Bitcoin Forum

I had enough this morning cleaning out my roaming folder. Most altcoins I mined which are older then 2 month are worthless now. ZERO. It is usual mine and dump in 2-3 days. Who knows how many lunches we had today? I did not even count. All these new worthless copy-paste coins just doing one thing, consume our resources.

Don't get me wrong I am willing to see new coins, but not like this.

I would like to know what community thinks about this:
"Start New Topic" in    Bitcoin Forum > Other > Alternate cryptocurrencies > Announcements (Altcoins)
is available only to users having 200 posts and more.

I guess bitcointalk can apply this rule in 3 minutes, but think about consequences.
To lunch new coin, dev will have to sacrifice his reputation (or make 200 posts we all can read).

Lets see if these 5-6 devs making lunches everyday can handle this...

+1

+2

Good on you man.  I like it :)

Dedicatedpool approves =)

But I'd suggest that maybe a 50 post count would be ok, and at least 30 days of sign up time.


Ryan, dedicatedpool.com support/admin
admin@dedicatedpool.com / IRC on freenode ##dedicatedpool
https://i.imgur.com/7yIpdEv.png

Everyone's making lunches.
What are you opening up a restaurant?

Alts are still relatively new. A lot of the top 50 are only a couple of months old. If you can't differentiate a Chinese shitcoin with a premine after a week of lurking here then you're a big part of the reason why this trend continues.

+3 ;D

Ohh I can tell the difference between a chinese shitcoin and a good coin.  The thing that gets us once in a while are the hidden premines.  It's open source so we all need to be looking at the code as a community. 

I'll be looking out for them now though... You guys can always get a hold of me on here or in IRC as "binaryclock" if you figure there is a hidden premine, etc.  I love to hear from people.

Ryan, dedicatedpool.com support/admin
admin@dedicatedpool.com / IRC on freenode ##dedicatedpool
https://i.imgur.com/7yIpdEv.png

First, you do realize you won't be able to post your complains anymore right?

Second, What's with censoring the internet?

Third, if I was the lead in a new coin and I need to post to announce my launch, I'm not using my personal account! I'm creating a new account specifically to deal with the coins communication.

There's no way to win this, just read the ANN, see if you like and move on.

This doesn't sound reasonable to me. You might want to make sure that coin developers are experienced before investing time and money into it but post count is not the way to do this. Many developers would have perfectly reasonable reasons to use a new account to promote their projects. Let's say for example that someone wants to protect his project from impersonators, so he creates and uses an account that has the name of his project.

I agree with this. There has to be some sort of requirement/restriction that prevents scammers from being able to launch a coin so easily.

Almost ALL new coins that are being launched here are posted by a BRAND NEW account. It would instill more confidence in the community if the coins were being launched by people that are at least a bit more credible. Without restrictions, scammers can make a new coin, a new account, post it. And if it doesn't work out or if they decide to dump and run, they can do that without any consequences. If they have any high value/old account on bitcointalk, they go unpunished.

This is actually a great idea!

Well, OP might be right in some point that he brings up but this reply is reasonable. I don't find it right to permit posts in a subforum by post count. As said here, people often have good reasons to create a new account for promoting a project. Anonymitycould be one of them. And it should be respected.

maybe it is a good idea

People gotta realize this forum isn't the center of the universe! Dozens of great coin got launch without a post here.

If a team of quality dev that never use this forum wants to use it to promote their new coin? what them? fuck them?

Yeah I understand that too, but believe it or not, based on the current trends I would say the good majority of new altcoins are being launched right here at bitcointalk. If devs launch their coins elsewhere, it is likely they have little interest in posting here too. If they do want to get the exposure on bitcointalk, then they should become active members of the community, get their post counts up, and then be able to post it here.

All in all, if this new change is applied, it will help prevent more harm than it will prevent good. Yeah, it may not be fair for those 10% of devs who are legit and want to launch a good coin, but is it fair to keep the way things are and keep watching hundreds and thousands of people get screwed over by shitty coins and scam devs?

Name one great coin that was launched without an announcement post on this forum. /argument

Could not agree with this more.... lets stop the shit

Hahahaha what the hell...fuck the free market aye?  Crypto is awesome because there aren't rules...survival of the fittest and all.

The answer isn't restrictions but community responsibility. Not too long ago Bittrex and Poloniex were mere testing grounds for new coins. Scams would fall through the cracks. Bittrex is still is scrub exchange. Don't trade an experimental coin until it's been around for a while.

Loving how it's mostly newbie accounts and low posters who are in disagreement with this proposal, and without much argument at that.  ::) ::)

+1

there are too many shit coins every day

A low post count or new account on this forum doesn't count for shit in crypto, this place is a cesspool.  I've been in BTC since early 2012 and I don't need some status forum account to make it true.

