Operation Shitcoin Cleanout and Clean Up Has Begun- Join the Revolution- Re-open

[Bobsurplus]

Add DIBBITS, GLOBE, CIRC, ASN, VIRAL  to the list.

thanks

CIRC IS NOT A SCAM!!!!!

THIS PERSON IS A TROLL!!!!!

Can you please provide some facts demonstrating that CIRC isn't a scam, rather than a brief statement which leaves readers to take your word for it?

"Oh hey they said "CIRC IS NOT A SCAM!!!!!" over on bitcointalk, so imma go with that."

How about asking unusualfacts30 to prove its a scam after posting nothing but "add this this and this to your list"

Maybe check Circuits out for yourself too.
If you're lazy thats ok. I'll point out what circ has going for it.

-strong community
-strong markets
-best wallet in crypto
-very active devs both on the forum and in the slacks.
-whales lounge
-traders lounge
-in wallet trading bot coming
-in wallet casino coming
-in wallet audio and video


Im sure im missing some things here but you get the picture.

[1713487062]

1713487062

[1713487062]

1713487062

[sidhujag]

Add DIBBITS, GLOBE, CIRC, ASN, VIRAL  to the list.

thanks

CIRC IS NOT A SCAM!!!!!

THIS PERSON IS A TROLL!!!!!

Can you please provide some facts demonstrating that CIRC isn't a scam, rather than a brief statement which leaves readers to take your word for it?

"Oh hey they said "CIRC IS NOT A SCAM!!!!!" over on bitcointalk, so imma go with that."

How about asking unusualfacts30 to prove its a scam after posting nothing but "add this this and this to your list"

Maybe check Circuits out for yourself too.
If you're lazy thats ok. I'll point out what circ has going for it.

-strong community
-strong markets
-best wallet in crypto
-very active devs both on the forum and in the slacks.
-whales lounge
-traders lounge
-in wallet trading bot coming
-in wallet casino coming
-in wallet audio and video


Im sure im missing some things here but you get the picture.

meh

[smooth]

Bytecoin (BCN) - First cryptonote, lots of fancy new features, but with 80+% premine, seems shady as shit. (Also, such a huge concentration of wealth can apparently break the anonymity afforded by ring signatures.)

Outed for running a scam crypto "news" site and using it to shill their premine

https://www.reddit.com/r/Bitcoin/comments/3g1rpx/mad_bitcoins_on_twitter_the_truth_behind/

[unusualfacts30]

1 - Make Exchanges Regulated - I blame them 101% for listing all these scams because they're greedy and playing big role in it
2 - If Altcoin isn't over 6-12 months old they shouldn't be on any EXCHANGE. Once they've proven that they deserve to be listed on an exchange only then they should be listed.
3 - For first six months Dev needs to set up their own website on their server and allow people to buy their altcoin with Fiat NOT BTC. Every scam that enters hurt BTC price because people swap their BTC for these shitcoins and then scammer sells all those Bitcoins for Fiat.
4 - Once Dev is delivering and project is moving upward it can be listed on an exchange where it can have pleasure to be traded with Big Boss (BTC).

[siameze]

Bytecoin (BCN) - First cryptonote, lots of fancy new features, but with 80+% premine, seems shady as shit. (Also, such a huge concentration of wealth can apparently break the anonymity afforded by ring signatures.)

Outed for running a scam crypto "news" site and using it to shill their premine

https://www.reddit.com/r/Bitcoin/comments/3g1rpx/mad_bitcoins_on_twitter_the_truth_behind/

This seems to a pretty common tactic, if a "coin creator" can't bribe or otherwise get cryptonews sources to publish PR about them, they simply create a "news" site to perpetuate the scam. reddcoin did it with coinbrief, I am sure there are many more examples others can list.

[Crestington]

I wonder how long it will be until Garza lands in court.

