Topic: Why do most people consider most ICOs or Altcoins as scams (Read 1967 times)

Any alts and bitcoin will only matter on how they can be useful in an individual if they think such way then they cant ses how cryptocurrency works.

I can't answer that anymore.. i am sick of it. (probably answered that hundreds of times)
It has no bearing on what i posted on this topic 3 comments earlier either.

All i see before my comment and after is noob accounts.

I told you the honest facts.. all day and all night.
If you are looking for an ulterior motive to my posts you will not find one.
I am the only honest one here not secretly pushing an agenda. ($$$)

Spoetnik, out of curiosity, which cryptocurrencies do you support? I agree with most of what you say, but so far I've only ever seen you disparaging coins. Do you support Bitcoin? Monero? I'm genuinely curious.

Thats the risk in investing,we cant tell in an instant if it will get scam or not , it just a matter of taking the risk and pray for better results.

There are so many ico’s, and when a market is filling, you inevitably end up with some who want to make a quick buck. Whilst there is no or little regulation, it will feel a little like the wild west. Nonetheless, there is great work being done within the blockchain arena.

Because until the dev has delivered a working project people have paid sometimes up to tens of millions of dollars on nothing more than an idea. Many projects in the past have turned out to be scams and so it is up to the devs to show that they are the real deal, not the other way around.

Crypto brings out the worst kind of people simply because its easy to run off with someones funds once they have sent them.

Well someone needs to tell this mush mouth foreigner you quoted Bitcoin was not an ICO.
So fuck off with the comparing BTC to ICO's crap.

It's not worth it ?
Yeah it is.. it might save someone out there from getting ripped off.. FROM YOU !

But yeah.. you heard it here guys.
It's true some ICO's are bad because of a lack of an Escrow.

Yup so if you joined a water filter scam scheme or got an email from a Nigerian prince then.. well.... it's legit as long as he used an Escrow

Seriously are you all THAT stupid ?
Or just greedy / immoral ?
..or both ?

its because other people judge it because sometimes the fault of the sig manager, in the campaign and i think they dont have an escrow  in their campaign. sometimes people asked for an escrow some campaigns dont have, and sometimes they have a small market value and they doesnt go up they continue to go down and down.

You guys are all participating in a new age digital variant of the classic pyramid scheme.
..a greater fools game.

Reality is no ICO ever accomplished anything.
And none will because of what i said earlier (how they work)

Your greatest ICO achievement is a scammy ass app's platform that is not used.. nor even a currency.
Called Ethereum.
Do people place the value of it so high because the fuel tokens are are such high demand for the intended purpose ?
Or..
Are the ICO scam coin simply inflated in value to epic proportions because idiots are flooding in here buying them hoping it gets pumped again ?

If you don't see what i see then i think you are broke already.
Because it tells me you are 100% oblivious to the real dangers of the charade being played out here.

LOLZ:
ETH will replace Bitcoin the Investards said lots before.
So.. buy Bitcoin then use that to BUY Ethereum coins.
See a problem with that procedure ?
Yeah i ROFL'd  
We're not dealing with very bright bulbs around here hahahahah



Liek OMG buy teh Ethereumz cause Putin Mcirisoft IBMS big BANZ are buying dem !!!!!1111ONE

i am agree and not all ICO is ended with bad coins in the market. as long as we can select a good ICO with a good solid dev and the teams, then we don't have to be worried that in the end, the ICO will be scamming the investor and run away with their money. i think there are many ICO that have got success and the coins have a good place in the market and this is why we need to read all about the project of the ICO before we make investment with them.

Ico can be a good plan, if you are very very very selective

Too true. Most ICOs just turns into scams. Basically, there are a few signs it will be a scam like when the coin does not even offer something new. Basically those clone coins are just scams out right. Then you have to check the developers if they are doing anything or making anymore progress, though sometimes they quit at the end or after the ico ends. All of these signs though are not always present. Sometimes it was just planned to be a scam and no one caught wind of it.

Most people believe ICOs are scams because the vast majority of ICOs are scams. Not only are they usually a bunch of people with no apparent experience in the crypto sphere asking for money to be thrown at them, but most of the ideas behind the projects are either utterly pointless or hopelessly unrealistic. I'd love to see proof that a reasonable percentage of ICOs are legit, but I doubt I'll get it.

Because they don't have plenty of information, and the immediate reaction is that.

I support the SONM project these days, via social media and event though I am not part of the team directly. I support the SONM project because after reading the information they have available today, it sounds reliable, who know surprises happens sometimes! But so far the SONM project seems to be working hard to bring the new features alive.

Visit the SONM project here:
https://bitcointalksearch.org/topic/icobounty-official-sonm-project-bounty-campaign-thread-1881191

if they earn some money from the market
maybe they will believed that is a stable investment

Initial Coin Offering (ICO) or better said - Initial Scam Offering (ISO) can make you very rich but is by definition very likely to be a scam because the developers can just dump the majority of the coins and walk away with millions.

Recently i have participated in one signature campaign called betope.io then i started observing official thread and ICO website . Daya by day one by one scam accusation comes in thread finally iICO never happened . My one week effort gone for nothing

the coin of the county are support by the military of the county
what's the Altcoin support by?
it's only an investment activity.

Because they are only fancy words. Ideas.
Nothing has yet been achieved. People are buying like crazy thinking one of the tens or hundreds will hit the jackpot. Or that they will be faster at dumping than the next one, when the whales start dumping.
They are yet to deliver, but it's not that bad to invest a couple of eth, just in case.

I was not being "Self righteousness"
I was talking all along about the tech behind an ICO.
I specifically pointed out yet again how the initial distribution is scammy.

To me it is about the code and nothing else.. every other aspect to it is a secondary matter.
The fact you guys are not smart enough to grasp that screams stupidity to me.

All i hear is scammers crying FUD because i threatened their ROI's income.
You are not offering an intelligent rebuttal to my technical assertions.

At no point did i claim ICO's are scammy because they hurt my feelings.
Noooope.. on the contrary i typed out in bold text it's because of HOW THEY FUNCTION BY DESIGN.

I keep pointing your horse heads at the water and all you babies do is pull away mumbling about ROI's and FUD.

And i can safely speak for planet earth here profiteers & investards..
Earth gove 0 fucks about your ICO's.
Bitcoin impressed the shit out of people.
ICO's do not.

Earth adopted Bitcoin.
Earth is not going to buy your ICO bags.

An ICO is a scammy downgrade from Bitcoin.
ALL ICO's !
The distribution model is scammy and will never be better than a mined launched coin such as BTC.
The code to an ICO and how it works is a down grade from Bitcoin etc.

I fucking dare any of you to say the ICO was an improvement over BTC's initial distribution model.
Seriously do it little greedy shitheads.
Because if you can prove that case then yeah you can then convince earth to come running here to buy your fucking gay ass shitty scammy ICO bags.

..otherwise they ain't comin' investards so wake the fuck up already.

"Self righteousness"
I think not NOOB ACCOUNT.
It's about greedy pieces of shit writing SCAM CODE.. then compiling it and sending it to POLO for ROI's.