Bitcoin Forum

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

I have read that regulations and laws are being worked out for icos and crypto in most of the countries especially Australia and Europe is actively working on the regulatory framework, after they implement their regulatory framework for crypto i think many more countries will follow.

Unfortunately, nothing can be done about it yet. We should rely on our knowledge and choose projects more carefully. Perhaps the situation will change when countries will adopt laws on ICO, but currently have to try yourself.

It's some unbelievable these projects have advisors, yet they fail. Sometimes, these advisors are fictitious and part of the grand scheme of their scam. The only way to curb scams in ICOs to the investing be awake to the scam projects and also for the industry to be regulated with scammers prosecuted to serve as a deterrent to others.

We are our own regulators. Scammers are in all areas, where it is more, where it is less. We must learn to identify them ourselves. After all, some scams can be revealed even without in-depth study of their project. We must rely only on ourselves.

Setting the regulatory framework has two aspects
The first is negative because it is against the idea of financial freedom originally
The second is positive because it encourages countries to Comprehensive adoption
We need a consensus formula that will satisfy everyone.

Stop supporting ICOs and that will solve the problems for the increase of scams in the market. There will be no more ICO if there's no market for them and we are their market so if we are no longer investing to such ICOs, they will notice the dramatic fall for this market and they might shift to another way of crowdfunding.

Crooks will not run out ever. Since at any historical time. In any even the most secure transactions, there are people who are madly in love with easy money. Who would do anything to get our money. Currently, the cyber crooks are sending spam with malicious links. Friends be careful and take care of your capital.

But it will be so difficult to be implemented as you can see that how so many people are still feeling that, the financial freedom will never match with the regulators. The more regulations will give a lot of guarantee to the investors. but i think it will be fine for ico developers to complete KYC verification.

The more and more power and support investors give to: https://bitcointalk.org/index.php?board=83.0 the better Bitcointalk will become

ICOethics is doing some amazing jobs on this end.

maybe if the law would be more strict, then it would be an effective regulation tool

There types of scammers that can get the blame for fake ICOs

1. Sometimes we have the scammers that can be the team or behind the team is one person or can be the website dedeveloper.

2. Or the website developer can be a victim as well and got the bounty manager who can get the blame for it for the bounty manager can be the victims as well

3. The whole team can be the scammers the developer and the bounty manager.


We can not sometimes stop things that could happen we could only stay safe and gamble with the chances for the ICO can fail or win and can be a scam.

We've been used to being controlled by a certain group that's why we are having difficulty dealing with the new idea of cryptocurrency. In which, they want this to be decentralised. Let's be patient and see how it works.

Scam ICO's is really hard to identify even if we have a thorough research by our own because I experienced not once and I lost all my investment and I have waste my time since I participated its bounty too. I think scam can only be reduced if there are is an crypto agency that will validate all new ICO and they are the one who will handle and check its legitimacy.

Trading crypto is like gambling.
another word, crypto is gambling. Do you like gambling?

Yeah there are so many scam projects nowadays but there are some people or members in this forum who helps to reduce the scams projects, try going into scam and accusations there are multiple or posts that are for scam projects they are very good and very helpful because nowadays you won't know if the project is a scam or not they are very hard to identify, they even use the face of other persons.

Frankly, Someone must stop these fraudulent they don't have to leave these scams projects play in the industry,DAICO may restrict some fraudent and others projects may play role such W12 or ICOVO. 

I believe we can do that in the future. But not with the traditional way, we need to think a blockchain based solution for this. I already have seen a new ICO which is trying to build a platform where scam ICO will mostly be reduced. I think, in near future, there will be some smart move and scam ICO will be totally removed.

I am looking forward to it happening, invite the ICO.
if it is realized then security for ICO will be very good, there will be no more fraud in the name of ICO. hopefully it will be realized soon.

This requires not only the strengthening of supervision by countries, establishment of a regulatory ico department. but also investors need to improve their knowledge of crypto,when investors have certain knowledge of crypto, those scam icos will be more and more seen through by more people.

We need strict regulations and rules for a bunch of ICO's that popping out of nowhere every day I hope they will implement that regulations sooner that may require ICO's to fulfill in order to launch crowdsale for the developments of their blockchain, platform and their tokens, so many scams right now that's why investors are so scared to put money to ICO no wonder why some projects extend their token sale.

i dont think scam can be reduce at this time,,scam will still be  increasing in number,,there are lots project with scam,,,and the funniest part is that most project with scam will be the one to have a good starting point,,but as the project is moving on the you will now realise that it was scam ,,so scam can not be reduce

The regulator is a bad idea, so soon the state will know from whom how much there is a cryptocurrency and tax it all.

I think all ICO founders must get an official paper of the local authorities to confirm their identieties. If they scam now, the police can catch them easily.

We have in every society "the  good, the bad and the ugly". They are inevitable. But we will try as much as possible to reduce bad eggs because they ruin our efforts. I think in my own feeling if a group of honest people can create a strong organisation and partner with Bitcoin Forum to scrutinize ICO's with some basic criteria such as viewing of white papers, the team behind the ICO, are they up to 90% their funding targets etc. Those they see not meeting up to their criteria they are left unprojected. I think if investors acknowledge this site, most scams will reduce to a lowest minimum.

I think the only way to reduce scam is to have a regulatory body that will be in charge of ICOs. Once there are regulatory bodies then our investments are safe because if a project fails then there will be a refund.

First thing in reducing scam is blockchain education, people need more education as to how the ecosystem works. Of a truth, we have the freedom of investing in just any ICO but if people are well informed, the risks of investing in scam will be greatly reduced.

I think reducing scam in the crypto currency or the world is the most difficult stuffs to do
Why ?

Because it is difficult to prevent people from been stupid or naive
It is difficult to monitor people not to take the wrong steps that ends up with been scammed
It is difficult to prevent scam activities if it is not occurring directly to you and I as an individual

The point is
Everyone should dyor and make the proper choices for their self’s

I think the new concept of DAICO will help in bringing sanity to the industry and protect investors interest. As an investor, you will know that any project that is not ready to use the concept should not be trusted with your money

I think the best way to reduce scam is to identify and avoid them ourselves. Since scammers take advantage of people who are easily tricked. Avoiding scam ICOs is just a start in reducing scam ICOs since this ICOs did not benefit from their previous scams they might get tired of trying.

The only solution to the incessant scams in the crypto atmosphere is to introduce regulations and adopt stringent rules regarding emerging project by ensuring they have some serious financial outlay on ground before embarking on any project. This will curb unserious and cunning developers looking to scam people.

Concerning recent situation about crypto currency
The best way to reducing scam is by educating people and urging hen to always take precautionary measures

Then we hope they yield to advice because even when there are regulations and laws
People still fall victims

History has shown us people will choose security over freedom.  They will sit back and allow the government to regulate this thing to death and that will be that.  Not even a whimper from the world population.  So eventually we will need full biometric scans to use crypto (which will be the only allowable currency).  We need to make sure we keep crying about scams and pray the government saves us. 

i know scammers are exist in every business but as a Investor we also have to follow some rules before any Investment in any kind of ICO's firstly we have to completely review the ICO and all its services and talk to its advisor's and all its social activities and follow some platforms like icobench etc.

There are times that scam projevts does decide to use fake identities. They would tell you the names of their advisors, but in the real sense of it, those ones are not aware of the existence of the project. So we really need to look intensively into projects and research on them. We might not be able to totally evade scam projects in the space.

I believe that the new laws in each country can protect us from fraud. many countries have banned ICo but this is not a way out

You can have this one of 2 ways.

#1 You take personal responsibility for yourself and make decisions as best as you can.  You learn form these experiences and tighten up your game.  You recognize people are shitty sometimes and you need to take precautions

#2 You can cry out for the government to protect you.  The government will then regulate things and set up all profits to go to the bankers and government officials (who are former bankers).

Most will choose #2 because they have been breed to choose safety. 

The ico scam project was the main cause for Ethereum's downfall, which showed weaknesses and vulnerabilities in Ethereum's technology. Only if the change can make the ico more attractive

This is a good planning reducing scam implemented it can be for the good of the programs and the assets of members will grown back into higher because of scam is not really too many.Hoping this is corrected as soon as possible in the organizations of the team bitcoin.

Scammers going to jail are the only way to fix fraud or scam. If you really think about it, no one is getting caught that is why scammers are abusing it. They will think that what they were doing is right and will keep on doing it. There should be a process where people who started an ICO will be verified first. Fraud will keep on happening if they don't do something about it.

I think we could not do anything about reducing scam ICOs. But if you are an investor actively participating in an ICO you like. Then better research about the team and advisors.

There is a new system I read about Daico The idea was suggested by Vitalik Buterin in January 2018 and is aimed at making ICO’s more secure by involving investors in the initial project development process I think if this concept is fully developed we will have less fraud ICO and ICO will be lively and profitable again.

I think it would be better to research the team behind an ICO thoroughly before investing. Look out for their back records, success made in their line of business. Their profiles and all. But I do believe a regulatory body is being set up for this purpose of reducing scam ICOs

Forcing investment does not really happens it is up to us on how are we going to handle it though their are fraud. ICO's are really helpful in everyday life because we can gain knowledge at the same time profit in investing on it. The cryptocurrencies is not a problem rather a solution maker.

You can follow the guidelines mentioned in below guide
https://bitcointalk.org/index.php?topic=5004397.0

You can use guideline of below thread to check the images of team member
https://bitcointalk.org/index.php?topic=4586576.0

Invest wisely and keep your investment safe.

As far as I know there's no regulatory body to look at this ICO. But I prefer that country where the project resides should be the one to regulate it not a global body. Individually though, what we can do is try to research more on the projects that we wanted to invest. Might take more time from us, but it will really bring some peace of mind specially if you are willing shell out huge money for a certain projects.

Advisors for me is not a indication that the project might not scam. Those scammers are also money at their disposal. They can pay anyone up-front in the beginning like reviews or even advisors. They are willing to take the risk because they know they can get huge money in return for deceiving people.

Base on what I think it is the participants/investors why? 1. As for the Investors they try to work and see how it works and try there best not to get scam.

1. We all know that scammers scam? Right they do there best to make everything reall and good as much as posible.

2. Scammer scam some people to work to be part of the fake team. So in short it is the scammers fault, but wait...

3. Also participants and investors are the one who gamble to wor, post, endorse and invest to see a win and fail scenario and to if it is not a scam.

There's an opinion that the community will naturally solve this problem sooner or later - investors and traders will be smarter and more experienced, and regulation will be strengthened. Earlier people invested in projects which teams had no links on Linedin, and today most people don't trust projects which have no photos and video.

I think there's nothing we can do about it since ICOs are decentralized, the government cant really do something to stop this. I think proper knowledge is what a person just need to have and a keen mind for him not to be scammed in this crypto currency jungle.

I believe that it is possible to reduce fraud by introducing harsh rules and conditions for all new projects. Accordingly, if you tighten all the rules, the percentage of fraud is reduced.

A solution will still be found sometime. You just think, more and more people will learn about the cryptocurrency, more and more people and companies want to run ico (a real project or a scam). This is an endless cycle. I understand now such a time that people are afraid to invest, and what will happen when people start to be afraid to invest in a bull market?

