Post
Topic
Board Bitcoin Discussion
Re: Cheaters . who caused the cryptocurrency to go down
by
gabbie2010
on 21/10/2019, 10:59:00 UTC
After reading some of the members' responses related to the OP discussion, it turns out that what the cheaters meant here was for bounty hunters.
I think there needs to be a company specializing in combating fraudsters.
To overcome this, multi-account, cheaters who are trying to monopolize the bounty campaign, there are already a number of bounty managers and other members who are very concerned and create a red list for related accounts and cheating.
Instead of busy blaming each other for making this bad, it's better to focus on each other's progress. Focus on running the bounty to the maximum, according to the rules, and not being greedy.
Absolutely. There are many frauds in the cryptocurrency world. Especially those bounty hunters. There are many users who use multiple accounts in order for them to be able to earn. So I would say that it is cheating and it might fraudsters as well the reason why bitcoin still doesn't know due to multiples accounts being used by the same person. That's probably the reason the project has a low count of investors. But if ever, that has a small effect not the overall outcome and it depends who is managing.
In addition I believed anonymous use of cryptos gave room for all these cheaters In most cases KYC is not being mandated thus allow multiple accounts cheaters especially bounty hunters who will undermined the lay down rules so as to garnered or earn more money, Investors are now becoming more cautious in what to invest, in many occasions ICOs because of not being regulated and anonymous collects investors funds and ran into thin air, this is a common scenario now in crypto world thus causes cryptocurrency to be painted in a bad light.