Topic: Scam projects, what should we do! - page 22. (Read 4333 times)
Many people will always exploit things that are famous and popular and we all know ico have become popular lately so it is expected to see a lot of scammers. Since there are no authorities yet to report those scammers all we can do is share our experience and informations to others as a warning for them to not fall for these kinds of people.
Well, it is clear that fraudsters have become more than in previous years. And how to deal with them - in any case, they will always be.
We cannot really determine exactly if a project is a scam or not. In order to avoid this, you should take into considerations, the principle that can help you filter the best projects which are considerably not Scam. Study their white papers and understand it carefully.
the government is up to it already which is why they are trying to come up with all these regulations unfortunately is unclear to most countries. there are things that you could here in the forum to avoid it and warn users. check the scam accusation section and reputation section. there are active users identifying them, it will be good to have more of them.
Well, it is clear that fraudsters have become more than in previous years. And how to deal with them - in any case, they will always be.
Scammers were late to notice that it is quite easy to fool the investors with fake ICOs. Even in 2017, there were a number of efforts, but this year they have become more innovative.
I think there must be a security agency that oversees the ICO, where each ICO must go through verification first before raising funds for investors, if the ICO cannot be verified then it can be ascertained that the ICO that is run is illegal. I hope there will be an institution like this, if there really is anyone who wants to make a security company like this, I am ready to become an investor, because I am concerned about investors who are cheated investors
Very good idea, after I read your post, I am very interested in your idea, I have also never seen a company that intends to become an ICO analyzing company, I'm sure if the company is created, and launching a token it will be successful 
I think there must be a security agency that oversees the ICO, where each ICO must go through verification first before raising funds for investors, if the ICO cannot be verified then it can be ascertained that the ICO that is run is illegal. I hope there will be an institution like this, if there really is anyone who wants to make a security company like this, I am ready to become an investor, because I am concerned about investors who are cheated investors
what we have to doubt about a scam project is. remember the name of the manager who manages it, don't let us join their Bounty. and don't let us invest either in Ico or their Coin ..
This year we have witnessed many scams projects that we have invest in more than others years. I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.
It is noticeable for everyone and it totally ruin everything around. It also makes people give doubts and uncertainty towards crypto. If these things will continue, investors will never invest on new project, instead they'll just give deal on the existing one cause they are sure that it is already working.
As the crypto market is expanding and its incetors are increasing, so is the number of scammers. It has also become a part of the crypto system, and skilled investors are the only one who are avoidng the scammers with success. And it is impossible to kick scammers out of a decentralized system like cryptocurrency. However, if the government come and centralize it, we will have the chance of kicking the scammers, but it will be done at the cost of cryptocurrency itself, as cryptocurrency will not be what it is if centralized.
It's kinda hard to fight scam on the crypto space because the space is a decentralized space, apart from been a decentralized space, it is still unregulated, meaning that there is no standard to follow when investing or host ICO, the little we can do is to educate more people about the space and helping to report scam whenever we spot one, the more people learn how to spot scam project, the better the space becomes.
This year we have witnessed many scams projects that we have invest in more than others years. I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.
Authorities are doing their share to combat fraudster and crypto projects that are ponzi scheme just take a look at this article
https://cointelegraph.com/news/bitcoin-hedge-fund-and-ceo-slapped-with-25-million-penalty-for-ponzi-scheme on our part we should post those scam projects on this forum so people will know and analyze the project that they intend to invest.
You can't should do anything. Well, you must research full of any project want to investment. Good Bye for your money and say lambo in next time
In fact, it is difficult to answer what to do with scams, of course it is very terrible when scams are almost more than normal projects, you need to think of something to fight with them
There are alot and lots of scams.Since this year i have come across so many of scam project.After campaign some pay and vanish in thin air,While others will disappear in the middle of the project.
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This year we have witnessed many scams projects that we have invest in more than others years. I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.
"Regulation" would be the thing that can really help out to reduce the risk of Scam projects. Strict compliance or validations on project team owners will really be the key on avoiding anonymousgroups that do create fraud projects just to scam out millions of dollars into investors.I cant deny the high rate of scam as of this year compared into the last ones.
This year we have witnessed many scams projects that we have invest in more than others years. I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.
i think it is hard to regulate the icos unless countries will ban entirely the icos. as decentralization manifest in crypto, it is the investors sole responsibility to check whether the project is good or scam. we cannot delegate that.
We should definitely be very sensitive before investing in and trusting projects. Investing in the right projects positively affects the market. Therefore, we need to direct investments to the right projects.
It went up so bad. Our moderators here and police have been busy looking for those scams.
Well, thanks to the users also since they are reporting this scam projects.
We might as well help each other into looking deeper on which is scam and report it quickly. We may not be taking them all out. But one by one will help.
Somehow this will make them tired to create another ICO scam here.
Well, thanks to the users also since they are reporting this scam projects.
We might as well help each other into looking deeper on which is scam and report it quickly. We may not be taking them all out. But one by one will help.
Somehow this will make them tired to create another ICO scam here.
You need to change the system and connect trusted persons who will not give all the money to developers until they release their product or at least a prototype of the product, then you may be able to reduce the number of Scam projects
One good idea is trash the being anonymous of their project.
They cannot be anonymous, they are not satoshi.
Since most ICO's have been a scam then others have been having a hard time to get their soft cap. I once supported a good project who got bankrupt because of not hitting the soft cap.
Those are example of project that are being hit also by this scammers since investors are now doubting the process.
They cannot be anonymous, they are not satoshi.
Since most ICO's have been a scam then others have been having a hard time to get their soft cap. I once supported a good project who got bankrupt because of not hitting the soft cap.
Those are example of project that are being hit also by this scammers since investors are now doubting the process.
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