Easiest way to stop ICO scam is - page 7.

ayesha201009

member

Activity: 145

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Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

There is a Vitalik Buterin paper that address the ICO insolvency issues.
https://people.cs.uchicago.edu/~teutsch/papers/ico.pdf
This could be a nice solution, and if I remember correctly some project start to use it! Probably this hype with ICO will end pretty soon with a new global regulation.

tulpash

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Activity: 336

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Quote from: Melfoy72 on March 04, 2018, 03:44:03 PM

Quote from: bitcoinbelieve on February 03, 2018, 10:32:57 PM

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

scam is always there but you could eliminate most of it. I strongly you follow Ian Balina (youtuber). He developed his own data matrix to determine which coin is good or not. He started out like everybody else in 2017 and in the end he is millionaire. Don't follow him every step but learn his process and apply it on next ICO

Thanks for your advice. I'll watch him.
I think crypto community have to develop some anti-scam rules.
Mandatory escrow for ICO for example.

Yes, it is necessary to develop new methods of fighting fraudsters, current methods work very poorly. It remains to rely only on yourself and do a detailed analysis of projects.

Melfoy72

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Activity: 196

Merit: 11

Taklimakan Network : Business Platform for Crypto

Quote from: bitcoinbelieve on February 03, 2018, 10:32:57 PM

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

scam is always there but you could eliminate most of it. I strongly you follow Ian Balina (youtuber). He developed his own data matrix to determine which coin is good or not. He started out like everybody else in 2017 and in the end he is millionaire. Don't follow him every step but learn his process and apply it on next ICO

Thanks for your advice. I'll watch him.
I think crypto community have to develop some anti-scam rules.
Mandatory escrow for ICO for example.

ptolimeus

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Activity: 280

Merit: 100

Quote from: Xeonhp on March 04, 2018, 12:12:05 PM

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

This is not a good way to stop ICO scam. Becoz if they give their token to your but Dev team stop developing their project the token price will go to hell.
I think you should research about DAICO, DAICO let investors vote and get back their money if they don't contentment with Dev team.

Yes, I'm also sure that such simple methods can not defeat scam in the ICO. To combat fraudsters, it is necessary to introduce regulation ICO. But there are positive and negative points in this.

Xeonhp

full member

Activity: 378

Merit: 100

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

This is not a good way to stop ICO scam. Becoz if they give their token to your but Dev team stop developing their project the token price will go to hell.
I think you should research about DAICO, DAICO let investors vote and get back their money if they don't contentment with Dev team.

tahmad

member

Activity: 252

Merit: 14

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

This won't stop ICO scam. Because what, even if coins received automatically to our wallet, this coins doesn't have value yet.
And team still can scamming us, it's easy, just leave the project and close their website. And then coins will not have value anymore.
Stop ICO scam is so hard men, not easy like this.

ProofOfLambo

jr. member

Activity: 238

Merit: 9

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

I think you are very confused about why they need to do a KYC. A scam can very well sell you tokens straight away but there could be useless, worth zero.

7Pro

member

Activity: 179

Merit: 10

Quote from: bitcoinbelieve on February 03, 2018, 10:32:57 PM

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

scam is always there but you could eliminate most of it. I strongly you follow Ian Balina (youtuber). He developed his own data matrix to determine which coin is good or not. He started out like everybody else in 2017 and in the end he is millionaire. Don't follow him every step but learn his process and apply it on next ICO

If he is millionaire because of bitcoin or cryptocurrency mean he is a succes man and has great story in this capacity.
Learn from such person will give us more value about how to invest in ico. Its not guarantee for us will be success but at least we get new lesson from person success story

Denlv

member

Activity: 350

Merit: 39

dApps Development Automation Platform

Hello!I agreed with that need to regulate this icos becose more and more came to scam honest peoples who invest in they project to get profit..I think need to build some regulation project on blockchain where is all ico information conculating,and all faces,names,surnames with scamers all around the world,and option to ban they,blacklisted!

Xioma

newbie

Activity: 168

Merit: 0

Quote from: ternyabin on March 04, 2018, 11:18:13 AM

Quote from: tom14cat14 on March 04, 2018, 06:41:09 AM

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

Hey, good question, I really agains all these KYC procedures and regulation on crypto but when we talk about ICOs I should this field should be regulated for sure, as none of us I am sure do not want to be deceived.

