Do you think public enlightenment is best way to reduce crypto scam

[Wisdom01]

Crypto scam have been on the rise as more hackers are increasing and more scam crypto currency exchange are been created, but the problem have been stopping crypto scams ,because even some countries like Australia experienced high rate of bitcoin scam as at last year and so many other countries , with technology been created to track crypto scams but it still looks difficult because those technology that are been used to track crypto scams are not as effective As it is been expected and crypto scam have not stopped reducing but have continued to rise rapidly , do you think enlightening the public and even teaching the younger generation and older generations possible ways of getting scammed through crypto currency could be another way to reduce the advent of crypto scam

 

[btaliat]

There should be public enlightenment as you have opined for the crypto users to be aware of the damage that can be experienced if the wallets are exposed too much. Also, they should be enlightened on how to use security for their wallets. Some even changed passwords frequently or even some passwords that can be easily guessed. All these should be enlightened on.

 

[Wisdom01]

There should be public enlightenment as you have opined for the crypto users to be aware of the damage that can be experienced if the wallets are exposed too much. Also, they should be enlightened on how to use security for their wallets. Some even changed passwords frequently or even some passwords that can be easily guessed. All these should be enlightened on.

This is true they should also know the dangers of giving their keys anyhow or most time clicking Malicious link by hackers because the point were hackers use the opportunity to scam many crypto users that have invested some money so they should also be enlightened concerning that to aid more growth on crypto currency at large

 

[Alexandoy]

Somehow a campaign against scams can help enlighten the public's awareness. However, most of the scam victims are not due to ignorance but more due to greed. Even if they see that the investment scheme is too good to be true they will still invest out of greed. You know I do not pity those scam victims when I know that they are greedy.

 

[Josemendez]

Public enlightenment may to an extent help to curb the rate of cryptocurrency scams ,but it still boils down to an extent on the mindset of the people . Most times people fall into cryptocurrency and online related scams simply because of greed. Their quest to make money fast within a short period of time is their weakness .

 

[jvanname]

The reason why there are so many cryptocurrency scams is that the cryptocurrency community is rather greedy, anti-intellectual, and really quite hateful. Think about it. Are there any other cryptocurrencies other than Circcash (which is priced at 0.00000010 BTC/CIRC) with mining algorithms that are actually designed to do something useful besides simply establishing consensus? This is because the cryptocurrency does not care about scientific advancement. And the same anti-intellectual and slimy attitude that results in the cryptocurrency community not caring about scientific advancement also results in a community who wants to scam others and who easily falls into scams.