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Topic: The most difficult use cases to trust in crypto space today (Read 329 times)

member
Activity: 100
Merit: 10
I'd add crypto loans here, because it seems bizarre to me - loans imply giving someone a lot of personal data which is simply against crypto ideals.


Crypto loans work but only when the borrower can escrow something of equal value.

For years people have been using bitcointalk crypto loans to gamble or trade when they knew they'd get money from their campaign in a week or two but needed some coins at hand fast and couldn't wait for the payment.

Real estate scams are very easy to verify because these scammers can't make photos themselves and often use stock ones that can be reverse googled.


Yeah, crypto loans are fine and you need something to make sure the borrower won't try to cross you and uphold the deal. Heck, personal data are an easy requirement for a lot of borrowers to take a loan, provide their data is real. Real estate crypto thing is a stupid game that all the risk is on the crypto holders, not even talking about if it a scam or not.
sr. member
Activity: 1330
Merit: 289
I'd add crypto loans here, because it seems bizarre to me - loans imply giving someone a lot of personal data which is simply against crypto ideals.


Crypto loans work but only when the borrower can escrow something of equal value.

The guy saying he will add "crypto loans" knows nothing about DEFI per say. LEND is a big example of successful projects in that category. Talk about gold back projects being a facade and I'll say yes, because most have failed. Real estate is feasible, I don't think it should be in category of "almost impossible" project aims.

hero member
Activity: 2184
Merit: 531
I'd add crypto loans here, because it seems bizarre to me - loans imply giving someone a lot of personal data which is simply against crypto ideals.


Crypto loans work but only when the borrower can escrow something of equal value.

For years people have been using bitcointalk crypto loans to gamble or trade when they knew they'd get money from their campaign in a week or two but needed some coins at hand fast and couldn't wait for the payment.

Real estate scams are very easy to verify because these scammers can't make photos themselves and often use stock ones that can be reverse googled.

full member
Activity: 653
Merit: 183
So true about Gold backed crypto projects. It's really weird to see why people prefer valuable assets back by crypto instead of going to buy that valuable asset directly in real life.
member
Activity: 210
Merit: 13
Real Estate projects and gold back tokens are mostly fake or scam projects, people need to be more careful around such projects with these use cases, they can't be trusted, if they are real you will know because to acquire such real use case there will be regulations, documents and certificates of prove
full member
Activity: 1498
Merit: 146
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people


2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company

The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold
There are many projects out there without any real use case and even called deflationary token so the entire motive of those projects are giving profits and after some time it will keep shrinking but we can find people still investing on it.There are very few real gold backed projects in cryptos but I shouldn't trust them as well because we can invest on gold itself than investing on gold backed tokens.
full member
Activity: 983
Merit: 100
several projects with such concepts used to have had success with their ICO. but after they went on some development was done and they disappeared and closed the project. I think it has given us experience with projects like that.
Everyone has their own experience in dealing with a project, but what we have to remember is that there are no successful projects with the same ideas or ideas or concepts that have existed before.

many projects succeed after ICO then their development is completed in just a few months, and there is no further development, the case of such projects is overwhelming, for example is HBZ, HBZ was able to attract investors and be considered a successful project, but to date this project has died
Yes, because the concept developed by the HBZ is a new concept, so that it can more easily attract investors at that time, but all projects will die if there is no further development.
full member
Activity: 1568
Merit: 100
COMBONetwork
several projects with such concepts used to have had success with their ICO. but after they went on some development was done and they disappeared and closed the project. I think it has given us experience with projects like that.
Projects with the same concept are nonsense projects, they cannot be categorized as successful even though they succeed in collecting funds through ICO, because successful projects are projects that always persist in any development, not those that run after the fundraising is complete.
many projects succeed after ICO then their development is completed in just a few months, and there is no further development, the case of such projects is overwhelming, for example is HBZ, HBZ was able to attract investors and be considered a successful project, but to date this project has died
member
Activity: 672
Merit: 10

Well, that might be so difficult to invest in actually.  Firstly I know of a real estate property that I was part a couple of year named Max Global Property (MPG) and still doing well today.  In the other hand, I hardly found any gold backed projects thriving today, many are all shits and fakes.
yes, they don't have good development. several projects with the concept of gold were there and were listed in exchange but then they disappeared. all are manipulations and too many have been fooled. if there's something new like that, then don't be fooled again.
full member
Activity: 822
Merit: 100
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people


