Scams were good for crypto | Bitcointalksearch.org

tspacepilot

legendary

Activity: 1456

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I may write code in exchange for bitcoins.

Quote from: HCLivess on July 14, 2015, 04:07:26 AM

Quote from: ethought on July 08, 2015, 12:26:58 PM

Quote from: El Dude on July 08, 2015, 04:51:43 AM

The noobs who got scammed left crypto for good. Scams turn away newbies and that's bad.

Agreed.

Several people I introduced to alt cryptos got burned and will likely never be back.

Let natural selection take place

Natural selection will take place whether or not you "let it". That's by definition.

OP has an okay point, it is a good thing to see a community get stronger and wiser, but it's not a good thing to see people get hurt. Unfortunately, oftentimes people have to learn the hard way. There's a lot of discussion in meta these days about how the "scambusters" of default trust are actually causing more harm than good not only because of all the stuff they get wrong (false accusations and whatnot) but because the little green trust light offers a false sense of security to people who ought to be making decisions more critically.

TibanneCat

full member

Activity: 210

Merit: 100

BTC > etc

Quote from: Spoetnik on July 13, 2015, 02:34:01 PM

The scam coins have turned this entire crypto currency scene including Bitcoin itself into a complete joke.. damaged reputations galore.
I think this has hurt us all at drawing in reputable people to invest or take part in the currency aspect etc.

I think you guys defending the shit coins are idiots and your so full of shit it's not even funny !
You guys try sooooo fucking hard to try and twist shit around to defend the crap coins but you got nothing (no defense)

A big problem is that people think they'll strike gold, just like some did with btc back in the day, by buying the newest and shiniest shitcoin, which are just full of BS. Later they get burned in the pump and dump then just start telling everyone they know to stay away from crypto because its all a big ponzi scheme. how could that possibly be good for crypto?

Quote from: hund on July 12, 2015, 06:38:35 AM

But don't say 5000 btc won't be scammed again. They will but just more sophisticated than Ethereum, Blocknet, Paycoin or Neucoin next time around ...

Fools will again spend thousands of BTC on empty hype and vapourware that looks legit on first sight, has a lot of experts and celebrities going for it, nice website and looking super innovative and promising massadoption.

neucoin (aka nokoin) raised 4000 btc with presale and now even many early buyers are getting worried as they realize it is pure vapourware, just read their own forum. It was created by a well known spyware peddler and is another major pump and dump in the making.

as long as shitcoins manage to create hype, people will loose money. wolong laughs as we type.

HCLivess

legendary

Activity: 2114

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=== NODE IS OK! ==

Quote from: ethought on July 08, 2015, 12:26:58 PM

Quote from: El Dude on July 08, 2015, 04:51:43 AM

The noobs who got scammed left crypto for good. Scams turn away newbies and that's bad.

Agreed.

Several people I introduced to alt cryptos got burned and will likely never be back.

Let natural selection take place

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

Quote from: unusualfacts30 on July 07, 2015, 11:49:00 PM

Here is why:

I don't see that many scams anymore because investors have learned to stick with good old coins with good community involvement. Yes, people are still creating chit coins but they're merely doing it for little gain (1-10 btc profit at most). You won't see anyone running around to scam 5000 btc out of anyone because it ain't gonna happen and investors are getting smarter....all investors have learned their lesson from past scams and personally I would rather play safe than sorry.

Scams gave more visibility to "good coins" and eventhough people lost money it was very much needed in order for crypto to evolve.

thoughts?

You seem to be referring to the selling of shitcoins, but of course there were/are plenty of other scams directly related to cryptocurrency. In terms of the buying of selling of coins though, I'm not sure there was much of a choice since it is about the purest form of the Greater fool theory that there ever has been. The intrinsic value of 99.9% of these access points to blockchain ledgers is the hope that you will be able to resell them at a higher price to others. The scams are inevitable.

benthach

legendary

Activity: 1764

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Quote from: Spoetnik on July 13, 2015, 02:34:01 PM

Quote from: hund on July 12, 2015, 06:38:35 AM

Scams are bad but we are beyond the point that they would hurt the legit coins like they did early on.

