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

[solid12345]

Arguing over whether there is a premine or not is a philosophical difference, it doesn't change the fact Litecoin is being pushed more like a product than a currency and the creator is profiting off its popularity. Do I begrudge Lee? No, but let's tell the truth, it is a money making opportunity for him just as much as any other alleged scam coin. What difference does it make how a dev profits from his own creation? Is it the fact they are making money that upsets you or the fact they didn't mine it the "fair" way (even though everyone with half a brain knows mining has never been truly fair when it comes to having the best equipment, the best power supply, multipool access, being on the inside or in the know when the coin first launches etc.)

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[zeroc00l]

Hi think solid has a good point.

Really, no alt coin should have retroactive exemption status.  All of them should comply with an audit/application process.

I think we're just saying that realistically we're not going to be able to attack DOGECoin or Litecoin at present.  Their network hash rates are too high.  So we'll just have to let the big fishes get away with it, for now.

However, the newer coins that are just getting started: we can start using them to fund this effort, through taxation and auditing.  If they do not pay up, they die.

[mgburks77]

pffft

 

[marhaben]

As kelsey says, we're just trying to clean up, and protect newbies.

That's not how financial markets work. If you try to make them work that way, you may as well stick to the dollar. The concept of making things "fair" is the very foundation of currency manipulation. "Newbies" should research before investing. That's a key part to the free market. But since you're lying, and this has nothing to do any grand cause, it really doesn't matter.

[solid12345]

Remember, the SEC only does what is in the interest to make everything "fair" too  

Personally what attracted to me to crypto is the complete absence of regulation, if I want nannies getting in the middle of me and my buying decisions, well sorry guys, I'm leaving crypto and going back to selling antiques, buying precious metals or maybe getting into pot stocks.

[solid12345]

I respect that choice, now GTFO 


~BCX~

So Captain America, will you be going after Darkcoin too because its proceeds will no doubt go to fund drug dealers, killers and child pornographers?

Maybe you should GTFO with your false sense of heroism.

[lamontweaver]

The wannabee Altcoin Police say:

[zackclark70]

There's already a list of scam coins on the original post!

As kelsey says, we're just trying to clean up, and protect newbies.

We need to start moving into action.  Send a message out to AURCoin, HKC and others like them we need them to apply to become a legit coin, and the application fee is 10 BTC!  They need to start putting money with their mouth is, instead just being able to scam people.  

Get a taste of their own medicine!  Time to dispense some justice!

That list in post 1 is mainly coins that the op doesn't like lol

he put ADT on there mainly because ADT and COL are competing coins and he made COL  

yes ADT v1 was premined but over 75% of that went to users that lost coins during issues

yes jag ran off with the remaining coins

no it has not had any extra coins mined in when it was moved to the new blockchain

no it is not a scam ( if it was a scam would I be spending tones of time and money on it + I am probably the most active coin dev on this forum ! )


If people can tell me why its a scam and should be on the list of coins to die I am willing to listen as I am sure that once you know the full story you wouldn't want it on the list of coins to die  
 

[zeroc00l]

To be fair, we could probably have this committee determine how much payment each altcoin must make to the Operation funds.

If a coin seems to have some legitimate innovation, which we decided is good for the crypto community, perhaps we waive the fee.

If a coin is borderline, we charge some fee like 10 BTC.  

If the coin seems like a scam, then we charge double, like 20 BTC.

If any coin does not comply with the application/audit and payment process, they are instantly targeted and destroyed via BCX's methods.  

We would need to put together a team of DDOS, multi pool operators, and volunteer hackers to enforce the mandate.

It'll be no small feat, and will require some organization, obviously.

[moderndezigns]

haha 20 bitcoins to ok the scam coin.. I love it!

[zeroc00l]

haha 20 bitcoins to ok the scam coin.. I love it!

Just to be clear 20 BTC doesn't okay a scam, it's just an application fee.  A barrier of entry. 

If it turns out to be a scam, we keep the 20 BTC, and we destroy the coin.

This just incentivizes the altcoin devs not to scam.

[zackclark70]

haha 20 bitcoins to ok the scam coin.. I love it!

