ICO and scammers

[stephanirain]

Sometimes I see rules for staring "good" ICO and one of all paragraph - deanon of creators. But exist countries, in which crypticurrency has been banned and creators have a chance go to jail to 5+ years (examle, Ukraine (if project have a anonymous coin transfer/stablecoins)). If I dont write about myself, I am a scammer (thinked users of bitcointalk). If I write - Im will a convict. What to do?

Follow your country's laws no matter what or leave and migrate to another crypto-friendly country. If it is illegal in your country, do not attempt to hide in the shadows just to do your bidding because it does not worth the time you will spent in jail. It's frustrating but I also hope that someday, the reputation of crypto will be cleared and it will not be ban anymore by any form in any country.

[canovan25]

Sometimes I see rules for staring "good" ICO and one of all paragraph - deanon of creators. But exist countries, in which crypticurrency has been banned and creators have a chance go to jail to 5+ years (examle, Ukraine (if project have a anonymous coin transfer/stablecoins)). If I dont write about myself, I am a scammer (thinked users of bitcointalk). If I write - Im will a convict. What to do?

Follow your country's laws no matter what or leave and migrate to another crypto-friendly country. If it is illegal in your country, do not attempt to hide in the shadows just to do your bidding because it does not worth the time you will spent in jail. It's frustrating but I also hope that someday, the reputation of crypto will be cleared and it will not be ban anymore by any form in any country.

Crypto dont have a problem in my country. If you create token/currency for affiliates program or other target - okey. But if you creating a money for paying(like Libra) - wait problems.

[minairia3]

Sometimes I see rules for staring "good" ICO and one of all paragraph - deanon of creators. But exist countries, in which crypticurrency has been banned and creators have a chance go to jail to 5+ years (examle, Ukraine (if project have a anonymous coin transfer/stablecoins)). If I dont write about myself, I am a scammer (thinked users of bitcointalk). If I write - Im will a convict. What to do?

There is a due process in this kind of system of course, Police should investigate well if youre really caught with some evidence of doing the crime but, this is case to case basis. I didn't know Ukraine is so strict well I'm lucky I'm not living on country like that, my country has a moderate support for blockchain technology.

[crossabdd]

There is no hard and fast rule to pronounce an ICO as good or bad. It's the experience of the users that tells them if an ICO can be a good ICO or a bad ICO! However, in money matters, it is very important to know the details of the project owner. If we categorize few important factors for a good or bad ICO, owner and team identification will definitely come within the first 3 parameters!

In you case, I would rather suggest you not to launch an ICO itself. Because if you don't identify yourself, your project will be scrapped after the launch. And if you do, you may go to jail! If you think that your ideas are great, go to angel investors and pitch your idea! That would help you to start your business!

Very good, I agree with this. Elite investors will not ignore the best ideas in the crypto or ICO world. meet them, explain your idea. and make them trust you. so your ICO project will not be considered bad. because elite investors have great access to government. and that will make the government respond to your ideas well.

[Shasha80]

In some countries I have heard that it is not arbitrarily making ICO projects, because of the many cases of fraud related to
this ICO problem. Therefore some countries want to play it safe by banning its citizens from making ICO projects in order
to protect their other citizens. In your country, it is only forbidden to make ICO, it is better to follow the rules, not to violate it
be a disaster. There are many other ways to make money through cryptocurrency.

[canovan25]

Sometimes I see rules for staring "good" ICO and one of all paragraph - deanon of creators. But exist countries, in which crypticurrency has been banned and creators have a chance go to jail to 5+ years (examle, Ukraine (if project have a anonymous coin transfer/stablecoins)). If I dont write about myself, I am a scammer (thinked users of bitcointalk). If I write - Im will a convict. What to do?

There is a due process in this kind of system of course, Police should investigate well if youre really caught with some evidence of doing the crime but, this is case to case basis. I didn't know Ukraine is so strict well I'm lucky I'm not living on country like that, my country has a moderate support for blockchain technology.

My country has a project for integrate blockchain in many areas and supporting business. But, blockchain - only technology. Create project with blochchain - okey. But if you create surrogate money (not legalize stablecoin, in my case) - its no only blockchain technology. Its old crime with new technology.  You understand me?

