Topic: Bad Devs and CEOs - page 2. (Read 846 times)
Scammers that claim to be CEO and Dev are all around in crypto sphere but the truth is that there is nothing anyone can do about except we refuse to buy into there project. Don't buy into there project.
My friend is a crypto space. We all wish that fraudsters who deliberately deceive people and steal their money should be in prison. However, it is rather difficult to do without proper regulation.
As you said, developers can participate in conferences, shine their faces, do everything to be believed, and then disappear with money. And it’s difficult to find them, and even more so to put them in jail.
The only thing that can be done is to disseminate as much information as possible about them so that in the future they can no longer deceive anyone.
Also, when regulation comes, I believe that they will be rewarded according to their deserts and they will sit behind bars, after having returned all that was stolen.
As you said, developers can participate in conferences, shine their faces, do everything to be believed, and then disappear with money. And it’s difficult to find them, and even more so to put them in jail.
The only thing that can be done is to disseminate as much information as possible about them so that in the future they can no longer deceive anyone.
Also, when regulation comes, I believe that they will be rewarded according to their deserts and they will sit behind bars, after having returned all that was stolen.
If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space...
This is what SEC has always stand for. It does not matter whether their identities are known, but that will they be able to protect the interest of their investors. If developers are asked the question of how they intend to protect investors, most of them will fail the test, because they do not have any concrete thing in place and they lack the technical expertise. the problem is that they have been creating garbage and people have been buying that garbage at an extremely high prices and then they complain why the price of their bags of garbage comes down gradually!
in this process these "devs" become richer and richer. as a result, it attracts more lazy devs to create more garbage to sell to the same people!
if they spent a little time researching the projects they wouldn't have lost any money. and by research i don't mean checking the website or the ads. i mean actually looking at the code, using the coin to see what it offers differently and a lot of other things.
Agree investor are gambling way how to earn profit with ICO and IEO coin because they faced with two option lost or get profit with investment, when you try gambling site you only have two ways get profit by win and lost your money if not lucky, by investing in IEO you take risk with get profit but have ready when your altcoin investing is not profitable with lower price after listing. in this process these "devs" become richer and richer. as a result, it attracts more lazy devs to create more garbage to sell to the same people!
its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain
no, investors are gambling and that is what they get.if they spent a little time researching the projects they wouldn't have lost any money. and by research i don't mean checking the website or the ads. i mean actually looking at the code, using the coin to see what it offers differently and a lot of other things.
Their habit is very greedy. When their project is made by many teams that are not transparent instead of their original photo, then they make the ICO until some round,
not it is greedy once? After sufficient funds, they run only part of the project only for listings on exchange and then not taken care of and ended.
In my opinion, this is a kind of scam that makes investors not believe anymore in models like this.
not it is greedy once? After sufficient funds, they run only part of the project only for listings on exchange and then not taken care of and ended.
In my opinion, this is a kind of scam that makes investors not believe anymore in models like this.
it makes bad image in cryptocurrency, so people wont have interest again if it repeats continously
from that problem, every investors should really know who devs are. check their bio, chat them, ask any criticize questions, so on. so we will know how the devs quality.
we must really understand the project developed too, so, not snare by shit project
from that problem, every investors should really know who devs are. check their bio, chat them, ask any criticize questions, so on. so we will know how the devs quality.
we must really understand the project developed too, so, not snare by shit project
This is the main thing every project depends on the team developing and CEO experience but at this time i see no have any good skills CEO and Dev. So if you want investment those projects then you need follow us Dev skills with their team members and everyone profile bio.
There is always a bit of everything involved if the project has failed. Sometimes it really depends on the market, but in 98 percent of cases, the projects failures are coming from incompetent team behaviour and decisions.
You can't fight fire with water all the time and expect that the industry will become nicer because we police it.
People simply have to understand that crypto means two things on one side of the coin. One thing means we have proper freedom for all our money and financial decisions. But this also means we also are responsible for our own safety and our own due diligence.
We cannot have 1 thing and not the other!
People simply have to understand that crypto means two things on one side of the coin. One thing means we have proper freedom for all our money and financial decisions. But this also means we also are responsible for our own safety and our own due diligence.
We cannot have 1 thing and not the other!
Aptly put mate. I quite agree with your analogy although I still think that our Devs and CEOs who are part of major stake holders of this cryptocurrency market still have alot of good roles to play at this younger stage of the cryptocurrency market till it grows. Or don't you think so?
I believe that you are not mixing things up here, devs or in full name developers are people who are hired by CEOs and their teams to work for them for money and do what they are told. They are not to blame. This comes down to not only promotions ans project quality but also to their decisions with their tokens after they are succeseful in reaching their targets.
