Topic: Crypto has gone to shit - page 47. (Read 5068 times)
Well, I notice that the scams have recently become more frequent. And this is a little alarming because in fact we are in no way protected from scammers. But still it's silly to blame anyone. We ourselves choose where to participate and what we naively believe in frank shit is purely our problem, not others. Therefore, you need to more carefully choose companies.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
now really got a lot of fraudulent coins and it's very difficult to determine if the project is really fraudulent or reliable. Technology exchange is happening every day, the world is progressing and it's good, and people who want to make money fast is everywhere
it was inevitable! but this too will pass, with time it will become more difficult to deceive people by fraudulent ICO. Losing your hard-earned money, many people will simply leave the crypto currency, and those that remain will not be deceived.
I understand what you are saying and that's why I think regulation will play a critical role in validating crypto markets. It's just like the .com bubble, where people tried to make money out of the innovation hype. There is a lot of hype in crypto as well, and people are showing some exuberant and irrational behavior, that is not good for the markets. I'm glad we had this crash, and we will probably have a few more which is a good thing. This way only good projects will stay alive, the hype will go away, and people will start investing only in good projects.
This should not suprise us actually. When something is completely about money you can't expect everything to be clear and fair. As you said so many scammers around which are trying to take advantage of money flow. Also so many greedy entrepreneurs around all they want is collect money from investors and get away with it. We need to be very careful about where we are putting our money , time and efforts.
blame these people from developing countries trying to cash in on airdrops or fake ICO's and other scams, they are ruining everything.
So you mean to say that people in developing countries aren't entitled to make money on crypto ??
Get real man, the internet is global, so is crypto !!
second that... what kind of a mentality is that about people from developing countries trying to cash in... Everyone is doing what they can to make some money in the market. All my friends and me in the developed country also do so. The person who wrote that also obviously did so.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
That is so true and also a part of every business, new technology, and every other aspects of market.
btw.. to your 'fucking crash to clear out the shitcoins and scams part', it is only going to hurt the innocent investors... the greedy, scammers and the worthwhile devs are gonna come back after the crash.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
I'm fully aware and understand your sentiments. I was a victim of a ICO that turn into a scam, though its not a big deal to me since that amount is just small. And that fucking ICO didn't even reach 1 millions, not even half a mil, but they ran off with the investors money. That's how the market turns out to be, they don't fucking care as long as they can get money from their unsuspecting victims.
But I have to disagree that we need to get ride of this scams right away. Want we need is due diligence on our part. And we should be active and report if you small ICO's that is not trusted and legit at the very beginning. As for Satoshi's vision, a lot has changes, even he didn't see that his invention would turn that big. How about the big blocks? He didn't increased it because he thought that it will not be max, but with today's volume, the cost of transaction is not cheap anymore that's why Bitcoin ceases to be a micro-payment scheme as he originally thought. But that's another discussion.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
Well, you don't want regulations? There are no regulations as of yet. And yes, people are using ICO's instead of KickStarter, they're already on an exchange from the start, don't need to waste more money for that. Some of these projects are good and even if there is another crash, it will not clear anything, new will pop up..
blame these people from developing countries trying to cash in on airdrops or fake ICO's and other scams, they are ruining everything.
So you mean to say that people in developing countries aren't entitled to make money on crypto ??
Get real man, the internet is global, so is crypto !!
Another crash is not going to help with this. Once the market recovers a little bit, people are going to start launching ICOs once again. It is an easier way to make money for a lot of people , so it is up to us to be careful with our money and not invest in pointless coins.
Think everyone already knew this. Yes, ICOs are to blame when they're asking for millions to do things that are nowhere near the complexity of what Bitcoin tried to do without any money. But people themselves are to blame for funding these projects, and allowing devs to use the money as they please without questioning. But that is the way it would have gone, no one would be a genius for predicting that the moneygrabbers would come to play. Just take it in and let it go. That's how it the world works
What's wrong with that? Would you prefer one Mt Gox to rule them all? The more competition the better. The more choice the better. I do wish everyone would please start to use decentralized exchanges more though.
And too many fucking exchanges.
