Quote from: drwoo on July 23, 2014, 12:17:57 AM

Quote from: mig5000 on July 22, 2014, 11:59:33 PM

What I would like to see from a leading exchange like yours is to implement some proof of dev.

- How hard would it be to get the leading dev of interesting coins to chat with one of you in a video call explaining what his coin is, what he intends to do and what not.

I am sure some of them will still be scam, as a competent person can fool you into accepting his coin but after he fooled the community once, this guy will be barred from your exchange forever with his photo published and what not.,. For their next scam they will need an other competent dev to give the speech and answer your technical guy. A method like this is a bit intrusive but for the sake of crypto, I believe this is almost mandatory at this point.

Bittrex is hurting more than helping the community at this point with all the scams. This is unbelievable how much money has been stolen past few weeks with all this stuff. What might happen at this point is people are going to avoid your site and go back to mintpal and invest in established new coins.

I personally was trading quite a bit 3 weeks ago and barely bought any coins on your exchange since then, and intend to do so until this situation is resolved.

Investing in the dev > investing in a coin right now.

Why can't we the investor demand this from the dev on their announcement page before we invest in their coin Huh

Maybe on their website? Why does bittrex have to take the time out of their day, and put more responsiblility on their shoulders for "proof of dev" because when those devs start ripping people off it brings a whole new level of responsibility. I am personally done spending money on scamcoins. Even if i get proof of dev that doesn't mean I will trust that dev or the coin. Personal responsibility people please. I will not blame anyone else for the scams I walked in to.

They will at some point if this trend keeps up.

What I am saying is bittrex should be more vigilant and might want to implement a "proof of dev" type of thing.

1. Scam hurts the crypto community in general
2. People getting scammed are less likely to come back dumping money on the exchange
3. The longer the people keeps their money, the better bittrex is doing on fees, scammer runs with the money while trader trades and pay fees.
4. Bittrex is a CENTRALIZED exchange so get lost with your free market shit. They as a company should maximize their EV and having 4/5 coin scam their base user is definitively not good for them
5. The market auto regulating will take longer than if bittrex added some "proof of dev" methodology by gathering info and outing the scammers.
6. While the market auto regulate, bittrex is going to lose money due to less fee being raked and all these scams ultimately will hit their pocket.

So it's +++++Ev for bittrex to avoid these scams by adopting preemptive measures. Just my 2c.

As for me I really don't care what they do. I'm done trading on bittrex as 4/5 of their launches lately have been scam of some sort and when they are not the brand new 6 hours coin are launched with 1M+ market cap. Not worth my time to trade there.

I'm 33% liquid right now and the good coins that will sky rocket (Like LTC/FTC/PPC did) when BTC moon are all at their 3-6 months low so I'm buying these instead.

P.S. If you want my action back please let people short your coins. I'd pay 20k a year to have this option lol