kryptqnick

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Quote from: ridertiger on January 14, 2018, 07:45:12 AM

So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?

This coin is hardly traded anymore. There's only Yobit exchange which is a problematic one and Coinexchange which has the trading volume of 9 dollars for this coin. I don't think you can really sell the coins you have, but if you know a person willing to buy them then to make a good ethical choice you have to warn him that you believe the coins are not valid anymore. If he/she doesn't want to buy them, you know that you made the right choice. If she/he does then congrats on your deal. If you want to sell the ended coin on Yobit and so basically not to any specific person then it is completely fine from the ethical point of view, as someone else is willing to buy the coin and you don't know and shouldn't ask about the reasons of this person.

ukloon

sr. member

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One thing you must realise is that this really is the wild wild west, there is not sympathy here in this dog eat dog world. When a coin becomes invalid, dump it asap. Scammers and greed is everywhere so be on your guard and get rid of any worthless coins at any cost.

orions.belt19

full member

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At one end, you can say that selling a dead coin would be unfair to the buyer and at another you can say that the buyer is negligent for not doing his own research. IMO, it would hit my conscience if I were to make such a transaction where my buyer was unaware that he is purchasing a dead coin (unless he truly wanted to despite the disadvantage to it) I would feel guilty because it would be like tricking him into buying something he thought of to have value. However, it may also be said that it’s the buyer’s responsibility to be diligent enough in making such transactions. As far as ethics is concerned, I guess it depends whether there will be an injured party.

tanjilrifat

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Really, in crypto people will buy anything if it can give them profit.Even a dead coin might pump. If you think that you can do like this, then do.

bbcolex

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Investing into crypto is risky, buyers and traders should know about it whenever they decide to buy a coin. Its there own diligence to research about what they purchase but if its someone you knew, and doesnt know a crap on what's he/she is about to buy then try to enlighten them. But would careless if its in a trading platform.

darewaller

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Quote from: hittedbyawhale on April 26, 2018, 11:42:41 AM

Money are money, also the Zclassic is a dead project, but it pumped the 600% in the last two weeks, maybe this coin will die, maybe will find a new team able to keep it up.
That means there is a huge request of this coin, so some people are buying also if they haven't the certainty that this coin will survive.

The market is the market, let the buyers buy, just if they ask you something about the coin, don't lie at all to them.

The explanation the OP gave is not really clear. Where was he trying to sell the coin and who is asking for them ?

Firstly, I am sure anyone who is even asking should be aware of the coin they are buying and if it is on an exchange, and someone is bidding for it, I do not see anything unethical there actually since it is an open market, but in the process of trying to deceive people that it is a real coin, whereas it is a dead one with no market is where the ethics come in.

el kaka22

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Quote from: ridertiger on January 14, 2018, 07:45:12 AM

So, I have some bitcoinred (btcred). I received the new revolution or whatever coins. I am now trying to decide if I should sell my old btcred coins. They 0.20 USD a pop.
I do not want to sell something that if the buyer does not know that they are not valid anymore. On the other hand, you can never be sure. Maybe they wanna buy it anyway.
Any help on the ethical implications of selling an ended coin?

I am not sure what you are saying, but if I get you right, and correct me please if I am wrong, you are saying you are selling btcred to someone who does not know it is a dead coin ?

If this is a live transaction that involves you deceiving the person, then, that is not just unethical, that is a very bad thing to do and unless you really do not have conscience and all you are after is the cash, I wonder how long that would take you before you realize you got it in the wrong way.

cr_liev

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I don't see any problem. You offer, they decide to take this offer or not. You are not responsible for the decisions of other people. You are only responsible for your own decision, in this case, to get rid of the coin you don't need.

IndzheborgC

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https://coinmarketcap.com/currencies/bitcoin-red/#markets

This coin is traded on two exchanges there is in the coinmarketcap.com on sale there is nothing naughty. Turnover is small to sell hard, but in summer it can quite make several X.

sud

sr. member

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There are a lot of dead shitcoins still being traded on some exchanges. Really, in crypto people will buy anything if it can give them profit, and even a dead coin might pump. So if there is an exchange with volume I would say go, make your sell orders and let the market decide if it still has any value.

Topic: How ethical is it? (Read 392 times)