can one of you idiots tell me the definition of "scam" and how this definition applies to an ICO? I'm interested
How about launching a business, providing at least a litte bit of proof of your work (+identity) and then ask for crowdfunding ?
Not crowdfunding bevor the first line of code ? Will end in scam in most cases.
Sorry what has that got to do with the actual coin? How does this make a coin a "scam" or do you not understand the question?
Actually very much , if you provide your identity and bank account then you cannot run away. when you are anonymous there is alewas the possibilty ...
doc12 has a point. Crypto, I'm not sure if to take you serious...but you'd want people to give their bank account information away...You're trolling right...?
All that should be required is for the identities of the individuals involved to be known, and real. That way if a scam is done, they get jail time. Basically only invest in IPO's in which the identity of the dev/his team is known. The devs should no way in hell have to provide information like their bank account, street address, etc, Bitcointalk is full of crazy mothafuckas...
OK you are right. But how to make sure that the identity is not fake ? If there is a middle man (like POD) this can always be corrupted.
