Topic: Suggestions to prevent scammers launch new shitcoins - page 4. (Read 4810 times)

Anonymity is suspect in any market, not just crypto. Stand behind your product. If people don't have a reputation to protect, or a fear of being penalized by their actions, and simply reap the rewards from their scams over and over, there is no deterrent to the behavior. And then mining and buying their scam coins encourages them to continue to make more of them. The problem is obvious, the solution perhaps not so. I used to mine new coins but lately with all the big x11 pump and dump shit coins I am sticking with the ones with a track record. My little gpu is loving merge-mining Blakecoin and Dirac right now. A way to vet the Devs would be a good start but it is the wild west out there, and isn't that part of what makes this crypto-adventure fun?

Isn't it simple? You refresh the page, and see 'Sorry but this part of the forum has been closed, please use 'insertforumname' for altcoin related discussions'.

Market needs a lot more coins, why stiffle innovation?

best thing to do is make it clear to new comers that their time is going to be wasted chasing get rich quick schemes.  They need to learn what they should invest in what they shouldn't or their will be new waves of people who fall victim to the scams.  This is a very important issue and I'm going to get following along and adding my thoughts and opinions.  The best thing is to cut off the flow of people participating in the pump and dumps to stifle such activity from taking place.  Then there will be no incentive to create so many worthless coins IMO.

First of all: newbie accounts created only to start a coin should be banned, unless they are known alt of a trusted member.

Beyond that, I think no rules should be enforced, only we educate people for them to know the risks they are taking(scams - alt accounts - etc), and make maybe a group of experienced users to review the coins. As long the group didn't get corrupted, it will be worth.

well tbh you can not prevent it, they will launch no matter what the scam coins, and some might even be legit who have a new account, you can not say that for sure, the other thing is people need to see if it is a scam or not they need to do their research and also to keep track and be up to date with the coins they invest in.

in my opinion all those coins will be co-existing even if some or in these days many are short lived, if you think about it you can compare it with a car. there are so many brands. ok maybe not such a good example. lol maybe it is better to compare it with linux distributions, there are so many out there.

my talking "offensive" as you characterized it is to get you all to wake up..

sorry but naive noobs show up here and post the same damn topics non stop forever

your not going to get a collection of possible solutions OP
i told you what the answer was and i am right.

it has to do with noobs showing up here waaaaaaaay late and learning JUST NOW things are corrupt..
well some of us have been telling you NON stop 24/7 and what you guys did was scream ban the FUD'er
to protect your bag holding garbage..

don't be sorry for thinking this topic has been made over and over but realize some of you are naive
and i say that because i read the replies here.. all noobs spouting off.
the older guys here now full well what is going on.
and notice how none of them spoke up ?
hence why i said what i said !

and sorry but noobs don't count for anything.. you guys are of no value to the altcoin scene.
making naive suggestions is laughable..
suggesting Exchanges do a better job adding coins ?
really ? LOL
They know what the fuck their doing.
for the last year i have debated this exact problem with head Cryptsy staff and their defense is "USER DEMAND"
so uhhh go for it.. suggest things all your want to exchanges and let's see how well they listen to Junior members on yet another one of these topics
the older guys know will be gone in an hour..

next you guys here are going to start thinking of ways to protect the innocent people being tricked into scam coins LOL

Pro Tip:
They already now.

They have all told me for ages "in defense" they get on ANY coin because they make $$$ off of them.
So they are RIGHT NOW sitting at their computers reading this topic and laughing.. guaranteed.
most guys in the altcoin scene can tell if a coin is legit or not.. they don't care though if they can make money off them.
and we can tell it's the majority doing this not by my experience of these guys trying to defend their behavior and admitting to me
but by watching how the scene has been dying off.

my offensive tone is to get you guys to grow a pair.. if what i said on my last comment bothers you too much ?
maybe some for the Tweens from Sunday school should find some other way to make money ?
Because the cloners / scammers here are quiet but they are cut-throat and will stop at NOTHING to drain you dry.
THEN are you gonna get out raged ?
ya.. make sure to be polite with the guys robbing you LOL

Ya start a separate topic to discuss how outraged you are at scam coins lol
or...
go to the ANN topics and speak up for crying out loud.. but do it politely of course  

pussies lose their money.. don't be low hanging fruit noobs LOL

Problem is that it's going to de difficult to stop people exercising their right, as free agents, to do whatever the fuck they like, including launching scamcoins.
Crypto was intended to bring us freedom from regulation, not just add more rules.


Having said that, the OP (and Spoetnik) have a legitimate point.

My suggestion would be that we flip the issue: don't try to kill/ban/prevent scamcoins, but instead encourage real effort to create genuine value in crypto.

So: how to do this?
The only vague idea I can come up with would be the creation of a 'Crypto Association/Foundation/Group':
Representatives from the top 20 cryptos come together, establish a voluntary code of practice, and then create an approved list of crypto's that are *probably* not scams, to give newbies a guide as to what is worth investing in.

If the stream of newbie investors with money to burn can be diverted into relatively legitimate cryptos, the rewards for scamming will be reduced and hopefully we'll see less dodgy shit around here.

And: a 'Crypto Association/Whatever' could also be used to promote the interests of crypto in general, for example by publicity campaigns aimed at the mainstream investor or businesses.

I lost money in pure scams too but i took some lesson.
Most of all fails is GREED just call it correctly...  - we have invested in most shitcoins because of greed...

After some time shit coin will have to die or try harder to live...
We will see how it will go over time.
Only time will shows winners but MANY coins till die over time.

About Big IPOs - Mastercoin was pumped to 90m market cap today is 3m...
Same can be with Etherum,Maidsafe,Bitshares...
There is no perfect solution just buy people smart and live with that coin can drop value over time.

I like that idea! +1