Quote from: CaptainKid on October 11, 2019, 08:08:32 PM

Quote from: Greatchu on September 17, 2019, 07:37:40 AM

If some disciplinary act are been taken against teams and devs greedy habits will reduce in crypto space, bad devs and ceo are showing their faces to the public introducing their project to gain awareness, the teams are even going for blockchain seminars and here we are thinking they are doing the right thing to easily achieve success and increase adoption rate too but in the end the project still turn to scam, in crypto and blockchain tech a piece of paper anybody can just trampled on and do as they see fit? its really unfair, investors are taking risks i think these kind of devs should be dealt with to stand as an example for those who have evil thoughts of using blockchain

Fraud projects are a really hot topic and problem in the cryptocurrency industry, but its very difficult to completely eradicate and identify fraudulent schemes. Therefore, at the moment, it is better to invest in proven coins in order to reduce the risk of losing your investment.

More education to the people in crypto and this could lift this problem somehow, you can compare nowadays to in the past despite the amount of the project that become succesfull is now fewer, people are more smarter than before. in the past people could get lured into buying useless garbage coin like erc20 version of certain mainstream coin which the devs themselves are anonymous and crazy cash grabber but nowadays such coin will outright dumped by the people.
also I always see the lack of website that provide the list of the potentially scam project. maybe some people could fill that hole and get the benefit aswell.