How to detect a possible cryptocoin scam:
1) If it seems too good to be true
2) If there are no unique features to make the coin standout from the crowd. AKA "just another Scrypt coin".
3) If the devs have premined more than 1% of the coins (1% for genesis block and bounties okay)
4) If the devs ask for BTC upfront for an IPO or opportunity to premine for day or so. (StackCoin for example)
So either common sense (You don't need me to protect you from it) or opinion, where mine may be different from yours. Got it.
My POINT in asking that question is what YOU deem to be a scam coin may not be right or accurate, and it's not my place to deny a coin based on OUR opinion. The "seems to good to be true" - well - Not sure how a coin could be too good to be true. I cant imagine a situation where that would be the case - they all have pros and cons and I'm not sure I've ever seen a coin that was "too good to be true".
While just another scrypt coin may be a worthless copycat pile of crap, that doesnt mean it's a scam. And again - not sure why *I* need to protect *YOU* from yourself or your own stupidity for investing in it.
The magical 1% premine limit. Depending on what the premine is for, there are legitimate reasons to premine more than 1%. Just because it's more than one does not automatically equal scam.
And if the devs ask for BTC upfront for an IPO, I also don't see how that automatically equals scam. Sure, it seems likely, or, they can be completely legitimate.
My entire point is that if you want an exchange to vet these coins for you, so that you can be without effort and wholly without personal responsibility, I have absolutely zero pity if you lose all your money, because you're lazy and have no sense of responsibility. And to make an arbitrary list of "this is automatically a scamcoin" serves no purpose. First of all, some of that is based on opinion. Second, there are plenty of times where you could violate one of those "rules" and still be wholly legitimate. Aurora (to the best of my knowledge) failed, but not because it was a scam, but because it just wasn't well executed. And that had a hell of a lot more than a 1% premine. Or, was that a scam too?
And last - if the list is so cut and dry, why the hell do you need ME to vet the coins for you? If it's that frigging simple, I'd hope that any halfbrained nitwit could figure it out for themselves.
This whole "not my responsibility to make sure I make intelligent decisions, I need an authority to diaper and babysit me so I'm not stupid" mentality pisses me off at my core. Take some fucking personal responsibility and make a decision for yourself, and stop asking for someone in authority (or running an exchange, or moderating a forum, etc) to protect you from your own mental handicap. My god, how weak are you?
tl;dr: I'm not vetting coins based on arbitrary "its a scam" rules people make up. Obviously crap coins with zero support, we don't add. Coins that seem like they have half a chance of moving at all, sure, we want to give them a shot. We're not big mommy and daddy government here to make your decisions for you, and to put a boot on the neck of something that could be awesome, just because we think we know better. Anyone who wants crypto to thrive, who is ASKING for that sort of thing, needs to rethink why they are behind crypto in the first place.
I mean, hell, MEGAman came in here and called JPC a scamcoin. If we went by HIS defition and intrepretation, your JPC wouldnt be on any exchange.
Well thank god we didn't listen to him huh? But - we'd BETTER listen to the SAME EXACT argument and apply it to a DIFFERENT coin though, because THAT coin is a scam. JPC isnt. The other is though. Same critera.
THAT makes sense.
As for the other post about poloniex rejecting supercoin, and the github scources, and scanning the code - thats not a scamcoin issue. Thats an unsafe, can hurt the system, is an absolute fake coin that exists only to spread malware or some other bad crap. And yes, any exchange that has half a brain does that.
