between whitepapper and reality

[bolshojkush]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

The advantage of cryptocurrencies in the absence of legal regulation by anyone. If you introduce legal regulation, you will pay taxes and you will be controlled in every way. The whole meaning of cryptocurrency decentralization will be lost. Just learn to distinguish good projects from SCAMS.

[acmakc12]

Whitepaper is not a really expensive thing, everyone can buy this for 100-200$ with good quality, in my opinion that is wrong way, how u can discover ico scam or not.

[jimmyd178]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

The growing number of scam projects has made it even difficult to differentiate real ICOs from scam. This is a growing problem for the crypto community and also damaging to this unique fund raising model. Crpto-community should come up with a way to mitigate this, Personally I see Mfchain as one ico that will stand the test of time and present value to it investors. Every good investor should do their home work before investing.

[Red-Apple]

i have been warning about this for a long time now. some people think looking at the project, its whitepaper, the website, even seeing the pictures of developers automatically means the project is legit! but the fact is all of those things are publicity stuns. some projects actually pay others to write their paper for them! it is like a job now "white-paper-writer"...
and in the end it is all done to take that money from you in the name of ICO and give you some useless tokens in return which continue to decline as everyone dumps them.

[Ulya63]

In many countries there are no such laws to protect cryptoinvestors. Maybe in Usa sec it is trying to regulate the ico market, but many simply go to other jurisdictions, for example, to Malta. No one gives a full guarantee of security of funds if entered into the ico project. But you can somehow reduce the risks of using companies with escrow. For example, the daox protocol where investors decide themselves what to pay for the project team for further development.

[kenman]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

i think it's up to us and investors to check carefully everything about the project, the team or a coin. after all we are responsible for our money. and it's our problem if we can't spend some time for investigation

[Cryptodiscuss]

You can always rely on team that already delivered their promises in some other projects. There are a lot of experts in different project out there. Creator of EOS was blockchain engineer for STEEM so it was obvious success.

[Emilyp]

The whole point of cryptocurrency being Decentralised has made it difficult or almost impossible to cramp down on scammers since most of them hide under anonymity or use fake identity. Moreover in most jurisdiction there is no laid down rule govering ICOs so basically you can prosecute them.

[crimsongoth]

I had the opportunity to review many ICO projects. All projects have many promises on their whitepapers. And most of them don't make real these sayings in any way. Therefore, I don't even follow projects that don't present a real product or service.

[aioc]

There is really no guarantee what you are going into I have seen so many ICO with good rating but failed to deliver the goods not even a good whitepaper can guaranty success, it's easy to create a good whitepaper today because there are services that can do that for you, creating an ICO has become so easy than three years ago.

[Denreal]

First, i would say that our destinies are in our hands. The onus is on us to always research every project we intend investing in.
Do not invest because a project is promising your some bonuses o anything attractive.

[BitcoinHunt3r]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

Confused too sometime  whitepaper is too good to realize, even with roadmap i never see good thing with the token itself when already in market. But as long we already know it, maybe now we can learn from that thing to pick which is good ico that we can invest.

[Master of Shitcoins]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.

Yes, it is true. Check every ICO carefully, most important is to check team! Team is producing ideas and needs knowledge, so if no knowledge you can be sure it will be no good project or a scam if team is fake. Double check at linkedin and for google pictures. Some are using fake pictures from google.

they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

Yes, if every team member stays anonymous you'll never find anyone and nobody can make a prison judgement. It's always important to check team.

If you can caught frausters it can end in jail.

[dunfida]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

Anonymity and no strong legal or laws that do protects investors is the main reason why these scams do pop out everynow and then. They can take millions without being traced
specially on anonymous owners/team.This is why its always been important to check things first before putting funds. Whitepaper isn't a sureball thing for you to rely on even no matter how good
it is, tendency of success and failures will always vary on how the team develops it.

[BALIK]

Anybody who thinks a whitepaper is even close to what the final product will be is delusional. I think Bitcoin and Ethereum are probably the only whitepapers that actually truly reflect the product. Most whitepapers just embellish the details and add a crapload of hyperbole in there just to grab as much investment as they can.

I am pretty sure that if you compare the predictions made in a whitepaper, with the actual products of all the most recent ICOs, you will find that at least 98% of them are outright fabrications and not even close to what is feasible.

[TobiasVR]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

in this forum there is no official legal umbrella that can protect investors from failure or fraud ico, I see a lot of investors feel disappointed when investing in ico but do not get profit, this can be used as learning if whitepapper can not be used as the main reason for choosing ico that, many things are more important to be used as one of the benchmarks for choosing ico.

[shinchan123]

I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.

As you know the government has no complete control of cryptocurrency. That is why most people try to scam other people with fake ICO. It's really not that difficult to make one, some scam ICOs just copy other legitimate projects' whitepaper. It is sometimes investors fault that they easily get attracted on ICOs just because it promises good returns.

[Sanchos]

Investors in cryptoworld can not be protected due meaning of word "crypto". Today in whitepaper team can write what ever they wish. We must analyse all information conserning project

[linkybit]

Before wasting any time on the project always check the team first and verify information on team members if possible and then take other research steps.

[The Cryptovator]

Your subject isn't appropriate with your main post. However, reality is totally different from whitepaper. Most of ICO are just copy pasting or plagiarizing from others lately. And almost ICO are same concept. So there is no chance they will follow whitepapers. I have caught lots of ICO with fake team and plagiarized whitepaper. That's the reason people's are discourage to invest on ICO. It will never end. Every day coming new scammers. Solution is just avoid buy token during ICO. You will able to buy more cheap from exchange if they list. If you would like to invest than you have investigate deeply. Not just see website and decide to invest. But better option is avoid ICO.