Cheaters . who caused the cryptocurrency to go down

[ohyeahhaha122]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

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[coin-investor]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

It's actually long overdue, the industry needs transparency and regulation, but the big question is the structure and who will run the regulation, and how transparent they are going to be, remember we all thought rating sites are going to help us scrutinize every project, but they end up conniving wit these dubious projects.

IEO is a lifesaver for investors if not for this, investors will turn their back to crowdfunding and they will just buy coins in the market.

[stompix]

I think there needs to be a company specializing in combating fraudsters.

There is one already and you have access to it, it's called common sense, just use it

IEO is a lifesaver for investors if not for this,

IEOs are just well-disquised scams, that's all.
So they pay a fee, you buy their tokens and....what guarantee do you have those tokens will be worth something? None!
But you fall for it because the useless token is already on an exchange and you feel like this gives them some kind of legitimacy. It doesn't.

Just because you know the team, you know where their office is, they are listed on an exchange, they are paying articles to promote themselves is not a guarantee it will not turn into a scam. Remember bitconnect?Centratech? How would have an IEO saved you from it?

[Upgate]

You must mean bounty hunters cheaters those joining a particular bounty with multiple account. They are more in altcoin bounties they are so greedy that not only do they have multiple account the still lay their hands on articles with different account also

[amyshek1979]

I believe there is the company who's specialized in controlling fraud already - SEC.

[kryptqnick]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

If the guesses of other people who replied above are correct, you're talking about Initial whatever Offerings that used to be popular and some even very successful but are mainly in the past now. If you're talking about ICOs, IPOs, and IEOs, then I disagree that there are many good projects and that it's bounty hunters ruining everything. If we need a watchdog, it should probably focus more on the projects themselves than random people online trying to make some money. And the responsibility for abuses should be on the organizers of Bounties. I believe so because the amounts of more in these two cases are very different, so the risk is much higher with the projects themselves.

[pixie85]

I believe there is the company who's specialized in controlling fraud already - SEC.

And what if the fraud happens outside the US? Also doesn't the SEC only fine people? They Can't put you in jail there has to be a trial for that. There were people who stole a lot of money then paid the SEC some money and walked free with the rest.

What project are you talking about OP? If somebody was able to cheat the system by using farmed accounts you should rather blame those who gave him that opportunity and that was the team behind the ICO.

[AmoreJaz]

I believe there is the company who's specialized in controlling fraud already - SEC.

And what if the fraud happens outside the US? Also doesn't the SEC only fine people? They Can't put you in jail there has to be a trial for that. There were people who stole a lot of money then paid the SEC some money and walked free with the rest.

What project are you talking about OP? If somebody was able to cheat the system by using farmed accounts you should rather blame those who gave him that opportunity and that was the team behind the ICO.

and to make things straight, fraudsters or bounty cheaters are not the main reason why a project is bound to fail or is failing.
the op should take into account what percentage of the total coins or tokens are allotted to these bounty programs and evaluate for himself if that would greatly impact the destiny of the project!
they are normally a very small percentage as compared to how much the team are raking for themselves.
there are projects who are blaming their bounty hunters who are dumping their tokens but that is the main reason why they joined the bounty, to sell their share afterwards!!!
if the op is still blaming those hunters then i guess he's not looking at the bigger picture here...

[harizen]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Who are these cheaters you are talking? Bounty hunters? And what is the project?

If it's about the bounty, there's an allocation for that to the point that even all of it was used to dump, it can't really bring much down its price once it was listed on an exchange. $5,000 worth of rewards that will be dumped by that cheater will not really affect the whole market of that coin.

Don't just blame the bounty hunters while these projects die. There are lots of factors to consider like market situation etc. And at most of the cases, these projects, even coming from a successful ICO, can't able to maintain and follow their development plan and roadmaps and will just leave their investors hanging without any updates.

[Herbert2020]

there are really a lot of very good projects.

this is the mistake you are making which leads to your confusion about altcoin price dumps and you think it is some sort of cheating behind the scene by some malicious person killing the "good project".
the reality is that the projects are shitty. at least 95% of the altcoins have no reason to exist but they do. so obviously they have to die. and that is exactly what's happening. they lose value and slowly die. so in other words what you see and are confused about is a very natural thing in this market.

[TheBeardedBaby]

I saw a person who created a lot of accounts to cheat and eat over 5000 $.

Where did you saw this person? Give us some more info so that guy can get what he deserves. You guys have to understand that if you see something wrong you have to act not sit aside and complain.

If we don't take actions to stop those scammers how can the common people accept the crypto currency as a secure solution. They just gonna ignore everything crypto related and never come back.

[target]

Its the whales who wants to accumulate more btc who controls the market, its them that causes the price down. Of course those who sell in low price but that's just it. If you panic, they win. Bounty cheaters just earning pennies but those early investors will dump before bounty cheaters collect some usds.

[carter34]

I think there needs to be a company specializing in combating fraudsters.

There is one already and you have access to it, it's called common sense, just use it

IEO is a lifesaver for investors if not for this,

IEOs are just well-disquised scams, that's all.
So they pay a fee, you buy their tokens and....what guarantee do you have those tokens will be worth something? None!
But you fall for it because the useless token is already on an exchange and you feel like this gives them some kind of legitimacy. It doesn't.

Just because you know the team, you know where their office is, they are listed on an exchange, they are paying articles to promote themselves is not a guarantee it will not turn into a scam. Remember bitconnect?Centratech? How would have an IEO saved you from it?

I think your idea is right in some sense that they have hid themselves in exchanges so that investors would believe they are real but I think is still better than not being listed at all.

Now, with the coin in exchange, you can also sell if you are lucky before a shit project gets dumped finally.

[Janation]

I am more curious how did you saw that person creating a lot of accounts, I mean, did he call you and show that he's doing those accounts and scamming people?

