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Author Topic: A more scientific mindset is necessary to avoid scams.  (Read 495 times)
savetheFORUM
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November 06, 2023, 05:42:22 AM
 #61

most people are either too uneducated or too lazy to read the research or even to figure out which research they should read or not.
Well, I somehow agree with what you said, because I know and understand that a lot of people don't do proper research before they get involved with a cryptocurrency project financially. They don't even bother checking their websites or reading their whitepapers properly, all they care about is the price of the coin and the hype that they are creating on social media or through other promotional channels available on the internet which shouldn't be the only metric to think that a project is worth the investments being made in it.

However, I also don't think that investors or users should get into too many technical and scientific details about the project but they should at least thoroughly evaluate the project, the team behind it, the purpose of creating the project, and how much of a difference that will make for the community, etc.
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November 06, 2023, 04:02:58 PM
 #62

However, I also don't think that investors or users should get into too many technical and scientific details about the project but they should at least thoroughly evaluate the project, the team behind it, the purpose of creating the project, and how much of a difference that will make for the community, etc.
-The problem is that the investors are unwilling to go into much of any scientific details of the project because they are lazy and know nothing about anything. They are also too arrogant to ask any questions about the project. Because of their arrogance and heinous superiority complexes, they hate the good projects because the good projects for really dumb reasons. These people are the worst of the worst.

-Joseph Van Name Ph.D.
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November 06, 2023, 11:59:27 PM
 #63

However, I also don't think that investors or users should get into too many technical and scientific details about the project but they should at least thoroughly evaluate the project, the team behind it, the purpose of creating the project, and how much of a difference that will make for the community, etc.
-The problem is that the investors are unwilling to go into much of any scientific details of the project because they are lazy and know nothing about anything. They are also too arrogant to ask any questions about the project. Because of their arrogance and heinous superiority complexes, they hate the good projects because the good projects for really dumb reasons. These people are the worst of the worst.

-Joseph Van Name Ph.D.

The reality is most people are after for quick profits in this market, hence, they overlook valuable projects.
Also, they may be tired of seeing those comprehensive papers because as people have seen throughout the years, it is not an assurance that the project will pull it off.
A lot of good projects have been shelved because of lack of funding or weak marketing, hence, the team can't make the project survive.
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November 07, 2023, 12:52:29 AM
 #64

We don't need to have a scientific mindset to see if that project is a scam because it seems easy to spot this if you are not a greedy person.
 - they offer instant and big rewards
 - they promise things that are impossible

If we really have them in our minds, I don't think we fall into them. Unfortunately, most of us easily give trust and grab the offer from these scammers. Of course, they'll do everything to catch greedy people, and sad to say they usually win and take away the money of their victims.
remember that the coins that can turning out to be scam aren't those that overpromising, remember scammers are getting smarted by the days, there are many projects that offer something plausible but still turning out to be scam anyway, thats because the scammer know that overpromising will only lead to suspicion of being a scam project.
even there are many coins that have established hundred of millions of market capitalization turning out to be scam, remember the cause of the current bearish?
thats why aside from knowing that overpromising is such a huge redflag, we should also have the scientific mindset to always know if there's something going on with the coin that we invested in.
because usually those that too trusting in a coin they invested are the one that gonna lose it all if the prospect of their coin went south.

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