Why do most people consider most ICOs or Altcoins as scams

[Spoetnik]

I hear ICO supporters say that *some* are legit.
And that is like saying some Pyramid schemes are legit.
Why ?
Because you can make money off them ?

WRONG PROFITEER INVESTARDS.

What makes a scam, a scam.. is not how much you get off it.. BUT HOW IT FUCKING WORKS !

You are not crowd funding fuck all either.. that is a facade.
I know this because none of you care nor lift a finger to support the intended goal of any given ICO.
I don't see all of crypto railing on 24/7 flooding this board with talk about how the no. 2 coin in Crypto changed the game and how everyone is all jazzed and excited about "DAPPS"

nope.. all i hear is they are making teh ROI's off teh profitz coinz on teh exchangerz.
There is no other talk here so you can't possibly even try and deny what i pointed out.
..which makes this a hollow shell of a charade.

A fake ass bullshit never ending stream of little ICO tokens used for nothing at all but trading on Poloniex for profits.
With 1 guaranteed outcome and that is not adoption.
It will dumping by all whales and little profiteer fishes.
How do i know ?
Because you all say it NON STOP and then defend this piss poor attitude / mentality.
Chanting Free Market and Greed is good.

You, dumb fucks created a fake ass little scene where you PRETEND to care about decentralized open source digital currencies while you never lift a finger to do anything about it and count your cash.. while at the same time support retarded scammy garbage like Ethereum that is not even a fucking currency then support shit like RIPPLE that is the literal antithesis of crypto ...for ROI's.

You all know better but you play dumb.
All of planet earth sees through your stupid charade too.
The only people here are Ponzi / Pyramid scheme participants.
There is virtually no digital currency supporters and adopters here in the 1 million accounts created and on the 10,000+ ANN topics.

Care to explain to me how the fuck you launch a "coin"
..that requires you to have another coin to get it ?
Then explain to me how you expect your "coin" to replace the one you need to buy to get the new one.
Get it ?

You people are really are THAT fucking dumb.

Or as i have said endlessly or playing dumb / being deceitful (for ROI's)
Or.. a combo of both.

THAT is crypto my little Investard friends.
And let me know how it works out for you.

Pro Tip:
Stupid people lose in life.

You reap what you sow.

[jlspartz]

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.

You must have missed the real scam coin days, when one person would copy a coin, change the name, post for help on how to change a few basic parameters in the code, and release it that same day.  Or have undisclosed premines, that they would dump the day after they got the coin added to an exchange.  This is how the phrase started.  Then they came up with an excuse for premining (100% POS with no other way of distribution) and then exclusivity (ICOs), and even scam exclusivity (undisclosed Pre-ICOs).

[nicolas1979]

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.

Become scam is the risk all altcoin, as a trader, we must face it. Just like lose, high fee and hacker is also our risk. Before buy some altcoin prepare a good plan, meaning there's risk calculating. Besides that, I agree with no more critic / complain with another people who create a new altcoin. Give them chance to build their project and grow up their system. Just like that and good luck.

[X-ray]

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 there is no platform that can develop real product for the public users. i mean about the useful product. and most of them just innovation and never get released to be real. I think that's the main reason.

[tokeweed]

I for one don't mind ICO's as a funding model.  It is what it is, and if developers put it to good use, then why not?

The problem I have with it is that most devs behind these new projects make outlandish, unicornish (yes that's my word) claims to market their ICO.  Do they have a working beta or a testnet?  No all they have is a white paper.  How can we know if what they promise will happen, and what do we do if it doesn't get there?

Yes Ethereum ICO's, you know the platform doesn't scale, yet you basically scammed these people into thinking 'x' will happen.

[Pamadar]

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 there is no platform that can develop real product for the public users. i mean about the useful product. and most of them just innovation and never get released to be real. I think that's the main reason.

yeah most of them is just upgrades and just duplicating project which already been introduce they just improve some features that's a big reason why it can be a scam project since there's no exact point why investors needs to buy it or invest with it if the original one can upgrade as well and the project will continue smoothly.

