Scam projects, what should we do!

[skylar]

in fact, most of these projects are not at all fraudsters, but they are closing due to the fact that now there is a bear market and people simply don’t network into tsrataps. I’m sure that when bulls return to the market, we’ll see how well we can earn on this market

so based on your opinion we can say that they need hype for selling their ICO product right? I believe that good project ( Idk it is ICO or not ) should not deppend on bull market or something like that, I think they have to proven to be exist even at the bad blood market.
the problem are people wanna some profit by joining ICO project or something and then scammer make use of this, we can avoid scammer but we can't kill them.

[Pikachu12]

This year we have witnessed many scams projects that we have invest in more than others years.  I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.

We really need to be protected by the government or the SEC. There are too many fraudulent projects on this Crypto market. But I think that this market needs consensus from countries around the world. They need to set up a team to protect people in this market from fraud. This is an open market and all countries can participate so this will be implemented quite slowly. We should have ways to avoid the project instead of waiting for protection.

[jcojci]

This year we have witnessed many scams projects that we have invest in more than others years.  I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.

This year scammers doubled from last year. Who will not hate it? They are enjoying this kind of thing. In order to avoid scams, I less participate in bounties who pays alts, I just participate campaigns that pays bitcoin weekly. Well whatever ways occur on how to prevent scammers, I will actively participate.

Yes, they keep trying to scam people and get their money. We see that many of them are trying to do the same thing but with the different method and I think they still get people's money. The only thing that we can do is be careful and don't invest in big amount, or if you want to participate in the bounty campaign, then you need to be selective to choose the project.

[jatin729]

According to my point of view we should avoid these type of project, before investing into any kind of ICO we must ensure that everything is legit in particular project if you find any thing wrong into the project research than avoid investing money into it.
I think there must of regulation if someone want to run ICO than their must of proper govt. norms they have to applied if ICO fails than management of ICO should liable to give money back to contributer otherwise legal action should be taken against them.

[Saunder2018]

There is just no escaping of fraudulent ICOs at this moment. I think government intervention could reduce the number but we have to bear this mind that, even with government's effort fraud schemes in fiat system still happen. So we really should measure our every step and go deep in research before investing in any project and alsways hope that it turns out legit

[Dennie741]

It's true that scams are increasing alarmingly day by day and we can do nothing about it. We just need to be cautious so that we don't fall for these traps.

[South Park]

This is really getting out of hands as we have witnessed lot of scam project and some even in the ico process made alot of funds but still not embark on the project and ran away with investors money while the bounty Hunter also wasted their time in promoting the project and get nothing at the end , this is more reason we need government regulation in other to make crypto save but many think government are the enemy of the crypto but in another view are only trying to protect the citizen from being scammed.

No, this is a reason to watch more closely in what kind of ico you invest your money or your time, this market was created with ideals of freedom but that freedom comes with a cost, and that is that this market is very risky and you can lose everything in an instant, if you do not like that then it is better for you to move to regulated markets where the government protects you.

[kabum21]

So far there are no regulations implemented for that, but we can do something as a community, we can try to help new investors up to good and useful currencies and not try to trick them into losing their money in the shitcoin that we are in by mistake ...

[yora12]

i  think  there  will  always   be  scammers  and  frausted  projects but  we  have  to  take  any  action because  there  are  too  many  of them  and we should  do  something  against  them  in  case  of  not  getting more and  more.

[aalborg]

I don't want crypto to be regulated, WILD market will end in this case and high volatility is a reason why I am in crypto.
Scam projects will disappear in case of regulation, but volatility will disappear as well!

[Goodnuel]

There's been a rapid and continuous increase in the level of scams that open up in the form of ico projects. This has also contributed to the low and unsteady movement of the prices of bitcoin and other alts. As long as the issue of regulations lingers, the level of scam doesn't seem like reducing. One does need to be very smart and detailed researches before investing in ico projects.  

[edmundo]

I have repeatedly said it, the only way out of the scams and shitty projects we have littering the entire blockchain atmosphere is a need for regulation. If projects are properly vetted before development, most of the current projects we have at the moment will not be around. It is obvious that most developers have completely nothing to offer but use the fact that, crypto as a whole is unregulated to commit crimes beyond measure. Only a solid authority with enormous powers to go after the developers of this fraudulent projects will bring sanity to the entire industry.

[chadtn]

This year we have witnessed many scams projects that we have invest in more than others years.  I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.

In order to reduce the number of such projects, it is necessary to raise the average level of education of crypto-investors. In this case, they will not fall for obvious scams.

[xhibit1]

yea there are so many scam projects now and we have to be very careful on choosing the ones we want to invest into. be sure you check their whitepaper and details of their team members

[Denies]

This year we have witnessed many scams projects that we have invest in more than others years.  I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.

there is nothing we can do but learn from mistakes on scam ico. As for other things like catching on dev, we can't get back the assets we have invested. regulation does not help for that
I think if the country must contribute and make regulations on ico. each ico must register and have a certificate

[South Park]

So far there are no regulations implemented for that, but we can do something as a community, we can try to help new investors up to good and useful currencies and not try to trick them into losing their money in the shitcoin that we are in by mistake ...

People are not tricked to invest in anything, investors are the ones that decide in which coin they want to invest, it is true there are dishonest people that are trying to get your money, but this market is based on your freedom to do as you wish with your money and so each person is their own bank and are 100% responsible for what happens to their coins.

[Fedrey]

yea there are so many scam projects now and we have to be very careful on choosing the ones we want to invest into. be sure you check their whitepaper and details of their team members

in order to verify the authenticity of members of the  team of a company, first of all you need to spend a lot of time analyzing information about each person. In addition, you need to collect a large database so that you can search for this information somewhere.

[Ranly123]

This year we have witnessed many scams projects that we have invest in more than others years.  I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.

Scammers can be kicked in ICO market only if they are detected. The problem here is how could we detect a scam ICO? It is hard to know a scam and a serious ones to we have to be very careful in choosing the best ICO for our investment in this way, we can minimize the risk of joining from it.

[raptorez]

Scam projects start to amaze with their scale, because I haven’t seen such a number of scam projects for a long time, of course I can be wrong, but it seems to me that today out of 10 projects 5 projects will definitely be scam projects.

[jardine]

Scam projects start to amaze with their scale, because I haven’t seen such a number of scam projects for a long time, of course I can be wrong, but it seems to me that today out of 10 projects 5 projects will definitely be scam projects.

Yes, and i can say more - these 5 project who is not scam and have honest and skilled team, with real backgrounds, linkedin,
computer science degrees etc - they just can not do what they declare.

They sure wish develop a working product, which is make a revolution, become a new facebook or twitter, or new kind of internet,
but their goal just to high to reach. Only few of them can do this.

And, i think 95% of current crypto projects, just will wipe out from the market in the near 2-3 years.