Bitcoin Forum
July 10, 2024, 05:54:07 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Altcoin Discussion / Re: Scam Coin's.... What should be done? on: August 20, 2018, 02:16:29 PM
Good to know the community response and view provided... pls keep on updating it would be helpful in gathering the knowledge base for the new in cryptoworld...
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Scam Coin's.... What should be done? on: August 17, 2018, 12:02:25 PM
Well it feels good to see so many people are actively participating in giving their view... I highly appreciate your opinions and views and am thankful to everyone for providing insight for moving forward with my project... though I learned what community thinks which helped me to eliminate the loopholes in my project... Will update everyone in this thread when I have my proposal and model of my project ready...

Thank you everyone for your opinions... I wish this scam should be stopped but its not possible at all though we can work on measures which can help the people who invested and got ripped of their money to gain back what every they can... this is my view of my project and would need everyone's support... as I do not believe being greedy or ripping people off their hardearned money will let the scammer survive for long... but its just a way to build trust amongst people about the cryptocurrency

Regards
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Scam Coin's.... What should be done? on: August 15, 2018, 02:24:34 PM
Just stop to invest into SCAM ICOs or Scam Coins... They will be dead soon.
You have to stop to believe into useless projects and fake projects, people must be smarter!!!!!

One cannot initially differentiate between a scam ico or scam coin in the begining phase... and people are not so smart who can easily differentitate.... that bring me back to the point what can we as a community do?
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Scam Coin's.... What should be done? on: August 15, 2018, 01:57:29 PM
Hello Everyone,

I recently came across many coins which were made to scam from the beginning .... putting up high ROI and huge returns compelled people to join the race and in few days time the dev's scoop out leaving large number of investors stranded and summing up huge loss ... some I know gather bits from there income and trusted a coin and invested in it... some had surplus to play around but ultimately everyone lost their money to some sneaky guy who made the coin... Im sure this is the way world moves but as an individual I seriously think that there must be a way to let people get what they lost so as to keep the faith in cryptocurrencies... as I personally feel that if this trend goes on I m sure everyone will turn around from cryptocurrencies... I would personally like few opinions from the community as to what can be done... please add to the list below what you all think

1. Take the source code off existing scam and turn it into a valuable asset so everybody who invested get the returns and more community joins in.
2. Keep up a system which keeps track of the developer and should compel them to regularly communicate so it dont get marked as scam.
3. ?? please add your view

Regards

 

I think your second solution will be so much complicated especially since there are coins who wants to promote anonymousity of its users. Which will then make devs unwilling to divulge their identities.
.
For me one of the best way to avoid falling into scams is to first study and research extensively on the coin or token you wanted to invest with.
Do not be enticed simply because everyone is already investing on it.
Do your personal research first...

Well as far as I know people don't blindly invest they are either lured by high ROI's or they get too excited when researching this is what leads them to pitfall... best of all one should educate themselves and if all the active member's try to post few links through which a person can learn it would be very helpful for reducing the number of people falling into the trap...

Regards
5  Alternate cryptocurrencies / Altcoin Discussion / Scam Coin's.... What should be done? on: August 14, 2018, 12:51:55 PM
Hello Everyone,

I recently came across many coins which were made to scam from the beginning .... putting up high ROI and huge returns compelled people to join the race and in few days time the dev's scoop out leaving large number of investors stranded and summing up huge loss ... some I know gather bits from there income and trusted a coin and invested in it... some had surplus to play around but ultimately everyone lost their money to some sneaky guy who made the coin... Im sure this is the way world moves but as an individual I seriously think that there must be a way to let people get what they lost so as to keep the faith in cryptocurrencies... as I personally feel that if this trend goes on I m sure everyone will turn around from cryptocurrencies... I would personally like few opinions from the community as to what can be done... please add to the list below what you all think

1. Take the source code off existing scam and turn it into a valuable asset so everybody who invested get the returns and more community joins in.
2. Keep up a system which keeps track of the developer and should compel them to regularly communicate so it dont get marked as scam.
3. ?? please add your view

Regards

 
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!