Topic: What is the problem of trust in projects? - page 20. (Read 4214 times)
ICO projects need not be closed, but regulated to eliminate or simply greatly reduce the risk of fraud from ICO teams. After all, among the many fraudulent projects there are very good ones. After all, we still do not know other options for the appearance of new good tokens. In general, in the Crypto currency, you need to use less centralized management methods, which we criticize so much in the course of ordinary money. You just need to correct errors and excesses.
A successful project manager knows that repeatedly asking a team for the impossible can quickly result in declining morale and productivity. The odds of successfully completing a project under unreasonable deadlines are generally not feasible expectations.
We are waking up to a new project on the this platform . but most projects ICO can not reach the soft cap. the biggest thing is that people continue to be afraid without being deceived. and when they enter the stock market they are all opening to the loss. We support the project but if we lose constantly. how can we join? Some people find an effective solution and stop at them.
But the potential ICO always achieves this, I see many projects have been successful, most of our knowledge is enough to analyze a potential ICO project, or we choose the wrong project deceptive and low quality. We are blamed for the market, wherever phishing always happens, we are deceived because of our poor knowledge.
There has been an enormous types of bounties all around various forum. The issue on board now is how to trace and fish out the promising project that will be anti- scam. In view of this scam projects, there has been the enaction of KYC by most bounty managers to curb the issue of scammers. Secondly, due to the issue of fraud ICO projects, investors need to be careful of which projects they might want to invest. For transparency of certain projects, states can adapt to manage the activities of some ICO’s.
There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
The problem is not all of that so called projects special ICO projects had not come to succeed. Many of them are scam. So I read their full white paper so I can see if they have a potential to be a scam in the future. Many of us dont read the white paper and the road map so they always scammed and especially we should check the backgrounds of their team so we can trust them 1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
We are waking up to a new project on the this platform . but most projects ICO can not reach the soft cap. the biggest thing is that people continue to be afraid without being deceived. and when they enter the stock market they are all opening to the loss. We support the project but if we lose constantly. how can we join? Some people find an effective solution and stop at them.
Yes, there are a lot of ICO scam this days which was also the major thing that caught the attention of US SEC and bitcoin regulators. Besides, I also heard that ICO scam was also the reason why some countries banned cryptocurrency and also call it gamble but ICO cannot be remove and it will be better if they are control through of registering their project to their native government just as real world company does.
With this all fake or scam ICO will exile.
With this all fake or scam ICO will exile.
It's getting more and more projects but not necessarily all of these projects will be frauds because there are so many successful projects and there are projects that pay big enough, if for example the project is stopped want to earn income where we are no capital, if trading and mining needs substantial capital.
Building trust on a project begins with the project manager. On complex projects, the assignment of a project manager with a high trust reputation can help establish the trust level needed. The project manager can also establish the cost of lying in a way that communicates an expectation and a value for trust on the project. Project managers can also assure that the official goals (stated goals) and operational goals (goals that are reinforced) are aligned. The project manager can create an atmosphere where informal communication is expected and reinforced.
Problem of trust exisits because any TOM DICK AND HARRY can start and ICO today and raise millions.... Since the regulators are still trying to understand bitcoin, the scammers take advantage..
While the above is true, this can be changed... Lets ask ourselves ? Why are poeple even raising money in ICO ? when the money is already produced on a computer (producing new tokens /coin).. I believe that the future may be where the new coins get created and distributed equally and then depending on their buy / sell activity (true merit of the project) - the founding team makes money since their holdings become more valuable - if people decide to hold or buy more... In that case, scams will n3ot happen
This precaution are good , and investors are well educated about how to avoid in investing ICOs that are scams, we put our trust in the problem but the problem is , even if we are warn already about the scams that might be encounter, still we are avictim of scams, this is because the ICO that is being introduce is not regulated by the bitcoin forum, evrn the bounty manager had no idea if it is scam or not, I think ICO projects should be regulated. While the above is true, this can be changed... Lets ask ourselves ? Why are poeple even raising money in ICO ? when the money is already produced on a computer (producing new tokens /coin).. I believe that the future may be where the new coins get created and distributed equally and then depending on their buy / sell activity (true merit of the project) - the founding team makes money since their holdings become more valuable - if people decide to hold or buy more... In that case, scams will n3ot happen
Problem of trust exisits because any TOM DICK AND HARRY can start and ICO today and raise millions.... Since the regulators are still trying to understand bitcoin, the scammers take advantage..
