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

[Lauda]

The exchanges are part of the problem, really. 

The fact is they're accepting bribes to list coins instead of listing coins on the basis of value or utility.

Which means they've made their money regardless of what happens to the coin.  They'll keep it on the board until it looks like the devs don't have the wherewithal to bribe them again, then they'll take it down.

The fact that they accept just any random coin is a problem too. The coin usually just gets dumped and a new one made. This has been going on for months now.

[Hippie Tech]

The exchanges are part of the problem, really.  

The fact is they're accepting bribes to list coins instead of listing coins on the basis of value or utility.

Which means they've made their money regardless of what happens to the coin.  They'll keep it on the board until it looks like the devs don't have the wherewithal to bribe them again, then they'll take it down.

The fact that they accept just any random coin is a problem too. The coin usually just gets dumped and a new one made. This has been going on for months now.

Its been over a year since mudda set the precident.

And nothing but newbs peddling shyte ever since.

[judgecrypto]

Hi All,

I did an article on Shitcoins... please feel free to review and provide comments!

http://www.judgecrypto.com/1/post/2014/05/what-is-a-shitcoin.html

Judge Crypto

[Hippie Tech]

Hi All,

I did an article on Shitcoins... please feel free to review and provide comments!

http://www.judgecrypto.com/1/post/2014/05/what-is-a-shitcoin.html

Judge Crypto

Great article ! Thanks !

Funny how, I just finished answering the same question. heh..

Hippie Tech i would actually take you up on your suggestion, can you write down what defines a shitcoin from a good coin?

Hi coinjohn.

Is the dev/coin :

a forum Newbie/ Jr. Member ?
open to the public's input ?
accountable ?
trustworthy ?
innovative ?
fair to the early adopters and investors ?
friendly to the parasitic multi pools ?

[niothor]

The exchanges are part of the problem, really. 

The fact is they're accepting bribes to list coins instead of listing coins on the basis of value or utility.

Which means they've made their money regardless of what happens to the coin.  They'll keep it on the board until it looks like the devs don't have the wherewithal to bribe them again, then they'll take it down.

The fact that they accept just any random coin is a problem too. The coin usually just gets dumped and a new one made. This has been going on for months now.

The exchanges care only about the money , they won't stop accepting coins just to create a better future with empty pockets

[ecoinspro]

So in your opinion all premined coins are not worthy
while all POW coins that call for a race of who has the most expensive machine are better ?
I personally don't think so

[Lauda]

Its been over a year since mudda set the precident.

And nothing but newbs peddling shyte ever since.

Well the influx of newbies is what caused all this trouble. They just keep jumping from 1 clone to another. I don't even waste time reading their specifications. Luckily I've found a few that stand out and I'll stick to those.

[altcoinherald]

This operation has apparently backfired. There have been 49 altcoin launches in May so far: http://altcoinherald.com/altcoin-launch-calendar/

There are 15 more scheduled for launch. (There are probably more, we keep looking)

It looks like this month could end up with 120 or more launches if current trends continue. That's a lotta altcoins! 

[Lauda]

This operation has apparently backfired. There have been 49 altcoin launches in May so far: http://altcoinherald.com/altcoin-launch-calendar/

There are 15 more scheduled for launch. (There are probably more, we keep looking)

It looks like this month could end up with 120 or more launches if current trends continue. That's a lotta altcoins! 

Well you can't really stop people from releasing them. This will only grow over time, I wonder when we will reach 1000 new coins per month. People have to run out of names one day, don't they?

[ShawnLeary]

Its been over a year since mudda set the precident.

And nothing but newbs peddling shyte ever since.

Well the influx of newbies is what caused all this trouble. They just keep jumping from 1 clone to another. I don't even waste time reading their specifications. Luckily I've found a few that stand out and I'll stick to those.

+1

[Chris001]

Has anything interesting happen here YET?

[Hollowman338]

[IBS]IrritableBowelSyndromeCoin, the currency for IBS sufferers

[sonysasankan]

This operation has apparently backfired. There have been 49 altcoin launches in May so far: http://altcoinherald.com/altcoin-launch-calendar/

There are 15 more scheduled for launch. (There are probably more, we keep looking)

It looks like this month could end up with 120 or more launches if current trends continue. That's a lotta altcoins! 

