haha 20 bitcoins to ok the scam coin.. I love it!
Just to be clear 20 BTC doesn't okay a scam, it's just an application fee. A barrier of entry.
If it turns out to be a scam, we keep the 20 BTC, and we destroy the coin.
This just incentivizes the altcoin devs not to scam.
what about coins that are not scams that don't have the money to pay ?
This is just like starting a real business. You do need to get licenses and file for LLC sometimes. That costs money. It keeps the noise out. For anyone not willing to put their money where their mouth with. Then they don't deserve to be starting a coin/business anyhow. I'm sure the more serious people will find a way to put up the money. Which is exactly the effect we want.
If people don't follow the rules, then it's time to come down hard on them.. multi pool attack, DDOS, and even hacking their sites.
what stops the people demanding more and more money so that the persons coin is not destroyed ?
I can see why it is necessary to stop the scams but this will just lead to people extorting money from the devs and the more money that is taken away from the legitimate devs the less they can do to improve there coin
it would be a lot better to have an opt in system where coins can get a rating on how good they are in set category's and they pay x per month to be included on the list most coin devs would pay a small amount to be given a rating on how good there coin is as long as its all done 100% fair as it would bring new users to there coin as they have publicly proven that its not just a pump and dump
if you guys cant be bothered to do this the right way it just proves all you want to do is kill coins and make money from doing it [quote
author=kelsey link=topic=522235.msg5834216#msg5834216 date=1395464910]
Many people are going to have different definitions of what a scamcoin is; mine is simply any coins where it is painfully obvious that the main purpose of creation was to make the dev fiat.
shitcoin; a bad copy paste clone that the "dev" has no idea on how to keep functioning longterm.
for zackclark70's benefit
[/quote]
that is not a defined description of what a scam coin is if people are going to do this they need to have a very defined list of things and each thing scores 1 point and if its over x points its counted as a junk coin as I said I am not 100% against killing the total junk coins but if its going to be done it needs to be done properly !