What's wrong with that? Would you prefer one Mt Gox to rule them all? The more competition the better. The more choice the better. I do wish everyone would please start to use decentralized exchanges more though.
People obviously want to put money into ICOs, the good ones and the rotten ones, it's their decision. Think survival of the fittest. The more people get bruned a bit the more they get scared and with a bit of luck start learning in order not to get burned again. This isn't ICOs fault, it's an evolutionary principle we have known way before we knew how to light a fire.
Decentralized exchanges for the win!
Crypto is evolving and we all need to kaap pace with that, so no its not gone to $h1t.
It is like the survival of the fittest both in ico's and us users,
for ico's the good ones will survive and the scams ones should fade away,
Unfortunately people are going to get caught in the crossfire but we have to learn not to repeatedly getting caught.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
I hope your next hope will not be connected with the destruction of mankind, to get rid of crimes and the dark side of the medal in general 
The industry needs regulation.
But regarding all the coins, get used to it. Cryptocurrency is open source. Forking is natural and common on open source projects.
But regarding all the coins, get used to it. Cryptocurrency is open source. Forking is natural and common on open source projects.
Think everyone already knew this. Yes, ICOs are to blame when they're asking for millions to do things that are nowhere near the complexity of what Bitcoin tried to do without any money. But people themselves are to blame for funding these projects, and allowing devs to use the money as they please without questioning. But that is the way it would have gone, no one would be a genius for predicting that the moneygrabbers would come to play. Just take it in and let it go. That's how it the world works
What's wrong with that? Would you prefer one Mt Gox to rule them all? The more competition the better. The more choice the better. I do wish everyone would please start to use decentralized exchanges more though.
And too many fucking exchanges.
What's wrong with that? Would you prefer one Mt Gox to rule them all? The more competition the better. The more choice the better. I do wish everyone would please start to use decentralized exchanges more though.
People obviously want to put money into ICOs, the good ones and the rotten ones, it's their decision. Think survival of the fittest. The more people get bruned a bit the more they get scared and with a bit of luck start learning in order not to get burned again. This isn't ICOs fault, it's an evolutionary principle we have known way before we knew how to light a fire.
Decentralized exchanges for the win!
If you do not have the knowledge of the crypto market, it will not be like a money bearer who goes to the common good without receiving anything. invest knowledge. Without knowledge you will forever be the loser
Think everyone already knew this. Yes, ICOs are to blame when they're asking for millions to do things that are nowhere near the complexity of what Bitcoin tried to do without any money. But people themselves are to blame for funding these projects, and allowing devs to use the money as they please without questioning. But that is the way it would have gone, no one would be a genius for predicting that the moneygrabbers would come to play. Just take it in and let it go. That's how it the world works
What's wrong with that? Would you prefer one Mt Gox to rule them all? The more competition the better. The more choice the better. I do wish everyone would please start to use decentralized exchanges more though.
And too many fucking exchanges.
What's wrong with that? Would you prefer one Mt Gox to rule them all? The more competition the better. The more choice the better. I do wish everyone would please start to use decentralized exchanges more though.
Do not give resources and money to scam and bad projects they will disappear as fast as they started. People is voting what they want with money
Until people are so stupid as to buy any shit, scammers will act. This is a natural process in our world.
Scammers are everywhere and even before Cryptocurrency era, they're just everywhere and as long as there's a lot of people who aren't good enough on spotting scammers then those bad guys are always taking advantage on people's weaknesses.
I know investing in Crypto Market requires strong will and determination because we don't want to lose our hard-earned money will fall into scammers but in reality there are so many young investors are now victimized by professional scammers and some of them were losing their Crypto Assets due to hacks and attacks.
Scams and frauds were just part of the game but this time people should be aware that Cryptocurrency investment had many risks due to it's volatility and the item that we're going to invest are intangible and any time we're going to lose our investments if we're not careful and vigilant.
You are absolutely right, a lot of icos are taking advantage of investors nothing to offer no prospect they just wake up in a day and decide to have their own ico tokenizing what can't be tokenize ico should be regulate it is being abused the way they are flying around everyday.
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