Crypto has gone to shit - page 45. | Bitcointalksearch.org

o_e_l_e_o

legendary

Activity: 2268

Merit: 18771

Quote from: dixon98 on February 11, 2018, 07:37:02 PM

Many airdrops are obvious scams, yet we have folks commenting "Great project", "Nice idea". Some even got duped into donating for nothing.

Whenever I see a new coin being shilled, with people commenting "great team" or "solid project" and nothing else, I immediately stop reading. If the coin is backed by a bunch of sheep that just repeat these stupid phrases with no substance, that haven't read the whitepaper, that don't understand the technology, that can't explain what the coin is trying to do or what problem it is trying to solve, that can't give logical reasoned arguments as to why it is a good investment, then it's not a coin I'm going to invest in.

I'm not going to waste my hard earned money because some anonymous 16 year old online told me that it's "going to the moon!!!".

dixon98

jr. member

Activity: 126

Merit: 1

EQUAL Network Token

There are way too many scam ICOs, fake airdrops. It's amazing how much money were lost to conman.

Many airdrops are obvious scams, yet we have folks commenting "Great project", "Nice idea". Some even got duped into donating for nothing.

As long as we have naive people in crypto, the scams will continue to flourish, unfortunately.

wayancrypto

member

Activity: 462

Merit: 11

I think cryptocurrency market and ICO need regulation to avoid some fraud, with regulation ICO will be more interesting and to be more safer investment just like stock market. There are any scam and fraud in crypto because any chance to do it, so to avoid it should be any regulation.

kier010

full member

Activity: 532

Merit: 100

crypto is good but the people behind this scam gives bad image to crypto. before crypto are created scams are their already and they just see crypto as another way to scam because some people invest without knowing that the ICOs their investing is scam. better research and avoid this scam and if you know it is a scam you can warn other people in the forum.

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: Sir Cross on February 11, 2018, 06:11:40 PM

It’s true that there has been numerouse scams and something has to be done about this. However, I don’t think another crash would help or do much to solve the scams. There are many more ways to address this problem.

Yes scams everywhere but if you are good enough you will not fall on this kind of project, always study the project so you will not ended up as a victim or what. Another crash really not a solution, maybe we need some security on making ICO or a bond i think.

Skroojee

member

Activity: 434

Merit: 10

I agree that there are a lot of coins already. But they still need to be released once. But at the expense of fraud - then you are right. This is frightening. And why do you really need to collect 20 million dollars for a small program? Just a good deal of healthy competition, but there is a usual scam, and now there are a lot of scammers.

kickstarter

full member

Activity: 420

Merit: 105

Quote from: green547 on February 11, 2018, 11:05:46 AM

Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.

Clearly not ICO devs are to blame here. Foolish and greedy people, their ignorance and not willing to think and learn to understand crypto. That's the reason for such a picture we can see now. And I think the things are going in the right way - this is the only chance for most of the people to make mistakes, get some sad experience and learn something. Crypto is a good teacher and it even pays you sometimes

Sir Cross

full member

Activity: 336

Merit: 106

It’s true that there has been numerous scams and something has to be done about this. However, I don’t think another crash would help or do much to solve the scams. There are many more ways to address this problem. People should be educated on scams so that they know how to look out for these schemes. There are still plenty of ICOs with high potential so having a crash may not help. Perhaps if we somehow persecute these scams, the scammers will be discouraged.

KeithBeeCham

member

Activity: 252

Merit: 22

Marketplace for sensor data

Sorry, you must have seen many ICO scam campaigns right? Currently, if not thoroughly researched on ICO projects, the rate of fraudulent ICO campaign is enormous. But there are also a lot of potential ICO projects, maybe x10 regarding exchange rates over the money invested. So be optimistic!

Brothersav

member

Activity: 182

Merit: 10

Quote from: green547 on February 11, 2018, 11:05:46 AM

Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.

Maybe Darwinism can be applied to cryptocurrency too Cheesy

I think the strongest coins will survive and the remaining will fizzle out into nothing. I've invested in my first ICO a few months ago (see signature) and I did hours of research and stalked every developer and staff. I still can't believe people throw their money at blatant scams. You're right too- people are too greedy and will invest in pump and dumps just to turn a profit. Unfortunately people will be ruined from this game

propagate

newbie

Activity: 36

Merit: 0

As things become more mainstream it gets worse as the majority in the scene have no intelligence.

The main core of enthusiasts who are competent people get over run with an influx of stupid people. They can then be taken advantage of by bad actors. This in turn creates bad press for the crypto scene.

Suzukigsxr250

member

Activity: 250

Merit: 13

Dextrust.org #Defi

In every business there will be a scam and projects that's bring nothing new the problems right now there are too many but if we can seperate good and bad projects we can stop this.

aioc

hero member

Activity: 2926

Merit: 567

Even if there is new crash and some of the altcoin continue to go down, these devs will just build another coin, another roadmap, there should be regulation on these so we will end up with only good projects some Ico rating are giving good rating to bad Ico and this is bad for the industry.

Blas

full member

Activity: 490

Merit: 100

This is very unpleasant problem, that come with popularity. The more popular altcoins become there will be more and more scam projects. But without popularity altcoins cannot move forward. So we have to deal with it and be more careful and selective before investing.

tiggytomb

legendary

Activity: 1848

Merit: 1000

Quote from: green547 on February 11, 2018, 11:05:46 AM

Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.

I understand the frustration, there are far too many projects around that claim they need x amount of money in order to get out of bed and do something that years ago the altcoin devs would have done for the love of the project.

John_Slater

jr. member

Activity: 65

Merit: 1

Another crash won't fix anything. It doest matter if mcap is 50 bln or 500 bln... There'll always be a lot of scammy things

Dxlike

member

Activity: 210

Merit: 10

Agree 100%. No one could say better)))

inlovewithcrypto

newbie

Activity: 42

Merit: 0

is quite positive perspective Cheesy

frost_wind

member

Activity: 560

Merit: 16

That's how it works , when something gives a possibility to earn a significant and easy money . It attracts crowds of scammers and I see only two ways to deal with it : 1) Regulate crypto , bring it to a legal sphere and cover with laws , which will protect people from scammers . 2) Ban crypto . We can see some attempts to regulate crypto , but I don't see enough action to fight and defeat scam in this sphere , regulators care only about money now, but I guess they will fight scammers later , in time , because that's the way for them to earn additional money .
P.S . while typing this I realise that governments and scammers is the same shit for us Grin

. All the difference between them is a pocket where our money goes .

makulo123

full member

Activity: 238

Merit: 100

Well, everything about crypto nowadays is powered by greed, fear, fomo, fud, but the whole thing wouldn't be possible without the tech behind it. It will take some time for masses to realize what is the true use case of cryptocurrencies considering that crypto will fix its own problems: vulnerabilites (bomber 17mil NANO, Parity all-time hacks, ICO exit scams, Disconneeeect,...), tx fees, minor txs fees, speeds, etc.

Topic: Crypto has gone to shit - page 45. (Read 5068 times)