The Urgency for Scammer Blacklist | Bitcointalksearch.org

carlfebz2

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Quote from: buwaytress on May 18, 2019, 12:27:35 PM

Quote from: Kemarit on May 17, 2019, 06:00:21 AM

Well it's good to hear they going to blacklist scammers, but we all know scammers evolved as well. They're like chameleon, just changing colors and they're going to be difficult to follow though and it's too late before we can found out what they up to. What should we need to do is let people know about the potential to be a victims here, whether you are a average Joe or multi millionaires in this market, sooner or later who will be enticed by these scammers so it's better if we would educate them before they fall for this trap.

Yup! There's really strong evidence to show that in my region, for example (Southeast Asia), it's been the same old ringleaders perpetrating HYIP scams since the 1990s. That's more than 20 years of the same old guys just doing HYIP and ponzi scams online. Using whichever digital currency was easiest for them to escape detection. Bitcoin in a way is the best so far, because it's irreversible and just easily obtainable by victims.

How theymos and this forum did up the ICO educational post is a wonderful example of what actually works to prevent more scams from happening.

Lots of advises and links about scams here on crypto either on ICO's or Hyip investment but people do still got victimized due to poor reading and researching on things same as you said
these scammers would use all of the possible things which they can able to scam out people and crypto is the best recipe currently for getting millions of funds.
Busting up would most likely happen when its already late.

buwaytress

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Quote from: Kemarit on May 17, 2019, 06:00:21 AM

Well it's good to hear they going to blacklist scammers, but we all know scammers evolved as well. They're like chameleon, just changing colors and they're going to be difficult to follow though and it's too late before we can found out what they up to. What should we need to do is let people know about the potential to be a victims here, whether you are a average Joe or multi millionaires in this market, sooner or later who will be enticed by these scammers so it's better if we would educate them before they fall for this trap.

Yup! There's really strong evidence to show that in my region, for example (Southeast Asia), it's been the same old ringleaders perpetrating HYIP scams since the 1990s. That's more than 20 years of the same old guys just doing HYIP and ponzi scams online. Using whichever digital currency was easiest for them to escape detection. Bitcoin in a way is the best so far, because it's irreversible and just easily obtainable by victims.

How theymos and this forum did up the ICO educational post is a wonderful example of what actually works to prevent more scams from happening.

CryptoBry

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Quote from: bitcoindusts on May 17, 2019, 07:14:18 AM

Quote from: Theb on May 15, 2019, 11:12:28 AM

Quote from: https://tribetica.com/a-group-of-major-crypto-traders-reportedly-considers-scammer-blacklist/

The Bitcoin industry has been rife with a wide variety of exit scams, phishing attempts and other such schemes since its earliest days, but nevertheless there have not yet been any serious attempts to formalize such a blacklist system.

And how can such blacklist stop exit scams and phishing attempts from happening? Not unless they have the power to block ip addresses, phishing sites or stop transactions from happening a blacklist is just a list with no power from stopping any scam from happening in the future. Harlot is right to say that they could easily create a new identity and not only that they can still create new phishing sites as well as new scam HYIP sites in order to fool more people again. Scams won't stop not unless people stop being victimized by them already.

It is true that blacklist will not stop scams and phishing from happening but on the other hand bringing out the facts about how rampant these illegal activities are will somehow make users more aware and careful in safeguarding their digital assets in their wallets and be vigilant in every transactions they make online.

Information and its dissemination can somehow help us always be aware and careful about the very industry we are in as it is now and probably will always be riddled with scammers, hackers, phishers and similar fraudsters. There is no single solution to deter scams and these people can always be ahead of the game...this is a big fact. However, we have to do something about this as we can not just sit down and surrender without a good fight. One small solution can contribute a lot towards this fight.

bitcoindusts

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Quote from: Theb on May 15, 2019, 11:12:28 AM

Quote from: https://tribetica.com/a-group-of-major-crypto-traders-reportedly-considers-scammer-blacklist/

The Bitcoin industry has been rife with a wide variety of exit scams, phishing attempts and other such schemes since its earliest days, but nevertheless there have not yet been any serious attempts to formalize such a blacklist system.

