How do we eradicate scam in cryptocurrency industry ?

[DamilolaB]

I think it is possible to eradicate scam projects in the crypto community.  However this mission must be back up with strict rules and regulation such that who want to perpetrate scam would have been blocked by a well and highly regulated crypto community.

[Lima0396]

I don't really think that eradicating scam in crypto currency is that easy as stated here because these scammers most of them are veteran, they know what people really want, and they know how to arrest people attention after gaining your attention they now offer their cheap ICO to you, most people are blind by their greed they want to be rich overnight, so they fall into the trap of the scammers.
I think a severe punishment should be awarded to them.

[Ejitty]

Eradicating scam in crypto currency is not a day job
because Rome was not built in a day, it requires lot of hard work
and dedication to stop it.
Moreover a penalty for defaulters.

[earnestoshodi]

Hello,everyone I think there is an urgent need to end scam in  cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ?  Or it can only bring a measure of protection to investor  in the cryptocurrency ?   Please let's have your opinion

This is will be a good idea if the integrity of the platform can be managed. something that cannot be manipulated or bought. Maybe with escrow for the funds collected

[Caelanpelley]

In order to eliminate fraud in the electronic money market, there is a need for more rigorous management. There must be strict rules for players to comply. Investors themselves must also know phishing is a bad thing to stay away.

[ojosamsom]

Honestly eradicating scam in crypto currency is not a day job, because the scam is not just a case that started yesterday, so it cannot be eradicated easily, it requires all hand on deck, with commitment and dedication.

[kevingreen]

Hello,everyone I think there is an urgent need to end scam in  cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ?  Or it can only bring a measure of protection to investor  in the cryptocurrency ?   Please let's have your opinion

This is will be a good idea if the integrity of the platform can be managed. something that cannot be manipulated or bought. Maybe with escrow for the funds collected

I agree with this point, if all hands be on deck and integrity is maintained a good result will be achieve in the fight against fraud stars and this help to win  investors confidence in the cryptocurrency industry.

[royalcrypt]

It will be hard to completely eradicate scam in cryptocurrency. The only thing people can do is thorough research and take every precaution before investing to avoid atleast some scams because even with strict regulations fiat is not scam free yet.

[KobbyC]

I guess it is impossible. Wherever there is money to be gained, then there will be scams - true words.

I don't agree with you dude, There are various ways which scam ICO and currencies can be eradicated. A good example is what He stated in his introductory statement about the topic. A lot of team members have put themselves up to solve this problem. And they are gaining a lot of support. In the near future, those who don't want to be scammed will never be scammed.

[Idrisu]

Hello,everyone I think there is an urgent need to end scam in  cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ?  Or it can only bring a measure of protection to investor  in the cryptocurrency ?   Please let's have your opinion

this can really help in fighting scam as icos scammers are the reason cryptocurrencies has not getting mush adoptions.  However,  to get that trusted site will be very hard as most of the rating sites we have now has started to manipulate and joined hands with scam icos.

[micheal wang]

Even though there are new ways to avoid and make sure the site for ICO and determining it's scam or not, surely a scammer will continue to search the site for hacking. I just though in the internet network who made by human there is will be find some error and be used by some scammer to manipulate so that the project is legit.

[Dimonto]

I think there is no way to eradicate the scam of the cryptocurrency industry at the moment! If a country can do this, then I will be happy to support them!

[fabuloveu]

Hello,everyone I think there is an urgent need to end scam in  cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ?  Or it can only bring a measure of protection to investor  in the cryptocurrency ?   Please let's have your opinion

Only government interference in form of policies and regulations can reduces scam in cryptocurrency industry. A review website can not be 100% trusted.

[ballerin and giroud]

Hello,everyone I think there is an urgent need to end scam in  cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ?  Or it can only bring a measure of protection to investor  in the cryptocurrency ?   Please let's have your opinion

Only government interference in form of policies and regulations can reduces scam in cryptocurrency industry. A review website can not be 100% trusted.

Websites can be a paid site, it will only give some insight but we need to do a more deep research in it. Having knowledge on the real use of that token and its legal issues can help in this matter, but the scam is part of this industry now. Its a matter of who have the skills to pick the right one.

With regulation from government/other party at least will make someone/some investor be convinced against the project ICO is legit. Before the ICO project announce, the regulator will review and make a study of the token background, whether from the developer or the token function in the future, but the most important is the developer of the ICO project. I think this way will reduce scam in the cryptocurrency.

[truemeren]

I think that the scam of cryptocurrency is difficult to eradicate completely. I want to wait until the encryption market develops to a certain extent, and the government will participate in it. By formulating laws and regulations that are compatible with the encryption market and implementing it carefully, we can effectively crack the scam of cryptocurrency.

[FirstCryptic]

To remove fraud from cryptography will help only the state with its bodies of investigation, judging and punishment. The state may not recognize crypto-currencies and even have prizentions to them, but the government must support the order and the scammers in their country.

[Charlescrypto]

This project is so unique and refine

[ZinLee]

Hello,everyone I think there is an urgent need to end scam in  cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ?  Or it can only bring a measure of protection to investor  in the cryptocurrency ?   Please let's have your opinion

There should be a site like that, but due to our greed is too large and there is too less  knowledge about ICO. I hope there are specific guides for beginners

[micle222]

All of it starts with our own and that also requires awareness from us.
If we find it then it is better to give advice to our friends or family do not follow the ICO SCAM.

[Luxury331]

Well I don't think it is possible to completely eradicate scam completely from the cryptocurrency world we can alone reduce it by setting up and internal regulations on various sectors of the cryptocurrency world