Scammers favorite tools | Bitcointalksearch.org

wozzek23

sr. member

Activity: 1568

Merit: 283

Quote from: Dariusburst on July 17, 2020, 03:34:18 AM

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

This list could be extended by adding:

4. Master node coins
5. DeFi based projects
6. BTC fork with mandatory holding with 1:1000 claim

Yes, scammers are running out of ideas these days it seems hence they do come up again and again with a repeated concept based projects and naive investors are supporting them blindly which gets them zero returns for their hard earned money.

Artificial intelligence based projects must be a new trend. Some people claim there is no AI is existing anywhere but only machine learning is misinterpreted as artificial intelligence.

I guess there should be 10 to 20 projects were announced on this forum about gold back up for the circulating supply of their coins.

Creating artificial deflation must be a deceiving idea but it has been into practice for years. I am not sure how people agree that burning process is a good one toward the development of a project.

danggoron

full member

Activity: 560

Merit: 102

Quote from: Eddyc on July 19, 2020, 11:02:08 AM

It's practically impossible to know the exact tools of scammers and we know that there is a pattern but not confirmation. If you consult the history we will see a diversity of scammers that do not follow a pattern and in the end what really counts is the intention of the developer or team.

Our guess is only limited to assumptions until we really reach the goal was, they develop projects well, give rewards fairly, or instead go away and disappear. Of course, we don't want to be late knowing this. That's why we have to analyze as best we can understand the risks, then join or invest with the right strategy. If the project is doubtful then leave it.
The safe way in my opinion right now is to join IEO which is handled by the exchange top, but it must still be considered the right strategy.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

Quote from: andulolika on July 17, 2020, 05:23:42 AM

Quote from: Sourhearrt on July 17, 2020, 05:06:03 AM

What about gambling platforms in crypto space? They are almost complete scam projects and even those that works today have team that are dubious and they can rob you of your jackpot rewards, I've seen such claim where someone earned 1 BTC and the team sent him 0.5btc telling him to manage it. Lol

That sounds strange as fuck, there are indeed sketchy casinos out there but most crypto casinos that passed the test of time are legit WAY more legit than any physical one. Even some new ones are cool.

Sending 0.5btc after winning 1btc? that must be a half scammed lol. Anything that revolves around here can be used by a scammer, anything that can communicate to other person can actually be a tool for them to use for scamming, and yes even casinos can be a scam too, this is why we have a reputation and Scam accusation section to report those. These days scams are evolving to the point that you can't distinguish which is which between the legitimate ones. My advice? don't be too adventurous you might click a bait Wink

sorrros

full member

Activity: 954

Merit: 104

ludenaprotocol.io

There are so many buzzwords and it is hard to understand what is a new big thing and what is totally crazy idea that can´t be achieved.
After 3 years there is no trusted independent rating company for ICOs and IEOs. Roll Eyes

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: Crypto_lion on July 18, 2020, 09:10:11 PM

I am not sure about the artificial intelligence tokens but gold backed tokens and deflation tokens are not something that I would go into. I don't believe that gold is something useful and investing in it via crypto is not something which I want.

You amazed when you said gold backed token and deflation are not something youll invest in when the type of project are what give people unique profit these days. Check Gold stablecoin which a year old project and already gained almost a million daily trade volume.

Quote from: Eddyc on July 19, 2020, 11:02:08 AM

It's practically impossible to know the exact tools of scammers and we know that there is a pattern but not confirmation. If you consult the history we will see a diversity of scammers that do not follow a pattern and in the end what really counts is the intention of the developer or team.

You're right cause it is totally impossible to know the tools of scammer because they always use diverse methods but it better for crypto investors to understand how scammers operate.

Eddyc

sr. member

Activity: 1020

Merit: 391

It's practically impossible to know the exact tools of scammers and we know that there is a pattern but not confirmation. If you consult the history we will see a diversity of scammers that do not follow a pattern and in the end what really counts is the intention of the developer or team.

Crypto_lion

member

Activity: 630

Merit: 11

NEW MEDICINE:Faster, Safer, Smarter

I am not sure about the artificial intelligence tokens but gold backed tokens and deflation tokens are not something that I would go into. I don't believe that gold is something useful and investing in it via crypto is not something which I want.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: StreakW on July 17, 2020, 05:57:13 AM

I think Masternode and new exchanges are more favorite tools for scammers. If you see this topic https://bitcointalksearch.org/topic/bcnex-scam-withdrawals-are-no-longer-available-5212811. many people talk about BCNEX exchanges. This is most hype exchanges project and becomes scam. It was very sad when the project already popular and many people trust it, and team decided to scam people

Even though the project when launching ICO was a big success because there were many enthusiasts, but apparently they were operating to deceive people. After this incident maybe in the future the exchange project will be a little difficult to gain more trust.

103deltafox

full member

Activity: 491

Merit: 100

I have notice it, these set of use case hardly do well but you keep seeing it, indeed it is scammers tool because their reward looks so tempting and that will lure you into being a part of the project before you know it, they have exited scam,be mindful of projects with juicy offers.

Ifemini

member

Activity: 690

Merit: 12

There are consequences for every action

One scammer favorite tool you have not mentioned are victims greediness and naive attitudes, if you see an investment opportunity it js only right that you do a comprehensive research about it before venturing, but due to laziness and greed several newbies join ponzis.

