Algorithm to find out altcoin scam

[Nagesh021]

There are quiet a few geniuses here but has anyone come up with a method or an algorithm to find out when someone's scamming people?

[1715624719]

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[1715624719]

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[salinagomez]

the number of scammers in the market has increased significantly. This is causing trouble for investors. there is no exact algorithm or way to find out scammers, investors needs to be careful of scammers by using their own experience and skills.

[LinkinPrak852]

Contributors to the bitcoin industry have been already working for preventing scam. Actually, in a complete technology based system scam is nothing new. But in terms of crypto market although it's a matter of concern but still the ratio of scam is very low, I guess.

[BlackBoxRecords]

That´s funny, how would you create an algorithm for that? I don´t know if what you mean is a method, in which case there are many professional firms that are able to do that for your.

[invo]

There are quiet a few geniuses here but has anyone come up with a method or an algorithm to find out when someone's scamming people?

there's no such thing, you wouldnt be able to know if you are a victim of scam unless they show some hints, or else you would end up losing your money.
that's why we have different kinds of things to look for if we want to avoid scammers.

[duongdaiduong]

How to know the scam project?
almost no exact answer.
However, you can minimize the risk by analyzing their projects.
The purpose of the project, practical applications, the team (real or fake) and the roadmap ...

[Md.salauddin]

As far I know there is still no such method or algorithm to find out such thing. Actually to develop such method is really tough as technology is always upgrading and newer for of technology is coming on a regular basis. We need to be careful; to avoid such problem.

[crypto228]

I think that scammers can not be calculated. A lot of sites with ratings, where there are many ways to find out scammers, plus expert assessments. Even such methods do not guarantee the success of the project

[acheampong64]

Buddy this thing no one in this world can create an algorithm for that. Well, maybe there are some factors you should look out for but the bottom line is that, a scammer is a thief and thieves are very intelligent. They'll show you what you want and get your attention. After that, your money is gone. In my opinion, the best algorithm is to run away from huge promises and returns- they're very risky.

[swissgang]

I think that's not something an algorithm can solve because you can easily set up a legit ico but it can also easily turn a scam after things go well 

[LuckyHopper18]

We need to study the project carefully, but it is unlikely that it can not help at all 100%. Maybe guys from Menlo.one know something about it. Becouse they say that will look at scam projects. I hope it is true.

[crampus]

It seems to me that here any algorithms will not help, to determine the moshins, it is necessary to understand each project.

[alimarh]

There is no special algorithm to find out which altcoin that could be a scam, the only working algorithm is you doing your own research about the coin you want to invest in, doing your own research will reveal so many thing to you about the coin,

[Byzantium101]

There are quiet a few geniuses here but has anyone come up with a method or an algorithm to find out when someone's scamming people?

I think that is very difficutl, but it would be very interesting to have at least some way of performing automated and trustless checks on ICO teams.

[blockchainwriters]

every algorithm will have a reverse algorithm  to break it so we cant completely relay on algorithm based logic

[Omega Weapon]

There are quiet a few geniuses here but has anyone come up with a method or an algorithm to find out when someone's scamming people?

There are some methods to find most of the scams but you will never be able to find all the scams and there is also not an algorithm or computer program to do that, you need to do your due diligence, if you do, the chances you will get scammed are very low, check their website and the team behind the coin and do that for hours, at that point it is not rare to find some small inconsistency and if you do then do not invest in that project because the chances are that if you found out that inconsistency there are probably many more you did not found.

[kingzpro]

I do not know how can one create auch algorithm, i think some things cannot be done by artificial intelligence, the answer to your question is simple, if you think anyone is claiming more than practical reality, is suspicious or you see any red flags or simply you are not confident then you should not proceed.

[Milamol]

every algorithm will have a reverse algorithm  to break it so we cant completely relay on algorithm based logic

Correctly. Once the algorithm is created, scammers can immediately learn to bypass it. This is a rat race.
_______________________
Therefore, you need to study projects, take notes for yourself, watch out for events. Over time, you can reduce the likelihood of cheating. But there is a drawback in this - time goes by.

[ShawnJessie]

As far as I know, till now there's no solution or algorithm to find out someone scamming. I will only suggest cautiousness to such cases. If the words seem suspicious then there's no need to take the risk and go along.

[Caesar-Giulius]

The only thing you can prevent scam is to be very careful and do the necessary security precaution.
Always ask yourself “is this true” before acting.