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Author Topic: ◕‿◕✿ Scam or Failed? The Difference ◕‿◕✿  (Read 14 times)
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February 02, 2018, 12:27:59 AM

Scam or Failed? There must be a "Difference"
Not everyone is good, Nor everyone is bad. We consider every altcoin or trading platform a scam when there are some bugs but indeed Not everyone is good and nor everyone is bad. We cannot call all the altcoins are platforms are scam because we should consider the difference between scam and fail.

Today there was a discussion on discord regarding scam or failed. There were also some developers those created altcoins or Cryptocurrency platforms but failed because of some reasons.

Here are some reasons I have chosen to describe:

A developer said that everything was good but he faced a hacking attempt and found that more than half of the coins on the platform has stolen, He was worried too much as running a platform is not an easy task, It does not matter that you raised hundred or thousands of dollars during an ICO because you have to pay more to your team (of developers) each month or every week. You have to pay more for maintenance and security. You also need to keep the funds for reserved, Because anytime anything is possible and you've to rebuild the platform or coin or hire more developers to fix that bug. Sometime there are problems you cannot have control over them just like you add funds to your paypal or you receive large amount of money then it could be limited and your host only accept that form of payment then it is really a problem where you cannot have control over it and at the same time we call that the US government is too bad, he has such regulations just like money laundering etc etc which caused such problem. But we don't consider and do not think a single word regarding these regulations or benefits that why these regulations are applied. We know that in the US there is a majority of Billionaire those can have control over the market, just consider that there are no such regulations and only one Billionaire spend a few Billion dollars to purchase only Bitcoin then he pumps it to double, tripple or even 10x then later whenever that pump has ended then there will be alot of investors those will be affected by major loss which could be Billion of dollars so we should welcome such regulations to protect the investors from major losses. Therefor if the developer is a good one then we cannot call his invention a scam, We can consider it fail but not a "scam"

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