[IDEEA] Relative simple ideea to stop pump 'n dumps

[qiuness]

I thought about this quite a lot since this hurts the altcoin market.

Anyway to the ideea:
Using some fancy scrypting we could have the exchange sites read bitcointalk when a new coin is announced and watch for the block creation. When it hits 100 it enables trading, thus stabilizing the price quickly.

[com911]

I thought about this quite a lot since this hurts the altcoin market.

Anyway to the ideea:
Using some fancy scrypting we could have the exchange sites read bitcointalk when a new coin is announced and watch for the block creation. When it hits 100 it enables trading, thus stabilizing the price quickly.

~50 (+3 every day) currencies at exchange? Which exchange site will adopt it?

[Hydroponica]

I have a much simpler solution. If there are no buyers, there can be no dump

[Barnacle_Ed]

I have a much simpler solution. If there are no buyers, there can be no dump

There will always be buyers...everyone and his grandmother wants to hop aboard the shortbus of a new coin in vague hopes that it turns into a rocket ship someday. Inevitability of free market.

[vinne81]

I have a much simpler solution. If there are no buyers, there can be no dump

There will always be buyers...everyone and his grandmother wants to hop aboard the shortbus of a new coin in vague hopes that it turns into a rocket ship someday. Inevitability of free market.

True, what can one do about it 

Splti up Alt Cryptos on this forum in

coins < 3 months
coins > 3 months

?

[Barnacle_Ed]

True, what can one do about it 

Splti up Alt Cryptos on this forum in

coins < 3 months
coins > 3 months

?

This would be simple to do if each coin's announcement thread title was in a uniform format, which would make finding the timestamp for each coin's creation a simple ordeal.As-is, there's quite a bit of guesswork since the formats are all over the place...you can't even just grep for the keyword "ANN" and see if the word "coin" is in the title, since not all announcement threads use the ANN tag.



I've been fiddling with a tweak to my "coin popularity" script that will automatically find the names of all coins, so I'm hitting the above problem already. I think something like this could have merit, separating out the more-established altchains from the pump-n-dumps.

[BrewCrewFan]

never mind

[fran2k]

I thought about this quite a lot since this hurts the altcoin market.

Anyway to the ideea:
Using some fancy scrypting we could have the exchange sites read bitcointalk when a new coin is announced and watch for the block creation. When it hits 100 it enables trading, thus stabilizing the price quickly.

~50 (+3 every day) currencies at exchange? Which exchange site will adopt it?

Cryptsy?

[nfuse]

maybe a limit on max coins to sell @ once per user?

[willhash4food]

I thought about this quite a lot since this hurts the altcoin market.

Anyway to the ideea:
Using some fancy scrypting we could have the exchange sites read bitcointalk when a new coin is announced and watch for the block creation. When it hits 100 it enables trading, thus stabilizing the price quickly.

I couldn't agree more. But not in the sense of stopping pump and dumps... in the sense of eliminating shit coins all together. If all coins go immediately to an exchange, developers will have more to think about when working on coin ideas.

As coins with lack-of-interest die and start piling up on the exchange with no activity, it will give more incentive to create new ones that maintain long-term trading.