Fastcoin you should learn from Chinsu, when you inevitably go to post your google docs exchange thread to try and sell of the premine for your scamcoin do it under a different forum nick, people will be less suspicious. They still won't buy it but depending on how much desperation you're prepared to indulge yourself in (I'm guessing a lot) you may get the odd sucker.

For anyone with any sense, don't mine this coin it will only give it more credibility than it deserves.

yeah people are starting to cotton on, be interesting to see the next evolution of taking advantage of peoples greed

lol these new coins are ridiculous.

hyperdump err hypercoin

should be able to give negative trust for this behavior imo

hey guys Chinsu just wants to give an example. For example, his example was 0.3BTC / 1k

so for example, you can buy his 2 million coins for only 600 BTC :p

7k lucky for sale - 3ltc/1k

I'm not 100% sure where I stand on scamcoins, but at the moment I'm leaning towards CBF opposing it, I'm not on a crusade. Better to just use the time / energy in identifying whether or not the creator is trying to make a real coin or pump and dump

this

I totally agree about learning mining / trading. These new alt-coins are what has ultimately motivated me to figure out how to solo-mine.

You've discussed what new coins can give, but ignored what they can take. Do you believe that a greed-intentioned coin could damage the community or scare aware more people than it educates?

One last question, do you think labeling a request for opposing discussion on a topic as a 'witch hunt' is fair or correct?

good point and I don't disagree. Can you share what attributes a coin would have for you to:

1 - support / mine it
2 - ignore it
3 - oppose it

that could go under 1d IMO. Hydoponica from the other posts of yours I've read I feel you're certainly opposed. Do you have some more in-depth strategies or opinions to share?

can you elaborate please? This sounds like a legitimate strategy.

sounds like you're the perfect demographic that these coins target. How do you know all these coins will go to bounties? Did you consider the possibility that maybe he wants to create that appearance, to attract people like you to the coin so in 2hours - 2 days he can dump all his coins at your expense?

"help this coin grow"

but there is no description about this coin, what it does or if it even features an innovation...

The purpose of this thread is to discuss potential strategies to help people identify and oppose worthless coins.
Obviously whether or not a coin is worthless is purely subjective. This is an open thread but in the interest of deliberate discussion I suggest the following questions / format (until a better alternative is offered).

1 - COIN IDENTIFICATION
   1a - What in your mind constitutes a coin being worthless
   1b - What principles or best practices make a coin worth supporting
   1c - Do morales play a part in your choice of coin to support / mine
   1d - What do you expect from the creator(s)? i.e. is technical proficiency, reputation or post count important?

2 - Strategies for opposition
   2a - What's the best method for opposing a coin that you perceive as being worthless
   2b - Does posting in the coins thread ultimately help or hinder the coin - i.e. let the thread die or keep bumping it whilst trying to offer discussion

3 - SHARED PURPOSE
   3a - as a community do we have a shared purpose or obligation?
   3b - does supporting a coin you perceive as worthless help or hinder the community or make no difference?


DISCLAIMER

I have observed and participated in the pump and dumps since FTC/ CNC and WDC. At first my stance was the typical free market line - if people want to buy a worthless coin who am I to stop them? I still kind of feel this way, but after the most recent sexcoin release I have started to wonder what are the broader implications for the community with this trend?

If we're at the point where anyone can just release a coin, give themselves 2 million to start, elect themselves the central figure to 'distribute' these coins with almost 0 transparency before starting a sales / trade thread 2 hours after release then I feel we have a problem.

 In closing, this thread is not about me or whether IM MAD BRO, but about creating a dialogue to address if we have a problem, if so how to address this problem and help the community grow and improve.

how disappointing, the first time I manage to get solo mining going and it's for this joke of a coin.

2 Million pre-mined coins, a lot of people are bringing this up but there is surprisingly a lot of ' ITS OK GAIS HE'S USING IT FOR GIVEAWAYS' kind of attitude. If this is you, don't delude yourself.

I turned off my rigs from this coin before going to sleep - despite having mined 10k in about 2 hours - and I urge people to consider the following before supporting this coin

- if crypto's are decentralized, why would we want 1 person - the op - deciding who and how 2 million coins get spent
- is the OP fully transparent with the 2 million coins? Do you think perhaps he could give away even a full 1 million coins then dump the other million after it gets even 1-2 days traction?
- the OP started a SXC exchange thread almost 2 hours after release ....
- the OP has almost 0 technical proficiency. Ask yourself what motivates him? Making Crypto's better or thinking that he is doing some sweet MARKETING CAUSE I CALLED IT SEXCOIN LOL - then dumping
- this shouldn't be called a pump and dump, just a dump
- just because you label a coin USED FOR ADULT STUFF LOLS - doens't mean that it's an innovation. What technical innovation does this coin have that makes it more suitable to be used for adult related products / services?

from a behavioral perspective at least it will be interesting to observe. I would hope that people were not stupid enough to buy this coin but time will tell.

I've watched the whole FTC / CNC / WDC mania and even participated in the pump and dump. At first I didn't understand why people were so upset, just thought well if people want to buy worthless coins let them.

After this coin I start to understand why people rage a little more.

TL DR

- OP thinks naming a coin 'SEXCOIN' will pass as innovation
- OP elects himself the central figure to 'DISTRIBUTE' (i promise i'll give away the full 2 mil guys, look I gave away 50k right before I started the exchange thread to sell off my remaining 1.5 mil)
- OP has no interest in developing a coin, just a marketing exercise to try and profit from

if we are a pack with a shared purpose of creation, development and innovation then in order to survive we need to attack instability and weakness. This coin serves nothing other than the OPs greed.

0.26 australia

what determines the block size? the blocks I mine are 200 coins per - just wondering thanks

just received a donation of 500 thanks