Topic: Reducing scam - page 17. (Read 17832 times)
I think the best thing to do in order to reduce scam is to put in place some regulatory measures by the government of countries in the world. If ICOs are registered then scam will reduce.
Unfortunately, nothing can be done about it yet. We should rely on our knowledge and choose projects more carefully. Perhaps the situation will change when countries will adopt laws on ICO, but currently have to try yourself.
Something can be done about it it if it is becomes established in the crypto space a regulatory framework through which any ICO that gets through for approval before launch. Honestly at this point in time some regulations need to come into the system,players should start thinking and working towards it. ICO ratings and sites are not just enough
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.
How can you punish the advisors if they are also part of the team and will run with those scumbags.
What you really need to do is just make your own research and go to the deepest part that you could. I mean, social media of them and also their life. You will be like a stalker of them just so to keep your money safe.
The thing is, it will be much work to do that and we are getting tired of doing it over and over. Patience.
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.
How can you punish the advisors if they are also part of the team and will run with those scumbags.
What you really need to do is just make your own research and go to the deepest part that you could. I mean, social media of them and also their life. You will be like a stalker of them just so to keep your money safe.
The thing is, it will be much work to do that and we are getting tired of doing it over and over. Patience.
I know that crypto is about anonymity but I think it will be a really useful if developer team of ICO project will be obliged to be known to investors. And if they are not unknown then they are able to be charged for fraud.
I believe that in order to prevent fraud in the ICO, it is necessary that the sites that evaluate the ICO bear some responsibility for the placement of scam. In this case, the sites will carefully check the ICO and some scam ICO will simply not see the light of day. IMHO
not only other peopel but we as well should check icos and ge careful with what we are going to spend our moneyon on righ now 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.
tjere can be different ways to find put scammers in the whole projects but sometimes this tasm seems to be too hard to solve 
I believe that in order to prevent fraud in the ICO, it is necessary that the sites that evaluate the ICO bear some responsibility for the placement of scam. In this case, the sites will carefully check the ICO and some scam ICO will simply not see the light of day. IMHO
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.
now when crypto is just having been born it's difficult indeed to affect in any way on scammers. in the futere though i huess there will be some sort of regulation that will control cheating
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
We can't evaluate BTC according to its market value. There will be fluctuations, but degree of these fluctuations will get small by years. Primary critera for me is whether development continues or not. This shows us the future of BTC and it goes in a proper way.
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.
there are some projects which plans to build an ICO rating system for all ICOs and will hold funds collected during ICO. this is to give investors peace of mind that their investments will not be run away easily by the project heads after ICO. certain conditions must be met by the project heads before they can be given the funds. also, the ICO rating will give people idea on how certain ICO is legitimate or not.
This is why there is need for regulation , we can't do and survive this scam of a thing if government is not involve in regulation , there should be a body to check all coin real use and also see and have details of the dev for securing reasons to prevent people from being scam and the only way is regulation.
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 think government regulation should interfere in terms of running an ICO, because this concerns about the investing public and trust of the community, the only problem i see is that this is a universal problem that should tackled by a governing body. The sad truth is still it cannot be controlled by some reasons, for me as an investor or a trader and a bounty trader, we should take a due diligent when dealing with this projects, be more resourceful about the projects, study them, make a research about their project, if this project still a necessity in the existing environment, and take a look on the team involved, in this way we can decide if the best could have a future or not. DYOR is the most important thing.
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.
Unfortunately with this crypto world there are only a little ways how to reduce scam. If we want government to regulate it then it would not be realistic in the sense that government is anti-crypto so the only thing that individual could do is research on his own to the fullest to know whether it is scam or not before investing.
scammers have many ways to scam and they learn too so it will be hard to stop them. even when countries regulate ICO scammers can change their ip address and replace it with other ip address and they can hide their identity. maybe if there is someone who would create a project which sole purpose is to analyze anything about ICO. then we could ask and confirm if the ICO is a scam or not. for now researching well can avoid scam projects.
In my opinion, the measures taken by the bounty hunters themselves and the caution of investors reduce the appearance of scam lately!
Well here we have to thank the administration of the forum, until a bounty hunter not really studied projects (see good payment and joined the campaign). And after the moderators began to paint trust, bounty hunters began to study the projects more carefully. 
I think educational programs will help us to solve this problem. Cryptocurrency investors should know how to evaluate startups like it do professionals from venture investments business. Another decision is Kickstarter.
I think they take more promises from the projects they enter, if indeed they are responsible for their projects, of course fraud will be greatly reduced. But criminals are not that stupid, even though we make the system as good as anything, they will definitely try to find a gap to deceive the public
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.
Parts of Asia like Singapore and I think Japan had its regulations already which the team has to register to their SEC. I don't know how it worked for them while other country can't work the same way. It will come later on in a year or so. Its working I guess because it will have lesser scam team too.
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.
No one can be blamed if we're get scammed by an ICO because the ICO itself is not forcing us to buy.
The best thing that we can do to reduce scam is jump deeper to the project before we invested in.
Exactly! Sometimes people are talking about ICO like they are forced to participate. But in fact what is forcing them is their greed alone and nothing else. If you are promised to have 10,000% profit in short period of time maybe you should know better than to dive in. It's a tricky thing actually because some ICOs have had even higher profits, but not in a short period of time, that's for sure.
We'll there are just projects that are just promising good profit and somehow we believe because the team is just too good to portrait they are real.
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