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Author Topic: let's dig into a shitcoin together (Dimension Chain EON)  (Read 42 times)
CRYPTORALF
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November 04, 2019, 11:53:01 AM
Merited by tk808 (1)
 #1

My current hobby is to look at new coins / tokens and decide whether they smell like shit or not (disclaimer: I only do this in the digital world).

Currently looking at Dimension Chain EON (https://coinmarketcap.com/currencies/dimension-chain/) and their description looks like the result of an exam where you have to put as many fancy words as possible into one paragraph:

"Dimension aims to build a next-generation enterprise-grade blockchain network service, by using C.H.A.O.S. (hybrid consensus, dynamic node, and cross-consensus engine) and DeCommerce service framework (decentralized storage system, decentralized computing framework, and decentralized data trading platform). With the adaptive functionality of the multi-sidechain model, Dimension-X, Dimension aims to satisfy the needs of different business scenarios. It also features a community governance system, which aims to facilitate a more efficient and friendly blockchain environment and ecosystem."

But a look at their website reveals a team and, yes, indeed, also a plan. Scimming the whitepaper, however, leaves me more confused than I was before (now what do they want to achieve? decentralized commerce? some big data thing? something else?); and most importantly, they haven't published much code.

So after 10 minute looking at this coin (it's my goal to never need more than 10 minutes to identify a shitcoin), my conclusion: stay away from this one. I wouldn't say it's a scam, but a project that doesn't know what it wants and how to achieve it.

If you also had a look at this coin, please share your shitsights!

Moreover, I know that I might be wrong and if that's the case, I'm really sorry (and dumb).
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Last of the V8s
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November 04, 2019, 12:03:17 PM
 #2

Please move your thread to alts discussion.
Yes they will obviously lose people money in the long run but no they haven't strictly-speaking scammed anyone yet.
edit: oh hey. moved.
was gonna say compare your thread to his https://bitcointalk.org/index.php?topic=5198520.0 which seems on skimming to have evidence of money lost.
anyway well done you are learning that there's very little new under the sun, all these new coins are created either by sadly confused little pricks who delude themselves they have a clue instead of sucking the bitcoin cock, or by malice-aforethought scammers.

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November 05, 2019, 05:41:57 PM
 #3

Ahah, thanks for your topic. I totally agree with you, buddy. Unfortunately, there are a lot of such projects, they want to do something and they also want money, but they don’t understand what they need to do to succeed.

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