By the way, this is a decentralized community, it is hard to track people and that is why they can create multiple accounts and scam people. That is the reason we need to be more knowledgeable since if we investors can identify a legitimate project from illegitimate project, scammers will stop doing what they are doing. Another thing is that not all of these projects are planned well that is why despite garnering a lot of investors, their project still failed.

[pieppiep]

I don't think cheaters can make a project lose their money because if that happens, then there is something wrong inside their project. They should know that the cheaters can participate in their projects, and they need to prevent that thing. If they cannot handle that thing, then yes the project will fail.

If we say about the rewards for the bounty hunters, the rewards are not too big depends on the total amount of the tokens so the team can cover their losses by using another strategy. It is their job to prevent the bad thing that will come to their project, and they need to know how to solve the problem.

There are a lot of projects but only some of the project which can get success and if the project success then maybe we can call that the project was good enough to compete in the market.

[hd49728]

OP,

It is so easy to blame on cheaters for failures of crypto projects, but the fact is cheaters don't have kind of huge negative effects like that.
They usually dump their coins/ tokens that they received by cheating, but what do they have after dumping all those cheated coins / tokens? Nothing.

Additionally, cheaters obviously cheat Facebook, Twitter, Instagram, Steemit, but please tell me: "Have all those platforms gone down due to cheaters?"

[Kakmakr]

The ICO scene actually introduced the Bitcoin scene to a lot of new scammers and cheaters, because it was a easy way for people to present a "fake" project under the cover of a anonymous persona and also using a pseudo anonymous payment method.

To make things worst was the this was being done during a time where legitimate ICO's were making millions and these scammers preyed on people's greed. Advertising was also very easy, because they used large social media platforms to advertise these "Get Rich, quick schemes" ...but things have changed now that large social media has banned Crypto currency based ICO's. 

[cr1776]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

It's actually long overdue, the industry needs transparency and regulation, but the big question is the structure and who will run the regulation, and how transparent they are going to be, remember we all thought rating sites are going to help us scrutinize every project, but they end up conniving wit these dubious projects.

IEO is a lifesaver for investors if not for this, investors will turn their back to crowdfunding and they will just buy coins in the market.

It isn't really clear what OP is talking about, but the industry just needs people with common sense.  People who think it is reasonable to "earn" 5% per day with no risk don't have that.  Likewise these projects if they are awarding coins without doing some due diligence have no reason not to expect to get taken advantage of.  It is the projects that need to reform their practices.

[goinmerry]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Let's changed the story, let's say if ever an investor dumps a $5,000 worth of tokens that bought during ICO, you will assume that the project will surely fail?

Don't blame those cheaters. If you will look at the bounty allocation, only few go to the bounty program and that $5,000 worth of token is just a small portion of that bounty allocation. Just do the math from there.

If you are talking about bounty cheating inside the forum's premises then report that user to the mods with complete details and proofs.

[airdropdude]

I think there needs to be a company specializing in combating fraudsters.

There is one already and you have access to it, it's called common sense, just use it

IEO is a lifesaver for investors if not for this,

IEOs are just well-disquised scams, that's all.
So they pay a fee, you buy their tokens and....what guarantee do you have those tokens will be worth something? None!
But you fall for it because the useless token is already on an exchange and you feel like this gives them some kind of legitimacy. It doesn't.

Just because you know the team, you know where their office is, they are listed on an exchange, they are paying articles to promote themselves is not a guarantee it will not turn into a scam. Remember bitconnect?Centratech? How would have an IEO saved you from it?

This is absolutely right, I've been wondering also what because I'm always like does IEO guarantee that a project is good? . Although I've been into cryptocurrency since 2016 but I fell into several traps.
I see a right answer here because I wanted to participate in an IEO which took place in Bitforex month ago but I was late.
Now, when I check the token, I see it far less than the IEO price and many investors are not happy in their Telegram group.
Definitely, IEO doesn't mean a project won't turn out to be scam and No IEO or ICO doesn't mean its not scam also as I can think. We just need to use our Brian not heart.

[Leonardo7]

The problem lies partly on the bounty managers. We have many dishonest hunters which are causing harm to the project. The BM, should always employ Proof-Of-Authentication "POA" post which they have always have done, and participants should always sign up with google form and IP should be tracked, and proxy IP tracked too, and the part of authentication using telegram can be incorporated too, and a project can partner with a third party to detect multiple accounts. all these are just few steps to getting rid of cheaters.

[LogitechMouse]

Cheaters are like viruses to the IEO's and ICO's already and they are growing in a rapid rate. What I mean is in every ICO or IEO that is launched, there will still be cheaters on it. It is either the bounty hunters, the investors or the team itself.

The success rate of the ICO right now decreased drastically within the past 3 years including this year because of different cheaters. This is one of the reason too why most investors doesn't want to invest in ICO already or IEO unless a popular exchange launched it.

[izanagi narukami]

Your opinion still vague.
But one things for sure that someone called cheater can't be alone to affect bitcoin value globally.
They must be in group because crypto getting complex from time to time !

[hd49728]

Cheaters != Viruses.
There are lots of cheaters with Bitcoin and Bitcoin faucets in the past, but they did not force Bitcoin down. It is same for ICO, IEO, or altcoin projects. Only weak teams force their projects down because of incapable to develop their projects technically, and are unable to build up big communities.

[Leo]

. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

that is why kyc is being put in place,  projects that requires kyc from participants will suffer less dump,  because only few participants will enroll

If you take a good look at project that requires kyc,  the number of participants is far more lesser than those project which does not conduct kyc. So In my opinion kyc is the solution for now

[BitBustah]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

There are cheaters in every business, its not something you can prevent.  From Fifa officials rigging big matches to retail employees stealing from their place of work.  Its just human nature for a lot of people to want more and it will never be completely prevented.

