Pamplelune
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Activity: 294
Merit: 11
WAWLLET - World’s first multi-asset wallet
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May 02, 2018, 10:26:25 PM |
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Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.
Do you trust them?
If we are talking about ERC20 technology - today it's the most popular representative of Blockchain 2.0 features. And concerning thousands of noname ERC20 tokens - it's up to you which coin or token to invest, which has nothing to do with particular blockchain technology. |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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OuterTech
Full Member
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Activity: 294
Merit: 100
Tokenize Fantasy Sports
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May 02, 2018, 10:29:35 PM |
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I trust in ERC20 token although there are a lot of scam ERC20 token  ). But these scam tokens are the products of scam project and it seem like never being listed on any exchange so I think I no need to worry about them cause I'm a trader and holder so I only trade and hold truthworthy token already listed on truthworthy exchange ). |
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CapnBDL
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May 02, 2018, 10:30:09 PM |
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You should be trustin erc20 if you are holding ethereum,because if you dont you shouldnt be holding ethereum in your portfolio.I wont be going to trust these scam projects,but it doesnt mean that we shouldnt be closing our hands to these tokens because few of these tokens are useful to our community,a lot of erc20 tokens are indeed created to scam people but not all of them.
Fraudulent projects are a lot, but this is not an indicator of the platform and its performance. You should trust the platform Ethereum and tokens ERC-20. Since this platform creates a massive number of projects that will be applicable in the real sector and will be in demand. Over time, I think many projects will be removed from the blockchain, and only significant tokens will remain! |
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Beazerdred
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Activity: 242
Merit: 10
CRYPTASSIST.io
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May 02, 2018, 10:33:15 PM |
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I think you can trust only bitcoin. The rest of all coins no longer deserve your trust.Therefore, most of the money I keep in bitcoin
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Encelad
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May 02, 2018, 10:34:55 PM |
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With the help of cash, thousands of crimes are committed every day, this does not mean that the reason for this money and money should be canceled. So with the ERC20 standard, it was created for general use. And not for scammers. But scammers are looking for different ways to deceive people. In the cryptosphere, there is little real experience. Scammers try to use this.
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joletartare
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Activity: 672
Merit: 22
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May 02, 2018, 10:36:34 PM |
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As it's very easy to create a ERC20 token (you can find tutorials in few seconds), many scammers use them in their "projects".
With big promises to bounty hunters, they can create hype and earn big money in fake ICOs, and then send useless tokens without real project.
Maybe we can check ICO rating sites to avoid scams...but even them can be cheated.
Savedroid gave a big lesson to lots of people with their fake-scam buzz. (or is it real-scam???)
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Elysio
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May 02, 2018, 10:38:36 PM |
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I am trust ethereum, ethereum vey good coin with erc20 tokens. I actually trust Vitalik. He is very smart
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shone08
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May 02, 2018, 10:43:49 PM |
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As it's very easy to create a ERC20 token (you can find tutorials in few seconds), many scammers use them in their "projects".
With big promises to bounty hunters, they can create hype and earn big money in fake ICOs, and then send useless tokens without real project.
Maybe we can check ICO rating sites to avoid scams...but even them can be cheated.
Savedroid gave a big lesson to lots of people with their fake-scam buzz. (or is it real-scam???)
This is really true most ico project (ethereum based) are 90% scam because right now creating your own token are make easy but still theres a few erc20 token that boom in the market and list in some big exchange site all you need is to do research carefully before entering in that project. |
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Bttzed03
Legendary
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Activity: 2114
Merit: 1149
https://bitcoincleanup.com/
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May 02, 2018, 10:47:05 PM |
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Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.
Do you trust them?
Scammers will always scam whichever platform they may use so do not single out erc20 tokens. Every project (legit or scam) is expected to market their own product to create "hype" if you may call it in order to be noticed. |
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crypto_117 (OP)
Jr. Member
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Activity: 56
Merit: 1
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May 03, 2018, 12:56:16 PM |
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Anyone here thinks Oyster is scam?
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etin06
Member
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Activity: 285
Merit: 11
quarkchain.io
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May 03, 2018, 01:35:38 PM |
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ERC20 tokens are built on ethereum network and that makes it good and easy to use. Since ethereum is a trusted coin it there means that erc20 token are trusted.
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winspiral
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Activity: 1778
Merit: 1026
Free WSPU2 Token or real dollars
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May 03, 2018, 02:12:52 PM |
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ERC20 tokens are built on ethereum network and that makes it good and easy to use. Since ethereum is a trusted coin it there means that erc20 token are trusted.
You are right. The problem is not the ERC20 token,it is the ERC20 creator. And if the creator is honest,it does not mean that the project is successful. |
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berezov_petro
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Activity: 140
Merit: 10
OPEN GAMING PLATFORM
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May 03, 2018, 04:23:31 PM |
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Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.
Do you trust them?
So now there are a lot of tokens that go out on the ERC20 platform and then turn out to be a lohotron. But I think if you carefully choose a project for investment then you will not fall into a fraudulent project. In addition to bad tokens on this platform, there are also a lot of good tokens that are very useful to people. |
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AbyssLagiaz
Jr. Member
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Activity: 185
Merit: 3
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May 03, 2018, 04:26:00 PM |
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Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.
Do you trust them?
It isn't at the type of coin you will refer its legitimacy. ERC-20 or ERC-223, it doesn't matter if you know the project you're currently investing at. Credits has some fair reviews on it, I think it would be reasonable to drop a coin into it quite some time. |
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hdtqisg
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May 03, 2018, 04:30:50 PM |
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I do not trust, but new projects give me the opportunity to invest! ERC20 is a good opportunity to ICO, I can invest more safely!
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Distraction
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May 03, 2018, 04:34:54 PM |
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There are too much erc20 tokens. Some token is trusly some token is scam. İ trust some erc20 tokens. For example ins bnb omg.
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BruceJu
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Activity: 378
Merit: 10
Fast, Smart, Trustworthy
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May 03, 2018, 04:37:53 PM |
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No way, I can only believe it, because 80% of my altcoins are ERC20 tokens, and the tokens on the exchange are almost all ERC20 tokens,you always inevitably buy and trade them. Although ERC20 tokens have too many scams.
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Bananiheller
Newbie
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Activity: 168
Merit: 0
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May 03, 2018, 04:43:16 PM |
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Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.
Do you trust them?
Friend, you need to be very attentive to the choice of ICO for investment. Among them there are very good and promising ICO projects. To learn how to analyze the ICO, I recommend reading on the forum good topics about it. People write a lot of useful things. Here is a good checklist. it: I use: https://bitcointalk.org/index.php?topic=2822896.msg28918101#msg28918101 |
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vindesel
Newbie
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Activity: 238
Merit: 0
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May 03, 2018, 04:51:31 PM |
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In this case you should be more careful for investing in ICO, Many ERC20 tokens are valuable and there are only a few that are scam. I think ERC20 is the best with smart contract.
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al.nechiporuk
Jr. Member
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Activity: 336
Merit: 1
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May 03, 2018, 04:53:01 PM |
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I do not think that it depends on the ERC20 tokens. First of all, it depends on the development team and the idea that they are developing.
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