Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
i really doubt that there are some chances for us common people who use this market to reduce scammers you can just avoid them 
Topic: Reducing scam - page 13. (Read 17832 times)
The end of a fraudulent project and fraud can only put the intervention of government regulation and punishment for fraud. After the interested parties have an agreement on cooperation, they will be able to stop the fraudulent project and punish those responsible.
It may take time till we have a systematic decentralized framework through which we can detect scam projects and ICOs. There are some simple ways we can use to know the true and authentic projects and ICOs by reading the whitepaper, for example, and the roadmap which have detailed technical info.
in my opinion the solution to the problem is when the government starts monitoring and descending to ensure that the project is truly trustworthy. at least the regulation will make everything tight. but later only projects that are truly real will exist.
There is one great way to avoid counterfeits: Only use the old coins. I've never heard anything bad about BTC teams, ETH or LTC. That's the key.
We are our own regulatory department. We have to rely on the knowledge and information we hold when choosing an investment project and doing the right research. It is very difficult to imagine an authority to classify ICO projects in good or bad. There should be a kind of KYC for projects when they appear on Bitcointalk, team members being forced to write their real dates.
People are smart enough to avoid fraudulent ICO. Those who can not see directly in the face of counterfeiting, need to learn more.
We should built a team to check the projects if they are legit. I would say there would be no ICO without any community or professional check. We need to regulate the ICO market because it is not funny anymore, when even second project is a scam.
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
Same thoughts also in my mind, how to reduce the ICO frauds and scam. Maybe, the thing we can do now is to educate our friends and or our social media friends that wanted to invest in any ICO, to take further study before investing in it, everybody should be aware of the fact, that the happenings of scam and ICO fraud, oftentimes happens because of the lack of knowledge to a certain project or has been hypes with some friends and or scattered news all over the web. Its our job initially, to educate the community behind us about what is really happening, this forum bitcointalk helps a lot to educate the newbies and investors itself.
yeah, i also encounter those we think that a really legit, knowing that their transparency of their project events and announcements, i know its hard to think that there are included with those scammers out there.
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
I agree with you that we need regulations to become a legal umbrella for bridges between investors and developers. there are many ico project projects nowadays and almost most have the same idea as ico that has passed. even we are already familiar with scams. maybe the country must take part in becoming a bridge of regulation to tighten ico and must have a strong and official permit.
I have read that regulations and laws are being worked out for icos and crypto in most of the countries especially Australia and Europe is actively working on the regulatory framework, after they implement their regulatory framework for crypto i think many more countries will follow.
It's worth a wait if these regulation will be implemented around the world. And this should be adopted by every country and the cryptospace as well in order to limit fraud and SCAM projects for the sake of improved and much more robust technology introduction to the world.
I learned in the article that the Swiss state passed a cryto financial regulation law, especially the issue of money laundering, because there were several crypto used for fraud and money laundering. https://traynews.com/blog/swiss-regulator-developed-requirements-ico/
It's already been an issue for a couple of years because you know, people will really find ways on how they can surpassed the law. This is why things really happen. The government continue to investigate about how they can solve or track down transaction so that they have at least have some clue to solve such problems.
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
Don't trust these ICO ratings they are part of the scheme, go check the threads on scam sections there are trusted members of this forum that compiles the list of tools and applications you can use to track if the ICO'S you are investing are scam or fake project, they also compile a long list of scam ICO.
I learned in the article that the Swiss state passed a cryto financial regulation law, especially the issue of money laundering, because there were several crypto used for fraud and money laundering. https://traynews.com/blog/swiss-regulator-developed-requirements-ico/
People are smart enough to avoid scam ICOs. The ones, who are not able to see the fakes right in front of the face need to learn more.
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
Cryptocurrency scam in ICO will reduced itself slowly, you can see by the number of ICOs and the investors now, very few.
The time will tell, the scam and fraud project won't survive because many investors are smarter now, always researching and take due diligence before investing. So, only a good and real ICO will manage to success in the future.
yeah so many project scam now, you must becarufull before you investing, always read and do research before investing in some ico.
need some regulation to make some ico are save or not for investor.
need some regulation to make some ico are save or not for investor.
It would be cool to create some kind of organization like a Bank that will act as an intermediary between projects and investors. People just say where they want to invest. Bank cheat is not so easy.
Its been a while a good feedback of some ico its done right, for the review of some projects i would say that this time were reduce of scam projects. In aware of encountering those scam project make your own analysis by reviewing and reading their platforms.
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