Can whitepaper still shows the weakness of a project and their team - page 5.

Myleschetty

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

Yes, the whitepaper still shows the weakness of a project and its team because the level of the project team's enthusiasm for what they are planning to present to the world will be showcased through the whitepaper. Besides, the whitepaper is like a parking slot for a project among others.
People who are guilty of whitepaper plagiarism are always teg by the DT member.

Coyster

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

Mind you that even these days projects that have original whitepapers written by themselves from scratch are more often than not scam projects, not to talk of a project whose team is so lazy that they can write out what the objectives of their project is by themselves in their whitepaper, but have to copy and paste that of another project, that is definitely an obvious sign of a scam project that will either run away with people's money, or produce worthless coins that would be useless even right from the moment of distribution.

Having said that, a whitepaper remains very crucial in an investors assessment of a project and its potential, though there are also other things to look out for, and even if it is practically impossible to know if a project is/will be good/bad, it's much more better to avoid those that look so shady from the beginning.

crwth

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Do you even know what the whitepaper is for? I don’t know where you got that information from where it doesn’t matter much anymore, but it’s the soul of projects in which you would know what the project’s objective is for. This should also have some related literature in which you should have a supporting study to improve the project.

Do not invest in something plagiarised or just duplicated of one because that’s probably something that isn’t ready and worthy. Imagine investing in a class B that is just a copy of the original. Do you think it is worth it?

TheUltraElite

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects?

Why just newbies, it is a red flag for anyone having interest in the project.

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I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

Bullshit whoever told you that or if you made that up. Projects doing a similar objective will fail because they always have some or the other mainstream competitor and crypto is a niche cult, not able to nudge that.

Copying words and copying whitepapers is not the same.

The second one is plagiarism and is unethical, which in this sphere only means one thing: SCAM.

Copying a few words seems like the bullshit that such scams feed its possible investors. Do some language checkup of possibility of translated language and you will find out that word spinning was done to fool users. This is very common among scammers.

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What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

Always a scam. Not an ounce of doubt here.

hd49728

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Quote from: hugeblack on September 27, 2022, 10:03:00 AM

It is an indication that the project will be a failure. If the white paper is weak, the project has nothing new to offer.

Whitepaper is a tip of iceberg. If a tip is bad, others should be bad too.

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On the other hand, a well-written white paper does not mean that the project is successful or that it will achieve many profits.

However if a tip is good, it is not enough to conclude others are good too.

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In general, it is considered one of the indicators in addition to various factors.

True. Investors must need and use more indicators to assess a project. One of them is token distribution. Is it fair distribution? Is the token controlled by a few whale wallets?

It should be signal to consider about scam, rug pull and potential dumps on market later.

hugeblack

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

It is an indication that the project will be a failure. If the white paper is weak, the project has nothing new to offer.
On the other hand, a well-written white paper does not mean that the project is successful or that it will achieve many profits.
In general, it is considered one of the indicators in addition to various factors.

hyudien

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

The whitepaper of projects that have the same essence shows that the project does not have its own characteristics. Because the whitepaper is a reference for investors regarding the objectives and functions to achieve the program, so when investors are interested in the project because there are things that distinguish it from other projects. Well, this is where the original value of a project can be seen from the whitepaper. No wonder there are so many projects that copy whitepapers from other projects the results don't last long. My suggestion is that the project should have an advantage that distinguishes it from the others even if it is only 1% difference, it will still be a reference for others to be interested in.

hichamito37

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

To evaluate a project, you need to consider many factors, not just the whitepaper but once you have plagiarized, stealing other people's ideas is no longer believable. Even the whitepaper they can't create, they certainly don't intend to develop the project seriously. You should stay away from them without further consideration.

aysg76

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

How come both the projects have the same idea realisation until they are one? Suppose two projects are working towards a common goal but their way of working should be different from others otherwise which one you will choose? The proof of concept is your own and if it's original it can never be same so it's definitely a red flag for those projects.

You can have some references from others while framing one of your own white paper if you don't have idea about it but as you say copy paste then what's the advantage of those projects who can't clearly conceptualize their own idea and framework? So have some other options.

