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