Its doesnt matter - create in USA, Japan, France, Italy or China - you will go to the prison, because algorithmic stablecoin - nonsense for SEC/FRS or like organithation.

[danherbias07]

Then do not continue. Would you rather be convicted or would you rather spend so much capital creating an ICO then end up with zero offering?
Both choice is a loss then just let it go.
Perhaps you could go to another country then start there.
Or, just look for an ICO with the same goal as you and invest with them or get some shares.

Are you willing to force it just for your own goal?

[canovan25]

Then do not continue. Would you rather be convicted or would you rather spend so much capital creating an ICO then end up with zero offering?
Both choice is a loss then just let it go.
Perhaps you could go to another country then start there.
Or, just look for an ICO with the same goal as you and invest with them or get some shares.

Are you willing to force it just for your own goal?

Im sure, like project dont exist. All of cryptoprojects - have a one good idea or paste idea second project. No more. And good programmer rarely know economy. But if man know about cryptocurrency, economy and can a coding - he work or study at university...

[lousie9]

In some countries I have heard that it is not arbitrarily making ICO projects, because of the many cases of fraud related to
this ICO problem. Therefore some countries want to play it safe by banning its citizens from making ICO projects in order
to protect their other citizens. In your country, it is only forbidden to make ICO, it is better to follow the rules, not to violate it
be a disaster. There are many other ways to make money through cryptocurrency.

Initially there were no serious restrictions on making ICOs in several other countries including countries that prohibit ICO, but since many cases of fraud ICO the ban came into force and many countries began to avoid it. but if you really want to make an ICO with a positive goal it might not be a serious disaster. but I agree with you better not to do that, there are many other alternatives to get crypto, large crypto space and there are still many ways to get good profits here.

[Cherylstar86]

In some countries I have heard that it is not arbitrarily making ICO projects, because of the many cases of fraud related to
this ICO problem. Therefore some countries want to play it safe by banning its citizens from making ICO projects in order
to protect their other citizens. In your country, it is only forbidden to make ICO, it is better to follow the rules, not to violate it
be a disaster. There are many other ways to make money through cryptocurrency.

Initially there were no serious restrictions on making ICOs in several other countries including countries that prohibit ICO, but since many cases of fraud ICO the ban came into force and many countries began to avoid it. but if you really want to make an ICO with a positive goal it might not be a serious disaster. but I agree with you better not to do that, there are many other alternatives to get crypto, large crypto space and there are still many ways to get good profits here.

All about those banning ICOs will depend on those countries if the crypto currency is legitimate. One thing is that we may able to do such things by asking or researching to avoid be scammed since nowadays their are a lot of scammers here in crypto currency community as well as by those users aiming to have an easy money just to have a victim. Also, by doing have a good profit we must be attentive and aware all the time as much as possible.

[TanakabZX]

Do not expect to make money the east way, you will get in scammers trap if you have this mindset, know that nothing comes easy this is the only way to avoid scammers temptations, probably when things are too good to be true means they are.

[JC btc]

Do not expect to make money the east way, you will get in scammers trap if you have this mindset, know that nothing comes easy this is the only way to avoid scammers temptations, probably when things are too good to be true means they are.

Exactly, we cannot control everything but at least we can avoid to be scam by scammers if we will just be vigilant and we are sure of what we are investing at. Although no assurance in investing at least find the Legit one and has a possibility to be adopted and to become successful .

[Dart18]

Why not try to get some help with friends or colleagues?
Those who are overseas which have bitcoin legitimacy or other coins. Some of them are regulating it.
I understand that you really want for this to happen but there is this rules that is stopping you.

You could be the man behind while the face of it will be other people who could somehow be pursued to join your management.

[poldanmig]

In some countries I have heard that it is not arbitrarily making ICO projects, because of the many cases of fraud related to
this ICO problem. Therefore some countries want to play it safe by banning its citizens from making ICO projects in order
to protect their other citizens. In your country, it is only forbidden to make ICO, it is better to follow the rules, not to violate it
be a disaster. There are many other ways to make money through cryptocurrency.

