majority of blockchain project has lost focus

[Kakmakr]

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

No, Bitcoin has no connection to the other "scam" Blockchain projects. They just borrowed the technology and saw a opportunity to create a quick ICO and to link it to some Blockchain projects to cash in on some quick profits.

Will these scam projects influence Bitcoin? Yes, it will... the media and the uninformed public does not make a clear distinction between Bitcoin and scam ICO's... they just blame Bitcoin for everything, when something goes wrong.  

[1715665523]

1715665523

[1715665523]

1715665523

[1715665523]

1715665523

[Youghoor]

you are wrong about multiple things here.
- the fact that a lot of shitcoins exist and a lot of projects are scamming people has nothing to do with the technology. it is like saying the technology that created vehicles had a motive to kill people because car accidents are common!

- investors are not losing confident. investors never touched altcoins in firsts place, the huge volumes you saw in 2017 was from "gamblers" not investors. and since gamblers always lose they eventually go away.

First and foremost, I don't think you understood what the post meant. Its either you are new in the crypto space or you haven't done any research about projects in the crypto ecosystem. The rate at which people use to invest in new projects has reduce.  Secondly, all gamblers are investors. As an investor,  you put your capital into something with the aim of either making a double or triple of your invested capital. Gambler also bet their money on something with a chance of making a double or triple of his/her money. In this way, we can gamblers are investors in their own way.  I think you should first try to understand what investment is before making an accusation.

[Slow death]

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

It's funny, the Chinese president talked about the importance of blockchain and the price has gone up a lot in a short time, it is proof that this is an easily manipulated market and that people with a lot of influence can make the price go down a lot or go up a lot if they want to. As for your question, well, there are many projects for a growing market.

[Sahyadri]

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

You are relating two different things. \
Majority of blockchain projects have lost focus because either they weren't scalable enough or didn't make much sense in terms of utility. There were hundreds of projects coming every month. Not all can make it big. Although everyone was trying to tap on the opportunity.
Regarding scammers bringing fake projects. That is a different problem. Any new technology has this disadvantage. As people are relatively less aware. So, scamming them becomes easy.
The focus on blockchain projects is pretty much still there but only the worthwhile ones.

[adeandro]

Do you mean that many crypto projects have become very similar to each other and have lost their original essence?

[wxa7115]

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

Those that are behind those projects were never honest people, they were scammers from day one that discovered this market and have taken advantage of investors that are only looking for fantastic profits without making any real effort to deserve them, while I do not like that scammers have taken advantage of this market for their purposes it was impossible to avoid it since anyone can release its own coin without regulation.

However real investors have never been interested in those coins, real investors take the time to analyze the project and see if it is worth to invest in it or not and if you do that with those coins you'll soon realize that almost all of those projects are scams and not worth of your money.

[acroman08]

[why many of so-called blockchain projects these days are scammers

are you referring to shitcoins and it's ICO and Crypto Exchage and it's IEO? if so, then it's all about greed and opportunity there's nothing more.

is this was motive behind the technology?

No, the motive of the technology was to separate bitcoin from any kind of authority/government making it decentralized and free to use to everyone without boundaries.

many real investors are not confident to participate due to fake blockchain projects all over the internet.

They are not afraid they are just being cautious and if there is a promising project you'll see investors lining up for it.

[xiboothrezi]

Is it true? a lot or a little is relative, man. If discussing something related to a quantity like this, it helps you to include accurate data or percentages, not just based on estimates, especially just because of rumours. In fact, there are still many successful, it's just that there are also many scam projects. If we want to analyze and search for more information, we will definitely get accurate data. Consider the following picture.

[shoreno]

simply because this industry is growing and scamers also love to lurk around it because there are huge money on here but of course this isnt the motive of this technology, the motive of blockchain is to provide a better service that are fair or transparent  , also to provide a new and unique payment system . lack of confidence is normal because in investing there is always a risk but confidence is still a must to become immune of whatever the outcome that youl be facing

[pixie85]

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.

[Kambal2000]

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.

Because of lack of knowledge of people too, they were trapped from the promise of the team, they don't know what they really doing, they were just taking risk thinking that their life will change in just a short period of time.

Having a good marketing strategy should not be the basis for us to invest, it was just a trap, so be careful.

[millennium00]

What you affirm is true, in the rise of ICOs many criminals took advantage to make scams and there are still advertisements offering exhorbitant profits where a scam is clearly hidden, for that reason we must be quite careful and the issue of regulation is important, However, there are many serious projects that are working in a good way.

[Lauren Smith]

I dont think they had focus to begin with. Too much printing out money into thin air. Why should they carry on working? They have our money from the ico there is no reason to go on so they dont. They take the money and run. Thats why dont support shit. Its oretty easy to tell a shit project. People just lie to themselves about projects. They dont want to know the truth and they lie to themselves as they do not want to be wrong. Losing their money is less important to them when being wrong.

[microsurfer]

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

[blckhawk]

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

Lack of regulation and people eager to participate are the factors that attract scammers to do such thing. To put this in simple logic, there will be no scammers if there are no people that are falling easily to their scam. And these scammers exist because no one would stop them, or make them responsible, once they just quit and steal investors money. No authority is responsible in penalizing these so-called companies that are outright quitting. There's nothing sure in the crypto-space. From price trends (whale manipulation), to regulations and policies, and anonimity, it's hard to figure out since it's made decentralized.

[karanggatak]

blockchain technology was not created to cheat. the number of scam projects is the fault of its users. not the blockchain technology. and there are some scam projects that in my opinion initially were not scam projects they just failed to develop the project maybe because of lack of funds because there were no investors. the number of scam projects has resulted in no investor willing to invest in new projects. therefore we must be more careful when participating in new projects. don't be tempted by the promise of a large token gift.

[perfect999]

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.

Those are not even blockchain projects because they never even understand what blockchain is. All you see in their whitepaper is just copy and paste from other already existing project or a camouflaged project that is written by some sort of expert. At the moment, there is just need for everyone to be very careful in respect of any project that they want to invest in now, especially the new projects, they are really full of scam as that is their main goal to scam.

Pending the time that there is regulation, we need to carefully research to pick a genuine project out, or better still just stick with some of these already existing projects that has been established in and working according to what they are designed for.

[Ferris419]

This is true indeed. The majority of crypto projects, especially ICOs which held between 2017 to now lost their promises, focus, technology. They came by naming a unique, revolutionary technology but later they did nothing except some exchange listing. Like the UBEX ICO project, I believed in their vision, but they are likely to scam now! But all the old and popular blockchain projects like Ethereum, Ripple, Bitcoin Cash, Tron, Cardano, Bitshares still doing better according to their roadmap and their focus is still on target!

[ice18]

Many scammers saw a big opportunity to create fake icos they did not lost focus the primary objective is to collect huge amount of money by means of scamming using ICO and presenting fake blockchain projects without knowing that those projects are all plagiarized until they discovered after months and still no updates and no products to show, some interesting projects lost huge amount of money from unexpected bear market and declared bankruptcy and in the end run away.

[bounceback]

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

I think some of those who say like that are those who cannot use technology well so they cannot distinguish fraud because now so many people are fooled by projects that falsify blockchain technology to manipulate investors, with this situation we cannot blame technology, I hope we are more vigilant in choosing the current project.