Facts about this "industry"

[BitBustah]

Lol, don't be naive, the same type of stuff goes on in the business world.  Corporations are sketchy and do everything they can do save a buck.  Fraud is rampant everywhere and people are willing to do almost anything for money.  This is just the nature of greed, its not exclusive to crypto.

[1714739586]

1714739586

[BeManga]

Lol, don't be naive, the same type of stuff goes on in the business world.  Corporations are sketchy and do everything they can do save a buck.  Fraud is rampant everywhere and people are willing to do almost anything for money.  This is just the nature of greed, its not exclusive to crypto.

i agree this thing is not only happening in crypto it happen everywhere
as long as money involved few people will take advantage of you just need to be vigilant

[CryptoBry]

These and more are the things you get when we have an unregulated market. We hate the Wall Street because it is a corrupt though regulated platform and yet in our marketplace the same corruption is given the chance to breed and even took a new face and is now running wild and free. Why is this so? Answer: human nature. When we let humans without that sense of responsibility and not afraid that they are breaking any law...what we got is precisely the dark side of this industry. Sometimes we could not blame famous people of other industries criticizing us...they are seeing the many undesirable happening within this industry and yet for now we could not do anything about it. To be fair, corruption is happening in all industries including the many religions we have. What should we do to at least lessen these problems?

[jak3]

Yeah, this is exactly what Industry is. and if you don't wanna be a part of it then just go away. we aren't kids here. this is serious stuff as money making is involved here with a lot of verity of people around us always trying to make money from any possible point. even if you think it is hard it's not its just the way they want you to see the situation.

[PuertoLibre]

- exchanges that don't give a fuck and are not even hiding blatant wash trading, tape painting and spoofing.

- pump and dump groups with thousands of members on telegram dedicated to inflate the value of the coins of their choice and then dump their bags on poor bag holders who fund their gains before they run the thing to the ground.

- hackers who hack websites, wallets, exchanges, smart contracts

- scammers of all kind

- exchanges that will randomly confiscate your money and then you wait for months for customer support response, criminals

- 99% of icos are blatant cash grabs with no useful product or working prototype whatsoever and they are going to fail.

- miners that waste incredible amount of energy to mine mostly worthless funbux, ruin gpu market and occasionally enjoy cheap, even subsidized electricity while providing pitiful amount of new jobs.

- Crypto investors (speculators) who heavily shill their coins and fight with each other like a bunch of retarded children over whose funbuck is the god and which is worthless trash.

- "captains of the industry" who think they're next Edisons or Nikola Tesla while in fact they're making overpriced pogo sticks at best.

You nailed the main points!
Speculators came here to make money and we all know about exchanges which don't care about the safety of the investor funds. ICOs are not safe for the heavy cash investors but IEOs are more affordable to take risky decisions. Unfortunately, we as a crypto community have no power to fix these sides of the industry. 

[JuggSlash]

So many people turn into bad people when knowing this cryptocurrency era. In the internet, you can do any bad thing without going to the jail. I think cryptocurrency was a problem and the first reason on why people doin' bad thing.

[lyks15]

Yes that are all true. But imagine if we only see all the negative thought of something you will never aporeciate the good side on it. And if we only noticed and focus on the bad side of crypto we will never be motivated to work hard in earning crypto so it is not a proper mindset.

[Herbert2020]

you forgot about the centralized altcoins with 100% premine which makes their supply fake and mathematically their market  cap fake, that are staying on top of the market cap list and people think they are "TOP coin" because of that. meanwhile the scammer owners of these coins are making millions by fooling them during their pump and dump schemes.

this is not much of an "industry" anymore. there is just bitcoin and a couple of altcoins that have been pushed out of top 20 coins because they are not centralized and then there are 2000+ shitcoins starting from ETH and XRP and going all the way down to CON and COZ

[iconoclast]

- exchanges that don't give a fuck and are not even hiding blatant wash trading, tape painting and spoofing.

- pump and dump groups with thousands of members on telegram dedicated to inflate the value of the coins of their choice and then dump their bags on poor bag holders who fund their gains before they run the thing to the ground.

- hackers who hack websites, wallets, exchanges, smart contracts

- scammers of all kind

- exchanges that will randomly confiscate your money and then you wait for months for customer support response, criminals

- 99% of icos are blatant cash grabs with no useful product or working prototype whatsoever and they are going to fail.

- miners that waste incredible amount of energy to mine mostly worthless funbux, ruin gpu market and occasionally enjoy cheap, even subsidized electricity while providing pitiful amount of new jobs.

- Crypto investors (speculators) who heavily shill their coins and fight with each other like a bunch of retarded children over whose funbuck is the god and which is worthless trash.

