Topic: majority of blockchain project has lost focus - page 3. (Read 653 times)
This is not a motive for blockchain technology, but a some person that make use of blockchain technology for scammers. actually the beginning is not like that. in the beginning the ICO project with blockchain technology was going well. because it's still a little ... when developers see lots of successful ICOs, then they compete to make projects. ICO is growing fast. many ICOs succeed but fail in project competition. and finally leave or die. then the scammers start following this. they make projects that will indeed be scammed. so when the ICO was successful, they left. and lost. to date most projects are like that. they don't really focus on the project. but focus on investor funds. so many investors are afraid to invest in blockchain projects.
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
Our guy Satoshi Nakamoto did not make the blockchain technology and the Bitcoin to be the gateway where scams and frauds can easily go through. In fact, the blockchain technology can function as a way for frauds to be exposed, not to spread and perpetuate among the people. However, we could not stop people (the scammers and hackers) from taking advantage of the same technology for their own selfish interest and goals. Certainly, since the technology behind Bitcoin is open to all, it can be copied and modified to suit one's evil intention.
Now, we as a community are now all aware of this malady and it has come to be our responsibility to expose these scams if we found one and to report the same to the community, in fact we can use this forum for that purpose. Guys, if we are not careful with this problem affecting all of us there comes a time when there are only two things we can find in the marketplace: the fake ones and those Made in China (and many of them are fakes too).
It is now depending on us on how we cope with this blockchain projects that are frauds. Basically if there will be no supporters, they will not going to have a reason to continue what they are doing. We already know what bitcoin is capable of, we are already on it's 10th year and I am pretty sure that we already learned allot of lesson from it especially on how the blockchain works.
For me, I only support bitcoin at this moment, because altcoins in 2018 decrease my trust to them.
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
Our guy Satoshi Nakamoto did not make the blockchain technology and the Bitcoin to be the gateway where scams and frauds can easily go through. In fact, the blockchain technology can function as a way for frauds to be exposed, not to spread and perpetuate among the people. However, we could not stop people (the scammers and hackers) from taking advantage of the same technology for their own selfish interest and goals. Certainly, since the technology behind Bitcoin is open to all, it can be copied and modified to suit one's evil intention.
Now, we as a community are now all aware of this malady and it has come to be our responsibility to expose these scams if we found one and to report the same to the community, in fact we can use this forum for that purpose. Guys, if we are not careful with this problem affecting all of us there comes a time when there are only two things we can find in the marketplace: the fake ones and those Made in China (and many of them are fakes too).
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
I'd argue the completely different thing, have you seen what China has been doing with their blockchain technology. If that's not innovation, I don't know what is - even if I would disagree with some of their values, I can still respect it.what are your views
A lot of industries have used blockchain technology to a new level and have been able to utilize it in amazing ways, industries like the mining sector, the food sector, hospitality, retail, etc, have all started incorporating blockchain technology.
Whenever something new releases, obviously there are going to be scams, we can't do much against it though...
Not because OP joined in failed or scam project does not mean it's because of the blockchain or the technology. It's due to abusive team whose using them. Blockchain is a system used to improve transactions. If we will be careful in choosing project, take necessary studies and background check we can avoid scam. There are legit projects those in CMC tops, focus on them and never let greedy takes you when being offered huge amount.
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.
Yeah the statement itself contains a lot of defect in logic , you can't just blame the whole blockchain technology wrong due driving a lot of scam projects, just look at the bright side where it's driving a lot of useful projects too for the long term , people is too easy to generalizing something and that's wrong. - 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.
Better to educate yourself more intensive so you'll be able to look at the project in crypto currency space with the real use case and a vision to solve a tough complicated problem that has been exist for years.
The ico hype is over , the amount of shitcoins under fake project is no longer aggressively flooding the market as the system and people around the community has learned from the past experience. End of the words, we are just fine
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
That's why ICO investment is considered good as dead because due to scams that been rampantly circling into this field.what are your views
Scammers do make use or abuse this way of funding on making fake projects that had even those unrealistic goals or targets.
They aren't focusing on innovation but they do hardly focus on how to make easy millions of dollars thru ico sales.This is why
investment with ICO is already not worthy.
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
This is because of self greed and has nothing to do with blockchain technology, since the space is not regulated there is no control of what would be presented to the people, this what you get in an unregulated community where everyone is free to do as they please, this has nothing to do with blockchain.
Scammers are spreading around, we can't just simply rid of them and stop what they are doing today cause in the first place, we actually never know who they are and give a hint to the community. For those instances, we can't escape the reality that blockchain technology has a positive and negative impact on the community.
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
Just steer clear of anything that runs on a third-party blockchain. That's where the real scammers prey.
