Many projects are dead because they don't want to develop the project and don't have minimum knowledge about the blockchain. Otherwise, there is no development team active members but providing false profiles at the time of ICO. That's why we need to be very careful while investing in any ICO.
A legit project with hardworking team developers could also ended up failure because they have somehow messed up strategy or there's something that makes their project struggle even after putting so much effort into it. For example is the competitive market which is really hard for a project with rather low market capitalization to compete with the bigger one.
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Finding out the differences between legit to fake ICO's is quite difficult especially when it comes to projects statistics or projects main idea. Sometimes fake ICO was very realistic and that's the reason why there are so many people especially investors are being scammed. But with the help of some legit site that observe ICO's development and roadmap it could be prevent widespread of scam of fake ICO.
Not that difficult if you know the basics, scam ICO tend to use fake LinkedIn and random people's photo profile aswell. If you take a look, their picture always somehow quite fishy and do a google image research on that one. It's quite easy. However, whitepaper could be bought from someone else but the authenticity and how the whitepaper stands with logical and technical explanation is what matters most.
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Of course, there can not be several thousand projects, and all be promising and good. Of these, 50% are merely fraudsters, 30% are those who cannot cope with what they have in mind, 10% of those who do not have enough strength to bring the matter to an end, and I think only 5% of all projects will be able to realize their idea completely! Yeah, the dead project not much different from scam projects, they both run away investors' money. Except that dead projects are not managed properly by the team, so they are set back and far behind by other projects, sounds like a something that has been planned from the beginning and based on laziness. Actually quite different, scam project is running away because that is their purpose from the beginning meanwhile dead project usually tend to put all their effort to the project including burning money for marketing but still ended up failed maybe because their strategy is just a fault from the beginning or other important factors aswell.
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It's all about efficiency, the main purpose of AI? to automatize most of the things so that we don't need human resources anymore to do something which will definitely reduce the cost and improve the productivity. However other purpose is to make the life of human easier aswell. Different with blockchain, albeit having the same purpose which is to improve efficiency blockchain is designed to eliminate middle man and the border or limitation between transaction internationally while don't have any artificial intelligence built in but a command that will do as designed.
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Cash usage has been already over. Digital currency has been in the market for a long time. The correct expression, when people leave digital currency and begin to use cryptocurrencies.
Nope. Traditional cash is still being used everywhere, the only societies that are already cashless is in China and Korea if I recall correctly. Even in the USA people are still using paper money even though some of them already uses some sort of digital cash payment processor like Apple Pay or Google Pay but paper money is nowhere to extinction.
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Government hate crypto because its decentralized and the can't control it and government belief they have power over everything since they don't have power over crypto they have to hate it for that
they can't set crypto completely because crypto is very transparent because it uses blockchain technology. and as far as I know the government also said that if crypto is very dangerous because it can be a source of funds for terrorists, therefore they do not like crypto. whether it is just an excuse or indeed a reality but over time I believe crypto will be accepted throughout the world. That kind of thing also happened to ordinary currency like what the authorities have created. A currency will always depend on the user itself, it just doesn't make sense to blame the currency because it's people that have mind to do something either good or bad. It's all optional. In the other hand if we use the same logic, anything that have value could be banned because it can be used for criminality aswell. The government just need to make a regulation to prevent the criminality and it's solved. Not blaming the currency that have no brain.
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it's very difficult to determine a scam ICO now, maybe by doing a lot of research and searching for team information and seeing telegrams with non-bot communities
Most of the scam ICOs are already spotted even in their early stages, people are now have become more and more smarter compared to at that day when the first ICO appeared. They know how to distinguish fake profile and many more. Even most of them seem to take an in-depth review of the whitepaper.
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People are readily into crypto due to how fast and secured crypto is. You are able to do all your transactions within the shortest possible time. Again, there is third party involved in any transaction carried out in crypto. Last but not the least, crypto really changes the lives of people as they earn more money and also learn a lot of stuffs from the crypto world.
There's no middle man or third party that's involved in a transaction of cryptocurrency unless you're using a payment gateway like bitpay or such thing. The transaction is send directly to the destination without being intervened by the authority. That's because the decentralized system, although the coin will be there within an instant but it will requires confirmation to avoid double spend.
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I would not say that they are tired of the ICO, most likely they have simply become more selective or more careful!
Exactly! things get quite different to few years ago, at the moment so many people already have the experience to select a great ICO and distinguish the worst one. It's kind of maturation of the ICO market. Quite the opposite if things don't get to this direction, well that means people are not smart enough to learn from the past mistakes!
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Why do we need so many stable coins in the market? Currently we have Tether, TrueUSD, GUSD, Dai, Binance was going to create its own stable coin. But what if it turns out that one of the stable coins has no value? That's impossible because every stablecoin provider or creator will always giving back up equal to the total supply so that the coin can be bought back anytime with enough resource. They are taking the profit from the fee generated in every transaction. If the stablecoin turns out to be zero, that means the company is scamming.
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It's very difficult to hack cryptocurrency because the system is complicated and very dense to solve. Unless maybe the one that is hacked is the Exchange because there are so many hackers looking for it to get the money.
