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

[iCEBREAKER]

So after 103 pages pages, here are the stats on the project:

Increase in shitcoins: 350%
Scamcoins Killed: 0

Yes, but without this thread those numbers would be even higher!

Also, shitcoins like Diamond will die naturally without any intervention.  Just look at the flood of crap marketing babble on the DMD thread, and contrast that to the stagnant $245/day volume if you want to confirm it's true.

[Spoetnik]

So after 103 pages pages, here are the stats on the project:


Number of fights started: 35
Number of death threats: 3
Number of premature accusations: 2,123
Number of spam posts: 459
Increase in shitcoins: 350%
Scamcoins Killed: 0

you forgot about the hacking DDOS attempts me and BCX and YOU were accused of on cryptopaths.

and i agree it's debatable that any coins were in fact destroyed via this topic.
But i have personally shot holes through the moronic scam-coin defense logic here..
there by making them look like idiots and being heavily persuasive on the matter.

notice when this topic started everyone was defending these shit coins ? actually saying stuff like, we need MORE !
and NOW we see a huge trend where everyone is now thinking it's cool to say you hate shit coins.
a complete turn around LOL

- a list of scam coin promoters have been outed.
- a list of scam coins have been given negative exposure to warn new users.
- new ideas have been born from this topic such as an attack pool.
- guys that are secretly behind scam coins making them have been exposed.
- rationally with logical points it's been posted these shit coins are bad. (someone had to explain why)

this topic alone has had a MASSIVE impact on shit coins in general in a wide diverse range of ways.
Saying it did nothing is silly nonsense.. no natter how many times some of you keep saying it.

all along i have said they will kill the scene.. go back some pages, i really did say it.
and since then it happened !
So i was on record with it all

and i have personally shut these scam coin defenders up.. notice NONE of them even try to defend them anymore ?
They lost the fight and our team won !  
The battle was for public perception....... not for coins
the vast majority of all talking that goes on here is all just a little game for the audience like putting on a show.
..for or against scam coins.

and the trend these days is scam coins are bad and market prices are down = we won the war !
the excuse makers tucked their tails between their legs and left long ago !

[Willisius]

I remember Spoetnik saying they would kill the scene. Anyway, I think the most effective way of hindering shit/scamcoins is to warn new people as early as possible, so they don't have to learn the hard way, and I think this thread has done some of that.

[BIT-Sharon]

Shitcoins are struggling for surviving. I am interested in seeing how they could recover.

[Robif]

almost all of coins listed on coinmarketcap that are not in top 20 are shitcoins,
thumbs up for dogecoin, no spectacular innovation but great in marketing and donation strategies
mastercoin WTF 

others will die out eventually with large probability of pulling litecoin, dogecoin, peercoin 

[muddafudda]

So after 103 pages pages, here are the stats on the project:


Number of fights started: 35
Number of death threats: 3
Number of premature accusations: 2,123
Number of spam posts: 459
Increase in shitcoins: 350%
Scamcoins Killed with public knowledge: 0

 

Fixed

[superresistant]

 

[smooth]

I remember Spoetnik saying they would kill the scene. Anyway, I think the most effective way of hindering shit/scamcoins is to warn new people as early as possible, so they don't have to learn the hard way, and I think this thread has done some of that.

That is not really consistent with human nature. Warnings are generally ignored, or make the forbidden fruit even more appealing. The only way for people to really learn something is to get burned/scammed. So in that sense efforts like this thread are counterproductive, though I don't think in reality this thread has done a damn thing at all.

[Hippie Tech]

I remember Spoetnik saying they would kill the scene. Anyway, I think the most effective way of hindering shit/scamcoins is to warn new people as early as possible, so they don't have to learn the hard way, and I think this thread has done some of that.

That is not really consistent with human nature. Warnings are generally ignored, or make the forbidden fruit even more appealing. The only way for people to really learn something is to get burned/scammed. So in that sense efforts like this thread are counterproductive, though I don't think in reality this thread has done a damn thing at all.

This thread was created by a scammer, blackmailer, crytpsy shill who is responsible for many/most of the broken and abandoned coins currently trading at cryptsy (the garden of eden of shitcoins).

What did you expect ? lol

[superresistant]

I remember Spoetnik saying they would kill the scene. Anyway, I think the most effective way of hindering shit/scamcoins is to warn new people as early as possible, so they don't have to learn the hard way, and I think this thread has done some of that.