[realistic1]

I hear ICO supporters say that *some* are legit.
And that is like saying some Pyramid schemes are legit.
Why ?
Because you can make money off them ?

WRONG PROFITEER INVESTARDS.

What makes a scam, a scam.. is not how much you get off it.. BUT HOW IT FUCKING WORKS !

You are not crowd funding fuck all either.. that is a facade.
I know this because none of you care nor lift a finger to support the intended goal of any given ICO.
I don't see all of crypto railing on 24/7 flooding this board with talk about how the no. 2 coin in Crypto changed the game and how everyone is all jazzed and excited about "DAPPS"

nope.. all i hear is they are making teh ROI's off teh profitz coinz on teh exchangerz.
There is no other talk here so you can't possibly even try and deny what i pointed out.
..which makes this a hollow shell of a charade.

A fake ass bullshit never ending stream of little ICO tokens used for nothing at all but trading on Poloniex for profits.
With 1 guaranteed outcome and that is not adoption.
It will dumping by all whales and little profiteer fishes.
How do i know ?
Because you all say it NON STOP and then defend this piss poor attitude / mentality.
Chanting Free Market and Greed is good.

You, dumb fucks created a fake ass little scene where you PRETEND to care about decentralized open source digital currencies while you never lift a finger to do anything about it and count your cash.. while at the same time support retarded scammy garbage like Ethereum that is not even a fucking currency then support shit like RIPPLE that is the literal antithesis of crypto ...for ROI's.

You all know better but you play dumb.
All of planet earth sees through your stupid charade too.
The only people here are Ponzi / Pyramid scheme participants.
There is virtually no digital currency supporters and adopters here in the 1 million accounts created and on the 10,000+ ANN topics.

Care to explain to me how the fuck you launch a "coin"
..that requires you to have another coin to get it ?
Then explain to me how you expect your "coin" to replace the one you need to buy the new one.
Get it ?

You people are really are THAT fucking dumb.

Or as i have said endlessly or playing dumb / being deceitful (for ROI's)
Or.. a combo of both.

THAT is crypto my little Investard friends.
And let me know how it works out for you.

Pro Tip:
Stupid people lose in life.

You reap what you sow.

Your energy would be better spent elsewhere. Of course there are scams and its all about working out which are scams and which are producing useful technology. I could easily go down path you are of self righteously attacking anything that you sense is immoral and there is some merit to that but in the end you become the only real casualty of doing so. No one cares about you, so you better start caring about yourself and give this direction up...I did and I feel a lot more peace in life.

Self righteousness is the shortcut to becoming worse than the thing you despise. imo. Have a laugh at scammers or fools that get tricked. This is the wild west of future currency investments potentially, it doesn't need an old west style Preacher.

[truongdhnh]

I for one don't mind ICO's as a funding model.  It is what it is, and if developers put it to good use, then why not?

The problem I have with it is that most devs behind these new projects make outlandish, unicornish (yes that's my word) claims to market their ICO.  Do they have a working beta or a testnet?  No all they have is a white paper.  How can we know if what they promise will happen, and what do we do if it doesn't get there?

Yes Ethereum ICO's, you know the platform doesn't scale, yet you basically scammed these people into thinking 'x' will happen.

All you see in an ICO is a sleek and smart website with a whitepaper.
ETH was a ICO and many ICOs spawned from ETH using its tokens.

[Rembrandt]

Almost every project that want to raise money with ICO can be made in few weeks. But they don't want to make product and then sell it, they want to make money and then something else. I really like the idea of ICO and I do not see anything wrong with the fact that the project has collected much more than necessary, but it should be a working startup and not a list of text.

[Spoetnik]

I was not being "Self righteousness"
I was talking all along about the tech behind an ICO.
I specifically pointed out yet again how the initial distribution is scammy.

To me it is about the code and nothing else.. every other aspect to it is a secondary matter.
The fact you guys are not smart enough to grasp that screams stupidity to me.

All i hear is scammers crying FUD because i threatened their ROI's income.
You are not offering an intelligent rebuttal to my technical assertions.

