Hey there,

I am a blockchain developer and most of my work consists in auditing Blockchain projects, criticising their use-case and proposing solutions and guidances.
What really kills me is the amount of scams and useless projects based on economic scarcity, fomo and proof of stupidity (https://www.youtube.com/watch?v=p1ZYGuJXBQE)

The reasons why we have to fight scams are fairly simple:
- Scams attract regulators
- More scams attract more scammers
- People invest blindly but if given the change to understand a project based on a professional analysis I'm sure many will think twice between sending those guys money.
- You know what is worse than exit scams? Shell projects that never get finished or have no traffic because their use case is pure BS.

I propose listing all the ICO scams here that can't correctly justify their use case, presumably scams:

* EQUI https://bitcointalk.org/index.php?topic=2888110.0
The guys weren't able to justify the use of their token and don't answer to critics and questions. More importantly they provide a passive return on investment which fails the Howey test (http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html). They use their public image in order to attract suckers. Based on their use of proceeds they reserve 30% in order to develop the platform. 30% of 72 million to develop a react website with a postgres database and link it to infura (i assume they didn't even think about that). Laughable at best.

I think bitcoin is super affected on the negative news from china and south Korea but bitcoin still have a lot of investors not only in china there's so many in other country bitcoin will be rise again soon

I will choose bitcoin than gold because I know that the value of the bitcoin will increase more. I know that people will choose gold than bitcoins if they are not aware to what is bitcoins.

Yes, we will wait for the bitcoin price to increase again and I think this is the best we can do for now after the big downfall from last december 2017. Many traders and holders losses because of this downfall.
But we all know that all cryptocurrencies are so volatile, it increases or decreases value from time to time. So we need to wait for the price to increase again and I think that won't take too long. Just hold your tokens or bitcoins and don't panic.

I agree because bitcoin is the most good money in the future of bitcoin users. Rich people created from bitcoin. They invest and already profited joining trading with small capital and time to time they earn money .  People become richer .

I think this post of yours about Bitcoin is somehow controversial.
Bitcoin is still and will ever remain the back bone of CRYTOCURRENCY.

I really choose bitcoin because it is the best cryptocurrency and i know that bitcoin can really help me to have many money by the end of this year, and among the rest bitcoin has a big chance to pump it's value very high, just like what happend last year bitcoin reaches $20k.

Hi,

You know you are over-reacting, right?

New legislaton in South Korea may change things for South Koren users. Though, they can still use bitcoin, they just need to add a VPN to their daily routine.
Then, your post.. Actually you are pretending that bitcoin is no longer anonymous but there is nothing to support such statement.

I understand that you can be fed up if you are leaving in South Korea, but admit it, legislation is still lagging far behind what technology allows. And if you are not directly concerned, then why do you panic? Seriously, there is nothing worrying, people get more and more involved and that's exactly why governments are bothered.

So actually, that's a great news about the potential power of bitcoin!

That'll be a good news for the rest of cryptocommunity. Speculations has it that bitcoin will rise more than the amount being presented in the OP which i think is very unlikely to happen considering bitcoin's sluggish movement. But then, bitcoin is very volatile and unpredictable that it might burst starting tomorrow. Bottomline is, we just don't know when it is so i think 25K USD by 2022 may be achieved ahead of time.

with some of the reasons you mentioned above I think that is your right about all the shortcomings that exist in bitcoin. but frankly I disagree with what you say that bitcoin is so useless. I think you are the most unlucky person because I think there are still many out there who can feel the positive impact of what they get from bitcoin. and I just want to say hopefully someday you can enjoy a very good result of what you have done with bitcoin.

In my opinion no Bitcoin can't replace dollars because dollars is the number one paper money in the world and more easy to use even without internet not like bitcoin you can't transfer or use it in paying bills without the use of internet.

Already bitcoin had defeated the gold.I think you know the value of bitcoin it's around 11300$.
1 Bitcoin = 30 grams of gold.
So already bitcoin had defeated the gold in his value and market investment.

It's because of greed. Many people are selfish. Nobody really cares even though they pretend to. Thank God, Jesus cares. Apart from spending on pets, pets have feelings even. what will one say about all those reborn babies. People will spend time, money and shower love on things that don't have life. So unfortunate.

I think if the price of Bitcoin is stable more people will invest in it as they will be sure they wont be at a loss. We should try to make Bitcoin price stable for larger amount of people and unstable prices only favor handful of traders, but I think it's very hard.

Aside from our daily needs, I make sure to hold at least a certain part of our bitcoin for future purposes, I also save at least 10% of my earnings in my bank account, also sharing what I do have especially to my grandfather as I wanted to see his happiness everyday before his last breath, I want to let him experience the beauty of life so I am giving all what I can.

Yes ,all of us want or like to contribute to pay taxes in order to develop projects and programs in the community. But somehow theres a lot of government who are corrupt .Few days past In my country  taxes was eliminated but the prices increases. The president in my country eliminated taxes ,in my opinion it is because some officials in government uses the tax money to their own interest.

The prices for BTC currently is relatively stable and is slowly going up again. This is a good time to buy bitcoins and sell them in the long run for a lot of profit.