Topic: What qualities would a new coin need to not be considered a scam (Read 642 times)
I think we should reserve the term scam to those who actually lie to deceive people to give them something and then don't deliver. A bad coin is not a scam, it is just a bad coin.
April 08, 2014, 07:40:42 PM
99% of the altcoins are essentialy scams, their "devs"are not real developers but marketing people well versed in social networks and how best to manipulate them. I often observed their code is very ugly and redundant and nothing was properly tested, most of them don't really know c++, and just want to make easy money without spending time on innovation, originality and creativity.
This is very true. As a matter of fact a majority of developers either followed a tutorial to make their coin or paid someone to make it for them, in hopes of making a quick buck.
April 08, 2014, 07:38:16 PM
99% of the altcoins are essentialy scams, their "devs"are not real developers but marketing people well versed in social networks and how best to manipulate them. I often observed their code is very ugly and redundant and nothing was properly tested, most of them don't really know c++, and just want to make easy money without spending time on innovation, originality and creativity.
April 08, 2014, 06:15:27 PM
Nope, we should probably have a scaminess scale.
April 08, 2014, 04:47:39 PM
One thousand people on this forum would need to have a 1% stake each in a coin to not be called scam here.
so theoretically, if communitycoin is fully distributed as described it could be considered above board or not a scam?
Nope, you dont get it. A 1% stake can only go to 100 people.
hahaha, you got me, late night brain wasn't working
so no coin can ever be free of the scam tag?
April 08, 2014, 08:16:26 AM
Thanks
"A top altcoin is something that actually brings something new to the table, has dedicated developers who aren't just there to make profit, and isn't controversial"
But do you have any tips on how to tell if a new coin has dedicated developers, without waiting for a few months to see if the devs are still around
Do they release updates? Bug fixes? Post information? Make checkpoints? Et cetera.
One thousand people on this forum would need to have a 1% stake each in a coin to not be called scam here.
so theoretically, if communitycoin is fully distributed as described it could be considered above board or not a scam?
Nope, you dont get it. A 1% stake can only go to 100 people.
Thanks
"A top altcoin is something that actually brings something new to the table, has dedicated developers who aren't just there to make profit, and isn't controversial"
But do you have any tips on how to tell if a new coin has dedicated developers, without waiting for a few months to see if the devs are still around
One thousand people on this forum would need to have a 1% stake each in a coin to not be called scam here.
so theoretically, if communitycoin is fully distributed as described it could be considered above board or not a scam?
Everything is a scam here
A coin is a scam if the main reason the coin exist is to enrich a very few people (devs/early adopters) at the cost of the majority who buy useless (and in reality worhtless coins) because they believe they have value.
Money is a fiction by itself. It has value because we decide it has value. This is just the same.
A coin is a scam if the main reason the coin exist is to enrich a very few people (devs/early adopters) at the cost of the majority who buy useless (and in reality worhtless coins) because they believe they have value.
One thousand people on this forum would need to have a 1% stake each in a coin to not be called scam here.
As someone fairly new to this forum and seeing so many accusations of scams I am curious what qualities would a new coin need to not be labelled as a potential scam.
Also think that listing good qualities to look for in a coin would definitely be a good thing to be floating around this forum.
Thanks in advance for any input
Kyse
Also think that listing good qualities to look for in a coin would definitely be a good thing to be floating around this forum.
Thanks in advance for any input
Kyse
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