Bitcoin Forum

There's a ton of exit scam ICO's within this community. Anytime a crypto enthusiasts tries to speak up, they are usually silenced by the deceptive company. With Tipestry, you can now comment on any page without the fear of being censored. You can also tip users in crypto if you like what a specific user says. I encourage any of you to start speaking up about companies that are scamming users. Companies are STILL scamming users to this day...if you see something suspicious use Tipestry to expose them to the community.

Tipestry -  https://tipestry.com/

Now many ICOs do not believe in investors, it is better not to invest in ICO which has a scammerz but here we must really choose the best rather than be silent.

If you can only see my wallet you can easily tell that the ICO is full of scam, almost 25 coins with no value I just received those coins but the devs run away with the money, not to mention ICO that did not give stakes to their bounty hunters, I can not keep up with the numbers there's just to many of them.

The forum has a certain section for knowing what are the scam projects.
Go and see the Scam accusations board to know most of them.
There are many volunteers who are catching those scam ICOs.
You need to be vigilant before investing or joining a bounty.

I didn't hear any investor got much profits from invested on ICOs so we are really not getting any benefits for the risks we are taking so as you said it is better to avoid those new projects rather than risking and making nothing or lose everything.

I believe there will be always scams and frauds no matter where you live. Centralized or decentralized both are possible for people to get scammed and to lose their valuable assets. But, I think in crypto space we all have been warned to trust nobody, that's why we should be more careful anywhere, anytime.

In the land of anonymity and decentralization we can not do away with these scam ICOs. That's why we need somebform of a regulating body that would control ICOs in the commubity. This way nobody without some sort of certification and approval cannot launch an ICO and steal the money of investors.

In last year we saw huge number of scam and fake icos and that has really damaged the reputation of icos and community has stopped taking these icos seriously because of the threat of being scam that is the only reason filtered projects are now being listed and raising funds on exchanges and are called IEOs.

And what will Tipestry do besides exposing them? We have a Scam accusations board here wherein people can put their accusations with proof and then the community will decide if it is indeed a scummy project. That's why if you are a newbie here, it's better to check that board first before investing. Here is the board, https://bitcointalk.org/index.php?board=83.0.

DT members in the forum work effectively to tag scammers with negative trust, and feedback. Yesterday, the admin stepped in and gave us another feature, that is usually for Guests whom don't log in account to read topics.
From now on, Guests can instantly see Warning if they visit OPs created by scammers.
Guests - Read Warnings on potential scam projects started by Neg Trust Users (https://bitcointalk.org/index.php?topic=5136667.0)
With this helpful feature, I believe less investors will get scammed.

Too many fake projects, they just want to try to find the rest of stupid investors who are having the same dream of being rich from it.
I haven’t heard some one recently really profit much from ICOs. It’s just like a casino.....

The more important question is why should the tokens you hold have any value? Do they need to have value for the system?

Now very many ICO scams. It's better to now not invest in the ICO, but if you already know or can choose a good ico it doesn't matter. I just finished working on a bounty for 37 weeks and it turned out to be a scam, very sad.

There is one thing crypto world has thought me and that's don't ever join ICO that has no reason to be released, the product they trying to offer won't work, if you noticed this just walk away, many bounty hunters are promoting scam projects because of higher rewards. Dyor very well

Scam is present in all spheres, cryptocurrencies are no exception. A thorough analysis of the projects partially helps to cope with scam.

There's always scams where money is involved. It's upto the investors to decide where to invest their money.
ICO's are not that sure profit scheme they were in the early 2017. For any investment to get profit, the business they fund should be profitable.
Startups issuing ICOs can't just make money out of thin air. Only the well planned projects with dedicated team and with a profitable market would yield a profit.

Hard to genuinely identify a scam ICO, okay first things the white paper must be good but its too early if one is written professional but in the end still exited. ICO nowdays are managed differently by third party that handles KYC and other stuff, still i'm not sure whenever the investor funds are es-crowed in case there's exit scam. there should be less clue too as marketing team are always good at managing people. ICO from me is really dying as IEO is taking over the big screen, soon scammer would lose interest and move on to another scam

As a Tipestry user I can say whenever someone does quality comprehensive commenting that could be theoretically exposing things similiar to Bitcointalk I tip them crypto like Dogecoin or a small amount of ETH. So it is definitely helpful. I've made several thousand Doge by posting stuff as well.

