majority of blockchain project has lost focus - page 4.

hahahafr

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Quote from: telexnetwork on October 31, 2019, 07:52:12 AM

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 share your frustration @OP. There are numerous projects out there who don't give a dime about their use case or about their project, all they care about is the funds that was raised during the ICO, IEO, STO etc. once they have accumulated some decent amount of money they ignore further developments of the project and blame the market for this Embarrassed

In the midst of all these scammy projects there are a handful of good ones such as Harmony or better still just stick with already developed and working projects in the industry.

Pearls Before Swine

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Quote from: ivakar on October 31, 2019, 08:04:53 AM

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.

Absolutely agree with what you wrote. I haven't yet seen blockchain tech being implemented in real life, and I wonder if I ever will.

Scammers figured out early on that people were more than willing to throw money at them if they talked a good game with their blockchain project and if it looked like there would be a promising token produced. And now? It's the same thing over and over again, and most of the new 'projects' are just rehashed scam attempts. The really bad part of this is that people are *still* giving them money!

Quote from: Text on October 31, 2019, 09:07:37 AM

How about smart contracts? '

Is anybody really using them for real world problems?

TravelMug

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Quote from: telexnetwork on October 31, 2019, 07:52:12 AM

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

Perhaps the altcoin market is already saturated and there's no projects that comes up today that can disrupt any industries, let's say supply chain. That's why the current bred of blockchain technology that are popping up are not unique and probably bad actors behind are using it as front to scam people.

You just have to look at fiverr and see that many individuals are promising to create a cheap token for a measly $15. That's why the market today is saturated of useless crap projects.

kolonel_x

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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.

Text

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How about smart contracts? There's a lot more of that than the blockchain technology way back 2017. Well, whatever that maybe, if its related to cryptocurrency, there should be a space for expecting that no project will last in the long run. Some made crypto projects to scam and they make it as a front only. That is business but they are doing it the wrong way.

dothebeats

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The focus is there, it's just not the right one to attain development and to move further in technological aspects. Profit is the main driver as to why people are still creating projects that are literally just a copy of previous ones, with just a different name, different hard cap limit and different block time or any of those little things that only require little effort to say that the project was a completely different one. I'd not wait for future potential ETH, DASH, XMR or any other else but instead just focus on the developments of what currently is offering the most in the table.

chaoscoinz

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Quote from: telexnetwork on October 31, 2019, 07:52:12 AM

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 think there really may be just a handful of decent projects these days. A lot of projects crop up most likely to make a fast buck. If you were to check the coinmarketcap you would find that there is a ton of shit coins.
There are so many that it makes the legitimate projects look suspect. When ever there are opportunities for innovation, you will find there are an equal amount of scams as well.

ChrisPop

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Of course that's not the goal of the blockchain technology. Wherever there is money to be made you will see scammers no matter what industry. People should noy participate in crypto projects unless they fully understand the phenomenon and they conduct a thorough research of the project business model, team, token, etc. That is hard work that most people are not willing to do. Instead they prefer to lose their money by investing blindly at other people advice or who knows from what sources.

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Quote from: telexnetwork on October 31, 2019, 07:52:12 AM

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

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.

todiboa

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Quote from: telexnetwork on October 31, 2019, 07:52:12 AM

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

It all depends on the people who are implementing the project. At one time, were a myriad of ISOs that were very popular. A large percentage of Blockchain projects were scams, because project implementers had a desire to make money on people, and Blockchain was just a cover. We live in times when every second person is a scammer, unfortunately

Eugenar

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Quote from: telexnetwork on October 31, 2019, 07:52:12 AM

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

Maybe what is better to say is that, there are many 'blockchain based' projects that are considerably frauds. Since as we can see, most of the blockchains created is performing in the market, the only problem is when many projects utilize a cryptocurrency running on the same blockchain technology. To mention, there are many fraudulent projects since smart contract by ethereum is so easy to utilize. For me, atleast regulation of projects should be considered, even if not regulation of the crypto itself.

ivakar

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Quote from: telexnetwork on October 31, 2019, 07:52:12 AM

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

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.

Red-Apple

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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.

telexnetwork

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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

Topic: majority of blockchain project has lost focus - page 4. (Read 653 times)