Topic: Crypto Scams & Our Roles. - page 2. (Read 402 times)

You are right, but I want to include one to it, which is DeFi, there are scam in DeFi projects now, some people will not know about it but onl want to invest in DeFi. There was a time Tron even legitimize a project that pulled and exit scam recently, and there are many other DeFi scam. People will not know about what they are investing on, and be scammed, this is so common, it will be good for people to research very well before greed take from them but never give anything in return.

The deadliest thing someone should do is to click on ads, I made a topic recently to let people know how important privacy is important while online and how the privacy can be compromised by careless and unknown means of browsing https://bitcointalksearch.org/topic/--5280274 As deadly as clicking on ads can be, it is just one part to avoid scammers, there are other parts to be known, some are revealed in the article, and will be helpful for beginners.

The way I see it, everyone, especially beginners, could stand to be a little more careful and dare I say suspicious of any offers out there. Even more so when there's an offer where you can't see the way with which the person making said offer can gain anything from it. Most people didn't get into the crypto world to help others, we have seen evidence of this time and time again. The problem is that beginners haven't seen it yet so they are more susceptible to a scam offer.

The rule of thumb to avoid scam is to wholly take the responsibility of being your own bank without trusting third parties and exchanges, there is a misconception about the Bitcoin network and scam, tbh most of the scams in the network stems from users follies and mistakes, this follies can be avoided, only if the users will be their own Banks and will painstakingly prioritize their security.

Mass adoption is affected by the misrepresentation of the network by the media, even on the beginners and help section, there are many threads on crypto scams, it's possible for newbies to stay shy off this network because of this risk concern. That being said, talking about our roles, I have stated many times already that it's impossible for anyone to protect everybody on the Bitcoin network, hence our role is only to make sure we are correcting this distorted picture the media is portraying, and try to lead people in the right direction through education on how to use this network without losing funds, few of which are, using: Non-custodial wallets, safely stored private keys, seed phrases secured, not telling everyone your own Bitcoin, etc...

Pointing Bitcoin users to btt is another valuable role we can play, this forum has protected/will continue to protect alot of people from crypto scams.

Crypto scam, this is a common problem nowadays. But had we thought what was our role during the scam? Have you realized how scammers and hackers making us fool? Victims always popping up with scam accusations lately especially bitcoin scam/hack from the wallet. As we know bitcoin or cryptocurrency is a decentralized secure payment method. We always say be your own bank by using cryptocurrency where you don't need to trust a third party. But unfortunately, third party scamming us even we are holding our funds in our wallet that we have full control of private keys.

Lately, I have noticed a couple of threads where bitcoin users sent funds to the third party or website. Even transactions confirmed on the blockchain but that party or website refusing to credit the fund. Rather blaming the transaction wasn't confirmed and so on. Means, the person who sent the fund has gone forever. You will find many similar cases.

Do you think what was your role during such as scams? You are the one who has been sending funds to scammers and you are the one who has been giving access to your wallet to the hackers. Except for exchange hack, we are directly helping scammers and hackers to scam/hack our funds. Just we can't realize how we are helping them. Let's discuss a few reasons below.

For scam: Are we not helping scammers to scam us? Scammers don't have the power to scam you if you never handover your fund to him. For example, you found a greedy offer a person or from a website. Then you become crazy to become quick rich shortly and eventually send the fund to the scammer. A scam isn't happening with an only Ponzi scheme. There is so many scam scheme like a giveaway, ICO, Selfdrop, Lending, and so on. Our mind can't determine where we are sending funds before got a scam. So we are the ones who are sending funds by pressing the send button.  

Solution: Solution is very simple, think twice before you press send button. Because cryptocurrency is irreversible, when sent out from your wallet and get confirmation on the blockchain means it has gone forever. It can't reverse to your wallet if the receiver does not send it back to you. So spend time as much as possible you can to do your own diligence. If you can't determine something then ask for help on this forum. Or if you found suspicious things then share it with an experienced person nearest you of you know someone and takes advice from him. I help many peoples when someone asks about any investment sites and prevent them to make a deposit. That's how you can save your valuable assets.

For hack: I have to admit that we can't prevent exchange hacks. But we can prevent our wallets and accounts. How a hacker take control of our wallet if we don't help ourselves? No, it's not surprising to me. I can't recall the thread but I have remembered the story someone lost 50BTC once a time. He was watching porno then a popup message came to him to claim a few free BCH. Then he clicks on the link and follows the instructions given by hackers. Eventually, hackers took the control of the device and move 50BTC from the wallet. So who is helping hackers to take control of our device? Not are we?

Solution: Its also quite easy to prevent hackers to hack your device. If you are not helping them then they can't take control. Keep your privacy safe as much as possible. Don't use the same password for different sites. Don't install unnecessary software at any device where you have stored your cryptocurrency. Use a secure wallet and use extra layer security like a use hardware wallet. Don't use a web wallet to store your funds and always try to use open source non-custodial wallet at least. Always make ake you are downloading wallet software from the original sources even during installation on non-crypto software. Better to don't install anything if you aren't well familiar with the source of software. Don't be greedy to claim free coin and handover your private keys to hackers. Double-check when you are copy-pasting address to avoid clipboard hacking. There would be more ways to secure your find, feel free to express your opinion too. I just give some basic examples.

Control your greediness to keep control of your funds.