I read the whitepaper of this project for an article on my crypto blog. What I know is the blockchain 3.0 and gives access to developers for accessing tools and resources for accelerating the development.
It contains more than blockchain 2.0, many things have been included with blockchain 3.0 tech!
I believe that ABT will create a new age for crypto currency
Team says that they don't create blockchain 3.0 but some platform for simple dApps creations. This not blockchain 3.0. Don't confuse!
Its just some bounty hunter shill, reddit is filled with them aswell, low quality posts on how supposedly amazing the project is. I was going to contribute but I'm not going anymore the reasons are:
1. CEO can't answer basic questions about the team and is overall very evasive.
2. Project used stock photo for team member listings, which is weird as hell and a huge red flag.
3. ArcBlock is not affiliated nor owns a patent on AlgoRand technology which they claim to use, after speaking with their support though (which was a huge pain because they can't speak proper English) They rely on a future partnership with the patent owner to implement it or will discard this later on the road, still advertising it as their tech and also in the whitepaper they make quite a big deal about it. Feels like I'm being lied to. Also I don't think the owner of the patent will want to affiliate himself with the project as he is aware of the current infringements ArcBlock is making on his patented technology.
4. Whole thing is illusive and strange, I feel like the CEO made it look as if ArcBlock is a huge deal and they got everything worked out, but the deeper you dig the more suprises you're in for.
I don't think it is a scam but things surely aren't what they seem, if this wasn't so hyped I really wonder if they'd get an ''honest investment''. Overall I think they're very deceiving. Was pretty stoked about it at first, but the CEO ruined it by not just being able to answer simple questions, also don't understand why he never took interviews from his office with a stable connection, maybe he doesn't even have an office, just like his team who's non-existant.
I guess it's what you understand under scam really, I don't think he will take your money and run off but I sure don't think he's honest and open with his investors/community. Whole thing is a sham if you ask me.