2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company

The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold

Well, that might be so difficult to invest in actually.  Firstly I know of a real estate property that I was part a couple of year named Max Global Property (MPG) and still doing well today.  In the other hand, I hardly found any gold backed projects thriving today, many are all shits and fakes.
jr. member
Activity: 196
Merit: 1
This is perfectly correct and on point, with my few years experience in this space, I've come across quite a number of real estate project and gotten involved with lots of them but they all do end up packing up even after indicating in the whitepaper how much of real life assets they've acquired already and about Gold back projects, i think that's another grey area shitty teams often hide behide to lure investors
member
Activity: 756
Merit: 13
DIFX - Digital Finacial Exchange
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people


2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company

The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold
If they are the most difficult to trust for you believe they are dream projects for many and also it is upto you to do proper research and there is something wron or you are not fully satisfied you can always skip it you will always get new opportunities so do not run after a project if you are not fully confident about it.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people


2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company

The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold
You make a good point and the reason why crypto scammers target those two settings is because people have success story through Real estate and Gold. However, despite the popularity and the increase of projects claiming to be gold backed it pretty easy fo know genuine gold backed project through vault audit just like how Gold stablecoin prove their honesty when investors was scared then.
copper member
Activity: 1428
Merit: 253
This cannot be generalized, because indeed not all projects like that are bad. Don't be misleading, this will be detrimental to projects that are developing hard to get investors. But indeed in the investment, we have to look really seriously.
it's not all, but you can see a lot of such projects that end up scam. it should provide enough experience that implementing blockchain or crypto technology with such platform concepts will never be good.
sr. member
Activity: 994
Merit: 261
This cannot be generalized, because indeed not all projects like that are bad. Don't be misleading, this will be detrimental to projects that are developing hard to get investors. But indeed in the investment, we have to look really seriously.
member
Activity: 483
Merit: 10
terra-credit.com
We have seen many failed and scam real estate and gold backed projects in the past I don't think these days crypto community has a single reason to trust on these kind of projects anymore there is no doubt that scammers are responsible for all of this they're infecting almost every part of crypto which is not a positive sign.
That's right, so now no longer believes in the two concepts of the project, both the real estate and the concept with the name of gold, because both concepts have been contaminated by scammers in the past, so that for the present time it has been a little who believe in projects that concept like that.
several projects with such concepts used to have had success with their ICO. but after they went on some development was done and they disappeared and closed the project. I think it has given us experience with projects like that.
hero member
Activity: 2562
Merit: 577
Real estate I can say seem a lot less difficult use case than project backed in real gold, there are lots of properties around all that is required is tokenize them, I think real estate is a much better niche that would bring more profits to investors if there are genuine ones but unfortunately most of them are scam if not all,
Gold backed project on the other hand sounds already like an untrusted project because it is not easy to have real gold backed project.
member
Activity: 210
Merit: 12
Too many investors lost money to scam projects that pretend to be real estate projects that aren't real, in the end they turn scam, apart from tokens backed by fake gold another popular fake use case scammers use to fool people are deflation tokens
full member
Activity: 983
Merit: 100
We have seen many failed and scam real estate and gold backed projects in the past I don't think these days crypto community has a single reason to trust on these kind of projects anymore there is no doubt that scammers are responsible for all of this they're infecting almost every part of crypto which is not a positive sign.
That's right, so now no longer believes in the two concepts of the project, both the real estate and the concept with the name of gold, because both concepts have been contaminated by scammers in the past, so that for the present time it has been a little who believe in projects that concept like that.
sr. member
Activity: 728
Merit: 252
SmartFi - EARN, LEND & TRADE
maybe altcoin that doesn't have a team or a less transparent management. the website is usually written and can be seen from the whitpaper whether the project is indicated as a scam or not. if the statement on the website is clear, it is likely that the project is not a scam, just need the support of us or investors to help advance the project by way of investment.
jr. member
Activity: 50
Merit: 1
I don't know why people choose to invest in these two use-cases, why do I need to invest in real estate tokens when I can buy real estate myself, the one for Gold is still disturbing, you can buy Gold from the market directly but you decide that someone should buy and hold the gold for you, all these go against the wisdom of investing in Crypto, it is to be your own bank have the control of your wealth.

