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Author Topic: Can whitepaper still shows the weakness of a project and their team  (Read 854 times)
KiaKia (OP)
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September 26, 2022, 05:06:05 PM
Merited by hugeblack (4), Takyeon (1), Trx3 (1)
 #1

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.
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September 26, 2022, 05:14:18 PM
 #2

If they can't even be bothered to write their own whitepaper then it might be an indication they're not in it much but I don't think it's a red flag.

A lot of projects copy others' utilities and just do it under a different team - especially bigger projects that want to sell their skills further or revive the price of their token/currency for their investors. If you've got a better way of determining if a team is good (except a whitepaper - such as functional or well written code) that might be enough to invest in a project.
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September 26, 2022, 06:14:33 PM
 #3

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?
What's a big project? If a project has no real value and only uses hype to attract investors, it's still a sham and newbies should avoid it
If a project has tried out a certain utility successfully, why copy their framework, and if they did it unsuccessfully, why copy a failed project?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.
A whitepaper is meant to give all information regarding a particular project, a team should have the originality to create their own design, and if the can't, they should be avoided.

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September 26, 2022, 06:27:41 PM
 #4

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.

People were just used to this stupid stuff called plagiarism, why will they copy others work without coming out with thier own idea of something new, as for me i will rather assume a higher percentage on those kinds of project as scam, and you need to know how you research upon their kinds because they know how to hype and manipulate reviews, if they can do that with their whitepaper then nothing being whiite or transparent again about them than manipulating skills, they can go to any length in doing that using different methods.


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September 27, 2022, 05:23:56 AM
 #5

If the idea is copied, and it also happens that team members are copied, or fake photos are added to team photos, to which the organizers later explain that fake photos are for privacy, all this suggests that this is a scam. 
At the same time, copying, and even a partial change, speak only of the impending scam. It happened many times. To collect money from future investors, scammers do not disdain anything, add strangers to the team, and copy other people's ideas.

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September 27, 2022, 06:59:04 AM
 #6

Today there are many "impromptu developers" who don't even know how to describe what they're building. A common reason is that they hire WP writers, that's after they've been caught plagiarizing.
I can't remember the last time I checked the WP of a project, but I think my time was too valuable to study the current projects that are on average no improvement over existing projects. Let's just say it's all a scam.

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September 27, 2022, 07:54:19 AM
 #7

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.
Actually copying concept or idea from others are allowed or let say playsafe cause most projects didnt have different agenda from one another, what is wrong is the lazyness to copy word for word and in every rules its prohibited and subject to a crime.

Plagiarism is a serious offense and once you do it here on forum there are corresponding sanction.

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September 27, 2022, 08:10:43 AM
 #8

Alright please mention the big projects that copying other project whitepaper you've above.

When there's a project which have a goal to make a decentralized currency and doesn't need a third party, why it's needed to create another project to create decentralized currency and doesn't need a third party in the first place? Of course the project only want to make a project that's really successful and the goal is to get money.

I'd say any fork or copycat projects are scam.
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September 27, 2022, 08:55:18 AM
 #9

The red flag one could actually find out from a project's white paper is, if  the project promises to solve a particular technical problem of other projects that ideally does not need any solution then there is every tendency that the project will fail.

Price and Allocation of Token : if the project's market cap is very high after token supply and pricing then that projects looks suspicious because ideally it is best to have low token supply.

Roadmap: one should should look strictly into the technical development of a coin. Most important info should be about the mainnet. If its delivery is promised with few months without the development starting long before the ICO then its a suspicious project

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September 27, 2022, 09:36:53 AM
 #10

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.

You got one thing wrong, plagiarism is not an undesirable behaviour among newbies. this applies to everyone, regardless of experience. I don't mean only this forum. that is not desirable in any industry, why would it be acceptable in crypto?
even if the idea is very similar to an existing business, it can always be made to be unique with an emphasis on the improvements it offers. if someone can't even put in that much effort, I would say that the whole team deserves a red flag.

