Bitcoin Forum

New idea: charge a fee of 1 BTC for every new ANN in the altcoin announcements.

This would drastically reduce the amount of low-quality projects / scams posted.

If this is indeed implemented, people might start assuming that coins posted in the altcoin announcement board have the forum's approval.
That could be dangerous!

This is something I've previously suggested before. They should also have to pay a fee to run a signature campaign seeing as 9/10 of them do nothing about spam and mods are left to clean up the mess for them.


Why would people assume that? Why would people not already assume the forum approves them if they're posted here? I think paying some sort of fee is a good idea because most of these get rich quick schemesters/scammers only bother to make their crap coins because it costs absolutely nothing to them and then they even get free advertising with legions of shitposters. If they actually had to pay something I bet many wouldn't bother.

It's more like "support" than "approves." The forum would be held accountable since the forum "supports" this project with the fee that they paid which can be assumed as "agreement."

It won't stop them. Let's say there is a project made to scam others then in order for them to post it here then they pay 1 bitcoin then proceed. People would start investing then they can just run considering that they acquire more bitcoins which is far more greater than 1 bitcoin. Hence, even if the 1 bitcoin fee is implemented then there will be not much of a chang but rather for the forum's administration to get richer.

I agree with this idea, and do not see a reason for which it shouldn't be implemented. This should, at least, be implemented for ICO's (although this would make it somewhat difficult, but it would still work).

If it "won't stop them", then there is no reason not to add this. They'd at least be down 1 BTC for even attempting to run a *scam* and this would turn away the [insertWord]Coin spam.

I still don't see the logic how the forum would be supporting them. You pay a fee to post not gain support. You can already buy ad slots here but there's a disclaimer under each of them saying the forum doesn't support them and they could be scams and this would be no different.


It won't stop them completely but it'll stop all the broke fly by night scammers who have nothing to lose. At the moment anyone can create a crapcoin ico and pay an army of shills  to promote it all for free with a premined coin but if you had to pay then a lot wouldn't even bother. I'm really not sure why we even allow them to advertise here for free especially when probably 95+% of the spam and moderation is caused by them.

I just correct the right term to be used regarding what @botany said. If somehow this would be implemented then the forum should make it clear.


It won't stop them completely but it'll stop all the broke fly by night scammers who have nothing to lose. At the moment anyone can create a crapcoin ico and pay an army of shills  to promote it all for free with a premined coin but if you had to pay then a lot wouldn't even bother. I'm really not sure why we even allow them to advertise here for free especially when probably 95+% of the spam and moderation is caused by them.
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If "somehow" it will lessen it even a little then maybe it is better to add it but we can't expect this suggestion to have a great impact. There must be a much better idea and more effective.


If it "won't stop them" then there is no reason not to add this. Or maybe the forum can gain "something by adding some fee." Anyways I make it clear above with an if.

That is incorrect. If there is no harm, and there is a single (financial) benefit (and possibly others) then it should be added.

Any extra money is surely welcome, and maybe theymos could hire more global moderators this time (i.e. promote more).

I support this decision. No more babbabubbacoin and kakkakukkacoin with the 1 BTC rule.

They must go to another Bitcoin forum to publish that kind of coin.

Rather this will give them the license to post more crap. They can argue since they have paid for it, they have the right to post whatever they think is good. A fee without moderation (which the forum will avoid to behave like police) is not a good solution.

yes they could argue that but it wouldnt be valid. because the rules would say clearly:

1 BTC FEE to post ANN. This is NOT an endorsement. Your thread can be deleted at any time if you break the rules.

easy as that

GREAT Rule

I would agree this idea also because after that there would be less amount of scam coins and ico's thread but also there is another problem. This forum is free service, if wedo that, then another bitcoin forum will try to get opportunity by mentioning that such service is free on their forum. Yes, btctalk is greatest and most known forum but there are chanses (to my mind) that it will affect a forum with both (good and bad side).
On another hand, it's really good idea but let's wait and see opinion of theymos.

Not every Altcoin ANN poster has 1+ BTC to just throw into making an ANN...
That's just my thoughts, but I agree some sort of solution to this growing problem should be found. This is a decent solution, but I'm still kind of sceptic about it.

Regards,
Trump

Exactly.

That kind of shitcoin would be more correct.

Disagreed. The network effect of this forum is far too great for a single modification to ruin it, especially when we are talking about a shitcoin posting fee.

I'm going to say that he won't even reply or he will outright reject this. ::)

I am align to this idea, this idea will ward off scammy projects and will open room only for serious projects. Someone open a poll and then give the results to theymos as he can himself verify what community wants.

What is your point here exactly? If they don't have or can't muster up the fee to post here then it just shows you how much faith they have in their product. If they were serious about listing it here then they would have no issue getting the funds together but for those fly by night scammers who just want to quickly throw their crappy idea out there and see if they get lucky it'll make them think twice.


There are already several other similar forums people could advertise on but they don't have anywhere near the userbase this one does so it would be futile even listing them there. People announce their coins here because it's the best way to do so and there's a huge userbase that will happily advertise here for you via signature campaigns, but running a signature campaign on forum with hardly any users would be equally as worthless.

What my point is? My point is that poor people won't be able to post an altcoin ANN, no matter how awesome it is!

I doubt you can find many cases of "poor people" not having 1 BTC to spend on a project that is actually worthwhile. Being "awesome" is a useless description for project. We've had several thousand "awesome" projects so far. ::)

I agree that it's highly unlikely, but do you think that the people who invented fire and wheels were rich? No! They were poor as hell!

Regards,
Trump

I agree 100%. Add that fee now and make it 1.5 BTC. Do we really want the likes of this : https://bitcointalk.org/index.php?topic=2063802.0? no? ok, add that fee for the benefit of everyone on Bitcointalk.

That means we will collect 4.5 Bitcoin from that guy... He/she has 3 nonsense ICO at the same time...

Nah, we likely wouldn't. They probably wouldn't even make them if they had to pay anything but that's the beauty of it because only serious scamcoins crapcoins would actually shell out for the fee.

ICOs are scam either way, paying or not. if you really have an idea that could make money, you would first complete the project and then sell your

Product, mostly ICOs need no physical material, they all want money for their coding/development. %99.99 of them only have a web site with no usable

Product, they all just about coin trading. I doubt if Satoshi needed any money while he was coding Bitcoin, but he did finish the coding and announced

It publicly with a finished product. since ICOs have a team behind them, they should pay a fee to announce their project and if they have doubts about

The success of their project then better first make sure to have a solid idea before filling this forum with their nonsense.

Haven't red completely all the feed, but do check the remarks below.

You were discussing about introducing a fee for posting ANNs to consequently reduce the number of scam coins or ICO's as well as to reduce the amount of poor posts of token hunters in general.

( I )
Scammers are indeed capable to pay 1 BTC. At present time or in future when BTC will be significantly higher than at the time when this idea was suggested (Aug. 2017). There's no trouble for thieves to battle up to a few bitcoins. So I refer to the 1st reply of this topic as the trust in new tokens is going to get more exposed :


( II )
And regarding the quality of posts, I think the bitcointalk ranking formula should be changed to enable measuring quality inputs and not activity only :