Do you think people who invest in scam are unaware of what they are doing? Not so often. Have a look at threads of shitcoins such as ethereum cash, ethereum dark and the like: everybody knows it is just a pump and dump shitcoin but they are still willing to invest on it 'because my x10'.
Agreed. That's why I say that the point of regulation is not to eliminate scams. It would minimize it and keep the money clean.
Yeah it would reduce scams but I still think that those crypto investors who seem to be so fervent around regulating the ICO and altcoins market, should really get back to IPOs and stockmarket for a while and then come back to see if regulations is really what they want!
Where there's no risk, there's no opportunities.