Why I think all crypto is scam

[EdvinZ]

You are right, all this is meaningless in terms of the implementation of these ideas, if they are not actually used. Mainly, various announcements to improve the project lead only to fluctuations in the value of its coins, and the introduction into the infrastructure of cities and countries does not occur.

[mu_enrico]

I think cryptocurrency itself is an experiment, not a scam per se. The madness started when people try to assign real-world value to the research.
The developer centralization also one of the "variables" that we put into this experiment.

Hence if someone asks me about cryptocurrencies, I always answer it with the word "experiment."
Which one will be successful? We can only guesstimate.

[Wintersoldier]

It's quite not appealing to hear that you holistically state that all crypto is a scam but in my perception, you are just pertaining to ICO's and IEO's basically investment platforms that uses crowdfunding. Actually you have a point, we can't classify bounties and projects to be legit if they pay their hunters, they have numerous plans but the assurance of getting an ROI if you are an investor isn't clear. But if you really want to believe that holistically, cryptos are scams, how can you justify when Bitcoin is the case?

[Pamadar]

Though you are right, but some projects really trying hard to make a big step in the crypto world. I have seen some projects who keep updated their community with all the latest updates about their products and use case! Though most of the projects failed later, but we can't ignore their hard work. Many good projects already achieved what they deserved! Like ONE, MATIC, TOKO are new projects but if you follow their update channel then you know they are trying to make the vision possible!

Most of those coins are in the surviving state and we can't discredit their efforts to keep trying to work with their projects, but with OP's statement there's really too many projects that turned to scam and unable to provide their promises, it' hard to those real investors to see how the situations turned against their invested money but its part of realities inside this market you need to be very careful.

[arimamib]

It's quite not appealing to hear that you holistically state that all crypto is a scam but in my perception, you are just pertaining to ICO's and IEO's basically investment platforms that uses crowdfunding. Actually you have a point, we can't classify bounties and projects to be legit if they pay their hunters, they have numerous plans but the assurance of getting an ROI if you are an investor isn't clear. But if you really want to believe that holistically, cryptos are scams, how can you justify when Bitcoin is the case?

true, he actually focuses on new projects and contains only assumptions. if there are scam projects there will be projects that grow but with a small percentage. Don't drop coins with this kind of perception, and I'm not sure that he has researched all the projects and talked scam on all coins

[OptimusPrime_3]

You can't say all cryptocurrency are scam, there are some or most of them which are scam and involved in what you have just stated. They only do this to buy themselves time with their bad agenda trying to make people believe its real, they make everything look difficult while it is not the way they made it look

[Strongkored]

Investing in crypto is considered a way to get fast money ( a lot of people thinking this)
The product offer whether it will realy be launched, the people behind the project is a trusted person or an expert in its field so that it can release the product, it is no longer something that investor care about.
Therefore many scam projects that have sprung up, are all about making quick money not for something that is sustainable and useful for community.
most scam cryptos appear in 2017 until now.

[Free1bitco.in]

Well, I think that most of them only use the ideas they have just to raise money. even the extended roadmap is no longer a problem because it has been done too often.
I also sometimes think, what exactly is the roadmap function if they only use it as a complement to their whitepaper. however I quite hope with some projects about it, but they sometimes provide invalid explanations, or even extend it for no reason. some projects even follow the roadmap, and even other project concepts. however, I am still waiting for a project that really uses it well.

[Pecunia non olet]

The problem is that all cryptocurrencies are same and offer same features: wallet, mobile app and thats all. Who would invest into these 2 features, when we have thousands of same cryptocurrencies? Do you see the problem? How these cryptocurrencies can even exist?

[Byakuga]

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.

Yea well the developers should start creating something that people will want to use, that is what matters now, its all about giving the public what they want, you are right and your point is the reason why i prefer projects with real life working products

[Byakuga]

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.

BUT if all coins are scam as you stated what about those coins that have been around since 2010 and they have increased in value so much compare to when they are launched? for example litecoin, every early adopters are now millionaires

[Firefoxx]

Crypto isn't a scam but our issue is lack of regulation, many platforms with scam intentions are on the space and exchanges keeps doing IEO for them, keep promoting and listing them so once listed many will dump on investors and exit scam next Exchange would do is to delist them which isn't helping out seriously, I would wish we monitor before we invest. Crypto isn't a scam but scammers in the building are making life difficult in crypto.

