I am not making an accusation here, these business could potentially be legitimate but I would like to know your comments:
A proposal for a lottery
https://bitcointalksearch.org/topic/m.28975672
A project that mixes social networks, payment and every buzzword out there. This is all over the forum with various ANN threads.
https://bitcointalksearch.org/topic/bountytoken-saske-the-currency-of-the-future-up-to-1300000-2748393
What is wrong with these projects?
They want to have a market cap of 100 million and more than 7 BILLION respectively right from the start.
How?
Launching lots of tokens and selling only a few for a relatively high price.
Example:
The lottery project issues 100 million tokens and sells a small amount for 1 USD. The theoretical Marketcap is 100 Million. The sad reality is that every dollar you put into it is basically lost, because that is unlikely to be true.
The other project is even worse. They intend to have a market cap of more than a Billion USD. Investing on these gives you exactly the same result: loss of all investment unless they became the next Facebook.
The only unlikely possibility is that these business were actually worth 100 million and 7 billion. Do you think they are?
A proposal for a lottery
https://bitcointalksearch.org/topic/m.28975672
A project that mixes social networks, payment and every buzzword out there. This is all over the forum with various ANN threads.
https://bitcointalksearch.org/topic/bountytoken-saske-the-currency-of-the-future-up-to-1300000-2748393
What is wrong with these projects?
They want to have a market cap of 100 million and more than 7 BILLION respectively right from the start.
How?
Launching lots of tokens and selling only a few for a relatively high price.
Example:
The lottery project issues 100 million tokens and sells a small amount for 1 USD. The theoretical Marketcap is 100 Million. The sad reality is that every dollar you put into it is basically lost, because that is unlikely to be true.
The other project is even worse. They intend to have a market cap of more than a Billion USD. Investing on these gives you exactly the same result: loss of all investment unless they became the next Facebook.
The only unlikely possibility is that these business were actually worth 100 million and 7 billion. Do you think they are?
how do you define in crypto a scam? seriously?
practically every cryptocurrency sect claims from itself its undervalued and more valuable than other token...
why is bitcoin not a scam? everybody that works for bitcoin can also then work for other cryptos as well
in my oppinion the biggest scam of all is bitcoin itself,
You have to be kidding... One thing is to say that your utility token is worth x2 or x5 the ammount you intend to rise on an ICO. Here we are talking about x 1 000 000 000 .... Can´t you really see the difference, or is just that you did not read.
BTW, if you think BTC is a scam .. why are you here?
