Don't blame the idea(ico) blame scammers

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All of this blame game could have been put to rest if there is a standby regulatory commission for Crypto at large, there is a lot of fraud going on because there is no centralized regulations which have even make some legit project to not have enough support because everybody is watching his/her back in order not to be victim of scam ICO.

there has been a lot of anticipation not to be a victim in a scandalous ICO but as a result there are still many ICOs who are scam and there are some investors who have been hit by scams, usually they use tricks to lure investors to look convincing.

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[FoBoT]

I totally agree with you that the idea should not be blame but I partially agree with you that the scammers should be blamed because scammers capitalize on the loophole in the ICO system and enrich themselves illegally against their conscience the reverse might be the case if there are tight financial control measures like that of IEO are been put in place, the implications of that will make the project ideas to be well implemented.

[aioc]

Am making this thread because of the numerous wrong perception  seeing. So people are actually castigating cryptocurrency and initial coin offering idea for loses the made through it rather than really seeing the cause of the problem.

Initial coin offering is one of the great ideas in cryptocurrency and we know that it was efficient in 2017. Through initial coin offering some great coins of today where launched people keep overlooking the good attributes initial coin offering has offered but are busy bringing it down the more and making all hope of initial coin offering being as it once was hopeless.

It's too bad Scammers stated getting involved  in initial coin offering and projects without logic and idea also got involved but this doesn't mean good and real project are not involved or want to get it but the stigma had made developers develop cold feets

PS . let's try finding ways to tackle the cancer(scammers, poor project) of the initial coin offering rather than contributing to killing it

ICO is flawed from the beginning because there is no regulation, it's every investor for himself to check if the project is legit and they are susceptible to hype, you can see a lot of ICO that was hype in the past and end up as shitcoin or investors running away with investors money, the idea is really wrong and scammers have exploited this.

[yvesp110]

Agree with author of this topic! Need to create some tool to check ICO if it scam or no, because ICO - it is good chance for many great ideas and innovations!

Well so far, the only reason to do so is to make sure they have a good project and that the project is profitable on the back of the tokens you invest in. The pure reason behind IEO success is the fact that exchange check the project if it is good enough to gain value. Had we had this same thing in ICO, we would have gotten huge returns for the money we had invested all this long.

[Mahanton]

PS . let's try finding ways to tackle the cancer(scammers, poor project) of the initial coin offering rather than contributing to killing it

This would be an unending job where tackling scammers devs and fraud project? Its unresolvable I would say.
This is why IEO is on the replacement of ICO's.We are seeing on whats happening on its and I can say that
it is the new trend as of this moment.There might be some projects would survive using up ICO but it wont really be much the same
as wayback before.

[jossiel]

Scammers will always show up when there's open opportunities for them to earned, it's been tackled before that everything that connects in gaining
profits scammers will be there to try his own chances, we can't blame anyone but us alone, if we do the right research before investing our money in
this sammers be avoided or it will lessen their participations.

All of those reminders that we're giving to the community, sad to see that there are still victims that are coming out and explains their mistake on how they have invested wrongly to a certain project and ICO.

Scammers will never think of their victims and what I'm saying about IEOs, just be vigilant. I don't say that everyone of them is scam but everyone has to increase awareness of every possible scam in each investment scheme that's coming out.

[rosezionjohn]

PS . let's try finding ways to tackle the cancer(scammers, poor project) of the initial coin offering rather than contributing to killing it

There is already a measure that's being implemented and that is regulating all these ICOs. Unfortunately for these startups gathering funds through ICOs, people have already moved away and are now in favor of IEOs.

[bitgolden]

Am making this thread because of the numerous wrong perception  seeing. So people are actually castigating cryptocurrency and initial coin offering idea for loses the made through it rather than really seeing the cause of the problem.

Initial coin offering is one of the great ideas in cryptocurrency and we know that it was efficient in 2017. Through initial coin offering some great coins of today where launched people keep overlooking the good attributes initial coin offering has offered but are busy bringing it down the more and making all hope of initial coin offering being as it once was hopeless.

