Scammers favorite tools

[Apostlekin$$$]

Sorry to say but some artificial intelligence projects are over exaggerated, it's like chasing something that can never be possible, the only A.I Projects I can support must be reasonable fair, like A. I messengers application etc

[andulolika]

Sorry to say but some artificial intelligence projects are over exaggerated, it's like chasing something that can never be possible, the only A.I Projects I can support must be reasonable fair, like A. I messengers application etc

Never heard of https://sophon.ai/ ?

AI project sounds as bullshit, unless it was collectively feed processing power but that doesn't exist.


Edit: Yaunfitda the sophon.ai thing is legit, but you gotta program it, and might be a bit different of most people's perspective of artificial intelligence.

[bussybuddy]

I also hate AI-related projects, since I entered this market, no AI projects have been successful. They received a lot of money from investors but in the end they still could not succeed with it. Stay away from AI projects for the time being because I'm sure it won't succeed

[IvugeoEvolutionCoin]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

Lol Also include adult industry projects. All I know in these categories have failed, even though a few projects based on AI still look promising. Worst is deflationary tokens, most if not all projects in this category were baseless. Trends come and go in this space, just learn to ride the trends while you can.

[Yaunfitda]

Sorry to say but some artificial intelligence projects are over exaggerated, it's like chasing something that can never be possible, the only A.I Projects I can support must be reasonable fair, like A. I messengers application etc

Never heard of https://sophon.ai/ ?

AI project sounds as bullshit, unless it was collectively feed processing power but that doesn't exist.

Exactly, I've heard projects talking about AI and stuff, but at the end of the day, they are all scams and never proven to really have a good case, except hyping their project. And I believed that they are really exaggerated to really look like that project is the next big thing in crypto and AI, but so far no one has proven to be successful.

[tyoA7X]

most fraud occurs on airdrop through phishing sites and others and more strangely they want to charge a fee if want to get the results of the airdrop
If I find this airdrop, I will continue to go

[Festac]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

I'm so against gold backed tokens and deflation tokens because they are mostly scam projects, the only deflation token I trust is BOMB and even this BOMB is alive based on the big hype it has created when it got launched, all the rest are just copy cats

[bukham88]

That's right because scammers will continue to look for ways to make money from cryptocurrency investors, in their own various ways, so we should be extra careful of scammers.

[Peanyut991]

Yes you are right, most of the projects you mentioned above have indeed ended in a scam. I think investors should think first if they want to invest in the above project.

[Bonwin]

Scammers uses catchy and popular concepts to get easy money from gullible investors. They don't do much work and just copy pastes others work with some slight change. Other popular scams except the ones mentioned by OP at the moment are
1. Masternode coins - 90% of them are just scams.
2. Exchange coins - Don't believe any exchange coins as good exchange would always bring their exchange first and issue the ICO on their own exchange.

That is just it. If they successfully open their exchanges, it will be a pitfall for most investors, because whatever fund they send in there is all gone. Many of them will bring up strategies that would lure traders with huge funds. They would be deceived to send more funds in, promising some forms or rewards or incentives and at the end, they will disappear. A typical example of such is BCNEX.

[qigong13]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

Lol Also include adult industry projects. All I know in these categories have failed, even though a few projects based on AI still look promising. Worst is deflationary tokens, most if not all projects in this category were baseless. Trends come and go in this space, just learn to ride the trends while you can.

Sex sell yes, but in the case of crypto, it was used to lure unmatured guy that still let their d*ck control their investment. 100% adult project is either fail or just straight scam.

[Yudhisthir]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

Lol Also include adult industry projects. All I know in these categories have failed, even though a few projects based on AI still look promising. Worst is deflationary tokens, most if not all projects in this category were baseless. Trends come and go in this space, just learn to ride the trends while you can.

Sex sell yes, but in the case of crypto, it was used to lure unmatured guy that still let their d*ck control their investment. 100% adult project is either fail or just straight scam.

Porn on the other hand has achieved relatively more success than many other genre. There are a lot of porn sites that gives paid personal live stream as people find it easier to give and take crypto for private events. The current pandemic situation has further boosted the economy as more artist are joining these platforms and earning money just for showing off on webcam.

[jrrsparkles]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

Scammers don't settle in particular category of projects, they are everywhere now the recent trend is DeFi projects which may turns out into huge scam in the next few months so watch out for the every new projects releases because it holds the risk of turning out into a scam.

[Nalbo]

Scammers uses catchy and popular concepts to get easy money from gullible investors. They don't do much work and just copy pastes others work with some slight change. Other popular scams except the ones mentioned by OP at the moment are
1. Masternode coins - 90% of them are just scams.
2. Exchange coins - Don't believe any exchange coins as good exchange would always bring their exchange first and issue the ICO on their own exchange.

That is just it. If they successfully open their exchanges, it will be a pitfall for most investors, because whatever fund they send in there is all gone. Many of them will bring up strategies that would lure traders with huge funds. They would be deceived to send more funds in, promising some forms or rewards or incentives and at the end, they will disappear. A typical example of such is BCNEX.

Other popular ways of scamming people with fraudulent ICOs
- STO, they claim to give x percent of operating profit for x time or forever. Many people did jumped into those STOs and at one time they were quite famous until IEO were the new trend.
- Mining projects. No mining industry can provide a sustainable profit for investors just for one time investment as it's a dynamic business.

[Squezzi55]

It's really hard to see new projects that aren't here just for the money, it's why I don't trust new projects today unless I find strong prove  that they are here to stay, it's getting more annoying, DeFi projects will join the sea of frauds in crypto space very soon, I'm waiting for that one

[Dart18]

Truth.
They use the kind of industry where we think it will be successful.
I doubt they will.
When it's so good to be true you doubt it.

But, there are still others which are really making a good progress.
There is 1 out 10 in the bounty sections in the industry of gold.

[ReiMomo]

Exchange coins is the most popular IMO.
The most common indicator of scammers are the unrealistic ROI's or a bit higher than what's considered as normal/standard rate of returns. Since this will catch the attention of the naive investors.
Also, I don't easily believed in cryptocurrency backed by gold.

That's it, naive investors. Because they are quickly diving to invest without further investigations just because they believed on the hype that the vast of those who in hype were fake and just want pump and dump method of increasing the price. But I'm not totally disappointed if there's project that keeps coming, we should have to dig on research before putting our money as an investment.

I have doubt that once there is a scammed project and then suddenly disappeared, then, it will be expected they will come back with a new name that we can't able to determine. I have a friend who told me this before, just because of money they easily fool people.

[Mister.Satan]

I bet on scammer's next favorite tools is going for DeFi project since they're trending right now. Please invest in DeFi project carefully.

[jacafbiz]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

I have nothing against projects interested in this topics but what is interesting to me is a team just coming out of nowhere thinking they can spend $20 million or so on Artificial Intelligence and succeed, this is just like a drop in the Ocean, Apple, Google and most of these top company have spent alot on this subject and still spend so how do you want to succeed. Raising money through ICO has its limits

[Miaallen]

But their several other projects tokens that claim the same and are still currently doing good and making their investors happy.
There is no doubt that scammers take different dimensions to get to their victims but it doesn't mean every offering such projects are all scammers