Cheaters . who caused the cryptocurrency to go down

[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.

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[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]

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[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.