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Author Topic: could it be most project don't succeed?  (Read 1011 times)
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Cryptomiles1
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November 04, 2019, 12:05:43 PM
Last edit: November 04, 2019, 06:20:03 PM by Cryptomiles1
Merited by tk808 (2)
 #1

hello everyone

I have came to think of something reasonable about some projects, today everyone just wakeup to create his project and introduced it to btt just for people to suffer and promote probably at last the project will not succeed and they will foldup why? everywhere and there having much projects trooping in the forum today but few succeeds.
today, tomorrow, next tomorrow came up with all such of tokens, or could it be they want to build their social media groups and pages then they will come create fuck token and disbursed to the people whose manage to follow them on their media page and at last such token has no value in the market. they will even stole some other project websites just to boost their pages. this is improper... We hear scam and thief everywhere due to not have a proper documentations about the ventures.  
I think earlier 2010 to 2015 there were no scam project even if there's, is just 1% but now is +-50%

to me this are the interest of those fake project.
1. they want to boost their  facebook page
2. they want to boost their twitter page
3. LinkedIn page
4. YouTube, ETC

my Questions

Is there no other ways BTT can track and trace such people posting such project in the forum?
Is there no way we can run free and fair project in the system without us being scammed or tricked?


Let me rest my case here and I would like the elders of this forum to look into this
Please feel free to drop your comment

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November 04, 2019, 12:22:44 PM
Merited by tk808 (1)
 #2

-
Is there no other ways BTT can track and trace such people posting such project the in the forum?
-

If they post a project on this forum, then some members this forum will examine whether this is a risk scam or is still feasible, if it is proven to be a scam, the account will be rewarded with red trust if it does not act. That's what I know so far, but the drawback, most of the accounts that post project announcements have a newbie rank, so they can make more in the future. Maybe, if this forum implements an identity verification / KYC system for an account, then I think it will be better.

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November 04, 2019, 12:28:43 PM
Merited by tk808 (1)
 #3

bitcointalk is not responsible for keeping track of what is being advertised in it. they are trying to keep things as free and decentralized as possible. it is up to the users to do their own research and figure out which projects are scammy and which aren't.
and it is not that hard to do that kind of research either. it just takes a little bit of time which some people are lazy to spend which is why they fall for the scams.

with all that said, if a project is actually good and has something real to offer and more importantly is not the copy of another project, then i am sure it will succeed easily.

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November 04, 2019, 12:53:11 PM
 #4

... they will come create fuck token
~
There is actually a token called Fuck Token  Grin
Code:
https://fucktoken.com/
https://coinmarketcap.com/currencies/fucktoken/


Quote
1. they want to boost their  facebook page
2. they want to boost their twitter page
3. LinkedIn page
4. YouTube, ETC
There were a lot of fake airdrops in 2017 that have done this and there might be few who are still doing it today. You can add here "they want to boost their referral links". When Binance was just starting, some people have been giving fake tokens to whoever sign up to their binance referral link.


Quote
Is there no other ways BTT can track and trace such people posting such project the in the forum?
Bitcointalk admins/moderators do not monitor them. It's a community effort. Just go to the Scam Accusation board and see how many scam projects are being busted daily. If you see one and you have enough proof, you can also post there.

Quote
Is there no way we can run free and fair project in the system without us being scammed or tricked?
As long as there are people who easily gets fooled by scammers, this will never stop unfortunately.


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November 04, 2019, 12:53:43 PM
 #5

hello everyone

I
to me this are the interest of those fake project.
1. they want to boost their  facebook page
2. they want to boost their twitter page
3. LinkedIn page
4. YouTube, ETC

my Questions

Is there no other ways BTT can track and trace such people posting such project the in the forum?
Is there no way we can run free and fair project in the system without us being scammed or tricked?


Its upto the member if they want to follow every social media channel of the project, it is self decision and forum cant cotrol that. But honestly its a good marketing idea if they just want a free boost and pay only tokens.

The only solution for your problem is do not invest or join in any project related to ICO so you will not feel victim if the project is  scam or  failed .