And how can such blacklist stop exit scams and phishing attempts from happening? Not unless they have the power to block ip addresses, phishing sites or stop transactions from happening a blacklist is just a list with no power from stopping any scam from happening in the future. Harlot is right to say that they could easily create a new identity and not only that they can still create new phishing sites as well as new scam HYIP sites in order to fool more people again. Scams won't stop not unless people stop being victimized by them already.

It is true that blacklist will not stop scams and phishing from happening but on the other hand bringing out the facts about how rampant these illegal activities are will somehow make users more aware and careful in safeguarding their digital assets in their wallets and be vigilant in every transactions they make online.

Kemarit

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Well it's good to hear they going to blacklist scammers, but we all know scammers evolved as well. They're like chameleon, just changing colors and they're going to be difficult to follow though and it's too late before we can found out what they up to. What should we need to do is let people know about the potential to be a victims here, whether you are a average Joe or multi millionaires in this market, sooner or later who will be enticed by these scammers so it's better if we would educate them before they fall for this trap.

jhongzjhong

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With proper and committed development, this Blacklist will be able to avoid at least 50% of the scams and frauds made by hackers. If they will be able to find another option to prevent the scammers excluding the IP address and the whole account, then the hacking would be avoided. This is the reason why sometimes, KYC is considered by the applications. To protect its users from an anonymous fraudster.

buwaytress

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Quote from: jseverson on May 16, 2019, 01:29:26 AM

I think this could reduce scams, but the biggest question would be to what extent. Plenty of scammers are legit until they're not, and the ones who start out as outright scams get outed nearly immediately. They also talk about implementation being problem, and I think it's a big problem.

The fact that decision making would have to be somewhat centralized could also encourage gatekeeping and weeding out up-and-coming competitors. It would be their prerogative if they want to push through with this, but it would be dangerous for the community to trust them blindly.

This is why it's just not sustainable maintaining blacklists. I mean, look at France, for example, or Malaysia, examples of very different governments and financial regulations. They've both got blacklists for crypto scams but it's pointless to keep adding to those lists, because the same perpetrators are busy making new scams or new perpetrators are copying tactics.

And as you say, they're legit until they're not, so the roles of regulators becomes more pronounced, and the onus is on the investor, to understand what it means to perform due diligence. Not even talking about complex doxing, merely basic research and a bit of common sense so you lower your risk of falling for a scam.

Education is far more important. Today, fewer people online fall for Nigerian scams. It wasn't because of blacklists but gradual awareness.

jseverson

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I think this could reduce scams, but the biggest question would be to what extent. Plenty of scammers are legit until they're not, and the ones who start out as outright scams get outed nearly immediately. They also talk about implementation being problem, and I think it's a big problem.

The fact that decision making would have to be somewhat centralized could also encourage gatekeeping and weeding out up-and-coming competitors. It would be their prerogative if they want to push through with this, but it would be dangerous for the community to trust them blindly.

orions.belt19

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The scammers should be prosecuted. For me, I believe, that is one measure that should be done to alleviate this problem. However, the question on jurisdiction and enforcement will be kind of tricky and complicated. The officials can only do so much plus it will be hard to catch them. They can easily disappear, abandon their compromised profiles and start anew. The creation of a blacklist is only a band-aid solution. I'm pretty sure these scammers are not so afraid of being caught.

I guess a way to help is to educate the users out there so that they may avoid being scammed. If there were less victims of these scams, then the scammers would probably run out of a business to run. We should expose them of their ways and pinpoint the red flags so that the people are aware and they can protect themselves.

dunfida

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Blacklist for what? You can make some scammers list but the situation is already been done and completely get rid of it is impossible.Attacks and Frauds cant be stopped
Just take a look for example on traditional Fiat market,these scammers are everywhere making and waiting for the opportunity to get money in all sorts as long the place
involves money then it is automatically prone to these criminal minded.We can lessen up the incident by giving out safety and precautionary instructions and reminders to people
because lessening the chances of being scammed would always start with users sensibility on securing his assets/funds/wallets and investment factors.

