Topic: why do many bounty projects provide fraud? (Read 323 times)
I think these scams is one of the disadvantages of decentralization. Holding people accountable where anonymity prevails is difficult. People have got aways with various kinds of scam without any trace. So people are now selling scams boldly, knowing fully well that they can get away with it.
This is indeed the case in most of the market this year, but as a bounty hunter, we have no way to sanction these fraudsters, which makes me disappointed with the bounty mission!
Earning from bounty campaigns is becoming increasingly difficult. An example is also the ubiatarplay project. The promises are often disregarded by the ico.
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
I also feel what you feel, I join some bounties after the distribution of coin prices in the price list of coin exchange unlike when ico, the price dropped from when ico $ 0.35 ,when the exchange list 0.0002 ... $, but I still optimistic and keep learning and now I am looking for a good gift by looking at ico rating and bounty manager
I joined bounty campaign also and I observed that there are lots of fraud project.I experienced also joining a project at first the flow of project is smooth but at the end the manager suddenly runaway and said that why he/she will pay the bounty hunters as if they are useful to the project.The investors also havent received payment because the manager said that the project failed because of the bounty members.It is clearly that they just dont want to pay everyone.So right now after experiencing those situation I always give time to make some good research before joining ICO project because fraud project are keep on increasing nowadays.
Many of the bounties we have nowadays are scam. It will amaze you that 80% scam have been recorded so far in the year 2018. There is often no way to go after this masterminds because they concealed their true identity all through and this is possible mainly because cryptocurrency is not regulated.
Many bounty campaigns ask their bounty hunters for KYC. They do it only after the work is done. Sometimes projects use people for months on end with no mention of KYC as all, then all of a sudden they ask for KYC at the very end after the work is done. The reason they do this is that they know a large percentage of people will not give their KYC and rightfully so.
This is stealing. They wait dor months to go by and wait till you earn hundreds of dollars, then they ask KYC and save thousands of dollars while getting free work. If KYC was such an issue then why did they not asl for it at the beginning of the ico? Another thing is many projects have faceless members noone knows. Many times I have asked if the projects team had taken KYC and was ignored. Why should we give KYC to someone who won't take KYC themselves?
This is stealing. They wait dor months to go by and wait till you earn hundreds of dollars, then they ask KYC and save thousands of dollars while getting free work. If KYC was such an issue then why did they not asl for it at the beginning of the ico? Another thing is many projects have faceless members noone knows. Many times I have asked if the projects team had taken KYC and was ignored. Why should we give KYC to someone who won't take KYC themselves?
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
Crypto is a new technology and many people are not yet familiar with the risks in investing on any ICO's or even in any coins. Since they think that it's easy money flowing in this technology, then people will come in and invest without doing a research. This is the reason why many developers will create new token to scam those newbies investor and make a scam exit. It's difficult to combat those scammers, the only way you can avoid them is to educate yourself if you want to invest in this technology.
At the initial stage it is very difficult to recognize SCAM.
For example, some ISO projects can fake photos of team members.
When we choosing ISO we should carefully check everything, especially the website, the roadmap and previous projects of the team.
For example, some ISO projects can fake photos of team members.
When we choosing ISO we should carefully check everything, especially the website, the roadmap and previous projects of the team.
The industry allows scammers to get away from a responsibility. That's why we are representing a completely different type of people that should take responsibility on themselves, we don't have any protection. The only person that can protect you from fraud is yourself.
For the purpose of releasing the ICO to scam, the failure to pay for each campaign is inevitable. I also lost their jone print time, so they could not do anything.
There are many ways to cheat, cheat, sell, cheat the community ...
new projects that use ICO have a direct impact on Investors and local authorities. Many good projects are ultimately successful and profitable but on the other hand there are many projects of fraud and deception.
This phenomenon occurs a lot in 2017. There are many forms of fraud. I think you should learn very carefully when joining any campaign
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
there is always a direct relation between the project itself and its ICO. If the project is genuine, then also bounty is genuine. If project is scam then you can't expect they would care for bounty.
