between whitepapper and reality - page 4.

chabapok

jr. member

Activity: 122

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The World’s First Blockchain Core

Quote from: gbale on October 06, 2018, 12:21:47 PM

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.

Yes exactly that is really big problem for crypto community but we are not trying to see something important.
If these regulations will come to crypto we cannot make 10x 5x in one day anymore.
Crypto space is really risky and because of that we can find a chance to earn money 5x in one day.
People always complaining about scams etc or they want regulations etc..
If you want secure place if you want regulations go to stock exchange bro. They are really regulated and guaranteed and stable and safe etc etc.
Why we are here. Because crypto is really risky but if we will find a good coin a good gem we can earn too much money from here.
That is the main issue in crypto space. So you need to learn how you can detect scam icos. You need to teach yourself and you need to gain
experience about that issues. after that i believe you will stop complaining about scams. Yeah too many investors losing money. i also lost too much money.
but i am not complaining why. because i gained too much experienced from my loses... and after some time i feel like pro now. I even cant invest any scam ico
anymore because i feel that scammy smell when i entered their websites. so the time is stop complaining and start learning and being professional in that space.

prtty2gal2

hero member

Activity: 1092

Merit: 523

Quote from: gbale on October 06, 2018, 12:21:47 PM

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.

Casualties should always have themselves to blame most of the time as they failed to do proper due diligence before deciding to actually invest in the first place. That is one problem we have always had in this space, people who tend not to want to do the needful to at least be careful of what they are getting into before eventually getting into it.

For anyone who wants to face reality, they should understand that whitepapers can be cloned and with that being said, what is important is to always check out the team as well as MVP before even making an attempt to go reading some whitepaper.

NikkiS

full member

Activity: 434

Merit: 100

The Protocol for the Audience Economy

Quote from: spiker777 on October 10, 2018, 02:44:30 PM

Quote from: disconnectme on October 10, 2018, 02:26:03 PM

By now people should understand that Whitepaper is a marketing tool, can anyone compare the whitepaper of Bitcoin to any of the recent ICOs, Whitepaper should be more of technical details unlike what we are seeing now that all its talks about is about marketing pitch. People need to wise up or these people will continue to scam you

That's the problem, people don't know this. They expect that that a whitepaper is a prediction of the future, rather than an absolute best case scenario which very few projects actually manage to attain. The whitepaper is very unimportant now, the main thing is actually the team composition and experience.

The main thing that the team wanted to do something and she had opportunities for it. You can write what you want in white paper, but not everyone can imagine a good finished product.

spiker777

sr. member

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Quote from: disconnectme on October 10, 2018, 02:26:03 PM

By now people should understand that Whitepaper is a marketing tool, can anyone compare the whitepaper of Bitcoin to any of the recent ICOs, Whitepaper should be more of technical details unlike what we are seeing now that all its talks about is about marketing pitch. People need to wise up or these people will continue to scam you

That's the problem, people don't know this. They expect that that a whitepaper is a prediction of the future, rather than an absolute best case scenario which very few projects actually manage to attain. The whitepaper is very unimportant now, the main thing is actually the team composition and experience.

disconnectme

hero member

Activity: 1876

Merit: 512

By now people should understand that Whitepaper is a marketing tool, can anyone compare the whitepaper of Bitcoin to any of the recent ICOs, Whitepaper should be more of technical details unlike what we are seeing now that all its talks about is about marketing pitch. People need to wise up or these people will continue to scam you

identifyuser

hero member

Activity: 630

Merit: 500

Are you a journalist? Very provocative title of the topic. White paper and reality, in many companies, do not touch.

NH

sr. member

Activity: 422

Merit: 250

not all ico cheat investor or bounty participant. but many of them cheat us.
how clever we are to choice which ico have good potential and have good future. and whitepaper can be your line but it can be very useful to help you which one is real or scam. just try your luck with your brain

passwordnow

hero member

Activity: 3066

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Leading Crypto Sports Betting & Casino Platform

Crypto's are decentralized so that's why there's no legality that's under it unless the country that the project will be operating requires it.

Your title looks far from what you want to say but in ICO world, you really can't tell in the earliest what's legit and fake. But most of them are scam and fake.

Sri rahayu

full member

Activity: 795

Merit: 108

For investors who only pay attention to the whitepaper, it is possible to be fooled, that is why it is recommended to research further until the development of the project, most fooled investors only see so many bonuses given without thinking using common sense. Crypto is a choice between trust or disbelief.