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September 27, 2022, 09:48:48 AM
 #11

Some scam project still copy other project whitepaper because this the hardest part of the project if they will do it genuinely for just the sake of scamming people. Investors rarely investigate for a possible plagiarism which is why scammer still not being cautious about this. They sometimes just use some rephrasing app to dodge plagiarism detector appbut a serious investigator will surely spot the similarities if he is familiar with other project whitepaper.

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September 27, 2022, 10:16:18 AM
 #12

If a "big project" does copy a whitepaper, then stay away regardless if it's big or not lmao. A project being "big" and having a lot of publicity doesn't automatically make it a legitimate/viable project.

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September 27, 2022, 10:22:33 AM
 #13

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.

Actually yes since if they cannot give any detail explanation towards where there project heading in the future then maybe we can conclude that the owner of the project just want to rush things and plan to scam people. Because they will not give any trash contents to their investors if they are serious on their created products and its roadmap.

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September 27, 2022, 10:53:50 AM
 #14

For newbies is a copied whitepaper still a red flag for projects?
One of biggest red flag because it's plagiarism and why team members do this?

Because they don't have ability to write their own white paper, own concept and do you think they will build good products?

It can be because they are lack of resources for writing a good whitepaper. It means their team are very thin and probably weak, incapable.

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I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?
Heard?

Could you give me examples of big projects you heard like that, please.

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What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.
If you find plagiarism in a Whitepaper, you should not invest in that new project. There are many projects that have years here and you will be safer to invest into old projects.

R


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September 27, 2022, 01:21:00 PM
 #15

Yeah, you're right OP. Scammers do a copy from successful projects and use this for their project making to believe that they can trick people and yes, many investors got it because they are lazy to read the whitepaper and that was the truth, only a few bothered themselves and spend time reading it. But, those critics make use of this to detect projects that are less potential and close to scams. Grammars and spelling are one of the common things to be found to an unreliable projects.
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September 27, 2022, 01:42:22 PM
 #16

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.
How come both the projects have the same idea realisation until they are one? Suppose two projects are working towards a common goal but their way of working should be different from others otherwise which one you will choose? The proof of concept is your own and if it's original it can never be same so it's definitely a red flag for those projects.

You can have some references from others while framing one of your own white paper if you don't have idea about it but as you say copy paste then what's the advantage of those projects who can't clearly conceptualize their own idea and framework? So have some other options.

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September 27, 2022, 02:36:24 PM
 #17

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.

To evaluate a project, you need to consider many factors, not just the whitepaper but once you have plagiarized, stealing other people's ideas is no longer believable. Even the whitepaper they can't create, they certainly don't intend to develop the project seriously. You should stay away from them without further consideration.

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September 27, 2022, 02:55:05 PM
 #18

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.
The whitepaper of projects that have the same essence shows that the project does not have its own characteristics. Because the whitepaper is a reference for investors regarding the objectives and functions to achieve the program, so when investors are interested in the project because there are things that distinguish it from other projects. Well, this is where the original value of a project can be seen from the whitepaper. No wonder there are so many projects that copy whitepapers from other projects the results don't last long. My suggestion is that the project should have an advantage that distinguishes it from the others even if it is only 1% difference, it will still be a reference for others to be interested in.

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September 27, 2022, 03:03:00 PM
 #19

For newbies is a copied whitepaper still a red flag for projects? I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?

What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.
It is an indication that the project will be a failure. If the white paper is weak, the project has nothing new to offer.
On the other hand, a well-written white paper does not mean that the project is successful or that it will achieve many profits.
In general, it is considered one of the indicators in addition to various factors.
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September 27, 2022, 03:20:06 PM
 #20

It is an indication that the project will be a failure. If the white paper is weak, the project has nothing new to offer.
Whitepaper is a tip of iceberg. If a tip is bad, others should be bad too.

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On the other hand, a well-written white paper does not mean that the project is successful or that it will achieve many profits.
However if a tip is good, it is not enough to conclude others are good too.

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In general, it is considered one of the indicators in addition to various factors.
True. Investors must need and use more indicators to assess a project. One of them is token distribution. Is it fair distribution? Is the token controlled by a few whale wallets?

It should be signal to consider about scam, rug pull and potential dumps on market later.
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