Bitbtc8 (OP)
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November 02, 2020, 07:06:43 AM |
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I know how to build token using smart contract like Ethereum, it's damn easy, website? That's easy too but why would I want to create a blockchain project? I have no reason to, I'm seeing some people who have low experience about crypto rushing to create their tokens for one reason sake, to make money, this is what I want newbies to know, it's damn easy to create a token so always remember that not all so called CEO and developers are really qualified personals, they have one intention and that's to grab your money. Watch out for yourselves and stop looking at developers as some kind of gods.
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lovesmayfamilis
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November 02, 2020, 07:39:58 AM |
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I think this tip is for very young beginners. For a couple of years now, the fame of fraudulent projects has been spreading faster than these projects have time to untwist. But you're right. Anyone who wants to invest their money in a project must draw certain conclusions before trusting anyone else. The biggest vice that hasty investors suffer from is greed. The promise of high-interest rates is a clear sign of a scam. First, ask a question about the uniqueness of the project, what can it bring to the market? Because there are many of the same ideas that have not achieved their goals.
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kidbounty
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HELENA
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November 02, 2020, 08:02:10 AM |
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and what's worse are those who don't really exist. many projects introduce team members who don't actually exist. they just take random photos and enter fake bio. all of this just to raise money from investors and then leave. last year there were many cases of scam projects like this one. Developers who do not meet the requirements are still not too bad, as long as they still have the skills that match what they want to develop, that's enough. over time they can explore the blockchain in more detail while developing their platform.
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Novatech8
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Sovryn - Brings DeFi to Bitcoin
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November 02, 2020, 08:23:56 AM |
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Lol, this is one reason why I'm always angry when I see posts about teaching newbies how to create tokens, that exposure will bring in more damages to crypto world, if everyone actually understands that it costs so little to create their own tokens they will do it for scamming purposes
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CuriousGeorge
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KUWA.ai
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November 02, 2020, 08:51:26 AM |
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I know how to build token using smart contract like Ethereum, it's damn easy, website? That's easy too but why would I want to create a blockchain project? I have no reason to, I'm seeing some people who have low experience about crypto rushing to create their tokens for one reason sake, to make money, this is what I want newbies to know, it's damn easy to create a token so always remember that not all so called CEO and developers are really qualified personals, they have one intention and that's to grab your money. Watch out for yourselves and stop looking at developers as some kind of gods.
That's why we must always be careful with it. It's too damn easy to issue a new ERC20 token. Those scammers can't build a proper product and they were only selling gimmick and clickbait to grab money from the markey. The newbies should learn more about how to determine that. We know that the newbies will also see that as intermediate skill while the fact that so many services that offered the creation for erc token or even ico website. Just try to take the legit project but this is quite difficult too.
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Yudhisthir
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www.Artemis.co
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November 02, 2020, 08:55:19 AM |
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There are very limited number of experts in blockchain based programming. Though it would be easier for javascript developers to learn solidity and other IDE but for as sensitive content as smart contract needs expertise to create as well to audit. Small ambiguous line of code could be exploited and could lead to a huge loss. But also we can't blame just the developers for the success or failure of the project. There are many other things that would determine it.
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Chuky92
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November 02, 2020, 09:26:12 AM |
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I know how to build token using smart contract like Ethereum, it's damn easy, website? That's easy too but why would I want to create a blockchain project? I have no reason to, I'm seeing some people who have low experience about crypto rushing to create their tokens for one reason sake, to make money, this is what I want newbies to know, it's damn easy to create a token so always remember that not all so called CEO and developers are really qualified personals, they have one intention and that's to grab your money. Watch out for yourselves and stop looking at developers as some kind of gods.
Thanks for this, and I think it is not just for newbies but for everyone, because there are still people who are drawn and attracted to hype projects because of the anticipated quick profits they will make without first asking themselves if the project is worth it. Yes, just like you rightly pointed out, to create a blockchain platform is one thing but having the knowledge to keep improving the platform is the main deal, and many developers lacks this. This is also the reason why, when most projects backed by hype tried and list on exchange, after a few pumps, the project will start dying, the team on the other hand will be mute and so on, thus meaning that, they have exhausted what they have in stock and the next is to abandon the project or exit scam. Also, one of the attributes that I think makes good developers stands out is, they are always eager to attend AMA thus showcasing their knowledge as well as showing what they have achieved over the years.
