between whitepapper and reality - page 5.

BitcoinHunt3r

legendary

Activity: 2954

Merit: 1155

Leading Crypto Sports Betting & Casino Platform

Quote from: gbale on October 06, 2018, 11:21:47 AM

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.

Confused too sometime whitepaper is too good to realize, even with roadmap i never see good thing with the token itself when already in market. But as long we already know it, maybe now we can learn from that thing to pick which is good ico that we can invest.

Denreal

jr. member

Activity: 784

Merit: 6

First, i would say that our destinies are in our hands. The onus is on us to always research every project we intend investing in.
Do not invest because a project is promising your some bonuses o anything attractive.

aioc

hero member

Activity: 2926

Merit: 567

There is really no guarantee what you are going into I have seen so many ICO with good rating but failed to deliver the goods not even a good whitepaper can guaranty success, it's easy to create a good whitepaper today because there are services that can do that for you, creating an ICO has become so easy than three years ago.

crimsongoth

member

Activity: 588

Merit: 18

I had the opportunity to review many ICO projects. All projects have many promises on their whitepapers. And most of them don't make real these sayings in any way. Therefore, I don't even follow projects that don't present a real product or service.

Emilyp

member

Activity: 546

Merit: 10

The whole point of cryptocurrency being Decentralised has made it difficult or almost impossible to cramp down on scammers since most of them hide under anonymity or use fake identity. Moreover in most jurisdiction there is no laid down rule govering ICOs so basically you can prosecute them.

Cryptodiscuss

member

Activity: 518

Merit: 10

You can always rely on team that already delivered their promises in some other projects. There are a lot of experts in different project out there. Creator of EOS was blockchain engineer for STEEM so it was obvious success.

kenman

jr. member

Activity: 196

Merit: 4

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: gbale on October 06, 2018, 11:21:47 AM

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 it's up to us and investors to check carefully everything about the project, the team or a coin. after all we are responsible for our money. and it's our problem if we can't spend some time for investigation

Ulya63

jr. member

Activity: 420

Merit: 6

In many countries there are no such laws to protect cryptoinvestors. Maybe in Usa sec it is trying to regulate the ico market, but many simply go to other jurisdictions, for example, to Malta. No one gives a full guarantee of security of funds if entered into the ico project. But you can somehow reduce the risks of using companies with escrow. For example, the daox protocol where investors decide themselves what to pay for the project team for further development.

Red-Apple

hero member

Activity: 1470

Merit: 655

i have been warning about this for a long time now. some people think looking at the project, its whitepaper, the website, even seeing the pictures of developers automatically means the project is legit! but the fact is all of those things are publicity stuns. some projects actually pay others to write their paper for them! it is like a job now "white-paper-writer"...
and in the end it is all done to take that money from you in the name of ICO and give you some useless tokens in return which continue to decline as everyone dumps them.

jimmyd178

newbie

Activity: 80

Merit: 0

Quote from: gbale on October 06, 2018, 11:21:47 AM

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.

The growing number of scam projects has made it even difficult to differentiate real ICOs from scam. This is a growing problem for the crypto community and also damaging to this unique fund raising model. Crpto-community should come up with a way to mitigate this, Personally I see Mfchain as one ico that will stand the test of time and present value to it investors. Every good investor should do their home work before investing.

acmakc12

member

Activity: 504

Merit: 19

Whitepaper is not a really expensive thing, everyone can buy this for 100-200$ with good quality, in my opinion that is wrong way, how u can discover ico scam or not.

bolshojkush

sr. member

Activity: 784

Merit: 256

Binance #Smart World Global Token

Quote from: gbale on October 06, 2018, 11:21:47 AM

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.

The advantage of cryptocurrencies in the absence of legal regulation by anyone. If you introduce legal regulation, you will pay taxes and you will be controlled in every way. The whole meaning of cryptocurrency decentralization will be lost. Just learn to distinguish good projects from SCAMS.

BogdanGFTP

full member

Activity: 504

Merit: 101

I think that if crowdsales will remain decentralized we will see a lot of scam projects again and again. We need more centralization for quality control like it is in Kickstarter. Decentralization is good for payments but is not so good for investments.

oioi

member

Activity: 355

Merit: 10

A p e S w a p ///$BANANA Farms

Quote from: ashmodeus on October 06, 2018, 01:06:55 PM

Quote from: gbale on October 06, 2018, 11:21:47 AM

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.

well
interesting
as far i know ,
forum have no special actions about such things.
of course on forum have special person to judging something like that,
but , u know , since a millions ico come ,
its very hard to finding them one by one.
btw, dont judge to forum, because that not 100% mistake from forum
actually the point about it just from investor self, i guess.
research and research before joining , about profit ,
we can talk if their project success,

I strongly agree not to blame the forum because the forum is only for discussion,
the problem of an ICO is fake because of the lack of investigation of someone who
jumped in the ICO, as if he would invest carefully he would not fall on a fake ICO.

yslyv

hero member

Activity: 1078

Merit: 537

well, i also saw so many scam project with very well prepared whitepaper. so whitepaper is not my reference anymore. i check team more. team must be known, real and popular people. and they should be accessible as well.

antsam

full member

Activity: 2044

Merit: 109

It is very unfortunate that it happened in a number of ICOs, I only recommend that choosing ICOs choose by reading the Whitepaper and seeing the people behind the project. There are several ICO projects that already have legal entities, such things that can be considered by investors

turkmachiavelli

full member

Activity: 434

Merit: 100

Absolutley you are right but this issue is really complex to understand and solve. I think that bigest work is on us in this issue because ıf we search a lot things about these icos like you are saying, We can decide which is trustable or scam.

learntonoob

copper member

Activity: 85

Merit: 0

FinanceX Exchange

We can not know which one will cheat on us for 100%. Be selective and very carefull before choosing any of that.

sud

sr. member

Activity: 826

Merit: 301

I think there is no solution for this problem unfortunately. There are so many new ANN threads with scam tokens, it is simple impossible to keep track and moderate all of them. But we should at least try to delete or tag confirmed scam threads, so new users will be aware and won't invest any money.

igor.vanyutin.83

member

Activity: 294

Merit: 10

Almost no ICO nowadays has a product, at least an MVP. It is normal, that ICOs are writing a whitepaper, open up a community and start to collect funds already. We need to see more working products from the top 100 coins.

Topic: between whitepapper and reality - page 5. (Read 1036 times)