If it's hacking the written code for smart contract, maybe it's possible. But hacking a cryptocurrency that uses blockchain as its core system and the decentralized nature. That's nearly impossible and if it can, will take so much resource and effort aswell which will definitely making it not worth the try. I've seen plenty of smart contract that is vuln to hacker and those that have been taken advantage of but our security is improving by the time being despite having the motto "no system is secure"
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Yes i agree with that statement ethereum have a lots of investor came from ICO'S project and eth is deserve that titled but there are so many now ICO'S project are trying other altcoins platforms like Neo,Wave,Stellar etc. In can be aware on ethereum side but still ETH is the king.
Most of people still uses Ethereum anyway to deploy their own token mainly because the community is huge unless the other. The decentralized exchange platform also majority specializing in ethereum blockchain and that's a positive point when a token need to be listed into exchange urgently. The rest smart contract platform tend to have unique feature, but rendered useless because no one wants to use it. It's more of practical use than theoretic.
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Is ethereum going to be next bitcoin?
Lately, i read some conversations of my true friends that ethereum will still dominate in cryptomarket, this is because eth is massively used and mostly used by any projects, but for me, if the market capitalizations is concerned, i could say that it has a future and will be the #2 in the CMC whatever it takes. It's already #2 though. So, the using of word "will be" is not right. However after the decline of the price the total capitalization of ethereum decreasing significantly, even if I recall XRP could overtake the 2nd position for quite a while that proving that ethereum is still vulnerable against any other coin and could take the #2 position whenever it can. However, I see that the rumour of vitalik buterin leaving ethereum could somehow affect the market emotionally. People in the ethereum community are just too attached to the name like Vitalik Buterin.
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
I think if blockchain replaces bank the features will be diminished but it's good for us because we can earn money with it due to its highly in price and most fastest transactions .I hope it will remain regulated in higher price to earn much more. in any case, the banking system will remain and the block chain will not be able to replace banks. I think that the banking system is keeping up with the times and will be able to adapt with the operation of the block chain. Even the banker has a lot of interest to use the blockchain to replace their traditional system to minimize the cost. We know that there was a lot of companies are working with ethereum and bankers are working with the ripple blockchain. That means so many of them are interested to use blockchain and it will never replace the bank. Quite true though. banks are taking advantage of the blockchain system to make everything more efficient. It's just matter of time until they figured out the best way to use blockchain and there's only a really slight chance that cryptocurrency could replace bank. But hopefully it's possible for crypto to give an absolute alternative for those who don't like bank in the future.
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In my country, some universities have started elective courses on blockchain and cryptocurrencies. It isn't possible to teach in all schools, learning through individual efforts will benefit more.
Well I see some of online course available from MIT is discussing or talking about blockchain aswell. Considering how useful blockchain to improve efficiency in various aspect of technology it's basically not a questino because learning technology knows no bounds, technology always developing and becoming more and more advanced and blockchain happen to be the product of that.
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I personally do not think that ethereal is better than any other cryptocurrency, but just the opposite, that ethereum has a lot of flaws compared to other cryptocurrencies and they are very far behind
Despite having flaws ethereum has proven itself to be a useful coin that can be really used unlike other that's only good in theory but never being implemented for real use anyway. There's nothing perfect if we are talking about internet but however, it's a matter of how useful the thing is to the community.
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They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.
With all that said, should it still be a factor to look at when investing in ICO?
It is not a factor at all I think these ICO rating are just like hyiop monitor where you will get good rating if the price is right, why not do our research if they know how to look for a good ICO so can we I do not even look how they rate these Ico in their list because some of them are paid and you have proven that. Maybe should've renamed from ICO rating to ICO monitor LOL. If the review is not objective and heavily biased the rating will lose its point of existence there, why even bother giving rating if it doesn't guarantee the quality of an ICO based on objective review? Every ICO rating should actually remain neutral even if the ICO they reviewed advertising their project in the website of that ICO rating site.
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Vitalik, judging by the latest news, has already stated that he is preparing to leave his project. News of his departure will do more harm than news of his death. If it goes off the Ethereum, the network may well react with a sharp drop, if it did not become quite that there would be a big increase.
However Im sure that if ethereum still alive, there's still hope. The point of being decentralized is that it will not rely on individual or instituiton, ethereum is owned by community. Maybe vitalik leaving is a bad news and could potentially affect everyone involved to ethereum but however it's hardly bring down ethereum to the point where it will have zero value.
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In order for hackers not to crack your wallets you need to be careful when surfing the Internet. There are a dozen of ways
Regarding privatekey, as far as I know hacker will not trying to crack your private key like it's an encrypted data but instead they will lure you to give them information through some kind of phishing website, so many people already got caught into this trap and it's a must for people to always recheck the website they were in.
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I don't think it will ever replace the bank. Blockchain has been here for a few years now and there has been similar talks about blockchain replacing banks but today, it is hard to imagine that blockchain will replace banks as it is very risky as it is vulnerable to attacks and there will always be some issues on the codes that hackers are willing to explore.
Talking about technical aspect, banks especially their e-banking also have a hole that can be exploited by hackers but their centralized natures could overcome it. While in decentralized system like blockchain reversible transaction is just impossible. Maybe we need to resolve this first.
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