Should there be some kind of Ethics Counsel for Altcoins?

[semobo]

There is a new coin that just called itself Compound Coin but as probably many of you know, there has been an active coin named Compound Coin for five or more years.  They both have the same symbol.

The old Compound coin has an active community. 

What can we do about people just coming in and stealing coin's intellectual property?

Websites have a system, I think we need a system, at least with heavyweights like Charlie Lee, etc. and various bloggers picketing the new thieving coin.

Don't worry probably the new coin with the same name will be disappeared once their ICO finished because they can't list their project on reputed exchange and even CMC won't since they have same name and symbol so the new project was created just to make some money.

Agreed. They will be forced to change their name if it's just a coincidence that they have a similar name. But if the owner of the new coin doesn't, then it's pretty clear that they are here to scam people by using an older projects name because no one would accept them and they can't be listed on anything except shady exchanges too.

They also can't register it in trade mark because they'll have to give out their identity completely which I think they wouldn't do considering that they looks like they are trying to scam people.

Likely they won't get listed on good exchanges so we don't need any council to handle this kind of issues because it is not possible in the decentralization world.We just need our common sense to be used here to invest on any projects.

[slaman29]

There is a new coin that just called itself Compound Coin but as probably many of you know, there has been an active coin named Compound Coin for five or more years.  They both have the same symbol.

The old Compound coin has an active community. 

What can we do about people just coming in and stealing coin's intellectual property?

Websites have a system, I think we need a system, at least with heavyweights like Charlie Lee, etc. and various bloggers picketing the new thieving coin.

Old active community is a new thing for me, I've been in the space for a few years so I would feel like I know almost every coin out there but this is the first time I'm hearing about Compound Coin!

Anyway, the system is not patented. Open source means free to be taken and used. It should credit the original but hey even McAfee steals coins whitepapers directly:)

[bgaf]

This is a problem in cryptocurrency. There are dozen of names and ticker that are the same. For me its unfair on the old compound coin that a new coin is mooning and now traded on big exchange. The 2nd project should consider putting its name or changing it.

Anyway, the system is not patented. Open source means free to be taken and used. It should credit the original but hey even McAfee steals coins whitepapers directly:)

I think this is different case, cause both ticker will be listed on cmc, and some interested investors and traders are likely found it really confusing. For me the 2nd project the new one consider changing ticker symbol at least to give respect on the first one.

[coupable]

Don't worry probably the new coin with the same name will be disappeared once their ICO finished because they can't list their project on reputed exchange and even CMC won't since they have same name and symbol so the new project was created just to make some money.

I don't think CMC will be interested in delisting coins having the same symbols or even the same templates as long they pay them. And the same with exchanges.
I remember the case of two coins having the same symbol [UAH if am not wrong], one is a cryptocurrency and the other is a fiat currency but in CMC the exchanges marked for the crypto one includes the exchanges use the Fiat one. This caused a disaster for traders who mistakenly bought the coin thinking that it's a great opportunity because the huge difference in price between the exchanges.

First of all I doubt that they won't let those coins to be listed on CMC, since coinmarket cap was acquired by binance they are changing lot of metrics and features so I feel this also will be included.

Maybe you are right, but personally i don't trust the team behind cmc as i know how many times i discovered that it promotes shit coins or reporting fake trading volumes for many scam exchanges. It won't bother them to list coins with the same brand and create that sort of confusion even for a determined short period of time then just delist it after someone officially reported it.
The example i gave above was a catastrophy, please search for more details about it.