From another angle, the whitepaper document has become just an ordinary figure head
No body cares about it anymore
Either good whitepaper or fake whitepaper
It does not guarantee the success of projects anymore
Topic: What has become of the whitepaper document - page 3. (Read 541 times)
I agree that the road map and white paper are important factors,but I, as an investor, try to rely not only on them and draw my conclusions on other criteria.
Whitepaper and road mad are nice and good things for a project. They tell you what is to be expected of in project especially if you are an investor. But then scam issues sprung up, recognizing the power and influence of whitepaper and road, came in and capitalised on it to defraud a lot of investors
And now it becomes difficult to trust whitepaper and road map, but it wasn't like that from the beginning.
The solution I presume now; let’s take whitepaper to tell us what the project devs aim to achieve; don’t use whitepaper as a reason for investment.
It is still the same thing mate, the reason why most investors pick up a white paper up is not just to read as newspaper, it is strictly with the intention of investing, so if they look out for whatever you ask them to look at for, it is still to decide whether to invest or not. So, when we use the whitepaper to check what the project aim to achieve, it will still be part of what will assist in deciding our investment before moving in to further research that will finally make us to conclude if the project is worth investing in or not. And now it becomes difficult to trust whitepaper and road map, but it wasn't like that from the beginning.
The solution I presume now; let’s take whitepaper to tell us what the project devs aim to achieve; don’t use whitepaper as a reason for investment.
A lot of scam developers discovered in 2018 that they could get through once they had a well crafted WP even without any tangible project. That was how they got a lot of us deceived with their vices. These days the WP truly doesn't mean a thing. For me, I don't bother going through a WP because I don't even do ICOs anymore. I am on the sidelines watching what goes on until a project is listed on credible exchanges before I buy in.
But first want to understand about a project that actually does what they wrote in the whitepaper. You have to read it like that, to know if they are doing right or wrong with what is committed. It is a quick way for you to make investment decisions
Any good writer with a little knowledge about technical aspects of a project can write a good whitepaper and road map. Anyone can easily do it. But a good whitepaper does not make a legit project. A project is only legit if the developer really intended to make the project as stated in the roadmap and whitepaper. So instead on looking on the whitepaper, investors should research the individuals involved in the project. Are they real? Can they deliver?
Whitepaper itself couldn't not be trusted to put your investment, you need to do other research beside the whitepaper to see whether the investment is scam or not, whitepaper will give you the idea of the project and what can you expect from the project, but nowadays you can buy the whitepaper or asked someone to create the whitepaper, so it can be the source of information for you to do deeper research
With so much abuse of the space by scammers and inexperience team members, a whitepaper alone does very little to convincing potential investors on the ingenuity of a project. A great whitepaper without a skilled team with integrity to follow through is worthless. Many whitepaper are full of outrageous claims
because currently looking for a really good ico project is very difficult, on white paper even though all the project designs are listed there but at the end of the ico it can disappear somewhere.
Whitepaper is the main document to describe a certain project purpose and idea but too many scam projects creating plagiarized whitepaper, so before we invest or engage in some projects we need to check the whitepaper and of course if it has a real team, we need to investigate this matters.
Well most of whitepapers of new coins are just write to be writed and some of projects fails even if team try to do something, more and more people lose trust on new project because in past more was exitscam and people lose money and time.
Its a very difficult to find good bounty. Its a true that so many scam ICO has good whitepaper and good roadmap but the end they run. As investor do not depend only two things.
I agree with you; dependency on only whitepaper isn’t good enough
It doesn’t make a project last longer or fulfil their intending technological promise
We need guile foresight and also a bit a luck to get 50% investment decisions right always
Its a very difficult to find good bounty. Its a true that so many scam ICO has good whitepaper and good roadmap but the end they run. As investor do not depend only two things.
There are actually strange experiences from different corner of cryptocurrency in recent times, but we understand the readings differently, personally, I don't know how to study it accurately, I have always thought I knew until I have fallen for very poor projects, which make me come down to believe in those who could understand it better.
Yes I'm tired of going through countless whitepapers to fish out the good projects and I've even seen few that copied from other projects ,we need to be more careful there are too many fake projects nowadays
Then you need a smarter way to read, understand and detect the best projects from their whitepaper
You only have to ensure the team follows your same idea before you cash out and miss out
You're absolutely right but I think this all depends on individual's experience in thr industry. As for me if I go through a whitepaper and the details of a project team, my instint will tell me if the project is fake or real, so whitepaper is still a very big thing for those who knows how to decode scams through it.
A good project that aims to collect big money, must have a great written whitepaper, but it is not the most important part of each ICO. In my opinion, a good ICO should always have at least an MVP before the token sale launch.
A whitepaper used to be viewed as an important document and many big projects like Boscoin and Hacken had whitepapers explaining the details of their project and the information shared was useful to the investors but now many ICOs just share garbage in their whitepapers and nobody cares to read them. Wise investors also are not paying attention to these details and they just care about selling their coins at a higher rate, nothing else like the future of the project and so on.
Yeah, of course. There are no reasons on why you must take and see the whitepaper first. But, to understand the project, you have to firstly read the whole whitepaper so you will know the purpose of the project.
White paper is a normal situation for projects, if you constantly use analysis, then you should understand that such options in general have good successful opportunities for normal project selection.
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