[Kemarit]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

I guess that's one drawback of being (psuedo) anonymous in this market. One can hide and used a lot of accounts to cheat one or multiple projects at the same time. But I don't think that this could be the biggest problem why projects die. They die simply because their project doesn't add something to the crypto verse. If your project is something unique then it could still flourish and survived whether we are in the bearish or bullish trend. The problem is that most is not unique per se, and when taken advantages of fraudsters and pump-and-dump groups, it can't recover, specially when the hype die down.

[inoes]

lots of cheating, from scams, multiple spam and dump accounts. related to project safety, it seems that the team itself must have the initiative, for example there are two new channels, dubbed security token offerings (STO) and initial exchange offerings (IEO) worth testing, to understand what is really needed by each opportunity.

[peter0425]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

If you had learn about cheaters the you must create a reputation thread about this person or report to those thread created for something bad doing here in crypto because if you just let them continue their bad habits here then surely this community will die in future
We need to do necessary actions if we found things that is not fair for everyone

[Herbet Fry]

I very much doubt that "cheaters" are the downfall of crypto projects. That is just silly. A real project won't fail no matter what.

Why are you worried about cheaters? You worrying about the wrong thing. Worry about the projects cheating us no the other way around. Why do you want to protect them?

[Gahs]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

It's actually long overdue, the industry needs transparency and regulation, but the big question is the structure and who will run the regulation, and how transparent they are going to be, remember we all thought rating sites are going to help us scrutinize every project, but they end up conniving wit these dubious projects.

IEO is a lifesaver for investors if not for this, investors will turn their back to crowdfunding and they will just buy coins in the market.

The last IEO I partook in wiped off 85% of my investment.
IEOs are not that better than ICOs...
Lesson learned.

[TalkStar]

Scammers always try to commit their fraudulent activities on popular areas. Nowadays crypto is the most popular thing because of its large community. Its the main reason why scammers are targeting crypto related projects for committing their scam game. As like as in every second we are getting new users on crypto world on the other hand bunch of scammers are recruiting too.

I will be happy to get the complete description what actually you are trying to say through this post. Its kinda tough to understand the exact meaning of your thread.   

[maydna]

I guess that will be a mistake because that project cannot control who the cheater is. At least they can minimize the joining of a cheater in their project. They can use many ways to prevent a cheater from taking a lot of profits from the other members. If that happens, then I guess the project needs something else to make sure their project will be safe from the cheaters, although that will be difficult to do.

I think you can see that some project already hire a company to prevent cheaters, and some of them are using KYC to avoid that thing. But if using that way cannot stop a cheater, then there is something wrong with both the project team and the company.

[TIDOVEE]

I have always believed the ICO & IEO are setup to help reduce scam and fraudsters especially to favour crypto users.
Even KYC is supposed to reduce fraudulent acts. Now, irrespective of whoever is securing our account. We are also responsible for the safety of our account.scammers are everywhere now voraciously looking for who to victimize. Beware!

[migws]

In my opinion it should create a special register based on the Blockchain in which there will be all information about the crypto projects its workers and creators. If the project turns out to be fraudulent, then all participants automatically fall into the block list and everyone will know that these people are scammers and their project is a scam. This information will be recorded on the Blockchain and this will help to protect people from scam projects as much as possible. To get into this registry, each project owner must register it on a valid official site. So how do you like such an idea?

[finaleshot2016]

Cheaters are like viruses to the IEO's and ICO's already and they are growing in a rapid rate. What I mean is in every ICO or IEO that is launched, there will still be cheaters on it. It is either the bounty hunters, the investors or the team itself.

The success rate of the ICO right now decreased drastically within the past 3 years including this year because of different cheaters. This is one of the reason too why most investors doesn't want to invest in ICO already or IEO unless a popular exchange launched it.

That's the reason why there's a lot of ICO and IEO that's failing due to improper way of promotion because of cheaters. It's also the reason why some devs of the platform are escaping after the ICO because of bankruptcy and no one didn't invest. So there's a lot of scam projects that are existing until now.

--
Regarding about cheaters on bounties, I know someone in our local that have a lot of accounts and they're all in BTC paying signature campaigns. They're just filling the threads with fake conversation and that will lead to the destruction of our own community. The merits are just circulating on them and has a lot of advantages when it comes to debate.

I hope they get banned. 

[Coyster]

Cheaters are like viruses to the IEO's and ICO's already and they are growing in a rapid rate. What I mean is in every ICO or IEO that is launched, there will still be cheaters on it. It is either the bounty hunters, the investors or the team itself.

The success rate of the ICO right now decreased drastically within the past 3 years including this year because of different cheaters. This is one of the reason too why most investors doesn't want to invest in ICO already or IEO unless a popular exchange launched it.

Isn't that enough reason for one not to invest in ICO or IEO bounties, the chances of success are near zero and I consider it foolishness to keep taking that same risk all the time.

I would not blame the bounty hunters that cheat on the campaign or the investors, they actually have little evil effect on  the project. The team is the one to blame for the incessant failures of such projects, until they decide to work on what actually their project can offer to the cryptocurrency network, they'll continue to fail, not to talk of the fact that most of them are scammers waiting to run away with investors money, leaving them with worthless coins.

[sehoon]

IEOs are just well-disquised scams, that's all.
So they pay a fee, you buy their tokens and....what guarantee do you have those tokens will be worth something? None!
But you fall for it because the useless token is already on an exchange and you feel like this gives them some kind of legitimacy. It doesn't.

Just because you know the team, you know where their office is, they are listed on an exchange, they are paying articles to promote themselves is not a guarantee it will not turn into a scam. Remember bitconnect?Centratech? How would have an IEO saved you from it?



[/quote]


Does this go without saying that all IEOs are scams? From my experience, I really don't have any good experience with IEOs though. But I do join bounties that have something to do with it. This is a thought provoking statement and I never thought of this before and just joined the hype.