Can you give me a reference link for that?
Because if that happens then it's great for the future of cryptocurrency that is full of SCAM, this semog is the best solution for the future of cryptocurency.

on this topic it's important to remember that a legitimate project would comply with these KYC-enforcements and such, which means if you're only in it for the money,
one could count it as a "bonus point", while those projects who doesn't comply are far riskier.
even if it's, as you said, against the "crypto idea" in a sense.

ICO's, ITO's and any projects that requires an investment should be regulated. Some sector in the government should regulate these new crypto projects. They should be required to submit some proof of legitimacy with valid ID's and a valid address to their office.

If no one will support the ICOs it will die, and as a result, no more ANNs and Bounties can be found here in the forum, is it what you want? The reason why so many people come here is to find ICO projects or bounties to join to make money. Now, when no one will support these ICOs they will fail, and therefore, participants like you and me since we're supporting them as it's clear in our signature will never receive rewards in terms of token because they don't have funds to pay us.

its because crypto is anonymous so about this problem, we (investors) are truly prone on such scam project. although ICO didnt force us to invest, because we are just wants to earn from their project but they abuse their own project to scam others. so to reduce of being scam, let us other investors review it before we go thru when you dont have any idea about the project, or make your own research about them, because without this you can be get scam again.

Not only do ICO investors lose faith in projects that include airdrop members or bounty holders too. Downtrend market has not seen signs of recovery. Projects continue to delay ICO sales or extend sales. Seriously, investors do not want to invest in new projects with their reasons. For me, I prefer trade or hold coin rather than investing in new ICOs because it implies a lot of risk behind.

If i'm not mistaken, there is news that in some country, they are implementing the regulation on the ICO (*i'm forget where do i got that news), that way will be able to reduce or even remove any possible ICO cause that would be able to be tracked and easier to be proceed for judgement.

By creating a regulation for any project that opening an ICO to gain some funding can be a good way to prevent any scam project. It could be able to protect anyone from being scammed, and the potential of scam project will be minimum.

Actually this problem can be solved by only investing through the legit ICO listing platform. There are some exchanges listing ICO of other companies.
They already verified the company who want to holding ICO through their exchange. And investors won't do their research for long because the ICO being held there is already verified.

Regulating or introducing rules for different projects is a real step towards reducing fraud. But then the income tax will be introduced, which in principle will balance the losses.

I think it doesn't fix the problem and it is not the best way in solving a problem. Let's think another way that may break the problem but allows the system to run normally. I see no strict regulation on the process of a project registration on this forum. I mean every project that wants to make its ANN or Bounty must go through several identification stages, like KYC process. I think it can be a good way to minimize scam projects.

I agree with you.
this way the scams will decrease by themselves, which is my question, is this already there?

Just strong regulations could help to prevent so many scams in ICO.

Before ICO, company must provide all documents. Most helpful solution will be deposit (For example 20% from ICO hardCap, like HardCap 20M - deposit 4M).
I understand it will be really hard, and many won´t be able to collect such an amount. But, it will protect investors somehow..

we agree, and there must be a role in each country to be a regulation that prevents the coming of ico scams, especially those that do not have concepts and products as their mainstay. of course, when this has a big impact, the market situation tends to be red.
we have discussed a lot about this but there is no meeting point that can be the best option.

Advisors aren't the only people that are responsible for those ICO's but the devs itself.

Do your initiative that only support those ICOs that has a legit project and is being backed by a real company. This is just my standard although I'm not really into ICOs but if someone out there and is a fan of ICOs, change your standard and don't support those ICO scams.

We need state regulation of all ICO projects. Each ICO will be an officially registered company with officially registered individuals who will be responsible for their company. I think that only such measures on the part of the state can somehow reduce the number of scams. Only this will help us. Only this will save us.

I think the solution for this is depending on government regulation or our own research. Regulation from many country will prevent scam developer running their operation and they can be ensnared by the law

No matter how paradoxical it may be, but in this case only the introduction of strict regulatory measures in relation to the cryptocurrency turnover will help. And this is contrary to the spirit of freedom and anonymity of crypto. So, either regulation or rejection of ICO.

Though I never favor regulations in general, I believe there need to be some regulations for ICO frauds. The market is expanding exponentially and so are the chances of losing your investments to frauds and scams. I hope we can will be able to figure out something that explicitly affects only frauds and doesn't regulate the market in general.

This is really needed and I'm hoping it happens soon enough. With this, only genuine ICOs will make it to the market place and losses emanating from such investments will be minimal. So, I'm totally in support of regulations

If you have a dissonant, just look at Whiterpaper because there all the same, and I think that you should not trust them.

Simply there is no lever, impact on them, I already wrote, is an open Scam. Here's a look at my post.
https://bitcointalk.org/index.php?topic=3545612.msg36336445#msg36336445

This is not that simple. Many ICOs, if not most of them, do not have evil intentions from the beginning. Developers and managers of the project genuinely believe that the project will be successful during the first stages and when they fail, I think it would be too harsh to put them in jail for that. Investors have brains of their own and they should use them while choosing which ICO to invest in. Nevertheless, it doesn't mean that creators of intentionally fraudulent projects should not be punished. Yet, I would punish them with forbidding them to start the project, rather than with putting them in jail. And to do that we need a good operating regulatory system.

Unfortunately, we will not be able to influence or radically change the situation. It is of course sad. We need to constantly analyze projects to eventually learn to identify the Scam.

It is necessary to develop general rules for conducting ICO projects. Where would there be guarantees for all investors. This would be a great help to government regulation.

Actually mostly strategy  that can avoid such issues is doing research.  Which is very useful especially if you don't have not enough information about the project and etc..  So that's why always bear in mind to make research to reduce scam and to assure your money is very safe.

No one can be blamed if we're get scammed by an ICO because the ICO itself is not forcing us to buy.
The best thing that we can do to reduce scam is jump deeper to the project before we invested in.

i think they should regulate them and punish the scammer ICO-s, it would be a great example to follow

In my opinion, the measures taken by the bounty hunters themselves and the caution of investors reduce the appearance of scam lately!

Actually, it's really hard to detect scam ICO's and I do accept that I had been a victim of fraud ICO's in my past participation. However, I just have to accept that it is really part of the cryptocurrency eco system where scam ICO's really exist and just need to continue looking for another opportunity that sooner or later I could be able to get a legitimate one. In my opinion, to be able to reduce scam ICO's,I do suggest that the forum itself should have the first hand to screen the ICO's posting in this forum and it would be much better to have a thorough and strict compliance such that only legit ICO's can manage to operate and can actively  make postings  in this forum.

I also agree that there should be some body that can determine the projects-fraudsters or not, but for now everything is in our hands and the responsibility for the choice of the project is only ours.

I think what should be done is the moderators should get some kind of guarantee from the projects team of their sincerity before listing them in bitcointalk.org. With this concept any bounty we see on the forum is as good as a real  project . Also  based on experience you can do some research on the project before you can promote them. You can then know whether to go ahead or not.

I ever been as the victim of scam projects. That happens to me a lot. So, I really get disturb and upset actually. Having regulations and laws that working of all about cryptocurrencies, I think it will help to reduce scam. But before that I think we should more careful in choosing projects.

Yes, it's a very important question, in my opinion should be the regulation of the market ICO is precisely the country where the project is based. Below was the official legal address and required documents, and that it's not a Scam but a real business.

As of now one can only rely on careful and thorough personal research and spreading the word of any suspected or known scam.

I think the only way is for people to do proper research and try their best to identify projects which are crap. 90% of the time you can tell a project will fail just by how badly the whitepaper is written.

I'm afraid there's no possibility to reduce scam now. All we can do is to share our experience with the newbies and explain them how to avoid scammers.

They say that in South Korea they want to legalize Ico, unlike other countries where they are simply banned. Maybe this is the right step to solve such problems, but then the income tax will be introduced, whether investors are ready for this. So you need to solve a lot of questions in order to make a final decision.

Exactly! Sometimes people are talking about ICO like they are forced to participate. But in fact what is forcing them is their greed alone and nothing else. If you are promised to have 10,000% profit in short period of time maybe you should know better than to dive in. It's a tricky thing actually because some ICOs have had even higher profits, but not in a short period of time, that's for sure.

Project analysis is one of the things we really need to do, so we should consider carefully before investing in any project, thus minimizing the risk of investing in the project. cheating, poor quality. This will make us lose capital.

Parts of Asia like Singapore and I think Japan had its regulations already which the team has to register to their SEC. I don't know how it worked for them while other country can't work the same way. It will come later on in a year or so. Its working I guess because it will have lesser scam team too.



We'll there are just projects that are just promising good profit and somehow we believe because the team is just too good to portrait they are real.

I think they take more promises from the projects they enter, if indeed they are responsible for their projects, of course fraud will be greatly reduced. But criminals are not that stupid, even though we make the system as good as anything, they will definitely try to find a gap to deceive the public

I think educational programs will help us to solve this problem. Cryptocurrency investors should know how to evaluate startups like it do professionals from venture investments business. Another decision is Kickstarter.

Well here we have to thank the administration of the forum, until a bounty hunter not really studied projects (see good payment and joined the campaign). And after the moderators began to paint trust, bounty hunters began to study the projects more carefully.

scammers have many ways to scam and they learn too so it will be hard to stop them. even when countries regulate ICO scammers can change their ip address and replace it with other ip address and they can hide their identity. maybe if there is someone who would create a project which sole purpose is to analyze anything about ICO. then we could ask and confirm if the ICO is a scam or not. for now researching well can avoid scam projects.

Unfortunately with this crypto world there are only a little ways how to reduce scam. If we want government to regulate it then it would not be realistic in the sense that government is anti-crypto so the only thing that individual could do is research on his own to the fullest to know whether it is scam or not before investing.

I think government regulation should interfere in terms of running an ICO, because this concerns about the investing public and trust of the community, the only problem i see is that this is a universal problem that should tackled by a governing body. The sad truth is still it cannot be controlled by some reasons, for me as an investor or a trader and a bounty trader, we should take a due diligent when dealing with this projects, be more resourceful about the projects, study them, make a research about their project, if this project still a necessity in the existing environment, and take a look on the team involved, in this way we can decide if the best could have a future or not. DYOR is the most important thing.

This is why there is need for regulation , we can't do and survive this scam of a thing if government is not involve in regulation , there should be a body to check all coin real use and also see and have details of the dev for securing reasons to prevent people from being scam and the only way is regulation.

there are some projects which plans to build an ICO rating system for all ICOs and will hold funds collected during ICO. this is to give investors peace of mind that their investments will not be run away easily by the project heads after ICO.  certain conditions must be met by the project heads before they can be given the funds.  also, the ICO rating will give people idea on how certain ICO is legitimate or not.

We can't evaluate BTC according to its market value. There will be fluctuations, but degree of these fluctuations will get small by years. Primary critera for me is whether development continues or not. This shows us the future of BTC and it goes in a proper way.

The best way to reduce scams is to just study! I mean, study the project and do your own diligence before investing in an ico! Or in any project. It is pretty easy to do, and the best thing you could do is to research the team. Who is the team leader? Does he have any experience? Is a the team even public? An anonimo us team is usually a red flag, excluded for this coins that focus on privacy

now when crypto is just having been born it's difficult indeed to affect in any way on scammers. in the futere though i huess there will be some sort of regulation that will control cheating

I believe that in order to prevent fraud in the ICO, it is necessary that the sites that evaluate the ICO bear some responsibility for the placement of scam. In this case, the sites will carefully check the ICO and some scam ICO will simply not see the light of day. IMHO

tjere can be different ways to find put scammers in the whole projects but sometimes this tasm seems to be too hard to solve

not only other peopel but we as well should check icos and ge careful with what we are going to spend our moneyon on righ now

I know that crypto is about anonymity but I think it will be a really useful if developer team of ICO project will be obliged to be known to investors. And if they are not unknown then they are able to be charged for fraud.

