Stop shielding Scam,fake, or unproductive altcoins project

[Stanlo]

Scam projects are not healthy for crypto space, everyone should try as much as possible to avoid scam projects with investigation, good projects can still fail but there is difference

[robelneo]

With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
 But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.

While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
 By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course

Back 2017 I support and participate on so many ICO as bounty hunters and investors some of them are still in the market but is now down 70% to 99% from its ICO price of their all-time high, and this made me realized the ICO hype is over and you will eventually lose if you hodl these coins for too long until now I still haven't seen a good project that's worthy of attention.

[Thomas-s]

Promoting scam projects is also like spreading fraud. It's necessary that we'll know what we're protecting, shielding and promoting so there will never be more victims of scam and fraud. Instead of promoting suspicious projects, we better spread awareness which would help the whole crypto community.

Very often we have the problem that people do marketing for projects in which they are 100 percent sure and do not even suspect that the project can be a scam. I participated in signature campaigns several times where the project looked very promising from the start, but after collecting the money, they simply disappeared with the money. no one is not safe from such cases

[Ahimoth]

Promoting scam projects is also like spreading fraud. It's necessary that we'll know what we're protecting, shielding and promoting so there will never be more victims of scam and fraud. Instead of promoting suspicious projects, we better spread awareness which would help the whole crypto community.

Let's help the community, to lessen this occurrence of scam and fraudulent projects. If this will happen again and again, this will fear of cryptocurrency to have bad reputation. People who had bad intentions always tend to promote any kinds of scam projects. By sharing any of those suspected scam promoters in this forum, that's a great help in order to stop this kind of evil.

[samuraijin]

no one wants to maintain the altcoin scam project, usually the people who often promote this project are people who are greedy even they don't care how many people will be fooled by this project as long as they get more profit for themselves, not many people who know scam projects but we can see how they develop projects, I have now switched to the old altcoin project which still looks productive in development, I have left projects that are not productive because that would give me a headache

[Cherylstar86]

Promoting scam projects is also like spreading fraud. It's necessary that we'll know what we're protecting, shielding and promoting so there will never be more victims of scam and fraud. Instead of promoting suspicious projects, we better spread awareness which would help the whole crypto community.

Let's help the community, to lessen this occurrence of scam and fraudulent projects. If this will happen again and again, this will fear of cryptocurrency to have bad reputation. People who had bad intentions always tend to promote any kinds of scam projects. By sharing any of those suspected scam promoters in this forum, that's a great help in order to stop this kind of evil.

We can't easily stop those users doing not legit project but we can minimize it by being attentive and observant on those new projects here in crypto currency community. Also, we must help each and everyone of us here by sharing those suspicious project like they have lack of informations about their projects.

[zhekinsp]

With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
 But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.

While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
 By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course

We should stop thinking about the new crypto projects anymore,we have 3 thousand plus cryptos is in usage which is not enough for the 7 billion people all around the world?

Lets talk about the decentralization and why we need cryptos rather than creating new cryptos again and again then let the existing projects to die.

[nutriagrigia]

no one wants to maintain the altcoin scam project, usually the people who often promote this project are people who are greedy even they don't care how many people will be fooled by this project as long as they get more profit for themselves, not many people who know scam projects but we can see how they develop projects, I have now switched to the old altcoin project which still looks productive in development, I have left projects that are not productive because that would give me a headache

people who know from the early beginning that they are promoting a scam project and tell other people that the project is very good eventually lose the money which they make. this is how the law of nature works. If you cheated and earned on it, then you have to pay for it. those people who creating scam projects sooner or later go to jail.

[samuraijin]

no one wants to maintain the altcoin scam project, usually the people who often promote this project are people who are greedy even they don't care how many people will be fooled by this project as long as they get more profit for themselves, not many people who know scam projects but we can see how they develop projects, I have now switched to the old altcoin project which still looks productive in development, I have left projects that are not productive because that would give me a headache

people who know from the early beginning that they are promoting a scam project and tell other people that the project is very good eventually lose the money which they make. this is how the law of nature works. If you cheated and earned on it, then you have to pay for it. those people who creating scam projects sooner or later go to jail.

yes there are many cases where they have gone to jail, there are many fraudsters in other online businesses too, not only in the crypto world, but this is even more dangerous is they use crypto currency payments to make business ponzi schemes, many do this even have some names also like that, I usually never help promote let alone offer someone to study crypto projects, at least people need to understand every risk of doing business in the crypto world so that it's easier for me to lead them