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November 04, 2019, 01:17:08 PM
 #6

Those who have to be resposible for things like this are member of this forum itself, meaning how they aware look at the oddities of every new project that arise. How can we expect that scammer will not scammed again if there are still people who easily get scammed, why they easily get scammed not only about the knowledge but also but the mindset which is want to get much money with easy way.

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November 04, 2019, 01:54:57 PM
 #7

Those who have to be resposible for things like this are member of this forum itself, meaning how they aware look at the oddities of every new project that arise. How can we expect that scammer will not scammed again if there are still people who easily get scammed, why they easily get scammed not only about the knowledge but also but the mindset which is want to get much money with easy way.
No people will be scammed, if no one wants to get scammed. A lot of people says that lack of knowledge is the reason why people get scammed, but i think greed is mostly the reason why people get scammed because most of them only focus in earning huge amount of money that they didn't think twice if the project is scam or not, so most of them ended up getting scammed.

 
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November 04, 2019, 02:02:23 PM
 #8

hello everyone

I have came to think of something reasonable about some projects, today everyone just wakeup to create his project and introduced it to btt just for people to suffer and promote probably at last the project will not succeed and they will foldup why? everywhere and there having much projects trooping in the forum today but few succeeds.
today, tomorrow, next tomorrow came up with all such of tokens, or could it be they want to build their social media groups and pages then they will come create fuck token and disbursed to the people whose manage to follow them on their media page and at last such token has no value in the market. they will even stole some other project websites just to boost their pages. this is improper... We hear scam and thief everywhere due to not have a proper documentations about the ventures.  
I think earlier 2010 to 2015 there were no scam project even if there's, is just 1% but now is +-50%

to me this are the interest of those fake project.
1. they want to boost their  facebook page
2. they want to boost their twitter page
3. LinkedIn page
4. YouTube, ETC

my Questions

Is there no other ways BTT can track and trace such people posting such project the in the forum?
Is there no way we can run free and fair project in the system without us being scammed or tricked?


Let me rest my case here and I would like the elders of this forum to into this
drop your comment
A lot of projects are posted here on the Bitcointalk forums within the "Announcements" boards. There are many reasons why projects end up failing or succeeding. One of the reasons many projects fail is because lack of funding, due to either failed promotion, lack of any really innovation compared to other projects, or little to no transparency.
   Then you have the scam projects who exit as soon as they gather enough funds. The biggest reason I believe comes from legal uncertainties. The SEC has really been clamping down on ICO's due to potential securities violations for projects who fail to register.
 Look how much scrutiny that Telegram is facing for selling "TON" tokens. The SEC stopped them in their tracks!



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November 04, 2019, 02:16:05 PM
 #9

my Questions

Is there no other ways BTT can track and trace such people posting such project the in the forum?
Is there no way we can run free and fair project in the system without us being scammed or tricked?
Bitcointalk can't stop those scammers they can create new account anytime and bitcointalk is decentralized there is no kyc here. But the members should be the one responsible in stopping it, post a scam accusation if you have found a valid proof, do not join suspicious projects.

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November 04, 2019, 02:29:05 PM
 #10

Maybe it's because they're interested in getting our data out, to use it for their illegal activities.

One of their targets is our identity pictures, To use them online for illegal activities such as using your picture as a founder of the invesment platform.
And also email, they use it to give us spam emails or phishing sites.
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November 04, 2019, 02:35:16 PM
 #11

Bitcointalk isn't responsible for tracking or even stopping scam projects being endorsed here. It's a good thing that there are always concerned members who are reporting and reminding other members to be aware and to get rid of fake projects. We can't eliminate them because they're using different social media platforms to fool people so we have to be wise all the time.



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November 04, 2019, 02:56:06 PM
 #12

The only help bitcointalk can do is ban those suspicious people on doing such illegal activity. Yes there are lots of people who has been reported in the scam and accusation thread. Only their account here is affected but their real identity still hidden especially if their account is just new and just created. This is an open forum, so people should beware and take extra cautious when dealing with forum account that are just made or created to do some project announcement.

