Crypto Fraud Is Holding the Industry Back! - Here’s Why

[Glowy]

Crypto was built on innovation, transparency, and financial freedom but fraud and scams continue to slow down real progress.

 The Downsides of Crypto Fraud
•   Loss of Trust: Every scam weakens public confidence, making new users hesitate to join the ecosystem.
•   Regulatory Pressure: High-profile fraud cases trigger stricter regulations that limit innovation and slow development.
•   Investor Losses: Rug pulls, phishing, and fake projects drain billions, discouraging long-term participation.
•   Industry Reputation Damage: Legitimate projects struggle because bad actors paint the entire industry as unsafe.
 
The Way Forward
Better security practices, transparent communication, and community-driven verification can help clean up the space and restore trust.
To contribute to a saner space I have designed this short survey, that will hint investors on the red flags to look out for.

It will take less than 5 minutes to fill out the form https://forms.gle/VHVwX6GBrTPgk7Qp7

Let’s build a safer crypto ecosystem together.

[jvanname]

Bitcoin has a mining algorithm that was never designed to advance science. And the cryptocurrency sector cannot innovate while it simultaneously falls for scam after scam repeatedly.

Coincidence? I think not.

If the entire cryptocurrency sector collectively acts like a bunch of stupid idiots, OF COURSE YOU ARE ALL GOING TO GET SCAMMED!

Regards,

-Joseph Van Name Ph.D. (Mathematics)

P.S. Fraud is not only holding back crypto. Fraud is also holding back universities because universities are too busy promoting violence to teach anyone correctly. Most college degrees are garbage. Most college graduates are useless garbage.

[Vod]

It will take less than 5 minutes to fill out the form https://forms.gle/VHVwX6GBrTPgk7Qp7

I started, but could not finish - the questions become too specific to particular types of fraud.

[OgNasty]

Fraud is something that will always happen because there are people out there who feel entitled to things they didn't earn.  Whether that is committing fraud, frivolous lawsuits, extortion...  It comes in many forms. 

You can be a miserable person and go around playing whack-a-mole with fraudsters, or you can uplift the people in the community who are honest and providing value.  One leads to a fostering of positivity and making this place better, the other leads to a lot of false claims, training scammers, and chasing talent from this community.

If you look for negativity you will find it.  You will also live the pathetic life of a loser constantly surrounded by negativity their entire life, which ages you horribly and has negative effects on your health.

I'll stick to supporting the people here who are doing good (the few that are left) and let the miserable losers focus on the fraudsters.

[Glowy]

Bitcoin has a mining algorithm that was never designed to advance science. And the cryptocurrency sector cannot innovate while it simultaneously falls for scam after scam repeatedly.

Coincidence? I think not.

If the entire cryptocurrency sector collectively acts like a bunch of stupid idiots, OF COURSE YOU ARE ALL GOING TO GET SCAMMED!

Regards,

-Joseph Van Name Ph.D. (Mathematics)

P.S. Fraud is not only holding back crypto. Fraud is also holding back universities because universities are too busy promoting violence to teach anyone correctly. Most college degrees are garbage. Most college graduates are useless garbage.

Fraud will always find its way into any sector no matter how honest the idea. Degrees, qualifications and years spent learning will not help a greedy mind still.
It is more of an individuals thinking pattern than the innovator's. And I think most college degrees can still make some sense to holders if explored.

I started, but could not finish - the questions become too specific to particular types of fraud.

There are options from the responses. If you finished you will see there's room for other types of scam included.

Fraud is something that will always happen because there are people out there who feel entitled to things they didn't earn.  Whether that is committing fraud, frivolous lawsuits, extortion...  It comes in many forms. 

You can be a miserable person and go around playing whack-a-mole with fraudsters, or you can uplift the people in the community who are honest and providing value.  One leads to a fostering of positivity and making this place better, the other leads to a lot of false claims, training scammers, and chasing talent from this community.

If you look for negativity you will find it.  You will also live the pathetic life of a loser constantly surrounded by negativity their entire life, which ages you horribly and has negative effects on your health.

I'll stick to supporting the people here who are doing good (the few that are left) and let the miserable losers focus on the fraudsters.

Whilst your opinion is yours and valid too, I do not think it is outta place to give anyone a heads up.

[jvanname]

Fraud will always find its way into any sector no matter how honest the idea. Degrees, qualifications and years spent learning will not help a greedy mind still.
It is more of an individuals thinking pattern than the innovator's. And I think most college degrees can still make some sense to holders if explored.

