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Topic: Suggestions to prevent scammers launch new shitcoins (Read 4820 times)

full member
Activity: 154
Merit: 100
Market needs a lot more coins, why stiffle innovation?


No it does not, too many coins as is, and many are sitting dead because of it.
member
Activity: 98
Merit: 10
I did POD with Crypto Asian prior to launching my coin and the results were great. I provided accurate information, and it has really helped with gaining the trust of the community. I think its something every developer must do.

Take a look at our OP
https://bitcointalksearch.org/topic/ann-axr-project-axron-pow-has-ended-full-pos-has-kicked-in-happy-staking-738534
sr. member
Activity: 280
Merit: 250
Biggest issue is that at what point a review becomes an endorsement? if anything goes wrong later on anyway, the endorser will be scrutinized and worse, accused of colluding etc...

I might off track with what you're talking about... It's been a while since I read this thread... So so many other things renting space in my head, I have to dump more often than I'd like :-/

I agree with you. An official seal of approval is treading dangerous ground. About what I stated... It wouldn't be an approval of the coin, just informational. Supporters or not can take it how they want to. I already jotted down a list of KPIs relating to the coin's marketability, sustainability, performance and such (not that I was serious... But just in case, while it was on my mind) that could be used as the baseline 'report' if you will. The idea would be to review the code and provide assessment (sloppy, malicious, clueless dev didn't change this type of stuff) both good and bad. I also thought proving background info in the dev is a good touch ie involved in this scamcoin, etc. Also look into the claims that so and so will be accepting our coin.

Hope that ^ made sense,  this damn iPad sucks, lol.
full member
Activity: 134
Merit: 100
A sub forum(strictly moderated) for devs would be excellent
donator
Activity: 2352
Merit: 1060
between a rock and a block!
Biggest issue is that at what point a review becomes an endorsement? if anything goes wrong later on anyway, the endorser will be scrutinized and worse, accused of colluding etc...
sr. member
Activity: 280
Merit: 250
I'm going to rally a group of really smart peeps who know how to find code errors, and altcoin critics and supporters... Might as well throw in representation from an exchange ... And we're going to start an unofficial altcoin review board. It won't take very long to establish a reputation. We'll review all new launches and scrutinize the hell out of them and report our findings in their ANN thread.  Hell, it could work...

Best of luck! If you get it off the ground, you'll found crypto's answer to Underwriters' Laboratories. UL was started back in tha day of voluntary self-regulation, fyi.

Wow - I'm in love Smiley  I have a new project to keep me busy for a bit now Tongue
legendary
Activity: 924
Merit: 1000
I'm going to rally a group of really smart peeps who know how to find code errors, and altcoin critics and supporters... Might as well throw in representation from an exchange ... And we're going to start an unofficial altcoin review board. It won't take very long to establish a reputation. We'll review all new launches and scrutinize the hell out of them and report our findings in their ANN thread.  Hell, it could work...

Best of luck! If you get it off the ground, you'll found crypto's answer to Underwriters' Laboratories. UL was started back in tha day of voluntary self-regulation, fyi.
sr. member
Activity: 280
Merit: 250
Do you think some scam devs are related to some exchanges, hashrate rental websites, and pool opertaors?

Yes, these altcoin exchanges are one of the main problems.

I've a simple soluiton to this problem

I suggest the community start its own exchange with 0% (or vey low) Fee Trading, we can add a Donate Button like Wikipedia.

I think this solution is the best way to short-circuit all these scam and shit coins.

This exchanges will be trusted by the community and reliable members in this forum.

If anyone is interested here, I can help to build that plan.

A new trusted exchange moderated by reputable members of bitcointalk can be one possible solution. I've added it to the OP.

That's it, damn it! Lol.

I'm going to rally a group of really smart peeps who know how to find code errors, and altcoin critics and supporters... Might as well throw in representation from an exchange ... And we're going to start an unofficial altcoin review board. It won't take very long to establish a reputation. We'll review all new launches and scrutinize the hell out of them and report our findings in their ANN thread.  Hell, it could work...
hero member
Activity: 1022
Merit: 1000
Not sure if there will ever be a 100% effective way to prevent them. Just don't buy them.

Maybe there isn't any 100% effective way, but we can reduce the number of them.
The main problem is that so many are coming out and the growth keeps increasing. There is definitely no perfect that would be so effective to stop them all. Even if the numbers only dropped by half I'd be actually very glad and count that as a huge success.
This would definitely improve the overall view of the cryptocurrencies and help the market.

