How do we eradicate scam in cryptocurrency industry ?

[sinkfish]

Hello,everyone I think there is an urgent need to end scam in  cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ?  Or it can only bring a measure of protection to investor  in the cryptocurrency ?   Please let's have your opinion

as long people still believe the beautiful story told by ICO sales person, undermining peoples greed. The scam still on for decades, be it securities, bonds, equities, stocks, people never get tired of this kind of scam.

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[GunsLair]

I think it's impossible to do. In any business there are always people who want easy money at any cost. Take any industry. Scamers have always existed, and in the modern world they became even more, since became more opportunities to deceive people. Moreover, in our time, unfortunately, money stay on the first place for most people.

[jestbenen8]

All of it starts with our own and that also requires awareness from us.
If we find it then it is better to give advice to our friends or family do not follow the ICO SCAM.

You can't. Money always had scammers and no matter what you use there will always be scammers. For example there was scammers during roman times as well, they tricked people to take their money and run away with it, 2000 YEARS AGO! There was a dude that sold the eiffel tower in paris as, there was american dude that sold empire state building.

These were all with fiat currency we use everyday. Now bitcoin has scammers and yes it is much easier to actually scam people with bitcoin because technology improved everything, it is easier to communicate with other people thanks to improved tech but that allows people to reach a global audience when they want to scam people and not stay just local.

[andrej.safronov.1990]

Yes, it can help to kill rogues, but then the question arises, these sites have a lot and they are not much help in the fight against fraud, as their rating can be bought for money. Here the website needs to act as a guarantor to the fact that he is independent and tell why one project is alive and the other fraud.

[tk808]

Services to handle scams need to start appearing/cropping up, and they have to have the authority and respect of the Bitcointalk community to begin with.
Really suggest you guys start lending a hand to ICOEthic's and his team, they've been doing an amazing job fighting scams, and making them public. icoethics.com and or https://bitcointalk.org/index.php?action=profile;u=2204241

[Devid150xxx]

Cryptocurrency industry is a risky business. Like any kind of activity. And fraudsters are operating everywhere. I do not think that it is possible to exclude them completely from the market. Anyway, there is someone who can penetrate.

[Samkol26]

Crypto currency world or industry is a big one and I don't think there is a way to totally eradicate scam here. The only way out is to know what you are doing before you do it. That is the only way to avoid scam .. I almost fell into this trap myself but when I researched every information about the scam I see what it really is