If regulation never come anytime sooner can we protect ourselves? how can we protect ourselves from crypto monsters hiding in disguise, especially bounty projects coming into crypto space with full force, any ideas ? I know many are going to say we should do better research before promoting projects, is there any strict blows we can give these monsters by ourselves ?
Its pretty simple. If we cant do any regulation, scam projects would continue to emerge and take advantage of the investors hard-earned money. I understand that 2017 is the year of the ICOs, in which Bitcoin, Ethereum and others are reaching their all-time highs.
However, scammers are taking advantage of the trend as well, and its almost out of control. Exit scams are rising back then, which they use those funds to start another project under their anonymous names. It is why I support crypto regulation to minimize scams from various ICOs and other ways of raising token sales.
Expect that when regulation never comes, more and more fraudulent projects will create a lot of victims.