CodyAlfaridzi

hero member

Activity: 1708

Merit: 541

Quote from: gbale on October 06, 2018, 12:21:47 PM

and I want to see your opinions and solutions about this.

The solution is easy: stop giving money to these crappy ICOs. This way they will die off eventually. By this September, ICOs funding has reached a new low and that's great. I believe ICO will not be popular anymore in a year or two.

vina.lugtu

member

Activity: 392

Merit: 11

🚀🚀 ATHERO.IO 🚀🚀

The topic is misleading to its content. I will answer based on what I have read on your post.
As I research on scam ICO's, I was able to determine that no one got caught and the law does not apply to those scammers. Maybe there are people who got caught but not reported, I am not sure but if there are only few people are paying for what they have done, more and more acammers will just keep on creating scam ICO's.

leavolnhals

full member

Activity: 770

Merit: 101

Quote from: gbale on October 06, 2018, 12:21:47 PM

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.

I think this is a market of belief. So the risk is very high in investing in ICO projects. It is very difficult to find a great project. The best way to get a good project is to attend the ICO meeting. Good projects usually have face-to-face meetings and that makes it possible for investors to ask questions directly and to create great confidence for many investors.

The Cryptovator

legendary

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Merit: 2196

Signature space for rent

Your subject isn't appropriate with your main post. However, reality is totally different from whitepaper. Most of ICO are just copy pasting or plagiarizing from others lately. And almost ICO are same concept. So there is no chance they will follow whitepapers. I have caught lots of ICO with fake team and plagiarized whitepaper. That's the reason people's are discourage to invest on ICO. It will never end. Every day coming new scammers. Solution is just avoid buy token during ICO. You will able to buy more cheap from exchange if they list. If you would like to invest than you have investigate deeply. Not just see website and decide to invest. But better option is avoid ICO.

linkybit

full member

Activity: 560

Merit: 107

Keep Working

Before wasting any time on the project always check the team first and verify information on team members if possible and then take other research steps.

Sanchos

full member

Activity: 190

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Investors in cryptoworld can not be protected due meaning of word "crypto". Today in whitepaper team can write what ever they wish. We must analyse all information conserning project

shinchan123

full member

Activity: 504

Merit: 100

Quote from: gbale on October 06, 2018, 12:21:47 PM

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.

As you know the government has no complete control of cryptocurrency. That is why most people try to scam other people with fake ICO. It's really not that difficult to make one, some scam ICOs just copy other legitimate projects' whitepaper. It is sometimes investors fault that they easily get attracted on ICOs just because it promises good returns.

TobiasVR

sr. member

Activity: 626

Merit: 251

Quote from: gbale on October 06, 2018, 12:21:47 PM

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.

in this forum there is no official legal umbrella that can protect investors from failure or fraud ico, I see a lot of investors feel disappointed when investing in ico but do not get profit, this can be used as learning if whitepapper can not be used as the main reason for choosing ico that, many things are more important to be used as one of the benchmarks for choosing ico.

BALIK

copper member

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Anybody who thinks a whitepaper is even close to what the final product will be is delusional. I think Bitcoin and Ethereum are probably the only whitepapers that actually truly reflect the product. Most whitepapers just embellish the details and add a crapload of hyperbole in there just to grab as much investment as they can.

I am pretty sure that if you compare the predictions made in a whitepaper, with the actual products of all the most recent ICOs, you will find that at least 98% of them are outright fabrications and not even close to what is feasible.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: gbale on October 06, 2018, 12:21:47 PM

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.

Anonymity and no strong legal or laws that do protects investors is the main reason why these scams do pop out everynow and then. They can take millions without being traced
specially on anonymous owners/team.This is why its always been important to check things first before putting funds. Whitepaper isn't a sureball thing for you to rely on even no matter how good
it is, tendency of success and failures will always vary on how the team develops it.

Master of Shitcoins

member

Activity: 217

Merit: 10

Quote from: gbale on October 06, 2018, 12:21:47 PM

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.

Yes, it is true. Check every ICO carefully, most important is to check team! Team is producing ideas and needs knowledge, so if no knowledge you can be sure it will be no good project or a scam if team is fake. Double check at linkedin and for google pictures. Some are using fake pictures from google.

Quote from: gbale on October 06, 2018, 12:21:47 PM

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, if every team member stays anonymous you'll never find anyone and nobody can make a prison judgement. It's always important to check team.

If you can caught frausters it can end in jail.

Topic: between whitepapper and reality - page 4. (Read 1009 times)