It could make sense if you want to hold or afford only a tiny percent of a property.
member
Activity: 490
Merit: 16
Lack of real proof is why investors don't trust any real estate projects and gold backed tokens anymore, 99% of them projects using these use cases are scam and investors have wise up, I don't have any real estate tokens that I invested money on but I do have some that I earned through airdrops, won't be a huge loss if they turn scam
member
Activity: 1204
Merit: 11
We have seen many failed and scam real estate and gold backed projects in the past I don't think these days crypto community has a single reason to trust on these kind of projects anymore there is no doubt that scammers are responsible for all of this they're infecting almost every part of crypto which is not a positive sign.


hero member
Activity: 1442
Merit: 510
These two use cases can't be trusted and depend on, you need to be extra careful, those asking for proof don't know that there are fake proofs that can look legit enough, you've been warned, know where you put your money
I often see this type projects, and they end up with scams, especially real estate projects. Most real estate projects always provide false evidence that they have a luxurious building or apartment. They only give fake photos on their website or withpaper. It's better don't join in real estate project.
member
Activity: 434
Merit: 19
These two use cases can't be trusted and depend on, you need to be extra careful, those asking for proof don't know that there are fake proofs that can look legit enough, you've been warned, know where you put your money
member
Activity: 490
Merit: 10
The main problem with this two use case is lack of real life proof, I trust a real estate crypto project called Chellecoin because every properties they buy are tagged with the name, many just steal images of buildings and tender that as proof if owning real estate buildings
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people
There are still no clear project about real estate nowadays and to believe in such thing is  suicide,and besides why need to invest in crypto real estate when you can directly invest fiat in this field of business?
Quote
2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company
Lol Bitcoin is a digital gold but to be backed up by real gold?that is not going to happen today and in the near future.
Quote
The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold
Good proof can be fakes,we know how scammers move ..the only thing that will save them is by exposing those project earlier before they can spread the community.
sr. member
Activity: 644
Merit: 257
Worldwide Payments Accepted in Seconds!
Honestly those two sectors are not even needed blockchain. How does blockchain can help for example in real state? Payment terms can be handle via database and credit/debit cards why the hell include blockchain?

Also for gold backed tokens there is no way this will be legitimately backed by a narutally occuring economic indicator such as gold. Tokens saying they are backed with it are all fraud or just using the idea where no provisions set within.
newbie
Activity: 38
Merit: 0
I'd add crypto loans here, because it seems bizarre to me - loans imply giving someone a lot of personal data which is simply against crypto ideals.
full member
Activity: 1176
Merit: 162
I don't know why people choose to invest in these two use-cases, why do I need to invest in real estate tokens when I can buy real estate myself, the one for Gold is still disturbing, you can buy Gold from the market directly but you decide that someone should buy and hold the gold for you, all these go against the wisdom of investing in Crypto, it is to be your own bank have the control of your wealth.
Same thought about gold-backed coins/token, I am not really comfortable to trust someone holding my asset somewhere and we really don't know if it's genuine. If I will invest in gold I will go directly to the stock market and buy some gold stocks or I will just buy the physical gold in a form of jewelry in that I can have peace of mind and not worrying about my asset getting stolen.
legendary
Activity: 3122
Merit: 1140

The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold
Not only to those 2 things that you had mentioned but also in all sorts of things that been tied up with Crypto where those scammy devs trying out to set unrealistic goals
which they do cover it up with traditional investments that we've known and when the time noob investors do able to read it up then they do have that kind of pulling effect
that they must invest into this stuff since it do mention about real-estate or gold.There are lots of industries being used up not only this 2 things.
legendary
Activity: 2226
Merit: 1086
duelbits.com
Those are only the most popular cases, there are many other types of crypto projects that are often used by scammers to attract investors. Real estate crypto projects have rarely appeared in 2020, it was the most favorite way for scammers to deceive people in 2019. A lot of real estate projects grabbed people's money previously because people believed it will have a good future. While in 2020, people didn't trust anymore in real estate, then scammers provided new ways by presenting Gold-backed crypto projects. This will never end, because after Gold-backed projects, I assume will be another type of crypto project to use by scammers. The key point, how we know the indication or signs that a project is potentially a scam. As the scam project doesn't only happen on real estate or gold-backed projects, but it probably happens in other fields.
member
Activity: 938
Merit: 13
AMEPAY
Most real estate projects i have invested are legit projects, i am not talking about current price because that is very low but still the projects are strong, i do not know of any scam real estate projects but there may be some projects that failed. I have traded propy (pro), Blockreal (real) and Atlant (atl) and all these are good projects, atlant is still under development while other 2 are already in business.
member
Activity: 1008
Merit: 12
SAPG Pre-Sale Live on Uniswap!
Each category of projects is full of scams these days you cannot just name a couple and think that most others are legit, to be honest there have been so many scams in crypto exchanges and mining category of projects that they cannot be matched, real estate and gold backed are also risky categories but i do not think there are many projects in these categories while i can name dozens in the categories i posted about.
sr. member
Activity: 2366
Merit: 332
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people