Its less a exclusive forum and more of an addition to the browsing experience.
For example:
*browsing the internets cryptoverse*
*stumbles upon new ICO*
*investments pouring in, softcap reached, looking revolutionary*
*presses the tipestry extension button, see's someone commented on the ICOs website*
*its a bunch of evidence that its a total fuckin sham*

"Wow thanks random dude heres a dollar of doge[Suspicious link removed]d chap"

Seem feasible?

But in the sphere of ICO, as far as I'm concerned, there are more scammers than in any other sphere, because scammers now create projects, collect money and hide

I think that all depends on how you determine the ICO project. Some ICO projects that I participated in were successful and of course, I was very happy. ICO fraud is indeed very troubling but does not make me give up on continuing to join the ICO.

There have been many of them for quite a long time now which have scared investors away and that iswhy many have turned to IEO as its better option because of the trust  they believe that it will restore to the blockchain community

Yep. Day by day, more and more scam ICO's have sprung up, and these fraudulent crimes will continue to emerge. Because these scammers always have a way and there are many ways for deceiving investors and us.

Undoubtedly, we must be very cautious before the impostors who still believe that the current investor continues to be as naive as they were previously, when the desire for quick and easy profits caused many fraudsters to earn millions. But I think the business is running out, and fewer and fewer unsuspecting people are still willing to invest their money in those unsustainable schemes.

Indeed there is a lot of scam and crypto even if we talk about ICO or any other sites who try to scam people and run away with people crypto coins, and i think this affect the price somehow, but i wish more and more people do research and not invest on first project they see.

Thank you for exposing such scammers. Unfortunately we will never get rid of scammers in crypto. They will reinvent themselves and evolve to more complicated scams.

Despite. that there is a similar section on this forum, I think that another site that will collect and share information about fraudulent ICO projects will not hurt us. While the activity of the ICO is not regulated, this is very useful information so that we are less deceived by the fraudulent ICO projects. I think that after the ICO will be regulated by the authorized state bodies, the fraud will disappear and the activity of the ICO will regain its popularity.

yes, very many ICOs are scam, it is very difficult to determine whether an ICO is scam or not. sometimes it looks good, ICO has succeeded in reaching hardcap, but finally scam, there is no update about project development.

As what I've observed on the ICO process and regulations that they are conducting is that, almost many of the talented and skilled persons are getting hired to do such task which is considerably fraud. In that case, I can say, they just missed out the opportunity to be productive because they support negative projects rather than legit one's.

And that's the very reason why scammers are succeeding from this point, hiring people who knows how to do the best so the project will be look as legit as it is, knowing scammers or identifying them is a very tough job as many of them just like what you said, they hired experts so investors will not doubt the capabilities and potentials of such ico projects, time to tighten your ways of selecting project to support.

To get rid of the scam, we need to choose only serious projects. Site, product and ideal documents. I am sure that 90% of scammers will not be able to do this. I am strict with all the projects now and I try to get the message only those who have really been able to establish themselves in the market.

but the problem is that its hard to differentiate scams from the legit one's as all of them are seem to be closely simillar to each other   . i think the best and last resort to do is to go and check the scam accuse section of this forum  . there are lots of good users here and most of them are also reputable . they can check the site and they are giving thier own feedbacks  , we can base on those so that we can be aware if what ico is legit and what is not  .

It was expected, after all we all gave away free money to some people without ever really knowing what we would do if they just took the money and leave. Not many of us know those people well neither and some of us don't even know where the ICO was based on so some of them did get their punishment via court but some of them just got away with it which resulted with more and more people scamming in ICO world since they knew there was a chance they would get away with it without having any problems at all.

I really do not think we can stop these scams since they can do it and get away with it but the best way of defense is to research the ICO's very well and react accordingly, IEO's help out a lot in that regard because they do research for you and save you time.

Greediness was just the factor that push so many investors into believing rhe whole ICO madness and now the new trick, projects are using called IEO will even be worst because the assurances of not performing an exit scam is what they're using to promote IEO and many investors don't know we have different type of scam that can still be performed without exit with investors money. This means the moment the IEO hype kicks in fully many investors will still lose funds as greediness again will play a part.