[Oyarebu]

You must mean bounty hunters cheaters those joining a particular bounty with multiple account. They are more in altcoin bounties they are so greedy that not only do they have multiple account the still lay their hands on articles with different account also

Absolutely correct mate, the problem is with the breeding investors and the breeding bounty hunters. Many projects have prospect and with good team but, the big problem come in through these greeding micrants in the name of invest or promote the project. Until we have shun ourselves of greediness, we will be seeing projects going down on daily basis as we have seen in the past. Regulations should be the only remedy to this market, and we need it at this time.

[Coyster]

This is a fact, after MB8 coin ICO some hunters that cheated the bounty earned more than usual and after the said token got listed, few weeks later the market crashed because of the dump of the coin which is 99% from the hunters that cheated the system...

So because a few hunters actually got more coins than they ought to, the project crashed and you believe the project would have survived had it not happened that way, I do not quite agree with this.

It's in the nature of bounty hunters to dump coins on listing, forget about if a few got a little more than they actually were supposed to, and it's normal that after such dump the project would experience a nosedive for a particular period of time, but a good project would always recover from such slump and still survive on the market, for the fact that a project crashed that way and never recovered is a sign of a bad project(fault of the team)that probably had nothing to offer in the first place.

[jostorres]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Bounty cheater are not the main reason why projects do fail because that can easily be controlled by the developer and even if bounty cheaters are cheating, the company still meet up with the target of the fund they are raising over time, we might have bounty cheaters, but that is not to say that all the people that participated in the campaign are cheaters.

These projects usually fail after the project fund has been raised, and that is the responsibility of the developer to protect the fund by utilizing it which they don’t, so these developers themselves are the cheater because they are only for the money and not the projects, while I agree that we have some fraudsters that do allow projects to die after they have been launched by Hacking them, but that can easily be controlled through a simple regulation.

[meanwords]

It's not like cheaters are able to destroy a legit project though, it was the project that has destroyed itself. Bounty hunting is but a small portion of the whole portion of the project. No matter how many bounty hunter dump, they are still insignificant if the project is legit and has a proper innovation. Cheating is always wrong but I doubt they are able to destroy a project.

[yazher]

I don't think cheater will cause the project to go down. If you are referring to hunters with multiple accounts then it was not a problem as every project has bounty fixed allocation in which the more the hunters that they are is the more the fixed allocation will become small when divided.

I believe that he was saying about those hunters that have some multiple accounts, that's why when I see a legit project they often use the method of KYC to be able to participate in their campaign because this is the only way to prevent those cheaters for joining with their multiple accounts but the consequences is a little bit risky though.

[slaman29]

Cheaters are like viruses to the IEO's and ICO's already and they are growing in a rapid rate. What I mean is in every ICO or IEO that is launched, there will still be cheaters on it. It is either the bounty hunters, the investors or the team itself.

I would not blame the bounty hunters that cheat on the campaign or the investors, they actually have little evil effect on  the project.

Are you sure?

I've seen projects giving out 5% of their bounties and raise a moderate amount of money, and then come listing day 5% of tokens are dumped, mainly by cheaters who send all their tokens to a main account to dump on exchanges on listing.

OF course, what do you think happened to the price now?

And when you spend all your allocation to promote but it actually went to cheaters who promoted to bots. You have nothing left and your project gets a bad reputation for being shilled and spammed.

That's a terrible effect!

[shark1006]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

If we are talking about ICOs, then there is an SEC that separates scam projects from the true. If you want to have a profit, take part in IPOs on large exchanges or just trade, it will be with the maximum trust

[Finestream]

I think you are referring to bounty cheaters here.

Well, we cannot avoid those cheaters as they are everywhere, and it should not be blame to them, instead, blame it to the project operator as they are the ones who are in control, and they should be aware that cheaters do exist, if they are aware, they can always make some good measures.

Anyway, I think this is still not the main reason why the project fail, the main reason is the lack of quality of the project which boils down on how the team handles the project because bounty allocations are limited but the money they can attract could be unlimited if the project has a great potential as investors will surely see that.

[suhadi88]

Fraudsters become the biggest problem in crypto. It decreased the quality of the ICO project because many fraudsters utilize the project. It is natural that many projects have failures and investors lose money.

Fraudsters make ICO and IEO's reputation a negative. So, I personally strongly agree when there is a team that checks to combat the scammers. And to improve the quality of the ICO project.

[whtchocla7e]

Your post reminds me of bounty hunters who cheat using more than one account, even those who use dozens of accounts with bonus programs. The money they receive when they sell will affect the value of the project.

[Dungmmo]

For other platforms, ROI is a huge barrier of evaluation. But with Tokoin, ranked in the top, Tokoin has proven extremely competitive with other applications.
#Tokoin #blockchain #MSME #Kucoin #global

[ene1980]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die.

I would like to have some clarity regarding what you are trying to explain here, who created lot of accounts to cheat what and what does a good project has to suffer when some random people create a lot of accounts  . The success of a project depends upon the quality of innovation they are coming up with with and if they are of no good it will die off and no third person can scam any project.

[bitgolden]

No one but the biggest fish on the market can control the price of bitcoin

Whales are the ones killing cryptocurrency the more, and project developers are not helping matters too by selling huge amount of the coin to them and giving them so much bonus on it, these bonuses they give these big fishes are the ones causing the cryptocurrency to go down anytime they dump it.

For cryptocurrency to get back to the shape where it is meant to be, developers have to start from their own end first and they need to make sure that they regulate the way they give bonuses out, if not for their own selfishness too, they should have limit to what someone can acquire. I know that they want to meet up with their hardcap as fast as they can, but they have to also consider how they will keep the project ongoing in the future.

