Post
Topic
Board Altcoin Discussion
Re: Suggestions to prevent scammers launch new shitcoins
by
buckminer
on 09/08/2014, 18:12:51 UTC
Anonymity is suspect in any market, not just crypto. Stand behind your product. If people don't have a reputation to protect, or a fear of being penalized by their actions, and simply reap the rewards from their scams over and over, there is no deterrent to the behavior. And then mining and buying their scam coins encourages them to continue to make more of them. The problem is obvious, the solution perhaps not so. I used to mine new coins but lately with all the big x11 pump and dump shit coins I am sticking with the ones with a track record. My little gpu is loving merge-mining Blakecoin and Dirac right now. A way to vet the Devs would be a good start but it is the wild west out there, and isn't that part of what makes this crypto-adventure fun?