Kelvinid

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Yeah, you're right OP. Scammers do a copy from successful projects and use this for their project making to believe that they can trick people and yes, many investors got it because they are lazy to read the whitepaper and that was the truth, only a few bothered themselves and spend time reading it. But, those critics make use of this to detect projects that are less potential and close to scams. Grammars and spelling are one of the common things to be found to an unreliable projects.

BlackBoss_

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects?

One of biggest red flag because it's plagiarism and why team members do this?

Because they don't have ability to write their own white paper, own concept and do you think they will build good products?

It can be because they are lack of resources for writing a good whitepaper. It means their team are very thin and probably weak, incapable.

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I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

Heard?

Could you give me examples of big projects you heard like that, please.

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What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

If you find plagiarism in a Whitepaper, you should not invest in that new project. There are many projects that have years here and you will be safer to invest into old projects.

Taskford

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

Actually yes since if they cannot give any detail explanation towards where there project heading in the future then maybe we can conclude that the owner of the project just want to rush things and plan to scam people. Because they will not give any trash contents to their investors if they are serious on their created products and its roadmap.

mk4

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If a "big project" does copy a whitepaper, then stay away regardless if it's big or not lmao. A project being "big" and having a lot of publicity doesn't automatically make it a legitimate/viable project.

Eternad

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Some scam project still copy other project whitepaper because this the hardest part of the project if they will do it genuinely for just the sake of scamming people. Investors rarely investigate for a possible plagiarism which is why scammer still not being cautious about this. They sometimes just use some rephrasing app to dodge plagiarism detector appbut a serious investigator will surely spot the similarities if he is familiar with other project whitepaper.

examplens

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

You got one thing wrong, plagiarism is not an undesirable behaviour among newbies. this applies to everyone, regardless of experience. I don't mean only this forum. that is not desirable in any industry, why would it be acceptable in crypto?
even if the idea is very similar to an existing business, it can always be made to be unique with an emphasis on the improvements it offers. if someone can't even put in that much effort, I would say that the whole team deserves a red flag.

Zaguru12

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The red flag one could actually find out from a project's white paper is, if the project promises to solve a particular technical problem of other projects that ideally does not need any solution then there is every tendency that the project will fail.

Price and Allocation of Token : if the project's market cap is very high after token supply and pricing then that projects looks suspicious because ideally it is best to have low token supply.

Roadmap: one should should look strictly into the technical development of a coin. Most important info should be about the mainnet. If its delivery is promised with few months without the development starting long before the ICO then its a suspicious project

Despairo

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Alright please mention the big projects that copying other project whitepaper you've above.

When there's a project which have a goal to make a decentralized currency and doesn't need a third party, why it's needed to create another project to create decentralized currency and doesn't need a third party in the first place? Of course the project only want to make a project that's really successful and the goal is to get money.

I'd say any fork or copycat projects are scam.

cryptoaddictchie

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Quote from: KiaKia on September 26, 2022, 12:06:05 PM

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or bad for investment.

Actually copying concept or idea from others are allowed or let say playsafe cause most projects didnt have different agenda from one another, what is wrong is the lazyness to copy word for word and in every rules its prohibited and subject to a crime.

Plagiarism is a serious offense and once you do it here on forum there are corresponding sanction.

noorman0

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Today there are many "impromptu developers" who don't even know how to describe what they're building. A common reason is that they hire WP writers, that's after they've been caught plagiarizing.
I can't remember the last time I checked the WP of a project, but I think my time was too valuable to study the current projects that are on average no improvement over existing projects. Let's just say it's all a scam.

lovesmayfamilis

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If the idea is copied, and it also happens that team members are copied, or fake photos are added to team photos, to which the organizers later explain that fake photos are for privacy, all this suggests that this is a scam.
At the same time, copying, and even a partial change, speak only of the impending scam. It happened many times. To collect money from future investors, scammers do not disdain anything, add strangers to the team, and copy other people's ideas.

Topic: Can whitepaper still shows the weakness of a project and their team - page 5. (Read 931 times)