Topic: Reducing scam - page 16. (Read 17832 times)
i think the ico market needs a regulation, otherwise we will have only scam icos at some point. but unfortunately i do not know how to regulate icos. i think that will not be easy, but it may be the only way to save icos from the scam icos.
What will bring an end to scam project and fraud is highly sophisticated bitcoin and cryptocurrency investor and knowledgeable and highly skill bounty hunters! Once the stakeholders are equipped, they will be able to starve off scamm project!
It is pretty normal, cryptocurrencies are the heaven for fraudsters. Cryptocurrencies and ICOs are not regulated so thats why that it is so easy to scam people. And nobody will now your real identity.
There is no way that can be done to reduce it in addition to a careful attitude to be selective in choosing to avoid scam. any rules I think cannot affect it has to be better. the adviser may be blamed but whether it's the team with the original advisory or not too sure will be difficult.
A bit of critical thinking and now 90% of scammers are not quoted. Is that so difficult? I guess not. So why don't people want to take that step? Because they're lazy.
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.
Having a regulatory department or whatever you called them can’t solve the problem of scam. Okay, how do you plan to get those money back when they are stolen? There is nothing you can. A stitch in time saves nine, so you just have to be wise and know what you’re doing, don’t be a fool for anything, avoid every program that seems shady. If you keep on waiting for when they will get a department to be solving problems like this, then you will be wasting your time.
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.
Of course that cryptocurrencies should be regulated to protect investors. But cryptocurrencies was created to be free and unregulated, but people are so greedy and they try to do everything to earn quick money (scam ICOs). The problem is that so many investors do not understand anything in the blockchain technology. If investors had studied the projects in more detail, there would have been less scam icos.
Yeah, that's true. It is very important to the investors to have knowledge about the project, so there will not be any scam ICO in the future. But, we can not make people think the same thing just like us, right? Maybe they have their own opinions about that.
In my opinion, only investors can protect themselves from scam ICO. It is necessary to evaluate projects more competently, rather than invest in everything. IMHO
it's very difficult for many people, so scam will exist always in various forms and lazy greedy people will be the victims for them.
To reduce the number of scammers, it is necessary to increase the average level of education of cryptocurrency users.
The problem is that so many investors do not understand anything in the blockchain technology. If investors had studied the projects in more detail, there would have been less scam icos.
In my opinion, only investors can protect themselves from scam ICO. It is necessary to evaluate projects more competently, rather than invest in everything. IMHO
it's very difficult for many people, so scam will exist always in various forms and lazy greedy people will be the victims for them. 
Smart contrac are used to reduce scam projects. But people are people. Many of them are using even this tool to trick people. Be careful.
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.
it would be great to see some accreditation bodies checking on new ico and grade them then post them on the net for people to check. this way people can check on the ico on the website before investing. I know there are some projects doing this, but this have not been pushed much for people to know.
The best way to reduce scams is to just study! I mean, study the project and do your own diligence before investing in an ico! Or in any project. It is pretty easy to do, and the best thing you could do is to research the team. Who is the team leader? Does he have any experience? Is a the team even public? An anonimo us team is usually a red flag, excluded for this coins that focus on privacy
That's right, researching about the team is the key to not get scammed. Most of us are not that tech savvy to read the whitepaper and make the right conclusions. But if the key team members have had successful projects in the past, there's a good chances that their new project will be successful as well.
I think that an anonymous team is not only a red flag but absolutely unacceptable, especially for newcomers to the game. Making exceptions is very dangerous in this case because scammers can easily pose themselves as ones.
In my opinion, the measures taken by the bounty hunters themselves and the caution of investors reduce the appearance of scam lately!
That is always the thing. When scammers start seeing that they are not really having an upper hand or they are seeing less gullible people to thread on, the chances of seeing them coming into light would be a thing of the past. The reasons why scams have been so much on for a while is because, there are so much gullible investors who are just looking to get rich quickly but they are not actually looking at the importance of what they are investing in and why they should be investing in it. There is a huge enlightenment these days and I believe that has really helped a great deal like you said.
Now there's nothing you can do about it, but I think it will all remain so, in the near future all countries will already make the rules and taxes and we will know for sure that there are no scammers. Although many are indignant at the expense of taxes, I think this is right for the ICO to be carried out according to the laws that will be invented in the near future and for us it will be a big plus!
I think regulating ICOs will go a long way into protecting investors from scam projects. While it's necessary that investors should do their research before investing, you can not always perceive scam projects by merely doing that. Many have perfected the act that it takes a lot more to actually find them out.
In my opinion, only investors can protect themselves from scam ICO. It is necessary to evaluate projects more competently, rather than invest in everything. IMHO
I think if there's a regulatory authority handling each of the project/ICO so that there will be adequate scrutinized of projects before its become worldwide known, this will probably reduced scam project in my opinion.
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