Topic: majority of blockchain project has lost focus - page 2. (Read 669 times)
majority of blockchain project is dead and useless. Its much worse than just loose focus
I dont think they had focus to begin with. Too much printing out money into thin air. Why should they carry on working? They have our money from the ico there is no reason to go on so they dont. They take the money and run. Thats why dont support shit. Its oretty easy to tell a shit project. People just lie to themselves about projects. They dont want to know the truth and they lie to themselves as they do not want to be wrong. Losing their money is less important to them when being wrong.
What you affirm is true, in the rise of ICOs many criminals took advantage to make scams and there are still advertisements offering exhorbitant profits where a scam is clearly hidden, for that reason we must be quite careful and the issue of regulation is important, However, there are many serious projects that are working in a good way.
So many projects are scams because people think it's easy to start a coin and make money. They think it's all about advertising so they put money in to create beautiful sites, animated graphics advertising videos, pay influencers start discord channels and then there's not enough interest so they scam to take people's money and get something out of it.
Starting a crypto company is not an easy thing and it takes time. People want money to start flowing in a month or two and get fucked.
Starting a crypto company is not an easy thing and it takes time. People want money to start flowing in a month or two and get fucked.
Because of lack of knowledge of people too, they were trapped from the promise of the team, they don't know what they really doing, they were just taking risk thinking that their life will change in just a short period of time.
Having a good marketing strategy should not be the basis for us to invest, it was just a trap, so be careful.
So many projects are scams because people think it's easy to start a coin and make money. They think it's all about advertising so they put money in to create beautiful sites, animated graphics advertising videos, pay influencers start discord channels and then there's not enough interest so they scam to take people's money and get something out of it.
Starting a crypto company is not an easy thing and it takes time. People want money to start flowing in a month or two and get fucked.
Starting a crypto company is not an easy thing and it takes time. People want money to start flowing in a month or two and get fucked.
simply because this industry is growing and scamers also love to lurk around it because there are huge money on here but of course this isnt the motive of this technology, the motive of blockchain is to provide a better service that are fair or transparent , also to provide a new and unique payment system . lack of confidence is normal because in investing there is always a risk but confidence is still a must to become immune of whatever the outcome that youl be facing
Is it true? a lot or a little is relative, man. If discussing something related to a quantity like this, it helps you to include accurate data or percentages, not just based on estimates, especially just because of rumours. In fact, there are still many successful, it's just that there are also many scam projects. If we want to analyze and search for more information, we will definitely get accurate data. Consider the following picture.
[why many of so-called blockchain projects these days are scammers
are you referring to shitcoins and it's ICO and Crypto Exchage and it's IEO? if so, then it's all about greed and opportunity there's nothing more.is this was motive behind the technology?
No, the motive of the technology was to separate bitcoin from any kind of authority/government making it decentralized and free to use to everyone without boundaries.many real investors are not confident to participate due to fake blockchain projects all over the internet.
They are not afraid they are just being cautious and if there is a promising project you'll see investors lining up for it. why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.
what are your views
Those that are behind those projects were never honest people, they were scammers from day one that discovered this market and have taken advantage of investors that are only looking for fantastic profits without making any real effort to deserve them, while I do not like that scammers have taken advantage of this market for their purposes it was impossible to avoid it since anyone can release its own coin without regulation.what are your views
However real investors have never been interested in those coins, real investors take the time to analyze the project and see if it is worth to invest in it or not and if you do that with those coins you'll soon realize that almost all of those projects are scams and not worth of your money.
Do you mean that many crypto projects have become very similar to each other and have lost their original essence?
why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.
what are your views
You are relating two different things. \what are your views
Majority of blockchain projects have lost focus because either they weren't scalable enough or didn't make much sense in terms of utility. There were hundreds of projects coming every month. Not all can make it big. Although everyone was trying to tap on the opportunity.
Regarding scammers bringing fake projects. That is a different problem. Any new technology has this disadvantage. As people are relatively less aware. So, scamming them becomes easy.
