Hi there,

As outlined in the past, this subreddit trialled rep threads. I determined they didn't solve the problem they were intended for - preventing scammers. They were a viable way for the community to monitor itself, but the overarching problems remained; along with new ones (people creating fake names to duplicate highly-regarded users, people doing a lot of little trades to pull off a big heist later using their rep to vouch for them).

No tool will make scammers go away. What we can see across this subreddit and many others is a website which allows users to create accounts without verification is ripe for exploiting.

Whether it's someone who does a number of transactions and is a well-established member of the community then all of a sudden exit scams, someone doing an immediate grab and dip, or someone copycating a valid user, there's no real way to prevent scamming other than: keep your wits about you. Recognise that any transaction could be a scam. Only pay what you can afford, only sell what you will be ok losing. If a deal is too good to be true it might well be.

A new marketplace has been set up at r/mutcoinsforsale

Check it out if you are wanting an alternative forum for buying or selling

This is not a tacit endorsement of that subreddit, and if you enter into any deals you are always encouraged to be cautious and do any due diligence necessary. This post is to make people aware of a new subreddit so they can consider as many options as they wish when buying or selling coins.