Crypto isn't morality, but the radical free market structure in this new environment will eventually lead to moral behaviour through the laws of behavioural incentives.
There are huge incentives to capitalise on ignorance, however these actors won't be around for long. Because where ever there is an inefficiency, there is incentives to counter them. Investing blindly in scams with devs with no reputation or even completely nameless actors is being punished while investing in well
vetted projects with realistic promises and a solid model are rewarded. So there is a behavioural shift occurring and there is a market of trust being built.
The scams will eventually diminish to a minimum and thats also when mass adoption is going to happen. Instead of capitalising on peoples ignorance by scamming them, people will do so by providing a reputational platform (for a fee of course). Like gateways for the masses.
I don't know how far away we are, but we are definitely moving in that direction.
J.V.
Very well stated. Yes this happening. And I have observed that recent ICOs did not do well such as
Ark.io and komodoplatform.com.
If I get healthy enough to complete my project, I expect we will see a big shift away from scams, copycoins, and hyped technobabble.The Ark ICO only got 212 BTC. And the Komodo ICO claims 2639 BTC, but I believe perhaps they started it with 2000 - 2500 BTC from themselves, and only raised a few 100 BTC.
Four years of watching altcoins come and go tells me we are not moving in the right direction. The scams and hoaxes have only gotten more complex and organized. You cannot tell the good guys from the bad guys so supporting a project is still a roll of the dice.
I wish you a speedy recovery iamnotback. Crypto will die without you.