Bitcoin Forum

I was going to invest in this ICO but I am second guessing it now after checking out some of the Linkedin pages. Everyone on board is basically unemployed or has some shoddy inexperienced background. Very underwhelming for a team leading a new coin? Anyone agree or disagree?

You have a link to the ICO?

It's typically on page one of the ANN section.  The ICO jumpers will fall flat on their face with this one.

i know, i was being a little lazy and at the same time casually pointing out the fact that OP dropped this info and opinion in a new thread and never provided a quick and easy way to check the offeres?  the site?  the ANN?

https://rise.vision/ico

Checkout the team section. Legit I was going to invest but I realized I was basically investing in a ponzi scheme lotto ticket. Nobody on that team should be behind any cryptocurrency.

Does this signal the beginning of the end for easy money pump 'n dump ico schemes? At this point this ico hype is getting beyond ridiculous.      

Their ICO is not really looking good. One month into the ICO and they only collected just over 600 BTC. I don't know how much their burn rate will be but that wouldn't be enough to last them 2 - 3 years in my opinion. They should spend some of that ICO money and do some more and better marketing.

The only thing here beeing a scam is your social media profile. Your crypto life centers around losing cash in online gambling and getting ripped off at coinbase. Dont trust his lies!

They have a dev talk scheduled today. Ask away.

In fact most ICO schemes are scams indeed. That team does not look technically able to implement their plans. This is most likely not going to turn out well for the investors. They have raised almost 500 BTC and will probably hire developers to do the work later on while sipping on a piña colada themselves.

Listen Buddy, im planning to be a $ millionaire by the end of 2016. and rise will be my wealth vehicle. If rise crashes (lol) or turns out to be a scam  i will beat the piss out of everybody involved...

It would look better if they cited specific companies and projects they have worked on.  Almost every profile has a very general description of their experience and where they work.  One guy works for "a fortune 500 company" - which one?  If I am going to invest in something I need to see the who what when where and why.

The f you talking about? Where am I lying? you on that crack rock son?

After reviewing these profiles I agree. It seems like they should release some working software then do an offering.

The consulting company involved can't even manage to maintain its own website?  https://dontpanic.consulting

Thats what i got from him via pm. Mods please help me out here...

Reminds me of the LISK boys. And I mean boys in the most derogatory terms.

The fact that people stuck it rich in a few ICOs means that people will continue investing, in the hope that an alt will turn out to be the next bitcoin/ether. Unethical developers make quick bucks and move on.

i don't get why i should invest in this ICO, i mean the project gives me a lot of doubts

- why not just work with lisk team instead of forking it?
- what are the advantages over lisk to justify a fork?
- why you need an ICO for this kind of work?

to me sounds a bit strange and not worth the investment

I am starting to think that most of the ICOs and IPOs are more or less scams.

If you have a great business idea there are much better ways to raise money, in the case that you really are honest.

Yea after reviewing the profiles I realized what I was doing was gambling. These people aren't even close to qualified to launch or run a new platform. They don't even have proper corporate experience or relevant educations.

:D

Real professionals! Guys are raising money and cannot keep website up and running!

Don't get me wrong, I still might gamble :) But compare to Waves where I at least see *some* path forward, I don't see it here.

Hate to dissapoint everyone in this thread but Rise doesn't look like a scam.

https://www.youtube.com/watch?v=-iZqS5lc-Qg (https://www.youtube.com/watch?v=-iZqS5lc-Qg)

You are right. Scam is not the right word. Its not bad intentions.

Now I feel bad I am crushing people's dreams.

My point is, given the lack of resources and experience, I would like to see a more focused approach to such a broad goal. As now it is hard to think about servicing Java/Ruby/C# developers all on one platform all needing their own SDKs IN ADDITION to servicing a broad consumer market. Focus is key. On other hand I get these are ICOs and selling vision is the name of the game.

*sigh*

Are people really asking a serious question when asking if ICO coin brand X is a scam?  99.99% of them are scams and unless you are truly deceiving yourself,  you are gambling when you buy into one.  People make these shitcoins not because they want to make you rich or because they love puppy dogs and sunshine,  but to make themselves rich.  That's it.

Some are really skeptical when it comes to ICO coins, many have turned scam after the ICO ends, but i asure rise will never be a scam it will not get rich quick but its worth a try.

This is the age of the ICO, everyone is trying to jump on the ICO train now.   After ETH, LISK, and Waves huge collections people see $$$.

Scam or not, it seems most ICOs are just trying to cash in on the easy money, with a fancy website, team, and polished white paper ...

But anyone is free to invest whenever wherever ...

Ive decided to stay clear of this one, maybe it will all go well but the logo doesnt look like its had a whole lot of work put into it, Looks like a 5 year old slapped it together on microsoft paint.  Still good luck to all who are investing, hopefully it turns out well for everyone and i will be gutted i never invested.

Can you send us the linked in links and any other links you using as proof of your claims. I was thinking of buy rise but now i'm not so sure.

9 out of 10 start ups fail, does this make them scams?


And why we are still at it, Lisk team was way more underquallified but this did not stop us from doing 4x ICO. Will Lisk succeed eventually? I don't know and I don't care. 4x is a good investment/bet for about 30 days.

agreed 100% with that. we need proof

Children call everything they don't hold a scam, nothing new.

It is getting so easy these days for any person, any age almost to start some revenue making project, i won't even call all of them "businesses".

I am 46 and when i was young, there was no Internet, no crypto, i made my first dollars going door to door painting people's address on the curb for $5....amazing what a three dollar can of spray paint and a set of stencils can do.


the point is that back then, ideas, business ideas and other things came and went because there was little way to act of them and the whole global think tank was not there

i will encourage anyone that has a good idea and tries to run with it, or idea at all. 

That being said, i do think that a business team that does not have the complete expertise to fully follow through on an idea should be backed by third party help.  I would rather see guys like these have a website built for $5 on fiverr, rather than use drag and drop and such to make a site.  a really great idea can become so big so quick that the money and time of the clients vested in that business is huge, the wrong team can lose everything for everyone by simply missing the VPS monthly bill or deciding to upgrade the server and not properly bringing the old data

they seem ok at rise and i can see some things that look like they have used outside help....i just like to watch for issues that could mean disaster and not even through scamming

1. Intermittent Web Service

     this could mean that the traffic on the site has grown to the point that an upgrade needs to be done.  Some VPS providers will upgrade the server with one click, but that does not always mean that the data can make the journey like that

2. Static lapses in support

when a company gets too big for its britches i find that there are a lot of reports that the support team is not answering questions.  if this is always the same time of day, that tells me that the team is too small and using support software, but the fact is that a small team of people sleep sometimes.... larger companies either staff support 24/7 or use a third party system

There are other things that i see on other sites that show me they are growing too quick....the point is that a good idea has to be backed by good action, i don't care if this team does that or pays some one in a third world country to do it, these days you can buy expertise and pay by the hour