[Reid]

So this aint bitcoin discussion again.
What you are referring at are those ICOs right?

Yeah it did happen. So why the hell this question pop out again.
We have our good moderators here and also those who hunt these scammer and they did a great job by doing that.
The problem is if it is outside this forum then it will be a different story.
Difficult to catch. The internet world is so broad.

[retnoanjani]

It's not like cheaters are able to destroy a legit project though, it was the project that has destroyed itself. Bounty hunting is but a small portion of the whole portion of the project. No matter how many bounty hunter dump, they are still insignificant if the project is legit and has a proper innovation. Cheating is always wrong but I doubt they are able to destroy a project.

There is the truth. The allocation for bounty hunters is usually only 1-2% of the token sale, the effect of destroying the project is very small, if the project is strong from various aspects, especially trust in shaping the market, then prices can develop as they should. Well, bounty hunters are often blamed, but if the developer can anticipate it, it won't be a problem. Cheater is an uneducated bounty hunter.

[FlightyPouch]

Your post reminds me of bounty hunters who cheat using more than one account, even those who use dozens of accounts with bonus programs. The money they receive when they sell will affect the value of the project.

At first I thought bounty hunters will not affect the market but when they recieve their shares, usually they quickly sell it in the market with a low price. Obviously it is not a lome hunter and there will be a lot of more them selling their shares with lower price than the first one, that could really affect the price and the project as a whole.

[akeda]

To combat fraudsters, I think we need to provide strict rules. And KYC I think is very important on a legitimate project. Forming a company of Kusus to handle various coins, especially for the problem of fraud, I think a good idea. Their job is to watch and detect spammers. This may be a difficult job because this crypto has no legal entity.

[AmoreJaz]

It's not like cheaters are able to destroy a legit project though, it was the project that has destroyed itself. Bounty hunting is but a small portion of the whole portion of the project. No matter how many bounty hunter dump, they are still insignificant if the project is legit and has a proper innovation. Cheating is always wrong but I doubt they are able to destroy a project.

There is the truth. The allocation for bounty hunters is usually only 1-2% of the token sale, the effect of destroying the project is very small, if the project is strong from various aspects, especially trust in shaping the market, then prices can develop as they should. Well, bounty hunters are often blamed, but if the developer can anticipate it, it won't be a problem. Cheater is an uneducated bounty hunter.

both good perspectives on this topic. bounty hunters allocation are actually insignificant as compared to the team or private investors. so why they keep on blaming these hunters and even going after for the cheaters? they will always be there no matter what but should not be looked at as the major reason of projects failure!
 the fate of the project relies mostly on the team's strategies to combat adoption and actual implementation of their plans.
the team should not mislead the true reason of their failure because it is crystal clear when you are closely monitoring them.

[Herbet Fry]

No... That is an excuse for a company to fail. What cheating are you even talking about? Bounty gives out a set amount of crypto. How does that make a project fail? Get real man.
You should be talking about protecting the bounty hunters and investors not protecting the devs. You have it all wrong.

[Ozero]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

From the point of view of the ICO team, in principle, they all the same take part in the signing campaigns of persons with multiple accounts or not. For them, it is only important that this work is carried out efficiently. The requirement that everyone has only one account is an internal rule of this forum only. However, I do not see any relationship between the violation of this forum rule, as well as the complication of the ICO or the fall in the price of cryptocurrency. Now in general, both ICO campaigns and forum participants have become noticeably less. It has become very difficult for bounty hunters to work, because their work is either not paid at all now, or is paid symbolically. It remains only to hope that the tokens that we sometimes get will someday still grow in price, and will not remain a dead weight in our wallets.

[Herbert2020]

You should be talking about protecting the bounty hunters and investors not protecting the devs. You have it all wrong.

"bounty hunter" is just a fancy word for those users who are advertising a product through different methods such as signature campaigns, twitter,... they only deserve protection and sympathy if the "product" they were advertising were legit.
but when what they are advertising and help grow is a scam ICO project, then they deserve being ripped off and they do not deserve any kind of protection or even discussion in my opinion.

[xSkylarx]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Imo this is not the cheater's fault and I'm sure he's not the only one that did it. If the team don't plan well their promotion and don't think of possible loopholes for people to abuse it then one or more person would really earn plenty of money from it. I know some people who even don't sleep just to grab that chance to earn.

What the team can do about this is limit the number of accounts per IP, ban the use of disposable emails and if possible newly created emails can't register for their promotion.

[Free1bitco.in]

some people do try to cheat to get a lot of prizes. because of this, some companies require to use KYC for every participant who wants to participate. it is very useful to avoid people who want to advertise a project with multiple accounts for their interests. now almost every project requires to verify KYC so that they avoid these accusations.

[nicecrypto]

You must mean bounty hunters cheaters those joining a particular bounty with multiple account. They are more in altcoin bounties they are so greedy that not only do they have multiple account the still lay their hands on articles with different account also

Yeah I think that's exactly what the OP is referring to, most bounty face such dishonest people participating in it, the bounty manager can more or less do anything about it, he can only fish out the not-so clever one's, in reality, people who use more than one account to participate in bounties are many in a particular project, it is unfortunate, but thanks to kyc.

[barbara44]

some people do try to cheat to get a lot of prizes. because of this, some companies require to use KYC for every participant who wants to participate. it is very useful to avoid people who want to advertise a project with multiple accounts for their interests. now almost every project requires to verify KYC so that they avoid these accusations.

Not like I am supporting those who are using multiple account, but that s not the major thing that is killing the crypto currency now or making projects to die, those who are using multiple accounts only comes in when the project is beginning to make money, and it is only when they make money that they pay them, and this stops as soon as they are through with the campaign, and the moment they are through with the campaign, they stop the payment except some few projects that still hire some when they become fully operational.