[Rodeo02]

no one wants to maintain the altcoin scam project, usually the people who often promote this project are people who are greedy even they don't care how many people will be fooled by this project as long as they get more profit for themselves, not many people who know scam projects but we can see how they develop projects, I have now switched to the old altcoin project which still looks productive in development, I have left projects that are not productive because that would give me a headache

people who know from the early beginning that they are promoting a scam project and tell other people that the project is very good eventually lose the money which they make. this is how the law of nature works. If you cheated and earned on it, then you have to pay for it. those people who creating scam projects sooner or later go to jail.

its a long way to proof all of that , they used to make a project to scam people by a ICO ,because they know it will be harder to investors to collect all enough data before they can file a case against them. And besides even they want to file a case not all of the investors will cooperate to make that things happen.

[Stargazer]

Yes, everyone stands against the scam projects! Everywhere we are seeing the altcoins shits are happening and in the Meta section, people are mocking on altcoins. It's because altcoins investor keeps losing their money and bitcoin investors are the gainers. 85% of altcoins have no real product or utility to serve the crypto people, but yet their volume is not that bad, because investors are feeling that price will be high in the future, so the profit will be huge! that's the mistake I think. Everyone should boycott shit coins.

[anjiitem]

Doing research can easily expose scam projects but some projects are well planned and still turn scam, the only way to avoid this is stop investing in new altcoins

Many people who invest in new projects that have done their own research about the project, but you could say that scammers have many ways to fool many people, scammers certainly have predicted what will be done to be able to fool these people and indeed we cannot blame who and for now it is better to invest in the top coins than in new projects that have a great risk.

[Mpamaegbu]

With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
 But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.

While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
 By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course

This is so true and it has caused this industry a lot of credibility loss. In 2017 a lot of money bags came into the industry and we witnessed a surge to over $800b in market capitalization but that has dwindled to below $200b today. If not that cryptocurrency is tangible and has come to stay, it would've fizzled out with that crash occasioned by a lot of fraudulent projects. On my part, I try to follow selected projects and from a few BM in order not to aid scam projects in the way of advert as a hunter.

[Onika84]

The term 'unproductive' can not be judged in an instant, just looking at WP or their telegram activity. I think everyone, including bounty participants, is committed not to support scam or fake projects. As we know most scam or fake projects always provide interesting information, as if the project is legit. I thank you in the forums for having a scam acquisition thread.

[KimmyF]

With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
 But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.

While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
 By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course

There could be possible one day some new coin will replace by some top coin which is more effective, fast, secure and same idea. What is that means we aren't shielding all altcoins. We are supporting some scam with good one. But we do it by accidentally, so we should active to move good one. Although in bull market all coin will rise.

[LouVandetta]

Promoting scam projects is also like spreading fraud. It's necessary that we'll know what we're protecting, shielding and promoting so there will never be more victims of scam and fraud. Instead of promoting suspicious projects, we better spread awareness which would help the whole crypto community.

Even though they knew it's wrong to promote such projects which are basically a scammed ones, they don't give a damn (the one who were sharing them).
They have the knowledge to do the research first but they're too lazy to do so. Especially if such project offers a good "ideas", then they will swallowed up all of them at once without looking further into it.

Thing is, such projects always have its own ways to make people keep supporting them. If they keep doing this more people poeple will fall victims to such projects.
It would be better to be frank in this matter, and just say that if one project is bad, of course, with a solid proofs included.

[StandardCash]

With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
 But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.

While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
 By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course

This is a behaviour which always existed in cryptocurrencies and money-related technology fields. It's obvious that with the mass adoption advent and growth of cryptocurrencies all over the world the proportionate quantity of scammers-like people coming into is grown exponentially. That's why we need to establish a good network of trusted coins and blockchains.

[daglordjames]

Every big scam projects always have an idea to share, always have something good to offer, if they don't do this how will investors fall for them? Scam projects can't be detect if they are well organized until they turned scam

I agree, sometimes scam projects are hard to detect and always offer something very good to the investors.

[Hueristic]

I blame ETH, any con that can start with a few minutes making a fake coin that is going to be "transferred" is just giving scammers the tools.

[bitvalak]

Identifying a scam project is not easy, because all new projects have sweet promises and good innovations.
Investors will certainly be interested, but who can guarantee in the middle of the road if the project has the potential to be a scam.
Because the pattern of all new projects is almost the same, maybe the easiest way is to see who the big people are supporting the project.