How can you punish the advisors if they are also part of the team and will run with those scumbags.

What you really need to do is just make your own research and go to the deepest part that you could. I mean, social media of them and also their life. You will be like a stalker of them just so to keep your money safe.

The thing is, it will be much work to do that and we are getting tired of doing it over and over. Patience.

I hope it will reduce the scams in ICO together with old coins in order the investors not afraid in investment and can having a good earning . The reason why they are away from crypto is because of the issues in scams and having a long run in terms of earning but I believe it can fix this problem as possible.

Something can be done about it it if it is becomes established in the crypto space a regulatory framework through which any ICO that gets through for approval before launch. Honestly at this point in time some regulations need to come into the system,players should start thinking and working towards it. ICO ratings and sites are not just enough

I think the best thing to do in order to reduce scam is to put in place some regulatory measures by the government of countries in the world. If ICOs are registered then scam will reduce.

I think if there's a regulatory authority handling each of the project/ICO so that there will be adequate scrutinized of projects before its become worldwide known, this will probably reduced scam project in my opinion.

In my opinion, only investors can protect themselves from scam ICO. It is necessary to evaluate projects more competently, rather than invest in everything. IMHO

I think regulating ICOs will go a long way into protecting investors from scam projects. While it's necessary that investors should do their research before investing, you can not always perceive scam projects by merely doing that. Many have perfected the act that it takes a lot more to actually find them out.

Now there's nothing you can do about it, but I think it will all remain so, in the near future all countries will already make the rules and taxes and we will know for sure that there are no scammers. Although many are indignant at the expense of taxes, I think this is right for the ICO to be carried out according to the laws that will be invented in the near future and for us it will be a big plus!

That is always the thing. When scammers start seeing that they are not really having an upper hand or they are seeing less gullible people to thread on, the chances of seeing them coming into light would be a thing of the past.

The reasons why scams have been so much on for a while is because, there are so much gullible investors who are just looking to get rich quickly but they are not actually looking at the importance of what they are investing in and why they should be investing in it. There is a huge enlightenment these days and I believe that has really helped a great deal like you said.

That's right, researching about the team is the key to not get scammed. Most of us are not that tech savvy to read the whitepaper and make the right conclusions. But if the key team members have had successful projects in the past, there's a good chances that their new project will be successful as well.

I think that an anonymous team is not only a red flag but absolutely unacceptable, especially for newcomers to the game. Making exceptions is very dangerous in this case because scammers can easily pose themselves as ones.

it would be great to see some accreditation bodies checking on new ico and grade them then post them on the net for people to check.  this way people can check on the ico on the website before investing.  I know there are some projects doing this, but this have not been pushed much for people to know.

Smart contrac are used to reduce scam projects. But people are people. Many of them are using even this tool to trick people. Be careful.

it's very difficult for many people, so scam will exist always in various forms and lazy greedy people will be the victims for them.

The problem is that so many investors do not understand anything in the blockchain technology. If investors had studied the projects in more detail, there would have been less scam icos.

To reduce the number of scammers, it is necessary to increase the average level of education of cryptocurrency users.

They have used various ways to scam investors. Remember there was an ico called able that created smartcontract and then these scammers are erasing all of the social chat and run away with all of investor's money. As far as I know that these guys are from korea and it  looks possible if there was a lot of scammers in these days

Yeah, that's true. It is very important to the investors to have knowledge about the project, so there will not be any scam ICO in the future. But, we can not make people think the same thing just like us, right? Maybe they have their own opinions about that.

Of course that cryptocurrencies should be regulated to protect investors. But cryptocurrencies was created to be free and unregulated, but people are so greedy and they try to do everything to earn quick money (scam ICOs).

Having a regulatory department or whatever you called them can’t solve the problem of scam. Okay, how do you plan to get those money back when they are stolen? There is nothing you can.

A stitch in time saves nine, so you just have to be wise and know what you’re doing, don’t be a fool for anything, avoid every program that seems shady. If you keep on waiting for when they will get a department to be solving problems like this, then you will be wasting your time.

A bit of critical thinking and now 90% of scammers are not quoted. Is that so difficult? I guess not. So why don't people want to take that step? Because they're lazy.

There is no way that can be done to reduce it in addition to a careful attitude to be selective in choosing to avoid scam. any rules I think cannot affect it has to be better. the adviser may be blamed but whether it's the team with the original advisory or not too sure will be difficult.

It is pretty normal, cryptocurrencies are the heaven for fraudsters. Cryptocurrencies and ICOs are not regulated so thats why that it is so easy to scam people. And nobody will now your real identity.

What will bring an end to scam project and fraud is highly sophisticated bitcoin and cryptocurrency investor and knowledgeable and highly skill bounty hunters! Once the stakeholders are equipped, they will be able to starve off scamm project!

i think the ico market needs a regulation, otherwise we will have only scam icos at some point. but unfortunately i do not know how to regulate icos. i think that will not be easy, but it may be the only way to save icos from the scam icos.

actually the most sensible thing to minimize the ico scam is a regulation, however the regulation can only be regulated by a country ... that in my opinion, the problem is that not all countries are friendly with ico

People who are new to the market are always enthusiastic about investing without having to analyze it before making a decision, so they often have to deal with fraudulent ICO and they lose money, then blame. The cryptographic money market is illusory, untrue. That is the main reason the fraudsters are growing.

Everyone wants to earn at least ,the ones we won't be able to control are the newbies ,has far as newbies exist they will be the one promoting fake ICOs due to lack of knowledge and lack of researchs

The best way for us to reduce scams would be to share any of those scams projects that we come across so we can warn people from investing in them. There are no rules or regulations in the market about so we would have to have each others backs in order to starve out the scam icos. That is what I can think of, either that or there has to be some kind of regulation put in place

We are the only people, that are supporting these projects. Without marketing and fundraising help, these projects won't survive on the market. People need to realise that a good investigation helps to identify fraud projects. And just a simple investment in every project won't bring profit.

We do not take measures to reduce fraud, we can only analyze an ICO before joining, so it is better not to choose the potential ico risk. Please analyze in depth, so that you can avoid the scams that are happening in this market.

There is no other way that can be more effective that for ICOs to pass through a regulatory path or for us as investors to be smarter and know how to identify scam projects on our own. Their presence though, enable us to be able to think more.

There are numerous ways that the scams of the coins can be reduced but we have to look at the bigger picture. We can all try our individual efforts to make sure that the scams are reduced but if we want any of that to last then we have to support that regulations are put into the market and that regulations are put on these coins to ensure they are following the correct rules to make good coins

I want to share my experience in telegram channel you should be aware also about fraud admin whos impersonating as admin. always remember Admin in telegram channel doesn't direct message first. you have to direct message them also always crosscheck the identity of any admin you encounter they don't ask for any token to send to their account. hope I can help reducing scam.

Investing in ICO is a kind of roulette.You never know how it's gonna go.Even the most promising projects turn out to be a Scam.

Cryptocurrencies were created to be unregulated, to give everyone the freedom, but as you see, it is not the best idea. Scammers abuse crypto to steal money from crypto investors/users and thats bad, it makes crypto untrustworthy.

There are many scammers where there is money or assets. They also steal money from bank cards. It is necessary to invent protection methods more complex. But there will still be loopholes.

I think that for cryptocurrencies in General, we need some laws that will regulate this issue, and as for ICO, it seems to me that in addition to the laws from the governments, a huge number of scams can be reduced if, for example, the Ethereum platform complicates the requirements for projects wishing to issue tokens on the Ethereum platform.

Regulations for ICOs are needed as now it is a wild west on the market and
investments arevery often scammed and without any consequences.

It would be good if though someone bore responsibility for performance plans of ico and for honesty of the project. But nobody will want to undertake such responsibility. Advisers, can't guarantee it too. Especially as often they are specified as the adviser of the project, but the person knows nothing about this project.

Solving this problem is a big issue because the crypto space is decentralized and unregulated, I think the best way to go about it is by educating more people about ICO and crypto currency market, I believe if more people will know more about crypto space and how to do their due diligence then more people will avoid these scam ICO's

I believe that it is necessary to develop common rules and standards for ICO. This can help reduce the number of cheaters.

We need an independent regulational organization, which will not be connected to any particular county. It would help to slighlty improve the overall situation.

Yes, at the moment there is no punishment for fraudsters in the ICO. Everything is done at your own risk. As a way out of the situation, I liked the idea of ​​V. Buterina ICO 2.0, when the project is given some of the money. And as the road map is implemented, the remaining funds are transferred.

We need regulations to reduce scam. When every person is able to creat own tokens and there is no need to get permision, fight will be lost.

I very much hope that the world can supervise the ICO project because it not only effectively blocks the scam, but also imposes sanctions on the fraudsters!

There is one great way to escape fakes: to use old coins only. I have never heard something bad about BTC or ETH or LTC team. This is the key.

Unless the government promulgates laws or regulates ICO, it cannot reduce scams, but this may violate the cryptocurrency principle. Investors can only be cautious when choosing ICO. Novices should give up their investment in the ICO project.

2018 show for many peoples what dont need to ivest at any new ICO's
And now scams automatically reduces in 2019

advisors and the team should be responsible for. But even also not necessarily their identity it is original. When there is no law that will govern this then the scam will continue to roam freely. and indeed to organize or create legislation, in this case, would be difficult because of the wide scope and constraints of each country would be this.

I don’t see much efficiency in the work of new platforms that work with ICO. At the initial stage, the harm would be all right, and then either the ICO team leaves such a platform, or in most cases, representatives of the platform state that they cannot work with a specific ICO team.
In my opinion, an effective method will be the state regulation of ICO activities. If government agencies identify each member of the ICO team and establish strict rules of conduct, fraud will almost disappear instantly.

Only control and everything and strict conditions for all projects. Suppose you need to make a certain percentage for participation and set conditions, for a certain time to achieve this, there is no closing of the project, that's all.

Sometimes there is only one scammer in team and he revials right before the end of ICO. It means that investors could not know it beforehead.

Agree when an ICO scam is advised and the team will take full responsibility for that. But all the advised and the team are fake and when ICO scam they will also disappear forever with the fake information, It is difficult to catch them

With the recent ICO algorithm, there will be more and more scammers in the market. To protect yourself from these scams is very difficult, but some basic precautions will keep most people safe.

In my opinion, ICO reviews plays a major role on how investors decide if they will invest or not. That being said, they should be responsible on their reviews. If you check it, Scam ICO's are being rated high by reviewers. It feels like they are promoting it without knowing what it reallly is. They're all for the money.

Yes, it's our role as a bounty hunter here in crypto were they only one who decide or review which we're we belong because we know already how it was good promoting of ICO.

Crypto community is huge and since there is not much regulation going on, we as a community have to stick together and point on scamy projects out there. I think project team is one of the most important things we have to focus on in order to prevent scams.

for now there are a lot of ICO scams that are happening, and that is something that worsens crypto conditions, there is not much that can be done except to remain cautious about investments that offer high prices with low insurance rates

We are very much responsible to whatever happens to us in the crypto space. One of the things we should always ensure before investing into any project s to do proper research. Then if you are not satisfied with what you have done, or that you need to confirm, you can then consult others that you know are experts when it comes to investing on ICO. At least try as much as possible to avoid scam.

