Whitepaper still a thing? | Bitcointalksearch.org

Z-tight

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Quote from: Kalchef on August 13, 2022, 07:38:25 AM

Right now i am moved to check projects whitepaper only after I am confused enough about what the team are building, the whitepaper is the last thing I checked out in every projects.

Uh...i don't know how wise that is, if you check the whitepaper last, what then do you check first, the whitepaper is what gives you information on "what the team is building", how then does checking it last help settle your confusion as to what they are building, since you never did read it at the beginning how do you even know what they promised to build so to get you confused that they are now deviating. Roll Eyes

Kalchef

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Right now i am moved to check projects whitepaper only after I am confused enough about what the team are building, the whitepaper is the last thing I checked out in every projects.

Darker45

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Yes, of course. Since you're doing a research on a certain project, you shouldn't skip reading its whitepaper. The whitepaper is everything the project is all about. Whether the developers will stick to what they're writing on their whitepaper or not is a different story. Whether the whitepaper will prove to be mere lies in the end does not mean that whitepapers are not a thing. The point is that the whitepaper is the primary source of information when it comes to knowing and understanding a particular project.

Rengga Jati

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Quote from: Vvang on August 10, 2022, 07:02:28 AM

For a crypto beginner like me is the so-called whitepaper some I should count on when doing research? people are still talking about the whitepaper of crypto projects but few people said it doesn't matter.

In my opinion, yes exactly.
Whitepaper, we can get enough information about the project from the whitepaper. But, this is not the only one for you to consider and research if the project is good or not. Because many scammers also create their whitepaper as good as they can, very promising. Howeve,r they are scammers. That is why I said that WP is one of the eelements to analyze of a project, but not the one. COnsider also to research their team,promotions, utility, social media, and also others to ensure the research and also decrease the scam risks.

nakamura12

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I think whitepaper is still a thing for project owners but for me it doesn't mean anything as the whitepaper they show to people are only their plan/goal for their project. If it is successful what is in the whitepaper then it's good news for their investors but if it isn't the it's just a plan/goal they wanted to achieve but failed to do so as they spread it to wherever they can find promote theit project like Bitcointalk for example. It's either successful or failed.

cheezcarls

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It’s usually necessary for every project to have a whitepaper because that’s where we be learning some in-depth information on what we are trying to invest into. However, before we believe in such project, we always see if the whitepaper has some content being ripped off from the other projects that would result to an act of plagiarism.

Right here on Bitcointalk we usually do not tolerate such acts like that. In other words, zero tolerance on it. Let’s just be cautious and do our own diligence guys. Even those websites that are beautifully designed are also having plagiarized whitepapers too, even if it’s not their own intention like hiring someone outside who will be writing it on their behalf.

Issa56

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I think project whitepaper is very important in a project, a project that those not have a white paper I don't think people will trust the project, nobody knows what they want to achieve or what the project is all about, so nobody will definitely want to invest in the project. whitepaper always gives the breakdown about the project their aim and what they are planning to achieve, actually a project having a well detailed whitepaper those not mean the project will be successful is the market, but the whitepaper will help investors know what the project is all about.

Juicy_D

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Quote from: Vvang on August 10, 2022, 07:02:28 AM

For a crypto beginner like me is the so-called whitepaper some I should count on when doing research? people are still talking about the whitepaper of crypto projects but few people said it doesn't matter.

In as much as reading through the white paper is not the only tool when Fundamentally assessing a project. It's always good to read the white paper to have a background knowledge of the project. No good or bad project is without a whitepaper. Yes, white paper is still a thing .

5W-KILO

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There are projects with worse-looking white paper, just black and white ink and nothing more yet they deliver the best, go and look at LTC, Dash and others whitepaper, not colourful or attractive looking like some projects that later ran down, investigation on crypto projects should be on the actual team.

2stout

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Of course it is, can't seeing this ever not being a thing. A project, coin, or token without a white paper is basically a dead giveaway to stay away. Of course a white paper itself doesn't mean scam free but absence of one typically indicates scamtastic.

Marvell1

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Plagiarism aside, the whitepaper is considered the first part to consider before we want to invest in a project. Whitepaper is a very important thing of a project, for us investors, it is equally important, the whitepaper contains full information about the project, ideas, development roadmap, purpose...

A perfect whitepaper cannot guarantee a successful project, the theory is like that, but when you start to implement it, there will be many unexpected problems arising. So the whitepaper is only the first step in evaluating the project, it takes many combinations to be able to determine whether the project is worth the investment or not.

AmoreJaz

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Quote from: libert19 on August 10, 2022, 06:34:11 PM

You may find lack of it, but it doesn't really matter.

