Its not fair that yobit got banned

[lobcmt2]

It’s not fair they were able to take advantage of the forum by causing massive amounts of spammers to create nonsense posts in masse to advertise their business, harming the community in the process.

One word: Disrespectfulness
There are few reasons mentioned, but I believe that the main reason of Yobit ban is the way Yobit team dis-respect the forum, includes admins. I agreed with you, QS, that they took advantage of the forum, biggest on in crypto, to build traffics for their site, and additional benefits. Yobit should be banned next time, maybe with permanent bans on their campaign if they keep showing disrespectfulness this way.

[mk4]

Ok, they need quantity ?  That can be done by hiring 100 - 200 people with proper trusted manager. Win Win situation for everyone...  Quantity + Quality

Yes. They can definitely do that, but it's definitely cheaper for them to go the spam route. Though hiring a lot of good posters with a decent campaign manager can work a lot better in the long term, they might just be looking at the short term. Good thing YoBit got banned.

NOTE: I'm definitely not defending YoBit and I'm definitely not defending spammers. I'm just trying to look at their point of view on why they would think this move might be beneficial for them.

[Pmalek]

I am sure the spam will be the same, but if you do not give them 48 hours to ban the spammers from participating in the campaign how is that even fair?

They should have done what other campaigns did. They hired a professional bounty manager who checked the post history of the users who applied and accepted only those who have contributed positively to the forum.

There were some talks about the Stake campaign the other day as well and if I remember correctly some of the owners promised that they would improve the quality of the campaign which is a positive thing.

[The Sceptical Chymist]

I thought this was supposed to be a decentralized fourm,

It's not. Never has been. It's a centralised forum with rules and anyone can be banned for breaking them.

Agree with this.  Bitcoin and other cryptos have their advantage in being decentralized, but a discussion forum?  Hell no, it needs some leadership. 

Can you imagine if Theymos didn't take care of the Yobit situation or introduce the merit system?  This forum would just be pure spam.  Nobody except sig spammers and their enemies would be here, and it would be open war between them.  I don't know about stake, but the Yobit situation blew up massively very quickly and wasn't abating.  Theymos did the right thing (though I'm not sure about the continued ban).  If Yobit changed their sig campaign structure there probably wouldn't be an issue.

[lobcmt2]

They hired a professional bounty manager

They should do this, or at least they should show their minimum respectfulness on the forum by having campaign manager, even low-quality manager. Then, with low-quality manager, other rules might be violated, but it is another step with quality of their campaign. Stake is different, because at least their owners (@Stunna), and their managers show us that they actually listened to community discussion. Recent day, Stake.com campaign started to re-choose their participants, by removing low quality participants (as they promised)

[UmerIdrees]

I thought this was supposed to be a decentralized fourm,

It's not. Never has been. It's a centralised forum with rules and anyone can be banned for breaking them.

Agree with this.  Bitcoin and other cryptos have their advantage in being decentralized, but a discussion forum?  Hell no, it needs some leadership. 

Can you imagine if Theymos didn't take care of the Yobit situation or introduce the merit system?  This forum would just be pure spam.  Nobody except sig spammers and their enemies would be here, and it would be open war between them.  I don't know about stake, but the Yobit situation blew up massively very quickly and wasn't abating.  Theymos did the right thing (though I'm not sure about the continued ban).  If Yobit changed their sig campaign structure there probably wouldn't be an issue.

I don't think this forum is completely centralized. If it was, then no one would have been freely speaking against the system. They would have been banned as soon as they spoke bad about the forum rules. The freedom of speech exists here.

Crypto is decentralized but it does have rules. Miners cannot take advantage of the system , neither they can reverse or make fake transactions. Even if they try to do, they need to be clear in majority (51% attack).  Similarly  Merit, trust , rankings etc are the rules of this forum and no one can bypass them.  This does not make it centralized.

[Csmiami]

I thought this was supposed to be a decentralized fourm,

It's not. Never has been. It's a centralised forum with rules and anyone can be banned for breaking them.

Agree with this.  Bitcoin and other cryptos have their advantage in being decentralized, but a discussion forum?  Hell no, it needs some leadership. 

Can you imagine if Theymos didn't take care of the Yobit situation or introduce the merit system?  This forum would just be pure spam.  Nobody except sig spammers and their enemies would be here, and it would be open war between them.  I don't know about stake, but the Yobit situation blew up massively very quickly and wasn't abating.  Theymos did the right thing (though I'm not sure about the continued ban).  If Yobit changed their sig campaign structure there probably wouldn't be an issue.

I don't think this forum is completely centralized. If it was, then no one would have been freely speaking against the system. They would have been banned as soon as they spoke bad about the forum rules. The freedom of speech exists here.

Crypto is decentralized but it does have rules. Miners cannot take advantage of the system , neither they can reverse or make fake transactions. Even if they try to do, they need to be clear in majority (51% attack).  Similarly  Merit, trust , rankings etc are the rules of this forum and no one can bypass them.  This does not make it centralized.

There is a difference between centralization and dictatorship

[JaredKaragen]

I was on their sig campaign, but i was one of the actual good posters and never changed my habbits when I joined the program...
but...