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
yes must have experienced and get a project that leads to fraud and I do not get anything from what we do, for me it is an experience for the future that we are more clever and meticulous in choosing a bounty project
In bitcoin we need to become risk taker here. It's all about trust. Without trust you cant get any longer here
You need to step back. It's all because of this frauding, too many investors are losing hope in bitcoin. They shall catch this fraud people.
You need to step back. It's all because of this frauding, too many investors are losing hope in bitcoin. They shall catch this fraud people.
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
for me as a new member here in Bitcoin forum I'll just take advantage what I have doing right now joining in any bounty campaign just hoping to have a reward after a several months but I don't blame any bounties if I experienced Fraud. I set my mind to be "Charge to Experienced" if gonna be happen to me, but until now I don't experienced like that.
There are so many project without product,focus and without a good concept ,some of them comes you with good project but with fake identities through the profile on there social media they are all unreal, that is why one need to be very careful about what ICO you putting in your money.
I think quite some project are raised just to rip people off of their money. Unfortunately no one knows which is scam or not until after it happens. This is why some project or bounty campaigns fail. if a system is set up that will scrutinize upcoming projects and verify their genuineness, this will really help the crypto space. I think this is part of what the SEC is trying to do.
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
Because there is no regulation about this so there are so many people are taking advantages to use this to trick and scam many people. May if there is a law about this and those ico will go through a legal action before project will released it will lessin the case about this fraud.
Bounty projects are not to be relied on until token distribution has hit your wallet and the projects get enlisted on exchange where you can trade the coins. Only few bounties pay their participants and even after payments will fail to enlist the tokens which will make it worthless.
do you feel what I feel?
Yeah I know what you feel as last year most of the ICO's held are into success unlike today, few are excelling.But today most of the ICO's doesn't have any prospect or clear goal for what they are fighting for.
By the way, this is not a bitcoin discussion topic.
I also feel like with what you feel, I also experience like that and token distribution is often delayed and not even sent, and I can only protest in bounty telegram.
Scamming bounty is not tragedy you loose only your time, accept it how risk of this directions.
After some scam bounties all hunters start's little searching about project - this makes community better
After some scam bounties all hunters start's little searching about project - this makes community better
yes, I think this is a risk in ICO world. I have experienced 5 ICO scams, and many more ICO scam and ponzi. and of course, the biggest losses are the investors.
this is a risk if the crypto world does not get the laws of the world, even many ICOs carry the SEC name. while SEC does not support ICO scam. eventually many victims.
The SEC also warned all investors to be cautious when choosing a place to invest.
this is a risk if the crypto world does not get the laws of the world, even many ICOs carry the SEC name. while SEC does not support ICO scam. eventually many victims.
The SEC also warned all investors to be cautious when choosing a place to invest.
they can get easy money and they can also easily get away with it. you see they have the formula and all they they is change the input and they can get different result so they can create different scam ICOs. well if you look in the internet why people commit fraud you will understand why.
so true. which must be done how to make us all not be fooled by those who are not responsible. I hope we all be careful in following this work. including in conducting transactions on the current project.
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
That was the one of the main problem in this community for now. The increasing numbers of scammers are still here and maybe they continuously do scamming to others. I think this problems need to give much attention so there will going to do or make some actions or solutions to this because mostly people here can be suffer and affected from that so how can we implement the cleanliness and beautifying this community if those scammers won't stop doing foolish things.
for those who understand mistakes will not do stupid things. but for those who do not understand the mistakes of course they will make a loss for us all. those who have done foolish acts will certainly run away from responsibility.
they can get easy money and they can also easily get away with it. you see they have the formula and all they they is change the input and they can get different result so they can create different scam ICOs. well if you look in the internet why people commit fraud you will understand why.
