majority of blockchain project has lost focus

[kryptqnick]

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.

I agree with these points, but I'd like to add another thing as well. Not all of the projects that failed intended to scam people, I am sure of it. Some projects did, others were pretty terrible from the beginning but had the teams that believed in them. There's another category of projects that already allowed their investors to profit the hell lot, it's just that it was back in 2017, and investing in them in 2018 was too late. But speaking of profits and projects, it was not really supposed to be their main aim. They all had their use cases like special platforms, devices and stuff like that related to them (I'm talking about the top altcoins now). And whereas over the hype around them, they allowed people to profit a lot in the early days, many failed to do what they intended to do. And no wonder that after such failures of even those that seemed to be the good ones, investors are not interested in such stuff anymore.

[nicecrypto]

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

This is because of self greed  and has nothing to do with blockchain technology, since the space is not regulated there is no control of what would be presented to the people,  this what you get in an unregulated community where everyone is free to do as they please, this has nothing to do with blockchain.

[oktana]

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

because there is still no standard for applying blockchain projects that are connected to businesses. so that many investors do not focus on studying the real possibility of its application and only care about the investment development module.

many large holes from fake projects entered because of the uncertainty. especially when dev is just an intention to form a wrapped theory that is very interesting, I call it theory because they only focus on quick income for the basics of further node development, while their own projects do not have complete power bases for long-term aspects.

[target]

We're pretty close to adoption already hang on.  

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.

Totally agree with this. Its like drugs that is invested to cure but are now used to cure boredom and get high by people who has something else in mind.  

I didn't know the money flow last 2017 was from gamblers though. Must be a long process to distinguish the funds were coming from gamblers and not from institutional investors.

[clickerz]

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

in my opinion, there is not much real implementation of blockchain in real life..
i know that there is an implementation of blockchain into accounting software and it sound logical
also in some banking..
but in that scam projects the world "blockchain" is used for hype only.

Sad but true. Most projects become a money making/milking  project. After the project launch and devs and whales got their profit,after the big dump..nothing happens.Key people are gone and some are starting a new project to launch and the cycle begins. They lost the main essence and implementation of the project,continuity and passion gone when no money is coming in.

[MicroGuy]

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

Just steer clear of anything that runs on a third-party blockchain. That's where the real scammers prey.

[Hypnosis00]

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

This is because of self greed  and has nothing to do with blockchain technology, since the space is not regulated there is no control of what would be presented to the people,  this what you get in an unregulated community where everyone is free to do as they please, this has nothing to do with blockchain.

Yes, it has nothing to do with blockchain technology and let things be like that.
Scammers are spreading around, we can't just simply rid of them and stop what they are doing today cause in the first place, we actually never know who they are and give a hint to the community. For those instances, we can't escape the reality that blockchain technology has a positive and negative impact on the community.

[Oilacris]

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

That's why ICO investment is considered good as dead because due to scams that been rampantly circling into this field.

Scammers do make use or abuse this way of funding on making fake projects that had even those unrealistic goals or targets.
They aren't focusing on innovation but they do hardly focus on how to make easy millions of dollars thru ico sales.This is why
investment with ICO is already not worthy.

[EdenHazard]

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.

Yeah the statement itself contains a lot of defect in logic , you can't just blame the whole blockchain technology wrong due driving a lot of scam projects, just look at the bright side where it's driving a lot of useful projects too for the long term , people is too easy to generalizing something and that's wrong.

Better to educate yourself more intensive so you'll be able to look at the project in crypto currency space with the real use case and a vision to solve a tough complicated problem that has been exist for years.

The ico hype is over , the amount of shitcoins under fake project is no longer aggressively flooding the market as the system and people around the community has learned from the past experience. End of the words, we are just fine

[dimonstration]

Not because OP joined in failed or scam project does not mean it's because of the blockchain or the technology. It's due to abusive team whose using them. Blockchain is a system used to improve transactions. If we will be careful in choosing project, take necessary studies and background check we can avoid scam. There are legit projects those in CMC tops, focus on them and never let greedy takes you when being offered huge amount.

[hello_good_sir]

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'd argue the completely different thing, have you seen what China has been doing with their blockchain technology. If that's not innovation, I don't know what is - even if I would disagree with some of their values, I can still respect it.

A lot of industries have used blockchain technology to a new level and have been able to utilize it in amazing ways, industries like the mining sector, the food sector, hospitality, retail, etc, have all started incorporating blockchain technology.

Whenever something new releases, obviously there are going to be scams, we can't do much against it though...