Oh? The old fashioned excuse "well, it won't completely fix the problem, so we need to do absolutely nothing." WHAT A JOKE! In reality, you have an intense revulsion for using cryptocurrency mining to solve a scientific problem because you are internally just a chlurmcklet. AND COLLEGES PROMOTE VIOLENCE AND STILL REFUSE TO APOLOGIZE FOR IT! This means that we should all regard college degrees as the JOKE that they are. And if you think that all college degrees are worth it because that is where medical doctors get their training, ENJOY YOUR ELECTROCONVULSION 'THERAPY', YOU BITCH ASS BITCH!!! AND YES, ELECTROSHOCK THERAPY WHERE YOUR BRAIN GETS LITERALLY FRIED IS AN ACCEPTED PSYCHIATRIC THERAPY. WHY IS IT ACCEPTED BY SOCIETY? IT IS ACCEPTED BECAUSE HUMANS ARE GULLIBLE STUPID ASS FUCKS!

Regards,

-Joseph Van Name Ph.D.

[Glowy]

Fraud will always find its way into any sector no matter how honest the idea. Degrees, qualifications and years spent learning will not help a greedy mind still.
It is more of an individuals thinking pattern than the innovator's. And I think most college degrees can still make some sense to holders if explored.

Oh? The old fashioned excuse "well, it won't completely fix the problem, so we need to do absolutely nothing." WHAT A JOKE! In reality, you have an intense revulsion for using cryptocurrency mining to solve a scientific problem because you are internally just a chlurmcklet. AND COLLEGES PROMOTE VIOLENCE AND STILL REFUSE TO APOLOGIZE FOR IT! This means that we should all regard college degrees as the JOKE that they are. And if you think that all college degrees are worth it because that is where medical doctors get their training, ENJOY YOUR ELECTROCONVULSION 'THERAPY', YOU BITCH ASS BITCH!!! AND YES, ELECTROSHOCK THERAPY WHERE YOUR BRAIN GETS LITERALLY FRIED IS AN ACCEPTED PSYCHIATRIC THERAPY. WHY IS IT ACCEPTED BY SOCIETY? IT IS ACCEPTED BECAUSE HUMANS ARE GULLIBLE STUPID ASS FUCKS!

Regards,

-Joseph Van Name Ph.D.

I can't agree less that "HUMANS ARE GULLIBLE STUPID ASS FUCKS" so long as you are classified as a human and a Ph.D at that.

[WovenStrands]

See Change & Chill, it doesnt have to upset anyone.. Steps to change come from within, worrying about other scams and fraudsters gives them control over you. Want to find real wealth and return on your efforts? Only spread the best behaviors and leave the rest to God.  Peer to peer currencies secured by cryptomathmatics are a tool to rob and steal but consider the collective lie that is being sold to the world with the USD and other Fiats. Sell all the fiats to exchange into real money that is better in coming up with trade synthesis values for all!

[jvanname]

I can't agree less that "HUMANS ARE GULLIBLE STUPID ASS FUCKS" so long as you are classified as a human and a Ph.D at that.

Humans are extremely gullible. Humans are also likely go to completely extinct very soon due to their own stupidity. I know how to help them, but I won't because humans are trash.

Regards,

-Joseph Van Name Ph.D.

[Glowy]

See Change & Chill, it doesnt have to upset anyone.. Steps to change come from within, worrying about other scams and fraudsters gives them control over you. Want to find real wealth and return on your efforts? Only spread the best behaviors and leave the rest to God.  Peer to peer currencies secured by cryptomathmatics are a tool to rob and steal but consider the collective lie that is being sold to the world with the USD and other Fiats. Sell all the fiats to exchange into real money that is better in coming up with trade synthesis values for all!

Nice submission, I honestly do not see anything wrong with analysing behavioural patterns of a pain point. There are people who this idea will not sit well with. But then I work with datasets that help people make informed decisions. How wrong is that?

Humans are extremely gullible. Humans are also likely go to completely extinct very soon due to their own stupidity. I know how to help them, but I won't because humans are trash.

Regards,

-Joseph Van Name Ph.D.

You don't have to help if you don't want to, let all humans go into extinction already. Extinction will likely be fun with well schooled individuals.

I want to believe you already filled the survey, if you haven't kindly do. At least we now have come to the "extinction" agreement.

[jvanname]

You don't have to help if you don't want to, let all humans go into extinction already. Extinction will likely be fun with well schooled individuals.

I want to believe you already filled the survey, if you haven't kindly do. At least we now have come to the "extinction" agreement.

I have filled the survey. You might want to improve your attitude and perspective on human extinction. A better perspective would be to live a life in a way that is worth preserving. I would rather have a world where the humans are not worthy of extinction. Right now, humans are acting like complete and total trash, and right now humanity is not worth preserving at all. Humanity needs to work on its morality first. I cannot communicate very much about anything meaningful with anyone as long as humans are obsessed with being trashy piles of garbage. Right now, most people are more valuable as food for the bacteria when they die than as humans because humans are scum. If most humans stopped being so scummy, the problem of crypto fraud will to a large extent resolve itself.

Regards,

-Joseph Van Name Ph.D.

[BADecker]

The reason for crypto is to get rid of the places and methods for fraud to exist. The fraud isn't in the crypto. It's in people placing their crypto into positions of trust with other people.