The best strategy to reduce scam is to ensure we retain the basic rules, that is be careful with freebies and ICO with huge bonus, avoid visiting unsecure site, research about ICO before investing, be patient enough to ascertain the rigth wallet ID to send your token to. Let us build a community that will keep exposing scammers we discover in order to reduce there activities in the space.

I support the opinion that the moderators of the bitcointalk.org forum should only allow to publish proven projects, participants in the companies of generosity choose in which project to take part, but they must receive payments!

To avoid fraudsters do not need to rush to every new project. It is necessary to study it carefully, see the information about the team members in the Internet. Find the maximum possible information about the project and on the basis of its conclusion about investing in the project.

It's also right advisors were responsible. Before they took a pledge from the project, advisor should check everything from whitepaper to admin information.

In my opinion best way for prevent scam projects is teaching investors. Newbier investors dont know anything about projects and they are immediately investing some projects with their money. That is very wrong. We should help these newbies with some telegram groups or with some more effective way. I am always trying to teach something to newbie investors and already i teached too many things to my 15 friends and all they are good investors now with knowledge. Nobody can not regulate decentralised space only we can teach eachother.

Its been a while a good feedback of some ico its done right, for the review of some projects i would say that this time were reduce of scam projects. In aware of encountering those scam project make your own analysis by reviewing and reading their platforms.

It would be cool to create some kind of organization like a Bank that will act as an intermediary between projects and investors. People just say where they want to invest. Bank cheat is not so easy.

yeah so many project scam now, you must becarufull before you investing, always read and do research before investing in some ico.
need some regulation to make some ico are save or not for investor.

Cryptocurrency scam in ICO will reduced itself slowly, you can see by the number of ICOs and the investors now, very few.
The time will tell, the scam and fraud project won't survive because many investors are smarter now, always researching and take due diligence before investing. So, only a good and real ICO will manage to success in the future.

People are smart enough to avoid scam ICOs. The ones, who are not able to see the fakes right in front of the face need to learn more.

I learned in the article that the Swiss state passed a cryto financial regulation law, especially the issue of money laundering, because there were several crypto used for fraud and money laundering. https://traynews.com/blog/swiss-regulator-developed-requirements-ico/

Don't trust these ICO ratings they are part of the scheme, go check the threads on scam sections there are trusted members of this forum that compiles the list of tools and applications you can use to track if the ICO'S you are investing are scam or fake project, they also compile a long list of scam ICO.

It's already been an issue for a couple of years because you know, people will really find ways on how they can surpassed the law. This is why things really happen. The government continue to investigate about how they can solve or track down transaction so that they have at least have some clue to solve such problems.

It's worth a wait if these regulation will be implemented around the world. And this should be adopted by every country and the cryptospace as well in order to limit fraud and SCAM projects for the sake of improved and much more robust technology introduction to the world.

I agree with you that we need regulations to become a legal umbrella for bridges between investors and developers. there are many ico project projects nowadays and almost most have the same idea as ico that has passed. even we are already familiar with scams. maybe the country must take part in becoming a bridge of regulation to tighten ico and must have a strong and official permit.

yeah, i also encounter those we think that a really legit, knowing that their transparency of their project events and announcements, i know its hard to think that there are included with those scammers out there.

Same thoughts also in my mind, how to reduce the ICO frauds and scam. Maybe, the thing we can do now is to educate our friends and or our social media friends that wanted to invest in any ICO, to take further study before investing in it, everybody should be aware of the fact, that the happenings of scam and ICO fraud, oftentimes happens because of the lack of knowledge to a certain project or has been hypes with some friends and or scattered news all over the web. Its our job initially, to educate the community behind us about what is really happening, this forum bitcointalk helps a lot to educate the newbies and investors itself.

We should built a team to check the projects if they are legit. I would say there would be no ICO without any community or professional check. We need to regulate the ICO market because it is not funny anymore, when even second project is a scam.

People are smart enough to avoid fraudulent ICO. Those who can not see directly in the face of counterfeiting, need to learn more.

     We are our own regulatory department. We have to rely on the knowledge and information we hold when choosing an investment project and doing the right research. It is very difficult to imagine an authority to classify ICO projects in good or bad. There should be a kind of KYC for projects when they appear on Bitcointalk, team members being forced to write their real dates.

There is one great way to avoid counterfeits: Only use the old coins. I've never heard anything bad about BTC teams, ETH or LTC. That's the key.

in my opinion the solution to the problem is when the government starts monitoring and descending to ensure that the project is truly trustworthy. at least the regulation will make everything tight. but later only projects that are truly real will exist.

The end of a fraudulent project and fraud can only put the intervention of government regulation and punishment for fraud. After the interested parties have an agreement on cooperation, they will be able to stop the fraudulent project and punish those responsible.

i really doubt that there are some chances for us common people who use this market to reduce scammers you can just avoid them

it is necessary to read whitepapers and other documents as it may protect you but you will not reduce scammimg by this way

scamming is a serious problem and i would even say one of the most serious right now as many people suffering from this lose money

you think that we should find responsible? i guess it's us who are responsible because it is our decisions. it's up to us to investigate what is fraud and what is not, don't you think so?

Not now. But maybe if everything changes and the scope of ICO will be regulated, then it will be possible to find and punish those responsible if they turn out to be fraudsters.

Decentralized cryptocurrency does not imply regulation only in the basic principles of its existence. However, states can fully regulate the order and conditions of cryptocurrency circulation on their territory. Moreover, fraud in the ICO is a crime and the state is obliged to intervene in the process of the ICO, in order to prevent the commission of new crimes. Therefore, the activities of the ICO will be regulated by the states in any case, and many states have already begun to create the appropriate bills.

Do you know the Centra Card? this is one of the best and most popular platforms of its time. They have concepts, roadmaps, and whitepapers which is very clear, even their tokens have been listed in several large exchanges such as binance, but in fact it is a fraudulent project. So I think to determine whether an ICO is scam or not, just looking at the document is not enough.

I don't think the government's furious approach to ICO regulation is the best way to get rid of scams. To implement the search for good projects, it is necessary to create an intermediary organization that will be independent of the government, but will provide arbitration services and protection of ICO investors.

Yes, unclear regulations about Ico make many fraudsters easy to commit fraud. We must be careful, so we don't get trapped easily. In-depth analysis of realistic projects, competent teams, etc. must be maximized. Don't forget to check the sub forum Scam Accusations (https://bitcointalk.org/index.php?board=83.0)  for consideration.

The crypto space is a decentralized network and it will e hard to stop it then some measures can be applied to reduce it by applying regulations which is happening currently though it won't apply for every country.

I guess the people should be more responsible personally, and also, there should be some regulations that will restricts the ICO to just implement their product without further test. In this case, there would be limited ICO in the market but is surely not scam.

I have written an article about here: rICO - an ICO where you can reclaim your ETH? (https://bitcointalk.org/index.php?topic=5079085.0)

It's a new concept of ICO where you can get back your ETH after the ICO was closed if you are not confident in the project anymore. I hope some ICOs will try it, it will reduce scams for sure.  :)

The market is getting worse, and the ICOs are getting less and fewer scam projects as they are no longer as good as 2017. ICO projects are always available, but investors are investing in one. How stupid and uninterested in verifying whether a project exists or not, they look at the promise of profit.

Hi guys!

I would love to connect with your professional network. I hope you are fine.

I'm Michael Zasidkevich, co-founder TOPExperts.io. It's the first transparent rating of experts and projects in the ICO/STO market.

Please give us your feedback about usability TOPExperts - https://app.usabilityhub.com/do/81a697bcc809/936
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Yet there is much that can be done in this regard. ICO scams continue to exist and to be able to avoid or anticipate this is not an easy thing to do. scam keeps popping up and the policy for this does not yet exist. Maybe if the crypto will have become increasingly large naturally there would be regulation in this regard.

i think its very hard to deal with this one - reducing scam, everyday new project are coming out but we cannot determine properly which one is fraud or which one is true.. i think the best term is avoiding them..

Sometimes a team is only one crook, and it restores the game just before the end of the ICO. This means that investors may not be aware of it before.

Reduction of fraud will occur only after a tight regulation of the work of ICO projects begins in the crypto space. First of all, the United States, China and Russia should be involved in this process. This will move the crypto market into a big leap up.

I think that this problem can be solved once and for all only through the creation of relevant legislation within each country, these laws should also comply with the policies of all other countries so that it does not happen that one side has some one position and the second country - have is radically opposite position about this.

It is likely that over time, something in this industry may change. But while the main rule for reducing the risk of fraud and losing money is that we must continue to learn, be attentive to the choice of suitable projects for investment. So we can significantly complicate the lives of fraudsters.

ICO regulation might just stop some of the scammers who are fake developing the project. But what about other normal people who scams through various ways? They need to be stopped, but the only was is to be careful. If you involve an intermediary organization, you are just making the system somewhat centralized. This also causes issue for those who want to stay private. We just need to bring out a better solution.

Well the one thing i know that can be done is that there should be laid down rules and policies to help regulate icos and cross checking every activity they perform to ensure that its original and not to steal peoples money

I don't think that managers are guilty here, among them there are lots of responsible people. But they can't know by 100% that a project is a scam or not.
The developers of the Ethereum wrote somewhere about the fact that they are developing the idea of a new contract. In this contract investors will be able to recover their investments, if a company defaults its obligations.

It's obvious they take their share

The issue of scam icos have actually done a long harm in crippling the good progress we were making before now. Believe me over 50% of the entire investors we had before had to move out especially because of this harm of scam. It's so serious it affected so many people's trust in block chain technology.

Personally, I think a regulation just as it has been suggested before now will go a long way in helping us.

I very much hope that all the same States will introduce regulation in the field of ICO,when the organizers of the ICO will be known to the masses,when fines or even prison will be imposed for non-fulfillment of the road map plans or non-payment to the bounty players. Of course,the number of ICO will decrease tenfold,but they can be included almost(I write almost, because all the same, the organizers can escape) without fear.

I think that only the study of the project can not be completely done, in order for the fraudulent ICO to become less, it is necessary to solve the issue with the regulation of the ICO. Need laws.

I sincerely hope that in 2019 there will be much less fraud than in previous years before

it seems very difficult to be able to delete some scammers they always improvise and they always try new things and find out how to do a scammer against new people in the world of cryptocurrency.

WE are working at regulation for ICO, this will help reduce scam. We can't refuse the fact that scam make market worse, we need actions to kill all scammers and make cryptocurrency market better, we must do this together.

Only ICO can be supervised before it can be achieved. If there are still a lot of scams, bitcoin prices will not rise. Only when the scam reduces the cryptocurrency will take off, so we hate scammers. It is the scammer that has caused the cryptocurrency market to enter a downturn.

Yes the investors of icos actually knows or are meant to know the risks involved in the business deal that lives on speculations only. Security token offerings are in line to replace ICOs.

I think that sooner or later these laws regulating ICO will be created. But I have no idea what they will be.  And not the fact that the ICO will live long.

First of all, we need laws that will force developers to disclose their personal information and register ICO with any legislative body, such as the United States.

So far, there are no ways to protect rights in this direction. I very much hope that in the future the situation will gradually improve. It seems to me that for this you need to place some responsibility on the rating sites that advertise various projects of fraudsters.

