Bitcoin Forum

So many scams!! More than 80 percent coins are believed to be scam. Money is lost and this is not good for Crypto World where new people are joining everyday. It is a bad signal for the welfare of Crypto currency.

We need to have a system where new announcement of coins should go through a system where a voting list or may be the assurance of Hero, senior, full members count.

There should be five star, four star....etc kind of thing that should assure people to trust the new coins.

It is in the betterment of crypto-currency.

We all should raise our voice against all these scam and secure our money.....


Make this thread the biggest so that bitcointalk admin notices it....

Yes, I will vote in this system just to stop CAIx scam and offer to ban Stuhlman.

Absolutley agree!

Not sure why this has not been done already. ???

A major issue is that many of the scams are undetectable at launch.  Most of the time, the scam isn't revealed until it's too late.  Not sure how an accurate system can be enforced that would block out scams while allowing respectable coins to pass through.

But it can go through voting list where hero,senior, full member can vote

Guys, what you're doing now will only lead to bitcointalk closing down this sub forum. This is the wild west and that's the way it's supposed to be! If you want regulation, go  trade interest rates ;)

Right, but I don't know how anyone can accurately predict what will happen in the future with a coin.  It will weed out some of the blatant scams which is a start, but many will still be able to pass through.

Unless that there should be no annoucement publication.

Looking at the current scenerio of crypto world, scams are more than actual good coins. There is only a fooling machine where new comers are fooled.

At best you can prevent noobs from creating new threads. That will not stop the problem as I believe that these scammer devs have many sock puppet accounts with 40+ activity.

Education is an option but that takes time and will constantly change. Scams evolve as crypto evolves. I think we need to figure out who these individuals are and then report them to the authorities in the countries that they operate in. Good luck with that since most of them are hiding behind anonymity services.

So what can we do? Delete the Announcements section and not allow any new coin launches here.

Scams won't be stopped.. thats real. But can it be controlled then?

charge .2 btc to create a thread in this forum.

Yeah, totally agree

everybody do something ,let scam coin get out of here .

Define scam... ?
You can put whatever system you want, it won't prevent morons from jumping in every scammy IPO (or ICO) and if you try to warn them... you are a troll and/or a fuder (who want to buy all the coins...  ;D ;D).
The level of stupidity has never been so high... ;D
one good measure: put pressure on the exchange so that they refuse to harbor IPO coin (Bittrex is doing 3 or 4 IPO is less than 2 weeks... )

I feel your pain but I also believe that it's impossible to stop the scams without inadvertently stifling great new coins. It's often really hard to tell from the outset which coins are legit and which are cynical pump and dump bait. Personally, I think it would be far better to have some stickied threads to provide newcomers to the cryptocurrency scene with tips and a list of things to watch out for. Let's not forget that greed is often the reason people get burnt. If something looks to good to be true, it nearly always is. Just my two cents.

100 post minimum to post a topic in Announcements.

plus:
"charge .2 btc to create a thread in this forum."

wouldn't that encourage spam?

i agree some moderation is needed but at what point do we draw the line

but since you can buy username  ;D
I think for all new coin, we should be able to access more info regarding the poster...
(IP, other accounts, numbers etc... things like that... I think it is possible, I remember during PoS only giveway the devs were able to tell if it was a real account or not)

Just close new announcements Topics from now on at this section. Make a new sticky Topic to discuss possible solution until there is one

well, I want new coins  ;D
I don't mine BTC, don't give a shit about LTC and DRK so I want new coins... not 5 every days though...

There would just need to be a third party group that would review and/or "rate" the new coin (on what metrics I do not know). It would take reputable members for their opinions to matter. This would be something that new coins that are "reputable" would strive to attain, perhaps certification of some kind.

In the end it would come down to trust that this group would be honest and not sell out. With all things involving money there is little trust to be had.

I'm with kryptopojken on this one. I don't like scams any more than the next guy but I don't think it's a good idea to impose the kind of restrictions you're suggesting.
In the end it's up to each and everyone to decide what coins they want to invest in. It's their responsibility. I got burned myself a few times buying up scamcoins but I only got myself to blame for it. I don't blame the scamming devs one bit. I chose to invest. I would have avoided some of those coins if I'd been less lazy and had gone through the ANN thread before buying on Bittrex. I think the best we can do is to try and educate people on how to spot scams.

if you wait some more time they will have hero puppet aka lol

some of them have even registered aka in 2013

all those scam coins are knc and other mega btc farm fault, normal people can't mine btc tnx to them..fuck that centralized bitcoin network

this forum isnt going to do anything to stop scams.

