I really do not know why you guys are angry with the devs, developing countries and the likes when we are in a non-regulated environment. Not like I love regulation, but let's face it, there is no need for segregation here as we are all at fault, both the developed and non-developing worlds.

A lot of these scams even come from developed countries and even the investors in both regions; hardly take their time for proper scrutiny. The truth is that greed has taken over most people in the community and at the end you start asking yourself the question if regulation is actually the proper way to go or not.