Today I again became disillusioned with the projects. Now I will make decisions about further investments in cryptocurrency. Also from the side and hunting. Scammers kill the cryptocurrency market and the prospects for future growth.

they have a flaw in what they do. the election also gives the bad research with poor results as the election of the ICO scam. so it's not just about the only Adviser is to blame, but some other important aspects including myself are also responsible and it is difficult to overcome.

The advisors aren't responsible when the whole team starts to act shadily and hide all their plans of flipping the project.

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These advisors were also hired and instructed to work for their job and reducing the scam, everyone should be responsible in investing to ICOs.

Sadly 90% of ico's today are merely a idea... nothing to implement.. and there's no guarantee theyĺl be successful after sale... they're just hoping investors will buy their shitcoin offering so they can run away with our money... I had my way.. I'll say don't invest in ico's

Such a solution to the issue of fraud among ICO projects will be too long and will not bring the desired results. Not everyone will be able to apply to arbitration, especially since it will be connected with different states and such treatment will be a very expensive pleasure.
Government regulation is the easiest and most effective way to get rid of fraud in the activities of ICO. Moreover, the state must intervene in situations where crimes are committed. This is their direct responsibility.

The less money becomes from investors, the more times they are deceived, the lower their desire to invest in projects, the lower the money becomes in the market. Less money - less scammers.

I also became very scared when there was no follow-up from the law when a group of DEVs committed fraud so they never deterred and continued to commit fraud, who should be responsible?

The cryptocurrency market should become more transparent. It is unacceptable to use anonymous names describing the authors of various start-up projects. In my opinion over time there will be even more opportunities for users to choose between projects and they will prefer the most reliable and proven.

Only legal follow-up can make ICO even better. When ICO is supervised and scammers can't use ICO, the cryptocurrency market will take off again. This is the most free place for investors, but it has been abused by scammers.

It seems to me such laws are not accepted in countries with such a fraud nothing can be done!

No for sure there will be more fraudster on ICO since it is became more easy to attract investors and investors are really trying to get what they lost on this year. Traders and investor should be more careful and more aware on such a project and look for a eligible and legitimate team behind the project. 2019 might be more deceiving than 2018 so let us all be careful to avoid scams.

Maybe ICO will change in the future, and there are ICO that are registered before running, so this would protect the investors.
If it's only optional, there are still developers who will run their ICO even unregistered but we can also see some people investing on it especially if they have a good reputation. We have been more matured now, there are thousands of ICO in the crypto world but we can still choose the legit ones to invest.

Yes there should be some laws against scamming because it is not a good act at all. If government is not doing anything then we should stand for this and never put our money in those projects which has no record. Before investing ask for registration and search about it on Google as well.

I think we should rely more on ourselves. Of course, regulation can significantly reduce the number of fraudulent projects, but in this case you should still think for yourself. We must develop and improve our knowledge in order not to become a victim of fraud. We are our own regulators.

We cannot blame the advisers if a project fail as they are not  part of the core team. Many of them just giving their names for
having some benefit. We need global regulations for ICOs.

I think that soon people will begin to figure it out on their own. They will just need to do a much more thorough analysis of any project in which you are going to take part. In fact, it is absolutely easy to distinguish scam artists from good projects. You just need to make a little effort to study the team and check it.

With many scam ICOs in market, i think regulation from government more needed than before. We know that cryptomarket growing more bigger and this inviting scammer to scam people who not understand about cryptocurrency. If government regulate ICOs, i am believe investor more confident about crypto and scammer will more afraid

I think moving forward, project should show some integrity and employ and deploy best practises. There are many options and tools that could help tackle the menace if scam. The projects themselves could self- regulate, we could use cryptocurrency consensus to regulate project using master node business model to achieve sanity in ICO sphere!

There must be regulations to overcome this, namely by creating a supervisory team whose duty is to oversee the ico team from the beginning of the period to the end of the token launch period to the market exchange. so investors and bounty hunters can feel more comfortable investing and working because they get a guarantee.

What i believe is, if there is really a regulatory department available it should be able to control the possibilities of any scam ICO, with all those regulation should makes everyone think twice before they created any scam ICO, since they will need to do some kind of registration and verification about the project they created.

Research  and a lot of research . Avoid those Twitter giveaway where's those so called free eth and btc are nothing more than scam .watch out for scammer impersonating moderater or CS at telegram!

It would be a good thing to have something on the internet that will filter out ICO's. It is not enough to believe on ICO ratings nowadays, even good rated ICO's can be found out to be misbehaving. Maybe if there would be some regulation first that will limit ICO's, it will give us more opportunity to invest.

Nothing is yet to be done to regulate icos and prevent scam. The only way i feel these ICOs or any project in the crypto space can be regulated, is if the countries in which they are domicile, decide to bring up one form of regulation or the other.

Yes, I think there should be a management department, directly review and check ICOs to remove 100% of bad and deceptive ICOs.

This is indeed very regrettable because real changes to eliminate fraud are still minimal. We must continue our efforts to eradicate fraud which is very detrimental to everyone. Real rules must be made immediately so that they can limit those who have bad intentions.

Yes,you need tp be smart as always and prepare your perception about what happening in crypto,you can prevent scam project just take a research and choose wisely because we cannot force to stop scam project.

The regulations will not provide convenience as you think. You should also investigate STOs and IEOs. They are appropriate for what you are looking for.

STO and IEO are steps to minimize fraud, it's like better than ICO. However, everything does not guarantee a 100% safe investment, the risk will always be behind it so that research is still needed before making a decision.

IEO right now becoming trend and many investor attracted. ICO have bad reputation last year because many scam ICOs and many investor scammed. I think IEO could be an alternative.
But ICO could rise again if government issuing regulation because i am believe with regulation, scam ICOs can reduced

Hope what you say will come true soon. thus will help ico develop better. If there is a legal framework, please let us know

it seems like it won't work. even if regulations are made, the project scam will still be there. they will still look for ways to raise money with them by tricking many people.

we just need to be smarter than them and be more careful so that we are not caught up in the project scam. i think that's all we can do.

The only way is only from yourself. I mean, always check the project, the team behind the project, the whitepaper and anything else about the project and the ICO before you investing your money into a project. Remember, it's your money, so it's better to not blindly invest and trusting random people.

Doing it is not hard, it's a basic things you need to know before investors or entrusting your money to them.
However, it cannot be concluded that they will not scam us, there are ways to prevent scams and it should be with government intervention.
They need to regulate the market as it's really needed now, we can still revive it and investor's confidence will grow.

This is why I believe that luck is needed in crypto investment to succeed ,no matter how knowledgeable you are at choosing projects you will often choose the wrong ones because they will look right in your eye,I personally believe that IEO will fix the problems that ICO is facing

I think regulation from the government is not really a good thing to do. It would already be compromising the essence of the decentralization. I think a probably good way to reduce this kind of scheme on the crypto community is a pledge that the developers of the coin would be liable for the scam that may happen. I think this won't happen but I think this should be since they are the one creating it.

Fraud cannot be completely eradicated to a greater extent due to the human factor of inattention when working on the Internet. Over time, the problem of fraud in the ICO will be resolved through legal mechanisms. In the meantime, unfortunately, we have to take risks, since the fraudster is very inventive.

there must be a legal advisor, and an investment advisor before ico is launched in the market. so, investors will be more confident to invest because ico has a stronger fence.

ICO different with decentralized cryptocurrency like bitcoin. ICO crowdfunding is a way to find money to fund the project and i think thats need government regulation. Most ICOs is utility token and centralized project and i think regulation needed to avoid scam

Initial Exchange offerings are now making waves as a good (not the best) substitute to ICO. A more transparent and innovative third party or verifier kyc system will be a great addition. Take for example the Kyc system from blockchain application. You can't upload files,  you can only take live pictures. This kind will help identify each project member and hold them responsible in scam or failure cases

do all successful projects use that? there must be a regulation that binds all ico where before they are released to the market they must pass all the conditions given. each country must make this rule, if it wants investment in the crypto market to be safe.

First of all, it is the mistake of an investor if they are getting scammed on the platform that they are putting their money into. In that case, blaming the project is not bad at all but the point here is that, why would you be scammed if you are doing your best in order to maximize your profit at the same time, making a safe move in the market? I am not saying that taking risk taking was to be avoided in the first place.

Not all, actually only few have good teams, the ICO has to improved, otherwise scams will continue to happen.
The scam is the only problem that make this market look bad, we cannot eliminate them but with proper regulation we can reduce the scams.
IEO is new but it's effective and it drives the investors to get in the market again, one of the reason why the price is rising now.

Every crypto enthusiast, bounty hunters and even investors hope that ico scams get rid out of the forum and even in the crypto industry, they don't help pwople anymore rather than scamming and getting time, hardworks, and efforts of every crypto enthusiast and as well as the money ob investors. I hope someday there would be no ico scam.

I believe since we have IEO now the scam rate will surely reduce and there is a high possibility that ICO is slowly fade away from crypto world,moreover many investors are going after IEO now

It is very cool that there is such a place on the forum where you can really collect scam projects, but the most important thing is that today you cannot search for these projects and their developers. If there was a service that would collect data about the developers of the project and collect them in a chain of blocks.

Strict regulations must be made with the aim of reducing fraud or even eliminating fraud. Indeed, there is no compulsion for us to invest, but whatever fraud is a very bad thing. We have been careful but sometimes we still experience loss. So regulations must be made and the ICO Team must pass KYC.

Yes right, the team must pass KYC and also have a big money guarantee, if they don't have capital, the project is better canceled, because the project's goal should be long-term, not just collects money from ICO or IEO.

The cruse of the matter is that: We need the government to have an approved body to bring out regulating laws to get rid of scam ICOs and IEOs. Investors need to be protected from all these fake teams and useless set of fraudsters masquerading as blockchain and crypto expert but end up swindling the public fund which has made ICO become unattractive.

Regulations have nothing can do to support and maintain the orderliness and progress of projects in the market. In fact, they will just going to be a limiting factor in an entry of best projects. In addition, thinking about how to reduce scam is about, thinking about how we can help ourselves to be secure and protected against it. Let's start first with the small unit.

Everyone who have participated in promoting of a scam project is responsible for it. The team members are the main threat and they should be written down in a separate thread to protect another investors from taking part in such projects.

And you do not participate. If the project is all well with the documents. Even if the team members have passed the identity verification procedure. But alas, they decided to deceive everyone. And why should you respond when such projects are 90%

There's a very serious problem here. The logic of cryptocurrencies was uncovered to be completely decentralized. (I know there are others in the opposite case) Now that there is a legal intervention, this decentralized structure may be corrupted. However, it is a fact that even legal regulations can limit this order to some extent. Bad people can always find a way the create SCAM!

Exactly true. Scammers are everywhere even without crypto. And now, they see big potential here in crypto because they can launch their scam projects anonymously, without legal ties to anyone. And if you are an investor, small or big time one, you have the sole responsibility to your investments. No one else is to blame if you lost your money. That's the way it is.

The shortcomings of majority of the ICOs in recent time really warrant regulations. Some of this scams are well orchestrated to the extent it is almost impossible for one to suspect. Velix ID for example has really caught my attention, this is a project that claim to make hardcap yet no exchange listing after months. Crypto needs regulations for it to ever gain mass adoption

I think the scam can only be reduced if people will research more and more before investing on something, but this will take time, but always better inform first and only after invest if is a good project.