They did not care about the forum campaign rules as I figured out as time went on;   they only topped off the payment wallet once or twice a year last year...   and my guess is the spammers were in bounty and other sub-forums I didnt visit, because I never really saw many yobit ads in the altcoin or hardware sections.  They never had any active campaign managers, and they have extremely poor tech support.   Their concept of trying to get a wallet online is re-launching the wallet and hoping their blockchain doesnt need rebuilt, or they will just offline the wallet again....  Theres a huge list of issues I have had with yobit personally, and to be fair;  I have tried to help out many many people on this forum whom have been scammed with something in relation to yobit; weather it was them falling for a telegram scam, having a hacked browser extension, visiting a fake yobit site, depositing incorrect funds to incorrect wallets.... the list goes on as well.....


I will admit;  the only thing that kept me on their sig campaign was the fact they paid .0003BTC flat per post to legendary.    Nobody came close to paying that.    On the days/weeks where things were busy for me on this forum (like when I was updating my batches a year or two ago, or when XMR is going through upgrades)  I could easily get an extra $40-150 in crypto just by doing what i was gonna do anyways.  During the height of 15K+ BTC...  I was legitimately making a ridiculous amount of coin.... and it paid 80% of my living expenses since I have been on disability and sick for several years.

Rock and a hard place... y'know?

[actmyname]

It may work with airdroppers that only want to make a quick buck dumping their shitcoins, but to atract any "important"/sensible user, they should start resolving their support tickets once in a while (I have an unanswered one since March 2018 as an example)

They clearly aren't hurting for users.

If you think about it, they certainly do garner a lot of money from shitcoins. But it's not even the airdroppers -- you have to understand, there are plenty of ignorant users that YoBit capitalizes upon. They even have their outrageous dice game with a crazy house edge and their "IEO" pump & dumps. All these can interest newbies or even perhaps older users that think they have a chance of earning money with low-volume/mcap coins.

[JaredKaragen]

It may work with airdroppers that only want to make a quick buck dumping their shitcoins, but to atract any "important"/sensible user, they should start resolving their support tickets once in a while (I have an unanswered one since March 2018 as an example)

They clearly aren't hurting for users.

If you think about it, they certainly do garner a lot of money from shitcoins. But it's not even the airdroppers -- you have to understand, there are plenty of ignorant users that YoBit capitalizes upon. They even have their outrageous dice game with a crazy house edge and their "IEO" pump & dumps. All these can interest newbies or even perhaps older users that think they have a chance of earning money with low-volume/mcap coins.

just about anything on IB is crooked and not trustable on their site... and anything worthwhile; carries a hefty minimum risk every day...  you are scamming yourself.

some time ago, you could easily spot the traps because bots were trading in sub-minimum allowed amounts...

The constant forks/re-consolidations/denomination changes, and other such nonsense.... I just don't get how people fall for it.  Its soo obvious....  

The thing I never understood is: their ETC free .01/day.... where did it come from?   It originally was enabled somewhere just after the recent big ETC blunder.  I acquired quite a bit before the section went offline; and it sits in my coinbase account now....

I have some very interesting unanswered support tickets as well;  such as asking why they keep a sidechain of VSX/XVS (VSync) up when clearly every other exchange is on a completely different chain....   Or why they refuse to update certain wallets by deleting the blockchain and rebuilding it as is needed in their case....  their attempt at fixing it is just turning the wallet back on for a few days so the status changes slightly....

I never liked having to send a micro TX for fear of not receiving my actual full TX....

They deserve what has happened;  I just wished I had been warned before the sig ban instead of thinking my account was hacked due to a changed sig....


*edit*
imagine this "IB strategy":
Take mass funds (most IB require .1-1BTC worth of investment)
Dump mass funds dropping price after enough of a bankroll is gathered.
Watch price drop and buyback at lower rate.

Everyone screwed who used IB.


This is probably whats happening.

[Chris!]

It's 2019 and Yobit isn't permabanned from the forum yet? You'd better thank your lucky stars. That crappy wash trading exchange's whole signature campaign should have been blown to oblivion years ago.

[LogitechMouse]

I thought this was supposed to be a decentralized fourm,

It's not. Never has been. It's a centralised forum with rules and anyone can be banned for breaking them.

If this is a decentralized forum then nobody must act as a leader right now or a admin or moderator. Nobody must be banned for breaking the rules. This is a centralized forum and it is being managed by different admins.

Now regarding yobit. To be honest, I didn't know when is the time that they launched their first signature campaign here (because I'm not here at that time) but I've heard different negative news regarding them.

20 posts a day?? With no restriction or nothing. They will just recruit whoever join in their signature campaign and will start spamming here in the forum. Yobit is a shit exchange full of shitcoins so a ban for them is just enough to at least reduce the spam here in the forum .

[Csmiami]

It may work with airdroppers that only want to make a quick buck dumping their shitcoins, but to atract any "important"/sensible user, they should start resolving their support tickets once in a while (I have an unanswered one since March 2018 as an example)

They clearly aren't hurting for users.

If you think about it, they certainly do garner a lot of money from shitcoins. But it's not even the airdroppers -- you have to understand, there are plenty of ignorant users that YoBit capitalizes upon. They even have their outrageous dice game with a crazy house edge and their "IEO" pump & dumps. All these can interest newbies or even perhaps older users that think they have a chance of earning money with low-volume/mcap coins.

Not to talk about their own YOVI token, with Rise-Only-Market rule