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Title: What qualities would a new coin need to not be considered a scam Post by: kysejoy on April 08, 2014, 12:03:34 PM 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 Title: Re: What qualities would a new coin need to not be considered a scam Post by: brokedummy on April 08, 2014, 12:07:55 PM One thousand people on this forum would need to have a 1% stake each in a coin to not be called scam here.
Title: Re: What qualities would a new coin need to not be considered a scam Post by: shtako on April 08, 2014, 12:14:13 PM 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.
Title: Re: What qualities would a new coin need to not be considered a scam Post by: fernando on April 08, 2014, 12:16:54 PM 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. Title: Re: What qualities would a new coin need to not be considered a scam Post by: pandher on April 08, 2014, 12:17:42 PM Everything is a scam here
Title: Re: What qualities would a new coin need to not be considered a scam Post by: DiamondCardz on April 08, 2014, 12:25:05 PM Refer to my post here:
https://bitcointalk.org/index.php?topic=561297.msg6124091#msg6124091 Title: Re: What qualities would a new coin need to not be considered a scam Post by: kysejoy on April 08, 2014, 12:28:27 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? Title: Re: What qualities would a new coin need to not be considered a scam Post by: kysejoy on April 08, 2014, 12:33:40 PM Refer to my post here: https://bitcointalk.org/index.php?topic=561297.msg6124091#msg6124091 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 Title: Re: What qualities would a new coin need to not be considered a scam Post by: brokedummy on April 08, 2014, 12:40:30 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. Title: Re: What qualities would a new coin need to not be considered a scam Post by: DiamondCardz on April 08, 2014, 01:16:26 PM Refer to my post here: https://bitcointalk.org/index.php?topic=561297.msg6124091#msg6124091 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. Title: Re: What qualities would a new coin need to not be considered a scam Post by: kysejoy on April 08, 2014, 09:47:39 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? Title: Re: What qualities would a new coin need to not be considered a scam Post by: brokedummy on April 08, 2014, 11:15:27 PM Nope, we should probably have a scaminess scale.
Title: Re: What qualities would a new coin need to not be considered a scam Post by: Ryota on April 09, 2014, 12:38:16 AM 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.
Title: Re: What qualities would a new coin need to not be considered a scam Post by: DiamondCardz on April 09, 2014, 12:40:42 AM 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. Title: Re: What qualities would a new coin need to not be considered a scam Post by: fernando on April 09, 2014, 09:35:35 AM 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.
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