Why are there so many assholes in ICO industry?

[Bonanzabits]

Money. To be more precise, it is a sense of loss of profit, formed through the belief that crypto-currencies are the same as the Internet in the years of its formation. Marketing is certainly successful, and the vast majority of consumer hamsters are being carried on, we'll see if this is in the end.

[anggriani]

frankly do not blame ico him, but its the person or assholless developer. that's why we do not too greedy and want to get rich quick with bonus offer given an ico. always do research and discussion before investing in ico. do not be lazy to do it, because the results are just for you.

[BlockEye]

Money. To be more precise, it is a sense of loss of profit, formed through the belief that crypto-currencies are the same as the Internet in the years of its formation. Marketing is certainly successful, and the vast majority of consumer hamsters are being carried on, we'll see if this is in the end.

Besides that, You will notice that the amount ponzi investment site are already gone. Those scammers are already​ on ICO business since creating an ERC20 is very easy and affordable. The only thing that they will do is to hire some guy that can create a ERC20 smart contract token then build a good looking website then Hola! You have an ICO project.

[r0nin87]

My picture of all this - reading the forum, I realized that countries such as Russia and India are the most moshhonic, and most of all you need to beware of the ICO projects of these countries

[Pasadoble]

They try to get free money, and because of such people good projects are also damaged.

[Baoo]

In my opinion, it is unfortunate that there are many scams ICO's in the whole internet and the deception has become widespread in this period,  So everyone should be careful before choosing the ICO. Furthermore , I see that there  many people have been easily fooled because of their misbehavior and hastiness, that's why the scammers always make a fake ICO's because at that point  they can make a lot of money in an easy way.

Furthermore, the widespread issue with most of  people is the greed and they always want easy money through Airdrops and other things, so this can be the weak point of many of them. For me, I do not like ICO's because there are many bad projects in terms of ideas except few of them.

[mammoniter]

Everyone wants to earn free money. So is assholes. Its our responsibility to not get hijacked by them and lose money. When selecting ICO put very good time to search all the facts about it

People's need may sometimes turn to greed that eventually changes people and disregard their morality. ICO industry attracts different kinds of people which majority of these people's goal is to earn money for themselves so I think it is expected that we encounter these people.

[Considered]

Because there are so many noobs investing in the ICO industry, just as simple as that. They go where ever they find newbies. Currently most of the people investing in the ICO industry are new people who don't have any idea of how to do their research or do their due diligence. They just invest based on any coin they see being hyped on forums.

[steveabrahams]

I kinda agree with him and also it's all about money, you know you can earn a huge amount of money on ICO if you have a good project and these scammers and assholes out there makes ICO names become bad. ICO nowdays is appear like every damn day, a new one comes everyday. ICO industry is really big.

[saganpav]

Read full article:

https://medium.com/@filip.poutintsev/why-are-there-so-many-assholes-in-ico-industry-726260e3f272

Why is your though on this topic?

In any industry where big money is spinning, there are assholes. There will always be people who want to earn some money from you in dishonest ways. I think we need to be very careful not to have to deal with such people!

[alg0monkey]

Read full article:

https://medium.com/@filip.poutintsev/why-are-there-so-many-assholes-in-ico-industry-726260e3f272

Why is your though on this topic?

In any industry where big money is spinning, there are assholes. There will always be people who want to earn some money from you in dishonest ways. I think we need to be very careful not to have to deal with such people!

very true but sad for the honest ones. however idiots that stupidly invest and whine afterwards cause they got scammed and didnt do shit to research a project using the thing between their ears deserve it imo. #dyor is not just a hashtag...

[kryptqnick]

One word answer: Money! 
Well said, there are assholes and therefore whatever they do (e.g. ICOs) is a scam. Unfortunately they are trashing and holding people back from exploring this new technology and the power crypto could bring to most societies.

I think it's not just about money. Cryptocurrencies were released before the ico era and the teams probably wanted to earn from it, but it wasn't scamming. ICOs are just rather easy to create and plus there are no standards they have to fulfil, no rules to obey and nobody to check things. It is rather easy to gather money this way, sp perhaps with some regulations we could be able to see more decent projects.

[Anne8]

One word answer: Money! 
Well said, there are assholes and therefore whatever they do (e.g. ICOs) is a scam. Unfortunately they are trashing and holding people back from exploring this new technology and the power crypto could bring to most societies. As anything else that has happened, through mistakes mankind will learn. The rough way. 
Also a lot of anxiety is revealed by those who trash it on social media channels. It takes a lot of uncertainty in your life to talk non sense about something you don’t own or know about. 
Thank you for your thoughts. Much appreciated.

Money is the most factor of why this is happening here in cryptocurrency.
Because in cryptocurrency everything can be happen whether get much money or loss money.
With the trick so many bad person try to scam people around to get money

[KeijiN]

It is becouse I think, a great opportunity to decieve people and get a free and fast money from it. So many gets into that.

[Nwankwobtt]

Firstly, cryptocurrency is a multi billion industry with potentials to make one rich over night. And secondly, because the industry is not regulated that's why there are many urchins and scammers into it

[Nahl]

apparently assholes words is being an favourite words for the writer because almost on every paragraph he has use it to described why plenty of ICO project are turn out to scam project however because for almost on every ICO projects were a lot of money involved then of people will be tempting to build ICO project so the main reason is money not less than that

[richman3451]

because all around the deception, you do your work in good faith in the hope of reward and then someone decides on you just to cash in steal your time and money from you

[zimmah]

ICO market is oversupplied. There are too much easy money, and where money are, except of professionals fraudsters come. Such phenomenon exists in any sphere: startups, stock market, real estate market etc. So don't worry, there is nothing new

[sourish]

Sheer waste of time!

[poutintsev]

Money.

Not sure if the money is the only reason. There is money involved in all business industries, but in most of them people behave politely, but in ICO industry they just let it all out.

However I have written new article where I touch this subject again and present some explanation where this assholeness comes from.

Please have a look and give me your thoughs:

https://medium.com/@filip.poutintsev/how-to-become-an-ico-advisor-dad600062ee8