I have an idea all you people complaining, how about you try TAKING SOME RESPONSIBILITY for your own actions instead of blaming others when your favourite bagholding keeps plummeting in value.

This is great idea!

strongly support the author,  +!0000000000000000

new coin'S  ANN must be constrained to the account owner that have posted more than 200 posts, should have a mechenism to control this

lol ass kiss much? in your previous post, you were supporting the opposite argument. it must be easy sitting atop the fence, what with the fencepost up your ass holding you in place and all..

great idea ;)

I am not really against the idea, but I am not for it either.  In the crypto community, it is a user's responsibility if the coin is right for them.  Having a limit to open threads at a certain post count doesn't exactly stop the scammer either; he could just buy some high level accounts and post it.  That way, the scammer actually gets more trust, therefore more profit.

It doesn't mean people can't start their everyday scamcoin, it's just they have to go and advertise somewhere else.

Totally agree with OP, there needs to be some thresholds at the bare minimum for announcing new coin, post count is a good start.

Remember the backpacker, sailboat, etc. crap.  They all compiled to the same Firecoind, the dev does not even bother to change the name.

The goal is not to root out the shit coins 100% ( I don't think it is even possible ) but make it difficult enough.

wont make any difference, 99% of these shitcoins are pumped out by full members, they will just make new account and start again for their next one. .

I mus admit this has been come quite funny, as stated all the newbies / scammers are the one complaining ... don't like the fact someone had an idea to block you from pump and dump creation of coins hhehehe, funny as hell, I think I will write down all these names ...

you're attacking the wrong person here dumbass.

ummm that was not an attack, can you read ?? you want to start a shit fight, your picking it with the wrong person yourself ..

This whole idea is basically enforcing people to participate here in order to have any chance at launching a coin, or in the best case, pay off a hero member to "host" their launch.

and honestly, I hate this forum. If it weren't for all launches happening here, I would never come here. Everything about this place is just horridly toxic.

you are correct, they will come out to defend and pump the coin after the announcement.

Most new coins hope and pray Bittrex will add them, but after whalers happened lately I doubt that will be happening now

I think what people need to understand about the idea in the OP is to make it more difficult, if only slightly, to advertise shitcoins.

In my opinion anything that cleans up the first 2 pages of shitcoin garbage is a good thing and we should all want that.

+1

I speak about pre-moder access to ANN few months ago. No changes still.

Well everybody think making an altocoin with X11 or X13 and premine it will give them profit. But WHY? We had BTC first then LTC copied BTCs source code then peoples made more. But WHY? Most of them are useless but peoples keep making it.

I agree.

Why complain about new coins if you can just ignore them? Just figure out for yourself what coins are worth mining, buying, holding etc.

Knowing most altcoins will fail you can also decide to mine them early and sell them when they're on an exchange.

I agree with the fact that we get too many scamcoins, but postcount will bring a lot of useless posts from wannabe devs.

And what about accounts for sale? I might get a good price for my account. I am arguing a lot against IE which might make a trustfull dev whom is hating scammers  ;D

newbie dev spotted

increase to senior member instead of 200 post

Hi,
Dont think this is going to work on 100%, because lot of people can post crap for several days and make 200 posts. And what if you have 200 posts? You can launch a shit coin anyway..I am not sure at all. In my opinion people will just stop doing this and move to another thing when nobody is interested in a new crap coin. It will happen with the time.
BR

+1

the current 'power structure' isnt going to change.

we are the only ones who can stop shitcoin creation.

stop supporting this trash.

devs/miners/pools/exchanges are the ones who make money on shitcoins.

traders sometimes get lucky and earn a profit but they can lose it all when the coin goes scam.

fuck speculating in this horsehit.

flame the devs and shit on the threads is our best bet  ;D

Just delete any new coin that doesn't have a unique feature or is obviously a direct clone.

i completely agree with you, this junk of coins should stop now.

i think it's easy to achieve 200 posts
maybe a rule related to users level in bitcointalk

+1

when you see a shitcoin shoot it in the head!

Great idea, but I would set the standard even higher. Only Senior or Hero members.

where my English?  :-\
He ocтaнoвить.  Cмoтpим зa dedicatedpool.com. Пo мнe, тaк oдин из caмыx aдeквaтныx пyлoв в выбope фopкoв.
C кpикoв "aaaaaaaaaaa" нe кидaeтcя нa кaждый гфopк. Кaждый фopк y ниx - зepнышкo.