[whotheff]

I think cryptocurrency itself is an experiment, not a scam per se. The madness started when people try to assign real-world value to the research.
The developer centralization also one of the "variables" that we put into this experiment.

Hence if someone asks me about cryptocurrencies, I always answer it with the word "experiment."
Which one will be successful? We can only guesstimate.

I like the way you see crypto.

Yea well the developers should start creating something that people will want to use, that is what matters now, its all about giving the public what they want, you are right and your point is the reason why i prefer projects with real life working products

Which projects offer something which cannot be bought using dollars?


Yes, Bitcoin can also be called a scam. It exists for 10 years now and it is still underdeveloped. No fast transactions, no real decentralization, total alienation from the masses (mining I mean). Bitcoin belongs to China now. China profits from Crypto by trading it, selling machines for mining it and mining it using their own machines, delivered at lowest price. It uses tons of electric power and the only thing it still does is piling up blocks on top of each-other for 10 years.

I'm in this forum, because I believe in decentralization and freedom of sending value over The Net. Because I remember the times when a bank wanted me to pay $80 so they can type a few numbers on a computer and send a few bytes to the other side of the world.

Yes, I'm mad at all scammers which are hanging like a huge parasite, sucking the flesh off the ripe fruit, called people's trust in crypto.

[albrots]

Many altcoins are alternatives to bitcoin as payment, such as Ethereum which is the number 2 valuable altcoin after bitcoin. Ethereum is widely used as a means of payment for goods and services. There are many more valuable altcoins that are used as payment. Not all crypto scams, some crypto have a purpose and are used on various platforms with different development.

[slaman29]

Sad to say but yeah, all of crypto is scam. Now I know 99.9% is the truth but apart from Bitcoin and a few established decentralized altcoins, anything made after 2016 is probably a scam run by people who only want to make money. So it's safer to assume everything is a scam, and work your way out of it from there.

Forget playing the gambling game of which coin will go boom. Just buy Bitcoin and wait, meanwhile use it as you please.

[the rise]

most crypto projects are only seen copying things to one another, and with the addition of something unique, they believe in their ideas to be immediately thrown in the form of marketing. Like companies, they only think about administration and project modules, but forget the others that are more complex, ultimately their projects cannot be maximized because there are no correct facts in their road maps, many periodic delays that occur and confuse many interested users, scam are the right words in the short term.

[goaldigger]

Many altcoins are alternatives to bitcoin as payment, such as Ethereum which is the number 2 valuable altcoin after bitcoin. Ethereum is widely used as a means of payment for goods and services. There are many more valuable altcoins that are used as payment. Not all crypto scams, some crypto have a purpose and are used on various platforms with different development.

Victims of many scams tend to act like this, they generalized the whole market and tagged as a scam which is not true for me. Yes they are scam projects, that didn’t value your time at all but you have to look at the market which already consist of so many options, so many top coins and good tokens. If you think crypto is a scam then you are closing the door for the abundant opportunities, i hope bitcoin can change the thought of the OP.

[danherbias07]

You nailed it. 
Unnecessary things are being told without any reason at all and no one looking at it. They know it.
Feed the unnecessary just so to look like they are updated.

Another think with the new one which IEO. They need an exchange where investors will buy the token.
What they do? They create the exchange. So where is the change? Still look like an ICO to me.

[Sexaphiliac]

Essentially I think all announcements work basically the same way,  get people to place bids/buy then dump the prices on on them and buy it back cheaply.  This cycle I have seen being repeated time and again. Even in the forex markets, this same sham is very present, using news and annnoucement as a means of manipulating prices to the disadvantage of the greedy and the uninformed. 

[alisonwonder]

You nailed it. 
Unnecessary things are being told without any reason at all and no one looking at it. They know it.
Feed the unnecessary just so to look like they are updated.

Another think with the new one which IEO. They need an exchange where investors will buy the token.
What they do? They create the exchange. So where is the change? Still look like an ICO to me.

IEO at least has certainty about large exchange like binance, but from the other side they are the same as ico, I think their movements will be better, but same as ICO. IEO is only good at the beginning of the launch, in the end they fall too.