Reducing scam

[vina.lugtu]

In my opinion, ICO reviews plays a major role on how investors decide if they will invest or not. That being said, they should be responsible on their reviews. If you check it, Scam ICO's are being rated high by reviewers. It feels like they are promoting it without knowing what it reallly is. They're all for the money.

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[tisoysoy]

In my opinion, ICO reviews plays a major role on how investors decide if they will invest or not. That being said, they should be responsible on their reviews. If you check it, Scam ICO's are being rated high by reviewers. It feels like they are promoting it without knowing what it reallly is. They're all for the money.

Yes, it's our role as a bounty hunter here in crypto were they only one who decide or review which we're we belong because we know already how it was good promoting of ICO.

[matjas]

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.

Crypto community is huge and since there is not much regulation going on, we as a community have to stick together and point on scamy projects out there. I think project team is one of the most important things we have to focus on in order to prevent scams.

[ganegani91]

for now there are a lot of ICO scams that are happening, and that is something that worsens crypto conditions, there is not much that can be done except to remain cautious about investments that offer high prices with low insurance rates

[Ini35]

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.

We are very much responsible to whatever happens to us in the crypto space. One of the things we should always ensure before investing into any project s to do proper research. Then if you are not satisfied with what you have done, or that you need to confirm, you can then consult others that you know are experts when it comes to investing on ICO. At least try as much as possible to avoid scam.

[DAVETUN]

The best strategy to reduce scam is to ensure we retain the basic rules, that is be careful with freebies and ICO with huge bonus, avoid visiting unsecure site, research about ICO before investing, be patient enough to ascertain the rigth wallet ID to send your token to. Let us build a community that will keep exposing scammers we discover in order to reduce there activities in the space.

[yaamite]

I support the opinion that the moderators of the bitcointalk.org forum should only allow to publish proven projects, participants in the companies of generosity choose in which project to take part, but they must receive payments!

[JuanPaulo]

With the recent ICO algorithm, there will be more and more scammers in the market. To protect yourself from these scams is very difficult, but some basic precautions will keep most people safe.

To avoid fraudsters do not need to rush to every new project. It is necessary to study it carefully, see the information about the team members in the Internet. Find the maximum possible information about the project and on the basis of its conclusion about investing in the project.

[NomanBD]

It's also right advisors were responsible. Before they took a pledge from the project, advisor should check everything from whitepaper to admin information.

[LuaKT]

In my opinion best way for prevent scam projects is teaching investors. Newbier investors dont know anything about projects and they are immediately investing some projects with their money. That is very wrong. We should help these newbies with some telegram groups or with some more effective way. I am always trying to teach something to newbie investors and already i teached too many things to my 15 friends and all they are good investors now with knowledge. Nobody can not regulate decentralised space only we can teach eachother.

[Matteo.b]

Its been a while a good feedback of some ico its done right, for the review of some projects i would say that this time were reduce of scam projects. In aware of encountering those scam project make your own analysis by reviewing and reading their platforms.

[Slark]

It would be cool to create some kind of organization like a Bank that will act as an intermediary between projects and investors. People just say where they want to invest. Bank cheat is not so easy.

[slashz9]

yeah so many project scam now, you must becarufull before you investing, always read and do research before investing in some ico.
need some regulation to make some ico are save or not for investor.

[fosco333]

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.

Cryptocurrency scam in ICO will reduced itself slowly, you can see by the number of ICOs and the investors now, very few.
The time will tell, the scam and fraud project won't survive because many investors are smarter now, always researching and take due diligence before investing. So, only a good and real ICO will manage to success in the future.

[Alexeu00011]

People are smart enough to avoid scam ICOs. The ones, who are not able to see the fakes right in front of the face need to learn more.

[Hades92]

I learned in the article that the Swiss state passed a cryto financial regulation law, especially the issue of money laundering, because there were several crypto used for fraud and money laundering. https://traynews.com/blog/swiss-regulator-developed-requirements-ico/

[robelneo]

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.

Don't trust these ICO ratings they are part of the scheme, go check the threads on scam sections there are trusted members of this forum that compiles the list of tools and applications you can use to track if the ICO'S you are investing are scam or fake project, they also compile a long list of scam ICO.

[Dodoymabs]

I learned in the article that the Swiss state passed a cryto financial regulation law, especially the issue of money laundering, because there were several crypto used for fraud and money laundering. https://traynews.com/blog/swiss-regulator-developed-requirements-ico/

It's already been an issue for a couple of years because you know, people will really find ways on how they can surpassed the law. This is why things really happen. The government continue to investigate about how they can solve or track down transaction so that they have at least have some clue to solve such problems.

[oppo070]

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.

It's worth a wait if these regulation will be implemented around the world. And this should be adopted by every country and the cryptospace as well in order to limit fraud and SCAM projects for the sake of improved and much more robust technology introduction to the world.

[ninabobo]

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 agree with you that we need regulations to become a legal umbrella for bridges between investors and developers. there are many ico project projects nowadays and almost most have the same idea as ico that has passed. even we are already familiar with scams. maybe the country must take part in becoming a bridge of regulation to tighten ico and must have a strong and official permit.