Topic: Lots of Scammers Here - page 9. (Read 9142 times)

Reputation used to be something you could rely on when dealing with people. However, now even Legendary accounts can be purchased so this is not a solution anymore.
However, using ESCROW for any transaction over 0.1 BTC s something I d definitely recommend. There re even free ESCROWS here and if the other party refuses to deal with ESCROW, well you know what s the problem then.

Yup, there are TONS of scammers on this forum... But who are you to blame them? They need money, so they chose to scam people for it.
I don't think that scamming is good, but it's just a choice they made. We should just avoid trading with them and ignore them for the rest of their lives.

Anyways, there are also a lot of legit ICOs which are worth it to invest in. I think people should just think a bit better themselves, before investing.
There has been so many threads saying stuff like this, but yet people are getting scammed every minute.

Regards,
Trump

The best advice to anyone considering investing in any ICO or project is to think carefully before parting with your money

I have enough PMs from all sorts of alleged coders who can create the best of the best but all of them have been scammers trying to take money, many asking 25% in advance without any real contract and with no recourse or protection for the investor.

One of the biggest flops was valduz10 purporting to be a coder who will make an exchange for $5000. He offered nothing in contracts and wanted the 0.25 BTC immediately to make a demo site which he would show after 3 weeks. In the final part of the "project" he wanted several thousands to go to CPC and CPM sites that he claimed to have coded which would advertise banners and had some google-dream up his sleeve too. Upon realising his scam was outed, he resorted to name calling like "boyo" and "wierdo".

Another was AikFrank, a Nigerian who wanted 5 BTC to make a Visa card associated with bitcoin wallets which he claim he coded from scratch. He insisted on chatting in a private Tawk.to box rather than leave evidence here in PMs. He claimed he was going to get free hosting but asked for money because he was working on the project full time for 4 weeks. I advised him to change the free adminLTE dashboard and show me a tangible product but then the truth unfolded. He now claims he sold the "company" to a UK company. Upon rumbling his scam he resorted to name calling such as "ghost" and "time waster" both ironically could be applied to himself     https://bitcointalksearch.org/topic/development-in-progress-instant-visa-virtual-card-creation-and-load-with-btc-1931218

There are more but the moral of the story is... Too many scammers here. Some must be making a tidy sum every month by ripping people off, like a salary without actually having a job but happy bringing pain to investors.

I agree but even then scammers are well on top on their game and use stock photos to show faces and add names of the "team" as well as using fake social media. This is a sad fact.

My advice To avoid fraud in ICO projects Check team background, look for transparency, work experience and signs of their emotional maturity. if there is a lack of business experience in the core team, how they will overcome difficulties or big fund raises (emotional maturity is needed here ).
There must be a definite 'need' that is fulfilled, the market with solutions and ideally long-term vision must be clear and profitable. Read their whitepapers carefully, see the roadmap and check the currency industry and Blockchain addressed.

I think a big trust signal is the transparency of the ICO - if the thread includes links to peoples LinkedIn profile, twitter accounts (that have existed for a while) and other legit social media profiles, than that is a sign that there are real people behind the ICO, who put their identities and reputations at stake for the success of the project. That might not make scams 100% impossible, but at least, you will see that there is an actual existing person behind it.

Unlike, for example, the recent fraud ICO "Lust", where they posted a nice set of pictures of the "founders" (without any links to profiles), and, of course, it was quickly revealed that the pictures are from a stock photo site and the ICO was a scam promoted by hacked accounts and bots.

I think it's pretty difficult to reveal  the real team's background. It's easy to create a fairy tail abou tthe person in the internet world... How to be sure that the person is from real life and isn't an ex-defrauder?
 

My advice To avoid fraud in ICO projects Check team background, look for transparency, work experience and signs of their emotional maturity. if there is a lack of business experience in the core team, how they will overcome difficulties or big fund raises (emotional maturity is needed here ).
There must be a definite 'need' that is fulfilled, the market with solutions and ideally long-term vision must be clear and profitable. Read their whitepapers carefully, see the roadmap and check the currency industry and Blockchain addressed.

Who says polybius scam? proof bounty I've been paid by polybius

Look here about the Polybius & EmerCoin Scam: https://bitcointalk.org/index.php?topic=1970796.40