Bitcoin Forum

Is it possible that some new rules are implemented so that people cannot launch a coin from bitcointalk before they deliver proof who they are:

I would suggest:

1. Passport/ID (copy needs to be send to Bitcointalk)
2. Address (copy of billing address needs to be send to Bitcointalk)

Maybe some more suggestions from the community? We have been scammed by several people, and when people know the name of the coin owner then he will not make any mistakes as they will find him. We are talking here about real money, and miners/investors need some protections. There will be always scammers, but with now rules altcoin business will look much better later on...

I don't think it's fair to ask this of bitcointalk mods, unless they are happy to do so.

For what it's worth I personally did this when launching my currency with trusted members of the community like escrow.ms and VIPs like augusto croppo, some coin holders, and also the exchange it trades on. If I try anything shady all my personal details including drivers license with my home address is released to the community  (Escrow.ms (https://bitcointalk.org/index.php?topic=471166.msg5286514#msg5286514), August Croppo (https://bitcointalk.org/index.php?topic=471166.msg5299753#msg5299753), NWO (https://bitcointalk.org/index.php?topic=471166.msg5289311#msg5289311), Poloniex Exchange (https://bitcointalk.org/index.php?topic=471166.msg5291686#msg5291686), Cryptsy Staff (https://bitcointalk.org/index.php?topic=471166.msg5290396#msg5290396)).

So, good idea, and decent developers will already do this.

I think it shows honesty, and legitimacy, yet Bitcoin was created by someone anonymous also. No reason to create more regulation.

This would just cause even more hassle for the bitcointalk staff.. Including signs of Fraud.. people using different passports which dont even belong to the user.. This is not a good idea.

What are you, The FEDs?

No, but if people are real honest then they will just put this information available... people that has question around it, are maybe people that have something to hide.



Is that not what they all try want to do, get Bitcoin more regulation so that it can be used as a real currency, are am I talking bullshit here? :)

+1  :D

No need to implement these measures - 90% of all conversations here can happen anonymously.

What happened with Stackcoin is fraud, what happened with Pandacoin is fraud. Look i didn't invest in those coins as it already look like fraud coins, but it is really sad to see people losing a lot of BTCs because of those coins. BTCs that they could have used for real coins that add value to the altcoin business, now coins like Stackcoin and Pandacoin is destroying the business.

Same can be said for scammers and ponzi's.
People need to judge for themselves who they can trust and who they send their money too.

Regulation - The replacement for common sense!

Or you can, you know, stop spending money buying into pre-launch IPOs of coins if you aren't perfectly willing just throwing that BTC away.

I think some rules would indeed be good.

Example: During the MAxCoin launch the wallet was not working, etc... I believe at moments like that bitcointalk should close this thread down until the team or person responsible for his/her coin gets everything sorted out again.

So basically the reaction are negative, but everybody want to take necessary steps against Mtgox because they know who to blame...they have a name...but scammers of coins, they can continue scamming because nobody knows who they are? So basically what people are saying here is, hurry make a coin, type a nice text around it, ask community money and then run away with there money....

i really hate to say this dude... but its always your own choice to get into a coin or not... on the other hand... i do think some "rules" would be nice... but the thing thats going to happen next will screw us all... devs will post the thread somewhere else... not here... and we'll all be late ;)

Ooo, Bitcoin Police is here

At least those guys just disappear, instead of making statements containing delays after delays after delays ::)

Exactly my point. There's no need for more regulation. Let a thousand flowers bloom. Just use common sense and stop buying IPOs and premined coins

If you buy into a premined coin and get scammed, its your own damn fault. Everyone here has already warned you about buying into premines.

INDEED, you're right, they will post it somewhere else, but then you are already warn, why don't they post it here, mmm, check what they need to do, mmm, they don't want to give their name, mmm, smell bad.... and nobody will mine it.

100% correct : IT IS OUR OWN CHOICE TO GET INTO A COIN, no question about that, but adding some rules can help for all parties. For the coin, for the miners, for the investors.

