Bitcoin Forum

Let's just do this q&a style:

Q: Is your coin a clone of another coin with just a name change ?
A: Then it's a shit coin.

Q: Is your coin relying on marketing only and brings nothing to the crypto world ?
A: Then it's a shit coin.

Q: Is your coin premined ?
A: Then it's a shit coin.

Q: Is your coin based off an internet meme/celebrity/country ?
A: Then it's a shit coin.

Q: Did you pay to get your coin listed on an exchange ?
A: Then it's a shit coin.

Q: Is your coin's only advantage the fact that it has a shiny fun wallet ?
A: Then it's a shit coin.

Q: Does your coin's announcement page contain anything else other than technical data and mining instructions/help ?
A: Then it's a shit coin.

Q: Is your coin's community making donations to charities just to get media coverage ?
A: Then it's a shit coin.

Q: Did you pay for news articles/media coverage ?
A: Then it's a shit coin.

Q: Is the coin's developer spending all day on bitcointalk hyping his coin and its price?
A: Then it's a shit coin(and developer).

Q: Is the altcoin section on bitcointalk full of threads about why people should buy your coin (rather than mine it)
A: Then it's a shit coin. (and all the hyping is done by bagholders)

Q: Has your coin been added to an exchange via paid voting ?
A: Then it's a shit coin.

Q: Have any of the above offended you ?
A: Then you're supporting a shit coin.

I could go on if requested :)

NOW: LET THE HATE FLOW !

Quite possibly the best thread ever.

Agree.

Q: does the name of the dev match the name of the coin?
A: its a shit coin

Q:Is your coin launched with a low diff, no source code or working windows wallet?
A:its a shit coin

What exactly did you have in mind on this one?

;D fully agree ...

Another one:

Q: Do promoters of your coin use special characters like stars, hearts etc. in the thread titles at Bitcointalk altcoin forum?
A: Then it's a shit coin.

This thread is good.

Q: does your coin use the words "airdrop" "IPO" "investment" or "to da moon" in the [ann] thread?
A: its a shit coin

Q: Does the thought of BCX exposing your scam and destroying your blockchain keep you up at night in a cold sweat?
A: its a shit coin

Agree as well, but bag holders are also using special characters, so I think this criteria is a bit questionable.

Agreed,  I like all of them except this one. A few other things are necessary to list on the ANN page

nicely done !

Also sick and tired of "Much this''  "Wow that" "Such this" "Very That" "to da moon"  etc etc  Shit is getting old

me too, it should said :
Q: Does your coin's announcement page DOES NOT contain anything else other than technical data and mining instructions/help ?
A: Then it's a shit coin.

much wow
u mad

I was referring to anns with a shitload of backstories for credibility gimmicks and hypes but are still copy cat coins. Sorry on phone now will elaborate later.

nah, i don't get mad, just tired of the Bitcoin community laughing at us for ridiculous propaganda, some people are here to just "goof around" and kill time, and others to make money, I'm here for for the money

On the whole I agree with these. Can we add-

If you developed a shit coin, please try to shut it down.

+1 ;D lol, that's hilarious!

oh man ... I was expecting some hate to flow and now this ... ?
come on bag holders ... bite the trollbate. Flame, scream, report ... do something other than trying to hype your bags of excrement.

Shit tornado in my pants!

people really pay exchanges to take their coins?  wow

Totally giggled at this one...

Q: Do you [ANN] writen in brokin engrish? Your website two?
A: It's a shit coin

Q: Is wolong involved in your [ANN] thread?
A: It's a shit coin

Sorry, had to throw a wolong reference in there...

And I know not all coins are developed by native speakers, but if your audience is an english audience, you might want to ask a native speaker to proof-read it for a few of those 100% pre-mined coins you have in a wallet somewhere.

r00tdude

This thread is beautiful  ;D

Well, we had our Alpacas, so let them have their Doges.

We tried the same, but haven't been as successful, because back then, nobody knew what crypto-currencies were.

Flaming isn't helping the crypto-currencies-community. Stop pretending this is a war between different crypto-currencies. We all want this thing to be successful.

Q: Is your coin launched by a Satoshi Nakamoto impersonator you never hear from, expecting that the collective will adopt his coin by itself?
A: That's a shit coin.

I like where the thread is going, keep adding reasons coins should be labeled as SHITcoins :)

while some points are valid it's not what makes a real so called shit coin.
look at doge as a prime example a meme that was a complete joke that became huge and is attractive and popular to people, a good introduction to people to enter mining etc. it has a huge supportive community on top of it, and it's cloned so what ? Next will you tell me what i should eat, wear, type of music i should listen too etc.

My definition of a shit coin would be one solely made for the dev to make a huge profit, pump & dump and then run leaving it totally unsupported which usually results in total collapse and alot of angry bag holders who lost their btc investing in it. There is alot of ignorance here as you assume everyone views a shit coin in the same light.


 

Didn't you mine "Magic Internet Money"?

I know how much you hate NobleCoin foodies so I'll come here and admit then by your definition it's a shit coin and proud of it.

