Bad Devs and CEOs

[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!