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November 04, 2019, 03:01:26 PM
 #13

Bitcointalk is not responsible for scam project that pops every now and then, it's a forum with people who are willing to share their thought exposed thoughts if they see suspicious about the project that we need to thank for since it's not their job to do so but they still do to at-least lessen those project that we will be needing to research if we plan to invest, better invest or join in projects that are already listed or have built product to lessen the risk or to assure you're investment is success. We can only determine it's success when we research and investigate the project.



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November 04, 2019, 03:04:48 PM
 #14

The best would have been that it did not start. Ever since scam started in the cryptosphere, particular the projects that are launched these days, it has been on the increase. All effort to stop them from coming proved abortive.
If they cannot be stopped, we can at least to some extents avoid them. How then do we do that. Through proper and appropriate research, not minding the time it takes to do that, until we are sure, while waiting to invest.

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November 04, 2019, 03:11:19 PM
 #15

I think BTT is an open forum for sharing information about crypto currencies. and if Bitcointalk can detect and banned scam projects, that doesn't mean they will stop. like the part you mentioned. they can announce on Facebook, Twitter, Linkd, YouTube. because some scam projects appear on social media.



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November 04, 2019, 03:16:30 PM
 #16

The vast majority of projects certainly don't succeed.

The crazy thing is, there are well over 1,000 cryptocurrencies listed on CoinMarketCap, with around 200 of these with a market cap in excess of $500k (I would argue this is the threshold for success).

The truth is, the vast majority of these projects were simply bought up in the 2017 bull run, they didn't have any intrinsic value, people ust speculated they would increase in value by virtue of the bull run (and most did).

However, these projects that lacked internal value are now being dumped by practically everyone, sending them into the abyss that is failure.

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November 04, 2019, 03:22:59 PM
 #17

hello everyone



my Questions

Is there no other ways BTT can track and trace such people posting such project the in the forum?
Is there no way we can run free and fair project in the system without us being scammed or tricked?


There is no way can this forum keep the track and trace of people since this forum is completely anonymous. If you remember when you registered here there is nothing personal they asked you to fill up or if there are it is just optional. Scam and fraud is natural on this kind of industry because it is easy to pull off but the sure thing is, it can be prevented through some reading and researching.

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November 04, 2019, 03:47:22 PM
 #18

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I think earlier 2010 to 2015 there were no scam project even if there's, is just 1% but now is +-50%
Checking my bounty wallet I believe it's much higher could be 70%

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to me this are the interest of those fake project. 1. they want to boost their  facebook page2. they want to boost their twitter page
3. LinkedIn page4. YouTube, ETC

You are right, one of them is LBX a project that paused their ICO, they used their bounty campaign, to increase subscribers to their newsletter and followers on their social media, at least they are sending the latest news about crypto in my inbox.

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Is there no other ways BTT can track and trace such people posting such project the in the forum?
Some members are doing that and reporting in the scam section, but it's not their obligation though

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Is there no way we can run free and fair project in the system without us being scammed or tricked?
This is an open forum, it's a free for all, anyway these scam projects are caught and exposed.


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November 04, 2019, 03:59:14 PM
 #19


Is there no other ways BTT can track and trace such people posting such project the in the forum?
The way the forum is structured, there is no way to track the accounts that come here to start up such projects. And the forum doesn't check the legibility of projects that are been advertised here.


Is there no way we can run free and fair project in the system without us being scammed or tricked?
The only way is to bring the project to the attention of the forum moderators, and that's only when there are verifiable evidences of scans from the group.

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November 04, 2019, 04:27:48 PM
 #20


Is there no other ways BTT can track and trace such people posting such project the in the forum?
Is there no way we can run free and fair project in the system without us being scammed or tricked?


There is no way for Bitcointalk as a forum to approve a project as almost all projects tend to bring their products and services into picture only AFTER conducting one or more exchange offerings. As a result, it is impossible to say if a project is legit or just a scam other than simple call outs like faking the team details, plagiarism in the white paper etc. which is cracked down by the infamous Sherlocks on the forum.

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