Quote from: StewartJ on January 05, 2014, 12:08:27 AM

Quote from: hypostatization on January 04, 2014, 11:54:23 PM

Quote from: tokyoghetto on January 04, 2014, 11:49:27 PM

I believe you are correct. If you notice when these crapcoins first launch, all the new members shout "Good Coin" and "This should be good" before the dev has even launched the source code. All they care about is mining and dumping. In order for these scams to work, they depend on the uninformed public to believe them that the coin is good.

All you hear is "to da moon" and "don't sell cheap" and "this coin will do this trust me". Out right scams. All while they are just waiting for an exchange to pick up the coin so they can dump and move on. If we succeed in educating people about the scams and allowing good projects to really shine, these scams will go the way of the dodo bird.

no exchanges will pick them up, no miners will mine, no one will do google docs exchanges. The scammers and mine/dump folk will only trade amongst themselves and slowly even they will stop.

How does this proposal in any way discourage the creation of crapcoins? All it does is set standards to legitimize them.

The idea in no way discourages the creation of crap coins, just helps everyone recognize them.

Loving the pushback...we've hit a nerve.

Crap coins can meet these standards, no?

How does this prevent someone copy/pasting search/replacing to create a coin---and then following whatever procedures FairCoin produces to be labelled 'fair'?