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Author Topic: Is whitepaper important in the project?  (Read 4375 times)
Perindu (OP)
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September 05, 2019, 03:48:10 AM
 #1

Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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September 05, 2019, 03:58:33 AM
Merited by tk808 (1)
 #2

The whitepaper is often regarded as the face of the project. That’s where you, at least theoretically, find out what the project is all about, what they want to do, how they want to do it, and, most importantly, when. A decent whitepaper takes serious effort: thorough market research, design work, calculations, conceptual development, and lots of other things are integral parts of a good paper. As a result, writing a good whitepaper usually requires a lot of time (and sometimes money), which scammers cannot afford. 

but you need to remember,Good projects are quite thorough about their whitepapers in a good way. If you have too many questions after reading a whitepaper, it definitely means that it was a bad one, and the project did not make an effort to be clear enough. It doesn’t matter if it was intentional or just a result of little attention paid to making the whitepaper, it’s still a bad sign.

the point is this, if you see that a project’s whitepaper is sloppy, too generalized, or lacks any realistic roadmap, that should make you cautious. At very best, the project might not be a scam but they’re still not taking their work seriously enough. Nevertheless, usually, scammers either hire foreign students who don’t speak good enough English to write their whitepapers, which results in a cornucopia of hilariously silly errors or they just plagiarize someone else’s work, which is even cheaper (but certainly more obvious).   
correction if I'm wrong

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September 05, 2019, 03:58:45 AM
 #3

The importance of whitepaper in a project development cannot be underestimated because it serves as the piece which provide all the necessary information about the project, its idea, the team behind and the product of the project. Most importantly, it tells investors and readers the road map of the project.

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September 05, 2019, 05:28:26 AM
 #4

Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?

Yap, definitely important. Because much useful information about the project will be shown on the whitepaper.You can see what the product that want they make, detail information about their token, roadmap, about the team behind this project, and then vision&mission about the project. The true investor will read whitepaper first before they decide to invest.

You can use this tool to checking is plagiarism whitepaper or no

https://smallseotools.com/plagiarism-checker/

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September 05, 2019, 05:29:29 AM
 #5

One of the most useless questions you could ever ask. If the whitepaper is NOT important to you in any case, like some pure token experts like to say, then you might as well just create tokens without WPs and then distribute according to your token economics.

If you really believe in crypto and blockchain, past hype of price, WP is non negotiable.

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September 05, 2019, 05:42:38 AM
 #6

whitepaper is of utmost importance otherwise how would you know what issue the project owner is trying to fix.

Though many projects nowadays just are copying some good whitepaper and presenting it as their own just to scam peoples.
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September 05, 2019, 06:15:12 AM
 #7

Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?

It's important it's the complete plan on where the project is going and what is the concept of the project, all legit projects have their own whitepaper, this is the full explanation, you can trace if the whitepaper if it is a duplicate whitepaper there are a lot of plagiarism checker, you can check if this is a copy-paste whitepaper and it's one of the signs that that project is dubious.

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September 05, 2019, 07:10:46 AM
 #8

It is most important to view whitepaper, one paper and website of any crypto project before investing or doing its bounty campaign. Viewing whitepaper will help you from being scammed and it will also help you understand the project you are participating in is good enough. I do research and view whitepaper of a project beforehand.

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September 05, 2019, 07:18:31 AM
 #9

Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?
To identify a fake whitepaper is fairly easy. because projects don't have a real and passionate idea. Their whitepaper is usually very short and the ideas seem empty and without depth.
Besides, their roadmap will not be detailed and often discount token with a very large percentage.

