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Title: How do we prevent or remove scams and frauds in ICO once and for all Post by: fivefingers on August 05, 2018, 11:50:54 PM My question is exactly as the title of this thread is. What do you think is the best way for the whole crypto market to completely remove fraud ICOs and ensure safety in the market?
Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: o_e_l_e_o on August 06, 2018, 08:28:06 AM Stop being stupid.
The reason that almost every ICO is a scam is because there is no shortage of idiots who are willing to throw their money at them. Despite the fact they are obviously trash, they have crap whitepapers/roadmaps, inexperienced teams, no product, etc. newbies continue to give them millions of dollars worth of money. Until the idiots stop, the scam ICOs will continue. Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: universal3ee on August 06, 2018, 08:36:10 AM My question is exactly as the title of this thread is. What do you think is the best way for the whole crypto market to completely remove fraud ICOs and ensure safety in the market? I does not think there is anything we are able to do to stop all these scams and fraud. Government bodies can set rules and regulations or even go to the extreme of banning it in the country but when there is a making money market scammers will always try means and ways to make some profit out of it. Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: xcbjsuw on August 06, 2018, 08:44:06 AM Maybe there must be regulation for the ICO, so not just anyone can make a fake ICO that ends scam. Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: truemmu on August 23, 2018, 10:30:11 AM Every industry has scams, and ICO has scams without exception. We can't completely stop these scams and frauds, but we can seriously study the white paper/road map of the ICO project before investing to understand his team, products, etc. Improve your ability to recognize, government agencies can make rules, regulate ICO, and minimize investment risks
Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: jhache on August 25, 2018, 11:38:18 AM There is no way to remove all of the scams, the more we remove scams then the more they come up with even more ways to scam people. What we can do though is to educate people to the best of our ability about how they can avoid being scammed. Knowledge is power and if people are armed with it then the scammers will have much less victims.
Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: Tipstar on August 25, 2018, 11:54:17 AM I see regulations from local authority to be the only way to prevent it. Every ICO need to be registered according to the local law and complete prerequisite works before issuing an ICO and should have an independent audit of work and investment. This way investors would feel more secure and the team would be more dedicated towards the success of the project.
Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: reactorjuno on August 25, 2018, 03:33:14 PM My question is exactly as the title of this thread is. What do you think is the best way for the whole crypto market to completely remove fraud ICOs and ensure safety in the market? Don't take my reply personally but the issue with many here is that they got into crypto-currencies hoping to get free money out of air. Laziness does not deserve rewards :) All that time spent reading about airdrops, instead you could have been learning how to better understand cryptos and how they work: why some have a real potential, why some have 99% chances to fail, why some have 99% chances to be a scam, to boost your chances of finding the good one! Altcoins are going through difficult times but there are still coins with a real potential to become big. But some of you (and more and more on Twitter) are listening to some scammers on how to get free tokens that will be worth nothing. Hopefully you will learn your lessons, the earlier the better! :P Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: Nalbo on August 25, 2018, 03:39:17 PM The world is full of frauds even in the real world. When it comes about your hard earned money, you should be really aware of it's safety.
You should personally research about any investment option and be sure you are not risking more than you afford to lose. Title: Re: How do we prevent or remove scams and frauds in ICO once and for all Post by: lifesgood10 on August 25, 2018, 03:43:41 PM My question is exactly as the title of this thread is. What do you think is the best way for the whole crypto market to completely remove fraud ICOs and ensure safety in the market? This is quite impossible because we can never stop people from been stupidly or foolish There are several people in this crypto space and even though they are equipped and educated They end up gambling Maybe we should focus on stoping gambling in the crypto space |