How easy do you think it is to invest in trust feedback in order to swindle? - page 2.

Mr.right85

hero member

Activity: 896

Merit: 645

Quote from: yahoo62278 on November 11, 2023, 05:27:34 PM

Quote from: Don Pedro Dinero on November 11, 2023, 11:46:55 AM

Why would you open a business, spend thousands of dollars, and run after a small profit? If the business is a solid business and is running smoothly continually generating you a revenue stream, then your obvious goal would be to keep it running and keep it legit right?

You mention Betnomi so I want to talk about them for a second. I think we all learned a lesson on that 1 as warning signs were there, we just kept trying to give them the benefit of doubt as eventually they always came through. I had stopped working with them long before any of the scam happened, but there were issues then otherwise I would have never stopped working with them. I'm still not convinced the owner ran off with thousands of dollars, but I could be very wrong. I think he couldn't pay what users had in their accounts, had no way to come up with it and decided to get outta dodge.

I don't know that we can stop scammers 100% but we should definitely always keep our eyes open and learn from the past.

That’s often the likely scenarios about some projects that later turns out to be the unexpected or scam projects.

I don’t see any reason as to why, a successful business would choose to run away over people’s money and end what could have generated continual and regular funds for the owner. Of course that’s not how someone who hopes to create a lasting brand would think or perhaps, it just wasn’t there line of business at all but even that could be developed on when the going gets good.

I don’t know for the Betnomi project but, I think I’ve been around a while to see them conduct there affairs here and they were okay.
Most times, you just don’t expect the sort of wins that you might experience on your platform and when your not meeting up your ends to the payment, you become a scam. Not to mention the lots of abusers that would be exploring the platform on different levels.

yahoo62278

legendary

Activity: 3584

Merit: 4420

Quote from: Don Pedro Dinero on November 11, 2023, 11:46:55 AM

Because of a case that I don't see clearly lately, I've been thinking about this.

Let's think about someone who knows the forum well and plans to make a scam beforehand. He launches a casino or a mixer, the most typical, and for that he makes an initial investment. He hires people to make him an Ann, maybe design something, and run a signature campaign, things like that, which most likely will earn him positive feedback.

So the business starts to work, and the only question I have here is that if it works by doing it honestly, why are you going to rip people off, but it could be like a backup plan for when the chips are down. You stop withdrawals, you stop responding, you disappear with the money.

It sounds to me like some recent cases might fall into this category, like Betnomi.

I don't know if you share my reading of this, and if you can think of any way to prevent it.

Why would you open a business, spend thousands of dollars, and run after a small profit? If the business is a solid business and is running smoothly continually generating you a revenue stream, then your obvious goal would be to keep it running and keep it legit right?

You mention Betnomi so I want to talk about them for a second. I think we all learned a lesson on that 1 as warning signs were there, we just kept trying to give them the benefit of doubt as eventually they always came through. I had stopped working with them long before any of the scam happened, but there were issues then otherwise I would have never stopped working with them. I'm still not convinced the owner ran off with thousands of dollars, but I could be very wrong. I think he couldn't pay what users had in their accounts, had no way to come up with it and decided to get outta dodge.

I don't know that we can stop scammers 100% but we should definitely always keep our eyes open and learn from the past.

noorman0

hero member

Activity: 1764

Merit: 694

[Nope]No hype delivers more than hope

This is difficult to detect from the start if you look at the comparison between their expenses and income. Just to get a positive score, they are spending multiple thousands of dollars per week for their exposure in one place while they are unlikely to earn that kind of revenue as a new service.

The only thing that can prevent this is that you have to be more selective about which positive scores are relevant to their services. Personal transactions by account representatives do not conclude that the service is completely secure.

Stalker22

legendary

Activity: 1484

Merit: 1355

Quote from: Don Pedro Dinero on November 11, 2023, 11:46:55 AM

I don't know if you share my reading of this, and if you can think of any way to prevent it.

I do not know if there is a way to prevent this completely. I just do not think its possible. But we can fight back by getting the word out about these scams and their shady tactics. The best defense might be awareness - the more folks know what to watch for, the less these jerks can take advantage and its like community immunity - safety in numbers. I believe its a collective effort to keep the space safe. Plus if we make it a thing to always double-check everything, and fostering a culture of due diligence, instead of just trusting blindly, that helps too. So maybe be skeptical of anything new or anything that seems too good to be true.

What do you think could be done to make these scammers' lives a bit harder?

TheUltraElite

legendary

Activity: 2828

Merit: 1213

Call your grandparents and tell them you love them

This is an anonymous platform and bitcoin is pseudo-anonymous, anyone can do anything here and since the legal framework is not that advanced to convict someone for a crime like this, such incidents are not uncommon.

Another example, other than the OP's one, is building trust by taking loans from reputed lenders and then one fine day scam the last lender. Yet another one is a bitcoin physical collectible owner making name for themselves and even meeting some users in real life and then scamming them (the yogg incident).

The fact remains that while dealing with someone on the internet, deal with then with your bag of paranoia. Any site/coin/person can go to the dark side and thus you have to risk your money on that, without putting faith in older trust ratings. All ratings are subjective and hence should be taken with salt.

hugeblack

legendary

Activity: 2492

Merit: 3612

Buy/Sell crypto at BestChange

The longer the period and investments, the less the possibility of scam. For example, ChipMixer invested more than 100 bitcoins in the signature campaign, and therefore they will not scam for 10k. In fact, Sinbad and YoMix campaigns are doing it now, as I assume that the cost per week is $4,000, and therefore they worked for about a year or 48 weeks, and we can say They will not scam you for small amounts.

In general, I can say that any signature campaign that is more than 30 months old is safe for small transactions of less than $10K.

Therefore, all scam campaigns do not last more than a 10 months and if you check, you will find that all scam signature campaigns were closed before tthat due to the high costs compared to the profits.

Note here that I took one criterion to determine scam, which is signature campaigns, and I did not take details trust system.

+ If you notice any DT member placing positive trust without having tried the service and/or dealing with this member, it is best to remove him from your trust list.

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

I don't know anything about betnomi and whatnot, but if you wanna stop scams, don't go after scammers and waste your time, there are more than 8 billion people on this planet, and potentially 500 billion online identities if they wanted to, so there is no shortage of scammers since one man can come, scam, get caught, leave and come back again with new identity to rinse and repeat. So the best course of action is to educate people, if people are educated and vigilant, there will be little to no scams.

Educate people like this : DO not spend-invest-deposit more than what you can afford to loose, that way a few will burn, but people start to understand how things should work, you either trust a person or a service which has a trusted face/name behind it, or if the service is a mixer and no one would put a face on it, then play as low as possible, meaning to deposit-send what you can afford to loose.

Don Pedro Dinero

legendary

Activity: 1288

Merit: 1491

The first decentralized crypto betting platform

Because of a case that I don't see clearly lately, I've been thinking about this.

Let's think about someone who knows the forum well and plans to make a scam beforehand. He launches a casino or a mixer, the most typical, and for that he makes an initial investment. He hires people to make him an Ann, maybe design something, and run a signature campaign, things like that, which most likely will earn him positive feedback.

So the business starts to work, and the only question I have here is that if it works by doing it honestly, why are you going to rip people off, but it could be like a backup plan for when the chips are down. You stop withdrawals, you stop responding, you disappear with the money.

It sounds to me like some recent cases might fall into this category, like Betnomi.

I don't know if you share my reading of this, and if you can think of any way to prevent it.

Topic: How easy do you think it is to invest in trust feedback in order to swindle? - page 2. (Read 439 times)