I can't agree more. If you have any suggestion about Solutions List, please let us know.

Well to put a slight halt on things, maybe this forum shouldn't allow people to start threads until they have over 100 posts or something.
full member
Activity: 182
Merit: 100
KryptKoin is one of the best!!!
Not sure if there will ever be a 100% effective way to prevent them. Just don't buy them.

Maybe there isn't any 100% effective way, but we can reduce the number of them.
The main problem is that so many are coming out and the growth keeps increasing. There is definitely no perfect that would be so effective to stop them all. Even if the numbers only dropped by half I'd be actually very glad and count that as a huge success.
This would definitely improve the overall view of the cryptocurrencies and help the market.

I can't agree more. If you have any suggestion about Solutions List, please let us know.
legendary
Activity: 2674
Merit: 3000
Terminated.
Not sure if there will ever be a 100% effective way to prevent them. Just don't buy them.

Maybe there isn't any 100% effective way, but we can reduce the number of them.
The main problem is that so many are coming out and the growth keeps increasing. There is definitely no perfect that would be so effective to stop them all. Even if the numbers only dropped by half I'd be actually very glad and count that as a huge success.
This would definitely improve the overall view of the cryptocurrencies and help the market.
full member
Activity: 182
Merit: 100
KryptKoin is one of the best!!!
Do you think some scam devs are related to some exchanges, hashrate rental websites, and pool opertaors?

Yes, these altcoin exchanges are one of the main problems.

I've a simple soluiton to this problem

I suggest the community start its own exchange with 0% (or vey low) Fee Trading, we can add a Donate Button like Wikipedia.

I think this solution is the best way to short-circuit all these scam and shit coins.

This exchanges will be trusted by the community and reliable members in this forum.

If anyone is interested here, I can help to build that plan.

A new trusted exchange moderated by reputable members of bitcointalk can be one possible solution. I've added it to the OP.
full member
Activity: 182
Merit: 100
KryptKoin is one of the best!!!
Not sure if there will ever be a 100% effective way to prevent them. Just don't buy them.

Maybe there isn't any 100% effective way, but we can reduce the number of them.
full member
Activity: 182
Merit: 100
KryptKoin is one of the best!!!
thread,   dont worry im here now. all is good ! ill take care of this place and lead it.

~CfA~

Hey trustworthy man! I just saw your comment on another similar thread.

yes stop scam coins not fair  Sad

dont worry little man  !

the glorious grand leader AltcoiN DestructoR Come-from-Above the Great Supervisor has come from above and will save u from this scammety scammy altcoins.  i will personally fuck them !

~CfA™~ is here to protect the weak !

Are you high?

By the way, "thread"? Did you mean "threat"?
member
Activity: 61
Merit: 10
Do you think some scam devs are related to some exchanges, hashrate rental websites, and pool opertaors?

Yes, these altcoin exchanges are one of the main problems.

I've a simple soluiton to this problem

I suggest the community start its own exchange with 0% (or vey low) Fee Trading, we can add a Donate Button like Wikipedia.

I think this solution is the best way to short-circuit all these scam and shit coins.

This exchanges will be trusted by the community and reliable members in this forum.

If anyone is interested here, I can help to build that plan.
hero member
Activity: 700
Merit: 520
thread,   dont worry im here now. all is good ! ill take care of this place and lead it.

~CfA~
legendary
Activity: 1736
Merit: 1001
Just don't buy the coins to begin with.
member
Activity: 83
Merit: 10
Not sure if there will ever be a 100% effective way to prevent them. Just don't buy them.
legendary
Activity: 924
Merit: 1000
Each person can already choose what coin to invest in and follow now without your vision of centralization becoming a reality
It's only centralisation if it goes beyond denouncing crapcoins and exhorting people not to buy them, with the exchanges voluntarily tightening up their policies to restore their reputations and win back the business of (most) people who withdrew their business in disgust.

Exactly. What do you think about our Solutions List on the OP? Do you think having BASIC rules is against decentralization? (Of course you can interpret BASIC in different ways, but I guess you know which one I'm talking about.)

I haven't had time to give it a thorough look-through, sorry.
hero member
Activity: 826
Merit: 501
in defi we trust
Close the altcoin section.

Without a solid user idiots blinded by greed supply the scams will fail.
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