So far this year , a lot of scams have occurred in the crypto sphere ranging from projects scamming investors and as well as projects not paying hunters for their works.
What do you think can be done to counter this ill manner behaviors that has been painting cryptocurency bad?
i think the only counter is knowledge
as once you become knowledgeable about cryptocurrencies and the current technologies and what can and can't be currently done
you never fall for scams, they all become super ovbious.
People just need to gain more knowledge in crypto, and NEVER invest in something you dont fully understand
Totally agree with this. With a sufficient knowlege how this and that workout we may be able to avoid scams project with a necessary means. Although it is hard not to fall on their traps. Scams projects are way too promising, which new ones would easily bite with these schemas. Besides, if there are still people who keeps falling on their traps, I guess, there will be no ending for those fraud projects.
To fight scams you have to be less greedy and spend more time researching projects. Greedy people are taken advantage of in real life and in the Internet.
As well as this. Never ever let greediness over control yourself. When both ends commits with this attitude. Even an enough knowledge would mean nothing. Because greed is the very root on why fraud projects works.