The real things that kills most project are even investors reward and whales, whales are the real cheater here, they buy these coin in large quantity during ICO and then dump when the project enters exchange, and that is the main problem that I need these projects to really tackle first for them to become solid.

[Mandoy]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

People are greedy and they want to earn online and they want to take advantage of the freebies. Such as the airdrops there are a lots of airdrop catchers who will make multiple accounts so they can receive a lot of airdrops. I know some of them and even though you tell them not to they will tell you that you are just jealous that they get more tokens than you. But this kind of people does not really the cause of the failure of a certain cryptocurrency. One of the biggest reason are the following:

1. Competition

There are a lot of cryptocurrency being launched through IEO's and ICO's and so peoples attention is divided. The winning team will be the one who have the huge sales.

2. Lack of starting capital

This is one of the reason why ICO's fail and the reason is that the developers and the CEO just launched a cryptocurrency to earn profit and does not have sufficient funds to run the project. They rely on the sales but the sales are not enough.

[bounceback]

It might also be true when you say that many projects spend their money to promote their projects but are used by fraudsters but we cannot confirm it is true or not by creating their fake accounts to get lots of prizes maybe they also don't make fake accounts but they hunt down prizes with commission results from the referral system because if we look at every project that promotes projects there must be a referral system.

[Artemis3]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Attempting to manipulate (or state control) the economy is like trying to hold a river. You can stop it for a while if you build a closed dam, but eventually the water will overcome it, no matter how tall, water will always find its way back into the ocean. Of course, the higher the wall, the stronger the impact after its been surpassed.

Little projects (ie. tokens) are easier to manipulate, and pump/dump exploiters have existed ever since trading exists. You do know 5k isn't even 1 bitcoin? Maybe all whales together can no longer affect bitcoin price beyond a few points, while a "half" whale can crash any random new ico/token. There are of course also cheaters/scammers that never intended to make the project they promised, but the small honest ones are also at the mercy and if they didn't think in advance, they get swallowed.

Its just one more reason to stay away from those.

As for regulations, some countries have done it, but an universally world prosecuted thing, doesn't exists. Which is why you see countries like China banning the icos altogether.

I also got scammed by my own government in a State ICO pre-sale. Who do i turn to, the UN?

[Oneandpure]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Many cheater use fake account to promote some ICO or IEO project, they take advantage with $5000 for earn money from promoting ICO and IEO, cheater will be every where and you are an ICO or IEO owner have very careful when you promote your project to them, looking trusted person who you can promote your link and give advantage with many investor are interested to invest on your ICO or your IEO.

[Gotumoot]

So KYC is there, but why? Many complain when ICO has KYC?

To be anonymous or to not know that you are a cheater.
To not use ID in bad activities or to not know that you are cheater?

This is why, So regulation is needed but who?

[Youghoor]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

First and foremost, why will you think that cheaters are the cause of the down fall of cryptocurrency?  Cheaters are not the reason why some cryptocurrency go down. Personally I see cheaters as one person trying to the do the work of two or three people.  What really caused cryptocurrency to go down are;
1.improper planning of its project
2. irrelevant of the crypto coin to the crypto ecosystem and market
3. greedy project managers
4. low market volume

[Kambal2000]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Many cheater use fake account to promote some ICO or IEO project, they take advantage with $5000 for earn money from promoting ICO and IEO, cheater will be every where and you are an ICO or IEO owner have very careful when you promote your project to them, looking trusted person who you can promote your link and give advantage with many investor are interested to invest on your ICO or your IEO.

If a certain project is legit, many real investors will spread their project, so some project doesn't want to do bounties, as they know that hunters will just dump the price, I don't say that hunters are cheaters, as they have been part of ICO/IEO success, but for now, sad to say, projects almost don't trust the work of hunters anymore.

[Astvile]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Many cheater use fake account to promote some ICO or IEO project, they take advantage with $5000 for earn money from promoting ICO and IEO, cheater will be every where and you are an ICO or IEO owner have very careful when you promote your project to them, looking trusted person who you can promote your link and give advantage with many investor are interested to invest on your ICO or your IEO.

If a certain project is legit, many real investors will spread their project, so some project doesn't want to do bounties, as they know that hunters will just dump the price, I don't say that hunters are cheaters, as they have been part of ICO/IEO success, but for now, sad to say, projects almost don't trust the work of hunters anymore.

Each company has their own strategies on how they will spread their ICO or IEO. Most preffers bounty because this forum is already big and they are offering social media bounty which has more population compared to this. Having many bounty hunters will result to more publication about their company so more gets interested. Some uses some big personalities to promote.
There are some big project who has real investors that turned out to be a scam, no one is safe from scam in cryptocurrency world unless you understand and research about an company youre going to invest in.

[erickastella]

we cannot prevent that, they do it because they are not satisfied with the prize given by the project, if compared to the bounty I think there are bigger airdrop players using multiple accounts, if discussing bounty it could be a bigger prize than airdrop but it's difficult because you have to use an account that may be legendary or sr.member to get a lot of stacks, therefore maybe bounty players run to airdrop because the prizes offered are much bigger.

[BChydro]

IEOs are just well-disquised scams, that's all.
So they pay a fee, you buy their tokens and....what guarantee do you have those tokens will be worth something? None!
But you fall for it because the useless token is already on an exchange and you feel like this gives them some kind of legitimacy. It doesn't.

I agree completely with your observation and i am sure it will be a new form of scam projects with the help of exchanges and all they need to do is to pay the exchanges initially and then they could collect a shit ton of money and then pump the coins for a while and dump everything in the market.

Just because you know the team, you know where their office is, they are listed on an exchange, they are paying articles to promote themselves is not a guarantee it will not turn into a scam. Remember bitconnect?Centratech? How would have an IEO saved you from it?

Scams come in different form and there is nothing you can do about it and that is a fact, the scammers will also improvise with the trend and in the next two years we will talk about billions lost in the IEO market because of scams.

