between whitepapper and reality

[miyaka26]

every whitepaper what I read impress me, it so promissing and perfect, but reality is not so good in 90 % times

Flashy white papers and website, as usual, a common practice from ICO's but the real problem is the actual content and the output that they will produce base on their roadmap the problem is most of the projects right now are extending due to lack of collection to token sale, I saw some ICO's scammers getting away from their project like nothing, project team member must do a KYC to show their authentication so if ever they are going to scam someone it is easy to track and to give sanctions to those people, however, they need to do submit it physically, I think that's possible.

[1715656065]

1715656065

[1715656065]

1715656065

[1715656065]

1715656065

[1715656065]

1715656065

[Flamebellow]

Unfortunately, expectations about the project are usually not met. Every project wants to tell beautifully what a grandiose plan they have and how they will become popular, but they don’t want to do anything, or they don’t know how, or they are just scammers. The whole situation around the expectations of the project and reality is well reflected in this picture:
 

[JohnMacZeppelin]

Of course, there is a very big gap in this, because many projects are really very much and very essentially cannot do as they are written in white paper, I am sure that today many people still understand this.

[Blamsud]

every whitepaper what I read impress me, it so promissing and perfect, but reality is not so good in 90 % times

Flashy white papers and website, as usual, a common practice from ICO's but the real problem is the actual content and the output that they will produce base on their roadmap the problem is most of the projects right now are extending due to lack of collection to token sale, I saw some ICO's scammers getting away from their project like nothing, project team member must do a KYC to show their authentication so if ever they are going to scam someone it is easy to track and to give sanctions to those people, however, they need to do submit it physically, I think that's possible.

It is hard to do a background check at this time that tons of ICO exist. Sometimes it is better to know if the company really exist or if they have working products that they risk to sustain their credibility.

[b3llsf1l3s]

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 it must be admitted that the results of the whitepaper and the reality that occurred after the sale differ 180 degrees. it seems that only 20% of the total ICOs are available for 1 year. but actually there are also those who run according to the whitepaper, but the problem is that they are in the market position which is already quite severe. so that it seems that the price does not support it back even if the roadmap on the whitepaper runs perfectly

[kalstarzz]

actually the legal umbrella for fraud either in investment or in others. it's just that we have difficulty implementing it in this forum. because each other investors do not know each other. and the only one who can help us as deceived investors is the admin and team in this forum.

[upsidedown75]

This forum is a great opportunity to see if an ICO is scam. There are a lot of great community members, that are identifying scam ICOs and posting about it here on Bitcointalk. But usually nobody read these posts. Be more selective guys.

As much as it is a great opportunity, a lot of people do not always get to dig deeper. The information is always going to be there to take advantage of, so it depends on each individual how ready they are to utilizing that information for their own benefit.

Asides from getting information from this forum, another imperative thing to always do is to be able to do proper due diligence on one's own which is one thing I believe that as long as you are able to do that, the chances of being scammed will always be slim but because a lot of people are always lazy to do this, it is always easy for scammers to have their way.

[Lagduf]

White paper is nothing more than a detailed technical aspect of the project that is going to be implemented and that includes idea and expectation, the reality could sometimes far off from that so called whitepaper
but atleast the project is trying what it can deliver except they are lacking of commitment of the result turned out to be far from what people expected

[Gontxi]

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.

well this is good to be a discussion, but until now we can't do anything about the scam ico. only state authorities can take action on it ...
we are well aware that regulation must exist to be a counterweight to ico. it's just that this requires cooperation between each country, especially about its legality. this is difficult

[catsmile]

It is very difficult to protect investors. When the investment is completely voluntary. We must remember that, cryptocurrency is born for a quick transaction, it will not verify your identity.

[antonhuda]

Indeed, the whitepaper is made as attractive as possible to be able to take the hearts of investors and the public, so that they can decide to join and participate in it. So to get one really is not as easy as making a whitepaper.

[Pechalka]

I just don't have a trust tot whitepaper. In my opinion, you can match real facts and whitepaper, but your decisions must go from yourself.

[OluwaTosin10]

I think we really need to work towards reality
Most whitepapers promise heaven and earth only to crash out after a successful ico

But to be honest
We can detect good projects from their whitepaper
All we need to do is discover what type of product they have to offer us

[Siti Nurbaya]

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.

We cannot detect scam projects or other frauds, all this has become a risk that must be taken. As investors, they know better what to do if they see this. This is the advantage of the scammers in Crypto, no one knows with his malicious account. All come together as one without a clear identity, but surely you use your thoughts and understanding to things that are better and useful, every action must have wisdom and risks.

[rommelo24]

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.

There are those scammers that are behind bars now but sad to say that not all have been punished. We are in the crypto world where we can hide our identity that is why some abuses this attribute. Anonymous but they can be traced if we really want scammers to be punished for the crime they committed.

[Qiuyue201_real]

Warning! User Qiuyue201 is using stolen account!

Cancel all his bounties etc.!


Hello, scammer.

You stole my account. I am reporting this form now on to all the bounties you are attemptimg to participate in (but I am doing it at the last of the bounty so you have to work for nothing). Also reporting to all the prevoiuos bounties that ended and you were not paid for them yet. Also reporting to Bitcointalk administration that you are using my stolen account. This is second time it happened to me. Not sure if you were last time or someone else, but this time I am asking them to ban all your accouints if you have any multi accounts.

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.

There was no solution because there was no any regulation that regulated the development of icos. remember all of these money are holding directly by these icos creators. As far as i know the fact that if there was a project that change its roadmap and it can be considered as a scam dude.
So many project has been doing this thing.

[gbale]

Thank you for all. who have given your thoughts to progress together.
indeed every job in this world there must be a risk only the purpose of our community is to remind each other and interact with each other to move forward together.

[hannahboy]

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.

Not all crypto currencies can stay the same from the idea period to actually end of roadmap. I do not think ethereum was first created as the "ICO King" coin neither but after it got divided into two the eth we have became the the eth we know and many coins started out their ICO systems thru ethereum blockchain which made a lot of people buy ethereum to get into the new ICOs and eventually make it worthwhile.

That's the good example, there are lot of coins that started as "x" but turned into "y" along the way like that too, some end up as great, some end up as horrible. We can't judge the roadmap from whitepaper, life changes constantly, so does coins.

[Mysteryla]

Unfortunately there is body yet to protect investors from those scam ICOs, except for some SEC compliant ICOs, where investors are fully protected.
We are in a system where most times, investors should know how to identify and be able to distinguish between scam and genuine ICOs.

[South Park]

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 market is mostly unregulated so it is going to be impossible to offer some kind of solution about this, people can get away with all of those scams not only because of the lack of regulation but also because most of them never revealed the real identity because they use fake pictures and names to promote their ico, so any attempt to find them is going to be a lot more difficult because you do not know who they are.