Quote from: chaser15 on February 05, 2017, 03:56:28 PM

Quote from: malcovixeffect on February 04, 2017, 12:01:49 AM

Recent ICO scam: https://bitcointalk.org/index.php?topic=1749935.0
Im sure that everyday we notice new ICO coins being created and some has an insane plans like for example $1 = 1 token LMAO!. My thoughts are if there purpose wasn't to scam but they do have the intention to collect the money all they can to secure their lives for a couple of years.

what are your thoughts?

For me, I can't. There are ICOS that has serious goal into development and success of their respective crypto. It's just that we can't really avoid to deal with that kind of fraud activity in the world of crypto. Also investors must now that kind of scam is present especially when investing in an ICO.

Win win situation indeed. Just put some money that is afford to lose. They can still get the advantage after analyzing that the coin will run for a longer period.

Stopping now just might deter a genuine project from taking off and its a shame that some greedy individuals are using this platform for personal gains and disappear in thin air when they get funded.
On the positive side of things investors will now have a better approach of picking the right coins to invest in and we shall also be able to smell a scam coin a mile away which won't allow such projects to take off.