Bitcoin Forum

After synechist wrote his long diatribe in response to Dan coordinating with prom I'm interested to know what the bigger problem in the alt coin community is.  Is it that we are too suspicious?   Too ready to yell scam?

Or that there are actually too many scams?

Scammy behind closed door deals because toxic FUD and being too suspicious are the reactions of the cause.

QFT, because FUD doesn't cause scams .. scams cause FUD.

After clicking on "Scams" had to see everybody else did, too. So the answer seems clear.

But I do blame the development process. The Altcoin section should be the experimental field, so much is known. But there is not that much of a cooperation between the different innovative pathes. Each coin on their own, no joint force operations. As in result a dillution of the field by way to many coins.

How many Altcoins do exist? With a serious Marketcap of above $ 50.000 and more trade a day then a pair of shoes would cost you in a shop? $ 93 trade, accumulated worldwide around the globe is not exactly bussiness.

How many teams are greater then two people?

So I am not opposing "deals" if that would be cooperation between coins. Most recent example you can find talk about burning two unsuccessfull coins going on, an approach to solder a more solid coin from the scraps of a distinctive market segment (was weedcoins). If that succeeds we will see a solid 11.3 on the FUD-scale (that ranges from 1 to 10) explode, the next FUD wave scroll across this area screaming "backroom deals".

FUD is a form of scam, there's no way to choose one and not the other.
If you spread lies about something, its simply no different to scamming; being cautious is fine and cool but a lot of stuff that gets posted here are simply lies and even the people who write them know it. They do it just for a reason, to damage one thing in the hope of making a personal profit with something else.

Theres a BIG difference to posting ciritical questions, discussing stuff that seems sketchy etc, and simply accusing something/someone with bullshit lies.

You seem a little confused. FUD, Lying and scamming are 3 different things.

Not really.

http://blogs.findlaw.com/injured/2013/01/fraud-vs-lying-whats-the-legal-difference.html

"In general, anything other than a white lie (like how nice your spouse looks) should be avoided. Remember, a lie runs the risk of becoming fraud if you expect the listener to act on the lie."

http://www.spectacle.org/0500/lies.html

"Fraud is defined as an intentional falsehood on which another relies to his detriment. A fraud is a lie writ large, often in a financial context, where the damage to me is quantifiable in money."

The boldened part is definately the case here.

Proof that Scam is a form of Fraud (because u will say now that Fraud != scam): http://www.skypeenglishclasses.com/skype-english-blog/english-vocabulary-the-subtle-difference-between-fraud-and-scam/

FUD itself is illegal at least in Germany, Austria and Switzerland and is ruled under the laws of "unfair business practices" for businesses: http://de.wikipedia.org/wiki/Unlauterer_Wettbewerb
In the private laws it belongs to http://de.wikipedia.org/wiki/Hetzkampagne (english: http://en.wikipedia.org/wiki/Smear_campaign)
See the NAZI picture there? It's there for a reason.

There seem to be also big cases where Companies spreading FUD like Microsoft have been punished: http://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt
"In 2000, Microsoft settled the lawsuit out-of-court for an undisclosed sum, which in 2009 was revealed to be $280m."


So its pretty clear, that all of those things belong together and all suck.
If you believe thats wrong, provide proof.

PS: Ever saw a scammer that isn't lying?

how to explain the partial result of the vote (roughly 50/50)

scammers will have voted FUD and fudder will have voted Scam  ;D

So basically we can deduce that there is as much fudder than scammer in crypto  ;D

we need to add two other choice to the poll:

3: "well, I don't know I am just an investor"
4: "well, I don't know I am just a miner"

Because right now, category 3 are voting for "fud" and category 4 are voting for "scam"

any coin with obvious closed doors politics should be left to die. Every coin should try to be as transparent as possible because insider trading is a big one in crypto.

Think there is insidertrading going on? Well, then there is no profit in it for you. You can't repair insidertrading in a coin. Just dump it!
There is other coins with less of that.

You can be both a scammer and a FUDster. In fact I believe it's very common.

Scams and dodgy deals are always the biggest issue. Fud is just fud. Ignore it or don't pay any attention to anything other than facts.