But don't say 5000 btc won't be scammed again. They will but just more sophisticated than Ethereum, Blocknet, Paycoin or Neucoin next time around ...

Fools will again spend thousands of BTC on empty hype and vapourware that looks legit on first sight, has a lot of experts and celebrities going for it, nice website and looking super innovative and promising massadoption.
Yes, millions will again be scammed in a professional way by not-so-anon scammers.

bs.

The scam coins have turned this entire crypto currency scene including Bitcoin itself into a complete joke.. damaged reputations galore.
I think this has hurt us all at drawing in reputable people to invest or take part in the currency aspect etc.

I think you guys defending the shit coins are idiots and your so full of shit it's not even funny !
You guys try sooooo fucking hard to try and twist shit around to defend the crap coins but you got nothing (no defense)
I seen Coindesk waaay back post a News story titled something like Clone Coins Are Good
And the guy that posted it had no valid argument aside from maybe it attracted people to the scene (AKA: The BitJohn retort)
and that is pure fail.. we can fire holes in that logic all day long !
So what else can you guys say that would convince me ?

I'd like to move forward but this shit coin excuse machine is not going to help things Sad

i agree, these rampage scams turning crypto and bitcoin to a joke playground

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: hund on July 12, 2015, 06:38:35 AM

Scams are bad but we are beyond the point that they would hurt the legit coins like they did early on.

But don't say 5000 btc won't be scammed again. They will but just more sophisticated than Ethereum, Blocknet, Paycoin or Neucoin next time around ...

Fools will again spend thousands of BTC on empty hype and vapourware that looks legit on first sight, has a lot of experts and celebrities going for it, nice website and looking super innovative and promising massadoption.
Yes, millions will again be scammed in a professional way by not-so-anon scammers.

bs.

The scam coins have turned this entire crypto currency scene including Bitcoin itself into a complete joke.. damaged reputations galore.
I think this has hurt us all at drawing in reputable people to invest or take part in the currency aspect etc.

I think you guys defending the shit coins are idiots and your so full of shit it's not even funny !
You guys try sooooo fucking hard to try and twist shit around to defend the crap coins but you got nothing (no defense)
I seen Coindesk waaay back post a News story titled something like Clone Coins Are Good
And the guy that posted it had no valid argument aside from maybe it attracted people to the scene (AKA: The BitJohn retort)
and that is pure fail.. we can fire holes in that logic all day long !
So what else can you guys say that would convince me ?

I'd like to move forward but this shit coin excuse machine is not going to help things Sad

Nxtblg

legendary

Activity: 924

Merit: 1000

Quote from: Spoetnik on July 11, 2015, 03:48:34 PM

Crime is good for the community too Roll Eyes

I know, the reasoning sounds weird...but it's essentially Darwinian. It's something like, "wolves are good for caribou because they cull the herd."

hund

member

Activity: 130

Merit: 10

Scams are bad but we are beyond the point that they would hurt the legit coins like they did early on.

But don't say 5000 btc won't be scammed again. They will but just more sophisticated than Ethereum, Blocknet, Paycoin or Neucoin next time around ...

Fools will again spend thousands of BTC on empty hype and vapourware that looks legit on first sight, has a lot of experts and celebrities going for it, nice website and looking super innovative and promising massadoption.
Yes, millions will again be scammed in a professional way by not-so-anon scammers.

nicole7852

full member

Activity: 128

Merit: 100

Quote from: bitplanetz on July 12, 2015, 05:41:07 AM

Quote from: Sumo on July 11, 2015, 02:25:58 AM

I got scammed by the Chinese on Litecoin last night. Guess what that's crypto. Get over it.

If your gonna get butthurt everytime a coin dumps before you get out, crypto is not for you.