It won't be easy though but something could be done to reduce it intensity. Scam projects are evolving each and every single day and SEC could help with many. Investors are now scared of the system and if drastic measures aren't taken things might get worst.

The first step towards this will be enacting regulations and laws as to the operations of the blockchain industry. It has been abused beyond control leading to several scams and atrocities perpetuated all in the name of floating crypto projects. If this is done and done right, then we will have eradicated over 75% of the problems currently bedevilling the industry.

We all hope that over time the number of fraudsters on the ICO market will decrease significantly. After all, this will restore investor confidence, attract a lot of money and ensure the development of the industry. But while I do not see which tools will allow us to effectively regulate the market, so investors themselves must be smarter, you need to carefully select the appropriate ICO.

In my opinion, if there is no any way to reduce the Scam projects in cryptocurrency. With the increasing popularization of the number of scams will increase.

maybe the way to decrease scam in cryptocurrency market by reducing projects.more projects appear more scam potency will occur in this market.maybe we need standardization if new projects developted.

The more popular in the world of cryptocurrency, the more scam projects will only increase. The flow of people who want to get-rich-quick will not stop. Summer is coming soon, and then there will be more projects than now. Countermeasures should be at the legislative level. If fraudsters are punished at the legislative level, then perhaps this will stop the desire to create scam projects.
Meanwhile, everyone who wants to become an investor must think many times and carefully analyze the project in which he intends to invest

Luckily, we have the solution. STO and IEO are born to stop scammers. Only good and practical projects can be supported by exchanges and licensed from government agencies.
To avoid scams, people should invest in STO or IEO projects. Please avoid ICO because it only contains scammers.

%90 of crypto projects are scam, %90 of crypto teams just making twits, and %90 of that projects are useless even if they have products, i saw lots of project made their promises but no body use that because no body need that :D so even they make their product that doesnt mean that coın wıll fly :D people dont need a new coın to rent e car for example, if they want to rent a car wıth crypto they just make ıt wıth btc or any other known currencıes, not an unknownd new potentıal scam coın :D

if many projects that appear are my good projects we have no problems. but most of what is happening now is that many ico are carelessly coming and deceiving many people.
I think a lot or at least the project is not a reason. may need more stringent regulations in making a new blockchain based project.

I believe that it is getting much better, because I do not hear a lot about recent projects that turned scam. I think that IEOs have recovered things and it is now much more difficult for scammers to trick not only investors, but exchanges as well.

I think use escrow is good for this kind of ICO, the recommended escrow one obviously. It's hard to reduce scam actually on ICO because we never know if that person want to scam the ICO or not. So just invest to a project that have a good team member behind the project.

We have discussed this topic time without number, as for now there is nobody regulating ICO and that is why scammers number is increasing everyday in crypto. My advice for everyone in the business just have to be careful when investing in ICO.

Its quite unfortunate that nothing can be done about this present situation or challenge we have in the aspect of scam and scammers but i do suggest a quick and easiest way is to ensure we look out for projects with prospect and prestige so we dont not become preys to scammers and their deciet

Regulating ICO might be the solution to reduce scam which I think the US SEC ought to have done by now when they make statement about it but there must a tangible reason why they choose not to implement it again and I believed the disadvantage of the regulation is what make them withheld it as at now.

Before I participate in any ICO or bounty, I got to read more about that particular project or ICO. There has been a lot of scam projects I have participated in and it is my worry when I realise it at the end. Read more about projects before u start participating in them.

Reducing scam is in our hand,if there is no one to invest on those project they will eventually fade over months or years.But these days scam getting increase which literally means that people are ready to invest on any project which causes scammers to target cryptos.

Well, everyone wants to make their own coins and be popular, even though their functions are too forced. New investors, will be provoked by their excessive promotions, and that is the end.

In order to reduce crypto related scam and save the money of its people, every countries should come forward with regulations to check any companies issuing an ICO within their jurisdiction are doing as they had stated and only allow them to issue an ICO when at least 25% of their initial funding and development had been made by the team or private investors.

Strict regulation when there are still many ICO Scams that have surfaced, I think regulation must be increased again so that quality ICO can dominate.

There is nothing that can solve this scam issues presently as far as investors still choose ICOs to invest in, many are moving to STO and IEO and I don't blame them, investors are tired of ICO scam games

In order to reduce the amount of fraud in ICO projects, we will still need government regulation of this type of activity. Such regulation does not necessarily mean violation of the principle of decentralization or other principles of the existence of a decentralized cryptocurrency. We are talking about organizational regulation: checking the ICO team, determining the rights and obligations of participants in this type of activity, protecting the rights of investors, and so on. These measures can, if not completely remove fraud from ICO projects, then reduce it substantially.

In my opinion, the best feature of blockchain based economies and this crypto market is it allows people to stay anonymous. That is why this ecosystem is really very open to any kind of scams and frauds. We should be aware of the risks of this ecosytem and try to protect ourselves individually. there is no any regulation that can protect people not to be scammed.

There are some laws and regulations  that is implemented to protect the security of the investors from fraudulent scams. But for me the ICOS and other community should raise a group o organization which helps and strengthen tha laws and regulations implement; since internet is a very wide subject which cannot be easily regulated by the small once.

It's too difficult for the entire community to eliminate fraudulent ICOS projects. Because very similar projects even Bounty hunters are tricked into wasting time on projects. There is KYC verification for ICOS projects and developers.

Yes it is high time to discourage and eliminate scammers from the market. They are scammers who are damaging the glory of cryptocurrency, thus distracting investors or even institutional investors. We all should unite against this frauds. Crypto experts and rating agencies should also stop giving good rate to fake projects. Likewise, regulations should also take in place. 

IEO is the solution for scam ICO. With IEO, investors can participate in the token sale with ease.
The exchange who hold the IEO has doing research and due diligence abut the project before IEO start.

Did you take a look at IEOs on small exchanges? IEO is not any major development, those who are successful are inspired by Binance. If all sales will be in Binance I agree with you, but the majority only look at their earnings and the rest is none of their business. Probably some regulations made by big powers can protect us.

Agreed, a regulatory framework is necessary to bring sanity to ICO and blockchain. The issues will be does the regulatory body have jurisdiction over all crypto projects or those domiciled in some particular countries. This for me is the major issue. Some projects claim UAE and on telegram, claim Estonia. So which is which . How do we make them stick to their words not just some rehearsed project without product

Its hard to believe but if things are not regulated scam will continue to rock crypto project. Having ones a ponzi scheme investor, I can tell you vividly that a lot of admin behind many hyip are now entering ICO too. Creating website with intention of scamming people.

I think that only self-cleaning of the market will help here. As you can see, already very few projects collect at least some funds. At the same time, the technology of the IEO started to develop, in which the exchange is responsible for the quality of projects with its reputation ... Perhaps this is the solution to the problem. It also proves that in most spheres regulators are not needed, everything can work by itself.

Unfortunately there are way to many scammers and we surely cannot eliminate all of them from the market. But what we should try is at least reduce the number of them so that the others will get discouraged and disappear. Scammers are everywhere and they will always exist, you eliminate one and then another one appears.

KYC verification reduces scams risk a little bit. Advisors responsibility? How do you imagine this?
Advisors are just those guys that help the project with... their advice, lol :) They don't care much about the results :)

The solution is self-regulation by the community, no state regulation, this goes against the purpose of this technology.

You are right that more and more ICOs everyday are becoming fraud and scam. We cannot eliminate those kind of ICOs in crypto but there ways to minimize them. First is we have to regulate it. There should be a governing body that will check all the information submitted by the developer regarding their ICO. It should be clear and transparent. Also, as an investor, try to invest in an ICO with already existing working product because it has more potential to succeed.

Regulation could be that big help but it is not enough to stop them. It is our participation and awareness who could finally bash them out and not letting them spread. They have that very attractive rewards for promoters which could catch attention for investors and for bounty hunters. They'll have that strategies to catch their victims, that is why we should spend to research and find out what is behind this project before investing.

Scammers do have many ways to enter the market and commit fraud, every day a scam project appears that tries to trick investors,
if this is allowed then this will be detrimental to investors, regulation seems to be needed to reduce the project scam

Reducing scam is a daunting task but not impossible and it should be ideally spearheaded by the cryptocommunity. Yes, we as crypto enthusiasts should do our best in weeding out scam projects by doing research on that particular project, ask relevant questions to team members including the technical aspects and every details of it as possible, observe team's responses and judge whether they are competent enough or just mere cons. Ultimately, red flags and other negative signs will come out if it turned out to be a scam project and we should act accordingly based on our perception of that project.

Several months down the line and IEOs have solved the fraud issues, however investors still loose money at the exchange after buying from the IEO successful participants and I wonder how we can curtail this very problem to barest minimum

I think that ingda is very difficult to determine whether the project is fraud or not. Without the help of regulators, I think it will be very difficult to defeat fraud in the world of cryptocurrency.

Reducing scam is very hard to achieve but if everyone of reports all suspicious or fraudulent activities related to this we can lessen the numbers of scam. It is great since we can assure ourselves that our money are free from this type of threat in cryptocurrency.

I think its time that ico needs to be regulated.  The rate of ico scam these days its getting out of hand. With a good regulatory body that will monitor and control the activities of ico so as to minimize the rate of scam

Maybe we shall wait the board to finally decide and approved the propose SEC regulations, and this will be the time that we can stop scam project into at ZERO level. For this time, as a member of the crypto community, only we could help is to give awareness about scam project and hold investors to not get involve with.

I think that IEO solves the problem of ICO .The idea of IEO makes investing great again in cryptocurrency.

Last year, investing in crypto was shit. Bearish market, ICO scams are everywhere. But, with IEO you can invest your money in a legitimate project. But of course be sure to know the project as well.

Indeed, we are not forced to invest in ICO projects. This also makes many people look angry or disappointed because there are many fraudulent projects. Regulations that may already exist so far are not enough to make fraud disappear. But all decisions also depend on us to be more careful.

Yup, and also we investors should be aware in every scam ICO projects not to be involved and stay away from every of this scams untill SEC approved that every ICO need to be regulated

I guess, since a lot of investor have an account here in bitcointalkforum why we should do regulation and standard before getting to advertise here. The team here shouldnt give freedom here to post about their project,  they must do kyc or anything that secure that they will no run away from the bounty and investor. Have enough legal papers, something like that

I agree. One thing that could surely reduce or discourage scam activities is to apply the full force of the law whether internationally or locally. In this way, it will make the perpetrators think twice because such activities are tantamount to fraud involving millions and millions of dollars and its high time that Governments should take necessary actions to protect the welfare of all investors.

Scams will always be there if people keep falling into their traps. With the increase in EIOs the number of scams will fall as investors switch to ones that are verified by exchanges and will actually list their coins. This is better than ICOs which may of may not get listed

In addition to the vigilance of each cryptoinvestor, it would be nice if the organizers, owners, guarantors provided their comprehensive data for the community. Something like KYC for developers. In this case, no one would support scammers.

It will be very interesting if a certain legal basis is created in the crypto market to protect investors. But this is unlikely to happen in the near future. Therefore, investors themselves need to be more attentive and smarter, because they risk their money. You must be especially careful about the choice of projects for investment.

