Reducing scam

[Turbo Hammer]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

[bitpation]

One way to reduce fraud projects is to establish an institution to record projects. That's where we can track scam projects easily. And we can give appropriate penalties so that the number of scam projects can be minimized.

[Richa99]

indeed it is true that there are so many frauds on ico, and I think we should be careful in choosing the ico project to invest our funds.

[Darksoul]

I don’t think that any regulation will help to somehow change the situation, but if you introduce any kinds of responsibility for projects and their teams, then I think that this will create a more favorable atmosphere!

[bhm45]

I think what should be done is the moderators should get some kind of guarantee from the projects team of their sincerity before listing them in altcoinstalks.com . With this concept any bounty we see on the forum is as good as a real  project . Also  based on experience you can do some research on the project before you can promote them. You can then know whether to go ahead or not.

[Quart]

We should cooperate together to reduce scam ICOs. The responsible party in ICO registration should make more strict regulation. And investors, traders, or bounty hunters should be smarter to know the characteristics of scam ICOs. If we are serious to reduce it, I think it is not impossible to minimize the scam ICOs. 

[ivanleon]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

I think that the philosophy of cryptocurrency suggests that the community of many professionals and users can safely moderate a bunch of ICO, select fraudulent projects and put a quality mark.

[JSD10M]

Putting blame on others (like advisors) for the decisions you made is not gonna help you from reducing the times that you'll get scammed. The best way to counter fraud is still knowledge

[aji678]

I think government regulation should interfere in terms of running an ICO, because this concerns about the investing public and trust of the community, the only problem i see is that this is a universal problem that should tackled by a governing body. The sad truth is still it cannot be controlled by some reasons, for me as an investor or a trader and a bounty hunter, we should take a due diligent when dealing with this projects, be more resourceful about the projects, study them, make a research about their project, if this project still a necessity in the existing environment, and take a look on the team involved, in this way we can decide if the best could have a future or not.

[reshat]

I think if the investors become more educated and don`t jump on every promising project who doesn`t have a working product than it would be solved as there would not be any investors to invest in such a projects.

[Coin63@]

If forum moderators and ICO moderators should take  a positive step then scam projects, bounties would reduce. Otherwise scam projects will not reduce. Scam projects harm the full forum structure.

[Crypto Prime]

If you want to avoid the ICO Project that is a Scam. You should be able to learn about how to recognize the ICO Project that is Scam, how it is characterized and learn how to prevent it. if you already have that knowledge and can master it, then you can easily avoid the Scam ICO Project.