between whitepapper and reality

[leavolnhals]

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 this is a market of belief. So the risk is very high in investing in ICO projects. It is very difficult to find a great project. The best way to get a good project is to attend the ICO meeting. Good projects usually have face-to-face meetings and that makes it possible for investors to ask questions directly and to create great confidence for many investors.

[vina.lugtu]

The topic is misleading to its content. I will answer based on what I have read on your post.
As I research on scam ICO's, I was able to determine that no one got caught and the law does not apply to those scammers. Maybe there are people who got caught but not reported, I am not sure but if there are only few people are paying for what they have done, more and more acammers will just keep on creating scam ICO's.

[CodyAlfaridzi]

and I want to see your opinions and solutions about this.

The solution is easy: stop giving money to these crappy ICOs. This way they will die off eventually. By this September, ICOs funding has reached a new low and that's great. I believe ICO will not be popular anymore in a year or two.

[Sri rahayu]

For investors who only pay attention to the whitepaper, it is possible to be fooled, that is why it is recommended to research further until the development of the project, most fooled investors only see so many bonuses given without thinking using common sense. Crypto is a choice between trust or disbelief.

[passwordnow]

Crypto's are decentralized so that's why there's no legality that's under it unless the country that the project will be operating requires it.

Your title looks far from what you want to say but in ICO world, you really can't tell in the earliest what's legit and fake. But most of them are scam and fake.

[NH]

not all ico cheat investor or bounty participant. but many of them cheat us.
how clever we are to choice which ico have good potential and have good future. and whitepaper can be your line but it can be very useful to help you which one is real or scam. just try your luck with your brain

[identifyuser]

Are you a journalist? Very provocative title of the topic. White paper and reality, in many companies, do not touch.

[disconnectme]

By now people should understand that Whitepaper is a marketing tool, can anyone compare the whitepaper of Bitcoin to any of the recent ICOs, Whitepaper should be more of technical details unlike what we are seeing now that all its talks about is about marketing pitch. People need to wise up or these people will continue to scam you

[spiker777]

By now people should understand that Whitepaper is a marketing tool, can anyone compare the whitepaper of Bitcoin to any of the recent ICOs, Whitepaper should be more of technical details unlike what we are seeing now that all its talks about is about marketing pitch. People need to wise up or these people will continue to scam you

That's the problem, people don't know this. They expect that that a whitepaper is a prediction of the future, rather than an absolute best case scenario which very few projects actually manage to attain. The whitepaper is very unimportant now, the main thing is actually the team composition and experience.

[NikkiS]

By now people should understand that Whitepaper is a marketing tool, can anyone compare the whitepaper of Bitcoin to any of the recent ICOs, Whitepaper should be more of technical details unlike what we are seeing now that all its talks about is about marketing pitch. People need to wise up or these people will continue to scam you

That's the problem, people don't know this. They expect that that a whitepaper is a prediction of the future, rather than an absolute best case scenario which very few projects actually manage to attain. The whitepaper is very unimportant now, the main thing is actually the team composition and experience.

The main thing that the team wanted to do something and she had opportunities for it. You can write what you want in white paper, but not everyone can imagine a good finished product.

[prtty2gal2]

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.

Casualties should always have themselves to blame most of the time as they failed to do proper due diligence before deciding to actually invest in the first place. That is one problem we have always had in this space, people who tend not to want to do the needful to at least be careful of what they are getting into before eventually getting into it.

For anyone who wants to face reality, they should understand that whitepapers can be cloned and with that being said, what is important is to always check out the team as well as MVP before even making an attempt to go reading some whitepaper.

[chabapok]

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.

Yes exactly that is really big problem for crypto community but we are not trying to see something important.
If these regulations will come to crypto we cannot make 10x 5x in one day anymore.
Crypto space is really risky and because of that we can find a chance to earn money 5x in one day.
People always complaining about scams etc or they want regulations etc..
If you want secure place if you want regulations go to stock exchange bro. They are really regulated and guaranteed and stable and safe etc etc.
Why we are here. Because crypto is really risky but if we will find a good coin a good gem we can earn too much money from here.
That is the main issue in crypto space. So  you need to learn how you can detect scam icos. You need to teach yourself and you need to gain
experience about that issues. after that i believe you will stop complaining about scams. Yeah too many investors losing money. i also lost too much money.
but i am not complaining why. because i gained too much experienced from my loses... and after some time i feel like pro now. I even cant invest any scam ico
anymore because i feel that scammy smell when i entered their websites. so the time is stop complaining and start learning and being professional in that space.

[BravO_o]

White paper is needed to attract investors as much as possible. Therefore, there is painted as if the project will never be more successful. In our time, and half of the written is not observed, because it is impossible. You need to really look at things

[rudox]

I think there should be an undertaking by any project trying to use the forum for ICO promotion to guarantee that if the project fails that fund will be returned to the investors and the project owners must be physically identified not anonymous. They will proof that they are ready for the project with some evidence and this meeting will be at a place where the forum representative and the project team will meat physically and the documents signed before such project will be admitted into bitcointalk.org forum  for promotion.

[anume123]

Reading whitepapers is very important to us for all investors and bounty hunters to know the project perfectly and no one can earn a real money if they joining lots of ico with not getting know it.

[michellee]

Reading whitepapers is very important to us for all investors and bounty hunters to know the project perfectly and no one can earn a real money if they joining lots of ico with not getting know it.

But it doesn't mean the project can reach the success in a long time because it will need more effort from the team to hard work in their project. But whitepaper can help them, the investors and the bounty hunters to know if this is the good project or not. Besides the whitepaper, they need to know the details about the project so they can determine later. Unfortunately, right now, it is hard to choose the right project because every ICO still on the progress to finish their project and sometimes, they need more time to give something to the investors and the bounty hunters.

[blackhawkeye1912]

Forums such as this one are very helpful and informative. It's not the forum's fault if there were scam ICOs here. It's the people who decide where and when to invest. Now, it should be the part of the investors to make due diligence. In the case of regulating these ICOs, I'm really looking forward to it just like what Australian government trying to impose. In that at least regulations would somehow filter the list.

[Lerikaweb]

As long as cryptocurrency is illegal in your country the police cannot help you with it.  There is no legal basis for it unfortunately

[gbale]

I do not invite you to blame each other.
but there is a point that must be the main focus, that is if more and more ico fraud, then crypto electability will go down and it is certainly something unpleasant.
I am sure everyone here is hoping for Crypto to move forward. and things like no ordinary thing no one has never been deceived, therefore I invite you to find a solution not a debate.

[swartzias]

You know, I've already followed a lot of projects. I can tell you with confidence that many projects forget about white paper immediately after the ICO.