Topic: Reducing scam - page 21. (Read 17916 times)
I think the best way to reduce scam is to identify and avoid them ourselves. Since scammers take advantage of people who are easily tricked. Avoiding scam ICOs is just a start in reducing scam ICOs since this ICOs did not benefit from their previous scams they might get tired of trying.
I think the new concept of DAICO will help in bringing sanity to the industry and protect investors interest. As an investor, you will know that any project that is not ready to use the concept should not be trusted with your money
I think reducing scam in the crypto currency or the world is the most difficult stuffs to do
Why ?
Because it is difficult to prevent people from been stupid or naive
It is difficult to monitor people not to take the wrong steps that ends up with been scammed
It is difficult to prevent scam activities if it is not occurring directly to you and I as an individual
The point is
Everyone should dyor and make the proper choices for their self’s
Why ?
Because it is difficult to prevent people from been stupid or naive
It is difficult to monitor people not to take the wrong steps that ends up with been scammed
It is difficult to prevent scam activities if it is not occurring directly to you and I as an individual
The point is
Everyone should dyor and make the proper choices for their self’s
First thing in reducing scam is blockchain education, people need more education as to how the ecosystem works. Of a truth, we have the freedom of investing in just any ICO but if people are well informed, the risks of investing in scam will be greatly reduced.
I think the only way to reduce scam is to have a regulatory body that will be in charge of ICOs. Once there are regulatory bodies then our investments are safe because if a project fails then there will be a refund.
We have in every society "the good, the bad and the ugly". They are inevitable. But we will try as much as possible to reduce bad eggs because they ruin our efforts. I think in my own feeling if a group of honest people can create a strong organisation and partner with Bitcoin Forum to scrutinize ICO's with some basic criteria such as viewing of white papers, the team behind the ICO, are they up to 90% their funding targets etc. Those they see not meeting up to their criteria they are left unprojected. I think if investors acknowledge this site, most scams will reduce to a lowest minimum.
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 all ICO founders must get an official paper of the local authorities to confirm their identieties. If they scam now, the police can catch them easily. 
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.
We need strict regulations and rules for a bunch of ICO's that popping out of nowhere every day I hope they will implement that regulations sooner that may require ICO's to fulfill in order to launch crowdsale for the developments of their blockchain, platform and their tokens, so many scams right now that's why investors are so scared to put money to ICO no wonder why some projects extend their token sale.
i dont think scam can be reduce at this time,,scam will still be increasing in number,,there are lots project with scam,,,and the funniest part is that most project with scam will be the one to have a good starting point,,but as the project is moving on the you will now realise that it was scam ,,so scam can not be reduce
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.
We need strict regulations and rules for a bunch of ICO's that popping out of nowhere every day I hope they will implement that regulations sooner that may require ICO's to fulfill in order to launch crowdsale for the developments of their blockchain, platform and their tokens, so many scams right now that's why investors are so scared to put money to ICO no wonder why some projects extend their token sale.
This requires not only the strengthening of supervision by countries, establishment of a regulatory ico department. but also investors need to improve their knowledge of crypto,when investors have certain knowledge of crypto, those scam icos will be more and more seen through by more people.
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.
I am looking forward to it happening, invite the ICO.if it is realized then security for ICO will be very good, there will be no more fraud in the name of ICO. hopefully it will be realized soon.
I believe we can do that in the future. But not with the traditional way, we need to think a blockchain based solution for this. I already have seen a new ICO which is trying to build a platform where scam ICO will mostly be reduced. I think, in near future, there will be some smart move and scam ICO will be totally removed.
Frankly, Someone must stop these fraudulent they don't have to leave these scams projects play in the industry,DAICO may restrict some fraudent and others projects may play role such W12 or ICOVO.
Yeah there are so many scam projects nowadays but there are some people or members in this forum who helps to reduce the scams projects, try going into scam and accusations there are multiple or posts that are for scam projects they are very good and very helpful because nowadays you won't know if the project is a scam or not they are very hard to identify, they even use the face of other persons.
Trading crypto is like gambling.
another word, crypto is gambling. Do you like gambling?
another word, crypto is gambling. Do you like gambling?
We are our own regulators. Scammers are in all areas, where it is more, where it is less. We must learn to identify them ourselves. After all, some scams can be revealed even without in-depth study of their project. We must rely only on ourselves.
Scam ICO's is really hard to identify even if we have a thorough research by our own because I experienced not once and I lost all my investment and I have waste my time since I participated its bounty too. I think scam can only be reduced if there are is an crypto agency that will validate all new ICO and they are the one who will handle and check its legitimacy.
We've been used to being controlled by a certain group that's why we are having difficulty dealing with the new idea of cryptocurrency. In which, they want this to be decentralised. Let's be patient and see how it works.
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 types of scammers that can get the blame for fake ICOs1. Sometimes we have the scammers that can be the team or behind the team is one person or can be the website dedeveloper.
2. Or the website developer can be a victim as well and got the bounty manager who can get the blame for it for the bounty manager can be the victims as well
3. The whole team can be the scammers the developer and the bounty manager.
We can not sometimes stop things that could happen we could only stay safe and gamble with the chances for the ICO can fail or win and can be a scam.
maybe if the law would be more strict, then it would be an effective regulation tool
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