I don't think that .2 btc will stop scams and every one can rise rank with useless posts

Yeah it could... just looking for some bench-marks too.

I like the idea of charging a couple hundred bucks to start an ANN though. Anyone or anyone group of 'ninja coders' who believe in their product can afford this. Obviously this won't stop tom-foolery since many unscrupulous fellows will see this as a cost of doing business but I bet it would slow the flood-waters.

We just want to slow it so that the faith in crypto remains in tact.

Here's a solution: stop dealing with these shitcoins. You can secure your money by stop giving it to scammers. If you take the risk with them and you get scammed in whatever way it's nobody else's fault but your own. Seriously, 99.9% of these coins should just be ignored. Ignore them and they'll go away.

That's the solution to us, or I guess mostly experienced people?
What about those newer ones and/or investors? Once they get burned by such a coin, I'm pretty sure that they won't come back.

Sometimes getting burned is the only way they'll learn. There's not much you can do for people who are motivated by greed or the need to get rich quick and those people are always ripe to get scammed. If they wern't getting scammed on here they'd be out buying snake oil in the real world. This forum really can't be held responsible for scammers or the people they con, but the community can help police these shit/scam coins by continually warning them of the dangers, but of course many wont listen and just want to jump on the next big thing regardless and lose their money in the process.

 ;D mabye is a good idea

If you want to lose web traffic.

Generally speaking all alt coins are eventually going to fail. Anyone that understands this but chooses to invest anyway deserves to lose their shirt with the alts.

The solution's always been there: Remove all altcoin discussion.

It is not scammers that are bad it is people who trust them, they are hurting themselves. Altcoin sooner or later are gonna fail. If you want to trust someone you either are idiot, mega optimist or you just want to be scammed.

So centralizing the control over which coins can get listed to a small group of senior and hero members, how could that ever go wrong. A scam dev would just have to pay these members on the side to get their coin added. Also there are the implications of giving noobs a false sense of security, that if a coin is listed it must have been through this auditing by 'respected' members so it's not a scam.

To the others suggesting that new coins have to pay a fee to list their threads, where would this money go? I suspect it wouldn't be to charity.

Whilst I agree that something needs to be done, this is not the right way, as others have said most scam coins aren't even obvious until after launch.

Good luck trying to regulate an unregulated market full of participants who hate regualtion though :D

It would be way easier for them just to ban the altcoin section.  I hope they wont do that.

You just have to be very cautious with alt coins.  As you note, most of them are not serious.

Most people who have lost money on a scamcoin have been warned multiple times by people who can see past the hype. More often than not, those who are merely doing a good deed by warning potential victims are accused of spreading FUD by the same people that they are trying to protect. And when they do become victims, instead of thanking the people who tried to warn them, they blame the "FUD-ers" for somehow causing the coin to collapse. Scamcoin victims blame everyone but themselves -- that's why they're victims.

If you think a coin is a scam, then just ignore it. Let the get-rich-schemers play among themselves. Without a regulation of cryptocurrencies, the only way to stop scams is to not keep them alive by not continuously pointing people at their direction.

Couldn't agree with you more.
Bitcointalk is a bitcoin forum and it should focus on bitcoin only.

Scamcoins are not so bad, only the fools are fooled. Ecosystem with natural selection.

This is a good idea. I would agree with the op on this. It would help the coins.

what a curmudgeon.

yes 99% of altcoins are a scam but that one coin that does the job is going to change the world.

your flat earth attitude is out of touch with the times.

I wouldn't say 99% of them are scams but most of them are just stupid or worthless.


I agree with this fully. A fool is easy parted with his money they say.

Though I dont bother with them I think alt coins should stay. Keeping them out of the way in there own section is adequate. Those that get scammed in there just have to learn their lesson.

I wouldn't say that these altcoins are scams, but I would say that they eventually will be useless and worthless.