Crypto Scams are a global issue - page 20.

GregH37

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Quote from: chengha937 on May 04, 2019, 07:35:55 AM

Scam is a global issue even before crypto, I think some is just saying that crypto is all scam since it's done in the internet. And as we all know scam normally happened using the internet thus, most people think it's scam. I think whether it's crypto or not, scam is inevitable because scammers just can't get off their hands to easy money.

Those other means of scamming you talked about, which I agree with you that it had been in existence and happening globally before the invention of cryptocurrency is not so easy to get away with like cryptocurrency scam, I have never for once heard that crypto scammer got apprehended, it is so easy for them to walk away freely, your friend could even be the scammer and you may never know for life.

Something just had to be done about this really, before the smaller countries starts using it to accumulate the wealth of bigger countries through their citizens, it’s possible.

goldreset

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Quote from: marcous on May 03, 2019, 05:51:26 AM

Quote from: finaleshot2016 on May 02, 2019, 09:22:36 PM

Scams are everywhere and it's very easy to implement a project scam in the cryptocurrency world because it is being done on the internet. The Internet can be used as a tool of scamming people especially when people get attracted to profit. Since then, I encountered a lot of scam projects for not paying the bounty hunters or the participants of the said project. I also participated in debunking a scam project to its lack of proof of legitimacy.

It's a big issue and very hard to be solved since it's being done globally and we can't control it instantly.

Negative stigma is very inherent in the world of cryptocurrency, and until now that is why some countries do not legalize crypto as a means of transaction but only in the commodity futures category.

Also because in the world, there isn't really much money to go around. Banks to Banks and those 3 big boys, its all about passing around paper with signatures on them. that's it. now this similar stuff is coming forth digitally.

usorin

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Stealing from exchange there are not many measures that one client can take, perhaps don't deposit coins in exchange if you dont use them. Regarding the scams, it should be made a black list with the team members involved in those campaigns and it should be made public.

Argoo

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Quote from: Seeker#9 on May 05, 2019, 01:19:06 AM

This crypto scams might be the reason why some group of countries called G20 are planning to create a global regulation to prevent illegal use of cryptocurrencies. Cryptocurrency scams are still increasing around the world and these perpetrators are mosly using social media and other online mediums to victimize people. This global issue can be solve if all countries cooperates and create a common global stand to combat crypto scams.

Most likely, it will be so. States alone will not be able to deal with global fraud on the Internet. In order to successfully combat such fraud, common efforts, common rules and, if possible, a single center for coordinating such efforts and sharing information are needed.
In any case, the activity of the ICO should be administered to check the ICO team for the likelihood of fraud and it should be run by the local government authorities of each state.

Pamadar

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Quote from: Indamuck on May 05, 2019, 09:09:41 AM

The same scams have been going on since the internet started. Its true that scammers prefer crypto because people have no way to reverse the transaction but I don't believe there are more scammers because of crypto.

If there's scammers is not because crypto is the best place for them, it's just so happened that they so wanted to take opportunities inside this market, as given equal opportunities scammers tend to take advantage of those services that Bitcoin provide to them.

Pagri

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Undoubtedly that will be a very sensitive issue to be addressed by the authorities and the crypto community in general, however the issue of crime and money laundering is not exclusive of cryptocurrencies, and in fact perhaps only a minimum proportion of illicit activities of the world are carried out through cryptocurrencies, because the cash is the most used, simple and affordable method for the commission of crimes.

Stop blaming the bitcoin for everything, this is just FUD.

mersal

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Yes in sometimes it will be like that because a person trust me something and invest a lots of amount in it but if it was scam then always trust and reduced so I think this is happening if it was a scam.

BeGoods

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Quote from: noormcs5 on May 04, 2019, 01:50:13 PM

Quote from: chengha937 on May 04, 2019, 07:35:55 AM

Scam is a global issue even before crypto, I think some is just saying that crypto is all scam since it's done in the internet. And as we all know scam normally happened using the internet thus, most people think it's scam. I think whether it's crypto or not, scam is inevitable because scammers just can't get off their hands to easy money.

Scammer did scams with fiat and bank accounts etc and now they are scamming crypto also. Everything which has a value is subjected to be exploited by the scammers. Saying that scam are only because of crypto is wrong.

Scam is a problem for everyone, not just for cryptocurrency. You right, scam exists not only on cryptocurrency, but on any transaction that can be misused and exploited by a scammer. So stop to justify that crypto is a scam only because of the actions of some scammers

Indamuck

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The same scams have been going on since the internet started. Its true that scammers prefer crypto because people have no way to reverse the transaction but I don't believe there are more scammers because of crypto.

coolcoinz

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Quote from: Seeker#9 on May 05, 2019, 01:19:06 AM

This crypto scams might be the reason why some group of countries called G20 are planning to create a global regulation to prevent illegal use of cryptocurrencies. Cryptocurrency scams are still increasing around the world and these perpetrators are mosly using social media and other online mediums to victimize people. This global issue can be solve if all countries cooperates and create a common global stand to combat crypto scams.

