Bitcoin Forum

I think we need FRAUD LISTING thread on Bitcointalk forum to fight scammers and bounty hunters need to come together as ONE ,they are the ones Help PROMOTING all this fake projects ,they should be able to warn each other when a fake/scam project get launched on the forum and get the scam project banned off the forum ,we should all remember that the more fake projects are been launched of this forum right under our noses the more cryptocurrency will keep looking bad and NEWBIES are the victims most times ,we investors and bounty hunters have the power to make BITCOINTALK FORUM BETTER.

UPDATE!

As a NEWBIE I never knew we have a scam accusation thread on here ,so newbies like me and for those who doesn't know please let's keep the thread alive ,I believe this will safe many newbies from falling victims
https://bitcointalk.org/index.php?board=83.0

We already have scam accusation where most of the fake ICO projects will get exposed so check that section if you wwnt to find the frauds.No need to create a thread for it.

Its mercy not messy. :D

IIRC, theres already one on Service Discussion altcoins, you just need to dig it up and make that thread alive and updated.

;D

Such sections exist on the forum, but this does not solve the problem of deceived investors and bounty hunters. The solution to the problem is not progressing, there is a discussion of scammers, but no more than that.

But it can stop people from investing on those projects if they watch that section on time.So as investors they need to do enough research before investing their hard earned money because its their responsibility.

Do you have suggestions on how to practically eradicate scamer projects? because it's true that these scamers have reduced trust in crypto

The idea is good on paper but it's easier said than done especially that investors/hunters have different opinions whether a project is a scam or not. You'll always see someone who will defend a accused of being a scam to protect their own interest.

In our time, the investor will think a thousand times before investing and he will not pay attention to the project which is a fraud, but you need to deal with such actions and periodically visit the thread on the forum about fraud in projects. For example, here is the link: https://bitcointalk.org/index.php?topic=4701035.0

My opinion is every dev should go through some security process before allowing them to post on here for bounty hunters to promote ,its because nothing is holding them back that's why they are so free,there is no law and where there is no law we all know what will happen

This is an issue that has been repeatedly revealed as an idea. But the definition of SCAM changes according to the individual. If it were already officially SCAM, we would call it fraud. Even if such ideas are in good faith, it is very difficult to get results.

The only way to stop scammers is to educate people/investors to learn how to find who is a cheater and who is genuine. This unfortunately involves lot of researchs and many skills which not every users has out there.
For this reason there are many sections of this forums where you can check if someone is marked as scammer or potential fraudster:

https://bitcointalk.org/index.php?board=83.0 -> SCAM ACCUSATIONS

https://bitcointalk.org/index.php?board=227.0 -> INVESTIGATIONS

https://bitcointalk.org/index.php?board=129.0 -> REPUTATION THREAD

There are many scams in bounty activities, and bounty hunters are also victims of scams. I believe that no hunter deliberately helps the fraudster.

You're right. The problem of fraud is quite relevant. At first, everyone silently swallowed deception, now they have begun to raise this topic. But there is nothing further to say. Fraud scares potential investors, thereby worsening the picture of the cryptographic market.

I think there are already something like that here that are being used to locate and know if the account is a scammer or something that cannot be trusted, but then again still those scammers can use another account.

I support the scam sections and those people who are active on that sections if you are serious bounty hunters it is very important that you checked that section so you can find out if the project that you want to invest in or promote are there.

Scammers will never go out from this crypto world. They always present the interesting thing and project that ensure us as the investors and bounty hunters to be involved or participate in. Well, many people are mad of this messy thing. No one can mercy this scammer. However, what can we do> We may be able to minimize the risk of scammed by doing the deep analysis and being more careful. However, it doesn't mean that we can avoid them 100%. Because they are also very smart.
Well, no mercy about scammers

I think it nothing help to the investors or the bounty hunter, this scammer using the fake team, fake project, when they know this is the scam project, this launch the new one and you didn't know who is the scammer, so I have not to invest any ICO now!

Around 80% of ICOs last year were scams that have now dissolved, with further regulation and potential investors furtherment of education - less and less people are being caught up, but they still are - if you see and can advise then do help others before they end up in peril. Whatever projects or wherever we are from - we are all in this together and it does not take much to help others..

So far i have seen a lot of experts have created a lot of awareness thread about that but it seems there were some bounty hunters blindly following and promoting for fast money. This must be fixed.
But the difficult thing is how to do that when they don't care about our awareness. Look at ETCV thread and it can be a good example.

Even if you list them as a scam project, they won't do anything to prove legitimacy but the scam team will just create another fake project. Seems confusing, huh?

