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October 27, 2014, 02:11:49 AM
Last edit: March 11, 2017, 05:01:13 PM by digitalblock |
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RULES OF CRYPTO CURRENCY
Created 2014
1st rule of crypto currency - If a coin can buy an item, it becomes a currency, and now is worth of value.
2nd rule of crypto currency - If a coin is back'ed by an item, to increase the value of its currency. The item should be available for purchase on the coins thread and website that it owns/manages. If not the item is not backed at all and caution of scam. This also includes of only using the currency that is backed by the item, to purchase the item, which is used to put value to the backed currency.
3rd rule of crypto currency - If a coin is a clone named after a clone example (dogerain), and has one or more of the following rules 1-5 of being negative. The coin has become worthless, and caution of scam.
4th rule of crypto currency - If a coin name is following a group example (marijuana, animals), and has one or more of the following above of rules 1-5 of being negative. The coin has become worthless, and caution of scam.
5th rule of crypto currency - If a coin has one or more of the following rules 1-4 of being negative, and the dev of the coin is asking for funds for ICO, and has not in possession a POD or Trust Verified the coin has become worthless, and caution of scam.
This list will expand and will be used as a method of preventing scams.
Refer to RCC to thrive real crypto currencies, also look if the Dev has in possession a POD or Trust Verified. Stop funding con artists.
*Please only post if you want to add to the list or have positive feedback, thank you.
Created by digitalblock
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