Quote from: sieemma on February 27, 2018, 11:53:09 PM

Quote from: 99th on February 26, 2018, 05:27:30 AM

So the otho.network team executed a pretty good scam. Those of us in the project from the beginning have now been banned from their telegram and forums for outing this scam. We found out the sad news last night and over the course of today. I hope many of you didn't lose any money, for those of you that did I feel your pain and quite a few others as well.

This thread will hopefully prevent anyone else from being screwed over by these scumbags. Here is a few links to provide proof.

So this is a good lesson on how you can even be scammed by free airdrops. Disappointed is an understatement.

Otho.network - check the community aka forum pages, specifically the bounty and kucoin listing threads - http://forum.otho.network/

Twitter account was deleted earlier - https://mobile.twitter.com/Otho_Network

Facebook account was deleted earlier - https://m.facebook.com/Otho.Network/

Check the telegram channel and scroll through the last day's messages to see the bad news and how we figured it out - https://t.me/OthoNetworkCommunity

Their official bounty thread - https://bitcointalk.org/index.php?topic=2719981.0

Official ANN thread - https://bitcointalk.org/index.php?topic=2701173.0

I don't like the idea of ICOs being regulated but if this is how things are going to remain, then I think giving a body the chance to regulate icos will kind of put a stop to all this scam projects. I read threads of people accusing projects of scam and many others which is somehow degrading the good name of crypto as a whole.

I am starting to think the same way. I am against the idea of regulation, but something needs to be done before crypto is looked at like a complete waste of time where people get scammed once out of every 5 ICOs. The fact that 99% of these scammers are going unpunished just creates more desire for people to scam others too. Quite a sad and viscous loop we have become part of.

Not sure what the answer is - maybe it's Vitalik's daico. I am thinking more and more his idea is the best to come out since ethereum itself.