I also see that is real. Most of my scammed coin are project said to be real estate. When you invest in such project, you don't get return and many bounties on it are exit scam.
full member
Activity: 1470
Merit: 148
For those who know elements estate, this project came with good team and after their ICO they disappeared without a trace. Some estate projects on this forum during the 2017 did same to investors, those projects did more damages to the cryptocurrency industry, till now nobody want to associate with them. Many don't want to hear real estate projects with cryptocurrency, rather the real world estate projects investment. Scammers have always outsmart us through some means but those who still look out for gold backed and real estate projects should have a rethink on scammers using those names to scam potential  investors.
full member
Activity: 1848
Merit: 158
Absolutely correct, these two use cases are the most used by scammers because they easily attracts newbies but the truth is 95% of projects that are backed by gold aren't truly backed by anything, it's better to invest in real estate offline and buy gold in real life

Real estate business via blockchain technology is really a complicated one to be honest. Even if they say, all the paperworks can be done via internet, I don't think as a future property owner, you will accept such arrangements. This one still needs physical appearance to manually check the property and do the real paperwork. Maybe, this is the reason why most real estate-related projects here are not successful in pushing thru their platform. Because at some point, they need physical appearance of the other party. And that means, they can operate only in certain areas where people can physically reach out to them.

On the other hand, most gold-backed projects are fake and just using fake documents regarding their assets. As you said, it is better to buy gold in real life and invest in real estate offline. You will have more peace of mind if you have the necessary documentation in your hand rather than some entity is holding it for you.
member
Activity: 1022
Merit: 20
RiveMont
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people


2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company

The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold
You are absolutely on point and that is why it is very important for us to thoroughly investigate each project before investing or promoting, i personally like real estate based projects and some of my friends like gold backed projects but we have to closely watch them and chose only the legit ones or else we risk losing our money.
member
Activity: 579
Merit: 13
Are you kind to your neighbor? Think it through
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people


2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company

The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold

I want to correct a key word "trust", it is not difficult to trust any project in this crypto currency space; stop deceiving yourself. Once you do your research and do not find anything promising or realistic about a project or a token then that is a red flag signalling you to flee and avoid the doomsbell. It takes a great skill and good decision making skills to avoid phishing projects no matter how promising it looks.

For example, gold backed tokens are doing pretty much in this space; if we consider the digital gold token as well as even tether which is said to be gold backed. Always do your own research and remove exceptions because there are rare use cases and good product lately.

Define the reason you invest, if it is for profit or for product?
hero member
Activity: 2338
Merit: 757
2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company
I had the same opinion till i came accross this project called Gold. It seems to be a solid one and had a coin really backed by gold as they claimed. The most interested part is that you can instantly swap the token to btc within the official website itself which contains an  instant swap system. The project has already an active bounty campaign active since a long considerable time.
I am not endorsed by that project and not telling anyone to invest or not by it really deserves a try.
Link to the website: https://gold.storage/
Link to Announcement thread: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold
Link to Bounty thread: https://bitcointalksearch.org/topic/bounty-gold-stablecoin-200000-payouts-in-btc-eth-gold-5164058
member
Activity: 224
Merit: 18
Sovryn - Brings DeFi to Bitcoin
Absolutely correct, these two use cases are the most used by scammers because they easily attracts newbies but the truth is 95% of projects that are backed by gold aren't truly backed by anything, it's better to invest in real estate offline and buy gold in real life
hero member
Activity: 1806
Merit: 672
There are far more worst examples than that but this is one of the common ones you will see being promoted on a daily basis. But as an altcoin investor you shouldn't really judge a project instantly of it being a scam just because it is near of what you are talking about if this crypto is really backed by gold then it is your job as an investor to find out if it is true or they are just a group of persons trying to scam you. Everytime you look into a project you must always validate if their team is real and if their project as well is legit because who knows you might hit the jackpot with that altcoin.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
I don't know why people choose to invest in these two use-cases, why do I need to invest in real estate tokens when I can buy real estate myself, the one for Gold is still disturbing, you can buy Gold from the market directly but you decide that someone should buy and hold the gold for you, all these go against the wisdom of investing in Crypto, it is to be your own bank have the control of your wealth.
member
Activity: 210
Merit: 14
Here are two most difficult use cases to trust in crypto space today

1. Real Estate crypto projects

Scammers are the main reason why these use cases are hard to trust because it's easier for anyone to use this usecase to fool investors by stealing fake estates, houses and building pictures to deceive people


2. Gold backed crypto projects

This is even more popular today than real estate projects, honestly if this use case are real imagine how many regulations this will need to proof to the world that an actual crypto project is backed by gold form a real gold company

The truth is this use cases requires good proof to investors before they can actually belief that the projects are real, many have lost money to fake real estate projects and fake tokens claimed to be backed by real gold
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