Coin cleansing

[Aniwura]

If other big exchanges should announce the delisting of BSV, it then means so many investors will lose.
What baffles me most, is that, how do investors  recover their money...
At least, so many of them were not aware that such would happen.

[Altcoinrusher]

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.

If that will be the case for BSV which I assumed will be retained in other exchanges, then I think the cryptocommunity might also boycott those that don't heed to the pulse of the people. I also think this events are a good starting point for exchanges to review or evaluate existing coins on their platforms and de-list those that don't adhere to their standards which in effect could benefit the whole cryptocommunity.

[Twinkledoe]

Many exchanges are still for the profit they are getting from a certain coin, so they will not be ready to delist those crap coins as long as they are earning something. If small exchanges will delist those scam coins, pumpndump ones, they might not thrive in the market. But the move of Binance to delist BSV is a very bold move.

[coin-investor]

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'm on it, I want coins delisted because we have thousands of useless coins in the market, the market is saturated with useless coins and projects, but in the case of Bitcoin SV it's quite different, they are one of the top coins in the market, I don't know the real issue politics has something to do with it or because members wants to retaliate against Wright. The cryptocurrency has been mired in controversy due to its supporters Craig Wright and Calvin Ayre, who have threatened various members of the community with lawsuits over public claims that Wright is not Satoshi Nakomoto..

[Supercrypt]

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 am not sure they have done that yet till the 22nd of this month and it is really a wise decision for them to have made not putting their own personal interest or lost into consideration, which is really a plus to Binance.

I am happy Binance is leading by example and I can see that other exchanges are beginning to do so, we need more of these activities to really clean off bad projects from the market, or project that are strictly bent on just playing with people’s emotion and their hard earned money.  This will sound a great warning to other projects that think we are here to just make fun and collect people’s money for nothing.

[hiburak]

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 think that's going to happen naturally over time. Why would an exchange waste resources on something with very volume?

They did it last year because they received huge exchange fees, but I don't think that will happen in the coming years.

[eternalgloom]

Well it would have been better if they had just not listed it in the first place.
I mean, if you know anything about Wright's history, then you would have know that something like this was bound to happen some day.

The size of that man's ego is just enormous and if I ran an exchange I would not want to have anything listed that had his name attached to it.

[Perie200]

Unfortunately, the cryptocurrency market is very polluted with all sorts of unnecessary garbage, sooner or later it will need to be removed.I will not mind if there are only worthy coins that bring real benefit to the crypto world!

[IParn]

Unfortunately, the cryptocurrency market is very polluted with all sorts of unnecessary garbage, sooner or later it will need to be removed.I will not mind if there are only worthy coins that bring real benefit to the crypto world!

I agree a lot of banknotes.  But I can not even imagine how you can get rid of them en masse.  It is very sad to realize that they can build to increase their number.  Because nobody controls it.

[Kevin77]

Wow, this is why I like binance so much, they don't joke with their investors and they also don't joke with their words too, they always make sure to deliver on what they have promised, I believe this is going to shoot wright up who have been ranting all over the media saying that he is satoshi who invented bitcoin, when we are all not convinced that he is not satoshi and can never be satoshi, I think every platform needs to take this decision that binance has taken so that together we can secure this our great community from threat.

I received mail mentioning that kraken will be delisting BCHSV and read some where shapeshit will be joining for delisting but I just checked in bittrex that BCHSV gained some 1+% and trading above 0.011BTC and I am not happy as its crash may help bitcoin to recover up to $6800 levels.

[boazsalosa]

Unfortunately, the cryptocurrency market is very polluted with all sorts of unnecessary garbage, sooner or later it will need to be removed.I will not mind if there are only worthy coins that bring real benefit to the crypto world!

Yes, useful tokens are worthy of defense, so all the exchanges should be better to give information that BSV might be removed from the list is not useful.

[Wale777]

Delisting all shitcoins is a welcome idea , there are bunch of coins that have little or no volume at all, delisting these altcoins will serve as deterrent to others not willing to fully develop their project. They just want to make money off unsuspecting investors

[rosebrand]

Delisting all shitcoins is a welcome idea , there are bunch of coins that have little or no volume at all, delisting these altcoins will serve as deterrent to others not willing to fully develop their project. They just want to make money off unsuspecting investors

positive things by eliminating shitcoin in every market and moving forward will be better
there are only good coins that will continue to survive in the market even though the price is low but still have an active team for its development.
with the passage of time and the rapid growth of ICO in crypto, it cannot be denied that there are many evil brains that use crypto to commit fraud so that they can easily withdraw money from making ICO
but there is a downside to the elimination of tokens that many of the holders of these tokens suffer losses

[Catmurs]

Unfortunately, the cryptocurrency market is very polluted with all sorts of unnecessary garbage, sooner or later it will need to be removed.I will not mind if there are only worthy coins that bring real benefit to the crypto world!

Well, those projects that are aging and no one needs go down in capitalization , and those who behave actively will clearly be in the top , and the exchange clean from time to time dead coins

[FelippeHeinz]

It was deslisted because it really is a bad project. While we have many good projects in anonymity we see shitcoins as the BSV in big exchange.

[glendall]

BCHSV is deleted by binance not because BCHSV is shitcoin, but for other reasons,
if I am not mistaken, the BCHSV is deleted because the reason is the BCH fork and makes BTC fall from 6000 usd to 3400 USD,
and I'm sure BTC activists will remember this incident.

[pooh95]

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 am ok with this so-called coin cleansing, which is delisting shitcoins and coins that do not deliver volume and their roadmap, we can get rid of useless coins in the market, and it will not be used in the pump and dump scheme by some traders, but I doubt if they can collaborate with delisting, each exchange are minding their own business.

I also believe that the time has come to get rid of empty coins that simply collected money and did not do any work without following the roadmap. Now there are a lot of them, I think that such a measure, as their removal from trade, will have a positive impact on the entire cryptoindustry.

[Rtalk]

In the case of BSV which is excluded from trading, the exchange Binance and other platforms - I think that the important factor is not that it is shitcoin, and the fact that the leader of the exchange Binance had disagreements with Craig Wright.
On the exchange of Binance traded a lot of coins that are even more useless than BSV, but for some reason they are not so often removed.

[CryptoIyke]

Certainly the process will be a continuous one, not every coin will last for a lifetime, some will be short lived while others will outlive their expectation. Technology is improving and every project is supposed to solve a particular technology issue, due to the competition and some projects being stronger than others in similar fields, they tend to know of the less stronger ones and this starts by being delisted from certain exchanges and as exchanges develop, they tend to change their criteria on listing

[Idoe]

Indeed cleaning the coin needs to be done to avoid undesirable things. Moreover, coins that are unproductive and without enthusiasts, there should be no coins. Exchange policy must indeed be done for the future of the exchange so that it can function in accordance with its objectives.