Why Always Trust Project Whitepaper?

[BitcoinFotw]

I don't think that whitepaper does it for me, at least not anymore. While it might be a good way to gain insight on a project and see what is about, and also help in determining whether or not it is a good project, it doesn't just feel like it for me anymore. Maybe because I have come to realize that not all convincing whitepapers eventually succeed. We see that even scam projects have better whitepapers these days. It takes more for me to trust a project than just its whitepaper.

[AbelFF]

I think the whitepaper can be really well done and convince a lot of people of it's credibility but it still doesn't make the project legit, there is still background of the members of the project to be looked for.

[lornadane]

In fact, the white paper will kill a project. Because if dev can not achieve the goals set out in the white paper, the project will be underestimated and the community will not trust that project. White paper is a double-edged sword, It can attract the community can also kill the project as I say

[mrkimvanan1]

It is important to know that for any project hoping to convince investors into putting their money into the project, they are going to be focused on making the project as appealing as possible which means that the project's whitepaper will surely be good so I believe you should look beyond the projects whitepaper to decide if a project is legit or not.
Always make through research of a project's team, road map and token metrics to decide which projects to invest in

whitepaper is a necessary condition of a project, from which we can know and learn the goal of the project. A good project will certainly have whiteper clear. But the whitepaper is only the necessary condition but not sufficient

[saint647]

Whitepaper is one of the beat ways to learn about a project's information and their product when it will be released and many more. But investment decisions should be based on a lot of other important information gathered through research.

[bizzargin]

If the idea of the project is quite feasible, then I trust. However, I always pay attention to similar products from competitors.

[biznes35]

The white paper reflects only the ideas and intentions of the project. At the stage of the ICO, the only thing that can give us an understanding of what the project is, is its white paper and road map. You can also rely on the experience of the creators of the project and their credibility and reputation, but this is not always the best indicator.

[bitcoinpeople3]

Personally, I do not always trust project whitepaper. In my few years of being on these streets, I have learnt that a good whitepaper doesn't exactly mean a project would be successful. Worse now is that many of the scam projects that we have on the streets have really convincing whitepapers. Sometimes even more convincing than the genuine ones. So I have learnt the hard way that a good whitepaper isn't a guarantee that the project will be successful.

[klebsiella]

It is important to read the whitepaper because it explains what the fundraising is all about. Other purpose is to create trust and legitimacy in the minds of the people who are going to buy the tokens. But, I don't think we should always trust the whitepaper. It is possible that a scam company can hire a professional to do the whitepaper and produce an excellent proposal.

[miramax-10]

Because it outlines all the information on the project. With a correct and thorough analysis, you can understand whether this project is promising or not.

[Cyptobonds1]

I think it because it brings more light to what the project is all about and what they have for the community

[Casey7]

Whitepapers are to lure investors. Don't get me wrong, but many whitepapers are just full of bullshit and have very little value/ juice = technical descriptions, detailed info on devs plans.
This trend started few years ago, when people started saying that no whitepaper = scam.
Today I would say it may be exactly opposite.
Recently I was looking on Steem (Steemit.com) history and they started with no wallpaper of all, hell, they haven't even post description of their project.

That is the problem mate. Whitepaper is important but how if the whitepaper was made with no good value? Its useless.
So after this, whitepaper is not so important anymore but working product and good team is the most important one so always check those thing.