Topic: Enough of repetitive projects and old ideas - page 7. (Read 1730 times)
All we need to do is learn to avoid such projects, leave them be and watch while they bleed out, stop warning developers about creating repetitive projects, they are looking for fast way to make money so all they can do is steal from other projects, it's only a matter of time before the projects end up dead
Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas
Bring in something NEW or don't bother at all
Bring in something NEW or don't bother at all
You are right, there are too much projects with the same fundamentals and in a overpopulated market only the coins with good marketing behind can survive.
An idea is create collaborations for have an ecosystem when spend this coin, better if with benefits
Crypto space is a free haven where no law can hold anybody for building or creating projects, we the investors are the only thing that can stand against bad projects, when they do show up we have the right to ignore if they aren't good enough, we are the police of ourselves in crypto space, the ball is in our courts, bad projects will keep coming, be ready
Those that copied others before now are already dying while those currently copying others too, will soon join their counterparts and die too, it is not rocket science but just the truth, because the team who copies other projects can't sustain it owing to the reason they don't have the right knowledge and experience. Also, reason why most of these copied project tends to boom in the early stages is that they try as much as possible to build enough hype since most people likes hype, they will be attracted to get their own share of the platform, most times they might succeed and most times they might not, thus showing that this behaviour of copying projects will still continue for while. Am not supporting it but that's the nature of things now, and yes we need new ideas.
Developers should stop if all they have are old ideas or repetitive projects, we have over 7000 altcoins in crypto space, that's more than enough and even out of those 7000 altcoins 90% are bad projects, enough is enough, if no new ideas just stop.
Not much you can do when investors are still gullible enough to invest into those and bounty hunters are greedy enough to work for them.
If I create a new project right now with about 210 million token cap and tell people that I will give 100 million of it away, 80 million to investors and 20 million to bounty hunters and the price of that coin will be 0.1 cents on the market when it first starts, all I have to do to convince people is to pay them and have a great marketing, as long as I have a good team I can convince them.
Even if my whole idea was a scam and I just wanted to steal their money and get paid and just take that money and leave, I could even leave the project behind to someone who wants to rule it and I would be out of all the trouble as well and still live with the millions of dollars I made from it.
Right! That's just so complicated. Even investors and bounty hunters can't clearly distinguish between scam projects and new potential projects. It's hard for all of us. It's even harder for investors if we ask them to invest their money in something totally new (that is likely to be a scam one). If I create a new project right now with about 210 million token cap and tell people that I will give 100 million of it away, 80 million to investors and 20 million to bounty hunters and the price of that coin will be 0.1 cents on the market when it first starts, all I have to do to convince people is to pay them and have a great marketing, as long as I have a good team I can convince them.
Even if my whole idea was a scam and I just wanted to steal their money and get paid and just take that money and leave, I could even leave the project behind to someone who wants to rule it and I would be out of all the trouble as well and still live with the millions of dollars I made from it.
Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins,
There's a lot of them around trying to make money by these foolishness artworks in crypto. We can't stop and the sad note is that they are ruining the market reputation which gives a reason for investors not to invest a new project even we saw the potentiality of this.Bring in something NEW or don't bother at all
They'll keep doing to clone the project and take the benefits of this. Scammers will keep themselves as a scammer coz they know that they could still find a way to scam people.Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins,
There's a lot of them around trying to make money by these foolishness artworks in crypto. We can't stop and the sad note is that they are ruining the market reputation which gives a reason for investors not to invest a new project even we saw the potentiality of this.Bring in something NEW or don't bother at all
They'll keep doing to clone the project and take the benefits of this. Scammers will keep themselves as a scammer coz they know that they could still find a way to scam people.
One truth we seem to neglect when criticizing repetitive project is that the blockchain preaches freedom, which is the all mark of decentralization. We cannot just rebuff of old projects that are repetitive; we also need upgrades. The question should be, are new repetitive projects more remarkable than old existing ones? Is it superior in operation and terms of use ?
I do agree with your point. Too much projects who are working on the one idea.
I can take a smartcontract idea that was created by ethereum and then so many copycat projects have been appearing like tron, eos, tezos, zilliqa and many more.
Payment solution : CRPT, CRYPTO.com, uquid, wirex etc
we need a new idea.
Single coin can't fulfill both smart contact and our privacy. In smart contact you don't have privacy, anyone can check your transaction. If any coin has the same opportunity with privacy. You have to fix it before making this transaction that either you need privacy or anyone can see. When you use this coin as payment methods, automatically select privacy Options. I can take a smartcontract idea that was created by ethereum and then so many copycat projects have been appearing like tron, eos, tezos, zilliqa and many more.
Payment solution : CRPT, CRYPTO.com, uquid, wirex etc
we need a new idea.
Not much you can do when investors are still gullible enough to invest into those and bounty hunters are greedy enough to work for them.
If I create a new project right now with about 210 million token cap and tell people that I will give 100 million of it away, 80 million to investors and 20 million to bounty hunters and the price of that coin will be 0.1 cents on the market when it first starts, all I have to do to convince people is to pay them and have a great marketing, as long as I have a good team I can convince them.