No matter how much you try to post the scam projects, some people who do not create time to do extensive research will still fall victim.
I think in addition to the scam session that has been created on the forum, to expose some of these scammers, everyone should take it upon him or herself to ensure that he searches for every information available, just to ensure that his fund is safe.

SEC was suppose to be doing this but they can't just get to work on it, online jurisdiction must be very difficult for them. As for now its going to be in our hands to make all these happen. There are scam busters in the scam and reputation of this forum, glad they know how to scan which team is only getting their photos somewhere.

I'm just thinking of different approach like this forum should charge some big amount (maybe refundable after some locking period) for announcing any altcoin or ICO. So that only people who are all having all the reasons might be thinking about starting a project and scammers may start staying away from here. Fee for announcing a new project may not be a final solution here, but similar to anything like that will be at least restrict in some level so that we can go for analysing who are all legit will become comparatively easier task.

When this entire community will be working on ensuring who are all legit and what are projects should be classified as "safe" for working, then probably be can have healthier crypto environment in real soon. Already lot of people are working like this for finding out spammers in meta section now they just need to extend their work into ICO industry.

Hopefully we are going to have some initiative with the help of DT members as per few of my friends have already notified about a progress on this. This must be a highly demanded initiative for many people here and I'm really glad that you are going to have it in real time.

Scammers will keep evolving to the next level even what we are trying to control them so we need to be careful while investing our own money, don't trust the promotion and attractive discounts and also don't just invest on any project because of lot of people invested on it.

I agree that they are evolving quickly, it's so hard to tell which ICOs are legit anymore, they even use real people that you can talk to, pretty nuts.

Thats why take some extra precautions while investing in crypto-currency related Investment!Crypto-currency nature is decentralized so it means its not fully cover on Government Regulation etc. ( *Today some Countries are beginning to regulate Cryptocurrency) and Because of this decentralized Anonymity many scammers is taking advantage of this nature like hiding the true identity while conducting and ICO/ITO and after they accumulate/collected investors money its gone or an exit scam its easy for them to run because they are not known to its investors so thats why doing a little precaution like researched some information if its true or not if you find its faked the sole decision is yours.

I think we cannot remove or take away scammers in this business concept. Its part of the business already, now the only things we could do perhaps is report those cheaters who are exploiting the account of others in every ico campaign to the assign BM of every bounty project and also for the fake ico project too.

This is why we need to let the government regulate cryptocurrency. We had no other choice if we will let the scammer do this. Actually I have seen one bounty team management that always bring scam project and they had a lot reason of it or strategy that will triggered at the end of ICO period or after they gather some money from.the crowd.

I agree with your opinion because this method if implemented can increase the trust in this forum and the projects that are in it

If you find a bounty team that always carries a project team, please make a thread in this forum so that you can find it together about the truth

That is a good idea. We must be responsible also for filtering out some scammers users and for the fake project scams. We must also include bounty managers that are not giving the bounty rewards on the hunters. Being in red trust is still not the best idea, but to have a master list for scammers is a good one.

Best thing to do is to create a bounty that aims to purify and eliminate the scam projects in the market. That is a good idea am I right? Well, soon I hope it should be done so.

Theres a thread already for that, scamming is not new here it happen since crypto started to boom in the market. Your concern is good to our crypto community and we are democracy, you can make your thread to our newbie more knowledgable and avoid scammers.

It's worrisome to see scammers lynching investors in cryptocurrency world and its getting more popular this days ,I'm worried about the newbies that have the power to make crypto grow by spreading the words about it to friends and family but what happens when they are victims to scam projects ? They run and badmouth cryptocurrency I'm general

It is no brainer if you do the research properly. Instead of proving/wasting your time whether the project is legit or not , ask the project to prove it legitimacy and evaluate it.
Do not be fooled that anonymousity is necessity of crypto, No company (whether it is doing ICO funding)  can remain anonymous and it need to be registered somewhere in some country.

To me having scam accusation thread is not enough we must continue to find ways to deal with scammers and eliminate scam activities totally, though it will be difficult but if we make up our mind and work together, we can get ourselves out if the hand if scammers.We should not give them breathing space until we are able to minimize it.

It just needs common sense to easy prevent us from being scammed. Nevertheless, Common sense isn't actually common. Sometimes you just need to look at the bigger picture instead of focusing to gain a profit. In cryptocurrencies spaces, useless project or scam project is easy to recognize, most of the project is only a rehashed idea, and has no utility. And also the main reason bounty payment paid in project token is because they have no funds reserved for marketing campaigns, and that is a big warning.

In order to do this, the high ranking members of the Bitcointalk should be led and a team of well-understood people should be established. However, it is not easy to understand which project is SCAM.

