Post
Topic
Board Altcoin Discussion
Re: Is it possible to avoid all scams?
by
Gozie51
on 21/01/2022, 15:24:53 UTC
What do you think, is it possible to somehow get rid of scams among crypto projects?

It is not going to be possible to eliminate scam crypto projects completely as far as what causes scam is still around, and that is man. This is not only the problem of cryptocurrency but every where even in religious gatherings, both mosques and churches. Man and his greed is everywhere causing havoc to life and making the innocent ones lose money. Scams in crypto projects are more pronounced because they involve alot of cash and most of the projects do not have a physical address they can be traced to.


I don't think it's just beginners who are exposed to scam projects, even people who have been around for years can be exposed to scam projects.
That is correct. It is not only beginners who get scammed but they are the most scammed. This is because they hardly know their left from the right.

Yes it is greed that leads people to getting scammed. You don't expect some things to come to you as big as they appear if not greed. Some people don't make effort towards anything and they expect to profit in it. Or they put in little capital and expect big gains and that was the reason Ponzi scheme had there way a lot of time. Greed is part of man and that is why scam will continue on the greedy people