Even if my whole idea was a scam and I just wanted to steal their money and get paid and just take that money and leave, I could even leave the project behind to someone who wants to rule it and I would be out of all the trouble as well and still live with the millions of dollars I made from it.
If I create a new project right now with about 210 million token cap and tell people that I will give 100 million of it away, 80 million to investors and 20 million to bounty hunters and the price of that coin will be 0.1 cents on the market when it first starts, all I have to do to convince people is to pay them and have a great marketing, as long as I have a good team I can convince them.
Even if my whole idea was a scam and I just wanted to steal their money and get paid and just take that money and leave, I could even leave the project behind to someone who wants to rule it and I would be out of all the trouble as well and still live with the millions of dollars I made from it.
This is what happens when there is no regulations in the industry. Most of these projects have absolutely nothing to offer and are only out to grab the most amount of money they can get. There are over 500 projects in the industry all repeating the same ideas or concepts without trying to provide solutions to anything. These projects float IEOs and once that is done, they pack up and run away or stop developments all together thus, disappearing with investors funds.
And several of them just repeat the old ones because they plagiarized the entire thing. Look at the scam accusations board, a lot of them have plagiarism issues. They don't bother to rephrase some of the copied paragraphs but entirely copied them. Developers are getting lazy, copying the source codes and just editing some parts of it. This is also the prob of most open-source projects. One can copy without asking any permission. And some of them even forget to change the names within the code. Maybe it is okay to copy the business model as long as they can truly implement their objectives. And not just grab money and go.
This is what happens when there is no regulations in the industry. Most of these projects have absolutely nothing to offer and are only out to grab the most amount of money they can get. There are over 500 projects in the industry all repeating the same ideas or concepts without trying to provide solutions to anything. These projects float IEOs and once that is done, they pack up and run away or stop developments all together thus, disappearing with investors funds.
I'm tired of new projects as well, it's annoying how new projects pop up nowadays with fake teams or unprofessional teams and they start looking for funds through IEO, I wish their is some kind of ways to know which team are qualify to build crypto projects
Same here. My interest for new proposed projects and innovation is gone due to the things that happen these past two years. The majority of these projects are just created for money grab if not for scamming people. Even those legit projects that we thought would revolutionize the payment industry fell short of their promises. Funny how they under-deliver/underperformed when they collected millions of dollars. So even with new ideas, I just ignore them when the IEO, ICO appeared beside their project name.
Your point is valid, since 2009 there are a few new innovative crypto projects. Many altcoins just use smart contracts then clone existing projects. Scammers are notorious for doing this. They are not interested in innovation,or creating a new project, all they want to do is extort investors. After cloning an already existing product, they rebrand sometimes the plagiarize from the original whitepaper.
Once you can spot a recycled project, you are one step closer to avoiding scam. This is more reason why you need to thoroughly research a project before you invest. Lots of investors that do not carry out due diligence usually fall for this scam - repetitive and rehashed projects. As matter of fact, some teams are fully involved in this and on their website, you'll find questionable and funny characters as team leaders including copied Whitepapers.
Once you can spot a recycled project, you are one step closer to avoiding scam. This is more reason why you need to thoroughly research a project before you invest. Lots of investors that do not carry out due diligence usually fall for this scam - repetitive and rehashed projects. As matter of fact, some teams are fully involved in this and on their website, you'll find questionable and funny characters as team leaders including copied Whitepapers.
In short, because most of the new altcoins nowadays are here just to SCAM people.
That's why most altcoins are repetitive projects, no originality or not being unique.
This happened relatively because of what emerged last 2017, the cryptocurrency is booming on that year leaving a huge opportunity of scammer to fraud people, now gullible people are not aware that this is already happening until 90% of projects ran away with their money. And I must agree, new coins being introduced to the market are not having enough support to withstand the competition due to the problem the happened few years back. That's why most altcoins are repetitive projects, no originality or not being unique.
For me, as time goes by, projects that are no use or shady will become not effective anymore because most of the investors will get lessons for past projects they tried to invest.
I'm scared people will lose their confidence and trust upon investing with cryptocurrencies especially the new ones. What I think is that, the investors will just stick to old projects and trading cryptocurrencies.
I'm tired of new projects as well, it's annoying how new projects pop up nowadays with fake teams or unprofessional teams and they start looking for funds through IEO, I wish their is some kind of ways to know which team are qualify to build crypto projects
This has been one of the major issues in the cryptocurrency market. There is extreme fragmentation in the market, and as a result of this we have dozens of projects chasing after the same idea. And as a result of this, none of them will be able to attract enough funds, and in the end the project will die gradually as a result of lack of attention from the investors.
The last two years there have been many new projects that have been toppled, most of them failed in developing projects or projects that they have in common with other projects and are unable to compete. Indeed, for the time being, a project that provides new innovations is needed so that investors can be interested. It can be said for me that it is quite difficult when releasing a project that provides the latest innovations, but I'm sure there are still many people who are far more reliable and qualified.
To work on something new is not that easy but not impossible, 80% of developers in crypto space have no clue what they are doing, some even lied about their professions, that's why we have too many bad projects in crypto space, repetitive projects aren't entirely bad and there will be too many competitors to push back, will be very challenging for serious projects from serious team, that's why im against repetitive ideas
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