The focus on blockchain projects is pretty much still there but only the worthwhile ones.
why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.
what are your views
what are your views
It's funny, the Chinese president talked about the importance of blockchain and the price has gone up a lot in a short time, it is proof that this is an easily manipulated market and that people with a lot of influence can make the price go down a lot or go up a lot if they want to. As for your question, well, there are many projects for a growing market.
you are wrong about multiple things here.
- the fact that a lot of shitcoins exist and a lot of projects are scamming people has nothing to do with the technology. it is like saying the technology that created vehicles had a motive to kill people because car accidents are common!
- investors are not losing confident. investors never touched altcoins in firsts place, the huge volumes you saw in 2017 was from "gamblers" not investors. and since gamblers always lose they eventually go away.
- the fact that a lot of shitcoins exist and a lot of projects are scamming people has nothing to do with the technology. it is like saying the technology that created vehicles had a motive to kill people because car accidents are common!
- investors are not losing confident. investors never touched altcoins in firsts place, the huge volumes you saw in 2017 was from "gamblers" not investors. and since gamblers always lose they eventually go away.
First and foremost, I don't think you understood what the post meant. Its either you are new in the crypto space or you haven't done any research about projects in the crypto ecosystem. The rate at which people use to invest in new projects has reduce. Secondly, all gamblers are investors. As an investor, you put your capital into something with the aim of either making a double or triple of your invested capital. Gambler also bet their money on something with a chance of making a double or triple of his/her money. In this way, we can gamblers are investors in their own way. I think you should first try to understand what investment is before making an accusation.
why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.
what are your views
what are your views
No, Bitcoin has no connection to the other "scam" Blockchain projects. They just borrowed the technology and saw a opportunity to create a quick ICO and to link it to some Blockchain projects to cash in on some quick profits.
Will these scam projects influence Bitcoin? Yes, it will... the media and the uninformed public does not make a clear distinction between Bitcoin and scam ICO's... they just blame Bitcoin for everything, when something goes wrong.
in my opinion it is a familiar view in my country, because here a lot of projects are scam and only want to benefit the developer, therefore investors here very rarely support domestic projects but foreign projects, but companies in my country are currently developing the latest blockchain technology and I'm still waiting for that.
Basically in every blockchain project it always need focus in order to sustain its purpose and goals. Losing focus is quite a broad term since it has different aspects to give focus onto. Funds is a very important matter in every project as its the major source to sustain it. With that, people regulating and working can do their respective part in the blockchain project.
I can agree with this. Blockchain has been very lack luster in the recent years especially with ther being so much potential, but basically over the last 2 years all that potential has gone into scamming and tricking a lot of people to give away their money for an ICO.
I'd actually say that the money raised for projects that have launched and are successful, is around the same or even lower then the amount of money that has been scammed from investors.
I'd actually say that the money raised for projects that have launched and are successful, is around the same or even lower then the amount of money that has been scammed from investors.
Not at all, you can't say the majority, yeah there are some of the scam projects which costs a lot. if you compare with the general market then you must find a lot of company in the share market which has a bad reputation and not as like as the credible. so people lost their money by investing there, I think in this platform, there is also some of the ill-intended projects, but the decision is yours, you need to be very careful before joining or investing any amount, It's true that this type of project has brought some negative aspect to this blockchain system, There is a group of people who also responsible to make this scenario, so think twice before doing anything.
If you did proper research on projects and invested after that I am sure you still find them in development.
Most of the projects stopped due to limited funds. They were unable to get private funding after the initial phase.
It doesn't mean they lose focus on the project. Resources are limited for them and development is going on with limited speed.
Most of the projects stopped due to limited funds. They were unable to get private funding after the initial phase.
It doesn't mean they lose focus on the project. Resources are limited for them and development is going on with limited speed.
why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.
what are your views
what are your views
It's an unregulated market. If they manage to sell, they get some easy money. Some are willing to invest into such scams.
But beware, not all failed ICOs or worthless coins come from scam projects; some may have started with good intentions and simply failed. Also nowadays the altcoin market is so low you may mistake a good project with a failed one just because the volumes and prices have fallen a lot.
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