REGULATORS!!!!!!!!!!!

http://m.youtube.com/watch?v=1plPyJdXKIY

exactly! and sometimes you do get a big profit... and sometimes your not... altough its crypto... it still is the real world.. and your "money"... you decide what to do with it... always do your research!

true! BUT! if i were a dev... i would post it somewhere else.... i'm not too fund about revealing my true identity to everyone here... even if you are a true NON scammer dev... there are always people who lost money on your coin... and want to blame you for it... that could actually be dangerous you know... thats the negativ part of not being regulated  ;)

again, common sense, only lodge identity with people you /really/ trust, and who are hopefully neutral.

I think you've come to the wrong conclusion.  The problem is not the lack of regulation by bitcoinmods, its the incorrectly managed risk by people who put more than they're willing to lose on high risk investments.  NEVER invest more than you're willing to lose, and do your research about what you're investing in.  Turning bitcointalk mods into the SEC will hurt the community much more than help.  Not to mention now you have scammers stealing passports and identification.

Risk is a function of potential earnings vs potential loss.  I think people here were too blinded by the potential earnings to see the potential losses.

You can still use your common sense with premines. I got stung once but it was due to me being stupid. It taught me what to look for just like when you buy from Ebay. Regulation means people don't ever grow up.

Even a Premine you can look at the offer, see if they accept Escrow, see if they are asking too much, if the coin they have made seems legit, who's involved etc...What investment doesn't hold some risk?

word! ;)

you know, if Bitcoin or any other coin want to be taken seriously by the WHOLE world then you need SEC to control it a little. Of course in real world you also have a lot of fraud companies, but the difference with altcoins and the real world is that the fraud companies are getting punished and get what they wanted, 20 year jail or something like that. Now those (smart) scammers are walking away with $40,000 and nobody can do something about it...

Btw, i'm not dev, and if i would release my own coin then everything will be identified on the first page, my name, what i did, my passport number, everything... as i believe when you play with people money (mining = energy cost = MONEY) then you also need to be serious.

If someone is going to scam you, they are going to do it - and if it takes sending a copy of a passport to an escrow to get more ready to scam customers -  the cost of a fake passport needs to be priced into the scam!

When did the bitcoin community pick up all these naive idiots who think that rules can't be broken?

the Romans used to say "Caveat emptor" - Let the buyer beware - nothing much has changed in 2000 years!

how about you noobs stop getting scammed? Jesus. It's all your own fault. That last scam (stackedcoin), getvisacoin scam, etc. All had super shitty logo (hell, that getvisacoin even did a logocontest, 3 ppl participated, and he chose 1 logo that was ugly as hell). Shitty screenshots. NO INFO ABOUT THEM AS A PERSON, NO REPUTATION, NEWBIE MEMBER.

And you all give them tons of BTCs? And then you blame BTC? Come on people what is wrong with you guys. It is ALL YOUR OWN FAULT. And this will continue to happen as long as there are stupid people on this board, and I notice everyday, 90% of this board is FULL OF IT.

Oh and u all cry about woolong? Atleast you could profit like x5 from his ipo, when panda was still up.

Unfortunately in a get-rich quick culture far too many people are naive to the idea of competitive markets.

This is exactly what would happen to fiat if you removed all financial regulation.

Every rule can be broken, true... but you can make it more difficult. In fact you were stupid to put money in Stackcoin as it was clearly a scam from the beginning, so i didn't lose any money. In fact i'm not buying any pre-mine coin. I only mine coins NO PRE-MINE, NO IPO, as this means that the coin owner need to mine himself with his hardware to earn money, he need to use his electricity to earn money, and he will not waste his own electricity.

I disagree to require them to get ID. Because if they manage to get an Fake ID people will think that they are legit. Bitcointalk will be blamed.

Sample work of a scammer: This is pm to me.

"For 10 BTC I can sell at 0.2 (20%) or 10 Gox coins = 2 BTC. Based on this calculation, 10 non-Gox coins = 50 Gox coins. Is this correct?

Are you sure you need just 10 BTC worth of coins? I have a total of 90. (This is a red flag)

http://imgur.com/a/pXO8b#0

My ID and personal info is shown with my account. (Another red flag)

Pay me a deposit of 2 BTC and I will send 50 Gox coins tonight. When you get the coins, pay me the other 8 coins. (Another red flag)

1A2ySNJZBF2FcBns5j54P398Mauk855rjk

Send me a PM with your Gox address.

