It's always the juniour accounts and members who say they are leaving.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
You laugh but that's not really funny. That's exactly the problem. New people come in to alts and get scammed. That's pretty much the business model for the majority of projects here unfortunately.
People don't know what to invest in so they invest in the ones that show things like PoD and have shiny marketing. Except in my experience those things are more likely to be indicative of a bad investment or outright scam.
I absolutely agree.
'
Buyers beware' and '
do your own research' are just cliched, convenient and increasingly ridiculous excuses given whenever instances of scams and frauds emerge.
The fact is, this forum has devolved into a perfect environment for scammers,
aided chiefly by the apathy of the forum admins. Most new market participants inevitably just turn away from any further involvement. Meanwhile, dewy-eyed proponents of some quaint and romantic notions of decentralization seem incapable of seeing the lawless and barbarous market taking shape here. Left on its own, I fear cryptocurrency could well be destroyed at its very place of birth.
as much as the Mods have pissed me off around here countless times i have to say again it's not their fault..
they volunteered to enforce the rules and we have to ask who is making the core rules then ? such as not moderating scams.
two points come to mind for me..
1) It would be a BIG job for mods to moderate it and it would back log them with so much work it would stall what gets posted badly.
If they reviewed code etc before allowing a new ANN topic for example.
And who is going to do it ? You would need a lot of volunteers working over time and more people equals risk for biased favors etc
If they paid people to do it too that would be asking for corruption also..
2) What is a scam ?
We don't agree as it is so imagine a team of mods having to be on the same page as that and how it would inevitably conflict with us public guys.
Me ? I figure it is any coin that was not intended to be a real currency with a legitimate shot at dethroning Bitcoin.. simple /end