Bitcoin Forum

Ico/ipo/ito/presale in crypto is huge scam.
Why?
SELFBUYS!

The one launching his coin this way can go on exchange and buy his own product.
The effects are: fake volume (fake impression of demand)
AND getting free premine of any size because the one launching it gets the coins he buys from his own ico-shit and the bitcoin back in the end he put in.

So selfbuying your own presale is killing two birds with one stone. One would be stupid not doing it.

Evidence is later zero about this. So there will never be clear evidence it happened.

So my question is why these scams are still allowed? Do you not care about protecting a) the image of the board and crypto and b) the investors ?

I think there is an absolute reason to ban all of that stuff because there is huge possibility of large scale fraud going on on regular basis.

Selling of premines before coinlaunches needs to be banned because it's scammy as fuck. Not hard to do and nobody will cry a tear except the scammers.

Why is it necessary ?  In this forum also the scammers  aren't banned , so why ban the ico /ipo or ito ?

The forum does not moderate potential scams. Doing so would be a de facto endorsement of what is not moderated. It is impossible to be 100% sure that something is not a scam.

according to this defintion btctalk supports scamming.
Necessary because pretty much 100% of these shitshows are scams.



yes, but it is possible in this case to be 100% sure it is one because of the circumstances pointed out in the OP. Not scamming during your own presale is stupid. Everyone would do it.
I am not asking for the mods to make a difference between the coins or to look at each individually. I am asking for rudimentary solution.

Same as posting malware or advertising or personal insults is not allowed should posting of a presale/ipo/ito not be allowed. It is very easy to distinguish what is a presale/ico/ito/ipo  and what not.

[Selling of premines before coinlaunches needs to be banned because it's scammy as fuck. Not hard to do and nobody will cry a tear except the scammers. ]

dude, why do you complain? Are you too stupid to  set up a scam or what? Why complain? Just host an ico!

Scamming with presale is protected activity on the board. Just get it.

Hey if they stopped allowing the IPO scams, etc. we wouldn't have all that great popcorn drama! ;D

bump for end of IPO-scams

We shouldn't ban all these things just because some people use them to scam. People can stop them all by themselves by not participating in them. Banning them wont make them go away and you can never stop stupid people giving their money away.

We should probably ban all trading, then, if we're going to ban ICOs and the like for having a risk of being a scam. Yes, a high proportion turn out to be scams, but here's a professional tip:

Don't invest your money into them.

It's simple. If you don't invest your money into ICOs and the like, you won't lose your money. Unless you get hacked, of course, but that's an entirely different issue.

hilariousandco & diamondcardz have the most sound advice. Do your research, and if it doesn't feel right to you simply don't participate. While I detest the blight of ICO's and premines, an outright ban sets a precedent that is just as bad.

If real ponzi's are not banned and posted in the gambling section, why ban this? In an open market you have to decide for yourself. If you're a fool no amount of prevention or warnings will help you.