This sad situation is pretty much completely the alt-coin communities fault.
You want to know why there are so few honest developers in the crypto-coin scene?
The community only rewards the dishonest developers and scam artists PERIOD.
Look at the amount of coin THROWN at IPOs. IPOs in themselves are not necessarily scams, but they are very effective tools for the scam artists.
Syscoin.....the equivalent of 3/4 of a MILLION dollars (1500 BTC * 500 = 750,000)
REALLY??
I provided a service for over two years that was widely used and at one point was getting over 1.5 million hits a week. Over that time period I got enough donations for maybe a cup of coffee every few months.
I basically paid in both time and money for the "honor" of providing the service. This is why it is now a paid service with no more "non-donation" funding.
I have other projects in the works now, but after seeing the whole syscoin thing, I am ready just to give up. Many of my honest developer peers are no longer on the scene. Notice how many of the original devs from a couple of years ago no longer frequent this place? Can't imagine why that is.
It would be easy for me to flip the switch and go to the "dark" side so to speak, but that is not who I am.
Well it was nice to vent, too bad it will change nothing. You will still throw money at the scam artists and give the honest developers the shaft.
Until the community decides to start supporting the core services and foundation building for the crypto coin world,instead of only supporting those who appeal to your greed, you will continue to get what you deserve.
totally this!
The scammed ones keep the scams going. Ipo, ico, presale anyone?
Why do people pump premined coins and cry when they get dumped on and are left with abandoned coins? There are good coins out there with no premine, consistent developement/maintaining and so on. They are under value big times.
Only because a coin is new doesn't give it value. But people will need some more time to understand that.
Concerning the bot-problem: close the spread with a tiny bid and most of them are gone ... life can be so easy