Reducing scam

[seyola89]

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.

Yes the investors of icos actually knows or are meant to know the risks involved in the business deal that lives on speculations only. Security token offerings are in line to replace ICOs.

[Jordens]

I think that only the study of the project can not be completely done, in order for the fraudulent ICO to become less, it is necessary to solve the issue with the regulation of the ICO. Need laws.

I think that sooner or later these laws regulating ICO will be created. But I have no idea what they will be.  And not the fact that the ICO will live long.

[louisBSAS]

I think that only the study of the project can not be completely done, in order for the fraudulent ICO to become less, it is necessary to solve the issue with the regulation of the ICO. Need laws.

First of all, we need laws that will force developers to disclose their personal information and register ICO with any legislative body, such as the United States.

[adamreb]

So far, there are no ways to protect rights in this direction. I very much hope that in the future the situation will gradually improve. It seems to me that for this you need to place some responsibility on the rating sites that advertise various projects of fraudsters.

[Terrmit]

Today I again became disillusioned with the projects. Now I will make decisions about further investments in cryptocurrency. Also from the side and hunting. Scammers kill the cryptocurrency market and the prospects for future growth.

[castiloros]

they have a flaw in what they do. the election also gives the bad research with poor results as the election of the ICO scam. so it's not just about the only Adviser is to blame, but some other important aspects including myself are also responsible and it is difficult to overcome.

[eagleman]

The advisors aren't responsible when the whole team starts to act shadily and hide all their plans of flipping the project.
These advisors were also hired and instructed to work for their job and reducing the scam, everyone should be responsible in investing to ICOs.

[Nekoma2018]

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.

Sadly 90% of ico's today are merely a idea... nothing to implement.. and there's no guarantee theyĺl be successful after sale... they're just hoping investors will buy their shitcoin offering so they can run away with our money... I had my way.. I'll say don't invest in ico's

[Tylev]

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.

Such a solution to the issue of fraud among ICO projects will be too long and will not bring the desired results. Not everyone will be able to apply to arbitration, especially since it will be connected with different states and such treatment will be a very expensive pleasure.
Government regulation is the easiest and most effective way to get rid of fraud in the activities of ICO. Moreover, the state must intervene in situations where crimes are committed. This is their direct responsibility.

[bitcoinst]

The less money becomes from investors, the more times they are deceived, the lower their desire to invest in projects, the lower the money becomes in the market. Less money - less scammers.

[mirawantirinjana]

I also became very scared when there was no follow-up from the law when a group of DEVs committed fraud so they never deterred and continued to commit fraud, who should be responsible?

[newbie-hero]

it seems very difficult to be able to delete some scammers they always improvise and they always try new things and find out how to do a scammer against new people in the world of cryptocurrency.

The cryptocurrency market should become more transparent. It is unacceptable to use anonymous names describing the authors of various start-up projects. In my opinion over time there will be even more opportunities for users to choose between projects and they will prefer the most reliable and proven.

[houjinglong]

Only legal follow-up can make ICO even better. When ICO is supervised and scammers can't use ICO, the cryptocurrency market will take off again. This is the most free place for investors, but it has been abused by scammers.

[ElenaN]

It seems to me such laws are not accepted in countries with such a fraud nothing can be done!

[Yatsan]

I sincerely hope that in 2019 there will be much less fraud than in previous years before

No for sure there will be more fraudster on ICO since it is became more easy to attract investors and investors are really trying to get what they lost on this year. Traders and investor should be more careful and more aware on such a project and look for a eligible and legitimate team behind the project. 2019 might be more deceiving than 2018 so let us all be careful to avoid scams.

[Natalim]

Only legal follow-up can make ICO even better. When ICO is supervised and scammers can't use ICO, the cryptocurrency market will take off again. This is the most free place for investors, but it has been abused by scammers.

Maybe ICO will change in the future, and there are ICO that are registered before running, so this would protect the investors.
If it's only optional, there are still developers who will run their ICO even unregistered but we can also see some people investing on it especially if they have a good reputation. We have been more matured now, there are thousands of ICO in the crypto world but we can still choose the legit ones to invest.

[Visbay]

It seems to me such laws are not accepted in countries with such a fraud nothing can be done!

Yes there should be some laws against scamming because it is not a good act at all. If government is not doing anything then we should stand for this and never put our money in those projects which has no record. Before investing ask for registration and search about it on Google as well.

[Ultimist]

I think we should rely more on ourselves. Of course, regulation can significantly reduce the number of fraudulent projects, but in this case you should still think for yourself. We must develop and improve our knowledge in order not to become a victim of fraud. We are our own regulators.

[bartusv]

We cannot blame the advisers if a project fail as they are not  part of the core team. Many of them just giving their names for
having some benefit. We need global regulations for ICOs.

[Luvr1000]

I think that soon people will begin to figure it out on their own. They will just need to do a much more thorough analysis of any project in which you are going to take part. In fact, it is absolutely easy to distinguish scam artists from good projects. You just need to make a little effort to study the team and check it.