How to eradicate scam in cryptocurrency ? - page 2.

kevingreen

full member

Activity: 420

Merit: 101

Quote from: earnestoshodi on August 07, 2018, 07:04:58 PM

Quote from: kevingreen on May 29, 2018, 01:41:38 AM

Hello,everyone I think there is an urgent need to end scam in cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ? Or it can only bring a measure of protection to investor in the cryptocurrency ? Please let's have your opinion

This is will be a good idea if the integrity of the platform can be managed. something that cannot be manipulated or bought. Maybe with escrow for the funds collected

I agree with this point, if all hands be on deck and integrity is maintained a good result will be achieve in the fight against fraud stars and this help to win investors confidence in the cryptocurrency industry.

ojosamsom

jr. member

Activity: 152

Merit: 1

Honestly eradicating scam in crypto currency is not a day job, because the scam is not just a case that started yesterday, so it cannot be eradicated easily, it requires all hand on deck, with commitment and dedication.

Caelanpelley

sr. member

Activity: 602

Merit: 250

In order to eliminate fraud in the electronic money market, there is a need for more rigorous management. There must be strict rules for players to comply. Investors themselves must also know phishing is a bad thing to stay away.

earnestoshodi

newbie

Activity: 75

Merit: 0

Quote from: kevingreen on May 29, 2018, 01:41:38 AM

Hello,everyone I think there is an urgent need to end scam in cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ? Or it can only bring a measure of protection to investor in the cryptocurrency ? Please let's have your opinion

This is will be a good idea if the integrity of the platform can be managed. something that cannot be manipulated or bought. Maybe with escrow for the funds collected

Ejitty

newbie

Activity: 112

Merit: 0

Eradicating scam in crypto currency is not a day job
because Rome was not built in a day, it requires lot of hard work
and dedication to stop it.
Moreover a penalty for defaulters.

Lima0396

newbie

Activity: 168

Merit: 0

I don't really think that eradicating scam in crypto currency is that easy as stated here because these scammers most of them are veteran, they know what people really want, and they know how to arrest people attention after gaining your attention they now offer their cheap ICO to you, most people are blind by their greed they want to be rich overnight, so they fall into the trap of the scammers.
I think a severe punishment should be awarded to them.

DamilolaB

member

Activity: 313

Merit: 10

I think it is possible to eradicate scam projects in the crypto community. However this mission must be back up with strict rules and regulation such that who want to perpetrate scam would have been blocked by a well and highly regulated crypto community.

hrunya102

member

Activity: 546

Merit: 11

I think that such a site will not help, it will complicate the life of scammers a little but will not win them, we need an official regulation and the opportunity to go to court.

lifesgood10

member

Activity: 378

Merit: 13

I’m not sure how but the scammers keep coming with new brilliant ideas which is unusual I suppose
We just need to get across certain protection guides

To prevent people from falling victim of scams
Hope it occurs soon

coin-investor

hero member

Activity: 2982

Merit: 597

Leading Crypto Sports Betting & Casino Platform

Quote from: kevingreen on May 29, 2018, 01:41:38 AM

Hello,everyone I think there is an urgent need to end scam in cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ? Or it can only bring a measure of protection to investor in the cryptocurrency ? Please let's have your opinion

We already have a lot of ICO rating site but still did not help to put out scam or useless ICO, I don't say they are paying these rating sites, it's just shot project are now getting better making their sites or Ico looks better than legit site they generate more funds than these legit ICO.

PROFIT_REVIEW

jr. member

Activity: 81

Merit: 1

“The P2P Marketplace For Digital Content”

Yes, perhaps this way will help reduce the number of fraudulent ICO projects, but for this you will need to come up with a system that will not allow you to pay for the placement of your project on this site.

alfs75

full member

Activity: 392

Merit: 100

platform for everyday business

Quote from: kevingreen on May 29, 2018, 01:41:38 AM

Hello,everyone I think there is an urgent need to end scam in cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ? Or it can only bring a measure of protection to investor in the cryptocurrency ? Please let's have your opinion

actualy its hard to eradicate totally scam in cryptocurrency worlds because there are some people,phishing site's who take advantage the oppurtunity,as the crypto being popular now and used it to make a scam or fraud a certain person who become members of this community of digital system,otherwise theres a way we can avoid and reduce the scam by being vigilant in everything we participate or doing in this crypto investment.

kevingreen

full member

Activity: 420

Merit: 101

I still believe in eradicating scam at least to a minimum .

tenebriscaelum

member

Activity: 462

Merit: 11

The questions should how to prevent one from being scammed. In any era there will be people that will try to get money and scam you it is just how you handle such people and situation. A person must be diligent and should learn self regulation. Yes having institutions or platforms that regulate the system for you is good but having self regulation would be better as even doing transactions that is out of the system or platform you will still be fine and be profitable.

kevingreen

full member

Activity: 420

Merit: 101

I am happy that efforts are been put in place this days by many regulatory agencies around the world to monitor and regulate cryptocurrency exchanges and other cryptocurrency related industries.

Glennbert0106

newbie

Activity: 49

Merit: 0

Of course the best way is to create a regulation that will focus on knowing who are just doing scams and not. Check this one buddy the DCC or Distributed Credit Chain. Transparency has been built into blockchain through the blocks that are generated every ten minutes with a coordinated and verified history of all transactions that have occured. These blocks are then added to a chain, which means that every action is traceable. This would facilitate the uncovering of breaches through routine audits, for example, of transactions.

The Decentralized Credit Chain (DCC) has already begun applying these principles in order to create a decentralized bank. To learn more. Visit DCC's website at http://www.dcc.finance/ or follow their twitter https://twitter.com/dccofficial2018?lang=en

passwordnow

hero member

Activity: 3066

Merit: 577

Leading Crypto Sports Betting & Casino Platform

We can't stop the scams in cryptoverse.

But we can help to avoid these scams by informing the rest of the community on what are these scams are for. Most of their victims are newbies and it's good if you'll able to find one so expose it to the forum.

Indrawan77

hero member

Activity: 1274

Merit: 516

I don't think we can eradicate scam completely, and because crypto are decentralised, its harder to prevent scamming from happening and even if we put it in a reputable site, it will be the same, we need to increase our cautious to all new project, so in order to prevent scammer we need to rely on ourselves

Vroof

newbie

Activity: 25

Merit: 0

Quote from: kevingreen on May 29, 2018, 01:41:38 AM

Hello,everyone I think there is an urgent need to end scam in cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ? Or it can only bring a measure of protection to investor in the cryptocurrency ? Please let's have your opinion

to identify the problem is very difficult because we know that a project is a scam after a long run it lasts

therefore if there have been indications of fraud is difficult to trace and just disappear

lositech

newbie

Activity: 140

Merit: 0

I don't think that would help that eradicate scam in cryptocurrency i think what could help to eradicate scam in the crypto space is regulations, If ico projects are meant to undergo some certain regulations, it will help to eradicate scam in the industry.

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