Do you know what the biggest problem with letting them regulate crypto is? The sole definition of the word illegal. One day you'll hear they are trying to help you by limiting the illegal use, the other you'll find that you can't lift a finger without asking them for permission.
What is legal and what isn't? In fact this favies from country to country, from one legislator to another. Most people don't even know what is legal and what isn't as the rules can change every year. We all know the basics, but there's nothing really stopping them from saying that exchanging fiat to crypto on private platforms is illegal.

goaldigger

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Quote from: akeegan on May 02, 2019, 06:39:39 PM

Now that crypto is allowing us to transact globally I am questioning if we are going to start to see more scams happen between countries. Do we need more compliance companies to step in to help major scams and illegal trafficking?

Full report: https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/

Scams are there even when cryprocurrency is not yet existing in the market. It has been the problem not only in that but also in other aspects like banks and internet accounts. It has been the problem of the world and until now its not yet resolved because when the strongest security is made, the smartest scammer is born.

Janation

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Quote from: chengha937 on May 04, 2019, 07:35:55 AM

Scam is a global issue even before crypto, I think some is just saying that crypto is all scam since it's done in the internet. And as we all know scam normally happened using the internet thus, most people think it's scam. I think whether it's crypto or not, scam is inevitable because scammers just can't get off their hands to easy money.

But these days, there are still differences.

Scamming money can be reported and police will find a way to track these scammers. On the other hand, if you're cryptocurrencies are scammed, if Bitcoin is not regulated in your country you will never find a way to get it back. You can report it to sites but you can't be helped by the government.

Seeker#9

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This crypto scams might be the reason why some group of countries called G20 are planning to create a global regulation to prevent illegal use of cryptocurrencies. Cryptocurrency scams are still increasing around the world and these perpetrators are mosly using social media and other online mediums to victimize people. This global issue can be solve if all countries cooperates and create a common global stand to combat crypto scams.

senin

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Yes, cryptocurrency fraud has now become a serious global problem. It arose due to the fact that states are very slow to respond to the emergence of cryptocurrency and its regulation. In cryptocurrency now large sums of money are concentrated and this attracts fraudsters. Fraud has always been a criminal offense, but for so many years the government has been inactive with respect to cryptocurrency fraudsters. This is especially true for ICO projects. So far, only individual countries have prepared bills to regulate the activities of the ICO, but their adoption will take some time.

okala

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Quote from: vhns222 on May 04, 2019, 03:31:36 PM

We always will have this problem maybe regulation will help but we can see how many forex traders scam users and we see one of them famous scammer Ironfx made exchange ironx which don't works normal and seems want repeat its history in crypto with new users so its very difficult always be informed about everything.

I think information is the key word here because even regulation will not still solve the problem of scam 100% because even in the centralized financial system there are still cases of scams, so the only way out is to get good information about any project and business you want to get involved in to avoid being scam.

vhns222

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We always will have this problem maybe regulation will help but we can see how many forex traders scam users and we see one of them famous scammer Ironfx made exchange ironx which don't works normal and seems want repeat its history in crypto with new users so its very difficult always be informed about everything.

Oilacris

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Quote from: akeegan on May 02, 2019, 06:39:39 PM

Now that crypto is allowing us to transact globally I am questioning if we are going to start to see more scams happen between countries. Do we need more compliance companies to step in to help major scams and illegal trafficking?

Full report: https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/

Scams already happening when crypto isn't born yet or just mentioning the traditional fiat system.It cant be stopped and these illegal things

do happen and crypto isn't excluded on such situation yet having anonymous and p2p tx would be the best recipe on making such transaction that's why its no doubt that it would be used up
but theres no need to elaborate.

noormcs5

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Quote from: chengha937 on May 04, 2019, 07:35:55 AM

Scam is a global issue even before crypto, I think some is just saying that crypto is all scam since it's done in the internet. And as we all know scam normally happened using the internet thus, most people think it's scam. I think whether it's crypto or not, scam is inevitable because scammers just can't get off their hands to easy money.

Scammer did scams with fiat and bank accounts etc and now they are scamming crypto also. Everything which has a value is subjected to be exploited by the scammers. Saying that scam are only because of crypto is wrong.

Quote from: Ucy on May 04, 2019, 11:52:47 AM

I believe scams can be dealt with without centralized system or authority but rather with decentralized anti-scam measures.
I wouldn't care too much if the regulators go after the centralized cryptocurrency platforms though. They are not very transparent and can be easily abused.

No matter we have centralized or decentralized systems, scammer and hackers are intelligent enough to scam us. It is our duty to take preventive measures and be alert.

Ucy

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Compare rates on different exchanges & swap.

I believe scams can be dealt with without centralized system or authority but rather with decentralized anti-scam measures.
I wouldn't care too much if the regulators go after the centralized cryptocurrency platforms though. They are not very transparent and can be easily abused.

Oceat

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Scammers are everywhere no matter what we people or the government do when some people need money they always make plans for doing the easy way to make money. And for those people who get easily scammed, it's either a charge for your experience or you never learn anything before. It is easy to spot a scammer if you know how they think although lots of people don't know this that's why they get scammed easily.

Topic: Crypto Scams are a global issue - page 20. (Read 4084 times)