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Author Topic: Why I think all crypto is scam  (Read 1772 times)
whotheff
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November 18, 2019, 05:40:31 PM
Merited by tk808 (5), davis196 (1), TimeTeller (1), iasenko (1), CryptopreneurBrainboss (1)
 #1

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

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November 18, 2019, 05:44:59 PM
Merited by tk808 (1)
 #2

Nice man, you figured it out Wink hehe
no but really, many projects DO just do just that, i been calling them out on it for years, but people don't really care about much in crypto, except making money
most speculators are nothing but hopeless gamblers, and most projects are just fund raising time killers yupp Sad
BTC itself could have smart contracts, side chains, atomic swaps, all this shit, people just need to stop making their own projects to get rich and work together on BTC's code!

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November 18, 2019, 09:18:19 PM
 #3

I sometimes ask myself: if crypto was not considered as a mechanism for making fast money, would it have attracted so much attention? Probably not. Almost the value of coin with USD is every thing. Trading is not wrong thing, USD itself is also traded today. But, USD is used in real life as required, so what about crypto? I guess the answer is no again.
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November 18, 2019, 09:28:59 PM
 #4

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

Yep those roadmaps bullshits only if those developers keep on extending it. Why did they put a roadmap if it will only be extended without any valid reasons. Those legit projects does not do that, they stick to what their roadmap is set an I can say is not all crypto but mostly there are.

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November 18, 2019, 10:42:38 PM
 #5

Brilliant! In a couple of lines, you opened the real face of every new crypto project. Through your talks, yes, they are all scam! The same thing happening again and again but no improvement in the crypto market. If those liers really have world-famous programmers then what are they doing except managing the website and groups? I don't think 90% of crypto projects have experienced and expert developer, they are lying! Roadmap, whitepaper, vision everything is lie in the maximum crypto project but yet people are investing in them. because no one cares about the crypto market adoption in real life, they all want to earn money by using the crypto platform. Sorry, I am being harsh, but it's true!

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November 18, 2019, 10:46:25 PM
 #6

Those are the strategy that they are making, they want to look it legit when their purpose is just to scam.

however, I won't agree with you that all crypto are scam because there are still few that survives until now which they get the people's trust and support.
Take it for example, Binance coin, IIRC, they also had an ICO following the same scenario you've mentioned, but where they are now, they have a real used case of their project, their exchange is very popular and we using it now and benefiting from it.

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November 18, 2019, 10:51:21 PM
 #7

I sometimes ask myself: if crypto was not considered as a mechanism for making fast money, would it have attracted so much attention? Probably not. Almost the value of coin with USD is every thing. Trading is not wrong thing, USD itself is also traded today. But, USD is used in real life as required, so what about crypto? I guess the answer is no again.
You are right, if crypto was not used for earnings, it is unlikely that it would have such public interest. Regarding the use of crypto, I don't quite agree with you. After all, cryptocurrency is already used and will be used even more in the future.

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November 18, 2019, 10:58:04 PM
 #8

Someone already spoke out about those announcement threads and different marketing that's being done by the majority of the projects. But don't forget that bitcoin is also a crypto but it isn't a scam. There's a true use to it and adoption is getting wider but I think although you haven't mentioned it as an exception it's already exempted from what you're delivering to say. Count a few great altcoins there that has also the use as a true alternative for bitcoin being a payment.

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samcrypto
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November 18, 2019, 10:59:10 PM
 #9

Those are the strategy that they are making, they want to look it legit when their purpose is just to scam.

however, I won't agree with you that all crypto are scam because there are still few that survives until now which they get the people's trust and support.
Take it for example, Binance coin, IIRC, they also had an ICO following the same scenario you've mentioned, but where they are now, they have a real used case of their project, their exchange is very popular and we using it now and benefiting from it.
Yes not all crypto are scam, new projects are most likely to become a scam. Saying a good project on day 1 is too risky, you must test the water first for you not to lose big. If the project extended so many times and keep on promising, then its a scam. There’s a lot of established crypto already and to make money with them is very easy so its not a scam not unless you are fooled and be a victim of scammers.

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whotheff
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November 18, 2019, 10:59:19 PM
 #10

Brilliant! In a couple of lines, you opened the real face of every new crypto project. Through your talks, yes, they are all scam! The same thing happening again and again but no improvement in the crypto market. If those liers really have world-famous programmers then what are they doing except managing the website and groups? I don't think 90% of crypto projects have experienced and expert developer, they are lying! Roadmap, whitepaper, vision everything is lie in the maximum crypto project but yet people are investing in them. because no one cares about the crypto market adoption in real life, they all want to earn money by using the crypto platform. Sorry, I am being harsh, but it's true!

True words brothers.. unfortunately all crypto tech, developed by the real developers, will be stolen by huge companies and when all crypto dies, it will be used against us.

You can rent VPS in seconds,
you can clone Monero's wallet or QT wallet in minutes and just replace the logo
you can create a few threads here and there,
copy some whitepaper and change a few words,
strike out a nonsense Roadmap : January: create wallet, 6 months later: update walet, another 6 months later: web wallet, another 6... mobile wallet.
When hashrate drops, just turn your project to PoS and hope some other morons to follow you,
Then release airdrops, bounties, etc, giving away tree leaves as if they are something

This has to stop somewhere.