S T R E A M I E S -  Streaming in Anonimity  -  No rules
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DISCORD    -    BITCOINTALK    -    WEBSITE    -    EXCHANGE
Herbert2020
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September 05, 2019, 07:27:55 AM
 #10

a project's whitepaper is only supposed to introduce the "idea" behind the project in a very short and moderately easy to understand manner. for example bitcoin's whitepaper is explaining what transaction structure is, a simple explanation of PoW, time stamping and the network.
you can not decide whether bitcoin is a good project or not just based on its paper. you have to actually check the project to see if that "idea" was implemented correctly or not. for example there are some altcoins that had good ideas but failed horribly in implementation step so their whole project is now considered a failure.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
ololajulo
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September 05, 2019, 07:30:45 AM
 #11

Irrespective of how whitepaper has been so manipulative we still have to read through. The more whitepaper one read the more you could see defects in projects, comparing the prospect and outcome of projects. One now need to understand how to research and verify every detail seen in the WP, teams are the first and most important part to verify. If we are sure of the teams capability and credibility then we can go further with the project idea

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September 05, 2019, 07:38:24 AM
 #12

Everybody that answered above are correct, WP must be written thoroughly because it's one of the most favorite parts that investors are to study.

And btw a lot of scam projects turned out to be scams because of copied and plagiarized Whitepaper!

So it could be also used as one of the scam-detectors.
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September 05, 2019, 07:45:26 AM
 #13

Is it important to research the whitepaper in the project? then is there a right way to find out if their whitepapper is real, not fake? What do you think?
Yes Whitepaper is one of the important part of any project because all of the details about the said project was written on that Whitepaper the ideas, planning and execution in any means. But sometimes whitepaper was just easily copied from the other existing projects which is not good. Lets say that if we notice that the whitepaper was just copied from somewhere else will thats the "Sign of fraud" and should stay away that crap! I think the only way to find out wethere the whitepaper is original or just copied is by compare it to other existing platforms today mostly they just copied it from the famous one.
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September 05, 2019, 07:53:31 AM
 #14

then is there a right way to find out if their whitepapper is real, not fake? What do you think?
If you mean real as it was 100% plagiarism free and with legit team, then there are several ways. Someone already recommended a tool to check plagiarism, you can also check the scam accusation board and see the busted "fake" whitepapers.

Here are some samples:
FLUENT TOKEN - SCAM - Plagiarized whitepaper - https://bitcointalk.org/index.php?topic=5181757.0
SEEDOFLOVETOKEN(foundico4.9 score ) - Plagiarism whitepaper - https://bitcointalk.org/index.php?topic=5181683.0
BOTHAM.IO - SCAM - FAKE TEAM - https://bitcointalk.org/index.php?topic=5181751.0
SEEDOFLOVETOKEN(foundico4.9 score ) - Plagiarism whitepaper - https://bitcointalk.org/index.php?topic=5181683.0
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September 05, 2019, 07:54:19 AM
 #15

Of course this is the most important part of a project that will be carried out right because by reading the white paper we know what the project's purpose is, if we distinguish between the original or fake white paper, we will judge it.

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September 05, 2019, 08:08:17 AM
 #16

If we want to know more about project we need more into their whitepaper. In the whitepaper we all know what project they will development and running for. More research will more good because at this time so many project only copy paste from another project. More detailed is needed.
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September 05, 2019, 08:11:27 AM
 #17

One of the most useless questions you could ever ask. If the whitepaper is NOT important to you in any case, like some pure token experts like to say, then you might as well just create tokens without WPs and then distribute according to your token economics.

If you really believe in crypto and blockchain, past hype of price, WP is non negotiable.

thank you friend, for reminding me. I am a beginner and I want to know how to observe whitepapers in a project. yes, maybe this question is not useful for you but who knows tomorrow when I have the skills in identifying fraudulent projects will surely help many people not to fall into the den of fraudsters. There is a saying that says "ashamed to ask astray on the road", hopefully you can remember again when you were in my position.
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September 05, 2019, 08:28:58 AM
 #18

Whitepapers are an important part of the project because the first thing investors will see is whitepapers. if they publish a project with a bad whitepaper of course investors are reluctant to invest with them. more or less like that in this case.
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September 05, 2019, 08:39:44 AM
 #19

White paper of the projects it's like an idea, ideas might be very good and well work out, but it's there is still a lot to go before their implementation and commercial success of the project

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September 05, 2019, 08:49:49 AM
 #20

If you are a investor then Whitepapper is most important for you because withpaper road map of the project and you will see the project what can do future development. Many strong project looking good map then there making Whitepapper after start project activity and many projects making in running project.
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