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
in my opinion, there is not much real implementation of blockchain in real life..
i know that there is an implementation of blockchain into accounting software and it sound logical
also in some banking..
but in that scam projects the world "blockchain" is used for hype only.
Sad but true. Most projects become a money making/milking project. After the project launch and devs and whales got their profit,after the big dump..nothing happens.Key people are gone and some are starting a new project to launch and the cycle begins. They lost the main essence and implementation of the project,continuity and passion gone when no money is coming in.
We're pretty close to adoption already hang on. 
Totally agree with this. Its like drugs that is invested to cure but are now used to cure boredom and get high by people who has something else in mind.
I didn't know the money flow last 2017 was from gamblers though. Must be a long process to distinguish the funds were coming from gamblers and not from institutional investors.
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.
Totally agree with this. Its like drugs that is invested to cure but are now used to cure boredom and get high by people who has something else in mind.
I didn't know the money flow last 2017 was from gamblers though. Must be a long process to distinguish the funds were coming from gamblers and not from institutional investors.
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
because there is still no standard for applying blockchain projects that are connected to businesses. so that many investors do not focus on studying the real possibility of its application and only care about the investment development module.what are your views
many large holes from fake projects entered because of the uncertainty. especially when dev is just an intention to form a wrapped theory that is very interesting, I call it theory because they only focus on quick income for the basics of further node development, while their own projects do not have complete power bases for long-term aspects.
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
This is because of self greed and has nothing to do with blockchain technology, since the space is not regulated there is no control of what would be presented to the people, this what you get in an unregulated community where everyone is free to do as they please, this has nothing to do with blockchain.
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.
I agree with these points, but I'd like to add another thing as well. Not all of the projects that failed intended to scam people, I am sure of it. Some projects did, others were pretty terrible from the beginning but had the teams that believed in them. There's another category of projects that already allowed their investors to profit the hell lot, it's just that it was back in 2017, and investing in them in 2018 was too late. But speaking of profits and projects, it was not really supposed to be their main aim. They all had their use cases like special platforms, devices and stuff like that related to them (I'm talking about the top altcoins now). And whereas over the hype around them, they allowed people to profit a lot in the early days, many failed to do what they intended to do. And no wonder that after such failures of even those that seemed to be the good ones, investors are not interested in such stuff anymore. - 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.
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
In every investment opportunity we can find the scammers as well as the good investors.
So in the script of field also we are seeing the same and many people Al since the rise of scammers who came up with the different name branding the different ICO project.
So we need to equip yourself to find the the good one.
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
The sole reason behind this is lack of accountability that these projects have. There are almost zero accounting and presentation rules for such projects which makes them do anything they want. There is nothing stopping these projects. All they show you is one address on their blockchain which has a lot of funds and the rest of the funds are being used for a luxurious life of the project owners. I think this is why normal investor isn't confident with investing in such businesses. I think there should be some rules and restrictions regarding the mobilization of funds and these projects must also come out with some financial statements on regular basis. what are your views
How about smart contracts? '
Is anybody really using them for real world problems?Yes, smart contracts are being used daily. Go take a look at MKR/DAI and find out how people are collaterizing their blockchain assets to take out trustless loans, and find out how that system creates a trustless stable coin
Or have a look a Gods Unchained and compare it to Blizzard which just took away players' earnings.
There are many many gimmicky smart contracts which have no use at all, I won't deny that. But there are also some legitimate projects being built, that can actually solve problems.
I don't think we can call most of them "projects" as they are simply copying code and creating tokens,... without any efforts. a project by nature should take some time and effort to be created and has some clear goals. these things we keep seeing in the cryptocurrency world are not that at all.
and if you remove all the crap then you can start talking about whether "majority" of real projects are bad or not.
and if you remove all the crap then you can start talking about whether "majority" of real projects are bad or not.
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 asking why they are scammers? Because they get free money doing nothing. They don't care about your money or how you would feel after getting scammed. They enjoy scamming naive people. They aren't all bad, after all you get to learn something out of it. You become more cautious after getting scammed. You learn to not fall for stupid "offers" or offers that are too good to be true. You learn how to spot scams! what are your views
It is only under the guise of deceiving investors, the scamer continues to do it in various ways so that it gets easily, the project called the blockchain is a lot of interest in it, because I know that blockchain technology is a serious project for the future, so that is the reason for the scamer use the word blockchain.
The fact that most of these blockchain projects has a good intention to continue but unfortunately some of them tried but still failed due to lack of support or some of them already have the funds to continue but they were eaten by their greed emotion and end up dumping the good project. While some of these projects continue because they have the funds already. Jump to: