Community first needs to understand Bitcointalk is worth search for to get known the newer ICO's and what their white paper plans are.
Aknowledge the owner if truly does what he wants for the ICO's future and if he's capable of.
If you see something fishy just turn your backs onto it and move into next on.
Topic: We should Unit against Scam Project As a Crypto Community?? - page 4. (Read 902 times)
A word unite is very easy to say but is very difficult to do as we have different goals here therefore uniting just to stop those scam projects is a good idea for me. But I am not sure whether other will care about this also as what I have said each and everyone of us have different goals why we are here.
Other will not care about those scam projects as long as they benefit from it and other will not care about those projects as long as they are not part of the investors that were scammed. The only people that will surely unite to your idea are those people who have been scammed and want a clean crypto projects to support on. But you cannot convince all, I am pretty sure of it.
Other will not care about those scam projects as long as they benefit from it and other will not care about those projects as long as they are not part of the investors that were scammed. The only people that will surely unite to your idea are those people who have been scammed and want a clean crypto projects to support on. But you cannot convince all, I am pretty sure of it.
I agree that we should against the scam project, but stopping ICO is not the answer, everyone got the right to create ICO and make a perfect coin based on their criteria, and we dont have any right to stop developers or investors to stop contribute in crypto, we need to find a better solution rather than banning the project
Unfortunately, everyone has different interests in crypto, I mean that our goals are different from them very different. if someone has the same goal why there should be a sell order and for investors I think it will be better if it comes naturally
I particularly like this topic, to be honest, i think some how bitcointalk is gradually turning to be the dumping ground for fake and scam projects, the fighting of scam project should start from the moment those project are about to create an Ann here in forum, there should be some certain criteria set by forum admins which will act as a process of vetting this project owners before they can post an Ann,
Because there are no such criteria it is very easy for scam project to post Ann and lure the innocent to fall victims, the forum is very vulnerable in this aspect, and it is very necessary for something to be done to curtail inflow of scam project in the forum, here is among the biggest if not the biggest btc community around, so there is need for proper redress.
Because there are no such criteria it is very easy for scam project to post Ann and lure the innocent to fall victims, the forum is very vulnerable in this aspect, and it is very necessary for something to be done to curtail inflow of scam project in the forum, here is among the biggest if not the biggest btc community around, so there is need for proper redress.
Manual approval before an ANN thread could be posted would probably do more harm than good. Let the community share their inputs and research about the project. If someone posted about a fake team it usually spread like wild fire same goes with plagiarized whitepaper.
Fighting scams should start from us and report it to the DT members so they can tag the thread start
1) Now as a community we should not encourage ICO'S for time being . As if now there is enough projects funded in crypto space for next 100 years
The cryptocurrency market is too profitable. As long as people are making money, others will join and try to do the same thing, that's just how this market works.2) We need investors who believe in new era of currency . Also needs to attract NEW investors . For that we have to keep Crypto Space Clean.
The cryptosphere has been a complete disaster filled with countless garbage/scam coins for a very long time but that hasn't stopped new investors from jumping into the cryptobandwagon. Sure, a "cleaner" market will attract more people, but as of now, the crypto market isn't actually discouraging people from joining in, otherwise, we wouldn't be seeing all these financial institutions (Fidelity, Bakkt, TD Ameritrade, etc) getting ready to enter the cryptosphere.3) Crypto projects are necessary but we are having enough project for a time being . Community has to understand this . Find a good project already in a place . Support that kind of projects . Which is giving real value to crypto space . Instead of investing in Scam project and getting into trap .
ICOs and new cryptos will stop popping up when people realize there's no money to be made in the crypto market...When's that gonna happen? Probably never, so.... 
I particularly like this topic, to be honest, i think some how bitcointalk is gradually turning to be the dumping ground for fake and scam projects, the fighting of scam project should start from the moment those project are about to create an Ann here in forum, there should be some certain criteria set by forum admins which will act as a process of vetting this project owners before they can post an Ann,
Because there are no such criteria it is very easy for scam project to post Ann and lure the innocent to fall victims, the forum is very vulnerable in this aspect, and it is very necessary for something to be done to curtail inflow of scam project in the forum, here is among the biggest if not the biggest btc community around, so there is need for proper redress.
Because there are no such criteria it is very easy for scam project to post Ann and lure the innocent to fall victims, the forum is very vulnerable in this aspect, and it is very necessary for something to be done to curtail inflow of scam project in the forum, here is among the biggest if not the biggest btc community around, so there is need for proper redress.
We can start by exposing them in their own ANN thread, But this is not an easy feat since it will require time and effort in researching every single project that being posted every hour in the Altcoin section alone. ICO ethics is doing a good job in exposing scammers in the ICO and Masternode industry.
Scam projects are recognized as a scam only after they scam their users.
How can you tell which project is scam and which one is legit from the beginning.
Yeah,I know that ICOs are shit and we should not buy ICO tokens,but you can't tell people what to do with their own money.
How can you tell which project is scam and which one is legit from the beginning.
Yeah,I know that ICOs are shit and we should not buy ICO tokens,but you can't tell people what to do with their own money.
everything is good and dandy as long as we are only talking and there is no "big profit" to be made by the investors. but as soon as there is some hype and pump you can see everyone (including all those who agree here) will rush to join that pump and basically enable scammers to continue their scams!
why do you think ICOs became big in first place? why does the pump and dumps remain popular to this day?....
all of these are because people care more about making money in the market than they care about actually good projects!
why do you think ICOs became big in first place? why does the pump and dumps remain popular to this day?....
all of these are because people care more about making money in the market than they care about actually good projects!
1) Now as a community we should not encourage ICO'S for time being . As if now there is enough projects funded in crypto space for next 100 years
2) We need investors who believe in new era of currency . Also needs to attract NEW investors . For that we have to keep Crypto Space Clean .
3) Crypto projects are necessary but we are having enough project for a time being . Community has to understand this . Find a good project already in a place . Support that kind of projects . Which is giving real value to crypto space . Instead of investing in Scam project and getting into trap .
And this is why there was no big ICOs for a pretty long time and coins of already existing coins are in deep shit. People are not going to invest in crypto related projects as much as they did before. 
I agree that we should look out for scam and inform others about it. I think we are kind of already united in it, though. Bitcointalk has a trust system and a special board that is dedicated to discussions about scam and reputation.
ICOs are in the past already, IMO. People are not as hyped about them anymore. However, I think there is enough scepticism about such projects on the forum already, and it would be wrong to, say, condemn every ICO prior to having suspicions about a specific project.
And yeah, you probably should move this topic to Altcoin discussion. Reaching a wider audience might be not a good enough excuse to post it here.
ICOs are in the past already, IMO. People are not as hyped about them anymore. However, I think there is enough scepticism about such projects on the forum already, and it would be wrong to, say, condemn every ICO prior to having suspicions about a specific project.
And yeah, you probably should move this topic to Altcoin discussion. Reaching a wider audience might be not a good enough excuse to post it here.
And what does this have to do with Bitcoin exactly? Altcoin discussion would have been a better fit for this topic, since you mostly talk about ICOs.
No, we don't need to 'unite' against scam projects. I mean, how would you even do that? You can't make the majority of people do the same thing in cases like this.
Just focus on yourself, stop investing in obvious scam projects, that's already enough IMO.
No, we don't need to 'unite' against scam projects. I mean, how would you even do that? You can't make the majority of people do the same thing in cases like this.
Just focus on yourself, stop investing in obvious scam projects, that's already enough IMO.
Surely we should get unite against scam projects rather I suggest to have some forum like forexpeacearmy in forex where any crypto user can log his complaint and if any ICO or any project declared defaulter it should be published publicly on that forum. I invested money in one of famous project (not revealing name as of now)related to health app whose community is around 80K. First of all they did not credit tokens against my amount into my wallet and then after a long followup they credited the tokens purchased but again all my tokens disappeared and when I asked question on their telegram channel they just blocked me, I am trying to contact their admin but he is not answering. So such cases happens everywhere, we should have some common platform where we can raise our complaint.
I believe each people should inform themselves before investing in anything be it crypto or traditional investment venues. If you are investing blindly you open yourself to unnecessary risks that you can avoid by doing some own research.
It is hard to know when will the ICO is a scam despite of the trust rating from every different ICO rating sites. As for the least scam ICOs, it should have a rating on at least 3 ICO rating sites. As I know they pay a specific amount for the ICO to be posted and rated. It shows a little sincerity that the ICO is willing to invest an amount for their ICO projects, but this is only one factor for its legitimacy. Since sometimes the ICO become scam on the during between the end, so it is really hard for people to identify it regardless on the finding the team legit (yes sometimes the team is legit and even had KYC approved) but once they become greed on the final moments of the ICO they could do on the money they collected anytime. I can't explain more factors but as for the better part, better choose the ICO participated wisely as possible since sometimes the ICO is good-looking at the start but in the end they have a shady schemes that could make the investors suffer.
There are more users who keep themselves focused on identifying the scam projects and reporting to the community. There were threads where the list of identified scam projects were listed. However we get united it is hard to get rid of scams, somewhere through some source we get caught into the traps.
The best thing that we can do against scam Ico is to be smart enough to know about every project's purpose.
We should be keen and observant upon joining an Ico.
Unity could help but awareness should begin within ourselves.
I know your intention but I hope that everyone could have the same thing in mind.
We should be keen and observant upon joining an Ico.
Unity could help but awareness should begin within ourselves.
I know your intention but I hope that everyone could have the same thing in mind.
yes many of investors lost hard earned money in scam projects , many projects with fancy website , whitepaper , and lots of lie
1)i would like to see is self moderated topics opptions should be delelted
2) dont invest until there is product dont belive in same old white paper , roadmap that is only for scamming
1)i would like to see is self moderated topics opptions should be delelted
2) dont invest until there is product dont belive in same old white paper , roadmap that is only for scamming
Team work is what the cryptocurrency community need to minimize scams but despite that scam will always be there and just like it is in the centralized financial system but it can only be reduced, the level of scams is high in the cryptocurrency market due to it decentralized nature and if there are forms of regulations it will help but that can not be achieve now.
Jump to: