Bad Devs and CEOs

[Greatchu]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

[X-ray]

The main thing that must be needed and this will end the scam dev and CEO.
Any ico team must be registered in the regulator and it must be verified by a trusted party. To be registered in the regulator the team must be provided with all of their documents that can't be faked. But it looks like we are following the wrong way when investors become a party that already forced by the dev to provide their documents to the developer but the correct situation must be the team provide their identities to the investors.

[Red-Apple]

the problem is that they have been creating garbage and people have been buying that garbage at an extremely high prices and then they complain why the price of their bags of garbage comes down gradually!
in this process these "devs"  become richer and richer. as a result, it attracts more lazy devs to create more garbage to sell to the same people!

its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

no, investors are gambling and that is what they get.
if they spent a little time researching the projects they wouldn't have lost any money. and by research i don't mean checking the website or the ads. i mean actually looking at the code, using the coin to see what it offers differently and a lot of other things.

[Jating]

Open and free market, and that will be the consequences.

That's why they have the nerved to show their faces in public and they don't care if they're going to scam us because we are very gullible and easily fall for their trick. That's why iCO are uncontrollable as this point and maybe projects even though very legit doesn't have the success they are hoping because the model is tainted already.

So if there is a KYC for bounty hunters, projects themselves should also do that so that we can file a case against them if they run with our money. Although majority didn't give a s**t, they are all after the money and will hide on some countries.

[jossiel]

They will be liable for those actions in the future. As an investor, you need to do your part of assessing all of those projects that you want to invest. Just because they attended a seminar and meetings, you think that they are good enough to invest.

It's the project itself that must be checked and you have to be meticulous if large amount of money is about to be invested.

[dirgayeah]

As another project before, blockchain adoption on their project are still a big dream. Always promising a sweat thing to investor with good concept is their responsibility. Not easy as looked, project become stuck and most of them are running away.

[mcnocon2]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

I agree but as far as I know there is no law that protects its investors from ICO that's why they do this all the time in every project. Its just really bad that they have to damage their reputation just to gain some money. This should have been stop and I'm waiting for the STO era that will eliminate scam and fraudulent activities.

[joseyphil82]

The main thing that must be needed and this will end the scam dev and CEO.
Any ico team must be registered in the regulator and it must be verified by a trusted party. To be registered in the regulator the team must be provided with all of their documents that can't be faked. But it looks like we are following the wrong way when investors become a party that already forced by the dev to provide their documents to the developer but the correct situation must be the team provide their identities to the investors.

X-ray, God bless you, your post is very familiar with a post i created some months back,infact this is the perfect solution to crytpo problem and scammers will be left out and they will leave crypto space in shame,i am hoping the upcoming regulation will introduce such services that will thoroughly investigate teams before allowing them to release their project for audience, Enough is Enough

[stadus]

Without strict regulation there are a lot of scams in the market, we need to understand first the status of the market in order to see how big the risk investing here. Even if they will be punished, but what about our investment, it will still be gone and we will consider it a loss.

This isn't new as its been known to us that majority of the projects in crypto are scams, in fact during the time when ICO was still popular, I read an article that 80% of the ICO are scams, so that would tell how risky it is investing in ICO.

[Bitbtc8]

New changes will enter crypto space the day strict regulations take over, freedom in crypto space is why scammers and criminals are roaming free,once regulation takes over scammers will be dealt with and crypto will be free of these fundraising criminals. The best advice i can give investors is to look deep before spending any penny on any project

[Ridwan Fauzi]

Most your statement can I understand easily but I still doubt with the reality that has happened to you, could you give the name one of the team that you mean here? It will be good for us to know more and take an example or even an experience of yours. Because I'm still palpate, is the teams that you mean are who success to lounch their project until their coins has been listed on the exchange but the token/coin price decreased a lot in end up? that is just my point. There is a lot of altcoins who meet decreasing price when they are success listed on some exchanges and I feel if the team still trying to make an update for their project it seems like it is not scam but it is just their investor find another coins who has an opportunity to gain a lot of profit.

[betty11]

It's a major source of concern in this space, and funny enough the fraudulent team even attend blockchain conferences they do this in other to give further credence to their dying project and lure more investors whom they take to the cleaner and rob them of their bitcoin. I just hope regulating laws deal with these useless scammers.

[10c]

I think that everyone who invests money in new projects now should approach this with the readiness that he can lose his money. Now new projects cannot be controlled by anyone, so what you are talking about now is difficult to achieve.

[Saisher]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

It's happening because they are not charged in court, and they are not  prosecuted and new developers seeing that those old developers who scammed investors, can run away with a lot of money tried to duplicate and even surpass their success, to the extent that they can show their real faces, to make the project appear real.

[Ben Shedly]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

Investing is only in those projects where there are developers who have experience in implementing successful projects, which showed that they were not crooks, and they are unlikely to be in the future. So you can trust such developers and buy coins of their new projects.

[DeepChipolino]

The main thing that must be needed and this will end the scam dev and CEO.
Any ico team must be registered in the regulator and it must be verified by a trusted party. To be registered in the regulator the team must be provided with all of their documents that can't be faked. But it looks like we are following the wrong way when investors become a party that already forced by the dev to provide their documents to the developer but the correct situation must be the team provide their identities to the investors.

Initially, crowdfunding does not involve providing data from people. I have not understood this situation for a long time: people who give money should provide information about themselves to those people who get this money. This is absurd.
In current conditions, I see only the following: each platform that can provide smart contracts should have a mechanism for accounting and control of the creators of the smart contract.

[nakata121]

we know that investing in a project has a big risk and of course we all know that if crime / fraud occurs, investors cannot do anything, because there is no specific organization to manage it, so that every consequence that can be invested by investors is of course at their own risk. In this case the investor must conduct research and validate the project idea before investing to minimize the risk of loss.

[serjent05]

As another project before, blockchain adoption on their project are still a big dream. Always promising a sweat thing to investor with good concept is their responsibility. Not easy as looked, project become stuck and most of them are running away.

We have seen several project like this, though I believe some of these project do not intend to scam people but then due to their lack of capability to pursue the project, and funds running out they are forced to shutdown without fulfilling their promised roadmap.  Who on the earth present their face and identity just to scam people?  Unless their profile is fake, those who exposed their identity would never intent to scam people.  They might be for the profit (other called it mone grab) but I think they really plan to deliver the project but were fell short both in talent and resources.

Though I would say, there should be a standards for startups before they can be able to have a crowdfunding thus a regulatory board is needed for this.

[disconnectme]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

There is no such thing in life as sure banker, you need to weigh in risk to reward before investing in any project and ICOs are not left out of this. For every Facebook there is also another Myspace out there. Until investors stop gambling with their money that is when all these scams will end

[cytpoway121]

Yes you are right; but some ceo/devs play their dirty game right
They complete ieo; list and ensure that trading was a success for a few months

And they quietly walk away from project development rendering the coin to get dumped and shit

[Bananington]

Bad devs and CEO are one of the major reasons why crypto adoption is retarded. Regulations will go a long way to curb this. We need more honest, devoted and experienced team members.

[lobat999]

Open and free market, and that will be the consequences.

That's why they have the nerved to show their faces in public and they don't care if they're going to scam us because we are very gullible and easily fall for their trick. That's why iCO are uncontrollable as this point and maybe projects even though very legit doesn't have the success they are hoping because the model is tainted already.

So if there is a KYC for bounty hunters, projects themselves should also do that so that we can file a case against them if they run with our money. Although majority didn't give a s**t, they are all after the money and will hide on some countries.

Though I must admit it must be hard to implement this kind of action due to geopolitical considerations I think there must be
some kind of an oversight body or a central authority to take a look into these kinds of frauds and prosecute those who are
responsible if found guilty of any wrong doing as I think that this is an important issue to be addressed as the crypto-industry
continues to grow.

[MrGGates]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

out there a lot of devs who have conducted seminars and interviews about their projects, but I wonder why they still do not run well even many projects that are scam or fail, is this the wrong project or the absence of investors make the project fail?

[maxreish]

Yes you are right; but some ceo/devs play their dirty game right
They complete ieo; list and ensure that trading was a success for a few months

And they quietly walk away from project development rendering the coin to get dumped and shit

And always ended up being a shitcoin. That's the sad reality. DEVs and CEOs are trying to make a false high hopes to all the investors and participants that their projects will going to be successful where in fact, their main goal is just to collect money and then ran away. I've joined once in a bounty projecs which disappointed me a lot because they are promising and always moved the dates where the distribution of the tokens are supossedly given. Those are the obvious not sincere moves of the team.

[Periodik]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

If my memory serves me right, there were already several crypto project personalities who ended up prosecuted because of their shady projects. If anyone can still remember, there was Centra, Titanium, Envion, and others whose developers and other higher ups are involved in legal cases. I guess some of the people involved are already serving prison terms.

What is needed actually is an initiative to file a formal complaint or case against these scammers and stick to it until resolved. This is going to be the hardest part, needless to say. Others are contented complaining through different platforms while the real culprit is still free.

[Ararbermas]

Actually mate based in my experience on some scam projects most of the dev's didn't show their real face wherein only anonymous photos and it's either fake profile and only the staff has a real face , and the partners also.  So be aware and let's spread this kind of strategy of some scam project . In order to help others as well how to choose the trusted one. 

[NoirSuccubus]

It is just because people are too lazy to actually look into the project details and don’t want to spend time in researching and making efforts. They end up buying shits at high prices and then eventually these shit coins come down and then these investors complaint.

[Greatchu]

Without strict regulation there are a lot of scams in the market, we need to understand first the status of the market in order to see how big the risk investing here. Even if they will be punished, but what about our investment, it will still be gone and we will consider it a loss.

This isn't new as its been known to us that majority of the projects in crypto are scams, in fact during the time when ICO was still popular, I read an article that 80% of the ICO are scams, so that would tell how risky it is investing in ICO.

Then maybe we need somekind of hold on investors fund? i mean what if developers are been forced to have back up plan for investors funds even if things go wrong? regulation should be able to deliver this kind of solution, if investors funds are somehow safe then we will have many new investors

[Akoldi_ibk]

It is just because people are too lazy to actually look into the project details and don’t want to spend time in researching and making efforts. They end up buying shits at high prices and then eventually these shit coins come down and then these investors complaint.

You can't just blame the people for falling to scam thinking thousands of people failed to do their homework. The truth is Devs and CEO with the intention to scam will never reveal that to anyone and the serious ones will go to the extent of obtaining necessary licences, only to slowly pull a beautiful exit scam.

[Lanatsa]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

Don't be surprised on having this kind of system due to lack of regulations that's why we are seeing this countless number of scams.
They can show up their faces but we cant sue them up when the project tends to fail in the end.This is the main reason why global adoption isn't really that
fast because traditional investors wont consider out crypto as an investment due to this reason.This is why in depth research is a must when we do talk about crypto investment
and you should not only look into their faces or appearance.Always look up on how capable they are and on whats the project is all about.

[fosco333]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

Indeed, bad peoples in crypto projects makes no investors come to cryptocurrency anymore.
Sometime maybe regulations are needed to prevent bad peoples running the project to scam others

[Kotone]

Dont easily attract with some of the pictures of conference these VEOs attending or showing in their social groups. Sometime it is just an edited photo from other people's or project's event. I see some already did it and the only thing can prove it is the people who attended that conference and can confirm their presence. So unfortunate that some CEO are being used as bait here doesnt even know their photos are used and being on a trip.