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November 18, 2019, 11:09:21 PM
 #11

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?  

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.
Agree with you. Also I think cryptocurrency will stay at this stage of adopting for a long time because almost nobody wants to use cryptocurrency. Peoples afraid crypto and everything related to it and that's okay.

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November 18, 2019, 11:12:11 PM
 #12

Brilliant! In a couple of lines, you opened the real face of every new crypto project. Through your talks, yes, they are all scam! The same thing happening again and again but no improvement in the crypto market. If those liers really have world-famous programmers then what are they doing except managing the website and groups? I don't think 90% of crypto projects have experienced and expert developer, they are lying! Roadmap, whitepaper, vision everything is lie in the maximum crypto project but yet people are investing in them. because no one cares about the crypto market adoption in real life, they all want to earn money by using the crypto platform. Sorry, I am being harsh, but it's true!
Very ironic fact, huh. Unfortunately, the fake project succeeded in deceiving many people with all the tricks, especially new investors who were trapped in hype, fomo, etc. I am very thankful for the existence of IEO in trusted global exchanges, such as Binance, Huobi, HitBTC, etc. which conduct IEO from projects that are truly legit, even though the risk of loss is always there, but at least there is a guarantee that projects that work with them are not fake project.


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November 18, 2019, 11:32:38 PM
 #13

Quote
Why I think all crypto is scam

Mate, I think you need to revise a bit your title. If you stated all crypto, it includes Bitcoin. Based on your explanation, you only point it for new altcoins. So, in my point of view, the title must be "Why I think all new coins are scam".

~snp~ That is why I think all these announcements and Roadmaps are bullshit.

Yeah, agree. The roadmap and announcements are made only to ensure people that they did the right way for a project, but the fact there is no big progress and day after day the interest on the coins/tokens is decreasing constantly. Finally, the coins/tokens are delisted from the exchanges or just ended without a transaction "sell-buy" anymore (dead coins). 

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November 18, 2019, 11:39:56 PM
Last edit: November 20, 2019, 09:27:50 PM by Darktongue
 #14

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?  

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.
Most of the project are doing same that's why we had faced this extra extra situation. Legit project doesn't same, just take a lessons from few legit  project that's make you stronger to believe. One problem is the main money transfer from any place to another in our world.

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November 18, 2019, 11:46:09 PM
 #15

Reality is so, nowadays many projects are just nonsense, different from a good project that is hard to find and that can be fared equally to the other.
But not all crypto is a scam, just the time is not right now because investors have very little confidence in the new project and prefer the old altcoin or invest in bitcoins for the long term.
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November 18, 2019, 11:54:28 PM
 #16

Maybe this statement appears because to many scam project come and go then leave us without nothing. I really agree almost all your point above. But in the reality, some project are really usefull and truly give a benefit to user. Like Gowithmi.

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November 18, 2019, 11:58:15 PM
 #17

And here's the thing, just look at how cheap it is to create your own crypto:

https://www.fiverr.com/gigs/cryptocurrency

So it makes sense that crypto that are popping right now are all shit because you can just spend what $100-$300 and voila, you release it, have ICO and then earn good $$$. Sad to say, everyone here is in for the profit. But I doubt that we can stop it, I mean this is open and free market and perhaps this is one of the biggest downside of it, and scammers are going to keep coming.

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November 19, 2019, 12:00:09 AM
 #18

Nice man, you figured it out Wink hehe
no but really, many projects DO just do just that, i been calling them out on it for years, but people don't really care about much in crypto, except making money
most speculators are nothing but hopeless gamblers, and most projects are just fund raising time killers yupp Sad
BTC itself could have smart contracts, side chains, atomic swaps, all this shit, people just need to stop making their own projects to get rich and work together on BTC's code!

that's one of the weaknesses of the crypto industry, where one can easily create their own projects, raise funds, launch useless tokens, then they can make huge profits while investors suffer losses. the number of new projects is inseparable from the smart contract that is so easy to access new projects and at a small cost. only need a road map that is not very clear, the team is also unclear, they can already make it.

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November 19, 2019, 12:21:33 AM
 #19

Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 
Chill bro Grin, now we knew why you really hate alt. Yup! I think what you really mean is alt and not cryptocurrency in general. Though they got similarities to bitcoin but still they are very far from it, because bitcoin got a higher possibility of going into mainstream compared on those tons of sh*tcoins in the market. And if you'll asky my own reason why I hate alts (the newer not the much stable), very simple, because it wastes not only your money but mainly your time and hopes which really sucks Sad.

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November 19, 2019, 01:15:51 AM
 #20

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

I am also curious about it, but I guess programmers are acting base on how much you have paid to them. If they are being paid to do that kind of stuff then the one who hire them has the control over the programmers, still there is a possibility that the programmers can manipulate the programs that they made anytime they like.

You have your point but I cannot agree with it that all crypto is scam as there are few that can certainly remain and maybe has the future to become the main currencies in the future.

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