Bitcoin Forum

https://i.imgur.com/E0bNbVY.jpg

As pointed out here...

https://bitcointalk.org/index.php?topic=4438258.new#new

..to be careful of Chinese scams.  It was a failed blockchain company which was around since 2015 that realized that they could finally make some money with an ICO because of the crypto boom in late 2017.  They said they were 100 team strong and developing since 2015 but deliver a blockchain which is a consortium chain ripoff of Ethereum.  Companies and institutions calling them out on fake partnerships such as BMW and Oxford.  They've pumped their prices with fake volume washtrading on a scam Chinese exchange LBank which at one point did around $100 Million VEN per day!!  Their claim that they are going to have trillions of transactions and be the most used Blockchain was all garbage marketing to steal money from dummies.  This will only get worse.  

There were enough red flags and enough warnings.  People just don't listen.

People tend to only scratch the surface when it comes to analyzing ICOs. It requires a strong team and dedication to do a thorough analysis such as the one we do at Crypto Whales Pool (http://www.cryptowhalespool.org).

So be careful about ICO projects from China.
Because most of the time they are hyped, they don't really want to develop blockchains.

This statement doesn't make so much sense. Do they quit because they are Chinese? I don't think they give up of money, especially Chinese people! They are pragmatic. If the project is hyped and they have a lot of coins, devs are incentivized to develop the project and make millions of dollars.

Problems with these Chinese coins is hundreds of them came out of nowhere from last year.  It's hard to believe they had these great ideas and they all waited until the 2017 bubble to develop it.  Then they all claim huge partnerships with Chinese companies and government institutions you cannot really verify.  They do that with western companies and they get called out as fake partnerships.  Vechain's BMW and Oxford partnerships were fake as well as the one with Vitalik Buterin.

Also the problem with VeChain is it's scamming people thinking it's a wise investment to hold X-nodes but they own 80% of the supply of coins.  They'll have 101 authority nodes, and ton of other upper tier nodes that get 200% bonus on gas.  So they own all the supply plus give themselves 200% bonus.  A literal scam.  China Hustle at its best. 

There is almost nothing in this market that you can hide from I saw the crowd so every scam is going to the sooner or later reveals itself, we are having 1 million guys of audience, they will find everything by themselves.