Just to be clear 20 BTC doesn't okay a scam, it's just an application fee.  A barrier of entry. 

If it turns out to be a scam, we keep the 20 BTC, and we destroy the coin.

This just incentivizes the altcoin devs not to scam.

what about coins that are not scams that don't have the money to pay ?

[kelsey]

Many people are going to have different definitions of what a scamcoin is; mine is simply any coins where it is painfully obvious that the main purpose of creation was to make the dev fiat.

shitcoin; a bad copy paste clone that the "dev" has no idea on how to keep functioning longterm.

for zackclark70's benefit

[mgburks77]

mine is simply any coins where it is painfully obvious that the main purpose of creation was to make the dev fiat.

um isn't that the purpose of any economic endeavor?

you guys are retards

[zeroc00l]

haha 20 bitcoins to ok the scam coin.. I love it!

Just to be clear 20 BTC doesn't okay a scam, it's just an application fee.  A barrier of entry. 

If it turns out to be a scam, we keep the 20 BTC, and we destroy the coin.

This just incentivizes the altcoin devs not to scam.

what about coins that are not scams that don't have the money to pay ?

This is just like starting a real business.  You do need to get licenses and file for LLC sometimes.  That costs money.  It keeps the noise out.  For anyone not willing to put their money where their mouth with.  Then they don't deserve to be starting a coin/business anyhow.  I'm sure the more serious people will find a way to put up the money.  Which is exactly the effect we want.

If people don't follow the rules, then it's time to come down hard on them.. multi pool attack, DDOS, and even hacking their sites.

[mgburks77]

and why are scam coins such a concern if you aren't worried about turning your own BTC into fiat? If you were just going to keep btc you wouldn't give a shit.

Completely transparent and unselfaware justification guys.

[solid12345]

This is just like starting a real business.  You do need to get licenses and file for LLC sometimes.  That costs money.  It keeps the noise out.  For anyone not willing to put their money where their mouth with.  Then they don't deserve to be starting a coin/business anyhow.  I'm sure the more serious people will find a way to put up the money.  Which is exactly the effect we want.

If people don't follow the rules, then it's time to come down hard on them.. multi pool attack, DDOS, and even hacking their sites.

Except LLCs and business licenses are handed out by government regulatory bodies fielded by an army of lawyers and a century of legal precedent behind them.

You are just clowns on a message board, who made you judge and jury?

Again, this is like the Bitcoin Foundation all over again, where those criminals Charlie Shrem and Karpeles voted themselves into a position of power and abused it for their own end.

Also no business license costs thousands of dollars to acquire either. I can file for an LLC tomorrow for practically little to no cost.

[kelsey]

I don't necessarily agree with all cleanup posters here, but some good ideas have come forward.

eg be a good idea for admin to ban newbie accounts from posting new coin ann.

Also I have put forward in the past the idea of having a senior group give a non scam tick of approval to genuine coins (no fees attached).

[mgburks77]

haha 20 bitcoins to ok the scam coin.. I love it!

Just to be clear 20 BTC doesn't okay a scam, it's just an application fee.  A barrier of entry. 

If it turns out to be a scam, we keep the 20 BTC, and we destroy the coin.

This just incentivizes the altcoin devs not to scam.

what about coins that are not scams that don't have the money to pay ?

This is just like starting a real business.  You do need to get licenses and file for LLC sometimes.  That costs money.  It keeps the noise out.  For anyone not willing to put their money where their mouth with.  Then they don't deserve to be starting a coin/business anyhow.  I'm sure the more serious people will find a way to put up the money.  Which is exactly the effect we want.

If people don't follow the rules, then it's time to come down hard on them.. multi pool attack, DDOS, and even hacking their sites.

lol no one is going to give you clowns any money

[kelsey]

haha 20 bitcoins to ok the scam coin.. I love it!

Just to be clear 20 BTC doesn't okay a scam, it's just an application fee.  A barrier of entry. 

If it turns out to be a scam, we keep the 20 BTC, and we destroy the coin.

This just incentivizes the altcoin devs not to scam.

what do you mean 'we', newbie new account?