Why do most people consider most ICOs or Altcoins as scams

[BaumT]

Why do most people consider most ICOs or Altcoins as scams, even if they not. Inventors work very hard in implementing these coins, they don't deserve to be told that their hard is nothing or its not worth it. Even BTC was once less than a dollar, Look where it is now. So stop lets criticizing other or newly created projects, it's not worth it.

[Bernardcrosier]

Well, People will always talk, but I don't think it's a good thing that they are criticising other people's hard work. If you don't like it, you shouldn't go around and badmouth it. It's not worth it

[tinyteapot]

There are many reasons that could make people to call a coin project scam and this is basically have to do with their past experience in the bitcointalk forum or other related website.

There are some signs that will point to an experienced crypto currencies user that the coin been discussed is a scam or not but this only applicable to the ranks from full member and upward because some people just create a brand new account just to call a project a scam, such words should be disregarded.

[Thelmassey]

That is not a good thing at all, people work very hard to see their projects succeeding, the last they need is people badmouthing and critisizing their projects

[Ayers]

Why do most people consider most ICOs or Altcoins as scams, even if they not. Inventors work very hard in implementing these coins, they don't deserve to be told that their hard is nothing or its not worth it. Even BTC was once less than a dollar, Look where it is now. So stop lets criticizing other or newly created projects, it's not worth it.

because in the past many ico turned to be a scam in two way, one because the escrow run away, and was a friend of the dev and both were scammers, and another one because the dev dumped on the market and killed the coin, or simply the dev forgets about his coin and the coin remained there for useless trading and die after that, there are many cases of this in the ANN section

[machinek20]

Many of them consider it as scam because the developer run away or the project that the developer promised is never happening or the feature that being promised is not true, and that is causing people to losing money, ICO is in an early stage of the coin so it cant be predicted, so we always suggest them to do research so they dont become the victim of the developer, but not all ICO are scam

[Mrbates]

A lot of them get called a scam because they lack evidence to prove they're real, and there is a whole lot of coins in the past that collected money then disappeared with it.  Recently speaking, everyone is forcing the ICO creator to post a background check (Practically) and deciding from that point onwards.

[ppc.pt]

Still a mystery to me...

[ma_da_o]

On the other hand, bad news is good news isn't it? At least it brings attention.

[MostHigh]

Most people are not able to implement their ICOs and why will people not call it a scam. But i say you need to research well before putting your money somewhere.

[Inkdatar]

Maybe they have an experience that some Ico they joined lately was scam. But, people should not judge easily that its a scam, they must see the hard work and determination to succeed their project.

[Asimmo]

They call some coins scam in order to test developers` reactions.

[thejaytiesto]

Most ICOs are just BTC grab attempts, they want to get your bitcoins, that's all. They could file bankruptcy and run with the money.

Nonetheless, lots of ICO's give %1000+ profits, but it's a must that the ICO is not overbought, otherwise it will be harder to grow.

Look at the Bancor ICO, it's fucking huge, it's going to get 900 millions or something, so you are looking at a coin that needs to be top 10 in marketcap to get some growth...

[AleSergio]

It is a good way to run our business. You open a project, you are doing all advertising things, invest little of money in it. Make a lotof great promises, people are joining crowdsale campaign, they start to send you tons of bitcoins, than you just close your project, without reason and any signs and you run away with money Simple )) Thats why a lot of ICOs could be a scam

[Weatherby]

Still a mystery to me...

There is no mystery in it,if you are spending your hard earned money into any project you have the rights to know everything you need to know and the development team has to answer every question ,people have lost money to ICO scams and it is really difficult to loose your hard earned money to some scammers,so is the reason everyone sees most ICO as scams.

[FlamingFingers]

Well, look around you, you will find 90% of altcoins are scams, pump and dump, grabbing BTC for shit. A simple look at a shitty, low exchange such as YoBit will give you a hint why most ICOs are scams, or turn to be one in the future. If you took a glimpse at how many people trying to sell their shitcoins, you will find sell orders having hundreds, if not thousands, of Bitcoins worth of shitcoins.

[Pearls Before Swine]

Why do most people consider most ICOs or Altcoins as scams, even if they not. Inventors work very hard in implementing these coins, they don't deserve to be told that their hard is nothing or its not worth it. Even BTC was once less than a dollar, Look where it is now. So stop lets criticizing other or newly created projects, it's not worth it.

People on this forum have seen it all, and they've turned pretty cynical as regards altcoins.  And the fact is that there are too many.  The developers may work hard to produce their coins, but they just don't need to exist.  Think about how many are in existence and what they actually get used for.  Do you think it's to buy things?  Hell no, it isn't.  Those coins are just for gambling on the exchanges...that's it.  They serve no legitimate purpose, so that's why people on this forum tend to slam them, including myself.  I wouldn't exactly call them 'scams', but most are total garbage.

[Mrbates]

Why do most people consider most ICOs or Altcoins as scams, even if they not. Inventors work very hard in implementing these coins, they don't deserve to be told that their hard is nothing or its not worth it. Even BTC was once less than a dollar, Look where it is now. So stop lets criticizing other or newly created projects, it's not worth it.

People on this forum have seen it all, and they've turned pretty cynical as regards altcoins.  And the fact is that there are too many.  The developers may work hard to produce their coins, but they just don't need to exist.  Think about how many are in existence and what they actually get used for.  Do you think it's to buy things?  Hell no, it isn't.  Those coins are just for gambling on the exchanges...that's it.  They serve no legitimate purpose, so that's why people on this forum tend to slam them, including myself.  I wouldn't exactly call them 'scams', but most are total garbage.

Ay fuckn bunny coin is the next bitcoin.

[Spoetnik]

I was thinking about this before i came here today actually.

First thing that jumps out at me is how an ICO functions technically.
So.. allow me to rewind a little bit considering i see you have a new account here.
ICO's were never accepted here in the past.. a couple tried but they were flamed to death.
Why ?
Ideology + morality.

So what i thought *again is this..

The newer guys showing up here don't get it (like your topic proves)
Because that is just how it is now.
Enough people started making ICO's that it eventually became a standard practice.
It is *NOW* commonplace where as in the past it would be simply unheard of and taboo.

For example there is a reason Ripple and Ethereum gained no traction here for YEARS.
It's not simply because they did not get peoples attention.. it's because they were REJECTED !
Because of ideology and because of the functionality of the coin.

I have had to re-explain this pretty much every single day for many years now..
To every new batch of crypto profiteers who show up with less & less morality lowering the bar every step of the way.

The guys showing up simply don't care.. they want money and morality is an obstacle to be avoided.

Can any of you tell me that any ICO ever released improves on the initial distribution system / block-chain initial launch of Bitcoin ?
People.. the most important part of a digital currency *IS* the initial launch of it.
So you can't simply leap frog over the launch and focus the attention on the bullshit tacked onto it.

Further more..
Bering in mind what i just said..
You are here to support the adoption of a digital decentralized open source currency.
NOT....
Centralized ICO's on centralized Exchanges for profits.. that are essentially a scheme and not even a currency.

Get it now ?
Well don't worry i am sure i will be re-posting what i said 1,000's of more times over & over.  

ICO = SCAM.

[ApexEvo]

I think many times people simply don't understand that ICO tokens/coins aren't necessarily the next BTC, they are just a way to crowd fund some project and then have your tokens bought back by the company or whatever with the profits they make while having the token price grow at the same time. Like these guys who wanted to reopen some power plant in Russia and did an ICO for that, I can't remember who they were.

Also there's something inherently wrong according to most people here in a coin that has a large premine percentage. ICO coins are essentially 100% premine.