99% OF ALL ICO'S ARE SCAM

[mosprognoz]

Now let me try to explain very shortly why almost all ICO'a are scam. (THIS TOPIC IS NON ABOUT SCAM ACCUSATIONS AND I AM NOT SAYING THAT THE PROJECTS MENTIONED BELOW ARE 100% SCAMS)

1. Now days any dude using his moms savings can afford to launch a quite believable ICO (I already described that here https://bitcointalk.org/index.php?topic=4474753.msg40161113#msg40161113

2. People are trying to decentralize everything:

2.1 Online payments (There are dozens of projects and all of them failed) Why? Because there is no way to compete with such giants like PayPal, Skrill, Google Pay, and many others. Here is the nice example of such project called "Monetha" Decentralised reputation with built-in payments That dudes just hired Eric Duprat (Former CEO of PayPal) and thanks to that, collected 32 million dollars in 1 day. The price is 80% down compared to ICO price right now and the reaction to the final product from the customers is https://bitcointalk.org/index.php?topic=1978067.msg39512766#msg39512766 https://bitcointalk.org/index.php?topic=1978067.msg39512720#msg39512720 (Lead developer is a former stripper and a porn star) "That was discovered later"  

2.3 Crypto Banks

There are also many crypto bank projects. No government in the world will give a license to a bank which is related to cryptocurrencies. Visa and Mastercard already banned all operations with crypto.

Here is another example of a "Crypto Bank" Bankera the bank for the blockchain era. That dudes hired almost all European parliament members as advisors and collected $ 120 000 000. The final product is non working bank in VANUATU that is illegal in US, EU and China.  The price is 70 % down compared to ICO price right now

https://coinidol.com/bankera-announce-acquisition-of-pacific-private-bank-limited/

https://pacificprivatebank.com/

2.4 Crypto Taxi + Crypto Porn + Crypto Education ++++.... e.t.c. = Useless SCAM

2.5 Crypto Gambling

I think there is only one crypto gambling website that got licensed in Curacao and it's edgeless. But I'm sure that it will not last too long and that licence will be taken away from that dudes. ALL OTHER CRYPTO GAMBLING WEBSITES ARE ILLEGAL. There are dozens of reputable gambling websites like bet365, pinnacle sports, williamhill and many others that are officially licensed and got millions of customers.

2.6

Crypto Platforms

We got many of them, but generally only Ethereum is in use and mainly for Creation of token and crowdsale contracts for ICO's. (If you ask me Ethereum is a holly grail for scammers designed only to enrich scammer genius Vitalik Buterin.)

Some people will argue that ICO's are very profitable because you can buy something for $1 and sell for $10. Let me tell you that THE TIME OF SPECULATIONS IS GONE.

Sorry, I could add more things here but we will go too far with it. Feel free to add anything.

[mdayonliner]

Please excuse me if I am wrong. I do not see this has anything to do with the meta section. Would you mind to move it please? May be in Altcoin Discussion or in Beginners & Help board? Really not sure however you can do some study to find which board goes with this topic.


PS: I am certainly sure that you know how to move a topic but I will try here so that you do not need to ask a question about it.

Scroll down a bit then on the left hand side look for move topic link. Click it then follow the on screen instructions.

[mosprognoz]

Please excuse me if I am wrong. I do not see this has anything to do with the meta section. Would you mind to move it please? May be in Altcoin Discussion or in Beginners & Help board? Really not sure however you can do some study to find which board goes with this topic.


PS: I am certainly sure that you know how to move a topic but I will try here so that you do not need to ask a question about it.

Scroll down a bit then on the left hand side look for move topic link. Click it then follow the on screen instructions.

Thanks a lot for the suggestion of yours. Let us leave us to mods that subject.

[digaran]

@mdayonliner, stop shitposting on every thread with your useless suggestions and use the report to moderator instead of spamming your scammy signature, no offence.
@OP, I totally agree with you, they are all scamming projects and none of them deliver anything, they just want to collect the money and leave with that money to spend them on pussies. I like that part about a *dev who turned out to be a paid whore.
I'm also wearing the biggest scam ICO signature to embarrass theymos and SEC.

[mdayonliner]

@mdayonliner, stop shitposting on every thread with your useless suggestions and use the report to moderator....

@digaran: Stop giving me suggestions or advices. If my memory serves me right then I remember once I told you - I chose my advisers. You are millions of light-years away to be added on my advisers list. So please stop advising me, no offence.

....instead of spamming your scammy signature, no offence.

I AM offended! You think I care about posting for signature campaign? The signature I am wearing needs only 25 posts a week and last week I made over 200+ posts. You really think If I was counting for the sig then I would care making over 200+ posts?

75 characters minimum
Users not posting a min of 25 posts per week for 2 consecutive weeks will be removed
.
.
Posts in Games & Rounds, Off topic, Lending, Auctions, Politics & Society, Beginners and help, Archival, Investor based games, or Micro earnings will not count

[mosprognoz]

I like that part about a *dev who turned out to be a paid whore.

That paid whore in now spending investors money on drugs, lambos and hookers. (Merit is coming your way)

A total of 418 of 902 blockchain-backed crowdsales tracked by TokenData in 2017 have already been buried, and another 113 are currently on life support. Over 140 ICOs failed before they raised any money. But even worse, almost 280 failed after they raised funds. Some of them were pure scams, others saw their creators make away with the money raised, and still others faded quickly into obscurity because no one was interested.

https://safehaven.com/article/44996/The-ICO-Walk-of-Shame-50-Dead-On-Arrival

[Probinus]

@mdayonliner, stop shitposting on every thread with your useless suggestions and use the report to moderator instead of spamming your scammy signature, no offence.

The spelling should be "no offense", no offense.
Although i agree that this should be moved to either altcoin discussion or beginners and help. Well it doesn't concern the forum in any way so why here?

[LeGaulois]

Welcome one ICO world. Not only 99% are scams but I remember reading a statistic saying ICO last in average 1,5 years. It would be great if people stop to tie ICOs with cryptocurrencies because it damages the crypto world. They just use the "crypto" name to build their scam. Most have no real product, not something new

[Vod]

This does not belong in Meta - please move it.

[poptok1]

-- almost all ICO'a are scam. -snip-

You know that, I know that, bet most of this thread visitors know as well.
Question is how to effectively spread this "little tip" ? What else besides posting we could do, to increase the awareness?
It was once more than obvious, how all this works, what are the money grabbers and their modus-operandi.
This place was even hostile towards them for some time, now its all gone. Old-timers just gave up, cancer is spreading. 

[seumk]

Yes, most of the ICOs in the market are scams. You need to use white papers, team members, project implementation feasibility, code, and even community feedback to determine whether there is a scam. ICO is already struggling. More people are. At the address it

[Hirikama29]

I do not think so and in fact I guess they do not cheat on the ico project was successful as well as they contribute to help the little community ico scam but very small we should believe in ico program