Quote from: sobre89 on September 01, 2017, 11:44:29 AM

Quote from: NostradamusJones on September 01, 2017, 03:01:19 AM

You sure seem awfully knowledgeable for a newbie with 5 posts. I'm not saying you're wrong, but why are you hiding? Not on anyone's side, just curious.

Forum rank in not indicative of anything, I'm a lurker that does their due diligence on ICO's from time to time (you'll probably notice that from my post history). I'm also quite new to the crypto scene having only been looking at it since start of 2017 (not so much on these forums). There are a lot of other scam ICOs out there, most people mention these already (Substratum for one).

I had a quick look again and noticed something suspicious yet again...

https://etherscan.io/address/0xb910dF6dA0d82366b9C453780e2F954528120c44

Have a look at the top contribution for 0.051 Ether (https://etherscan.io/address/0x203ee4c8ad8337ef195021c802438cc5d0830a17) - someone explain why someone would contribute when the bonus was 25% (according to https://detectortoken.com/ico/) and then again when it was 10%?

Nothing adds up here, the same pattern here: https://etherscan.io/address/0x543e113e7de94887ae95d7eef272e67ded31a673

I'm fairly convinced that they're contributing to their own ICO to make it seem they raised so much.

Anyhow, all that aside, it seems their token cap is 10 million, which by their conversion makes to be 14285.714286 ETH. Let's round that to 13000 ETH to account for bonuses and what not.

13000 ETH with today's rate is $4.94 million dollars, for what exactly? A script that takes some exchange data, performs some calculation and sends a response? At most it would be valued at $1000 to $5000 from any sensible developer. $5 million is just laughable really. Not blaming these guys, every ICO is doing and why not? Easiest money they'll make and they're set for a lifetime of luxury without having to step a foot to work ever again.

There are only a very small handful of ICOs needing anywhere near a million or more in funding, the majority is just buzz words to get your money. Why do you think DetectorToken is constantly posting with 'HUGE NEWS' and not mentioning what it is? You've guessed it. To get you to contribute more into their pockets.

Before you think I'm targeting DetectorToken, have a look at my post history for a token called TribeToken which were raising millions in the name of charity with a whitepaper that actually talked about their ICO structure exclusively.

Regarding additional donations from the same address, that could just be a person deciding they want to commit more funds. Of course, if there is a lot of this happening, then that is fishy. I need to learn how to research transactions for information. You seem to have a good handle on it.

It takes people with a great deal of knowledge, education, and intellect to write an effective algorithm (pointing out the obvious probably). From what I understand, airlines pay tens of millions for algorithms that calculate the most efficient and serviceable schedules. Five million sounds reasonable to me.

That being said, there is no idea that is above criticism. I need to learn how to do better due diligence, as do a lot of our peers. I sold my beloved Mustang in July when that mini crash happened. Things have been going very well, but I need to learn more. I appreciate your insights.

Nice to meet you, cheers.