[iCEBREAKER]

I wonder how long it will be until Duffield, Moncada, and Boo land in court.

fify

[Crestington]

I wonder how long it will be until Duffield, Moncada, and Boo land in court.

fify

It was actually meant for the GAW thread, there are lots of threads to lurk and few worth posting on. I know many Monero supporters dislike Dufflield a lot, but who is Moncada and Boo land?

[ridery99]

Add DIBBITS, GLOBE, CIRC, ASN, VIRAL  to the list.

thanks

yes those coins are just finishing their "whales manipulation and hype" phase and moving to the "bag holding and believing" phase (dead coin).
please add to the list  

[szenekonzept]

Hy my Name is Matthias Klees, i have taken over Europecoin and rebooted it. Now after over a year of work, continous Wallet development and  a small community, that has proven, to be passioned with our cause and had survived many threads, dumps and other challange, i'd like to ask everyone, that maintaines a "scamcoin" list, like this, to look into our project and, if unsure, ask questions and finally to remove Europecoin from his list (and telling his community). I "recycled" this coin because

1) this coin is intended to demonstrate the possibilitys on educational efforts, but why should i waste energy to mine another altcoin, if the main focus isn't a technical innovation (though we are doing more innovations on our wallet, then many of those, who claim themselfs as innovation)
2) I liked the name, i knew and liked the  people who mined it and simply i've mined 100 000 myself, and it was the first coin i ever had.
3) I was curious, if a reboot of a dead currency is possible, and being a poor programmer, i wanted to have a simple base, that is able to grow with my possibilitys.

some links for your research:

Our cause (and website)
http://www.europecoin.eu.org/europecoin-cryptocurrency-community-4

our thread:
https://bitcointalk.org/index.php?topic=901605.0

on Twitter:
https://twitter.com/europecoinEUORG

Telling the whole story here would just waste your time, as you can find it in our Op and by reading the thead, Over time our  possibility have grown and our goals and efforts have been growing broader then i can write here. We are the only coin that got RElisted by Bittrex and survived the initial dumps of those who just (understandable) wanted to forget about that coin.

thank you for your time
ask me when ever and what ever you like
Matthias Klees

.

[1369]

I'm still pissed off that TrollCoin ISN'T on this list, we have worked our hot little asses off to ensure TrollCoin embodies the pure essence of shit!

[sidhujag]

I'm still pissed off that TrollCoin ISN'T on this list, we have worked our hot little asses off to ensure TrollCoin embodies the pure essence of shit!

It should be nuked out of the universe

[TrueAnon]

Add DIBBITS, GLOBE, CIRC, ASN, VIRAL  to the list.

thanks

CIRC IS NOT A SCAM!!!!!

THIS PERSON IS A TROLL!!!!!

Can you please provide some facts demonstrating that CIRC isn't a scam, rather than a brief statement which leaves readers to take your word for it?

"Oh hey they said "CIRC IS NOT A SCAM!!!!!" over on bitcointalk, so imma go with that."

How about asking unusualfacts30 to prove its a scam after posting nothing but "add this this and this to your list"

Maybe check Circuits out for yourself too.
If you're lazy thats ok. I'll point out what circ has going for it.

-strong community
-strong markets
-best wallet in crypto
-very active devs both on the forum and in the slacks.
-whales lounge
-traders lounge
-in wallet trading bot coming
-in wallet casino coming
-in wallet audio and video


Im sure im missing some things here but you get the picture.

LOL SURPLUS WHERE ARE YOU NOW HUH?

fuck.

[1369]

I'm still pissed off that TrollCoin ISN'T on this list, we have worked our hot little asses off to ensure TrollCoin embodies the pure essence of shit!

It should be nuked out of the universe

Ahhh, thx, I needed that!

[BARR_Official]

For the altcoins that just won't die, and are still being traded on exchanges, I think it will help if we send their entire coin supplies to burn addresses.

