Operation Shitcoin Cleanout and Clean Up Has Begun- Join the Revolution- Re-open - page 28.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: Hippie Tech on May 12, 2014, 11:31:17 AM

Its been over a year since mudda set the precident.

And nothing but newbs peddling shyte ever since. Cry

Well the influx of newbies is what caused all this trouble. They just keep jumping from 1 clone to another. I don't even waste time reading their specifications. Luckily I've found a few that stand out and I'll stick to those.

ecoinspro

member

Activity: 84

Merit: 10

So in your opinion all premined coins are not worthy
while all POW coins that call for a race of who has the most expensive machine are better ?
I personally don't think so

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Lauda on May 12, 2014, 11:09:20 AM

Quote from: Cryddit on May 12, 2014, 10:02:35 AM

The exchanges are part of the problem, really.

The fact is they're accepting bribes to list coins instead of listing coins on the basis of value or utility.

Which means they've made their money regardless of what happens to the coin. They'll keep it on the board until it looks like the devs don't have the wherewithal to bribe them again, then they'll take it down.

The fact that they accept just any random coin is a problem too. The coin usually just gets dumped and a new one made. This has been going on for months now.

The exchanges care only about the money , they won't stop accepting coins just to create a better future with empty pockets

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: judgecrypto on May 12, 2014, 12:46:51 PM

Hi All,

I did an article on Shitcoins... please feel free to review and provide comments!

http://www.judgecrypto.com/1/post/2014/05/what-is-a-shitcoin.html

Judge Crypto

Great article ! Thanks !

Funny how, I just finished answering the same question. heh..

Quote from: Hippie Tech on May 12, 2014, 05:04:21 PM

Quote from: coinjohn on May 12, 2014, 01:32:26 PM

Hippie Tech i would actually take you up on your suggestion, can you write down what defines a shitcoin from a good coin?

Hi coinjohn.

Is the dev/coin :

a forum Newbie/ Jr. Member ?
open to the public's input ?
accountable ?
trustworthy ?
innovative ?
fair to the early adopters and investors ?
friendly to the parasitic multi pools ?

judgecrypto

full member

Activity: 238

Merit: 100

Hi All,

I did an article on Shitcoins... please feel free to review and provide comments!

http://www.judgecrypto.com/1/post/2014/05/what-is-a-shitcoin.html

Judge Crypto

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: Lauda on May 12, 2014, 11:09:20 AM

Quote from: Cryddit on May 12, 2014, 10:02:35 AM

The exchanges are part of the problem, really.

The fact is they're accepting bribes to list coins instead of listing coins on the basis of value or utility.

Which means they've made their money regardless of what happens to the coin. They'll keep it on the board until it looks like the devs don't have the wherewithal to bribe them again, then they'll take it down.

The fact that they accept just any random coin is a problem too. The coin usually just gets dumped and a new one made. This has been going on for months now.

Its been over a year since mudda set the precident.

And nothing but newbs peddling shyte ever since. Cry

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: Cryddit on May 12, 2014, 10:02:35 AM

The exchanges are part of the problem, really.

The fact is they're accepting bribes to list coins instead of listing coins on the basis of value or utility.

Which means they've made their money regardless of what happens to the coin. They'll keep it on the board until it looks like the devs don't have the wherewithal to bribe them again, then they'll take it down.

The fact that they accept just any random coin is a problem too. The coin usually just gets dumped and a new one made. This has been going on for months now.

acs267

hero member

Activity: 644

Merit: 500

wow.

This revolution sure is making a lot of progress. Over eighty pages. No clean up. By the way, Mudda, how is Memecoin going?

Cryddit

legendary

Activity: 924

Merit: 1132

The exchanges are part of the problem, really.

The fact is they're accepting bribes to list coins instead of listing coins on the basis of value or utility.

Which means they've made their money regardless of what happens to the coin. They'll keep it on the board until it looks like the devs don't have the wherewithal to bribe them again, then they'll take it down.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: sonysasankan on May 12, 2014, 01:35:37 AM

Quote from: niothor on May 11, 2014, 08:23:25 AM

So , have any coins been clean out ?
Any update or example of real work done against this clones and scams?

I think the thread started out as warning to shitcoin developers, and then later evolved into spoetnic's blog Grin

The rise of the shitcoin empire is too big to take down by a sniper. It needs time to collapse in its own weight. The scaling of the ever growing exchanges will deem unprofitable at some point and it will make economic sense to be choosy. That will organically reflect in the un-profitability of churning out shitcoins. In other words, the production of low mileage cars will phase out as the price of oil increases. I say it will be atleast a year before the exchanges wisen up.

