Just need to use common sense.
That is not sufficient. As has already been explained by myself above and @kkofor, but you are not addressing my point that most investors are incapable of accurately judging the difference between slick presentation and actually sound technology.
Another smell test are ICOs which make claims which are not objectively provable material facts. They obviously do not care that they are stating claims about the future which they can not be sure of (which is also an illegal activity if the ICO is issued as a security, as is nearly always the case).
99% of ICOs will fail these smell tests, because just as in the Dot.com bubble and bust, 99% of them will be entirely useless other than to FOMOiate a bubble of selling empty bags to greater fools.
biggest problem with this community; people have lost the real point to, and potential of having a true p2p currency.
whats the point in creating an alternative to the worlds greedy bankers' fiat if we ourselves become the greedy bankers.
whats the point in creating an alternative to the worlds greedy bankers' fiat if we ourselves become the greedy bankers.
As stated in the title, what do you think is the biggest problem in the Crypto Community?
Greed.
Nailed it. Most of the new people comming into crypto don't even care about the tech and don't try to help getting this gamechanging software foreward. They only care about profits. That's why we have so many panic sellers. All they think of is how to get rich over night. We need more passion again.