Brilliant idea, lets set the standard even higher though. Only central governments or banks. Cryptocurrency is about centralization of power to a small number of people anyway right?  ::)

agreed and you know this gets posted non stop right ?

this one was MOVED to the "meta" forum section..

Petition to introduce minimum activity count for ANN thread starters (https://bitcointalk.org/index.php?topic=687349.new#new)

+1

spaghetti

+100500!

STOP SHITCOINS ATTACK AND NEWBIE DEVS!!!

Mixed feelings about this. On one hand, I certainly wouldn't mind seeing less coins pumped out, and for the ones being released, more high quality coins. But at the same time, I'd probably be against this idea. The reason being, I don't think it'd really help.

First off, some coins probably would go to a competing forum for alt coin announcements. And some real devs would suffer because they couldn't make an announcement until that 200 post requirement.

But that's not the real problem. I think we'd simply get a sockpuppet problem instead. Devs would build up accounts, or hire people to make accounts, just to get to whatever requirement is needed. I can see people here simply hiring themselves out as 'account makers'. Sure, I guess it could cut down a small bit on new coins, but I don't think there would be as much benefit as people expect.

What we really need is more exchange accountability.  If an exchange releases a coin with a hidden premine/shady code, they really need to be pay the consequences for not being more thorough -- when I say 'pay', I mean more bad publicity and therefore less profit for them.

There is also the issue of investors not really being accountable enough either. Way too many people buy up coins as soon as they are released on an exchange, even if they have tons of red flags, then complain they were scammed. Sure, there are way too many scams here, but in the end, greed seems to overwhelm people's good sense here too often.

I gotta hand it to you, you've compiled a solid argument. I have to agree with you on all points. It will hurt more than it will help. The only solution is to ban announcements on this forum entirely.

A tad more extreme than I'd prefer. And all it would result in is a competing forum for alt coin announcements.

What I tend to suggest is more education, people posting when a coin looks shady, pointing out red flags, and so on. Although unfortunately that quite often seems to turn into FUD campaigns instead ... giant red text, memes, insults, etc. It turns into noise, which people just drown out. Still, it can help (if people post sensible comments) and some ICOs and coins fall apart when valid criticisms are made.

I also differentiate between scamcoins and shitcoins personally, although I expect many here don't. A plain coin that many here consider a shitcoin, noise, or whatever, tends to be rather harmless if it doesn't have a premine. People get into an uproar over the number of coins being released, maybe thinking they are taking attention/funds away from their own, better investments. But in reality, the marketplace decides, and most of the time those coins just die off on their own ... so to me, they are hardly the biggest problem here.

It's when devs run off, devs dump with giant premines, hidden or not, don't deliver ico coins, promise features and don't come close to delivering... that it's a problem. And besides education and pointing out red flags, I'm not so sure there is an easy solution to those issues.

education is all thats needed.

no fancy rules needed.
no secret clubs.
no illuminati handshakes.

turn on the light of truth and watch the roaches scatter.

teach people why its fucking stupid to bother with a one day pow/instamine/bittrex dump/x11 clone so they know not to do it.

forum administration and exchange personnel are not going to the job. the community has to do it.

fuck new coin devs. make them work for this money.

I don't think we really can change the growth of the altcoin "industry", per the nature of a cryptocurrency. It's so decentralized, one may be created and marketed at any time. And, there are so many niches to which a coin can be applied (not to mention how easy it is to build a coin) that there's no way of easily inhibiting the development of pointless altcoins, however spammy they may be.

Is this even practical? As much as I hate seeing all these scamcoins, I'm not sure if this would solve the issue. All you have to do is buy an account.

A review panel here and/or minimum requirements to post a new coin launch are some of the options to minimize all this stupid scam coins.

you people are idiots for mining and buying shitcoins that are instamined and dumped. Don't cry for the authorities to give you boundaries but grow the fuck up and mine/buy/trade a coin which is not a scam.

First you support the crap and then you cry? Are you serious?


Just in case you have no brain and need someone to tell you: don't touch  coins that are mined out within days. very simple.

how about before a brand new dev launches a coin, it can get vetted and approved by a diverse group of community members.  This check could be voluntary but could be like stamp of pseudo approval.  All others who wish to launch/ANN new coins are free to do so and people just need to take some personal responsibility when investing.       

^^^
this

there should be a trusted group who reads the codes and evaluates the coins. That group should be donated to for their work. I support that.



besides that: why should a new coin have so much value at all? I think new coins should be looked at differently. Your bids are way too high at the exchanges for new coins.

Hmmn  There are good points on both sides ....Maybe a voluntary system of verified accounts ...when a new account has the option to verify their identity which could remain private unless a scam had been perpetrated.