While the above is true, this can be changed... Lets ask ourselves ? Why are poeple even raising money in ICO ? when the money is already produced on a computer (producing new tokens /coin).. I believe that the future may be where the new coins get created and distributed equally and then depending on their buy / sell activity (true merit of the project) - the founding team makes money since their holdings become more valuable - if people decide to hold or buy more... In that case, scams will not happen
While the above is true, this can be changed... Lets ask ourselves ? Why are poeple even raising money in ICO ? when the money is already produced on a computer (producing new tokens /coin).. I believe that the future may be where the new coins get created and distributed equally and then depending on their buy / sell activity (true merit of the project) - the founding team makes money since their holdings become more valuable - if people decide to hold or buy more... In that case, scams will not happen
A relationship of mutual trust is less formal but vitally important. When a person or team enters into a relationship of mutual trust, each person’s reputation and self-respect are the drivers in meeting the intent of the relationship. A relationship of mutual trust within the context of a project is a commitment to an open and honest relationship. There is nothing that enforces the commitments in the relationship except the integrity of the people involved. Smaller, less complex projects can operate within the boundaries of a legal contract, but larger, more complex projects must develop a relationship of mutual trust to be successful.
There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
ICO is the new way to fund money and many people are using it for scam. It should be a new way to invest money but what happening is not every one use it for good purpose. ICO should be regulated and im sure if ICO are regulated it will make Investing in ico better than now and more safe, With regulation it will also will attract more investors to invest in crypto and i do think regulation is good think to stop many scam on ICO. 1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
it is currently a lot of ico scam, and I suffered a lot of losses because the price of tokens in exchange cheaper than ICO prices, this year I stopped following ICO because I think follow ICO is just a waste of money. very difficult to find a good ICO at this time
That is not best solution putting ICO to be stop because not all ICO developing in the blockchain are scam. Because as for me there are many ICO's that are potentially and profitable in the end with bigger earning. For the solution that you have experience you better quit on the manager of what mostly your project is follow to avoid losing.
it is currently a lot of ico scam, and I suffered a lot of losses because the price of tokens in exchange cheaper than ICO prices, this year I stopped following ICO because I think follow ICO is just a waste of money. very difficult to find a good ICO at this time
If you trust the project, you should consider carefully in the community, potential projects they have real community, questions related to the project, the most practical and necessary questions. Not the question is not flabbergasted. Second you have to check the management team, they have the social networking site clear and clear photos. The project has clear details about selling tokens ... etc
most of the confidence issues that are problematic in the cryptocurrency world project are from the products they provide sometimes are not very clear and the absence of MVP is a problem as well.
The problem of trust in cryptocurrency investing is not limited to outright scams. Many projects use aggressive strategies of shilling, buying reviews and rankings, or are caught in the awkward position of having over-promised. Sometimes mass amounts of misinformation being fed to investors and the volume of noise in the industry can also caused trust problem. Thus, the problem with scams, fraud, shills, etc, is a problem of TRUST…the lack thereof.
Well that is true. Personally I've been tricked into buying an ICO. In the end the coin wasn't successful and I don't have anything to show for. Now i actually buy alt coins only if it has been 2-3 months after their ICO. I'm pretty sure the price is higher but i wouldn't want to be a fool by joining an ICO again.
experience and observation give us big impact. buying coin or token in ico stages have big risk.better buy it in market that usually give big discount. 
Well that is true. Personally I've been tricked into buying an ICO. In the end the coin wasn't successful and I don't have anything to show for. Now i actually buy alt coins only if it has been 2-3 months after their ICO. I'm pretty sure the price is higher but i wouldn't want to be a fool by joining an ICO again.
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