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Re: How to combat the surge in scam ICOs
by
machis
on 06/09/2017, 12:53:09 UTC
There are an absurd number of ICOs being launched through this forum these days, far more than we can keep up with and expose. I don't see it getting any better all the while the scammers have a platform such as this, which allows them to use hacked accounts and bot-posting to set up multiple ICO threads for free.

Somebody came up with an excellent idea on the matter:
If I were Theymos, I would charge 1 BTC to post an ICO. Then I would use some of it to vet the principles. Farm out the leg work to reputable people on here to dig into it.

While it will not 100% eliminate the problem I bet it would reduce it by 95%.

A chance for all to make a bit of BTC and make for a safer investment climate.

Thoughts?

Personally I think simply introducing a fee to start an ICO thread would result in an immediate drop in the numbers we're currently seeing. If you've got a legit operation you sure as hell can afford a bitcoin or two in order to collect millions in ICO funding.







Of course, there is a lot of scams and people who want to get some money but among these projects, there are really interesting and successful projects. Or do not you think so?