Yes it is the need of the hour to expose and take action against scammers. There are increasing incidents of fake ICOs cheating investors and crypto hunters. Such scammers have also eroded the image of cryptocurrency and spread discouragement among genuine ICOs. So strict regulations and other steps the likes should be in place to end scam.

To be honest, there is no exact way to reduce the scammers in cryptocurrency or in this forum. That is why, we have to be extra careful when it comes to doing transactions. We can't exact ban people since there is still privacy in cryptocurrencies even though KYCs exist. Preventing scam ICOs is possible. But the people behind it is near impossible.

I think that this may turn out to be quite an effective means to limit the number of fraudsters who are trying to promote their projects at our expense, however, everything will be even more effective if the state accepts the appropriate regulation that limits fraudsters in their capabilities.

I agree with your opinion, crypto will be difficult to implement its integrity to remain anonymous when regulation is a necessity at this time

nope, bounty hunters are just victims also, they did not know that the project is going to turn out as a scam. Coz you know this is decentralized space, and we would not know a scam until it turns out a scam, there are projects without visible team and seems got garbage project but they turned out to be profitable, and on the other hand, there are projects that seems  very legit because of visible team and turns out to be scam.

Special topics regarding the scam already exist and you have to look there to find out more. scam be risks and there are always things in this forum. When she can not choose ICO is good then will only meet with the scam that is indeed quite a lot. It is indeed a scam is not given mercy again because it is not also made it a good ICO be bad for all those who don't know it.

Because it is necessary not to identify fraudsters and the fight against them, that is, real actions.

Hopefully a new version of ethereum will reduce the amount of scam tokens by making the payments reversible. Their are many newbies coming into crypto who are easy targets for scammers

It is not easy to detect a scam project, but if you try, it would take some time but at the end you would be able to detect scam projects by reading whitepapers, checking communities and so on. Just invest some time and it would save you a lot of money.

I saw this scam accusation thread recently on Bitcointalk, unfortunately I noticed that if some people are accused of doing one scam or another especially ICO, they might just disappear and the investors would still lose out.

Just a suggestion maybe the moderators will pinned a thread where all the proved scammers or active accusations are listed so it's easier to for us to look in it if we're having a direct transaction and also easier for us to know all the people who have an active accusations, etc. but it might need some time to list down all of them.

I concur with the part of Bounty hunters coming together to fight these scam projects. It's really getting out of hand and something should be done about it.

Red flags are not enough for them. If it would be possible, it is best to file a complaint against them if they were listed on sec, to have them returned the funds to the victims.

as practice has shown - virtual methods of struggle are not effective, here only regulation from financial institutions will help us

Best for this forum to have a section for the scammers and cheaters on bounty campaign. But accusations is also good but it needs more time to confirm. Because lacks of evidence, may erase the accusations for them .

That would be great, and scammers would be put in jail. However, this is a cryptocurrency, a world of anonymity, which is why we now have so much scam.

We should all have each others back this way we can safe many people from investing into scam projects ,raising red flags won't be enough ,its better to file complaints asap the earlier the better ,the newbies are the ones that needs to be very careful of this scams they are getting outta hand everyday

How productive will it be? I do not think it can stop the scammers. There are 1000 thousand of them. We advertise projects based on a lot of facts. I do not think that someone from their hunters gets a bad project in advance.

How do you think how many investors see this ad? I think not much. Investors use sites like ICOBench. And vseravno invest in scam.

youre right, please dont give mercy to the scammers, besides they cheat and rob others money, they making bad reputations for crypto itself, they act made fall deep of crypto market cant be forgiven for sure.

Scammers are very hasty they are just lazy people and want to get a lot of profits. And there are already topics that discuss Scammers but there has been no significant progress to eradicate Scammers. We have to be careful with Scammers because they can make us lose money.

Some members are trying to help finding out fraud projects and tagging them. One guy also listing all the scam ICO and trying to help people not to being scammed. We are responsible to prevent scam here.

They are some forums like that on Bitcointalk but as you have already noticed it hasn't helped to reduce scam, people just close their eyes and get scammed. Best way to help newbies is to teach them on how to be vigilant cos they might be no end to scamming

A section named 'scam accusation' is already available here in the forum, so there is no need to make another one.
I hope newbies will visit it regularly to get away from scams and frauds.

I think there is already a thread for it. So many scam projects out there. Its scary. I did about 5 bounty projects around this time last year. 2 of them went straight scam. 1 listed and didn't pay hunters. They now sent a message today that they will pay hunters meanwhile the token now lacks volume on the exchange. We are basically getting worthless shits

Unfortunately, bounty hunters do not pay any attention to the projects in which they participate. They just want to quickly get a few dollars. There are those who take the fraudsters out of the shadows, as I noticed, even after a warning about fraud appeared, the hunters continued to advertise it.