It should be true that globally all projects that want to conduct funding are required to carry out verification to be able to detect whether it is a scammer or not. of course this step is important to be able to find out everyone who wants to commit fraud by using ICO as an easy way to do it

[Aabcde]

So what exactly do you want to make ICO?
When viewed from the investor's side, yes they have the right to know who they are putting money for and what the money is for. Naturally, investors want to look for profit, which is offered by every developer.
Between developers and investors, they must live in different places, which is suspected to be a scam for developers. Therefore, it is mandatory for every developer to show his true identity. And that is part of the good character of ICO.
If you want to remain anonymous, it's better to make coins or tokens without ICO. As do the coins in 2017 distributed them for free.

But for creating good coin need time and scilled labor => money. I talked with 10-15 teams, who have a cryptocoin and they talked me, what coin costed 5-10-15K usd only. But yet need mining pool, e-wallet and other tools for using. And for this target I want create ICO.

Yes if you want to do it, do it. But my advice, be a good developer. Avoid all forms of crime so as not to trouble you in the future.
I'm sure, if you really mean it and become a good developer, investors will surely come by themselves. Of course, with a good concept too. I know that to start a project is indeed very expensive, so try to attract investors' attention in a good way besides offering bonuses for early birds.

[BRODIN]

Do not expect to make money the east way, you will get in scammers trap if you have this mindset, know that nothing comes easy this is the only way to avoid scammers temptations, probably when things are too good to be true means they are.

Exactly, we cannot control everything but at least we can avoid to be scam by scammers if we will just be vigilant and we are sure of what we are investing at. Although no assurance in investing at least find the Legit one and has a possibility to be adopted and to become successful .

Apart from caution and confidence, there are still many other factors that you need to consider before investing or taking part in the crypto industry. mainly knowledge because that is your initial capital when you enter this space and then how to manage your financial management wisely.

[Furryball]

I am not here to invest so i think my money is safe, i am here as a full time bounty hunter and i have been a victim of scam bounty projects, the only solution i can think of is regulation, crypto scam rate is so alarming now and many investors are scared of investing

[livingfree]

~

Maybe yes, maybe no. I dont need a money, but programmers, who doing a smart-contract or cryptocurrency - need money. Im student and dont have 5-10k for his. Now Im talking in russian tree about my idea and think about search investor.

You even left a confusing answer for me though. You said that you don't need money and later you have said that you need money to pay for those programmers. What if you just stop thinking of this and you should improve yourself in programming?

I know it won't be easy as I'm saying but since you're still a student, you can focus on it and commit time for it. And once you're done and you are about to graduate, I think you can execute your plans because you can be employed and you will be able to save money for that.

[yohananaomi]

Do not expect to make money the east way, you will get in scammers trap if you have this mindset, know that nothing comes easy this is the only way to avoid scammers temptations, probably when things are too good to be true means they are.

Exactly, we cannot control everything but at least we can avoid to be scam by scammers if we will just be vigilant and we are sure of what we are investing at. Although no assurance in investing at least find the Legit one and has a possibility to be adopted and to become successful .

Need to believe that what we will do is right with the right analysis, because now it is very difficult to avoid scammers because it is already a trend that is happening.
so as not to be fooled properly we must be more careful and believe that what we are doing can guarantee it will not happen.

[Baby Dragon]

Do not expect to make money the east way, you will get in scammers trap if you have this mindset, know that nothing comes easy this is the only way to avoid scammers temptations, probably when things are too good to be true means they are.

Exactly, we cannot control everything but at least we can avoid to be scam by scammers if we will just be vigilant and we are sure of what we are investing at. Although no assurance in investing at least find the Legit one and has a possibility to be adopted and to become successful .

Need to believe that what we will do is right with the right analysis, because now it is very difficult to avoid scammers because it is already a trend that is happening.
so as not to be fooled properly we must be more careful and believe that what we are doing can guarantee it will not happen.

Its absolutely hard to find a good project particularly these days that scammers used different strategies to deceive us, its the reason why I choose to do some research before joining some projects because you can't easily tell if it was a scam or not unless you have already done your own research or you have ask everyone about their experiences about it. Its a bit laborious for some of you but it is worth it because you know that your funds and assets are safe from them, its better to make sure than to feel remorse about your decisions and actions. Projects these days are indeed speculative, you can't tell their true intentions and that is why you need to be cautious every time so you won't fall into some sort of scam.