Reducing scam

[iancortis]

yeah, i also encounter those we think that a really legit, knowing that their transparency of their project events and announcements, i know its hard to think that there are included with those scammers out there.

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[Jrfranco]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

Same thoughts also in my mind, how to reduce the ICO frauds and scam. Maybe, the thing we can do now is to educate our friends and or our social media friends that wanted to invest in any ICO, to take further study before investing in it, everybody should be aware of the fact, that the happenings of scam and ICO fraud, oftentimes happens because of the lack of knowledge to a certain project or has been hypes with some friends and or scattered news all over the web. Its our job initially, to educate the community behind us about what is really happening, this forum bitcointalk helps a lot to educate the newbies and investors itself.

[igor.vanyutin.83]

We should built a team to check the projects if they are legit. I would say there would be no ICO without any community or professional check. We need to regulate the ICO market because it is not funny anymore, when even second project is a scam.

[danfred]

People are smart enough to avoid fraudulent ICO. Those who can not see directly in the face of counterfeiting, need to learn more.

[- ESPERS -]

     We are our own regulatory department. We have to rely on the knowledge and information we hold when choosing an investment project and doing the right research. It is very difficult to imagine an authority to classify ICO projects in good or bad. There should be a kind of KYC for projects when they appear on Bitcointalk, team members being forced to write their real dates.

[MegaPost]

There is one great way to avoid counterfeits: Only use the old coins. I've never heard anything bad about BTC teams, ETH or LTC. That's the key.

[kolonel_x]

in my opinion the solution to the problem is when the government starts monitoring and descending to ensure that the project is truly trustworthy. at least the regulation will make everything tight. but later only projects that are truly real will exist.

[Robertqueen2]

It may take time till we have a systematic decentralized framework through which we can detect scam projects and ICOs. There are some simple ways we can use to know the true and authentic projects and ICOs by reading the whitepaper, for example, and the roadmap which have detailed technical info.

[Sissebrahima]

The end of a fraudulent project and fraud can only put the intervention of government regulation and punishment for fraud. After the interested parties have an agreement on cooperation, they will be able to stop the fraudulent project and punish those responsible.

[Sicithdeve]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

i really doubt that there are some chances for us common people who use this market to reduce scammers you can just avoid them

[Sicithdeve]

It may take time till we have a systematic decentralized framework through which we can detect scam projects and ICOs. There are some simple ways we can use to know the true and authentic projects and ICOs by reading the whitepaper, for example, and the roadmap which have detailed technical info.

it is necessary to read whitepapers and other documents as it may protect you but you will not reduce scammimg by this way

[Iarnnoshre]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

scamming is a serious problem and i would even say one of the most serious right now as many people suffering from this lose money

[ambeo]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

you think that we should find responsible? i guess it's us who are responsible because it is our decisions. it's up to us to investigate what is fraud and what is not, don't you think so?

[coinbitrade]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

you think that we should find responsible? i guess it's us who are responsible because it is our decisions. it's up to us to investigate what is fraud and what is not, don't you think so?

Not now. But maybe if everything changes and the scope of ICO will be regulated, then it will be possible to find and punish those responsible if they turn out to be fraudsters.

[Ozero]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

Decentralized cryptocurrency does not imply regulation only in the basic principles of its existence. However, states can fully regulate the order and conditions of cryptocurrency circulation on their territory. Moreover, fraud in the ICO is a crime and the state is obliged to intervene in the process of the ICO, in order to prevent the commission of new crimes. Therefore, the activities of the ICO will be regulated by the states in any case, and many states have already begun to create the appropriate bills.

[moneyvolutions.com]

It may take time till we have a systematic decentralized framework through which we can detect scam projects and ICOs. There are some simple ways we can use to know the true and authentic projects and ICOs by reading the whitepaper, for example, and the roadmap which have detailed technical info.

Do you know the Centra Card? this is one of the best and most popular platforms of its time. They have concepts, roadmaps, and whitepapers which is very clear, even their tokens have been listed in several large exchanges such as binance, but in fact it is a fraudulent project. So I think to determine whether an ICO is scam or not, just looking at the document is not enough.

[ivanleon]

I don't think the government's furious approach to ICO regulation is the best way to get rid of scams. To implement the search for good projects, it is necessary to create an intermediary organization that will be independent of the government, but will provide arbitration services and protection of ICO investors.

[xiboothrezi]

It may take time till we have a systematic decentralized framework through which we can detect scam projects and ICOs. There are some simple ways we can use to know the true and authentic projects and ICOs by reading the whitepaper, for example, and the roadmap which have detailed technical info.

Yes, unclear regulations about Ico make many fraudsters easy to commit fraud. We must be careful, so we don't get trapped easily. In-depth analysis of realistic projects, competent teams, etc. must be maximized. Don't forget to check the sub forum Scam Accusations  for consideration.

[alimarh]

The crypto space is a decentralized network and it will e hard to stop it then some measures can be applied to reduce it by applying regulations which is happening currently though it won't apply for every country.

[Maknae09]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

I guess the people should be more responsible personally, and also, there should be some regulations that will restricts the ICO to just implement their product without further test. In this case, there would be limited ICO in the market but is surely not scam.