[Edraket31]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Many cheater use fake account to promote some ICO or IEO project, they take advantage with $5000 for earn money from promoting ICO and IEO, cheater will be every where and you are an ICO or IEO owner have very careful when you promote your project to them, looking trusted person who you can promote your link and give advantage with many investor are interested to invest on your ICO or your IEO.

If a certain project is legit, many real investors will spread their project, so some project doesn't want to do bounties, as they know that hunters will just dump the price, I don't say that hunters are cheaters, as they have been part of ICO/IEO success, but for now, sad to say, projects almost don't trust the work of hunters anymore.

Each company has their own strategies on how they will spread their ICO or IEO. Most preffers bounty because this forum is already big and they are offering social media bounty which has more population compared to this. Having many bounty hunters will result to more publication about their company so more gets interested. Some uses some big personalities to promote.
There are some big project who has real investors that turned out to be a scam, no one is safe from scam in cryptocurrency world unless you understand and research about an company youre going to invest in.

Having a bounty is a good tool to market one project, the success of project is a success of bounty hunters, so for sure hunters are doing their best shot to promote the bounty the are joining as there where some hunters who are also investing in a project once they have seen it's legitimacy.

[Mike Mayor]

If someone cheating bounty makes your project fail then it was a very crappy project, to begin with. I love how you blaming other things. Yes the project failed for eery other reason otgher then it was total crap to begin with. Whatever makes you sleep at night. Ridiculous topic.

To combat fraudsters, I think we need to provide strict rules. And KYC I think is very important on a legitimate project. Forming a company of Kusus to handle various coins, especially for the problem of fraud, I think a good idea. Their job is to watch and detect spammers. This may be a difficult job because this crypto has no legal entity.

You think giving your KYC to a stranger 100s of times is a good idea?? Ok tell me where you live and who you are? Why won't you? All I need to do is run an ICO and you will all of a sudden trust me??

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

Many cheater use fake account to promote some ICO or IEO project, they take advantage with $5000 for earn money from promoting ICO and IEO, cheater will be every where and you are an ICO or IEO owner have very careful when you promote your project to them, looking trusted person who you can promote your link and give advantage with many investor are interested to invest on your ICO or your IEO.

If a certain project is legit, many real investors will spread their project, so some project doesn't want to do bounties, as they know that hunters will just dump the price, I don't say that hunters are cheaters, as they have been part of ICO/IEO success, but for now, sad to say, projects almost don't trust the work of hunters anymore.

Each company has their own strategies on how they will spread their ICO or IEO. Most preffers bounty because this forum is already big and they are offering social media bounty which has more population compared to this. Having many bounty hunters will result to more publication about their company so more gets interested. Some uses some big personalities to promote.
There are some big project who has real investors that turned out to be a scam, no one is safe from scam in cryptocurrency world unless you understand and research about an company youre going to invest in.

Having a bounty is a good tool to market one project, the success of project is a success of bounty hunters, so for sure hunters are doing their best shot to promote the bounty the are joining as there where some hunters who are also investing in a project once they have seen it's legitimacy.

It is a brilliant marketing tool since it is free and that is great for crowdfunding.

[Genemind]

If you're trying to say that some bounty hunters are cheating and is causing new projects to fail, I guess that would be too impossible. There's only a small allocated percentage of the total cap for bounty campaigns so I think that isn't a reason enough for a certain project to fail. Fraudsters are everywhere and even bounty hunters were being scammed so both parties should only be responsible and skeptical.

[peter0425]

If you're trying to say that some bounty hunters are cheating and is causing new projects to fail, I guess that would be too impossible. There's only a small allocated percentage of the total cap for bounty campaigns so I think that isn't a reason enough for a certain project to fail. Fraudsters are everywhere and even bounty hunters were being scammed so both parties should only be responsible and skeptical.

Lol even if the bounty hunters cheat it doesn’t effect the project because the truth is the developers and team are the one who is victimizing the bounty hunters so the feeling is mutual
So the main reason why the crypto  is dropping is not the hunters but the team itself these scammers are taking money from the investors and the hunters not even paid for their works so they are just instrument of the scam even the truth is they wanted to cheat th project lol

[Wintersoldier]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

It's actually long overdue, the industry needs transparency and regulation, but the big question is the structure and who will run the regulation, and how transparent they are going to be, remember we all thought rating sites are going to help us scrutinize every project, but they end up conniving wit these dubious projects.

IEO is a lifesaver for investors if not for this, investors will turn their back to crowdfunding and they will just buy coins in the market.

It isn't really clear what OP is talking about, but the industry just needs people with common sense.  People who think it is reasonable to "earn" 5% per day with no risk don't have that.  Likewise these projects if they are awarding coins without doing some due diligence have no reason not to expect to get taken advantage of.  It is the projects that need to reform their practices.

I am certain that the op is pertaining to bounty hunters during the ICO stage. Well, what I can say is that, no mayter if there is a diversity of accounts, if people are influences to sell ahead their crypto, they will do it. As well as to say that a project is successful if it has a diversity of supporters or users. these number will determine the success of the project not the alts made by one person.

[Wintersoldier]

So KYC is there, but why? Many complain when ICO has KYC?

To be anonymous or to not know that you are a cheater.
To not use ID in bad activities or to not know that you are cheater?

This is why, So regulation is needed but who?

For me, KYC is a tool of some scam or fraud projects to look the same way as the legit. Though, it will limit the participants from joining, they can attract potential investors other than bounty hunters. In this regard, them, considered as scam or fraud induces the potential risk of selling information of the users whether a trader or a bounty participants. In short, we should be careful upon sending KYC, if were not sure, then stick to bounties that aren't requiring KYC but our intuition tells us that a particular project has a potential to succeed.

