Topic: between whitepapper and reality - page 3. (Read 1036 times)
I just don't have a trust tot whitepaper. In my opinion, you can match real facts and whitepaper, but your decisions must go from yourself.
Indeed, the whitepaper is made as attractive as possible to be able to take the hearts of investors and the public, so that they can decide to join and participate in it. So to get one really is not as easy as making a whitepaper.
It is very difficult to protect investors. When the investment is completely voluntary. We must remember that, cryptocurrency is born for a quick transaction, it will not verify your identity.
I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.
well this is good to be a discussion, but until now we can't do anything about the scam ico. only state authorities can take action on it ...
we are well aware that regulation must exist to be a counterweight to ico. it's just that this requires cooperation between each country, especially about its legality. this is difficult
White paper is nothing more than a detailed technical aspect of the project that is going to be implemented and that includes idea and expectation, the reality could sometimes far off from that so called whitepaper
but atleast the project is trying what it can deliver except they are lacking of commitment of the result turned out to be far from what people expected
but atleast the project is trying what it can deliver except they are lacking of commitment of the result turned out to be far from what people expected
This forum is a great opportunity to see if an ICO is scam. There are a lot of great community members, that are identifying scam ICOs and posting about it here on Bitcointalk. But usually nobody read these posts. Be more selective guys.
As much as it is a great opportunity, a lot of people do not always get to dig deeper. The information is always going to be there to take advantage of, so it depends on each individual how ready they are to utilizing that information for their own benefit. Asides from getting information from this forum, another imperative thing to always do is to be able to do proper due diligence on one's own which is one thing I believe that as long as you are able to do that, the chances of being scammed will always be slim but because a lot of people are always lazy to do this, it is always easy for scammers to have their way.
actually the legal umbrella for fraud either in investment or in others. it's just that we have difficulty implementing it in this forum. because each other investors do not know each other. and the only one who can help us as deceived investors is the admin and team in this forum.
I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.
yes it must be admitted that the results of the whitepaper and the reality that occurred after the sale differ 180 degrees. it seems that only 20% of the total ICOs are available for 1 year. but actually there are also those who run according to the whitepaper, but the problem is that they are in the market position which is already quite severe. so that it seems that the price does not support it back even if the roadmap on the whitepaper runs perfectly
every whitepaper what I read impress me, it so promissing and perfect, but reality is not so good in 90 % times
Flashy white papers and website, as usual, a common practice from ICO's but the real problem is the actual content and the output that they will produce base on their roadmap the problem is most of the projects right now are extending due to lack of collection to token sale, I saw some ICO's scammers getting away from their project like nothing, project team member must do a KYC to show their authentication so if ever they are going to scam someone it is easy to track and to give sanctions to those people, however, they need to do submit it physically, I think that's possible.
Of course, there is a very big gap in this, because many projects are really very much and very essentially cannot do as they are written in white paper, I am sure that today many people still understand this.
Unfortunately, expectations about the project are usually not met. Every project wants to tell beautifully what a grandiose plan they have and how they will become popular, but they don’t want to do anything, or they don’t know how, or they are just scammers. The whole situation around the expectations of the project and reality is well reflected in this picture:
every whitepaper what I read impress me, it so promissing and perfect, but reality is not so good in 90 % times
Flashy white papers and website, as usual, a common practice from ICO's but the real problem is the actual content and the output that they will produce base on their roadmap the problem is most of the projects right now are extending due to lack of collection to token sale, I saw some ICO's scammers getting away from their project like nothing, project team member must do a KYC to show their authentication so if ever they are going to scam someone it is easy to track and to give sanctions to those people, however, they need to do submit it physically, I think that's possible. 
You know, I've already followed a lot of projects. I can tell you with confidence that many projects forget about white paper immediately after the ICO.
I do not invite you to blame each other.
but there is a point that must be the main focus, that is if more and more ico fraud, then crypto electability will go down and it is certainly something unpleasant.
I am sure everyone here is hoping for Crypto to move forward. and things like no ordinary thing no one has never been deceived, therefore I invite you to find a solution not a debate.
but there is a point that must be the main focus, that is if more and more ico fraud, then crypto electability will go down and it is certainly something unpleasant.
I am sure everyone here is hoping for Crypto to move forward. and things like no ordinary thing no one has never been deceived, therefore I invite you to find a solution not a debate.
As long as cryptocurrency is illegal in your country the police cannot help you with it. There is no legal basis for it unfortunately 
Forums such as this one are very helpful and informative. It's not the forum's fault if there were scam ICOs here. It's the people who decide where and when to invest. Now, it should be the part of the investors to make due diligence. In the case of regulating these ICOs, I'm really looking forward to it just like what Australian government trying to impose. In that at least regulations would somehow filter the list.
Reading whitepapers is very important to us for all investors and bounty hunters to know the project perfectly and no one can earn a real money if they joining lots of ico with not getting know it.
But it doesn't mean the project can reach the success in a long time because it will need more effort from the team to hard work in their project. But whitepaper can help them, the investors and the bounty hunters to know if this is the good project or not. Besides the whitepaper, they need to know the details about the project so they can determine later. Unfortunately, right now, it is hard to choose the right project because every ICO still on the progress to finish their project and sometimes, they need more time to give something to the investors and the bounty hunters.
Reading whitepapers is very important to us for all investors and bounty hunters to know the project perfectly and no one can earn a real money if they joining lots of ico with not getting know it.
I think there should be an undertaking by any project trying to use the forum for ICO promotion to guarantee that if the project fails that fund will be returned to the investors and the project owners must be physically identified not anonymous. They will proof that they are ready for the project with some evidence and this meeting will be at a place where the forum representative and the project team will meat physically and the documents signed before such project will be admitted into bitcointalk.org forum for promotion.
White paper is needed to attract investors as much as possible. Therefore, there is painted as if the project will never be more successful. In our time, and half of the written is not observed, because it is impossible. You need to really look at things
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