Well you can't really stop people from releasing them. This will only grow over time, I wonder when we will reach 1000 new coins per month. People have to run out of names one day, don't they?

When it reaches the tipping point, it will naturally be unprofitable to make a coin and the trend will wane away. Exchanges will put their foot down once tehy realize they are better off managing 30 coins rather than 700. So begins the competition of quality to fight for their spot on that list of 30, and thus paving the way for innovation to take priority. And then alll coins lived happily ever after

[Lauda]

This operation has apparently backfired. There have been 49 altcoin launches in May so far: http://altcoinherald.com/altcoin-launch-calendar/

There are 15 more scheduled for launch. (There are probably more, we keep looking)

It looks like this month could end up with 120 or more launches if current trends continue. That's a lotta altcoins! 

Well you can't really stop people from releasing them. This will only grow over time, I wonder when we will reach 1000 new coins per month. People have to run out of names one day, don't they?

When it reaches the tipping point, it will naturally be unprofitable to make a coin and the trend will wane away. Exchanges will put their foot down once tehy realize they are better off managing 30 coins rather than 700. So begins the competition of quality to fight for their spot on that list of 30, and thus paving the way for innovation to take priority. And then alll coins lived happily ever after

If exchanges were only limited to a certain amount of coins, this fight would have started already and we wouldn't be in this mess.

[judgecrypto]

Dead Cat Roll, Pump and Dump, and Flatline.
Featuring: Blackcoin, Dogecoin, Mintcoin, and Cinnicoin

http://www.judgecrypto.com/news/dead-cat-slide-dcs

Judge Crypto
www.judgecrypto.com

[sonysasankan]

This operation has apparently backfired. There have been 49 altcoin launches in May so far: http://altcoinherald.com/altcoin-launch-calendar/

There are 15 more scheduled for launch. (There are probably more, we keep looking)

It looks like this month could end up with 120 or more launches if current trends continue. That's a lotta altcoins! 

Well you can't really stop people from releasing them. This will only grow over time, I wonder when we will reach 1000 new coins per month. People have to run out of names one day, don't they?

When it reaches the tipping point, it will naturally be unprofitable to make a coin and the trend will wane away. Exchanges will put their foot down once tehy realize they are better off managing 30 coins rather than 700. So begins the competition of quality to fight for their spot on that list of 30, and thus paving the way for innovation to take priority. And then alll coins lived happily ever after

If exchanges were only limited to a certain amount of coins, this fight would have started already and we wouldn't be in this mess.

But that would be unnatural. It puts too much power in the hands of the exchanges. It has to be deemed unprofitable to manage so many coins. Only then will measures be taket to limit the coins. You cannot expect a money making business to stop what they are doing on ethical grounds. Another will come that will take "rejected" coins. It has to become unprofitable. That is the only way...

[Soulmate]

Aha... I found the most retarded thread in the entire Alternate cryptocurrencies forum section!

By the way guys... you have forgotten to add Darkcoin to the OP as a shitcoin:

https://bitcointalk.org/index.php?topic=560138.0

https://bitcointalk.org/index.php?topic=559028.0

[nzminer]

Im with the OP on this one!
Thankfully all the crapcoin clones are starting to dissappear.
 

Whitecoin is literally a rip off blackcoin, hirocoin is as good as dead, so is mintcoin.
They are all crap coins, only a handful of coins will be successfull, doge is going down, down and down.
Rainbow gold coin - why on earth did that get listed on exchanges IDK!

[Kergekoin]

DOGE, WDC and very few others will stay for good. You can quote this for reading a year or two later 
Soon enough peeps will get tired of those launches and most clones will be forgotter rather quickly.

[nzminer]

DOGE, WDC and very few others will stay for good. You can quote this for reading a year or two later 
Soon enough peeps will get tired of those launches and most clones will be forgotter rather quickly.

Doge will always be around, but i doubt it will even get to 1 cent, ive invested my doge in far superior coins that will get far beyond $1 if doge can reach 1c.

check out this coin!

https://www.youtube.com/watch?v=1eU2INYe4gk