Randy"

I told him to use an escrow... then he said this:

"I think we should use escrow then. I'm not comfortable with your stats. We can use escrow. Will be home in about an hour from now. Still at work and can look into this on my home computer."

Then he never responded.

You will see his that he have complete ID in the imgur but he is still a scammer. We just need to increase vigilance and be safe all the time. If it is too risky then there is no opportunity.

I agree that something *should* be done, however, the practicality of it is the issue.

I stated in my Scam Trends post that policing these would essentially require a full-time "employee" on the board who would be dedicated solely to verifying coin launches.

I think education of the community may be the best prevention for this issue.

nice regulation im sure various world governments would love to do.

simple really.... don't trust people that show up 1 day before they launch a coin

If they only heard about this board and are already ready to launch a coin that sounds a bit off.

If you are a longterm member here and want to hide your id behind a different username.... why?

I do, because my normal username is my username for everything I do on the web for the past [many years] including friends and family. If they see I've created a coin, and see it with a million dollar market cap or higher, it'll make for all manner of awkward social occurrences. For the same reason you don't tell people your BTC balance. I've still got people I know to vouch for my real identity though, and can do it at will. In fact I know the developer right above your post, defaced, who made franko, I'm sure I have him on skype infact. But I still don't want everybody knowing my real nick unless I do something stupid, then it's released and my life turns to shit.

LOL.  Ok, thats not funny, I'm sorry.  Yes I'm sure the smaller companies and banks which commit fraud do face jail time, but once you're big enough the SEC does NOT put you in jail.  You only pay a fine which you've already calculated will be worth the wrongdoing which you've committed.

But I differ from you a bit philosophically.  I think what will make cryptos break into the mainstream is its lack of regulation and true free market.

Both coins had scam written all over them. Everybody was warned, everybody wrote in that PANDA thread. The only problem is the shills used for fud and calling people names.

Everybody here knows who did what. Don't know 'bout Stackcoin , but if you dig you'll find the guy. It's possible.

Caveat venditor!

 :-*

I'm waiting for one of these scammer Devs to get murdered in real life by someone they have scammed by launching their scam on here and then the murderer and the bitcointalk mods both go to jail...hahaha

ipo is bad idea, anyone putting btc in for these types of coins are asking for problems. Let's hope some people learned a hard lesson here and don't fall for it again.

I just read about Stack, last few pages. there is a possibility to find the bastard. love it when I'm right.

I agree with this. If your going to release a coin you should tell us who you are and your plans for the coin and what they have to lose etc. I think TAG did this

it might stop cocksuckers like mrlotto/redcoin/topcoin <--- all 1 guy. from releasing multiple shitcoins just to rake in some dough from the communities hard work

Just don't "invest" in IPO / IPCO scams and everyone will be just fine.

*edit* nvm you guys will figure it out :)

Nooooooo, that is a horrible idea on so many levels. This is a forum, the fact that people can buy/sell things on the forum makes it as much of a financial institution as Craigslist, we ask you to do your own due dilligence, but besides that, its not the forum staff's job to filter people for suitable merchants. If we start doing background checks, we would run into all sorts of legal complications and become liable for scammers that we didn't correctly background check. Not to mention the most fundamentally flawed part, is that we dont want to know, nor do we care who you are. We dont want to know your personal info, we dont want to store your personal info on this site, and we dont want to be held liable for holding your personal info. Trade smart, caveat emptor y venditor, dont get scammed.

Not a good idea, I don't know if many people would be comfortable in uploading their passport.

Don't think this will help honestly. And this forum should be free of use. If someone wants to prove their identity they can always use an escrow.

Excellent idea. Why don't you start and put your scans in the thread? Thanks guv.

you forgot SUN, prolly the same guy.

edit:  :-*

I believe this cannot be done. I believe this forum is for freedom believers not the way around. My suggestion is don't easily get fooled by those new coins and you will be golden.

Just have some common sense, and you will surely be fine. Don't put money into anything, that is not extensively trusted.

Most of the altcoins are pump and dump schemes. You want protection so that you can pump and dump without any other risks?
Kinda ironic don't you think?

Those passports and ids can be easily obtain don't trust them so much. Just use your common sense.

I don't see how this would help. It would only limit creativity. Why should we do that? I think people should only you their heads and that is all. Don't jump into something if you are not prepared to lose.