And who would determine what to be bad news or good news, and how could we trust that person. What when this person sleeps. Is there going to be a dedicated team doing this? Or if it is crowdsourced, how do we only get trustworthy people into the system?
This is a community project, if it is good service or bad is up to people who are joining it. There are people with common goal. You have always trust someone at some point when joining anything. Even exchanges, who guarantee you that someone in charge of exchange won't steal your money there? Goxed people could talk about that I think, there is always some portion of trust. BTC report service is not some ultimate tool with guarantees you will be alerted always in time. This tool couldn't exist. It is up to you people, how good it will be. I have faith in Bitcoin community.