Free1bitco.in
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September 16, 2019, 05:42:25 AM |
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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.
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nicecrypto
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September 16, 2019, 09:17:06 AM |
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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.
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barbara44
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September 18, 2019, 07:48:33 AM |
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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.
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Mandoy
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Aurox
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October 19, 2019, 12:43:07 PM |
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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.
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bounceback
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Vave.com - Crypto Casino
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October 19, 2019, 03:26:36 PM |
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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.
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Artemis3
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CLEAN non GPL infringing code made in Rust lang
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October 19, 2019, 03:44:29 PM |
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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?
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Oneandpure
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October 19, 2019, 04:10:26 PM |
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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.
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Gotumoot
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October 19, 2019, 04:58:27 PM |
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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?
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Youghoor
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October 19, 2019, 05:26:26 PM |
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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
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Kambal2000
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October 20, 2019, 06:54:09 AM |
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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.
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Astvile
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October 20, 2019, 07:05:33 AM |
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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.
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erickastella
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October 20, 2019, 09:51:22 AM |
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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.
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BChydro
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October 20, 2019, 11:57:51 AM |
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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.
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Edraket31
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October 20, 2019, 04:54:03 PM |
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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.
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Mike Mayor
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October 20, 2019, 11:45:59 PM |
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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.
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Genemind
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October 21, 2019, 04:30:57 AM |
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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.
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peter0425
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October 21, 2019, 05:03:27 AM |
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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
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Wintersoldier
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October 21, 2019, 05:07:28 AM |
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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.
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Wintersoldier
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October 21, 2019, 06:07:55 AM |
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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.
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matchi2011
Sr. Member
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Buy $BGL before it's too late!
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October 21, 2019, 06:14:13 AM |
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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.
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