That is not really consistent with human nature. Warnings are generally ignored, or make the forbidden fruit even more appealing. The only way for people to really learn something is to get burned/scammed. So in that sense efforts like this thread are counterproductive, though I don't think in reality this thread has done a damn thing at all.

+1000

I learned everything in crypto by doing mistakes, getting scammed and asking a lot of stupid questions.

I lost a hell lot of money but now I make a hell lot of money.

[muddafudda]

I remember Spoetnik saying they would kill the scene. Anyway, I think the most effective way of hindering shit/scamcoins is to warn new people as early as possible, so they don't have to learn the hard way, and I think this thread has done some of that.

That is not really consistent with human nature. Warnings are generally ignored, or make the forbidden fruit even more appealing. The only way for people to really learn something is to get burned/scammed. So in that sense efforts like this thread are counterproductive, though I don't think in reality this thread has done a damn thing at all.

This thread was created by a scammer, blackmailer, crytpsy shill who is responsible for many/most of the broken and abandoned coins currently trading at cryptsy (the garden of eden of shitcoins).

What did you expect ? lol

Operation Shitcoin Launched March 19, 2014.

[YarkoL]

I believe that the number of altcoin launches has a correlation with BTC/USD

[Spoetnik]

I remember Spoetnik saying they would kill the scene. Anyway, I think the most effective way of hindering shit/scamcoins is to warn new people as early as possible, so they don't have to learn the hard way, and I think this thread has done some of that.

That is not really consistent with human nature. Warnings are generally ignored, or make the forbidden fruit even more appealing. The only way for people to really learn something is to get burned/scammed. So in that sense efforts like this thread are counterproductive, though I don't think in reality this thread has done a damn thing at all.

+1000

I learned everything in crypto by doing mistakes, getting scammed and asking a lot of stupid questions.

I lost a hell lot of money but now I make a hell lot of money.

ya like getting suckered by that faggot Freetrade and his repeated MemoryCoin scam antics ?
i recall you being the last LOUD and VOCAL bag holder defending that fuckers shitty scam coin to the bitter end LOL
even after the scammy fucker shot the coin to death *on purpose and went on to other coins.. leaving you sitting there holding the bag LOL

and lets not forget guys all those mad profits and lambo's came from other people's bank accounts !
that popped up here in the scene OCT/NOV 2013 so they could ask every half second all over "how do i send Money from my bank account to XYZ exchange"
and what happened since ? just like you said
they (Just like you) lost a fuck load of money !!
profit = someone else's loss !

and yeah all you scam supporting idiots doing this shit destroyed the scene because that question does not get asked every few seconds anymore..
as a matter of fact i have not seen a guy ask in since January.... they came, they got lied to and fucking scammed and they left.
and the tipping point was grubby greedy idiot faggots and their Scrypt Asics !
hows that verbal diarrhea bullshit you all spouted off saying they will make scrypt coins go through the roof in price ?
hmmm how bout that bullshit dumb fucks ?
i ROFL my balls off at you 'tards LOLOLOL

You guys have a nice pretty little selective memory don't you .. i laugh at you all.. go fuck yourselves scammy douches !
have fun trying to make shit loads of money now

PS:
you can't because you destroyed the alternative coin scene greedy scammy idiots .

Reality Check:
I am the knower and haver of all things seen and known in crypto now and forever.. so sit down and STFU and learn from my teachings !
Spoetnik loves you all and can save you from your sinning greedy dipshit ways.. open your heart to the true one path of Spoetnik today !

[smooth]

you can't because you destroyed the alternative coin scene greedy scammy idiots .

The scene did exactly what I described a few posts back. Participants got burned and therefore now more selective and more demanding of quality. Furthermore Bitcoin is down 75%. Is that greedy scammy idiots too, or is maybe something else going on?

[Spoetnik]

you can't because you destroyed the alternative coin scene greedy scammy idiots .

