Quote from: trupero_uno on May 21, 2018, 12:09:37 AM

Hello All,

I've just read a news that more than USD 1 billion was lost to SCAM project, this is really a huge amount of money and to be concerned is the impact to crypto space as the whole. There are some impact of that:
1. Clearly said that investors money had lost
2. Eliminating people trust to crypto space
3. New TRUE project will be more difficult to be run, even current news say that raised fund on Q1 2018 has surpassed raised fund for the whole 2017.

If the news is true about the amount, it means in 2017 more than 20% of money had lost. This is big percentage of an error, and need actions from crypto community to fight the scam project.

I got idea how to fight scam project which will involve lot of crypto community through such system or certain mechanism:
1. Some International Convention around crypto space to launch new project, this is similar with international standards such as ASME for mechanical field, ASTM for material or IEEC for electrical, etc. Perhaps bitcointalk can be the pioneer of this, there possibly in serious topic board to discuss the standard or in rule board. The standard issued by this forum to be followed by parties involved such as ICO launching platform, crypto forum, bounty manager and team, bounty hunters, others marketing related
2. I imagine if there were project verificator agency or body to verify new project around the world. I don't know whether this idea had been issued in official crypto convention, this project verificator agency can possibly come from and formed in the convention
3. Forum and ICO platform should tightly verify new project to be launched on their platform, this verification shall be based on convention result and allowed to be developed further as long as still inline with the main principal of the convention result
4. Based on standard developed from convention, bounty manager and the team do verification for the project will be handled by them to be executed.
5. Bounty hunters monitor and verify the project released by bounty manager/team even the project bounty is handled by developer itself
6. Investors as usual shall be aware of their money to do more research on the project launched, if there is a standard or reference for investors moreover if the investors are new to crypto it will surely help them.
7. Other project developers can be aware for their project to watch other in their capacity, if there is found unusual thing from new project they can report to the body or agency.
8. All communities to be provided communication channel to the agency for further verification and if necessary investigation for a project reported as suspicious.

So my questions are:
1. How do you think guys if above idea to be applied in crypto space, is it possible?
2. Is it possible to fight SCAM project with the idea?
3. Do you have comments or feedback about the idea?

Please share your thought guys...

its not really a billion these scamer then are trying usually to invest their money into other ico, so this number might have been acumulated,

i doubt you can fight scam because its also difficult to define where scam begins.

and icos where created because venture capital simply started to suck and became impossible to use.

for bigger projects. what you are suggestion is basically regulating and controlling more, but why do we do icos in the first place then?

because we have already venture capital for those hardcore analys projects. icos on the other hand give the developers freedom and security,

because if they cant get the funds they simplly create more of their token, so they have freedom to achieve their projects and develop it

some icos simple weren't able to deliver a useful product, or werent able to get the supply they needed be it professionals labour, materials, equipment etc.

regards