Topic: The lack of TRUST in the crypto space right now is horrifying - page 2. (Read 336 times)

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Nothing has changed yet. We are still using old technologies. Blockchain technology is still in its infant stage and will take decades before everyone starts using this new creation (note that I am not talking about crypto currencies).

That is not horrifying. Every investment has risk. If you invest in stocks or a business, there is a chance that you will lose everything. So do you classify them as "horrifying"?
Nope, you don't. And scams exists everywhere. You just have to be smart to not fall for it.

If you are trying to promote your project, make a proper ANN thread. You will attract more people  this way.

First, i wanted to merit your post because you really talked sense but i changed my mind when i saw its all because you want to promote a company, if i merit you, it will look as if we are both promoting the company which i personally is just getting to know from you now.

Talk about scam, it has been one of the major problems of this industry, many project i cant really remember their names in the past have come claiming to solve the scam thing in crypto currencies but they later in the future turn scam themselves, the space is so messed up right now that it has become very difficult to trust any new projects most especially those with anonymous team.
but hopefully, all this will be in the past soon , and thanks for the project anyway, will take a look and see if its worth throwing some money into.

Those things that you have mentioned are becoming common in crypto space. In scams, you just have to ignore those spam comments that you are seeing on social medias. You're not the one that's being targeted by those but everyone who take notice of them and that's why it's best to ignore them and don't put your attention to any of those. And about pumps and dumps, avoid them too. If you're not experienced on it and you're someone who just follows the suggestion of people on the group that you're also with, don't be too gullible with the coins that they tell you to buy.

Well, @20kevin20, censorship has no place in crypto, of course.

The pain point most of the crypto users have is the lack of trust in the so-called crypto influencers and their crazy shilling attempts.

Grooming projects, sending price signals, etc.

Now that we have an open ledger, I think we can combine the censorship of data ( the core of Web3.0 ) regarding transactions & other information, but also have 100% transparency regarding price predictions/project promotions, etc.

How many would have the gut to really start pushing forward only reliable projects, with solid teams, marketing activities, and results?

Cryptocurrency has been designed to specifically remove the need of trust. So to most of us, the "lack of trust" is actually what we are looking for.

Holding people accountable for the info they share seems to me like censorship tbh. I'm against illicit content, but other than that I'm quite open about the stuff people rant about. Censorship is definitely not something I'd want to support.

If you lost everything in one day then the fault is on you, that's because you invested your hard earned money on shitcoins without proper research, also as a newbie in this space you don't have to jump into new altcoins without good research skills, if you are in haste invest in BTC or top 10 altcoins

If you want to invest in crypto projects push trust aside because you won't be needing it, why? Crypto is a high risk investment plan wether you like it or not, for something that is highly volatility well yes you can easily lose it all in a day, it's why we are warned to only invest what we can afford to lose

  Hi, larus,

I will explain my point of view since trust is a sensitive subject.

  Generally speaking, I'm very skeptical in life and trust has to be earned IMO. The way I go about trust is by fact-checking everything I get involved in ( may it be a conversation or a business association ). Also, I personally choose to be transparent on the web, starting from using my real name up to making everything I post or share publicly.

So, I never ask people to trust. I ask them to fact check, research, and make a decision based on their own knowledge.

  Now, if you are referring to the project I mentioned in this post, Coreto, take a look for yourself in the Telegram group, on their social media and website.

I hope I was able to offer a useful point of view.

There are so many scammers in the internet, especially in crypto. Why we should trust others in such situaton?

Hi everyone,


  This is my first post here on the Bitcointalk forum.

What happens right now in the crypto space is both exciting and horrifying.

Why exciting? The worldwide landscape is changing thanks to Blockchain / DeFi projects that bring real value. We are living in a beautiful era - Web3.0 - where anything seems possible ( NFTs, Finance, Stakings, moonshots, etc. ).

Why horrifying? Because you can lose everything in one day. More and more scams are taking place. I personally have been targeted hundreds of times on social media by bots or scammers, pretending to invest/manage crypto on my behalf. I got dozens of emails, 'blackmailing' me by asking BTC to a specific address, or else I'll find myself naked on the web 

But these are not the worst scams yet. At the moment, the most dangerous scams are coming from pump&dump projects and crypto influencers.

We all know what a pump n dump means. Let's focus on the crypto influencers.

Basically, every new project wants to generate awareness and exposure to the crypto community fast. The solution? Influencer marketing.

The process consists of contacting the influencer, presenting the project, and getting a price quote from him. Usually, the prices and humongous and the execution is, well, really really weak.  Thousands and tens of thousands of dollars for some tweets/posts with your own copywriting. Yeah, that's it. That's how weak their execution is - copy-paste, then cash in.

Fake ICO's, pump&dumps, and other shitty projects are being presented to moonshot seekers, wanting to get rich overnight, but ending up losing everything instead. No quality control, no research whats so ever.

  Well, here is where things get optimistic. What if people could be held accountable for their actions? What if this accountability would be stored on the blockchain?

This is what Coreto.io has been working on for the last 2 years, a platform to hold people accountable for the information they share. Their ALPHA will release somewhere this spring and i am very excited to be riding this wave early.

Find out more about their project on Twitter or www.coreto.io. They also have a telegram group where you can discuss directly with the co-founders (https://t.me/Coreto).

  Hope this post sparked some interest regarding the lack of trust and transparency. Have a great week everybody!