[CryptoBry]

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

Our guy Satoshi Nakamoto did not make the blockchain technology and the Bitcoin to be the gateway where scams and frauds can easily go through. In fact, the blockchain technology can function as a way for frauds to be exposed, not to spread and perpetuate among the people. However, we could not stop people (the scammers and hackers) from taking advantage of the same technology for their own selfish interest and goals. Certainly, since the technology behind Bitcoin is open to all, it can be copied and modified to suit one's evil intention.

Now, we as a community are now all aware of this malady and it has come to be our responsibility to expose these scams if we found one and to report the same to the community, in fact we can use this forum for that purpose. Guys, if we are not careful with this problem affecting all of us there comes a time when there are only two things we can find in the marketplace: the fake ones and those Made in China (and many of them are fakes too).

[Wintersoldier]

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

Our guy Satoshi Nakamoto did not make the blockchain technology and the Bitcoin to be the gateway where scams and frauds can easily go through. In fact, the blockchain technology can function as a way for frauds to be exposed, not to spread and perpetuate among the people. However, we could not stop people (the scammers and hackers) from taking advantage of the same technology for their own selfish interest and goals. Certainly, since the technology behind Bitcoin is open to all, it can be copied and modified to suit one's evil intention.

Now, we as a community are now all aware of this malady and it has come to be our responsibility to expose these scams if we found one and to report the same to the community, in fact we can use this forum for that purpose. Guys, if we are not careful with this problem affecting all of us there comes a time when there are only two things we can find in the marketplace: the fake ones and those Made in China (and many of them are fakes too).

It is now depending on us on how we cope with this blockchain projects that are frauds. Basically if there will be no supporters, they will not going to have a reason to continue what they are doing. We already know what bitcoin is capable of, we are already on it's 10th year and I am pretty sure that we already learned allot of lesson from it especially on how the blockchain works.

For me, I only support bitcoin at this moment, because altcoins in 2018 decrease my trust to them.

[crossabdd]

This is not a motive for blockchain technology, but a some person that make use of blockchain technology for scammers. actually the beginning is not like that. in the beginning the ICO project with blockchain technology was going well. because it's still a little ... when developers see lots of successful ICOs, then they compete to make projects. ICO is growing fast. many ICOs succeed but fail in project competition. and finally leave or die. then the scammers start following this. they make projects that will indeed be scammed. so when the ICO was successful, they left. and lost. to date most projects are like that. they don't really focus on the project. but focus on investor funds. so many investors are afraid to invest in blockchain projects.

[asus09]

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 an unregulated market. If they manage to sell, they get some easy money. Some are willing to invest into such scams.
But beware, not all failed ICOs or worthless coins come from scam projects; some may have started with good intentions and simply failed. Also nowadays the altcoin market is so low you may mistake a good project with a failed one just because the volumes and prices have fallen a lot.

Many project only focus with selling coin on ICO or IEO time and after success they will listed with price we wants and never back serious when price down, they will make new project for earn much profit without care will be available for their coin can back to higher price or not, only think how much profit getting with one altcoin investing project and how long they will get profit with building new coins for investing again.

[SM23031997]

If you did proper research on projects and invested after that I am sure you still find them in development.
Most of the projects stopped due to limited funds. They were unable to get private funding after the initial phase.
It doesn't mean they lose focus on the project. Resources are limited for them and development is going on with limited speed.

[Murat]

Not at all, you can't say the majority, yeah there are some of the scam projects which costs a lot. if you compare with the general market then you must find a lot of company in the share market which has a bad reputation and not as like as the credible. so people lost their money by investing there, I think in this platform, there is also some of the ill-intended projects, but the decision is yours, you need to be very careful before joining or investing any amount, It's true that this type of project has brought some negative aspect to this blockchain system, There is a group of people who also responsible to make this scenario, so think twice before doing anything.

[Kyraishi]

I can agree with this. Blockchain has been very lack luster in the recent years especially with ther being so much potential, but basically over the last 2 years all that potential has gone into scamming and tricking a lot of people to give away their money for an ICO.

I'd actually say that the money raised for projects that have launched and are successful, is around the same or even lower then the amount of money that has been scammed from investors.

[Asmonist]

Basically in every blockchain project it always need focus in order to sustain its purpose and goals. Losing focus is quite a broad term since it has different aspects to give focus onto. Funds is a very important matter in every project as its the major source to sustain it. With that, people regulating and working can do their respective part in the blockchain project.

[erickastella]

in my opinion it is a familiar view in my country, because here a lot of projects are scam and only want to benefit the developer, therefore investors here very rarely support domestic projects but foreign projects, but companies in my country are currently developing the latest blockchain technology and I'm still waiting for that.