Shilling a phenomenon has evolved in the last few years in the world of cryptocurrency/assets. Its means tricking as many people as possible to invest in a coin or token that will maybe be valueable in the future, but in 90% it won´t .
Why?
Because there is so much competition, its a young industry that is in its early stage, so many projects will fail. Thats ok, its the nature of ventures and startups.
But shilling is not ok, although its very profitable for some famous people on YT, Reddit and so on.
It´s missleading the whole branch and gains negative media attention about the ICO boom.
We have to question, is fair regulation a must have to prevent such shillings and even scams?
I think the answer to that is definitely YES.
All of us want to creat wealth but with good intention and playing the game on the legal side.
Its all on us to ensure that blockchain and cryptospace will be a safe haven in the long run, not a good revenue place for scammers.
Good side for reporting scams: https://etherscamdb.info/
Manna
