Topic: Bad Devs and CEOs - page 6. (Read 846 times)
we know that investing in a project has a big risk and of course we all know that if crime / fraud occurs, investors cannot do anything, because there is no specific organization to manage it, so that every consequence that can be invested by investors is of course at their own risk. In this case the investor must conduct research and validate the project idea before investing to minimize the risk of loss.
The main thing that must be needed and this will end the scam dev and CEO.
Any ico team must be registered in the regulator and it must be verified by a trusted party. To be registered in the regulator the team must be provided with all of their documents that can't be faked. But it looks like we are following the wrong way when investors become a party that already forced by the dev to provide their documents to the developer but the correct situation must be the team provide their identities to the investors.
In current conditions, I see only the following: each platform that can provide smart contracts should have a mechanism for accounting and control of the creators of the smart contract.
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
Investing is only in those projects where there are developers who have experience in implementing successful projects, which showed that they were not crooks, and they are unlikely to be in the future. So you can trust such developers and buy coins of their new projects.
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
It's happening because they are not charged in court, and they are not prosecuted and new developers seeing that those old developers who scammed investors, can run away with a lot of money tried to duplicate and even surpass their success, to the extent that they can show their real faces, to make the project appear real.
I think that everyone who invests money in new projects now should approach this with the readiness that he can lose his money. Now new projects cannot be controlled by anyone, so what you are talking about now is difficult to achieve.
It's a major source of concern in this space, and funny enough the fraudulent team even attend blockchain conferences they do this in other to give further credence to their dying project and lure more investors whom they take to the cleaner and rob them of their bitcoin. I just hope regulating laws deal with these useless scammers.
Most your statement can I understand easily but I still doubt with the reality that has happened to you, could you give the name one of the team that you mean here? It will be good for us to know more and take an example or even an experience of yours. Because I'm still palpate, is the teams that you mean are who success to lounch their project until their coins has been listed on the exchange but the token/coin price decreased a lot in end up? that is just my point. There is a lot of altcoins who meet decreasing price when they are success listed on some exchanges and I feel if the team still trying to make an update for their project it seems like it is not scam but it is just their investor find another coins who has an opportunity to gain a lot of profit.
New changes will enter crypto space the day strict regulations take over, freedom in crypto space is why scammers and criminals are roaming free,once regulation takes over scammers will be dealt with and crypto will be free of these fundraising criminals. The best advice i can give investors is to look deep before spending any penny on any project
Without strict regulation there are a lot of scams in the market, we need to understand first the status of the market in order to see how big the risk investing here. Even if they will be punished, but what about our investment, it will still be gone and we will consider it a loss.
This isn't new as its been known to us that majority of the projects in crypto are scams, in fact during the time when ICO was still popular, I read an article that 80% of the ICO are scams, so that would tell how risky it is investing in ICO.
This isn't new as its been known to us that majority of the projects in crypto are scams, in fact during the time when ICO was still popular, I read an article that 80% of the ICO are scams, so that would tell how risky it is investing in ICO.
The main thing that must be needed and this will end the scam dev and CEO.
Any ico team must be registered in the regulator and it must be verified by a trusted party. To be registered in the regulator the team must be provided with all of their documents that can't be faked. But it looks like we are following the wrong way when investors become a party that already forced by the dev to provide their documents to the developer but the correct situation must be the team provide their identities to the investors.
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
I agree but as far as I know there is no law that protects its investors from ICO that's why they do this all the time in every project. Its just really bad that they have to damage their reputation just to gain some money. This should have been stop and I'm waiting for the STO era that will eliminate scam and fraudulent activities. 
As another project before, blockchain adoption on their project are still a big dream. Always promising a sweat thing to investor with good concept is their responsibility. Not easy as looked, project become stuck and most of them are running away.
They will be liable for those actions in the future. As an investor, you need to do your part of assessing all of those projects that you want to invest. Just because they attended a seminar and meetings, you think that they are good enough to invest.
It's the project itself that must be checked and you have to be meticulous if large amount of money is about to be invested.
It's the project itself that must be checked and you have to be meticulous if large amount of money is about to be invested.
Open and free market, and that will be the consequences.
That's why they have the nerved to show their faces in public and they don't care if they're going to scam us because we are very gullible and easily fall for their trick. That's why iCO are uncontrollable as this point and maybe projects even though very legit doesn't have the success they are hoping because the model is tainted already.
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.
That's why they have the nerved to show their faces in public and they don't care if they're going to scam us because we are very gullible and easily fall for their trick. That's why iCO are uncontrollable as this point and maybe projects even though very legit doesn't have the success they are hoping because the model is tainted already.
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.
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.
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.
The main thing that must be needed and this will end the scam dev and CEO.
Any ico team must be registered in the regulator and it must be verified by a trusted party. To be registered in the regulator the team must be provided with all of their documents that can't be faked. But it looks like we are following the wrong way when investors become a party that already forced by the dev to provide their documents to the developer but the correct situation must be the team provide their identities to the investors.
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
Jump to: