[IDEEA] Relative simple ideea to stop pump 'n dumps

willhash4food

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Activity: 112

Merit: 10

Quote from: qiuness on May 30, 2013, 04:27:39 PM

I thought about this quite a lot since this hurts the altcoin market.

Anyway to the ideea:
Using some fancy scrypting we could have the exchange sites read bitcointalk when a new coin is announced and watch for the block creation. When it hits 100 it enables trading, thus stabilizing the price quickly.

I couldn't agree more. But not in the sense of stopping pump and dumps... in the sense of eliminating shit coins all together. If all coins go immediately to an exchange, developers will have more to think about when working on coin ideas.

As coins with lack-of-interest die and start piling up on the exchange with no activity, it will give more incentive to create new ones that maintain long-term trading.

nfuse

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Merit: 10

maybe a limit on max coins to sell @ once per user?

fran2k

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Activity: 784

Merit: 500

Quote from: com911 on May 30, 2013, 04:29:57 PM

Quote from: qiuness on May 30, 2013, 04:27:39 PM

I thought about this quite a lot since this hurts the altcoin market.

Anyway to the ideea:
Using some fancy scrypting we could have the exchange sites read bitcointalk when a new coin is announced and watch for the block creation. When it hits 100 it enables trading, thus stabilizing the price quickly.

~50 (+3 every day) currencies at exchange? Which exchange site will adopt it? Grin

Cryptsy?

BrewCrewFan

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Merit: 501

never mind

Barnacle_Ed

sr. member

Activity: 271

Merit: 250

Quote from: vinne81 on May 30, 2013, 04:34:45 PM

True, what can one do about it

Splti up Alt Cryptos on this forum in

coins < 3 months
coins > 3 months

?

This would be simple to do if each coin's announcement thread title was in a uniform format, which would make finding the timestamp for each coin's creation a simple ordeal.As-is, there's quite a bit of guesswork since the formats are all over the place...you can't even just grep for the keyword "ANN" and see if the word "coin" is in the title, since not all announcement threads use the ANN tag.

I've been fiddling with a tweak to my "coin popularity" script that will automatically find the names of all coins, so I'm hitting the above problem already. I think something like this could have merit, separating out the more-established altchains from the pump-n-dumps.

vinne81

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Activity: 182

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Quote from: Barnacle_Ed on May 30, 2013, 04:32:43 PM

Quote from: Hydroponica on May 30, 2013, 04:31:00 PM

I have a much simpler solution. If there are no buyers, there can be no dump

There will always be buyers...everyone and his grandmother wants to hop aboard the shortbus of a new coin in vague hopes that it turns into a rocket ship someday. Inevitability of free market.

True, what can one do about it

Splti up Alt Cryptos on this forum in

coins < 3 months
coins > 3 months

?

Barnacle_Ed

sr. member

Activity: 271

Merit: 250

Quote from: Hydroponica on May 30, 2013, 04:31:00 PM

I have a much simpler solution. If there are no buyers, there can be no dump

There will always be buyers...everyone and his grandmother wants to hop aboard the shortbus of a new coin in vague hopes that it turns into a rocket ship someday. Inevitability of free market.

Hydroponica

full member

Activity: 182

Merit: 100

fml

I have a much simpler solution. If there are no buyers, there can be no dump

com911

hero member

Activity: 518

Merit: 500

Quote from: qiuness on May 30, 2013, 04:27:39 PM

I thought about this quite a lot since this hurts the altcoin market.

Anyway to the ideea:
Using some fancy scrypting we could have the exchange sites read bitcointalk when a new coin is announced and watch for the block creation. When it hits 100 it enables trading, thus stabilizing the price quickly.

~50 (+3 every day) currencies at exchange? Which exchange site will adopt it? Grin

qiuness

hero member

Activity: 714

Merit: 500

I thought about this quite a lot since this hurts the altcoin market.

Anyway to the ideea:
Using some fancy scrypting we could have the exchange sites read bitcointalk when a new coin is announced and watch for the block creation. When it hits 100 it enables trading, thus stabilizing the price quickly.

Topic: [IDEEA] Relative simple ideea to stop pump 'n dumps (Read 623 times)