Topic: Bad Devs and CEOs - page 4. (Read 860 times)
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.
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
The only thing I can see to stop those bad projects is to blacklist those developers and ceos that created the scam projects. It will be difficult to determine which projects are the legit. But there is a golden rule that if the project is too good to be true, it is a scam. We just need to be extra careful where we put our money because not all risks are worth the effort.
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
They are making a bad reputation not just for themselves but also to the whole industry of cryptocurrencies. The main issue that I observed to most projects that failed is that they don't have a realistic goal and the investors are the ones being left behind. That is why it is difficult now to find a new project that you can really trust.
The teams must prove their identity to the investors. I think this will correct the way of looking, as it will provide a more through and transparent look into the matters. But we all are going the wrong way in which the investors are the one who provide the documents to the developers.
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
Question, how to find out, who is good/bad, there are many scam project,and not only in bad project, maybe in good project we can find team,dev who not honest. although blockchain for decentralized, they always find way to hide their bad deeds.
So if there is a KYC for bounty hunters, projects themselves should also do that so that we can file a case against them if they run with our money. Although majority didn't give a s**t, they are all after the money and will hide on some countries.
and this is online, they not really know where these people are, only with confidence hoping they're good people and not scam them
It might surprise you to know that some of the photos you see as the face developers are not even the people behind it. Most photos are made up, and same as the names.
There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.
Only those who are willing to do researches will find the answers, using google image search is one of the ways to find answers to fake photos from fake teams, most times they use stolen pictures change the names but google image search is smart, it can reveal the real image and real names of photos There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.
The major problem is to detect such teams at the beginning. They can even seem professional but when it comes to a stressful point, where good management is needed, they are very likely to keep silent or even withdraw with all the money.
I think people should change their mind about ICO. Maybe yes, ICO is something that can be profitable. But maybe people's mind change to, ICO is something risky that i actually don't know how it will be in market. If people know about that, maybe they will be more careful with what they invest. Because for me, i wouldn't know what will happen with token that i bought from an ICO after end sale.
Almost an ICO dead because bad dev and CEOs of some ICOs project, they make ICO have lower price after listing on exchange market and look not serious for listing on great exchange market.
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The bad developers can do whatever they want to get the money, and even they will show the good face to the public. But still, they are difficult to gain the money from the investor if they don't show the seriousness to work in their project. But the investor now becomes smart to choose the right project, and I think the investor will have some feeling to know which is the bad and the good project. The bad developers will not have a chance to gain money because the investor will try to find more information about the project.
It's looks like they fight only in the begining right? Actually they fight continously even after got some fund from ico. But most of them can not manage investor money and also bring product to adoptions. I knew some of dev/ceo deliver their products to public, but if public user not use it, it wont give anything.
Whatever money they have, it wont survive and grow without real business, real adoption.
Whatever money they have, it wont survive and grow without real business, real adoption.
Yes, to overcome this, we need a trusted international institution to screen and test new projects in cryptocurrency. Somehow they started, this would be a good solution.
This is the reason why sometimes I think introducing a strict regulatory body to control any form of token sale will be the best because any one at all just invest in a project by paying to exchanges and then they issue any amount of tokens and start selling to people. The worst thing is that sometimes, they do not even list an any better exchanges and investors realize that their monies are gone forever when the devs close down their site or stop giving announcement as at first.
Regulation is good to keep checks on projects and to also eliminate the scam projects. This is why some exchanges such as the tier one exchanges like Binance, Kucoin, Coinbene etc has taken upon themselves to run some checks on the project before they host the IEO on the exchange. Some of the checks include provision of the information about the team and proof of documents about the project. This helps to eliminate the scam projects to a certain good degree.
It will be difficult to put scammer ceo and team into the jail if they have not show their face.
That's why we need to researching about the team project before investing on them.
Some press meetup or media from the team will be good for the project to invite more investors.
That's why we need to researching about the team project before investing on them.
Some press meetup or media from the team will be good for the project to invite more investors.
Many projects try to profit all investors, but that is not possible because the bear market has made things worse. Many investors accepted dumping and negatively affected the project, turning the project into a fraud project. However, there are still many profitable projects for all investors who believe in it.
Small projects will be having a hard time to survive in the bear market, even an old project which already has a great volume have dropped with a significant value, ETH for example which dropped to 100 usd from more than 1K usd, that's the effect, however the good thing is that the dev are still here. In small project manage by a non reputable devs, you cannot expect its long term, maybe we were attracted to invest in small cap project because we some some success in the past, that is just because of a good market, but in times of bad market, they won't survive and they can choose to disappear since the market is not regulated yet.
Many projects try to profit all investors, but that is not possible because the bear market has made things worse. Many investors accepted dumping and negatively affected the project, turning the project into a fraud project. However, there are still many profitable projects for all investors who believe in it.
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
This is what most well meaning cryptocurrency enthusiasts would want to control or reduce to barest minimum crypto fruads perpetrated by criminal developers and only sec or a ranking regulatory body can offer this. The problem however lies in control and administration of this ultimate power given to the regulatory body
It might surprise you to know that some of the photos you see as the face developers are not even the people behind it. Most photos are made up, and same as the names.
There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.
Well, if someone wants to support a promising project they should do their own research first before giving money to any random people over the internet. Knowing them will give you a better chance of making a profit of the said project in the future. There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.
It might surprise you to know that some of the photos you see as the face developers are not even the people behind it. Most photos are made up, and same as the names.
There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.
There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.
This is the reason why you need to do your own digging on the project.
As some are using fake profiles, you can easily check it via Google image search.
If you are seriously investing a particular project, you need to put effort into it.
Very hard to go after them as there is no central authority for this yet.
This is the reason why sometimes I think introducing a strict regulatory body to control any form of token sale will be the best because any one at all just invest in a project by paying to exchanges and then they issue any amount of tokens and start selling to people. The worst thing is that sometimes, they do not even list an any better exchanges and investors realize that their monies are gone forever when the devs close down their site or stop giving announcement as at first.
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