Post
Topic
Board Altcoin Discussion
Re: ICO owners and their dubious character.
by
ckorbba
on 30/04/2019, 15:31:14 UTC


We indeed need some help in this industry. Scammers and lairs are taking advantage of the decentralized and anonymity features of this industry in order to hoard other people's money and run with it leaving many dismayed investors both big and small with empty bags. What is surprising is that it is so easy to get away from the fraud? In fact, scammers are using fake names and information so that it can be difficult to track them once they are gone with the wind. I am suggesting that the industry come up with its vetting system...or akin to KYC requirements for project proponents or owners. Scams are damaging this industry in the bad way but I am seeing no concrete actions done yet.
I completely agree with what you said.  Since there are a lot of scammers in the cryptocurrency market, it is necessary to somehow fight this phenomenon.  Of course, each of us understands the importance of cryptocurrency and in particular blockchain for many spheres of human activity in the future, and it seems to me that we need to remove the negative, which today does not allow the cryptocurrency market to develop.