Erc20 based tokens are 99percent useless tokens
Where did you get that figure? 
Topic: No project built on a open platform should have a WP longer than 3 pages. (Read 112 times)
September 14, 2019, 05:16:14 AM
Only a few reads WP's anyway so these start ups may want to just keep it short and straight to the point with all the relevant information. If ever changes will come up, they can just update.
September 14, 2019, 05:14:59 AM
Yeah we know what Ethereum is, yeah you are built on top of the ERC20 protocol. So you offer no real solutions when it comes to the protocol level of things, you are most likely just building a small scale use case scenario. Get to the point what makes you stand out, minimal on the buzzwords as you do nothing at the protocol level.
This is not for project that actually do provide solutions at a protocol level.
Erc20 based tokens are 99percent useless tokens which i think they really don't need whitepaper but many investors only get attracted with whitepaper thats why they are been feed with fake or copied whitepapers, wise up people,tokens won't get you anywhere This is not for project that actually do provide solutions at a protocol level.
September 14, 2019, 05:01:40 AM
I agree with you OP, when it comes to public funding like this, it is different from a very private funding where the person would like to see the full details of what is involved like feasibility study, and even in feasibility studies, the person should be able to forecast what the company would generate in future, but in the case of ICO, they can't even do that, so there is no point writing a full book when they know that people would not read, that is part of the scam we are saying.
If one is to research on a project before investing, every point that would be researched on comes from the whitepaper, so how many whitepapers would one have to read before getting a valid project, that is why you see people just invest randomly which is not the proper way, summary would be great, but has to be vital points.
If one is to research on a project before investing, every point that would be researched on comes from the whitepaper, so how many whitepapers would one have to read before getting a valid project, that is why you see people just invest randomly which is not the proper way, summary would be great, but has to be vital points.
September 11, 2019, 11:28:02 PM
To be fair, tokens could actually be very useful within a certain limited ecosystem. So they do not necessarily create their own separate blockchain. After all, it is not as if they are offering itself as an alternative payment to the world. If a certain company decides to simply tokenize a certain aspect of their operation, it is enough for it to make use of the existing ERC20 protocol.
September 11, 2019, 11:19:23 PM
I agree with this.
It's interesting to see the contrast between Satoshi's 8 pages where he revolutionized the world and 60 page whitepapers that copy and paste existing research into some technology that probably doesn't need blockchain at all.
60 pages of the whitepaper is nothing compared with 8 pages of satoshi's whitepaper. 60 pages of buzzwords and that should be a better name for that document and it's not suitable to be called as a whitepaper. It's interesting to see the contrast between Satoshi's 8 pages where he revolutionized the world and 60 page whitepapers that copy and paste existing research into some technology that probably doesn't need blockchain at all.
Basically, almost all of the altcoins idea right now is not suitable to be implemented use blockchain as its primary network.
I can say this time so many amateur developers are creating so many buzzwords only while they do nothing or give any contribution to the crypto.
September 11, 2019, 01:28:17 PM
tokens don't even need a white paper since they are not doing anything whatsoever. basically all the token does could be summarized in a very short couple of sentences like this:
"a useless token created to raise funds for the creators out of thin air. investors are gambling their money when they put it in these tokens. they have different odds depending on the pumping power of the creators and market sentiment".
that's all you need to know about tokens and it is exactly the same for all of them. the rest is just advertising techniques they use to try and fool the newbies into believing what they are doing is not-gambling.
"a useless token created to raise funds for the creators out of thin air. investors are gambling their money when they put it in these tokens. they have different odds depending on the pumping power of the creators and market sentiment".
that's all you need to know about tokens and it is exactly the same for all of them. the rest is just advertising techniques they use to try and fool the newbies into believing what they are doing is not-gambling.
Haha totally agree, still I give it a max of 3 pages as it can be explained how they work alongside the ethereum or any other platform to make their concept work plus it all depends on the features, shitcoins yea should keep it at a max of 1 sentence.
September 11, 2019, 09:22:31 AM
I agree with this.
It's interesting to see the contrast between Satoshi's 8 pages where he revolutionized the world and 60 page whitepapers that copy and paste existing research into some technology that probably doesn't need blockchain at all.
It's interesting to see the contrast between Satoshi's 8 pages where he revolutionized the world and 60 page whitepapers that copy and paste existing research into some technology that probably doesn't need blockchain at all.
Yep, now a a days new comers just try to ride blockchain for their greedy dream. Using much word on their whitepaper, pretending with using fake flowchart for their concept, so it's look like amazing idea.
September 11, 2019, 08:36:28 AM
I agree with this.
It's interesting to see the contrast between Satoshi's 8 pages where he revolutionized the world and 60 page whitepapers that copy and paste existing research into some technology that probably doesn't need blockchain at all.
It's interesting to see the contrast between Satoshi's 8 pages where he revolutionized the world and 60 page whitepapers that copy and paste existing research into some technology that probably doesn't need blockchain at all.
September 11, 2019, 08:24:33 AM
I agree with you, but now White Paper is used to advertise the project, and not in order to give people the right idea about the project. From what WP looks like, it’s very easy to determine what kind of project it is.
September 11, 2019, 03:41:34 AM
tokens don't even need a white paper since they are not doing anything whatsoever. basically all the token does could be summarized in a very short couple of sentences like this:
"a useless token created to raise funds for the creators out of thin air. investors are gambling their money when they put it in these tokens. they have different odds depending on the pumping power of the creators and market sentiment".
that's all you need to know about tokens and it is exactly the same for all of them. the rest is just advertising techniques they use to try and fool the newbies into believing what they are doing is not-gambling.
"a useless token created to raise funds for the creators out of thin air. investors are gambling their money when they put it in these tokens. they have different odds depending on the pumping power of the creators and market sentiment".
that's all you need to know about tokens and it is exactly the same for all of them. the rest is just advertising techniques they use to try and fool the newbies into believing what they are doing is not-gambling.
September 11, 2019, 01:48:16 AM
Yeah we know what Ethereum is, yeah you are built on top of the ERC20 protocol. So you offer no real solutions when it comes to the protocol level of things, you are most likely just building a small scale use case scenario. Get to the point what makes you stand out, minimal on the buzzwords as you do nothing at the protocol level.
This is not for project that actually do provide solutions at a protocol level.
This is not for project that actually do provide solutions at a protocol level.
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