The fact that it is very difficult  to delete some scammers they always find an improvise way and they always try different method or things and find out how to scam again a new people in the crypto world. It is better way to prevent a scam if we are going to be picky of the actions that we are performing.

when KYC became one of the solutions to prevent many participants who were considered robots, they could not be trusted. maybe regulation can be one solution to prevent many ICOs from being scam. By requiring a kind of permit or certificate of eligibility to hold an ICO, it might be able to suppress the number of ICOs that are scam. this will also be an advantage for ICO organizers, that is, the project will gain the level of trust from potential investors.

it's not easy to reduce fraud in this digital world, they always grow and won't stop doing that. but we as users can only avoid that bad thing and no more than that, fully I don't really know the laws that apply in this forum for fraudsters ico.

It is very difficult to reduce scam in the crypto world, but if it can be reduced it would create  a safe environment for everyone. These scammers are on the look out for the slightest opportunity to scam people of their hard earned money. A regulation will always be needed to reduce the rate at which investors and majority are scammed.

I bought Bitcoins in September 2018 through EITExchange and the funds were guaranteed by an Insurance Guarantee document, I received daily phone calls from Ben Waltman, received daily reports which reflected on the trading platform. The funds were "invested into the platform for 12 weeks, when I tried cashing out my Bitcoins only to find out EitExchange had many issues and told me that I could only get my funds on the 20th of April 2019, only to find out that the company does not exist anymore all contact numbers, email addresses and Skype addresses were deactivated after 10 months of daily contact, this is clearly another Bitcoin Scam company. Is there any Cryptocurrancy Protection Body that can assist me to recover my funds?

in my opinion there is no way to deal with this even though if possible one way is to make a crowdfunding institution in the crypto scope but that covers all countries so every time an ico might have to go through their permission, but unfortunately that is impossible because some of the crypto regulations are still lacking clear and crypto crowdfunding is very promising which is why scammers don't stop

There used to be a good landmark, on the famous ambassador in the world, but as practice has shown, this does not always work :)

They have blockchain forensics and cyber security teams like Ciphertrace that work with exchanges to help reduce this. Binance just partnered with them

Why invent something not typical of the cryptocurrency market.
Now the IEO is held on the exchanges - this is a great way to collect investments with new projects. IEO has already strongly pressed ICO from the cryptocurrency market.
Many promising projects are queuing up at the exchanges in order to conduct an IEO on their platforms. Here are just bounty hunters from this will only get worse.

It is understandable the strategic moves by the biggest exchanges for protecting their reputation and customer funds. Binance is losing on IEO war on last days and they should do something.

Obviously there is no compulsion to invest in the existing ICO, therefore accurate analysis is what we have to do so that we do not enter the ICO who have problems, but it is indeed very difficult to find everything but don't worry because in this forum too many people active in assessing a project so that it can become our handle.

This forum provides complete information about ICO. even ICO scams can be detected from the beginning of the ICO published in this forum. I really appreciate everyone involved in reducing scammers and fraudsters. they provide information for free.

Global regulations would be preferable on ICOs to reduce scam projects.
Advisers can not be responsible for scam projects as they do not  control the team, they are just advising them.

It is not so easy to reduce scam. With a growing amount of IEOs people stop analyzing projects and sometimes even metrics, so they just invest blindly. Even exchanges don't provide due diligence

I've seen so many famous people who advertise money in this crypto. Even they did scam. I think you should get some luck. Even if it was a real project, the ICO might not be able to catch the price. While investing, I think we should examine the project in detail. Currently, some stock exchanges are doing ICO. But even this is not a solution. It's supposed to be a control mechanism.

A lot of investors have fall victim of these scam project and that is the more reason why adequate and sufficient information should be extracted to make the best investment decision. And why majority of investors are scammed is majorly because they easily fall for cheap and attractive project without prospects.

it is not easy to reduce scams, most ICO projects have the potential to scam, perhaps with regulations that guarantee the security of investors from fraud can reduce scams, but to realize this is not easy because there are pros and cons, to reduce scams now better analysis and selectivity in choosing ICO

I do think regulation can reducing scam ICOs. Without regulation, government can not punish scam developers team and with regulation, ICOs investor more protected. Bitcoin could be decentralized and can not regulated but the market should be regulated to avoid from scam

We are all hoping for that regulation to intervene in the space, we've seen the effect of no regulated space, lots of spammers here and it affect the reputation of the entire crypto market. This is not good and it will be a big hindrance to attract investors, we need regulation to grow and prosper.

Agree that now is the time to make strict regulations, if there is no regulation, crypto will last a maximum of 5 years from now, cases of scam, hacking and so on are time to stop.

Cryptocurrency does not imply interference in the basics of its functioning, however, the determination of its official status in society, the determination of the order and conditions of its circulation in the state, is quite acceptable and necessary. The state should thus legalize cryptocurrency so that it can further develop in society and be used more as a means of payment.
We can overcome fraud in ICO projects only by regulating this type of activity.

We are not unable to reduce fraud in the ICO and leave it decentralized. You just need to take all the risks when you are invested in an ICO.

Thats why we must do a precautionary measures before we consider to enter or invest in crypto-currency bandwagon specially ICO's since we dont know if those people who implemented the iCO are honest or truthful about the project they want to build using the peoples money. just select from reliable one with a transparent background to minimized the risk of being scam.

Only if there could be laws and regulations in the entire crypto space to check the veracity of the project developers and provide some level of security to investors, but I do not see that coming very soon. Cryptocurrency has already been made to provide some level of anonymity to holders and to a greater extent being decentralized, it may be difficult to checkmate this. However, until such is possible, one have to be very careful and do all the necessary researches and due diligence before getting in.

In the near future, the crypto industry is waiting for a lot of changes associated with the control of crypto projects and crypto users. it Susano with the advent of the industry of capital from Wall Street.

I can say to reduce scams in the forum especially ico and the bounty is new but the scams should be done by moderators will first check the new ico project and bounty or just first fill up the form the pointer share their project or bounty on top ranks in the forum before their project is postponed or posted to the forum to determine whether the new projects are legit or not on the forum is that many scammers and even bounty hunters are It's a scam project because they do not know the ico and bounty look if legit or scam so it's a great help to research new projects first to avoid scams.

We cannot control on scamming it's reason is lack of knowledge. So we should be getting much more knowledge about  any project & controls disclose our secret to reduce scamming. I think it's mistake ourselves.

we still cannot overcome this problem.
and as long as this business is profitable as long as the scammer is always there
this is a fact
and I think we will really need a true regulation that can prevent scammers acting up. some countries that legalize crypto must participate in this matter

With many scam of ICO project you have left and try for investing your money in altcoin have listed with many greatest exchange market, why not invest your money in ethereum or bitcoin cash?

Indeed there is no compulsion for us to invest in the ICO project. But the ICO project certainly requires investors and with funds collected to develop the company. Especially if the project can succeed it will also provide benefits to investors. But with a lot of fraud going on and a lot of investor money gone. This also affected many failed ICO projects. So if we still want to invest, of course, we must be careful in determining the ICO project.

In my opinion the easiest thing to reduce scam is to immediately make and implement regulations, without regulation then everyone is free to make projects and free money that is prone to being used to scam.

At the moment, of course, a lot of people create various companies to collect money through the cryptocurrency sphere and then disappear with the same money, but lately it seems to me that these fraudsters have become a little less, maybe I am wrong, we need to wait for 2020 and maybe in 2020 governments will begin to regulate cryptocurrency.

to reduce the risk of a project scam, it requires the ability of an investor to analyze the project they will follow. because when an investor gets smarter then it will be able to reduce the risk of more projects ending in a scam. the smarter an investor is, the more comfortable everything will be. when more and more investors are smart, it will automatically hinder the spread of more and more scam projects.

to be able to reduce fraud of course we all have to be smart, good synergy between Bounty Manager, Bounty Hunter, ICO analyst and all people who have the ability to analyze an ICO project so that if you do an ICO project we will not be fooled and what they do will be worthless

Like how? Regulation in this bitcointalk forum or the government side? In my opinion regulation can be one of the way to reducing the scam of ICO. Maybe like, add a rules for people who want open their ICO in this forum like pay some amount of satoshi or verification indentity before open their ICO.

Well, scammers are every where in any aspect of business whether in online or in network marketing or ponzi scheme.
I think we can reduce it if we know how to avoid them, because if We do not know how to avoid them for sure majority of the people
will become a victim by the scammers, but if We just know how to escape with them, I am 100% sure We can able to reduce the victim
by them.

Previously, everyone wanted the project to be listed and they could sell their coins. Now all ieo is happening on any exchanges, but even this, not to say that the project is not Scam. Access to the exchange does not give any guarantees.

Not a guarantee but a good assurance that it will be added to the sponsor exchange, its better than to wait that's why a lots of investors chooses this way of investment than ICO's, they are tired of waiting for the coin to be listed after several extensions and failures coming from the team, though there's no assurance that it will not scam people in the way of exiting after the listing.

In my opinion, there is no special difference if you do not have time to sell your tokens or coins on the first candle, which will then cost 0.1 of the ICO price, or these coins will lie in your wallet dead weight.

Accurate analysis never guarantees a scam, I always analyze in detail before ICO invest and still get a scam, the best thing is that money is held by Escrow so that if there is a problem we are not scammed.

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In regulatory issues and problem we have nothing choice but to accept the fact that this is a long period of time process. But if we talk fraud and scam problem I think all of prevention to avoid all of this is in our move or actions. Make your every bitcoin transactions and privatekeys or password always private and never tell to other people to avoid scam and fraud.

Right avoid getting in new projects and avoid fraudsters before getting in any project try to read it with care and know each and every miner thing related to the project, gather information about the team involved and search about it on internet, it will be much better if the advisers read and check information about projects from whitepaper and report the scammers to admin’s.

In my opinion to reduce scam ICOs, maybe there should be regulations governing these ICO projects, and indeed every day there are always scam projects, and forum members can also provide information about ICO projects that are likely to be scams, crypto enthusiat must always communicate with each other about many ICO projects so that the crypto enthusiast is not trapped in the ICO scam project.

Deception is very disturbing for everyone. I strongly agree if the rules are more stringent. Fraudsters can move freely because there are no rules that can pressure them. So that until now I have worked in this crypto world to be more vigilant. And everything I do of course has to go through checking.

I think this regulation is very difficult because seeing how the bitcoin price movements are very difficult to be stable and the price of bitcoin can also fall instantly so regulation is very difficult to set in various countries.

It's not difficult because the government has the power and they can control with their sets of regulation.
People will just follow, because of not we might face the punishment, violation of the law is a crime and no traders or investors would want to violate the law.

This is a difficult thing because at the moment the majority of the government is making a limit and they are still conducting comparative studies on the application of crypto in the official financial system of a country. Regulations like this usually will wait a long time, especially a government definitely will not take a big risk. As we know that crypto prices always experience rapid changes, this is what can create economic chaos when it cannot be controlled.

It is very difficult to reduce the scam, because there are a lot of people who want to steal you money through the fraud and lie.

This issue is a permanent one in this forum. But it's been a great amount of time and is a very effective tool against the scum - it's IEO. About the profitability of this project I do not know anything but I know exactly what IEO at the moment there is no scam.

IEO is really the solution, it does not eliminate scam but we can reduce or minimize it.
Lately, I've not seen more people complaining about scams because they don't trust the ICO anymore, instead they invest in IEO.
Hopefully more and more people will learn and mature that ICO lack of control and therefore riskier compared to IEO.

IEO sales are more reliable but they keep showing worse and worse results. Profit is insignificant and it often doesn't even cover losses of exchange token price decrease.

Reducing scam? Once and foremost you must need to find some secured wallet to avoid those scamming activities of the scammers and to ask some legit and secured wallet in order to avoid them. For now I am trusting on one good wallet the darb (https://darbfinance.com/?=crowd) finance in which this wallet is a very secured wallet in order you can trust because this wallet offers many features in which you can also start some trading to gain some money and good profit, I trust this wallet because once you've earned enough profit you can already withdraw it without any problem or hassle.  In this wallet and trading platform you will not encounter the problem in withdrawing and depositing your money. So try this darb wallet in order to reduce the scam you may get.

ICOs are almost dead right now, there is very low number of investors in ICO compared on 2017. People learn from this mistakes that some of the projects they investing are money-grab projects that they will stop their development once they acquired the funds in ICO. I think the best idea to reduce scam is to invest in STO but be careful to pick the "real STO" because some others projects launches STO without license.

Only indicating that scumbags are also learning how to work with IEO'S so we need to be more cautious and only use those good exchange who offer this deal, be very careful and make a good review first before dealing with this business, scammers are always around and they also keeping themselves updated on how to trick people.

At this time people must be aware and avoid such as scam project that they have been joined and lot of people already learned that lot of ico at this time getting scammed.

Michelle,

I am in the very same position as you with the Ben Waltman thing and Original Crypto.

I started a conversation with a company called Mayzaua Financial and might get some headway.

I you would like to compare notes please mail me

We csn reduce scam if we dont promote their projects and dont invest in their projects, that is one of the best thing tondo to lessened the scam in cryptocurrency and we wilm only invest in good projects like Dencoin tokens because this project is legit and we can make investments in this project because it offers good altcoin to hold in the future.

I believe that's why many are crying out for crypto regulations, I believe it will help and safe many from those scamming projects ,the freedom in crypto space is what's actually making it looks like criminals den

I think we can reduce scam by not participating in the scam project. That's quite difficult to find out though but with efforts, we will.

When ICO were launched there was not much of a scam and everyone thought it would be a smooth sailing until the shit storm of scams started appearing when the price of bitcoin started moving higher, the irony is that majority of the projects that collected money never fulfilled what they started and majority has moved away from the project and that will be the case with IEO too, initial we will think that everything is smooth and clear but then the shit storm of scams start to appear.

When we are planning to join in some ICO or some token sales. We must verify fist the existence of the team and its advisers if they were legit or not. Because if not, we are just wasting some resources on that project.

BE PART OF THE SOLUTION. This is the only way I can help the community. ICO encounters many trials and problems and we must help the community by doing the right thing instead of creating a problem too. Helping people is very good but we need to teach them also to be responsible enough for their actions.

For now there are no global moderators for ICO which regulates those who scams people. Only the investors are responsible for their loss. Since cryptocurrency is decentralize, there's no need for us to assign entities to regulate it. All we need to do is share the link of the site in the forum and inform our co-users to not invest in this. It will really help but one has to suffer experiencing the scam.

In investing for ico, we need to be vigilant and observant for every projects that we oath to support.. Its better to do our own research first if the project is really worth for.... Look for the team background and the platform itself..if it is realistic to happen... And of course invest what your afford to lose..

No regulation, they are free to scam, nobody after them and they are growing and continue to scam investors, the only way to solve this problem is for investors to find another platform, and they did find some, like the IEO, investors should leave ICO totally, no use investing in ICO's anymore.

I think the best way to reduce scam projects is to regulate it. Its like forming a cryptocurrency commission of regulation wherein they evaluate projects and ICOs before it goes live to the public. In that way, only projects and ICOs that passed the standards are on the market. Surely it has a huge potential to be successful.

Awareness is the key to reduce scam projects. We have to review it very well so in this case we are able to help lessen the said problem. As the market goes higher their is also a chance that scammers are also growing, so to avoid this we have to take actions too like studying te project before investing and check every details of the project because scammers are good at tricking people. Here I can suggest a very good project which really promiting and giving each investor a quality investments. This is the dencoin tokens you should try amd trust.

Every nation should draft a strong regulation base on what is happening right now as i believe that current regulation is not enough to prevent scam in which many illegal people can still find a weak spot like the KYC process in which people can submit fake identifications and unrealistic photos. Regulations that the government will strictly monitored every registered ICO activities to ensure that the projects really exist.

Agree, government should take a part in this cryptomarket because many people right now invest in market. With government regulation, investment from investor more protected and with law, scammers must be afraid. I think its hard to pass KYC with fake ID because most project use third party for KYC verification

The best way to reduce scam project in the cryptomarket ofcourse we have to review it first so that we can avoid it. Because todays marketplace are already arising, we expect that scammers are also everywhere to trick people and steal their investment. So here I can suggest amd leave a very good project which really promising and give every investor a means of quality investments. So here is the dencoin tokens you must participate in.

Reducing scam is possible if we know how to look at scam projects and scam fundraising and we can determine where to invest like Dencoin tokens that can actually give us a good profits in the future if we invest and hold this alts and this project is legit and proven.

So far this is the best way to avoid scams. Moreover, each party also benefits from the existence of this IEO. Exchange gets more customers who register in the exchange and it will be better if the exchange has its own coin and the project team will also be easier in terms of marketing and selling their coins.

We can't avoid the scammers from the market but we can definitely reduce it from growing, ofcourse by checking the project if its really a legitimate project to invest with. Secondly, you can determine it also on how was the projects goals to be deliver into many investors. If in this this you fail to do, expect that either that project is a fraud. So the answer with this problem to be solve was be good at studying tje project, only trust a projext that is fully grown in the market. A project which is very promising and a project that makes a lot of good possibilities to offer into many investors like the Dencoin tokens.

It's only possible for people who have enough knowledge in crypto or investing in crypto, but for newbie with lack of knowledge, that would be too risky to them. The government regulation is a more effective tool that could reduce the scams in the crypto world, and we need them for the market to grow.

I am agree. Scammers are always everywhere including cryptocurrency market. About ICOs, right now IEOs getting more trend for new project to raise the funds, if not sure to join in ICO better join IEO from big exchangers.

The best way to reduce ICO/IEO scam is .... not participating  ;D
right now, with so many scams and failures, the risk of investing on ICO is so great that it is almost nonsense...
Why not choose a project with a product, already on exchange, and that doesn't ask you for money in advance? plenty of those out there

Currently to minimize fraudulent projects calling for capital or fake projects created. Many people choose IEO as a safe investment, through IEO, investors know for sure that exchanges have verified the project. The IEO also benefits the development team by attracting more investors than expected.

The IEO is also not safe for now because there are many exchanges that hold IEOs without researching the project first, many IEO projects fail and many are scam, so we must remain cautious

In 2019, I noticed a much smaller number of traders in the crypto market. I think that this figure is 60%.

There should be a regulated way of raising fund for new projects instead of one alien just coming out and announcing token sales and at the end failing investors and swindling the fund. Too many hungry teams without vision selling tokens to raise fund for their major personal gain. We need some registered regulated platforms to help in seed funding.

how did you notice this? do you have any relevant research on this, and is the reason that people are hodling crypto, or they stay away from the market?

I think the only measure to reduce scam is regulation of new blockchain startups. Once they are regulated by authority of each country then investors can sleep with their two eyes closed. Investors will feel safe to invest in any project once regulatory measures are in place.

all this does not have to do a research because in reality it is indeed crypto like this. for now there are many crypto scams that have happened now. but such a scam project is difficult to overcome. the problem is that until now many people have fallen into the wrong crypto world

Scam and insecurity are some of the many issues retarding crypto from going mainstream. I believe in order to reduce scam, one has to be security conscious and also remove greed. Stop patronizing ICOs which promise very high gains even when the team and product are questionable. Do not take part in crypto HYIP and other related scams, in a bit to gain fast money. Be patient, do not use new exchanges which haven't got reputation, do not click strange links promising free coins and so on.

It's quite unfortunate that most individuals will take such a wrong step by scamming others. Nevertheless, in my own opinion I think the best way to reduce scam is taking time to study most projects especially the ones that are over hyped.
Also, these scams were rampant during the era of ICOs, but have now been reduced as investors are now focused on IEOs. Also, I think IEOs should be properly managed so as to ensure the bad eggs don't get involved.

Today in ICO there are already less scammers. Most likely due to the fact that such projects are no longer able to raise large amounts of money - few investors participate in the ICO.

The regulation will only reduce the count of projects and scammers will always find ways for attracting new victims. So I doubt that the governments have the ability to fight with the scam. Only knowledge and education can solve this problem.

The truth be say nothing really can done about this for now until regulation becomes adopted. What can be done for now is individual intelligence in choosing a project to work on as a bounty hunter or a project to invest in as an investor. Its no big deal, but it requires hard work, effort and thorough research in selecting the right project for your field.

this is a big problem if there are many people who get a scam, the current skills for researching on each project are indeed very important and very necessary so that they are not always exposed to scams. any regulations that are applied at least have disadvantages that can be used by scammers

Can you provide us some link about this article? I think we need to monitor its development since we are hoping that everything will change after the regulation. I feel that this is a high time to really regulate bounties so everyone will be protected and everyone will know what to do. I know that regulation means less income but it is better than no income at all because of the scammers.

What is your basis on your statement? I believe regulation will make the market profitable as it will attract investors to risk their money again.

I think to reduce the ico project that needs to be done is.
1. Crypto Regulations
2. Auditing Smart contracts
3. Implementation of KYC for Large investors
and the rest we as users must choose in choosing projects, not easy to believe before researching the contents of their entire project. I am a beginner who is not an expert in choosing projects but knows little about how to avoid projects that are not clear.

I also believe whatever bad is going on in the good crypto market, be it scamming or hacking, regulations may help. And it is high time controlling such hacking and scamming to retain the good image of cryptocurrency. Many people may think regulations will affect the market. Yes it will affect, but only for short term. In the long run, it will help.

Yes, I also agree that fraud in ICO projects can be defeated only by the regulation of such projects by the states. Other methods of dealing with fraud in these ICO projects have proven to be ineffective. After the start of such regulation, these projects can again regain their former popularity and I hope that this will happen soon.

From it's positive points of views, regulations will help those who are not interested with this industry due to some obstacle that interfere for them to
invest their money, with regulations they will be attracted since hacking and scamming will be lessen in such manner, in the long process newbies will
step in and start trying to make something from this market.

Crypto is growing on daily basis and the main way to makes it work is getting outdated with lot of scam project has the greedy in human will always come out from them but I prefer the regulatory board from every country which will standardized the technology for real use.

I think crypto is growing on daily basis. As a result, more people are also joining cryptocurrency day in day out. Mind you these people here may be scammers so its important to take note and be careful in whatever thing you do.

I think the thing that needs to be done is to make more stringent regulations so that ICO makers are more afraid if they try to make ICO a scam, it is true that no one forces people to invest, but please note that the crypto world reputation will be destroyed in the eyes of the world if a lot of scammers are still free from fraud here. people will be more takun to invest.

I am agree, if more scammers in crypto market, people who want to invest must be afraid. Regulation from government about ICOs is needed because its like investment market and cryptomarket value always growing bigger and this is need government protection

If we encounter some projects that we can see that it is scam. For sure they have a bitcointalk account, so we can red trust that project in order for them not to get more victims.