- "captains of the industry" who think they're next Edisons or Nikola Tesla while in fact they're making overpriced pogo sticks at best.

You make some valid points but that is the nature of unregulated markets. Big Brother is not here to save you from your own stupidity. You need to do your own due diligence before you invest and take personal responsibility for the custody of your coins. If you are lazy or stupid there will be people who will take advantage of you. I assume everyone is lying and only believe the things I can verify and never leave my coins on an exchange. If you don't have the private keys they are not really yours.

[zhekinsp]

This is open for everyone so scammers use this opportunity to make money but the people who investing their money need to be blamed and they made this decentralized system into paradise for the scammers.

[dizzy1996]

No one will give you guarantees in this field of activity as a couple of years ago they didn’t even take cryptocurrency seriously, but let's look at the positive aspects for several years, she achieved world-wide recognition by our society and what you say about fraudsters I agree with that but you understand that they are in every sphere, and it seems to me that exchanges of exchanges of the financial market can do this with their investors.

[Starfranko]

No three is a reality to me. I have been hacked and defrauded. Hacking is piercing reality in this industry . May gmyiu not be a victim. Guard your wallet with all diligence

[mickey_miner]

And with all these disadvantages, in this market you can really earn a lot if you're clever) I think this fact covers all the flaws)

[Ucy]

- exchanges that don't give a fuck and are not even hiding blatant wash trading, tape painting and spoofing.

- pump and dump groups with thousands of members on telegram dedicated to inflate the value of the coins of their choice and then dump their bags on poor bag holders who fund their gains before they run the thing to the ground.

- hackers who hack websites, wallets, exchanges, smart contracts

- scammers of all kind

- exchanges that will randomly confiscate your money and then you wait for months for customer support response, criminals

- 99% of icos are blatant cash grabs with no useful product or working prototype whatsoever and they are going to fail.

- miners that waste incredible amount of energy to mine mostly worthless funbux, ruin gpu market and occasionally enjoy cheap, even subsidized electricity while providing pitiful amount of new jobs.

- Crypto investors (speculators) who heavily shill their coins and fight with each other like a bunch of retarded children over whose funbuck is the god and which is worthless trash.

- "captains of the industry" who think they're next Edisons or Nikola Tesla while in fact they're making overpriced pogo sticks at best.

It is interesting that With all these, there is no talk about successful hacking of any blockchain.
 It is important to note that most of the problems you listed happen on Centralized platforms.

[deodivine1]

Honestly speaking, most of the points here are valid. But what we should be hampering more on are means to curb this unruly acts in crypto space. I can't even imagine my funds being locked on a centralized exchange for some cock and bull stories. For the aspect of hacking, private wallets curb that, I can't overemphasize on it. Let's look for means to make this space more conducive for everyone.

[Ghost_1957]

I hope this industry has taken measures to eliminate fraudulent ico although it is very difficult but I believe there will be regulations on ico.

[agenlaptop]

I hope this industry has taken measures to eliminate fraudulent ico although it is very difficult but I believe there will be regulations on ico.

I am also happy that the industry can be able to eradicate fraud, because so far there have been many people who have been harmed by ico fraud so that the trust of most ico has declined among investors.

[MMysterious]

It would take years to educate most this people. Hackers are always present as they can see blood on these innocant but uneducated prey.

[inanilujimi]

- exchanges that don't give a fuck and are not even hiding blatant wash trading, tape painting and spoofing.

- pump and dump groups with thousands of members on telegram dedicated to inflate the value of the coins of their choice and then dump their bags on poor bag holders who fund their gains before they run the thing to the ground.

- hackers who hack websites, wallets, exchanges, smart contracts

- scammers of all kind

- exchanges that will randomly confiscate your money and then you wait for months for customer support response, criminals

- 99% of icos are blatant cash grabs with no useful product or working prototype whatsoever and they are going to fail.

- miners that waste incredible amount of energy to mine mostly worthless funbux, ruin gpu market and occasionally enjoy cheap, even subsidized electricity while providing pitiful amount of new jobs.

- Crypto investors (speculators) who heavily shill their coins and fight with each other like a bunch of retarded children over whose funbuck is the god and which is worthless trash.

- "captains of the industry" who think they're next Edisons or Nikola Tesla while in fact they're making overpriced pogo sticks at best.

yes this is all true, but all I know is that every decision we make without anyone's coercion and of our own willingness to enter this industry.

[Eadefemi]

judging from this post, the conclusion is one - now there is a continuous lawlessness!

Absolute lawlessness in the industry. Nobody cares about growth, all people want is just to make money in whatever way and whatever means available. If some of these behaviors can be curbed, this space will be a lot more better and profitable.