From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
a very interesting topic for us to discuss in this forum because there have been so many scam projects that have made investors no longer trust the new altcoin. and in my opinion all parties must work together to kill all scam projects. as in the bitcointalk forum must have stronger rules so that projects promoted through bounties are all projects that have good quality. so the forum admin must do further verification about the truth and validity of the project, so that what is in the bounties thread is all projects that have passed verification.
I fully agree with your points, maybe with regulations or verification for each new project that wants to be released on the prize thread can reduce the risk of fraud. but the main problem is the ico service. I mean, I've heard of an ICO service with $ 50 in capital & can make millions of dollars from the results of project fraud. and anyone can easily utilize the service for negative purposes. if someone is still using the service it is of course difficult to find or eradicate fraud projects completely.