Hopefully, newbies learn to do their research independently and enjoy the crypto space

crustycrab666

full member

Activity: 560

Merit: 104

terra-credit.com

Quote from: Dariusburst on July 17, 2020, 03:34:18 AM

--
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

In addition, Stablecoin is also often used as a cover for fraud. Most airdrops are currently less valuable or small in allocations, high price estimates are only sweeteners, often the nominal is too small so it does not reach the minimum requirements to be withdrawn. Although the task is simple, we must continue to analyze and be careful, fraud is everywhere. Research to read the rules, and do not sacrifice your personal identity only for airdrops whose value is not much.
To be safer, for now, I only join airdrops that are held by trusted companies or exchanges, with clear rules and clear allocations. Usually the number of participants is limited, first come first serve.

BeginToMine

full member

Activity: 434

Merit: 101

https://www.payaccept.net/

I don't think this is really good because I have seen many deflationary projects that survived it and waxed strong. Scammers can use any method to scam not particular steps so you have no concrete reasons to say so. For the fact some failed you shouldn't be that all are scammers. Remember some used the method genuinely before scammers picked the idea because it was working fine.

conkeconke

member

Activity: 125

Merit: 10

Quote from: Yudhisthir on July 18, 2020, 10:55:07 AM

While doing so, beware of self moderated threads as the starter of that topic can delete any hostile messages.
And the forum review might not be always sufficient to make a decision as there have been cases of hyped project in this forum and some even endorsed by popular forum figures turned out to be scam. Some prominent DT members and I guess a staff member too lost their position just for promoting fake ICOs knowingly. So, it's better to look at every aspects.

I think you shouldn't be on guard with self moderated. Most time, people just don't like off-topic or signature the only poster make their thread hard to keep track of conversations. Scammers don't have any viable tool in bitcointalk to push their thing and this is why I like to stay at here.

Yudhisthir

full member

Activity: 1060

Merit: 103

www.Artemis.co

Quote from: commander11 on July 18, 2020, 10:40:14 AM

Quote from: Dariusburst on July 17, 2020, 03:34:18 AM

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

This isn't the case most of the time. They can imitate whatever they like as long as it is convincing or appealing to crypto-folks.
You should know how to spot the fake project by
[1] Go to Google.com
[2] Search "name of the project + review bitcointalk"

Tadah, you are now one click away to know what the Bitcointalker geniuses think of that specific project you were about to explore.

While doing so, beware of self moderated threads as the starter of that topic can delete any hostile messages.
And the forum review might not be always sufficient to make a decision as there have been cases of hyped project in this forum and some even endorsed by popular forum figures turned out to be scam. Some prominent DT members and I guess a staff member too lost their position just for promoting fake ICOs knowingly. So, it's better to look at every aspects.

commander11

sr. member

Activity: 548

Merit: 250

0x3f17f1962B36e491b30A40b2405849e597Ba5FB5

Quote from: Dariusburst on July 17, 2020, 03:34:18 AM

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

This isn't the case most of the time. They can imitate whatever they like as long as it is convincing or appealing to crypto-folks.
You should know how to spot the fake project by
[1] Go to Google.com
[2] Search "name of the project + review bitcointalk"

Tadah, you are now one click away to know what the Bitcointalker geniuses think of that specific project you were about to explore.

Kvalentine

member

Activity: 504

Merit: 25

Profits can still be make out of bad projects, I tend to hold any new coin for short term only because once they start pumping that will be the last surge you will see and every thing the start crashing down, I remember deflation tokens like Ethplode and BAGS Token, today they are useless

Gayong88

member

Activity: 1540

Merit: 22

Quote from: Dariusburst on July 17, 2020, 03:34:18 AM

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

Yes, you are right if something is built on the basis of honesty and have a product, I am very confident that the project is successful especially if you are familiar and known and supported by a strong team and good management.

fuer44

sr. member

Activity: 1652

Merit: 262

Quote from: Tipstar on July 17, 2020, 03:41:35 AM

Scammers uses catchy and popular concepts to get easy money from gullible investors. They don't do much work and just copy pastes others work with some slight change. Other popular scams except the ones mentioned by OP at the moment are
1. Masternode coins - 90% of them are just scams.
2. Exchange coins - Don't believe any exchange coins as good exchange would always bring their exchange first and issue the ICO on their own exchange.

where tokens will be listed can also be used as a benchmark, how the team manages the project. if a team slides a token into a market exchange with low liquidity, they may just want to cheat and that often happens, where in the end the token ends up with a very low price or exchange rate.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: Jannyh on July 18, 2020, 09:15:34 AM

It's a good thing that over time,we have learnt the trick of most scammy projects, they look so attracting that you will definitely want to invest in it, but it's good a thing most of us have started doing research on projects before investing or even hunting, research helps a lot and reduces risk .

We must have a way to be able to detect the scamer project, I think it can also make us minimize the risk of what will be invested, identify the project carefully so I am sure if we all understand in understanding this it will be easier to detect it.

Jannyh

copper member

Activity: 994

Merit: 4

It's a good thing that over time,we have learnt the trick of most scammy projects, they look so attracting that you will definitely want to invest in it, but it's good a thing most of us have started doing research on projects before investing or even hunting, research helps a lot and reduces risk .

Topic: Scammers favorite tools (Read 630 times)