[Spoetnik]

I was surprised to see this topic brought back.. oh the memories LOL

Barr that is an interesting idea.. i seen it brought up waaaay back but it was a matter of who pays the bill.
For example if a coin is still limping along on at least one exchange (no matter how low the value) then what ?
people are not going to want to destroy their coins if they still have *some value i think.
So what do you do ? Buy them from them ? or exchange for some other coin ?
doing that *could actually cause a resurgence in a dead coin getting guys to round up old coins to cash them in
sort of like collecting beer cans to return them for the deposit..

[BARR_Official]

I was surprised to see this topic brought back.. oh the memories LOL

Barr that is an interesting idea.. i seen it brought up waaaay back but it was a matter of who pays the bill.
For example if a coin is still limping along on at least one exchange (no matter how low the value) then what ?
people are not going to want to destroy their coins if they still have *some value i think.
So what do you do ? Buy them from them ? or exchange for some other coin ?
doing that *could actually cause a resurgence in a dead coin getting guys to round up old coins to cash them in
sort of like collecting beer cans to return them for the deposit..

As long as a coin is listed on an exchange and people are buying, people are still becoming bagholders.  And as long as there are 2 bagholders and 2 nodes, the coin won't die.

So we offer a 30-day period to burn the coins and exchange them for BARR.  During the burn period, we attempt to keep adequate buywalls on exchanges for people who just want to dump instead of exchanging.  (That gives them a simpler option to get out of the coin, and also it keeps most of the dumpers out of BARR.)

But at the end of the 30 days, we stop buying of course.  If the coin deserves to die, and most active users switched to BARR, then the market will crash as soon as we stop buying.  Or, hopefully, there won't be enough coins left to keep a market open anyway. 

As to who pays the bill - obviously we don't have enough BTC to buy all the altcoins.  But as long as the trading activity is roughly equal between BARR and the altcoin we're currently burning, it will balance itself out and there will be enough people buying to match the people selling - the only way to "mine" BARR is by burning altcoins, so people will buy the altcoins to get BARR.  But only for 30 days. 

When there is finally some real volume for these altcoins, we will see how many people really want to keep their coins, and how many of them will gladly sell their coins even knowing that the coins will be destroyed.

We've put a lot of thought into how we can limit market manipulation, so we have restrictions on which coins will be accepted.  No brand-new coins, no coins with huge stake rewards that can regain a big supply after we burn most of it.  If it doesn't look like there will be a lot of participation for a given coin, we'll probably skip it.  But even if we offer it for burn redemption, the worst that can happen is that we only burn a few coins. 

Someone here has predicted that we'll only burn 1% to 5% max of a coin's supply;  I predict that very few people are emotionally attached to their altcoins, and most are desperate to get rid of them and will jump at a fair offer. 

Hopefully the main people who benefit are the ones who already hold the coins.  Just like a normal coinswap/hardfork/new blockchain, the main holders of Altcoin2.0 are the people who were already holders of Altcoin1.0.  So the main holders of BARR will be the people who already mined and held these altcoins.  The purpose of buywalls is to keep the price of the altcoins up during the swap, so nobody can get tons of BARR for cheap and then dump it, so the people who swapped their altcoins will be getting a valuable BARR instead of a worthless BARR. 

[jwinterm]

For the altcoins that just won't die, and are still being traded on exchanges, I think it will help if we send their entire coin supplies to burn addresses.

Or just find something fucking productive to do with your life. Honestly, who gives one or three shits how many coins are out there? And i feel like I remember this barr idea being based on nxt, which could be argued is a scam/shit/whatever coin itself (due to its initial distribution of all the coins to ever exist to 10-70 people). It just seems obsessive and like you want to exercise power over what coins other people choose to buy/mine/beg/etc.

[szenekonzept]

I was surprised to see this topic brought back.. oh the memories LOL

Barr that is an interesting idea.. i seen it brought up waaaay back but it was a matter of who pays the bill.
For example if a coin is still limping along on at least one exchange (no matter how low the value) then what ?
people are not going to want to destroy their coins if they still have *some value i think.
So what do you do ? Buy them from them ? or exchange for some other coin ?
doing that *could actually cause a resurgence in a dead coin getting guys to round up old coins to cash them in
sort of like collecting beer cans to return them for the deposit..

