False sense of security is a big one.  There are so many scams around, the mods would be busy just trying to keep up.  There's no way the small team of forum mods could effectively mitigate the hundreds (maybe thousands) of scam that pop up.  Any attempt to do so, would lead many to fall for the ones that haven't been addressed.

Then we would have to rely on, or trust that moderators have our best interest in mind.  Bias is real, we're all human and vulnerable to it.  If a mod was employed by one project or another the community might see that as a blemish on the system.  Even if a mod was a employed by a legitimate project, any attempt to expose a competing project as a scam might come across as a conflict of interest.

It's really best for the forum to remain neutral in these situations.


This was one of the reasons I joined the forum back in 2018.  I believe ICOs were in full bloom at that time, right after the 2017 ATH.  I know I've learned a lot since then, that most (if not all) alt coins are worthless.

If history is any indicator, we're just a few months away from another ICO boom.  Some of my coworkers have asked me about one shitcoin or another in recent weeks, always with the same premise: "Have you heard about xyz coin?  It's supposed to be the next bitcoin..."  Of course I cringe and have to reign in their enthusiasm, telling that every shitcoin in existence has promised to upend bitcoin, yet none have.

I wouldn't mind if the forum did away with the Altcoin boards, I haven't visited them in a while.  I don't see that happening, though.  There's a significant economy in those boards, and I can only imagine that a portion of the forums income comes from those sections.

But even if that mitigates the issue, it wouldn't solve it.  There are plenty of scam exchanges, scam mixers, bitcoin doublers, and it's only a matter of time before scammers start emulating the RobinHood model of crypto futures, which I believe is a new form of scam on it's own accord.