[Fundamentals Of]

The problem is that there will always be scams. Not just scams, there are also legit projects that will end up dead just like the scams. And if there are no regulations that will rule the market, the responsibility not to end up investing in scams and poor projects fall entirely to the investors themselves. And so as investors, we should learn to keep our guard high. We cannot be rush in investing. It is better to have failed to invest on a good project rather than investing on a bad egg. Every detail of the project must count and be thoroughly reviewed. 

[Jorge158]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

In such scenario where developers will avail themselves and organize meetups, seminars, presentation all in the name to create awareness of their project means the team is serious about the project. It is not always the case that some projects are scam, some may just fail to survive because of inexperienced team, unorganized strategies, bad advisor, no working product, low funds to continue project development. This is why, investors must look out for factors like these before joining the investment of projects.

[sana54210]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

Those things that you see them do are well planned scammed, because they know already that we don’t give a shit to anonymity again, and if you want to get our money for your project, you have to show your face, and that is why they do those seminars and even show their face, but they have a professional way they scam, they will never collect your money and disappear, never.

What they will just do is to list in on a shit exchange and then allow the volume to die gradually as there will be no new investors for it and most of the investors will dump it immediately they enter that exchange, if they manage to deceive us by ethereum big exchange, what they do is to dump the remaining unburned token and then crash the market to the project can silently die.

[cryptonewbie]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

We need to have a unified community that will bring these guys to book. Many of these devs and ceos lose their way along the line and then they discover how shitty and unworkable their project is and the next thing they do is to dump tokens and exit scam. This cycle needs to break and it will only do so when these dubious folks are brought to book.

[Byakuga]

Bad devs and CEO are one of the major reasons why crypto adoption is retarded. Regulations will go a long way to curb this. We need more honest, devoted and experienced team members.

Its good if we see more honest and devoted team members but if scammers are still around it won't change anything because some investors will still fall victim to these scam projects, facing scammers and giving them severe blows with strict regulation is the only way i can think of right now

[Koobtcgal]

This is the reason why sometimes I think introducing a strict regulatory body to control any form of token sale will be the best because any one at all just invest in a project by paying to exchanges and then they issue any amount of tokens and start selling to people. The worst thing is that sometimes, they do not even list an any better exchanges and investors realize that their monies are gone forever when the devs close down their site or stop giving announcement as at first.

[TimeTeller]

It might surprise you to know that some of the photos you see as the face developers are not even the people behind it. Most photos are made up, and same as the names.
There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.

This is the reason why you need to do your own digging on the project.
As some are using fake profiles, you can easily check it via Google image search.
If you are seriously investing a particular project, you need to put effort into it.
Very hard to go after them as there is no central authority for this yet.

[Oceat]

It might surprise you to know that some of the photos you see as the face developers are not even the people behind it. Most photos are made up, and same as the names.
There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.

Well, if someone wants to support a promising project they should do their own research first before giving money to any random people over the internet. Knowing them will give you a better chance of making a profit of the said project in the future.

[htsy585]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

This is what most well meaning cryptocurrency enthusiasts would want to control or reduce to barest minimum crypto fruads perpetrated by criminal developers and only sec or a ranking regulatory body can offer this. The problem however lies in control and administration of this ultimate power given to the regulatory body

[Micerker]

Many projects try to profit all investors, but that is not possible because the bear market has made things worse. Many investors accepted dumping and negatively affected the project, turning the project into a fraud project. However, there are still many profitable projects for all investors who believe in it.

[stadus]

Many projects try to profit all investors, but that is not possible because the bear market has made things worse. Many investors accepted dumping and negatively affected the project, turning the project into a fraud project. However, there are still many profitable projects for all investors who believe in it.

Small projects will be having a hard time to survive in the bear market, even an old project which already has a great volume have dropped with a significant value, ETH for example which dropped to 100 usd from more than 1K usd, that's the effect, however the good thing is that the dev are still here.

In small project manage by a non reputable devs, you cannot expect its long term, maybe we were attracted to invest in small cap project because we some some success in the past, that is just because of a good market, but in times of bad market, they won't survive and they can choose to disappear since the market is not regulated yet.

[SistaFista]

It will be difficult to put scammer ceo and team into the jail if they have not show their face.
That's why we need to researching about the team project before investing on them.
Some press meetup or media from the team will be good for the project to invite more investors.

[Jorge158]

This is the reason why sometimes I think introducing a strict regulatory body to control any form of token sale will be the best because any one at all just invest in a project by paying to exchanges and then they issue any amount of tokens and start selling to people. The worst thing is that sometimes, they do not even list an any better exchanges and investors realize that their monies are gone forever when the devs close down their site or stop giving announcement as at first.

Regulation is good to keep checks on projects and to also eliminate the scam projects. This is why some exchanges such as the tier one exchanges like Binance, Kucoin, Coinbene etc has taken upon themselves to run some checks on the project before they host the IEO on the exchange. Some of the checks include provision of the information about the team and proof of documents about the project. This helps to eliminate the scam projects to a certain good degree.

[wedosgibas]

Yes, to overcome this, we need a trusted international institution to screen and test new projects in cryptocurrency. Somehow they started, this would be a good solution.

[BITDV]

It's looks like they fight only in the begining right? Actually they fight continously even after got some fund from ico. But most of them can not manage investor money and also bring product to adoptions. I knew some of dev/ceo deliver their products to public, but if public user not use it, it wont give anything.

Whatever money they have, it wont survive and grow without real business, real adoption.

[ethereumhunter]

The bad developers can do whatever they want to get the money, and even they will show the good face to the public. But still, they are difficult to gain the money from the investor if they don't show the seriousness to work in their project. But the investor now becomes smart to choose the right project, and I think the investor will have some feeling to know which is the bad and the good project. The bad developers will not have a chance to gain money because the investor will try to find more information about the project.

[maman567]

Almost an ICO dead because bad dev and CEOs of some ICOs project, they make ICO have lower price after listing on exchange market and look not serious for listing on great exchange market.

[BitcoinHunt3r]

I think people should change their mind about ICO. Maybe yes, ICO is something that can be profitable. But maybe people's mind change to, ICO is something risky that i actually don't know how it will be in market. If people know about that, maybe they will be more careful with what they invest. Because for me, i wouldn't know what will happen with token that i bought from an ICO after end sale.

[zabir.brutov]

The major problem is to detect such teams at the beginning. They can even seem professional but when it comes to a stressful point, where good management is needed, they are very likely to keep silent or even withdraw with all the money.

[Ken_terrance]

It might surprise you to know that some of the photos you see as the face developers are not even the people behind it. Most photos are made up, and same as the names.
There may not be any straight forward way to prevent them from setting up scam projects to suck people dry but one of the best way to prevent this is for investors to stop falling into their pit.
If investors do not pay them attention, they don't gain anything and simply close up the project.

Only those who are willing to do researches will find the answers, using google image search is one of the ways to find answers to fake photos from fake teams, most times they use stolen pictures change the names but google image search is smart, it can reveal the real image and real names of photos

[slashz9]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

Question, how to find out, who is good/bad, there are many scam project,and not only in bad project, maybe in good project we can find team,dev who not honest. although blockchain for decentralized, they always find way to hide their bad deeds.

So if there is a KYC for bounty hunters, projects themselves should also do that so that we can file a case against them if they run with our money. Although majority didn't give a s**t, they are all after the money and will hide on some countries.

and this is online, they not really know where these people are, only with confidence hoping they're good people and not scam them

[bvg96634]

The teams must prove their identity to the investors. I think this will correct the way of looking, as it will provide a more through and transparent look into the matters. But we all are going the wrong way in which the investors are the one who provide the documents to the developers.

[stephanirain]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

They are making a bad reputation not just for themselves but also to the whole industry of cryptocurrencies. The main issue that I observed to most projects that failed is that they don't have a realistic goal and the investors are the ones being left behind. That is why it is difficult now to find a new project that you can really trust.

[Pinkris128]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

The only thing I can see to stop those bad projects is to blacklist those developers and ceos that created the scam projects. It will be difficult to determine which projects are the legit. But there is a golden rule that if the project is too good to be true, it is a scam. We just need to be extra careful where we put our money because not all risks are worth the effort.

[ecnalubma]

This is the most strong reason why we need regulations, we should learn from the past and improve the present. These kind of people should be put prison  and get punished. Tokensales should be treated like or same model as  IPO's of stock markets, SEC should also imposed strict compliance through this we don't need fake ICO rating sites anymore.  

[qiman]

This is the reason why now we are no longer investing in any blockchain project. We will only now accept free coins and keep some and sell some. We have one investment left and if that does not pan out then we will just write it off. I am only doing some altcoin jobs now as a hobby in my spare time as I have a day job now and this is just for trying to collect some extra money to put aside as my day job earns me little income, but enough to live on at least. Instead of playing video games, I do a few altcoin tasks. There are though too many scam DEVS AND TEAMS in this niche now.

[SolarWindMiningCompany]

This is the most strong reason why we need regulations, we should learn from the past and improve the present. These kind of people should be put prison  and get punished. Tokensales should be treated like or same model as  IPO's of stock markets, SEC should also imposed strict compliance through this we don't need fake ICO rating sites anymore.  

Bad developers are majorly the people who corrupted the industry and why we are largely in this mess today. Immediately they understand the technical skills behind blockchain, they created their own coins and sold a lie to the crypto community claiming its better than bitcoin. Many people bought in but have gone rekted. Take a statistics and you will see that majority of these altcoins with bad devs now have not delivered a single promise it made to the community. We need strict SEC actions against devs

[mdzahed134]

Devs and CEOs are trying their best but  cryptocurrency market is bear. Some scammer devs is doing fake seminar like go there and submit some pictures. Before update fork Ethereum news, Ethereum also took a correction.

Many good successful projects devs unable to keep their promise and they showing greedy activities. Before ICO they present many things those sound are really promising but when finished token sell those promise will never implemented. Team development are play very vital role to make in every good platform. Yeah, without good Photo session project will never good reach that's why many dev's try to make fake photoshop and those picture will promote by twitter and website.          

[MonsterV]

This is the most strong reason why we need regulations, we should learn from the past and improve the present. These kind of people should be put prison  and get punished. Tokensales should be treated like or same model as  IPO's of stock markets, SEC should also imposed strict compliance through this we don't need fake ICO rating sites anymore.  

Bad developers are majorly the people who corrupted the industry and why we are largely in this mess today. Immediately they understand the technical skills behind blockchain, they created their own coins and sold a lie to the crypto community claiming its better than bitcoin. Many people bought in but have gone rekted. Take a statistics and you will see that majority of these altcoins with bad devs now have not delivered a single promise it made to the community. We need strict SEC actions against devs

I don't think there will be any action by SEC before bitcoin is recognized. But I also hope that SEC will do that because we need strict regulations for new crowdfunding in future. The number of CEO or Dev is a liar because there are no clear regulations on crypto crowdfunding, this opens up opportunities for scammers.

If SEC cannot make regulation, I hope that there will be a non-official institution that can certify new projects in future. Where every new project must comply with these non-official institutions, so investors can be far safer than scammers.

[CaptainKid]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

Fraud projects are a really hot topic and problem in the cryptocurrency industry, but it’s very difficult to completely eradicate and identify fraudulent schemes. Therefore, at the moment, it is better to invest in proven coins in order to reduce the risk of losing your investment.

[magneto]

Talk about monetary incentive.

If there was any monetary incentive for devs and teams to put out coins with actual utility, realistic roadmaps, and practical use, then they would do so. But unfortunately, what the investors demand is quick and easy profit, and that results in the marketing departments of the majority of ICOs in existence hyping nonexistent vapourware up so that they can gain easy funding from these same investors.

This is a part of the reason why I no longer dabble in the ICO markets - it's just way too shady, saturated, and even unprofitable now.

[Winscosinally]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

You are right, scammers have turn crypto space into nothing but joke, they mainly focus on building projects to raise funds and exit the space and still come back with another project again, they do this repeatedly like its nothing and new crypto users keep falling vitcim,crypto is really in a big bad shape and we need to keep warning new investors

[cotton ball]

Bad dev or CEO make many ICO scam and many investor lost their money, they not respect with many investor want to buy their coin have raise hard cap but the dev and CEO never listing their coin with big market, just listed with shit exchange market and price lower than ICO, many dev never want to get higher fee pay for good exchange market although their coin sold out.

[X-ray]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

Fraud projects are a really hot topic and problem in the cryptocurrency industry, but it’s very difficult to completely eradicate and identify fraudulent schemes. Therefore, at the moment, it is better to invest in proven coins in order to reduce the risk of losing your investment.

More education to the people in crypto and this could lift this problem somehow, you can compare nowadays to in the past despite the amount of the project that become succesfull is now fewer, people are more smarter than before. in the past people could get lured into buying useless garbage coin like erc20 version of certain mainstream coin which the devs themselves are anonymous and crazy cash grabber but nowadays such coin will outright dumped by the people.
also I always see the lack of website that provide the list of the potentially scam project. maybe some people could fill that hole and get the benefit aswell.

[judeafante]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

If they happen to scam people that are located in the area where their project is located, it will be easy to prosecute them, but if they have scammed from the other side of the planet, then the victim must come to the scammers country or locality to file a case, that will mean these people will have to spend their time effort and of course more money again

[silversurfer1958]

We can't do anything to them when we send our money to them. blame your best friend for not checking the project more closely.
I have also invested in failure in many ICO projects and no one compensated that money for me, please take responsibility for our actions. One simple reason is that we are working in a decentralized market, which has a lot of social scum.

[Aabcde]

Bad developers or CEOs are born from greed for money. They make projects full of sweet promises. And if indeed they are serious, surely the money flows by itself. Why should they resort to cheating that endangers themselves. This bad developer is what makes the world of crypto increasingly negative. Especially for ordinary people who just jumped into crypto. There really needs to be regulations for new developers who want to launch their coins. This is to avoid deception.

[henmark]

This is the most strong reason why we need regulations, we should learn from the past and improve the present. These kind of people should be put prison  and get punished. Tokensales should be treated like or same model as  IPO's of stock markets, SEC should also imposed strict compliance through this we don't need fake ICO rating sites anymore.  

Regulation will still not completely get them out of the market, it would only reduce them to some extent, what we should work on too first is ourselves, I don’t know why some people are so dull that they will see that a project is not worth it, but in the name of risk, they will still put their money into it, thereby encouraging all the scammers to do more.

We need regulation, but even if the regulation comes, investors too need not to rely on the government alone, they also need to be very smart and be careful in the kind of project that they put money. There is need for every investor and every participant of these projects to do their own due diligent thoroughly before even getting themselves involve in a project that will scam them.

[barnes13]

Yes, you are absolutely right. Lately there have been many project teams that have attended a number of seminars and have been seen to be very active in several forums and communities. However, in the end it all ended up being a scam and they ran away from responsibility. Lately I have also thought in dealing with such cases, I think it would be better if all team members had to verify identity with third parties, and besides that they should be able to show proof of licensing for their company and be truly legitimate to operate. With strict regulations I think problems like this can be overcome and reduce the level of fraud on blockchain projects. We all know that at this time there have been many blockchain projects that have sprung up with unclear team members and even anonymous ones, they have not verified their data at all if it is real or only use other people's identity data. The second point is that they are very easy to mention the location of their company, but it all has no clear evidence, they don't have licensing documents to establish a company or other legality. I hope you can look carefully to avoid fraud from projects that lack credibility and transparency.

[lienfaye]

They are free to do garbage project to lure investors due to lack of regulation.

If there project is scam they can easily scape without trace because majority of them are using fake profile and identity.

Scammers keep on creating garbage since people are still buying it and thats how they can accumulate money. Its sad that up to now we cant do anything to minimize these scam projects that are existing nowadays.

[Strongkored]

Currently the way to scam is through IEO, some say if IEO is conducted on a large exchange there wil be a small risk of scam or can't be, because the exchange will not risk their reputation by being involved in a scam project, but even this actually invalid, there will definitely be a scam project that will doing IEO and conducted in big exchange,  first the they very serious to develope the project but the product never launch.

[Rodeo02]

They are free to do garbage project to lure investors due to lack of regulation.

If there project is scam they can easily scape without trace because majority of them are using fake profile and identity.

Scammers keep on creating garbage since people are still buying it and thats how they can accumulate money. Its sad that up to now we cant do anything to minimize these scam projects that are existing nowadays.

The only option is to stop investing on that crap project and stop promoting it also,.
but if investors continue doing it even they know what possible can be happen  then we cannot do anything its thier choice .
after too many lost money they will able to understand why they should stop it.

[cudora]

Those were always the biggest problem of every project. If team members or developers are too greedy, because they have collected a lot of funds, but do not want to spend them for solid exchange listings, they are very likely to fail to keep the price stable.

[Zeke_23]

They are free to do garbage project to lure investors due to lack of regulation.

If there project is scam they can easily scape without trace because majority of them are using fake profile and identity.

Scammers keep on creating garbage since people are still buying it and thats how they can accumulate money. Its sad that up to now we cant do anything to minimize these scam projects that are existing nowadays.

The only option is to stop investing on that crap project and stop promoting it also,.
but if investors continue doing it even they know what possible can be happen  then we cannot do anything its thier choice .
after too many lost money they will able to understand why they should stop it.

Investors have so many reasons to stop investing. But they still find one reason to invest it is because they want to earn a profit.
It is hard to know if a project is scam or not, that's whey they just invest in a project they think that is legit, we can't blame them, but it's their only way.

[Kupid002]

Those were always the biggest problem of every project. If team members or developers are too greedy, because they have collected a lot of funds, but do not want to spend them for solid exchange listings, they are very likely to fail to keep the price stable.

sadly but that was happen to most project right now. Other developer is also incompetent they cant make what is the real goals  and first plan for thier project after having the fund needed.

[Oneandpure]

This is the most strong reason why we need regulations, we should learn from the past and improve the present. These kind of people should be put prison  and get punished. Tokensales should be treated like or same model as  IPO's of stock markets, SEC should also imposed strict compliance through this we don't need fake ICO rating sites anymore.  

When use regulation for bitcoin maybe we need to control how price some ICOs after listing on exchange, I think is not best ideas if have institution want to manage how bitcoin and altcoin price, just give space for ICOs and IEOs after listing with higher and lower price, when price up just sell and when price dump we buy back bitcoin or altcoin.

[Aying]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

We cant take any disciplinary actions because they are not in a territory which we can take them down. but we can have the move to warn every users to avoid of this manipulators who are taking advantage to those newbie who still greedy and want to earn a lot on first stage. those kinds of dev's should disappear on crypto space. they are the one's who bring negativity. 

[leea-1334]

You can't fight fire with water all the time and expect that the industry will become nicer because we police it.

People simply have to understand that crypto means two things on one side of the coin. One thing means we have proper freedom for all our money and financial decisions. But this also means we also are responsible for our own safety and our own due diligence.

We cannot have 1 thing and not the other!

[tiang_tower]

Those were always the biggest problem of every project. If team members or developers are too greedy, because they have collected a lot of funds, but do not want to spend them for solid exchange listings, they are very likely to fail to keep the price stable.

This is difficult for us to analyze at this time, because when the project has been promoted, the project team and developers look very good and not greedy, and usually their greed arises when the project has begun to be successful and they want to take a lot of profit for themselves without caring to others.

[Kupid002]

Those were always the biggest problem of every project. If team members or developers are too greedy, because they have collected a lot of funds, but do not want to spend them for solid exchange listings, they are very likely to fail to keep the price stable.

This is difficult for us to analyze at this time, because when the project has been promoted, the project team and developers look very good and not greedy, and usually their greed arises when the project has begun to be successful and they want to take a lot of profit for themselves without caring to others.

i totally agree ,they will not release thier true nature if the project is still ongoing besides they will give more effort to project and make more move to make the project legitimate so investors will  trust them with thier money.

[Bonenx14]

Those were always the biggest problem of every project. If team members or developers are too greedy, because they have collected a lot of funds, but do not want to spend them for solid exchange listings, they are very likely to fail to keep the price stable.

This is difficult for us to analyze at this time, because when the project has been promoted, the project team and developers look very good and not greedy, and usually their greed arises when the project has begun to be successful and they want to take a lot of profit for themselves without caring to others.

i totally agree ,they will not release thier true nature if the project is still ongoing besides they will give more effort to project and make more move to make the project legitimate so investors will  trust them with thier money.

unfortunately the background of the team cannot be widely known by investors and the community. to find out the nature of it we don't have much access to. it so I personally think to focus on the project they are making and find a little information about the team

[TRONTON]

their main reason is still around the business, and their development considerations are not guaranteed to be sustainable, what's worse is they don't care at all about those who buy their coins.

because there is no regulator for this, make sure their project makes sense to be potentially accepted by the market. The range of their roadmap that is too long also looks bad, if they are determined to sell to the public, it should not be a prototype anymore.

[rahmatullah9305]

Fail with a different scam in intention, but the perceived effect applies the same, ie the prize hunter does not get anything, for investors, there is an option to refund (for those who fail).
And to tell fellow bounty hunters, don't underestimate our dignity because of carelessness, cheating, and thinking of yourself. We must not be oppressed by the rules in this forum, because we also have a place for opinions.

[key4co.in]

their main reason is still around the business, and their development considerations are not guaranteed to be sustainable, what's worse is they don't care at all about those who buy their coins.

because there is no regulator for this, make sure their project makes sense to be potentially accepted by the market. The range of their roadmap that is too long also looks bad, if they are determined to sell to the public, it should not be a prototype anymore.

Everything boils down to regulations, if Team members are not guided by any laid down regulations, many scammers will keep bringing up new projects. If there are regulations, the funds raised via token sale will be on record and if the team fails to deliver their plan, they will have questions to answer or face the law. Unfortunately, that's not the case, we just have to be careful when investing.

[dfktynby1004]

In order to influence these people at the legislative level, the loyalty of US regulators to the cryptocurrency is necessary. To date, this loyalty has not been achieved. Maybe in the near future China will help us in this? But I can't believe it. Until the state approves the bill on the legality of cryptocurrencies and ICO fees, we should not hope for changes in this area.

[prehisto]

I believe that you are not mixing things up here, devs or in full name developers are people who are hired by CEOs and their teams to work for them for money and do what they are told. They are not to blame. This comes down to not only promotions ans project quality but also to their decisions with their tokens after they are succeseful in reaching their targets.

[nanaimogold]

You can't fight fire with water all the time and expect that the industry will become nicer because we police it.

People simply have to understand that crypto means two things on one side of the coin. One thing means we have proper freedom for all our money and financial decisions. But this also means we also are responsible for our own safety and our own due diligence.

We cannot have 1 thing and not the other!

Aptly put mate. I quite agree with your analogy although I still think that our Devs and CEOs who are part of major stake holders of this cryptocurrency market still have alot of good roles to play at this younger stage of the cryptocurrency market till it grows. Or don't you think so?

[Patrix_1]

There is always a bit of everything involved if the project has failed. Sometimes it really depends on the market, but in 98 percent of cases, the projects failures are coming from incompetent team behaviour and decisions.

[amonymous]

This is the main thing every project depends on the team developing and CEO experience but at this time i see no have any good skills CEO and Dev. So if you want investment those projects then you need follow us Dev skills with their team members and everyone profile bio.

[biddicoin]

it makes bad image in cryptocurrency, so people wont have interest again if it repeats continously

from that problem, every investors should really know who devs are. check their bio, chat them, ask any criticize questions, so on. so we will know how the devs quality.
we must really understand the project developed too, so, not snare by shit project

[huu78]

Their habit is very greedy. When their project is made by many teams that are not transparent instead of their original photo, then they make the ICO until some round,
not it is greedy once? After sufficient funds, they run only part of the project only for listings on exchange and then not taken care of and ended.
In my opinion, this is a kind of scam that makes investors not believe anymore in models like this.

[cutesgirl]

the problem is that they have been creating garbage and people have been buying that garbage at an extremely high prices and then they complain why the price of their bags of garbage comes down gradually!
in this process these "devs"  become richer and richer. as a result, it attracts more lazy devs to create more garbage to sell to the same people!

its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

no, investors are gambling and that is what they get.
if they spent a little time researching the projects they wouldn't have lost any money. and by research i don't mean checking the website or the ads. i mean actually looking at the code, using the coin to see what it offers differently and a lot of other things.

Agree investor are gambling way how to earn profit with ICO and IEO coin because they faced with two option lost or get profit with investment, when you try gambling site you only have two ways get profit by win and lost your money if not lucky, by investing in IEO you take risk with get profit but have ready when your altcoin investing is not profitable with lower price after listing.

[Bonwin]

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space...

This is what SEC has always stand for. It does not matter whether their identities are known, but that will they be able to protect the interest of their investors. If developers are asked the question of how they intend to protect investors, most of them will fail the test, because they do not have any concrete thing in place and they lack the technical expertise.

[desticy]

My friend is a crypto space. We all wish that fraudsters who deliberately deceive people and steal their money should be in prison. However, it is rather difficult to do without proper regulation.
As you said, developers can participate in conferences, shine their faces, do everything to be believed, and then disappear with money. And it’s difficult to find them, and even more so to put them in jail.
The only thing that can be done is to disseminate as much information as possible about them so that in the future they can no longer deceive anyone.
Also, when regulation comes, I believe that they will be rewarded according to their deserts and they will sit behind bars, after having returned all that was stolen.

[Absolutep]

Scammers that claim to be CEO and Dev are all around in crypto sphere but the truth is that there is nothing anyone can do about except we refuse to buy into there project. Don't buy into there project.

[quierx16]

Not all of new projects turn to scam there are some projects that really fail and we cant  blame them because of lots of new projects investors are divided unlike before there are few projects and all of them are legitimate.

[matchi2011]

Not all of new projects turn to scam there are some projects that really fail and we cant  blame them because of lots of new projects investors are divided unlike before there are few projects and all of them are legitimate.

The hypes are gone and the pumpers are already changing paces finding new coin to support. It's now hard to find which new introduced project
that will exist and able to compete with other old coins that exist around the market.

Old times has long been forgotten so it's time to move on and find real reason why you need to buy or support new projects.

[desticy]

Not all of new projects turn to scam there are some projects that really fail and we cant  blame them because of lots of new projects investors are divided unlike before there are few projects and all of them are legitimate.

The hypes are gone and the pumpers are already changing paces finding new coin to support. It's now hard to find which new introduced project
that will exist and able to compete with other old coins that exist around the market.

Old times has long been forgotten so it's time to move on and find real reason why you need to buy or support new projects.

I do not agree with you that it is now difficult to find a good project for investment.
A good project is always in the public eye about it, it is in the tops of rating sites, which means it is difficult to miss. Yes, there are few good projects now, but they are, this is the main thing.
Examples of good projects, unfortunately, can be given only in the IEO format, on exchanges such as Binacr, Okex, Huobi, Gate, Kucoin, all of them show excellent results in almost all of their projects.
This means only one thing, that if you wish, you can easily find where to invest your money even if it takes some time and is associated with certain difficulties, but you will be sure that you will receive your profit and your funds will be safe.

[H1N1]

Right, some disciplinary acts will make cryptocurrency world scammers reduced.
But how ? You can suggest the community if you have some suggestions.
Nowadays, it is very hard to find a good and real one project because there are many projects unable to raise enough funds.

[nasipadang]

The problem is how to know that dev only wants to cheat except from the identity record track, but the identity can be disguised or use another identity. When developers promote their projects, developers usually behave well without, dev or CEO will show their ugliness when they get a lot of investors. I just agree that devs should be dealt.

[vintages]

This is why many are advocating for regulation though.
But the truth still remains that when caught or termed bad, you have nothing tangible to hold them to against.
They will say that they went to conferences and so as an act of marketing the project for the benefit of investors at the end, the project falling is not their fault, they will claim.
What's should be done is prevent low quality projects and any one who do not have certain from setting up ICOs.

[erickastella]

yes I strongly agree, the once beautiful world of crypto is now increasingly gloomy because there are many people who misuse their ability to make projects, instead of making good projects so that in the future it develops better and instead makes projects fool everyone.