At no point did i claim ICO's are scammy because they hurt my feelings.
Noooope.. on the contrary i typed out in bold text it's because of HOW THEY FUNCTION BY DESIGN.

I keep pointing your horse heads at the water and all you babies do is pull away mumbling about ROI's and FUD.

And i can safely speak for planet earth here profiteers & investards..
Earth gove 0 fucks about your ICO's.
Bitcoin impressed the shit out of people.
ICO's do not.

Earth adopted Bitcoin.
Earth is not going to buy your ICO bags.

An ICO is a scammy downgrade from Bitcoin.
ALL ICO's !
The distribution model is scammy and will never be better than a mined launched coin such as BTC.
The code to an ICO and how it works is a down grade from Bitcoin etc.

I fucking dare any of you to say the ICO was an improvement over BTC's initial distribution model.
Seriously do it little greedy shitheads.
Because if you can prove that case then yeah you can then convince earth to come running here to buy your fucking gay ass shitty scammy ICO bags.

..otherwise they ain't comin' investards so wake the fuck up already.

"Self righteousness"
I think not NOOB ACCOUNT.
It's about greedy pieces of shit writing SCAM CODE.. then compiling it and sending it to POLO for ROI's.

[vaccin]

Because they are only fancy words. Ideas.
Nothing has yet been achieved. People are buying like crazy thinking one of the tens or hundreds will hit the jackpot. Or that they will be faster at dumping than the next one, when the whales start dumping.
They are yet to deliver, but it's not that bad to invest a couple of eth, just in case.

[xapwxrm5742]

the coin of the county are support by the military of the county
what's the Altcoin support by?
it's only an investment activity.

[niisarearning]

Recently i have participated in one signature campaign called betope.io then i started observing official thread and ICO website . Daya by day one by one scam accusation comes in thread finally iICO never happened . My one week effort gone for nothing

[Deprecate]

Initial Coin Offering (ICO) or better said - Initial Scam Offering (ISO) can make you very rich but is by definition very likely to be a scam because the developers can just dump the majority of the coins and walk away with millions.

[xapwxrm5742]

if they earn some money from the market
maybe they will believed that is a stable investment

[USBitcoinServices.Com]

Because they don't have plenty of information, and the immediate reaction is that.

I support the SONM project these days, via social media and event though I am not part of the team directly. I support the SONM project because after reading the information they have available today, it sounds reliable, who know surprises happens sometimes! But so far the SONM project seems to be working hard to bring the new features alive.

Visit the SONM project here:
https://bitcointalk.org/index.php?topic=1881191.0

[ven_bug_trap]

Most people believe ICOs are scams because the vast majority of ICOs are scams. Not only are they usually a bunch of people with no apparent experience in the crypto sphere asking for money to be thrown at them, but most of the ideas behind the projects are either utterly pointless or hopelessly unrealistic. I'd love to see proof that a reasonable percentage of ICOs are legit, but I doubt I'll get it.

[Gotottack]

Most people believe ICOs are scams because the vast majority of ICOs are scams. Not only are they usually a bunch of people with no apparent experience in the crypto sphere asking for money to be thrown at them, but most of the ideas behind the projects are either utterly pointless or hopelessly unrealistic. I'd love to see proof that a reasonable percentage of ICOs are legit, but I doubt I'll get it.

Too true. Most ICOs just turns into scams. Basically, there are a few signs it will be a scam like when the coin does not even offer something new. Basically those clone coins are just scams out right. Then you have to check the developers if they are doing anything or making anymore progress, though sometimes they quit at the end or after the ico ends. All of these signs though are not always present. Sometimes it was just planned to be a scam and no one caught wind of it.

[Cbx.Bet]

Ico can be a good plan, if you are very very very selective

[ethereumhunter]

Ico can be a good plan, if you are very very very selective

i am agree and not all ICO is ended with bad coins in the market. as long as we can select a good ICO with a good solid dev and the teams, then we don't have to be worried that in the end, the ICO will be scamming the investor and run away with their money. i think there are many ICO that have got success and the coins have a good place in the market and this is why we need to read all about the project of the ICO before we make investment with them.