In order to influence these people at the legislative level, the loyalty of US regulators to the cryptocurrency is necessary. To date, this loyalty has not been achieved. Maybe in the near future China will help us in this? But I can't believe it. Until the state approves the bill on the legality of cryptocurrencies and ICO fees, we should not hope for changes in this area.
their main reason is still around the business, and their development considerations are not guaranteed to be sustainable, what's worse is they don't care at all about those who buy their coins.
because there is no regulator for this, make sure their project makes sense to be potentially accepted by the market. The range of their roadmap that is too long also looks bad, if they are determined to sell to the public, it should not be a prototype anymore.
because there is no regulator for this, make sure their project makes sense to be potentially accepted by the market. The range of their roadmap that is too long also looks bad, if they are determined to sell to the public, it should not be a prototype anymore.
Everything boils down to regulations, if Team members are not guided by any laid down regulations, many scammers will keep bringing up new projects. If there are regulations, the funds raised via token sale will be on record and if the team fails to deliver their plan, they will have questions to answer or face the law. Unfortunately, that's not the case, we just have to be careful when investing.
Fail with a different scam in intention, but the perceived effect applies the same, ie the prize hunter does not get anything, for investors, there is an option to refund (for those who fail).
And to tell fellow bounty hunters, don't underestimate our dignity because of carelessness, cheating, and thinking of yourself. We must not be oppressed by the rules in this forum, because we also have a place for opinions.
And to tell fellow bounty hunters, don't underestimate our dignity because of carelessness, cheating, and thinking of yourself. We must not be oppressed by the rules in this forum, because we also have a place for opinions.
their main reason is still around the business, and their development considerations are not guaranteed to be sustainable, what's worse is they don't care at all about those who buy their coins.
because there is no regulator for this, make sure their project makes sense to be potentially accepted by the market. The range of their roadmap that is too long also looks bad, if they are determined to sell to the public, it should not be a prototype anymore.
because there is no regulator for this, make sure their project makes sense to be potentially accepted by the market. The range of their roadmap that is too long also looks bad, if they are determined to sell to the public, it should not be a prototype anymore.
Those were always the biggest problem of every project. If team members or developers are too greedy, because they have collected a lot of funds, but do not want to spend them for solid exchange listings, they are very likely to fail to keep the price stable.
This is difficult for us to analyze at this time, because when the project has been promoted, the project team and developers look very good and not greedy, and usually their greed arises when the project has begun to be successful and they want to take a lot of profit for themselves without caring to others.unfortunately the background of the team cannot be widely known by investors and the community. to find out the nature of it we don't have much access to. it so I personally think to focus on the project they are making and find a little information about the team
Those were always the biggest problem of every project. If team members or developers are too greedy, because they have collected a lot of funds, but do not want to spend them for solid exchange listings, they are very likely to fail to keep the price stable.
This is difficult for us to analyze at this time, because when the project has been promoted, the project team and developers look very good and not greedy, and usually their greed arises when the project has begun to be successful and they want to take a lot of profit for themselves without caring to others.
Those were always the biggest problem of every project. If team members or developers are too greedy, because they have collected a lot of funds, but do not want to spend them for solid exchange listings, they are very likely to fail to keep the price stable.
This is difficult for us to analyze at this time, because when the project has been promoted, the project team and developers look very good and not greedy, and usually their greed arises when the project has begun to be successful and they want to take a lot of profit for themselves without caring to others. 
You can't fight fire with water all the time and expect that the industry will become nicer because we police it.
People simply have to understand that crypto means two things on one side of the coin. One thing means we have proper freedom for all our money and financial decisions. But this also means we also are responsible for our own safety and our own due diligence.
We cannot have 1 thing and not the other!
People simply have to understand that crypto means two things on one side of the coin. One thing means we have proper freedom for all our money and financial decisions. But this also means we also are responsible for our own safety and our own due diligence.
We cannot have 1 thing and not the other!
If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain
We cant take any disciplinary actions because they are not in a territory which we can take them down. but we can have the move to warn every users to avoid of this manipulators who are taking advantage to those newbie who still greedy and want to earn a lot on first stage. those kinds of dev's should disappear on crypto space. they are the one's who bring negativity.
This is the most strong reason why we need regulations, we should learn from the past and improve the present. These kind of people should be put prison and get punished. Tokensales should be treated like or same model as IPO's of stock markets, SEC should also imposed strict compliance through this we don't need fake ICO rating sites anymore.
When use regulation for bitcoin maybe we need to control how price some ICOs after listing on exchange, I think is not best ideas if have institution want to manage how bitcoin and altcoin price, just give space for ICOs and IEOs after listing with higher and lower price, when price up just sell and when price dump we buy back bitcoin or altcoin. Jump to: