The problem is that people are still investing without any research of each project. Thats why there are so many scams around, because, unfortunately, investors are even too lazy to read the whitepaper or to check the team members.
i believe too that there are some people invest without any research. but i wonder why it can happen continously
in my logic, if we fail/ lose, we will learn from knowledge. it must be applied to investor. they will learn from their mistake. that's reason why i wonder about that
Fortunately, shit projects decrease so drastically now compared with 1-2 years ago
Instan profit, without hardwork. It will be same with why people still do ponzi scheme when know it end is to scam people. And it is worse than ICO for now, at least ICO although make people lose money, they not lose all their money except if it is not listed in market. But all of it still appear, new project keep appear because there are demand of it. If people start to stop ask for it, they wouldn't appear anymore.