I agree, I think that it will be much better if the ICO will be regulated by the state by analogy with the IPO. This will provide additional guarantees for investors and will make the ICO more secure. Only scammers will suffer. Cheesy

Yeah this is the only part where I somewhat support heavier regulations. Too many ICOs and even airdrops are just scams nowadays

ternyabin

full member

Activity: 238

Merit: 100

Quote from: tom14cat14 on March 04, 2018, 06:41:09 AM

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

Hey, good question, I really agains all these KYC procedures and regulation on crypto but when we talk about ICOs I should this field should be regulated for sure, as none of us I am sure do not want to be deceived.

I agree, I think that it will be much better if the ICO will be regulated by the state by analogy with the IPO. This will provide additional guarantees for investors and will make the ICO more secure. Only scammers will suffer. Cheesy

myrliska1313

member

Activity: 252

Merit: 11

A certain filter of scam projects will really make life easier for investors and those who perform bounties, but the screening is unlikely to happen sometime.

tom14cat14

hero member

Activity: 826

Merit: 500

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

Hey, good question, I really agains all these KYC procedures and regulation on crypto but when we talk about ICOs I should this field should be regulated for sure, as none of us I am sure do not want to be deceived.

Edward Finney

newbie

Activity: 67

Merit: 0

I don't think what you have proposed is a solution to the ICO problem. I think the public needs to educate themselves more on the dangers. Nothing in life comes free. People need to understand the reason the rewards are so high is because the space is so and the risks that come with that are huge

Cookies_N_Cream

newbie

Activity: 94

Merit: 0

There's no easy way in stopping ICO scams as they start like a legit one at first and just goes undetected after they've acquired the funds. If an investor is meticulous enough to check everything before investing then there's 60% chance of being scammed. The 30% will depend on how the ICO team performs after a few months until the end of the ICO and the 10 percent will be if they will be really listed on crypto market exchangers.

Akiko

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Activity: 896

Merit: 198

Quote from: JinCrypts on February 03, 2018, 10:27:07 PM

As if you can control the people behind of the ICO to scam others or be honest. There are no easy way to stop ICO scam, only by research thoroughly you will lessen the chance of investing to a scam ICO.
I've read a nice guideline on how to avoid being scam by ICO check this: https://bitcointalksearch.org/topic/how-to-invest-in-ico-more-safely-checklist-2822896

Thats right , and also need to share some scam there to avoid people to get scam. Thats why be careful to choose always.

Chiyoko

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CryptoTalk.Org - Get Paid for every Post!

Quote from: gizmodo1987 on February 03, 2018, 10:36:10 PM

I think we cannot stop ICO from doing scam. People just need to be vigilance. Do a research and ask for advice to others before jumping into ICOs.

I agree they need make research for it because its hard to stop scam, because they have good project so we dont know if scam or not.

Maian

full member

Activity: 257

Merit: 100

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

We connot stop Ico scam because There are so many ico that also scam not once but some of them also. Its better to be careful.

7Pro

member

Activity: 179

Merit: 10

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

This is the first stage of prevent ico scam but i dont think this is fully working because scam is not only about dont get the token.
Though we get the token but we still get scam if the token does not hve value because the developers dont do like in whitepaper.

hastag_80

member

Activity: 392

Merit: 11

The New Pharma-Centric Marketplace

Quote from: caloriecoin on February 03, 2018, 10:20:52 PM

Let ICO holders automatically send coins to your Ethereum wallet just after receiving your Ethereum

Just like, betrium.co is doing.

KYC is really useless for crypto currency traders.

For me ,the best way to stop ICO scam is that there are some organize division of this community to filtered those coming ICO project if this kind of platform is fake or scam so that the moral of this community will remain high and not affected those who only things doings is to make a fraud into this community forum.actually its hard to determine if that ICO is scam, but if there is part of this organization that filtered the incoming ICO maybe the scamming in this forum would be minimized.

Topic: Easiest way to stop ICO scam is - page 7. (Read 1049 times)