[matchi2011]

So KYC is there, but why? Many complain when ICO has KYC?

To be anonymous or to not know that you are a cheater.
To not use ID in bad activities or to not know that you are cheater?

This is why, So regulation is needed but who?

For me, KYC is a tool of some scam or fraud projects to look the same way as the legit. Though, it will limit the participants from joining, they can attract potential investors other than bounty hunters. In this regard, them, considered as scam or fraud induces the potential risk of selling information of the users whether a trader or a bounty participants. In short, we should be careful upon sending KYC, if were not sure, then stick to bounties that aren't requiring KYC but our intuition tells us that a particular project has a potential to succeed.

Which is much safer if you are not sure with the team who's asking for your personal informations, stick with non KYC projects though there's always
a risk of not being paid since there's a lots of projects around this industry, be very careful and keep trying to find good teams to support then earn your stake rewards with joy of helping the projects.

[panganib999]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

We are all being affected by the movement of the market cap, volatility and bitcoin price, and  each and everyone of us affects the market cap, volatility and bitcoin price that's why we need to be cautious and take everything inside the crypto space into consideration.
      That's why it isn't surprising that this inconsiderate and selfish act will pull the crypto world specifically the bitcoin's price down. We can do something about it by not buying their schemes and being careful and avoiding patronizing scam company's project.

[ivakar]

wait, it is not going to work this way because what you are suggesting is , basically, a censorship
crypto designed to be decentralized and to be free from censorship and control, yes, there is place for fraud, yes, but all you have to do to avoid it - is to study new project well, who stay behind it and do not invest to shady projects. that is not hard to do, it is just takes time

[xiboothrezi]

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

[Kupid002]

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

I dont think cheaters will be a problem . There is no guaranteed payment for bounties so why people will multiply his task for uncertain payment.
a chance to join a fraud is high if you will do continue doing it there is also a chance your effort  promoting a project will also be wasted.

[ReiMomo]

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

Absolutely. There are many frauds in the cryptocurrency world. Especially those bounty hunters. There are many users who use multiple accounts in order for them to be able to earn. So I would say that it is cheating and it might fraudsters as well the reason why bitcoin still doesn't know due to multiples accounts being used by the same person. That's probably the reason the project has a low count of investors. But if ever, that has a small effect not the overall outcome and it depends who is managing.

[gabbie2010]

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

Absolutely. There are many frauds in the cryptocurrency world. Especially those bounty hunters. There are many users who use multiple accounts in order for them to be able to earn. So I would say that it is cheating and it might fraudsters as well the reason why bitcoin still doesn't know due to multiples accounts being used by the same person. That's probably the reason the project has a low count of investors. But if ever, that has a small effect not the overall outcome and it depends who is managing.

In addition I believed anonymous use of cryptos gave room for all these cheaters In most cases KYC is not being mandated thus allow multiple accounts cheaters especially bounty hunters who will undermined the lay down rules so as to garnered or earn more money, Investors are now becoming more cautious in what to invest, in many occasions ICOs because of not being regulated and anonymous collects investors funds and ran into thin air, this is a common scenario now in crypto world thus causes cryptocurrency to be painted in a bad light.

[Zionatin]

I don't think this user is talking about bounty. You can't cheat a project with bounty. It won't affect them. Not sure what the OP is talking about tbh, I wish they would edit their post. You cannot cheat a bounty. If you make more then one account the same amount of tokens will still be sent out. The project won't lose anything. I don't actually see what the problem is really? So long as the work is good who cares?

After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.

I think there needs to be a company specializing in combating fraudsters.

To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.

Absolutely. There are many frauds in the cryptocurrency world. Especially those bounty hunters. There are many users who use multiple accounts in order for them to be able to earn. So I would say that it is cheating and it might fraudsters as well the reason why bitcoin still doesn't know due to multiples accounts being used by the same person. That's probably the reason the project has a low count of investors. But if ever, that has a small effect not the overall outcome and it depends who is managing.

Why would someone having more then one account do anything to a project? How does that hurt them? THe same amount of work is still done and the same amount of tokens are still given out.

[Ashong Salonga]

There different words for cheaters; scammer can be considered as cheater, thus, cheaters are one of the reasons why cryptocurrencies are going down. Their greedy attitude caused every coins to fall. If only, they are fair, maybe bitcoin is still in the high peak.

[qwertyup23]

What do you think about the project that spent a lot of money to advertise but was taken advantage of by cheater, I saw a person who created a lot of accounts to cheat and eat over 5000 $, there are really a lot of very good projects. but it is these fraudsters that cause those projects to die. I think there needs to be a company specializing in combating fraudsters. Cryptocurrency can grow

What controls the price of bitcoin is the law of demand and supply. Due to its supply being limited in the market (21 million cap), companies, organizations, or people who own majority of its supply CAN manipulate and control the price by selling/purchasing their stock.

People take advantage of its volatility by either investing short/long-term depending on its price fluctuation in the market..

There different words for cheaters; scammer can be considered as cheater, thus, cheaters are one of the reasons why cryptocurrencies are going down. Their greedy attitude caused every coins to fall. If only, they are fair, maybe bitcoin is still in the high peak.

Cheaters are not only the reason on why its price decreases. You need to understand that the law of supply and demand dictates the price of cryptocurrencies in the market due to its nature being limited in supply.

[btc_angela]

There different words for cheaters; scammer can be considered as cheater, thus, cheaters are one of the reasons why cryptocurrencies are going down. Their greedy attitude caused every coins to fall. If only, they are fair, maybe bitcoin is still in the high peak.

How are cheaters causing the price to fall? I don't see any connections. Cryptocurrency price are based on supply and demand if you forget. Greedy is another thing, and always when you are greedy in this game, you are going to lose in the long run. And you can't blame people from selling their bitcoin because this is a free market. If you don't want to be a victim here, then be smart.