dothebeats

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No matter how pure and noble their intention on this sounds, I still don't believe that this would be effective in completely preventing scams from happening. Seeing how easy it is for scammers to get an identity that isn't theirs, the cycle of scamming would continue. Notifying the law enforcement agencies on the other hand can only do so much too, IMO, unless they proactively chase after these scammers. In a world where money basically makes things run, scammers are always a part of that equation, so yeah, a 'list' wouldn't suffice.

avikz

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Quote from: CryptoBry on May 15, 2019, 02:04:25 AM

Quote

...major companies such as Ripple, Cumberland DRW and Galaxy Digital Holdings gathered to discuss some of the practical applications of such a blacklist. Similarly, alternate plans were also discussed to form a sort of “whitelist” by introducing formal industry standards to accredit firms in good standing.

Source is here.

We are all aware that the cryptocurrency industry is rife with opportunities, innovations and changes but at the same there is a dark side into it: the proliferation of scammers, hackers, phishers and all fraudsters which seem to have found the paradise they dreamed here. The incentives to do their business with precision and extreme talents can be so huge: billions of dollars were already lost into thin air and into the fat wallets of these people in just relatively 10 years of cryptocurrency existence.

That is why even if it might not be totally effective I am supporting the move for a group of major crypto traders to set up a scammer blacklist. This can help somehow to steam the tide of many scams affecting the industry and hopefully can be the start of an industry-wide response to this malady. Aside from the blacklist, what other viable measures the industry has to seriusly adopt in responding to this big challenge?

I doubt any such blacklist will be an effective measure against scamming attempts! Yes, some common scammers can be avoided at first instace but it's very easy to create a new identity! Even if this practice is adopted industry wide, even then it is impossible to completely avoid the scammers, but a certain degree of scams will be reduced! But seriously, I don't see any major value addition in this blacklist creation attempt!

There are other methods of reducing or identifying scammers within a network, like trust rating, community approval etc. But none of them are effective in a decentralized environment. That's one of the drawbacks of decentralization!

Theb

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Quote from: https://tribetica.com/a-group-of-major-crypto-traders-reportedly-considers-scammer-blacklist/

The Bitcoin industry has been rife with a wide variety of exit scams, phishing attempts and other such schemes since its earliest days, but nevertheless there have not yet been any serious attempts to formalize such a blacklist system.

And how can such blacklist stop exit scams and phishing attempts from happening? Not unless they have the power to block ip addresses, phishing sites or stop transactions from happening a blacklist is just a list with no power from stopping any scam from happening in the future. Harlot is right to say that they could easily create a new identity and not only that they can still create new phishing sites as well as new scam HYIP sites in order to fool more people again. Scams won't stop not unless people stop being victimized by them already.

Harlot

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This blacklist wouldn't even be effective at all when the scammers themselves won't be caught. Remember majority of all crypto crimes are done online and as long as the scammer is not behind bars a blacklist on his name eon't stop him from scamming people. He could easily create a new fake identity just to scam people again and again. Instead of a blacklist we need to urge our own governments to have their own legal framework to protects its citizens from potential scams. If no one is getting fooled by them than there will be less and less scammers trying to scam us.

CryptoBry

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Quote

...major companies such as Ripple, Cumberland DRW and Galaxy Digital Holdings gathered to discuss some of the practical applications of such a blacklist. Similarly, alternate plans were also discussed to form a sort of “whitelist” by introducing formal industry standards to accredit firms in good standing.

Source is here.

We are all aware that the cryptocurrency industry is rife with opportunities, innovations and changes but at the same there is a dark side into it: the proliferation of scammers, hackers, phishers and all fraudsters which seem to have found the paradise they dreamed here. The incentives to do their business with precision and extreme talents can be so huge: billions of dollars were already lost into thin air and into the fat wallets of these people in just relatively 10 years of cryptocurrency existence.

That is why even if it might not be totally effective I am supporting the move for a group of major crypto traders to set up a scammer blacklist. This can help somehow to steam the tide of many scams affecting the industry and hopefully can be the start of an industry-wide response to this malady. Aside from the blacklist, what other viable measures the industry has to seriusly adopt in responding to this big challenge?

Topic: The Urgency for Scammer Blacklist (Read 193 times)