Coin cleansing

[legendster]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

You should have read the fire-spitting tweets from Calvin Ayre when bsv was delisted. It was hilarious! He outright called Binance a criminal organization! Apparently, he had no issues with such a criminal corporation right up until bsv's delisting.

No amount of cleansing will save bsv, it should be buried and forgotten about. Sadly we know that won't happen.

[pushups44]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

What constitutes a shitcoin is subjective. However, exchanges absolutely should delist coins that are promoted through the use of fraud or by unethical means. By delisting BSV, Binance has gained enormous credibility in the community. Sometimes doing what's right pays off in the long run.

[semobo]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

Exchange will not delist a coin if they have enough trade going on for that coin they don't do this depend on the quality of the project.

[cepot9]

actions like this are right and are needed to restore market conditions to be better, indeed a bad project will disappear by itself but rather than them mushrooming and causing the market to become bad actions like this are very appropriate

[bakermaker123]

I think delisting a coin is very important especially on big exchanges since this is where the buyers buy the coin and if it turns out to be a scam, it should be the exchange's fault. They list the coin that's why the buyers thought that the project is legitimate. That's primarily the reason why cleansing is important.

[Mrsparks]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

I don't see the delisting of BSV by binance as a cleansing operation, rather it's a case of personal vendatta. Yes I understand we have had one too many folks leading to shitcoins perforating the space but the BSV case to me is just an unwarranted show of power by CZ.

[hyunee]

Without delisting, I think the shitcoins will disappear because there is no interest from the people to trade. Besides that, if the project is abandoned, then people don't have to follow them again, and it's better to move to the other project which could be profitable in the future. It depends on the exchanges itself, and if they think that delisting the shitcoin will be great for them, they will delete the shitcoin to refreshing the market and people will see the difference.

As long as there would be exchanges to have that shitcoin on their platform, that shitcoin will never disappear more absurdly if that coin is listed on a trusted exchange. I'm not saying the morale of the exchange will go down but a shitcoin shouldn't be listed at the first place.

[Vishnu.Reang]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

I don't think that the smaller exchanges are going to delist BSV. Actually they don't have a choice and many of them desperately need the additional revenue. If the major exchanges ban BSV, then the traders are going to flock to the smaller ones. And in the end, money matters for the exchanges.

[Danslip]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

After the decision of Binance situation changes against the BCH and Bitcoin SV. In my opinion, hard forks are unnecessary if there is no real solution to the old chains. Hope all shitcoins are delisted by big exchanges soon.

[pushups44]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

I don't think that the smaller exchanges are going to delist BSV. Actually they don't have a choice and many of them desperately need the additional revenue. If the major exchanges ban BSV, then the traders are going to flock to the smaller ones. And in the end, money matters for the exchanges.

Yes, the smaller exchanges that trade BSV may earn additional revenue, but they will carry the stain of not upholding the higher ethical standards of other exchanges. I personally do not want to do business with exchanges that are desperate for cash, because that's a sign they are more likely to go belly-up or engage in other shady practices.

[serjent05]

If they are not benefitting anymore from the coin then better remove it from the list. There are too numerous currencies listed and sometimes the site is becoming too congested and to have a dead coin in their list with no one buying or trading for it, not even searching then it would not do them any harm to remove it specially if the project is also dead.

[carlfebz2]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

Not possible because most of coins listed on exchangers even to those popular ones are also shit coins.They do only gain volume and support thats why they are being listed
and we know that exchangers as business so its just normal for them to list out those coins yet they know that they will benefit.

[Adriano2010]

Maybe most of exchanges still keep them because there is some trade volume and also some smaller exchanges try to survive and some of them don't delist shitcoins, but i think clear if all shitcoins will be delisted will help bitcoin grow more maybe.

[hummer113]

A centralized exchange can delisted or listed coins at its discretion, this is normal. But I think it is good when exchange delist dead projects or scam.

[Hans Groober]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

There are a lot of shitty coins on Binance and other stock exchanges, but they will delist BSV.
I think it has little to do with the coin itself, it’s an organized action to lower a pretty good coin to zero and take its investment for yourself.
This is a bad precedent.

[livingfree]

They have to but I doubt it that they will act like Binance. They need volume for their site and as long as that shit coin has a good volume, they will not delist it. And also, they earn from listing a coin/token and that's how they make money from those coins that doesn't have real value at all.
I like the idea of coin cleansing so that most of the market cap should flow again to the best coins and it won't be divided to any other coin. People will now focus with the very best.

[tomahawk9]

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

It doesn't risk anything, exchanges are private companies and they're centralized, they have every right to list or delist whatever they want.

About a "cleansing", they could've done it a long time ago, but the thing is that those shitcoins and pump and dump cryptos generate money, and exchanges love making money so it's very unlikely that they're gonna start delisting every shitcoin in the market (that would be about 90% of the cryptos in the market). But make no mistake, exchanges do delist shitcoins every now and then, it's just that they keep popping up.

I think exchanges would rather let the market decide which coin survives and which doesn't. With BSV, that's a whole different story, there was hostility, lies, and toxicity from the BSV camp being spread around the cryptosphere and that had to stop.

[creeps]

So binance have delisted BSV and hopefully others will follow soon. Should exchanges collaborate and delist all the other shitcoins?

Coin cleansing will help the crypto economy by focusing more on real projects, but it risks centralisation

This should be done regularly and if the coins is not that productive then delisted is the best option for them. Binance is known for a strict policy and regulations, its actually good to delist shitcoin like BSV but some may still not do the same thing because some traders are still active with the shitcoins, investors should stay away from that.

[avonka]

The market will decide on shitcoins, if they do not represent value there will be no trading volume and exchanges will delist them automatically one by one.

[EdenHazard]

I read some articles a few days back about Binance CEO and that has made surprised me. But irrespectively from that I still have a doubt about why they intend to delist BCHSV? if we look at the volume side and the position of BCHSV in coinmarketcap still has a chance to overtake some coins which is above it and by its position maybe you will have a doubt also, Bitcoin SV now is in the position 14 based on CMC but there is a thousand of altcoin who still listed in some exchange which in the last position.