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
That was the one of the main problem in this community for now. The increasing numbers of scammers are still here and maybe they continuously do scamming to others. I think this problems need to give much attention so there will going to do or make some actions or solutions to this because mostly people here can be suffer and affected from that so how can we implement the cleanliness and beautifying this community if those scammers won't stop doing foolish things.
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
That was the one of the main problem in this community for now. The increasing numbers of scammers are still here and maybe they continuously do scamming to others. I think this problems need to give much attention so there will going to do or make some actions or solutions to this because mostly people here can be suffer and affected from that so how can we implement the cleanliness and beautifying this community if those scammers won't stop doing foolish things.
Because some of them have taken advantage of the credibility of the programs for their personal purposes as well as influencing others, I think they would not last long as well as they would. go prestige
This is the typical fraud in bounty some of them behave same way defrauding the forum members the reward for their effort. What you can do is to note the manager and go to their white paper and also identify the team members and note them down. When next you want to work for any project check out for those individual and if any of them is part of the project just walk away.
I agree with your answer. but they continue to do the work of the members. members work until the project is completed. how do you think if the project is already doing a lot of transactions. and investors have made transactions on bounty projects.
The crypto world is really big. It's going so fast that it's really hard to follow.
New projects are collecting coins by distributing coins. Many of them are exploding. When investing in projects, examine whitepapers well. Search the editors. Research project managers.
As a popular project, do not invest immediately. Be careful.
New projects are collecting coins by distributing coins. Many of them are exploding. When investing in projects, examine whitepapers well. Search the editors. Research project managers.
As a popular project, do not invest immediately. Be careful.
Because they use the term blockchain with it, providing anonymity and because they can easily get away with it. There are no means to protect oneself aside from reading the whitepaper, checking their website, Telegram, Bitcointalk announcement, and other details. When others invest in ICO, those are the things to check if you're going to invest your time in bounty programs. So for me, I don't just do a single bounty to even out the playing field if in case I stumble upon a fraud bounty.
from some sources I found. and I can draw conclusions
1. Bitcoin Sales and Purchase Fraud between one person and another
2. Bitcoin fraud is committed by a particular group or community
the unknown and clearly known they usually have different specialist tasks in performing bitcoin fraud tasks both online and offline in the real and virtual world.
3. The fraudulent mode of buying and selling bitcoins at online stores or store stores but these errors occur due to the negligence of the person or yourself.
there are more friends
1. Bitcoin Sales and Purchase Fraud between one person and another
2. Bitcoin fraud is committed by a particular group or community
the unknown and clearly known they usually have different specialist tasks in performing bitcoin fraud tasks both online and offline in the real and virtual world.
3. The fraudulent mode of buying and selling bitcoins at online stores or store stores but these errors occur due to the negligence of the person or yourself.
there are more friends
I also yesterday join a project where the mangaer of a project is to cut the bounty we earn but I do not comment more about it because in my mind just follow it that determines everything about hadia it must be manager so I can only surrender, hopefully fore no manager cheats.
This is the typical fraud in bounty some of them behave same way defrauding the forum members the reward for their effort. What you can do is to note the manager and go to their white paper and also identify the team members and note them down. When next you want to work for any project check out for those individual and if any of them is part of the project just walk away.
in the year 2017 is also a lot of friends scam. And almost all members here will never feel the deception especially when the initial prize. so as a friend to learn, in the future prefer projects that are roughly potentially. projects beyond cryptocurrency are of course many scams, and once again become more active in seeing opportunities.
A lot of bounties, ICOs, and coins/tokens in general are simply scams/fraud simply because they can get away with it easily, taking advantage of most cryptocurrency's pseudo-anonymous characteristic. Scams are really to be expected in the cryptocurrency space, and unfortunately it definitely won't be stopping any soon. The only thing to do to protect yourself is to educate yourself.
I think the present gift project is unlike in 2017, in terms of distribution, trust, and worse yet the project gift manager escapes the responsibility / disappears. do you feel what I feel? for the masters here, what to do if I experience it? especially for me who is new in bounty world! thanks.
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