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Mighty_crypt
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November 02, 2020, 10:00:37 AM |
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High quality projects will always be of high quality, probably because of the team, I could remember Avalanche, the project team used ICO and raised big fund in no time, why majority of people invested on this project is because of the experience of the teams, they are all blockchain experts since many years back. We need to be sure what the team of a project are capable of before entrusting them with our money
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Josefjix
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yes
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November 02, 2020, 10:55:08 AM |
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The success of a particular project isn't just about the a developer or an array of developers that wrote a code to make the token a known one. Sometimes when the team fails to bring out the written roadmap and implement them. Running a blockchain project ain't easy as most newbies see it. You did awesome by reviewing this to us.
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Ryushin
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November 02, 2020, 01:57:09 PM |
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Well I've seen to many types of developers in crypto space but the most annoying ones are those that pretend to be crypto experts but still end up on useless or scam exchanges like p2pb2b, blockchain is still very new so try to understand that 90% of developers aren't into blockchain technology before, many of them are just taking it's advantage
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Akiko
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November 02, 2020, 02:03:47 PM |
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I know how to build token using smart contract like Ethereum, it's damn easy, website? That's easy too but why would I want to create a blockchain project? I have no reason to, I'm seeing some people who have low experience about crypto rushing to create their tokens for one reason sake, to make money, this is what I want newbies to know, it's damn easy to create a token so always remember that not all so called CEO and developers are really qualified personals, they have one intention and that's to grab your money. Watch out for yourselves and stop looking at developers as some kind of gods.
People thinking once you make your own tokens you can get money out of it and that's most of developers do by now creating a tokens and then sell it.as if it has a real value and use cases . This is also the reason why we have many scam project always come out because it's easy to build and using anonymous team will make them easily to runs people money. Investors now need to learn before investing .do background check of the developer if he is really capable to do what is in the white paper or if is capable to make a business here in crypto industry not because he just want it.
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Princejebs
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November 02, 2020, 03:18:07 PM |
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Well I've seen to many types of developers in crypto space but the most annoying ones are those that pretend to be crypto experts but still end up on useless or scam exchanges like p2pb2b, blockchain is still very new so try to understand that 90% of developers aren't into blockchain technology before, many of them are just taking it's advantage
I thought I was the only one who dislike such projects who listed tokens on such shady exchanges. There are many of them with no significant volume accompanied by BOTs activity. Here are some of those exchanges with stupid weekly Initial exchange offering: - Vindax exchange.
- Latoken exchange.
- Probit is not excluded, volume are huge at first but as time goes, price becomes worthless. In short, since I have been on this forum, I have never seen a successful project on probit. Price are always below ICO or IEO.
- Finebox.
So many of them. Now, I ponder who keep buying this shits
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gaston castano
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November 02, 2020, 04:23:10 PM |
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I didn't see them as gods or boasting about a project for a long time. I just looked at the possibilities that were generated at the start and made a profit from it. make no mistake not only developers who want money, even investors and bounty hunters also want it.
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Samayuki
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November 02, 2020, 04:25:58 PM |
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Just make your money off new projects and divert the money into strong top coins on coinmarketcap, I won't dare fall in love with a new project even if the teams are gods alike lol, I prefer taking my profits and toping up my bitcoin and ethereum wallet.
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SquallLeonhart
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November 02, 2020, 04:55:58 PM |
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Unfortunately it is not about expertise or it is not even about how hard or easy it is neither. The only thing these people care about is money and they build something simple and could be found on stackoverflow just so they could get the money for it.
I have seen people creating defi projects for 100 dollars, literally just 100 dollars and they have this working code that is done and they just change the names and all and if there is anything you want changed and they give it to you but they basically change the name and sell the exact same thing to next guy as well. Which is why it is not about being able to write the code of it or not, it is about being expert at it, anyone can get a new defi project if they want to, but it will be horrible and it would be cheap and it will suck.
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jossiel
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November 02, 2020, 05:11:32 PM |
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Yes, it's their main intention from the beginning. There were some people asking if they should create a token and the reason is just they want to and they see that it's profitable as it seems there's no responsible that's attached to it.
They are called as the developers because they have developed the token at the beginning. But once it gets more popular and it has taken a lot of investors, that will be the time for them to turn into a shade. Not all projects are like this but many are becoming one.
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