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Author Topic: Investors failed the community during early ICO era  (Read 179 times)
UnruffledST
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September 11, 2019, 05:34:05 PM
Merited by tk808 (2)
 #1

I always wondered why I never saw pledge like bounties on projects, which would have ensured that a product was actually being developed even if was for the testnet. As investors you set the rules, your the one that the project needs not vice versa. Investors failed to established a norm that would have prevented all this chaos and still are. ICO's are not the problem investors are. I was just looking at how Namecoin used https://www.bountysource.com/ to offer a risk-free way of investors to be able to donate while being ensured that a product is actually built. We have failed to utilized the tools that have been right in front of us. Being blinded by greed.
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September 11, 2019, 06:25:31 PM
Merited by tk808 (5)
 #2

That may be one of the problems that ICOs faced but definitely not a major problem. I can tell you about at least five ICOs which already had an working product but they miserably failed at marketing because the developers didn't have any experience in running a profitable business. There were probably great at coding but a successful business requires a lot more effort apart from only coding. Let me give you one example below.

Pryvatecoin! When this company decided to launch their ICO back in 2017, they already had a product available in Google and IOS app store! They were offering a secured communication app very similar to whatsapp and Botim with free voip calling facility. They had a plan to come up with enterprise level communication solutions as well. I clearly remember, that the calling quality was far better than whatsapp back in 2017. It could have become a preferred choice for many people who are frequent in international calling. But pryvate app doesn't exist today, certainly not the company! They failed because of the lack of their marketing skill and lack of their experience to run a profitable business. The ICO was a big failure even after having a great product!

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September 11, 2019, 06:36:50 PM
 #3

You can't blame the investors because project team is setting the price and all these things so they need to have right strategy of how to develop their project with lot of other scam and useless project and get more attention to yours.

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September 11, 2019, 07:26:25 PM
 #4

We should blame everyone. Not just the investors. Developers too share a lot of the blame. Over a billion dollars were raised during the ICO boom. Less than a quarter of those projects are still alive and operational today. It is good it happened. A lot of investors are wiser now because of it and the quality of project developments too is getting better

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September 11, 2019, 07:35:04 PM
 #5

Investors are not interested in ICO when the hype is low. after all it's about money and they don't even care about real products. listing on the market and being able to sell it at high prices is the reality of ICO investors.

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September 11, 2019, 11:15:05 PM
 #6

Why put the blame to the investors? do you think that the ICO will emerge few years ago if its not because of them? the developers are the one who holds the project and keeps it updated so what does the investors does?

They invest money to fund that project to sustain the needs of it and expenses of developers. I don't understand why the investors have even been blamed.

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September 11, 2019, 11:26:35 PM
 #7


bountysource has already used mostly to give a contribution to solved the issues that already found by the team on its coding. As far as i know, that's very similar with what we have called that as a bug bounty.
If you are looking for that and so many bug bounties already launched but remember about not so many people are having deep knowledge in the blockchain coding area especially to help to build the product. That's why they were investing in the ico with the hopes to see the team can bring a new tech-related to the blockchain.

In this case, investor can't be blamed and i agree with others.

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September 11, 2019, 11:52:28 PM
 #8

The developers or the team cannot be left out of the blame since they did little to protect their community or users. In the early days of ICOs, many investors profited from the bullish period without thinking about how to sustain the project that gave them that huge profit. I guess it is never too late to fix the seemingly damage that has already been created.
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September 11, 2019, 11:59:29 PM
Last edit: September 12, 2019, 02:09:16 AM by Danslip
 #9

You can't blame the investors because project team is setting the price and all these things so they need to have right strategy of how to develop their project with lot of other scam and useless project and get more attention to yours.
I blame the investors due to the recent market conditions, they should make research before jumping the bandwagon for quick results. The strategy is the second in most cases. The smart investors go to find reliable projects but others don't care about the project's idea and they want the fast BTC generator tokens. Investors shouldn't manage the risks of the project, the team is responsible for any possible risk on the project. The bounty hunters also have a teaspoon of salt on this soup in my opinion. We must consider every possibility into the account during the decision making the process.

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September 12, 2019, 02:07:53 AM
 #10

Not good blame investors for not making the ICO condition better!! Investors became an important person to me because without them a project could not walk. And for what broad promotions do through social media like Facebook, Twitter, and Telegram, if not to look for investors.

Perhaps the blame is those who have malicious intentions by utilizing the ICO to commit fraud. Many investors have lost money, so it is reasonable that these investors choose a good project.

