between whitepapper and reality - page 6.

Tory-Tory

member

Activity: 196

Merit: 10

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Quote from: gbale on October 06, 2018, 12:21:47 PM

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

No legal protection exists if the company is not located in the USA. So many ISO frauds just because investors are stupid and defenseless, they have no one to help.
And the name of the topic needs to be changed: between white paper and reality there is a abyss)))))

grifinmch

sr. member

Activity: 756

Merit: 250

Crypto is indeed a very promising and even being too promising thus is used as a method of scammers to get profit. many of the ICO is indeed a scam, and it always exists between it. have escrow I think that could be said to be safe and also need a lot of analysis to determine whether this is good and not to follow.

Thanasis

hero member

Activity: 1820

Merit: 515

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Quote from: gbale on October 06, 2018, 12:21:47 PM

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

Scams are not moderated in this forum so we need to be careful about the scams but we have a section to report those scam projects where we can find almost all the scam projects running our forum so people to to have a habit of visiting that board if they are bounty hunters and ICO projects which will be really helpful for them.

Xiaolongnu

jr. member

Activity: 375

Merit: 3

In whitepaper they tell very much about their products, their vision but until now i don't see any project provide exactly what they described in their whitepaper yet.

lifesgood10

member

Activity: 378

Merit: 13

I think your subject is different from the body of the post
Whitepaper is the supposed plan or view of the reality we are to expect and it means a lot
If the project duly works out you get to the desired destination of the project

As a so called investor, you should be able to identify fake whitepapers or stolen whitepapers
Always do your own research

Tarion

member

Activity: 224

Merit: 12

This forum is a great opportunity to see if an ICO is scam. There are a lot of great community members, that are identifying scam ICOs and posting about it here on Bitcointalk. But usually nobody read these posts. Be more selective guys.

anggriani

sr. member

Activity: 630

Merit: 251

just like heaven and earth, where the whitepaper is a dream that has never been achieved and that is the reality that happens today. for now there are no regulators that can guarantee an ico and provide guarantees to investors. this is indeed a dilemma and often takes a lot of victims, I think this forum has been very thorough and always provides interesting discussion or knowledge. there are many ico scams revealed, whether by moderators, DT members, or other users in this forum, of course in this case we cannot be alone to fight it and we must work together to eradicate it.

michellee

hero member

Activity: 2604

Merit: 816

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Quote from: gbale on October 06, 2018, 12:21:47 PM

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

They only make cryptocurrency bad, and they will lose their chance in the future. Many people now are afraid to get lost from the ICO, and it seems, they are waiting for something new before they reinvest. Yes, they can get away with easy especially if they can get much money from the investor but I am sure that they will get what they did before and I hope that they can get something bad that will happen for their life. I am sure that there will be a law to protect the investors so they can feel safe to invest their money.

spaso_87

jr. member

Activity: 224

Merit: 1

This is already a risk for experienced investors to ICO. There are no legal entities that address this because in track scammers are not something that is easy to do. a good analysis will help keep from ICO hauled off a scam. Perhaps if there is an escrow it will be better because when would be a bridge if it met in the scam.

restumaulana

full member

Activity: 476

Merit: 100

sometimes what they show on the whitepaper seems redundant and not everything they do in detail and accordingly, it is unfortunate indeed, but not all ico like that

Milamol

member

Activity: 686

Merit: 11

Quote from: krassy on October 07, 2018, 12:19:26 PM

It is necessary to develop a system of reliability , which will allow to exclude a number of unfair projects from the list of investors, will save our money and trust to the scheme of ICO. Perhaps it will be a KYC for projects, in which the project representative must register himself before posting announcements about the project on this forum and conduct their ICO.

I also have this idea. In this context, it always seemed strange to me why they require KYC from investors and bounty hunters. In the end, they have no active influence on the project. At the same time, the responsible public person of the project can be a guarantee for investors.

Absolutep

jr. member

Activity: 434

Merit: 2

The team behinde the project are much more important to me than the white because even scammers can come up with solid white paper.It is very important to pay attention to the team and research them.Law or no law,scammers will always exist.

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: gbale on October 06, 2018, 12:21:47 PM

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

There are ICOS that is registered by SEC. If the investors itself take care of minimizing the risks then they can considered those ICOs who are on these regulations. If case of a failed one, those projects are bound to returned the money of their investors because that is part of the law.

But in reality, investors are just throwing away money without proper research. In case of scam, they are left with lots of question in their head.

JuliaJi

full member

Activity: 896

Merit: 103

every whitepaper what I read impress me, it so promissing and perfect, but reality is not so good in 90 % times

Tigerw

member

Activity: 448

Merit: 12

Quote from: auroboros on October 07, 2018, 02:02:33 PM

I think everyone hopes like that, but it is not an easy thing, we all still have difficulties in detecting ICO scams earlier and the law for criminals about crypto currency is still very minimal, and this is what criminals use to gain profits from crypto currency, believe everyone hopes like that, and I'm sure there will someday be a security revolution against crypto currency business

It seems to me that the documentation provided by the developers must be paid attention in two ways, since we must be sure of the accuracy of the information provided by the developers of the project.

auroboros

sr. member

Activity: 588

Merit: 254

I think everyone hopes like that, but it is not an easy thing, we all still have difficulties in detecting ICO scams earlier and the law for criminals about crypto currency is still very minimal, and this is what criminals use to gain profits from crypto currency, believe everyone hopes like that, and I'm sure there will someday be a security revolution against crypto currency business

bney

full member

Activity: 333

Merit: 100

Yes, it can be changed according to the rising os funds. If the investors and community weak the project can be totally dead. so if your going to join Ico you must find a better project

seo-maestro

member

Activity: 420

Merit: 15

I trust ICO's WhitePaper only if I know some people in the developers or leading team and their abilities. If I don't know anybody in the team I skip project and don't read WhitePaper because there are too many scam ICOs now.

Crypdon

member

Activity: 616

Merit: 11

There is no protection and there are no sanctions which is why they call it the wild wild west. People invest at their own risk, even if the ICO project team are unverified. Entrade is a verified company so you can invest there with confidence

Psec

copper member

Activity: 140

Merit: 0

This is the problem we are having in this industry, ICO is not regulated and there is no legal backing for it. This why an investor must be very careful before investing his hard earned money in thin air.

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