It's too bad Scammers stated getting involved  in initial coin offering and projects without logic and idea also got involved but this doesn't mean good and real project are not involved or want to get it but the stigma had made developers develop cold feets

PS . let's try finding ways to tackle the cancer(scammers, poor project) of the initial coin offering rather than contributing to killing it

We still blame the ICO  because it shows that there is inefficiency in the system  of ICO which gave chances to scammers, IPO is also a means of raising fund, and has been in existence for years before ICO made it become not so popular again, how come all these years, there has never been a record of scam.

I know STO and IEO are still quite new, but all look safer for investors, a perfect system must really put the security of its users or investors in position, there are scammers everywhere, they are waiting for any system loop hole to hijack, and they hijack anyone that gives them chance to do so, so if ICO wants to function well, they need to stop resisting regulation and forget this anonymous of a thing.

[martychubbs]

As a matter of fact, we can't blame anyone at all bacuse it's a poor strategy.Out task is to get enough knowledge to pass such scams and mind our own business.

[InwardContour]

Personally I don't see anything wrong with the ICO concept to raise funds for a project as a crowd funding tool, but many team members have abused it already.  The biggest hit was last year 2018 seeing many crypto enthusiasts falling prey to scam ICOs. Let's just be careful and invest wisely. I think  IEO took the shine from ICO since its less risky.

[Bitcoin Smith]

Yes definitely scammers makes everything not successful at the end otherwise the the effort will be given by the people hundred percent in all the time but we need to appreciate them if it was successful also but we are blaming the projects only.

[shakesbear]

Many people dont think and invest in the project, lose money and then blame everyone around, it happens not only in cryptocurrency. And sometimes the projects turn out to be unsuccessful, nothing can be done about it.

[asder250]

And when the idea is totally impossible to achieve? Then the team is not responsible for the idea and promises? That is the main reason why many ICOs die, they can´t achieve own goals.

[sana54210]

Am making this thread because of the numerous wrong perception  seeing. So people are actually castigating cryptocurrency and initial coin offering idea for loses the made through it rather than really seeing the cause of the problem.

Initial coin offering is one of the great ideas in cryptocurrency and we know that it was efficient in 2017. Through initial coin offering some great coins of today where launched people keep overlooking the good attributes initial coin offering has offered but are busy bringing it down the more and making all hope of initial coin offering being as it once was hopeless.

It's too bad Scammers stated getting involved  in initial coin offering and projects without logic and idea also got involved but this doesn't mean good and real project are not involved or want to get it but the stigma had made developers develop cold feets

PS . let's try finding ways to tackle the cancer(scammers, poor project) of the initial coin offering rather than contributing to killing it

Scammers have found a way to infiltrate the ICO system because it is so easy to get in and scam people, so instead of endlessly spending time to check if the project is ok and legit people are now turning to IEO which has become the popular crowdfunding platform, it's really the scammers that should be blame so investors has no option but to leave it.

You see mate, there is no system that is safe when it comes to security, as good and big as Binance is, they still got scammed by a professional hacker, and do we say that they don’t have enough security in place? Even this IEO that we are talking about, believe me that very soon, scammers will infiltrate and hijack it too and it will start from YOBIT.

The rate at which Yobit is releasing IEO projects from time to time within a short period of time, I wonder when they have the time to do research on them, and I am having a feeling they are just picking any projects that approaches them randomly. So instead of killing ICO completely with our mouth, we just have to push for regulation.

[Kotone]

ICO is a source of fund of new start up project. In my opinion, lots of people invest were totally mixed up kind of people. Those are the one with experience on checking the project and its details while some are just hooked with the hype of the admins or management they are interacting. Those people usually have some sweet words and will let you invest.

If people can learn to understand to do RIGHT research then they will not get scammed. I think most of the people got scammed are the one who is being swayed by the sweet admin.

[10c]

And when the idea is totally impossible to achieve? Then the team is not responsible for the idea and promises? That is the main reason why many ICOs die, they can´t achieve own goals.

There are ambitious projects and you can invest in them but a very small amount of money. if such a project can be realized then your investments will grow by 1000 times and if not then you will lose a little money