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Author Topic: killing alt coins before they begin  (Read 890 times)
JohnnyBTCSeed
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May 09, 2014, 03:21:36 PM
 #1

It seems that name only is biggest change to the surge of alts that are flooding the world.

Might I suggest we just take all of the good names off the table? Start as many dead projects as possible with as many names as you can think of.

The secrete to pollution is dilution.

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May 09, 2014, 03:57:10 PM
 #2

That didn't stop ByteCoin happening twice.

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May 09, 2014, 04:00:08 PM
 #3

If only... if only we could kill the poopcoins(which im surprised isnt a coin already)

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May 09, 2014, 04:04:06 PM
 #4

tell that to pandacoin
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May 09, 2014, 04:14:05 PM
 #5

Not to mention the balls they have to call them "the future" in another thread on shibecoin yellow coin and another one
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May 09, 2014, 04:16:47 PM
 #6

There's a simple solution to get rid of crappy alts: stop mining them. Devs only create them because they know they can make a little money off pumping and dumping them. People shouldn't mine any coin that has any pre-mine. Ignore them completely and they'll fail on launch.

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May 09, 2014, 04:28:00 PM
 #7

Might I suggest we just take all of the good names off the table? Start as many dead projects as possible with as many names as you can think of.

How would we be able to tell the difference from the alt coins that are being created now? Smiley

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May 09, 2014, 04:46:38 PM
 #8

There's a simple solution to get rid of crappy alts: stop mining them. Devs only create them because they know they can make a little money off pumping and dumping them. People shouldn't mine any coin that has any pre-mine. Ignore them completely and they'll fail on launch.

Probably miners also make some little money when pumping takes place. Hence they go for mining over & over.

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May 09, 2014, 04:49:03 PM
 #9

If someone has enough hashpower, they should set up a thread and take bounties to kill coins.  Basically list all of the coins that they would have the hashpower to 51% attack, with a btc address next to each one, and when a certain coin hits a bounty amount, they kill it.

I would imagine this would get a lot of support and bounties would be fulfilled quite quickly, and we could do away with these useless alts.


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cryptohunter
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May 09, 2014, 05:58:48 PM
 #10

as i have said before cut off the devs premine and instamine and you won't see any new coins coming out.

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StuffOfInterest
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May 09, 2014, 06:09:53 PM
 #11

as i have said before cut off the devs premine and instamine and you won't see any new coins coming out.

I'd like to see coins have a zero block reward  before either a certain block count or specific date which is after the launch of the coin.  This would give people a chance to setup and start mining before there is any value in the coin.  If there isn't enough interest up front enough people won't join in for the zero value mine period and the coin will be DOA.

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Could Proof of Blockchain (PoBC) help secure a coin and avoid runaway ASIC mining?
goingDeaf
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May 09, 2014, 08:13:34 PM
 #12

as i have said before cut off the devs premine and instamine and you won't see any new coins coming out.

It's a 100% free market, no one can stop this.

Give it a few months and enough people will stop throwing BTC at rip off coins when they continually get nothing out of it. Alt coins are one of the most insane bubbles where there has to be people losing money hand over fist.

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May 09, 2014, 09:20:30 PM
 #13

There's a simple solution to get rid of crappy alts: stop mining them. Devs only create them because they know they can make a little money off pumping and dumping them. People shouldn't mine any coin that has any pre-mine. Ignore them completely and they'll fail on launch.
It would also help if the exchanges didn't keep adding them.

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May 10, 2014, 12:21:49 AM
 #14

If someone has enough hashpower, they should set up a thread and take bounties to kill coins.  Basically list all of the coins that they would have the hashpower to 51% attack, with a btc address next to each one, and when a certain coin hits a bounty amount, they kill it.

I would imagine this would get a lot of support and bounties would be fulfilled quite quickly, and we could do away with these useless alts.

That doesnt really kill them though because as soon as the 51% stops the badfork if there was one stops, and any bad blocks can be rolled back and removed.

The best way to kill the coins you dont like is to not acknowledge their existence.. but the sad thing is where ever there is prmis of great riches there will be an eager person willing to take you up on that promise. This is due to everyone not having their needs met.

So  I guess that means if you want scams to disappear, meet everyone's needs.

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circusmidget11
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May 10, 2014, 12:28:06 AM
 #15

There's a simple solution to get rid of crappy alts: stop mining them. Devs only create them because they know they can make a little money off pumping and dumping them. People shouldn't mine any coin that has any pre-mine. Ignore them completely and they'll fail on launch.

Except most of those scam coins tend to give away millions of free coins to gain publicity from users to spread the word so a lot of people easily jump in for the ride and then once the coins gains a big following and value then the dev dumps and runs.

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May 10, 2014, 05:11:50 AM
 #16

I don't know how to kill altcoin, seemingly impossible.

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hilariousandco
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May 10, 2014, 06:53:59 AM
 #17

There's a simple solution to get rid of crappy alts: stop mining them. Devs only create them because they know they can make a little money off pumping and dumping them. People shouldn't mine any coin that has any pre-mine. Ignore them completely and they'll fail on launch.

Except most of those scam coins tend to give away millions of free coins to gain publicity from users to spread the word so a lot of people easily jump in for the ride and then once the coins gains a big following and value then the dev dumps and runs.

Yeah, but giving away thousands of worthless coins is still worthless. People need to realise that and stop claiming free but valueless coins, but I guess there's always going to be a fresh wave of naive newbs who just think they're going to get rich quick off the next Bitcoin that the dev has promised them it will be.

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May 10, 2014, 07:12:32 AM
 #18

Kill the libertycoin scam
https://bitcointalk.org/index.php?topic=602781.0

https://bitcointalk.org/index.php?topic=600322.msg6646606#msg6646606

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May 10, 2014, 07:36:30 AM
 #19

Kill the dreamcoin scam!
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May 10, 2014, 07:54:11 AM
 #20

Kill the Bitcoin scam!
(Hey, a lot of people still think that Bitcoin is a scam)

By the way:
http://en.wikipedia.org/wiki/Cambric_explosion
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