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September 12, 2019, 02:14:39 AM
 #11

No need to point a finger at investors alone. Everybody in the crypto community including me have some kind of responsibility to discouraged these kind events from ever happening again. Now is the time for reform. Smiley
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September 12, 2019, 02:39:14 AM
 #12

I think the old investor only want to make a profit without learning about what inside of the project, so they fail to make a profit plus they don't know anything about the project. Many investors are greedy to get much money from what they invest, but many of them are forgetting that if they want to invest, they need to know what the project is. So if you're going to become an investor, make sure you know everything about the project, research the benefits of the project, decide after you have a lot of information about the project.

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September 12, 2019, 01:54:48 PM
 #13

In my opinion, both the investors and the project developers themselves are to blame. A working product does not guarantee the success of the project, because this is just a part of what the project developers are required to offer. Now the investors are much more experienced, although the quality of the projects is still low.


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September 12, 2019, 02:34:44 PM
Last edit: September 12, 2019, 02:49:29 PM by Ucy
 #14

I always wondered why I never saw pledge like bounties on projects, which would have ensured that a product was actually being developed even if was for the testnet. As investors you set the rules, your the one that the project needs not vice versa. Investors failed to established a norm that would have prevented all this chaos and still are. ICO's are not the problem investors are. I was just looking at how Namecoin used https://www.bountysource.com/ to offer a risk-free way of investors to be able to donate while being ensured that a product is actually built. We have failed to utilized the tools that have been right in front of us. Being blinded by greed.

Wonder how the BountySource.com works. How long has it been in existence by the way? You sure it supports crypto because it looks like everything is funded with USD. My only concern with site like that is that rules can change anytime and Crypto-related projects will likely suffer the most from such change.
In my opinion, a proper crowdfunding platform for true cryptocurrency should have strongly coded Blockchain-friendly standards that must be met automatically... It must be permissionless, decentralized, censorship-resistant, etc



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September 12, 2019, 02:55:59 PM
 #15

Why blame investors if they made their contribution to the development of the project by investing their money there. And developers should be responsible for various risks and proper project management. Everyone bears responsibility for their obligations.

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September 12, 2019, 04:14:19 PM
 #16

I always wondered why I never saw pledge like bounties on projects, which would have ensured that a product was actually being developed even if was for the testnet. As investors you set the rules, your the one that the project needs not vice versa. Investors failed to established a norm that would have prevented all this chaos and still are. ICO's are not the problem investors are. I was just looking at how Namecoin used https://www.bountysource.com/ to offer a risk-free way of investors to be able to donate while being ensured that a product is actually built. We have failed to utilized the tools that have been right in front of us. Being blinded by greed.

before we discuss further about this, I want to analyze a system in the ICO, first, the project established by the developer, then the developer does the ICO launching to find investors, after getting their investors to build the project concept that was provided before ICO (white paper), the concept can produce products or services that use cryptocurrency, using funds from investors, developers make coins or find markets for development, so from this analysis if a project fails, not in the investor but in the hands of the developer.

how is the analysis, the project failed due to investors in ICO?

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September 12, 2019, 04:20:00 PM
 #17

The failure of ICO is not the investors making. I mean, an investor is more like a nominal partner if to be considered as so. Such partner is not the real active collaborators but directed but at the ICO case too, investors buy their quota expecting to make money from the investment, the developers are to be blame from my point.

Which is why the pointed out greed blinded the ICO investors all for the profit not safe guarding whether these ICOs area scam or not and so it fires back to all including the teams these days who hit rock bottom. Its harder for the future to trust crypto because they all have seen what it did last year, people are prepared to dump the coins they have seeing they gained 50%. Wouldn't even bother seeing it goes more than 50%.
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September 13, 2019, 07:17:37 PM
 #18

Have they ever brainwashed you before, if they have, you would have understood that the investors acted the way they did because of the impression that the developers gave them. Developers failed from the moment they started giving huge bonuses for pre ICO participants, which means you are indirectly laying emphasis more on the profit they can get on the investment and not the core value of the said project which should have been the one that would make ICO industry successful.

They have real case products, but they are not talking much about it. Developers cannot just invite few people at the early stage and expect that those groups are enough to make the project continue, for a project to continue surviving, it needs more people, and that is the work of the developer to promote it.



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October 04, 2019, 03:11:26 PM
 #19

It's difficult to say who is right and who is wrong. Usually there are two sides involved. There must have been somethng wrong with projects as well.

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October 06, 2019, 05:37:10 AM
 #20

I do believe the undoing of ico was not just about marketing or bad developers

The main failure started after the difficulties in pleasing investors and the best payment mode for hunters
During ico; projects takes ages to list on an exchange which gives investor an impression of dumping upon listing and that just kills the project

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