- Devs/founders/community not anonymous
- $5000 donated to The Water Project back in Jan. and damn f***ing proud of it
- Sponsors Canadian eSport teams at ESEA/CEVO for marketing and branding value, and proud of it
- Premined and proud of it (well not proud, I'm just not a rich man and couldn't do this without it) - used so far to cover retail deals, dev. (you can see every single spend on the public ledger), sponsorships & donations, pool losses/hacks and over 20million+ of lost coins on exchange hacks (obviously the community would prefer to have been Goxxed am I right?)
- Premine on public ledger from week 1
- I had an opportunity to make about $100,000 in Feb/Mar. riding the high price with the premine. NobleCoin continues to be called a premined scam shitcoin. You know why? Because everyone jumped on the PANDA bandwagons and now bitterly lump premines into that category because they made a dumb choice.
- Premine as well as profit/loss via BTC (Marketplace & Bullion) will be used in Australia as a taxation case study for crypto. users now that it is publicly legalized, recognized and accepted for use here.
- You can buy Amazon products internationally as well as gold and silver bullion (from April) for 10% below RRP with it
- Taken from LTC with 1-block retarget to prevent multipools
- Haven't paid exchanges, MYR isn't special being the first to make a point of this no matter how much you promote that (3 months old and no Cryptsy/Mintpal defines us as a 'dead coin')
- Announcement page has a lot more than technical specs, and that's something I wouldn't change
- Accepted by 40 merchants and charities/causes
- Spends all day on BTCTalk and 10+ other sites answering PMs
- Basically a hundred other definitions of shit/clone coin yourself and the technical guys apply to it. I respect tech. coins immensely and never badmouth them (I publicly am a huge fan of DARK/VERT and if their community wanted it I would include them & the coin in the Marketplace), but there is more to a 'medium of exchange' than innovation

You're so bitter over MYR. Nice coin, but you're actually doing it more harm than good being its angry, bitter spokesperson mate.

All the best ;)

Edit: My personal opinion is coins will become similar to digital communities/companies/countries. We'll see thousands more. The ones that work/do business together as a community/company rather than point fingers and label each other shit will be the ones that grow stronger together. Just my 2 cents.

I completely agree:  Noblecoin is a shitcoin. 

Finally someone got pissed enough to write many things ... sorry dude I have NOTHING against noble, I have never crossed paths with the coin or any of its devs so I can never have any beef with them.
On the other hand I am getting pretty tired of threads popping up daily telling everyone to buy this shitcoin or that shitcoin and when someone is asked why ... the general response is because it's a nice community and the devs are nice people.
On the other other hand what you failed to notice is not once have I written the word myriad or its acronym in this thread nor have I ever stated anyone should buy it because I do not bash coins to promote coins, I bash shitcoins in general for the lulz.

Your coin was not nominated here but it seems you've responded to yes to so many of the questions I posted that you realised your coin falls into that category. I'm sorry if you feel I've hurt your feelings or your coin but ... that's just what I intended to do, to you and all other supporters of shitcoins.

Again, I do not want to promote any coin in this thread, as I've titled it this is just a thread containing the "rantings of a lunatic"

Actually you have which is why I responded, not because I'm pissed. You were so anti-NobleCoin in the VoS thread because of the support shown for us there I couldn't help responding here.

thanks, also tl;dr on your previous post ... I know of your coin so you couldn't have written anything of interest in that post and as I said I am not anti-noblecoin I'm anti shit-clone-coin and if you felt your coin was not one you shouldn't have jumped 10 feet in the air when you read my post.

Childish as always. Good trolling.

I like how foodies123 is basically saying 'don't take it so personally', and you're calling him a troll in his own thread. 

I'm pretty sure this one is not a shitcoin  ;D
https://www.youtube.com/watch?v=1eU2INYe4gk

Dear OP,

with so much insight, please do tell where you have made your fortune in BTC from

well that was random... this thread is not about a coin's value or trading or easy ass ways to make some btc by mining shit-hype-coins in the first minutes of the launch and dumping them at the first beartrap you see ... this is about crypto technology, quality and inovation. Shit I could spit out a coin tomorrow and it could get 10x bitcoin's value but it'll still be a shitcoin. A coin's price is not what gives it quality, it does not help the crypto concept at all it actually slows it down.

It has been brought to my attention that my tone and general attitude twards what I deem to be shitcoins seems a little hostile and may hurt other coins I did not deem as shit so I would like to apologize to all those who have taken my rantings personal. I believe there is a general consensus that clone coins are bad for the crypto world but it seems that putting it on the forum is a no-no although I have not named any coin or developer.

Again I apologize if you were hurt by my agressive post.







But that doesn't make your coin any good

Well, if it fails you can always get a job at the Federal Reserve or Bank of England. There is nothing comparable to a free lunch like a "Printy printy" bailout.

I had to LOL at that video and don't have another account with which to comment. Good post!

According to the OP, USDe is in the same category and I'm not here to defend or advertise our project. In fact, we are brainstorming daily on what can feasibly be done to separate our project from others, mostly out of the feeling of obligation to our community of believers in USDe's potential. I fully realize that a currency needs the right mix of ingredients of innovation and marketing to be successful, so we are on the same train, watching tens of coins get created with an alarming number of them created for outright criminal reasons.

Anyway - here and watching this thread. And equally annoyed by not having a system in place, which can be used to somehow verify devs' age, motive and identity.

My intention for USDe, in all honesty, was / is to become an original content equivalent of onion.com for fact-laden satire about monetary policies & corruption, which acts as a vehicle to promote USDe as an improvement over fiat currencies. Being that none of our DEVs are in a position to invest lots of BTC to make this happen ourselves, we're all working independently to find a private investment source. Anyway, I went off on a tangent and didn't mean to. Good thread and I agree with most points about how ____coins could be defined.

It is no surprise to me it is a natural consequence of free trade capitalism.

For example:

There is a product I have. It is in demand. It is called a SHITCOIN. I have millions of said product.

I want to get my product to market. An exchange has a ready and willing list of buyers for my product.

So I pay the exchange a fee to list my coin which will increase sales of the product.

Overall the sales of the product minus the fee will leave me with a profit.

I win. The exchange wins. The consumer gets the product they desire.

Well here's a dev that reacted as he should, good job dev.

There's a bit of a difference between bailing out the community rather than Wall Street mate. I don't really know what to say to anyone who thinks real people who had their money on an exchange deserve to have all their coins taken 'because they're stupid and trusting'.

Heh