Now if only Poloniex would list freebiecoins Wink

Three is another possibility.. which can drown all the altcoins.
If btc drops to 100 , let's see who will mine them , or use them altogether

But , i really don't wanna see that happening.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: spring.yu on May 12, 2014, 03:24:09 AM

I'm not against nation crypto concept or premines in a context that make sense. BTCI think some of these may be legitimate and could help increase Bitcoin adoption rate and bring the crypto idea to the general population. :-*They could serve an interesting agenda of decentralization. Mazacoin made false claims that lead people to invest based on lies.

And the failure of those coisn and the scams behind them will make people think that the even btc is a scam

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

I think the spread between the real coins and the shit coins is getting ever more and more separated. It seems to me only newbies wanting to "get rich quick" are investing in shitcoins. And it is true, it is an amazing get rich quick scheme, but for the developer and people that are a part of the pump. I definitely don't like investing in shitcoins. Way too many bag holders.

But again, the divide between the real deal and the fakes is getting ever more apparent. As time goes on, I think it will be harder and harder to break into the top 10, but the real trick is staying there. It seems that their are at least 5 coins that month in and month out are in the top 10. The other places in the top 10 (usually on the lower half) are reserved for the shit coin pump of the week or month.

The way I see it, the longer a coin has been in the top 10, the longer its chances are of staying there. Especially the coins that somehow get into the top 10 overnight, are especially prone to being out of it very quickly too.

spring.yu

member

Activity: 115

Merit: 10

Cryptocurrencies is future

I'm not against nation crypto concept or premines in a context that make sense. BTCI think some of these may be legitimate and could help increase Bitcoin adoption rate and bring the crypto idea to the general population. :-*They could serve an interesting agenda of decentralization. Mazacoin made false claims that lead people to invest based on lies.

sonysasankan

sr. member

Activity: 280

Merit: 250

Quote from: niothor on May 11, 2014, 08:23:25 AM

So , have any coins been clean out ?
Any update or example of real work done against this clones and scams?

I think the thread started out as warning to shitcoin developers, and then later evolved into spoetnic's blog Grin

The rise of the shitcoin empire is too big to take down by a sniper. It needs time to collapse in its own weight. The scaling of the ever growing exchanges will deem unprofitable at some point and it will make economic sense to be choosy. That will organically reflect in the un-profitability of churning out shitcoins. In other words, the production of low mileage cars will phase out as the price of oil increases. I say it will be atleast a year before the exchanges wisen up.

Now if only Poloniex would list freebiecoins Wink

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: niothor on May 11, 2014, 08:23:25 AM

So , have any coins been clean out ?
Any update or example of real work done against this clones and scams?

Like this ? Grin

Quote from: LiQio on January 23, 2014, 05:17:55 AM

Quote from: Hippie Tech on January 23, 2014, 04:03:11 AM

hmmm... I thought FC was Perez ...

FrictionlessCoin has a lot of ~~personalities~~ accounts, this is a hard fact...

Maybe he confuses them sometimes...
You know with all the scams, lies, insults, etc. he runs at the same time mixups can happen Wink

This dev has too many shitcoins. Roll Eyes

ddnn46

member

Activity: 100

Merit: 10

A3Coin
Sunflowercoin

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

So , have any coins been clean out ?
Any update or example of real work done against this clones and scams?

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: muddafudda on May 10, 2014, 02:28:30 PM

Quote from: KeyserSozeMC on May 10, 2014, 02:15:59 PM

OrangeCoin.

.5% is too small. Looking for heavily premined coins with useless devs that usually involve an IPO followed by lack of services.

You can look at this website http://mapofcoins.com/ (as it has near 400 coins listed). I'm pretty sure that over half are scam coins.

Cryddit

legendary

Activity: 924

Merit: 1132

I observed AUR with zero market cap today. That's kind of a spectacular crash; whom should we be thanking?

muddafudda

legendary

Activity: 1008

Merit: 1022

Quote from: KeyserSozeMC on May 10, 2014, 02:15:59 PM

OrangeCoin.

.5% is too small. Looking for heavily premined coins with useless devs that usually involve an IPO followed by lack of services.

Topic: Operation Shitcoin Cleanout and Clean Up Has Begun- Join the Revolution- Re-open - page 28. (Read 176798 times)