The scene did exactly what I described a few posts back. Participants got burned and therefore now more selective and more demanding of quality. Furthermore Bitcoin is down 75%. Is that greedy scammy idiots too, or is maybe something else going on?

why is market dilution too hard of a concept to grasp ?

saturating the scene with more and more and more a coins is NOT healthy for crypto.
there is a finite amount of guys holding fiat to buy crypto coins.. fact.

there was less than 50 coins when i started and now well over 1,000+ coins.
when there was -50 coins i kept screaming over and over stop making them or your gonna ruin it for us all bad.
it happened.

why do i have to spell it you to you ? do you enjoy playing dumb or what ?

if you have $1,000 dollars and you have to decide how much to put in each of say 50 coins..
then you have to start over and decide how much of a $1,000 to put in 1,000+ coins
and then every guy in crypto has to face the same decision.. then what do you think happens ?
market caps get diluted really badly !

maybe cash out some of your Monero scam coins and go grab some crayons and construction paper
and we can hash this out with some pictures you will understand..

[smooth]

you can't because you destroyed the alternative coin scene greedy scammy idiots .

The scene did exactly what I described a few posts back. Participants got burned and therefore now more selective and more demanding of quality. Furthermore Bitcoin is down 75%. Is that greedy scammy idiots too, or is maybe something else going on?

why is market dilution too hard of a concept to grasp ?

I grasp it just fine. I don't agree with your proposed solution to it being effective.

The number of shitcoins doesn't matter, because they don't attract and more importantly don't keep capital. The capital will instead flow to the better ones.

Of those 1000 coins, how many have a capitalization of more than $100K? How many new coins ever reach that, or stay there for more than a month?

If we add another 1000 new coins, there won't be more dilution, just another 1000 worthless deadcoins, with the capital still concentrated in the top few.

You instead want to pick winners and losers like some kind of central planning board.

The market will do a better job.

[Spoetnik]

you can't because you destroyed the alternative coin scene greedy scammy idiots .

The scene did exactly what I described a few posts back. Participants got burned and therefore now more selective and more demanding of quality. Furthermore Bitcoin is down 75%. Is that greedy scammy idiots too, or is maybe something else going on?

why is market dilution too hard of a concept to grasp ?

I grasp it just fine. I don't agree with your proposed solution to it being effective.

The number of shitcoins doesn't matter, because they don't attract and more importantly don't keep capital. The capital will instead flow to the better ones.

Of those 1000 coins, how many have a capitalization of more than $100K? How many new coins ever reach that, or stay there for more than a month?

If we add another 1000 new coins, there won't be more dilution, just another 1000 worthless deadcoins, with the capital still concentrated in the top few.

You instead want to pick winners and losers like some kind of central planning board.

The market will do a better job.

in reality that is what did NOT happen though.. the markets died off big time and most people scattered and left !

look around you & see what happened..

[iampingu]

you can't because you destroyed the alternative coin scene greedy scammy idiots .

The scene did exactly what I described a few posts back. Participants got burned and therefore now more selective and more demanding of quality. Furthermore Bitcoin is down 75%. Is that greedy scammy idiots too, or is maybe something else going on?

why is market dilution too hard of a concept to grasp ?

I grasp it just fine. I don't agree with your proposed solution to it being effective.

The number of shitcoins doesn't matter, because they don't attract and more importantly don't keep capital. The capital will instead flow to the better ones.

Of those 1000 coins, how many have a capitalization of more than $100K? How many new coins ever reach that, or stay there for more than a month?

If we add another 1000 new coins, there won't be more dilution, just another 1000 worthless deadcoins, with the capital still concentrated in the top few.

You instead want to pick winners and losers like some kind of central planning board.

The market will do a better job.

in reality that is what did NOT happen though.. the markets died off big time and most people scattered and left !

look around you & see what happened..

yep, the capital can only flow into the other coins "better" ones, if the market maker that the capital is transferred to, moves there too.

If you have shitcoins generating volume and you give the market maker your btc, you're now in a position where you've shorted bitcoin and went long in shitcoin x, aka capital is transferred.

[Spoetnik]

on places like Bittrex i have watched a revolving door of what coins are on top withe volume
so that is undeniable..

they come and then they go.
profit fuel and the machine that was doing that cost a lot of noobs a lot of money and they get sick of it.

the reality of what has gone on and what people think has a hard disconnect around here.. people are straight up delusional :/

[smooth]

in reality that is what did NOT happen though.. the markets died off big time and most people scattered and left !

look around you & see what happened..

I see many shitcoins down 99-100% and bitcoin down 75% from its very brief (obviously overextended) peak but up over the period of a year, and up a LOT over two years.

I see roughly the same number of alts at non-trivial valuations as there were six months ago, and only a few more than last year.

I see fewer shitcoin launches even getting out of the gate, because the market has gotten tougher and more discriminating.

So yes it is doing exactly what I suggest.