Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.
If only there is a regulating body that would sift through the rising crypto projects and also oversee the running ones. It is both discouraging and frustrating seeing all the failures around. The worse thing here is that in every failure, it is not only the development team who failed. They are actually burning away the money of the investors. Aside from that, they are also tainting the image of crypto, which up to this point, is still struggling to be accepted by the wider mainstream society.
I have a couple of things in mind. First, projects using existing blockchains such as Ethereum's shall pass through a a kind of quality check done by Ethereum itself where there is a review as to whether the project is worth launching or not. Second, the general public needs to be educated regarding crypto. Most often, those who know little or nothing are the ones who become prey to these scam projects.