[xiboothrezi]

Let's think calmly. If basically the development team is really a professional person, not fake, if what is expected from the development of the project is not on target then the project does not develop and ends up scams in the eyes of disappointed supporters. Moreover, the market situation is not conducive, only projects that are really strong with a good market capacity can survive.
Indeed, most of the current projects are not strong enough, seem to follow along and only take advantage of the hysteria of a booming market, but do not last long. We must be more selective, don't waste your money just to support projects that are not clear. For now, if you want to invest the safest in new tokens or coins is to choose IEO in global exchanges such as Binance, Okex, Kucoin, and other exchanges with a good reputation. Because the exchanges will not be careless to accept cooperation agreements with fake projects in order to maintain their good name.

[reality18]

Bad developers are the major bane to cryptocurrency progress of our time. They are the cause of the paradigm shift in the interest investors had for ICOs to IEOs. Bad developers and CEOs have tarnished the image of cryptocurrency with their unsuccessful and scam projects which leads many investors to run losses after investing huge sums of money. It is good to read ore about projects before joining in order to escape these bad developers.

[macchiato]

This is a decentralized world. No one is in control. The only shield investors have is proper research. Know whether these developers and CEO have history of scam projects. It's hard yes, but it's worth it.

[imutlinda]

Bad developers are the major bane to cryptocurrency progress of our time. They are the cause of the paradigm shift in the interest investors had for ICOs to IEOs. Bad developers and CEOs have tarnished the image of cryptocurrency with their unsuccessful and scam projects which leads many investors to run losses after investing huge sums of money. It is good to read ore about projects before joining in order to escape these bad developers.

yes therefore many references that say to look for developers who have a lot of experience. because the history of dev and ceo influences the superiority of the project they made, not just from the profit but more to the prospect of the project. If the dev or ceo has a lot of experience, every project they handle has a characteristic

[upyem2k]

Until there is a standard regulatory body regulating the cryptocurrency projects and investments, these devs and CEOs will keep having their ways scamming the populace of cryptocurrency investors and going scot free.

[TanakabZX]

Even KYC implemented projects still scam people and nothing is been done about it, i think the freedom is way too much that is why anything can happen in crypto invests, we just need to be on alert because there is assurance that scammers will keep targeting us

[joseyphil82]

All i know is regulation will still eliminate some few steps, like scammers who are bold enough to show their faces on video and still scam people as if nothing is going to happen will be dealt with, there will be fear and crypto will see more interest from investors, i think regulation is the answer

[tambok]

All i know is regulation will still eliminate some few steps, like scammers who are bold enough to show their faces on video and still scam people as if nothing is going to happen will be dealt with, there will be fear and crypto will see more interest from investors, i think regulation is the answer

Yes, hope that we will have national regulations for it, but for now, it is not yet possible as we will have a lot of considerations before that. So, right now, since we are free to decide whether we will join bounty, to invest, then we should take extra precautions about it. We should not just invest without thinking too much.

[Katashi]

Even KYC implemented projects still scam people and nothing is been done about it, i think the freedom is way too much that is why anything can happen in crypto invests, we just need to be on alert because there is assurance that scammers will keep targeting us

KYC is only applied for investors and i do not see it to give assurance that the project will not turn to scam, unless the team members itself went through KYC so if they run then investors can easily sue them because their identity is exposed. the best solution for this is for investor to become more vigilant and intelligent so they do not feed those scam projects.

[10c]

All i know is regulation will still eliminate some few steps, like scammers who are bold enough to show their faces on video and still scam people as if nothing is going to happen will be dealt with, there will be fear and crypto will see more interest from investors, i think regulation is the answer

Yes, hope that we will have national regulations for it, but for now, it is not yet possible as we will have a lot of considerations before that. So, right now, since we are free to decide whether we will join bounty, to invest, then we should take extra precautions about it. We should not just invest without thinking too much.

they will not appear for a very long time. I see that the government does not understand how it is possible to regulate this area. they make assumptions but cannot take any concrete measures

[glendall]

All i know is regulation will still eliminate some few steps, like scammers who are bold enough to show their faces on video and still scam people as if nothing is going to happen will be dealt with, there will be fear and crypto will see more interest from investors, i think regulation is the answer

Yes, hope that we will have national regulations for it, but for now, it is not yet possible as we will have a lot of considerations before that. So, right now, since we are free to decide whether we will join bounty, to invest, then we should take extra precautions about it. We should not just invest without thinking too much.

they will not appear for a very long time. I see that the government does not understand how it is possible to regulate this area. they make assumptions but cannot take any concrete measures

I don't think the government does not understand, but because there might not have been any pressure to regulate crypto, especially regarding projects that make ICOs because they get funds from the community.

so this is actually quite difficult to do even by the government, and we cannot blame the team, CEO or dev.
I suggest for beginners not to follow the ICO, because the risk of scams is quite large, different if the project has been registered in exchange.

[MI6]

All i know is regulation will still eliminate some few steps, like scammers who are bold enough to show their faces on video and still scam people as if nothing is going to happen will be dealt with, there will be fear and crypto will see more interest from investors, i think regulation is the answer

Yes, hope that we will have national regulations for it, but for now, it is not yet possible as we will have a lot of considerations before that. So, right now, since we are free to decide whether we will join bounty, to invest, then we should take extra precautions about it. We should not just invest without thinking too much.

they will not appear for a very long time. I see that the government does not understand how it is possible to regulate this area. they make assumptions but cannot take any concrete measures

To create regulation, for all over the world maybe is not easy. When US make the regulation and some Project or maybe exchanges not allow US citizen to trade or maybe make an investment, already make a lot of cons. Especially from people who think bitcoin and other crypto can't be controlled by anyone.