This is perfect representation of most icos, product described in wp and actual release. The projects with millions raised turn out to be like projects created by high schoolers.

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you got it right! most of the time, you will read a lot of well-written whitepapers, a very comprehensive one but once they launched their product or services, it is a big disappointment. so you should not really rely on wp itself when you evaluate a certain project but how they will implement it. it is still a vital part of any project though, because that's where you will see if the team is serious about their project. you can get insights on how well they prepared for their project when you view the content of their wp.

libert19

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You may find lack of it, but it doesn't really matter.

This is perfect representation of most icos, product described in wp and actual release. The projects with millions raised turn out to be like projects created by high schoolers.

Rufsilf

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Quote from: Vvang on August 10, 2022, 07:02:28 AM

For a crypto beginner like me is the so-called whitepaper some I should count on when doing research? people are still talking about the whitepaper of crypto projects but few people said it doesn't matter.

One thing to look into in a certain project if it is reliable or not is the whitepaper but for now, it looks like it is one way to fool investors. Because the truth is that not all investors care enough to read the entire thing, not are able to recognize if that project is legit or not. Sadly, whitepapers now become the reason why people lose their money, unlike how people valued this before. It is very unfortunate that the market changes almost everything and it was really hard to tell which project is legit and sustainable long-term.

Taskford

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Quote from: Vvang on August 10, 2022, 07:02:28 AM

For a crypto beginner like me is the so-called whitepaper some I should count on when doing research? people are still talking about the whitepaper of crypto projects but few people said it doesn't matter.

For sometimes it matters because you can see the whole break down on where there project heading as well you can also see if they just put a serious details and not copied ones. But don't give to much weight on what they have written on the whitepaper because for sure not all the project will follow it and also even if how good they are base on their whitepaper their are tendency that they turn scam so best do always your due diligence and always secure your money or profits upon putting up your investments on risky projects around.

JoyMarsha

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The whitepaper is known as a detailed or authoritative report. It contains a detailed breakdown of what the project is to offer and how they plan to go about it in the future terms. Every project has its whitepaper that is different from the other. Some are plagiarized, sugar-coated by a paid writer and also have unreliable information.
In crypto, most of the projects don't go by the timeline they have in their whitepaper. They keep failing to deliver on the timeframe promises according to their whitepaper.
The whitepaper is just full of empty promises, lies and uncorroborated findings. Reading a project whitepaper is okay but don't put their plans at heart

Bhig Daddy

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Whitepaper shows you the aim and objectives of the project, it show you how a the roadmap on how a project want to archives it goal, but also have in mind that it still doesn't guarantee that the project will be a success. So it is very considerate to read the Whitepaper.

suzanne5223

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Quote from: Vvang on August 10, 2022, 07:02:28 AM

For a crypto beginner like me is the so-called whitepaper some I should count on when doing research? people are still talking about the whitepaper of crypto projects but few people said it doesn't matter.

I think the people that said whitepaper of a crypto project doesn't matter don't know the benefit of it because whitepaper is like a room where the project establishes itself as a credible project, address the investor's interest, and gives more insight about the project concept. Besides, most start-up project in which Dragonfly Capital Partners, Anthony Pompliano, etc invested was able to convince them through their official whitepaper. Tell me why is whitepaper not important?

royalfestus

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Quote from: hd49728 on August 10, 2022, 11:42:23 AM

If you are newbies, don't read whitepaper because scammers will write very attractive ones to make you believe in their projects.

If you read, don't trust in white paper that is too good in graphics and have too many good promises in technology and finance.

You can skip white paper of new or upcoming projects, and only choose projects that have 4 or 6 years in history to invest. If they exist 4 or 6 years, they are not scam and no rug pull.

If you know how to use explorers, use it to check token distribution. If distribution is too centralized, risk of rug pull.

experience will help everyone to read whitepaper, it took me time to know what to look at in whitepaper. There are no guarantee that a 4 year and more project can be succesful, I used to beleive in that until the last cycle came with new hype like the Defi, NFTs etc. that left bitcoin hardfork coin, privacy tokens etc out of the cycle. However, some project idea will last several cycle eg. exchange coin that have several used cases like IEO, transaction fee, blockchain

SatoPrincess

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Quote from: Vvang on August 10, 2022, 07:02:28 AM

For a crypto beginner like me is the so-called whitepaper some I should count on when doing research? people are still talking about the whitepaper of crypto projects but few people said it doesn't matter.

Yes I think the whitepaper matters to an extent, though many projects plagiarize their whitepaper from other projects. It makes it easy to know a scam project when they plagiarize the whitepaper of other legitimate projects.

Topic: Whitepaper still a thing? (Read 333 times)