Reducing scam

[kenjionline]

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.

[1714952996]

1714952996

[1714952996]

1714952996

[bigcash2011]

I have read that regulations and laws are being worked out for icos and crypto in most of the countries especially Australia and Europe is actively working on the regulatory framework, after they implement their regulatory framework for crypto i think many more countries will follow.

[CryptoToxicAvenger]

Unfortunately, nothing can be done about it yet. We should rely on our knowledge and choose projects more carefully. Perhaps the situation will change when countries will adopt laws on ICO, but currently have to try yourself.

[Yaddady]

It's some unbelievable these projects have advisors, yet they fail. Sometimes, these advisors are fictitious and part of the grand scheme of their scam. The only way to curb scams in ICOs to the investing be awake to the scam projects and also for the industry to be regulated with scammers prosecuted to serve as a deterrent to others.

[Ultimist]

We are our own regulators. Scammers are in all areas, where it is more, where it is less. We must learn to identify them ourselves. After all, some scams can be revealed even without in-depth study of their project. We must rely only on ourselves.

[jojohamasa]

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.

Setting the regulatory framework has two aspects
The first is negative because it is against the idea of financial freedom originally
The second is positive because it encourages countries to Comprehensive adoption
We need a consensus formula that will satisfy everyone.

[blockman]

Stop supporting ICOs and that will solve the problems for the increase of scams in the market. There will be no more ICO if there's no market for them and we are their market so if we are no longer investing to such ICOs, they will notice the dramatic fall for this market and they might shift to another way of crowdfunding.

[Utyg]

Crooks will not run out ever. Since at any historical time. In any even the most secure transactions, there are people who are madly in love with easy money. Who would do anything to get our money. Currently, the cyber crooks are sending spam with malicious links. Friends be careful and take care of your capital.

[Qiuyue201]

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.

Setting the regulatory framework has two aspects
The first is negative because it is against the idea of financial freedom originally
The second is positive because it encourages countries to Comprehensive adoption
We need a consensus formula that will satisfy everyone.

But it will be so difficult to be implemented as you can see that how so many people are still feeling that, the financial freedom will never match with the regulators. The more regulations will give a lot of guarantee to the investors. but i think it will be fine for ico developers to complete KYC verification.

[tk808]

The more and more power and support investors give to: https://bitcointalk.org/index.php?board=83.0 the better Bitcointalk will become

ICOethics is doing some amazing jobs on this end.

[bovesgiraffe]

maybe if the law would be more strict, then it would be an effective regulation tool

[Jaycee99]

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.

There types of scammers that can get the blame for fake ICOs

1. Sometimes we have the scammers that can be the team or behind the team is one person or can be the website dedeveloper.

2. Or the website developer can be a victim as well and got the bounty manager who can get the blame for it for the bounty manager can be the victims as well

3. The whole team can be the scammers the developer and the bounty manager.


We can not sometimes stop things that could happen we could only stay safe and gamble with the chances for the ICO can fail or win and can be a scam.

[ellabanana]

We've been used to being controlled by a certain group that's why we are having difficulty dealing with the new idea of cryptocurrency. In which, they want this to be decentralised. Let's be patient and see how it works.

[zhelis74]

We are our own regulators. Scammers are in all areas, where it is more, where it is less. We must learn to identify them ourselves. After all, some scams can be revealed even without in-depth study of their project. We must rely only on ourselves.

Scam ICO's is really hard to identify even if we have a thorough research by our own because I experienced not once and I lost all my investment and I have waste my time since I participated its bounty too. I think scam can only be reduced if there are is an crypto agency that will validate all new ICO and they are the one who will handle and check its legitimacy.

[stealth.money]

Trading crypto is like gambling.
another word, crypto is gambling. Do you like gambling?

[AdoboCandies]

Yeah there are so many scam projects nowadays but there are some people or members in this forum who helps to reduce the scams projects, try going into scam and accusations there are multiple or posts that are for scam projects they are very good and very helpful because nowadays you won't know if the project is a scam or not they are very hard to identify, they even use the face of other persons.

[hesham51]

Frankly, Someone must stop these fraudulent they don't have to leave these scams projects play in the industry,DAICO may restrict some fraudent and others projects may play role such W12 or ICOVO. 

[abstmain]

I believe we can do that in the future. But not with the traditional way, we need to think a blockchain based solution for this. I already have seen a new ICO which is trying to build a platform where scam ICO will mostly be reduced. I think, in near future, there will be some smart move and scam ICO will be totally removed.

[ntarah langger]

Unfortunately, nothing can be done about it yet. We should rely on our knowledge and choose projects more carefully. Perhaps the situation will change when countries will adopt laws on ICO, but currently have to try yourself.

I am looking forward to it happening, invite the ICO.
if it is realized then security for ICO will be very good, there will be no more fraud in the name of ICO. hopefully it will be realized soon.

[511xiaohao]

This requires not only the strengthening of supervision by countries, establishment of a regulatory ico department. but also investors need to improve their knowledge of crypto,when investors have certain knowledge of crypto, those scam icos will be more and more seen through by more people.