As long as a coin is listed on an exchange and people are buying, people are still becoming bagholders.  And as long as there are 2 bagholders and 2 nodes, the coin won't die.

So we offer a 30-day period to burn the coins and exchange them for BARR.  During the burn period, we attempt to keep adequate buywalls on exchanges for people who just want to dump instead of exchanging.  (That gives them a simpler option to get out of the coin, and also it keeps most of the dumpers out of BARR.)

But at the end of the 30 days, we stop buying of course.  If the coin deserves to die, and most active users switched to BARR, then the market will crash as soon as we stop buying.  Or, hopefully, there won't be enough coins left to keep a market open anyway. 

As to who pays the bill - obviously we don't have enough BTC to buy all the altcoins.  But as long as the trading activity is roughly equal between BARR and the altcoin we're currently burning, it will balance itself out and there will be enough people buying to match the people selling - the only way to "mine" BARR is by burning altcoins, so people will buy the altcoins to get BARR.  But only for 30 days. 

When there is finally some real volume for these altcoins, we will see how many people really want to keep their coins, and how many of them will gladly sell their coins even knowing that the coins will be destroyed.

We've put a lot of thought into how we can limit market manipulation, so we have restrictions on which coins will be accepted.  No brand-new coins, no coins with huge stake rewards that can regain a big supply after we burn most of it.  If it doesn't look like there will be a lot of participation for a given coin, we'll probably skip it.  But even if we offer it for burn redemption, the worst that can happen is that we only burn a few coins. 

Someone here has predicted that we'll only burn 1% to 5% max of a coin's supply;  I predict that very few people are emotionally attached to their altcoins, and most are desperate to get rid of them and will jump at a fair offer. 

Hopefully the main people who benefit are the ones who already hold the coins.  Just like a normal coinswap/hardfork/new blockchain, the main holders of Altcoin2.0 are the people who were already holders of Altcoin1.0.  So the main holders of BARR will be the people who already mined and held these altcoins.  The purpose of buywalls is to keep the price of the altcoins up during the swap, so nobody can get tons of BARR for cheap and then dump it, so the people who swapped their altcoins will be getting a valuable BARR instead of a worthless BARR. 

Ah i now understand what you are talking about.
Its a great idea, because you don't act against the choice of people
and those who choose to leave a coin can benefit.
A perfect alternative to dumping coins.
Great one I  love it.

Anyway i  didn't get an answer on my request to remove my coin from the SCAM list.
Please have a look into my post and consider to remove it, we are working hard for the coin and
for its cause (yes, there s a cause)

read my request here:
https://bitcointalk.org/index.php?topic=522235.msg12758306#msg12758306

BARR: More members of failing coins should know about this, i'll spread the word.


thank you
Matthias


.

[BARR_Official]

Honestly, who gives one or three shits how many coins are out there?

You seem to care enough to get upset about it.

It just seems obsessive and like you want to exercise power over what coins other people choose to buy/mine/beg/etc.

Most of these altcoins will die anyway, no matter what we do.  We're giving people other choices besides "hold your bag and hope someone buys it, until it gets delisted and then your wallet stops working."  Of course they can still choose that, or they can sell us their coins, or they can burn their coins and receive BARR. 

And I don't know how you think we would be able to control anyone.  People have to burn their own coins, we can't force them. 

Maybe you should look at altcoin exchanges, because they're the ones exercising power over what coins people are allowed to buy.  Of course, if you swap your coins to the NXT decentralized exchange, you'll never have to worry about whether an exchange will delist your coin, or be hacked, or shut down by the government.  Or they won't let you withdraw your coins unless you give your name and address, which just happened to me this week at Cryptsy.