RE: How to get scam coins out of your BitShares account. by cryptick

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bitshares · @cryptick · Feb 18 '18

Great Point. There is a transfer fee, but it is minimal. Given that the coins are worthless, the fee is totally going to be worth more than the value of the coins. Since, you bring it up, lets run the numbers. With BTS at $0.25 and the transfer fee of 0.01662 BTS oer transfer. You get 60 transfers for one BTS or it costs about 1/2 cent per transfer. However, for the cost of a dime or a quarter you cannot have to see them and you can help warn others. You can use the coins as a very small strike back against the scammers.

👍 graphicalx, diogogomes

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@graphicalx · Feb 19 '18 (edited)

True, but if you really want to strike back at the scammers, a better way is to sell the scam coins right away when the scammer is creating a fake market by both buying and selling. Creating an order fee is a lot lot less (0.00092 BTS),  and the scammer will pay BTS to buy their own crappy coin. E.g. http://cryptofresh.com/a/QVANTUM

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@cryptick · Feb 19 '18

Interesting. I am definitely open to improving the idea. In many of these cases the transfers are such small amounts that selling it back is not worth the time. I think there is more room for improvement here though.

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@funkit · Mar 19 '18

$0.10

You're right. I sell the all the time.

👍 funkit

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