What do you mean got scammed by chinese? Do u mean they pumped?and how do you know

Chinese ppl are deeply involving in the pump and dump of altcoins and get quick profits. You are insane to follow them then blame them for your loss. You should think whose faults cause you lose money! It is yourself.

bitplanetz

jr. member

Activity: 59

Merit: 10

Quote from: Sumo on July 11, 2015, 02:25:58 AM

I got scammed by the Chinese on Litecoin last night. Guess what that's crypto. Get over it.

If your gonna get butthurt everytime a coin dumps before you get out, crypto is not for you.

What do you mean got scammed by chinese? Do u mean they pumped?and how do you know

MicroGuy

legendary

Activity: 2506

Merit: 1030

Twitter @realmicroguy

Quote from: unusualfacts30 on July 07, 2015, 11:49:00 PM

Here is why:

I don't see that many scams anymore because investors have learned to stick with good old coins with good community involvement. Yes, people are still creating chit coins but they're merely doing it for little gain (1-10 btc profit at most). You won't see anyone running around to scam 5000 btc out of anyone because it ain't gonna happen and investors are getting smarter....all investors have learned their lesson from past scams and personally I would rather play safe than sorry.

Scams gave more visibility to "good coins" and eventhough people lost money it was very much needed in order for crypto to evolve.

thoughts?

Since "scam" coins drive people to "good" coins, that must mean these "bad" coins bring a benefit to the community.

Thus, the quote I have plastered on my monitor. Cheesy

Abiky

legendary

Activity: 3192

Merit: 1362

www.Crypto.Games: Multiple coins, multiple games

Anyone know of a non scam/ponzi Bitcoin cloud mining service? I've tried GAW Miners, Terabox, cloudminr but they've all turned down to be a scam. I'm just trying to find a legal cheap Bitcoin mining service.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Crime is good for the community too Roll Eyes

This guy made his I invested in StartCoin topic now.. I am shocked LOL

Sumo

hero member

Activity: 1098

Merit: 500

I got scammed by the Chinese on Litecoin last night. Guess what that's crypto. Get over it.

If your gonna get butthurt everytime a coin dumps before you get out, crypto is not for you.

nextgencoin

legendary

Activity: 1106

Merit: 1000

Newflash Kiddos Scams are a fact of life, you can be scammed getting your house repainted, scammed buying insurance anything...

Unless you want the false security that Governments try to give people then Crypto is a wake up call to the younger generation to wake the fuck up and see life for what it is, good and bad. Life isn't some FB viral video of Cat with a unicorn glued to its head. Life is ups and downs and often hard for most of the people on the planet. Bitcoin is the best thing we got to create a level playing ground though.

bit1

legendary

Activity: 938

Merit: 1000

Quote from: Abiky on July 10, 2015, 08:12:43 PM

I think that the reason of scams related to cryptos is the fact that cryptocurrencies are unregulated, decentralized. Therefore, there is no way to enforce the law on such currencies like it is on fiat. Just my opinion Roll Eyes

True,
But please let me say something, Scam happens on real money too, Think for example on counterfeits or scams of another type although that real money is regulated.

benthach

legendary

Activity: 1764

Merit: 1000

scam is never good for the crypto community as a whole, only a few people getting away with bags of btc then left newbies holding their dirty panties. most newbies just left and never come back.

Abiky

legendary

Activity: 3192

Merit: 1362

www.Crypto.Games: Multiple coins, multiple games

I think that the reason of scams related to cryptos is the fact that cryptocurrencies are unregulated, decentralized. Therefore, there is no way to enforce the law on such currencies like it is on fiat. Just my opinion Roll Eyes

bit1

legendary

Activity: 938

Merit: 1000

Honestly I dont think so, Scam damage its image of Crypto of many ways.Certainly peoples learn of hard way avoid to be scammed, But always first victims are newbies.And we dont can say that scam has finished today on anyway.New scam coins,sites that promised return 2x your investment,etc. Its are created all days.

CoinCajigger

member

Activity: 94

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I <3 Zennies

Scams come in all new things. This was just a phase of coins.

Topic: Scams were good for crypto (Read 1492 times)