If you are going to place your crypto into trust positions with other people or organizations, forget crypto and use the fiat banks.

[jvanname]

The reason for crypto is to get rid of the places and methods for fraud to exist. The fraud isn't in the crypto. It's in people placing their crypto into positions of trust with other people.

If you are going to place your crypto into trust positions with other people or organizations, forget crypto and use the fiat banks.

This will only work if people are intelligent. But most people are fucking stupid. Everyone except for me is too fucking stupid to realize that Bitcoin does not have a mining algorithm that is designed to advance science. So since people are so dumb, they will continue to fall for scams over and over again. AND HUMANS ARE GOING TO FUCKING GO EXTINCT TOO!!! HAHAHAHAHAHAHAHAHAHAHA! TAKE THAT, FOOLS!

Regards,

-Joseph Van Name Ph.D.

[BADecker]

The reason for crypto is to get rid of the places and methods for fraud to exist. The fraud isn't in the crypto. It's in people placing their crypto into positions of trust with other people.

If you are going to place your crypto into trust positions with other people or organizations, forget crypto and use the fiat banks.

This will only work if people are intelligent. But most people are fucking stupid. Everyone except for me is too fucking stupid to realize that Bitcoin does not have a mining algorithm that is designed to advance science. So since people are so dumb, they will continue to fall for scams over and over again. AND HUMANS ARE GOING TO FUCKING GO EXTINCT TOO!!! HAHAHAHAHAHAHAHAHAHAHA! TAKE THAT, FOOLS!

Regards,

-Joseph Van Name Ph.D.

Nobody is into the science of crypto. Nobody cares about that. And they are right, because science is just about stupid. Most of science is consensus of words among so-called scientists... and consensus is based on the best that they can think up rather than proof.

Forget science. Or do something worthwhile with it. If you used your GREAT BRAIN FOR CRYPTO SCIENCE, you would be gone from the forum, and enjoying life through the wealth of your science.

[dinokrang]

Absolutely agree. Scams and rug pulls damage the reputation of legitimate projects. Better regulation and community vigilance are essential to weed out bad actors.

[jvanname]

Nobody is into the science of crypto. Nobody cares about that. And they are right, because science is just about stupid. Most of science is consensus of words among so-called scientists... and consensus is based on the best that they can think up rather than proof.

Forget science. Or do something worthwhile with it. If you used your GREAT BRAIN FOR CRYPTO SCIENCE, you would be gone from the forum, and enjoying life through the wealth of your science.

You are fucking stupid. Fuck you.

Absolutely agree. Scams and rug pulls damage the reputation of legitimate projects. Better regulation and community vigilance are essential to weed out bad actors.

This is not going to work. Since the crypto sector is filled with stupid fucking morons like BADecker who constantly say the most asinine stupid shit imaginable, ALL COMMUNITY VIGILANCE WILL DO IS IGNORE THE SCAMS AND HATE LEGITIMATE PROJECTS. The people here are too fucking stupid to recognize scams, and they are attracted to scams. They hate science, so they will automatically find the legitimate projects and hate them because most people here are fucking braindead.

Regards,

-Joseph Van Name Ph.D.

[BADecker]

Nobody is into the science of crypto. Nobody cares about that. And they are right, because science is just about stupid. Most of science is consensus of words among so-called scientists... and consensus is based on the best that they can think up rather than proof.

Forget science. Or do something worthwhile with it. If you used your GREAT BRAIN FOR CRYPTO SCIENCE, you would be gone from the forum, and enjoying life through the wealth of your science.

You are fucking stupid. Fuck you.

Absolutely agree. Scams and rug pulls damage the reputation of legitimate projects. Better regulation and community vigilance are essential to weed out bad actors.

This is not going to work. Since the crypto sector is filled with stupid fucking morons like BADecker who constantly say the most asinine stupid shit imaginable, ALL COMMUNITY VIGILANCE WILL DO IS IGNORE THE SCAMS AND HATE LEGITIMATE PROJECTS. The people here are too fucking stupid to recognize scams, and they are attracted to scams. They hate science, so they will automatically find the legitimate projects and hate them because most people here are fucking braindead.

Regards,

-Joseph Van Name Ph.D.

Fraud is why cryptpo was created in the first place. A method to transfer funds without involving the IRS.

You really need to step out of your high IQ into life once in a while.

[jvanname]

Fraud is why cryptpo was created in the first place. A method to transfer funds without involving the IRS.

You really need to step out of your high IQ into life once in a while.

Since people are too inept to even realize that Bitcoin has a mining algorithm that was never designed to advance science, people also lack the ability to avoid fraud. The best way to avoid fraud is to STOP BEING A FUCKING DUMBASS! But that is WAY too high of a standard for most people because most people are mentally retarded.

Regards,

-Joseph Van Name Ph.D.

[dinokrang]

It's concerning how fraud undermines trust in crypto. Transparency and education seem key—what do you think are the most effective ways to combat this?"