majority of blockchain project has lost focus

[Shenzou]

why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.

what are your views

The blockchain technology was never related to the scam projects, blockchain is a system of its own and just because some people use it as an excuse to rob people of their money it does not influence it, just because someone uses something for the bad thing does not make it bad, the real reason why many of these peoject fail and are not that popular anymore is that the hype behind it has gone, you see back in 2017 when the crypto market witnessed a huge popularity many of the investors rode the hype train and started creating and investing in shit coins and projects and after the hype died and the regulation came and doped the price of bitcoin and other cryptos significantly no one is still interested in them.

[bryant.coleman]

why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.

what are your views

A lot can be done if there is a will. But as of now no one cares and the scammers are having a free run. I am afraid that now it is too late to rescue the ICO sector. The number of new ICOs listing every month has fallen to a small fraction of what we had in 2018, and most of the investors have decided not to participate in this sector anymore due to bitter experiences in the past.

A few simple regulations could have rescued the ICO sector, such as making third party escrow mandatory for the projects. But the investors continued to pour in their money in to shady projects, and this actually encouraged the scammers. Rather than those who are behind these scam projects, I would say that most of the blame should fall on the investors. If they had been a bit more cautious, then the situation could have been much different now.

[wxa7115]

So many projects are scams because people think it's easy to start a coin and make money. They think it's all about advertising so they put money in to create beautiful sites, animated graphics advertising videos, pay influencers start discord channels and then there's not enough interest so they scam to take people's money and get something out of it.

Starting a crypto company is not an easy thing and it takes time. People want money to start flowing in a month or two and get fucked.

And that should be our main issue with many of the projects released today, they show the perfect image of their project and what they want to achieve but there is no substance to it, when you begin to dig information out of that project and what they want to achieve very soon you realize the developers have no experience in creating a  project like the one they want to create and in some cases they do not even have coding skills.

And when I find out about this I cannot help to think why they are doing this and I always come to the same conclusions, they are doing this for the money, they have the idea that creating a cryptocurrency is easy, after all there are thousands of coins already, how difficult it can be to create another one.

[the rise]

A lot can be done if there is a will. But as of now no one cares and the scammers are having a free run. I am afraid that now it is too late to rescue the ICO sector. The number of new ICOs listing every month has fallen to a small fraction of what we had in 2018, and most of the investors have decided not to participate in this sector anymore due to bitter experiences in the past.

A few simple regulations could have rescued the ICO sector, such as making third party escrow mandatory for the projects. But the investors continued to pour in their money in to shady projects, and this actually encouraged the scammers. Rather than those who are behind these scam projects, I would say that most of the blame should fall on the investors. If they had been a bit more cautious, then the situation could have been much different now.

Project developers are not convinced of the sustainability of their coin prices in the market, some of the things that I see are wrong in their post-ico mindset, moreover they have more coins than investors, they must have the confidence to control and not just think about the sustainability of their projects, escrow also only facilitates transactions and Refunds, the team does not look at the price precision to strengthen their project, and from this point most scam sentences emerge.

[henmark]

majority of blockchain project is dead and useless. Its much worse than just loose focus

It is their lack of focus that actually led them to their death apart from the ones that are actually destined to die, those ones are what I see as professional scamming, because they purposely create a project to just die after they have received people's money from them.

I think that some project that initially had focus from the beginning really lost it because they have enough money raised during their campaign which they would rather just stick with that profit than pursue the real working product that would speak for some of their investors. I have stopped looking for newer projects now because they are the worst and I have just limited y investment that I do on a monthly basis to coins that are within the top 50 on binance exchanges.

[wozzek23]

Attributing their activities to the technology was a wrong statement because the technology itself has been very effective, but the means for which these technologies are being developed is the main things that are to be blame for scam because of their corrupt mind. The fact that there are people who are using the fiat currency for evil purpose does not make the fiat evil itself, the reason why we are just condemning fiat is because it has become less effective now and gradually going to extinction.

Blockchain technology has been very effective for people, which world government leaders are even encouraging their citizens to go for it while school are even beginning to lecture it to their citizens.

[adeandro]

Because they are going to new experiments, without this crypto market will not develop.

[enhu]

There is too much positive things that blockchain had brought into this world since the Satoshi deliver it to us. Companies as big as google tried it.  It can even be used against the cryptocurrency users but its going to be a hell of a battle again for democracy that blockchain had won already.

But its going to be unfair if you say scamming investors is the motive of this technology. We all know the  government money are the scam of all time.

[kro55]

Blockchain is open for all and free from censorship and regulations. Although blockchain is revolutionary technology scammers are taking full advantage of anonymity. This is the main reason why investors are taking less interest in ICOs but IEO is the solution for this.

[BChydro]

A lot can be done if there is a will. But as of now no one cares and the scammers are having a free run. I am afraid that now it is too late to rescue the ICO sector. The number of new ICOs listing every month has fallen to a small fraction of what we had in 2018, and most of the investors have decided not to participate in this sector anymore due to bitter experiences in the past.

There is no point in having a huge number of ICO listings every month when there is a low success rate and major of the projects are presented to make money and shut them after a while saying they were not successful and then there is a shit load of scam projects, so it is obvious that the trend would die and now a days no one dares to invest in any projects because it is a very high risk investment.

[FanEagle]

Blockchain is open for all and free from censorship and regulations. Although blockchain is revolutionary technology scammers are taking full advantage of anonymity. This is the main reason why investors are taking less interest in ICOs but IEO is the solution for this.

Then please tell me how IEO has been a solution to these also because most of the people that are in charge of the IEO are also scammers as what they are after is thee money that the projects will use to register for the IEO and not after the project itself, it is only few exchanges like Binance and some other top exchange that are still doing their due diligent on a project before they release it, other exchange that I have seen are scams.

The regulation that we are all shying away from is actually the real solution to stopping some of the bad blockchain projects, because most of the project that we have don’t even know how to apply the blockchain technology, as what they just do is to hire an expert who would not follow through because of other project to help them develop something presently which they are not capable of carrying through.

[boris singer]

Quality blockchain projects just get caught up in changing trends, they prepare everything about ICO from the start, but things develop like IEO and eventually make their minds go blank because it's not easy to change plans just like that, and have to enter the incubation stage again if they wanting ieo on the top exchange, I don't want to mention too many scam projects because there are still many potential ones, they only have bad momentum.

[panganib999]

why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.

what are your views

Blockchain's popularity is obviously being used by scammers to manipulate people. Blockchain is a very powerful tool that is backed by its smart technology. Because of blockchain's popularity and good economic help, scammers knows that they would catch investor's attention and interest if blockchain would be involved with their project, because of that, blockchain which is kniwn to be an epitome of security is being ironically used for something itbwas made against for.

[wack slacker]

Exactly, technology is not easy to create.  most of us only see them at the idea level and incorporate them into ICO projects, IEOs and promotional tactics.  Most investors are not experts in technology so they cannot have a comprehensive view of the project.  Technology projects are many, but the number of coders is always limited.  That is all reason to lead to the failure of a project.