Quote from: Boxxl on May 18, 2018, 10:52:21 AM

Quote from: Sonajin_Coin on May 18, 2018, 07:03:11 AM

I've been burnt so many times by good sounding projects that I haven't invested for a long time at least in any ERC20s (which are 99% scams/worthless to me or as valuable as stock options after the dot bomb crash). Innovation is definitely great but only as great and honest as the team behind it is in my opinion. Now my mission is to create a cryptocurrency that just works properly and that solves the current issues.

I am very passionate about blockchain and want to help create an ecosystem that solves the current problems and helps others and the whole industry thrive while still working with the existing coins.

Cheers!

So you lost money on projects with the wrong team or ideas? And now you want to create your own cryptocurrency Huh

I'm thinking about some quote I saw:
WRONG = Blockchain > Which problem can we solve?
GOOD = Problem > Can we use blockchain?

I think you need to really understand the project begint the blockchain. What does it solve?
If it solve a real problem and it is really better then a centralized system.. it is possible you get profit.

But don't think it will be a Uber or AirBNB.. You need much more then a good idea.
Which projects did you choose?

Hey Boxxl sorry for not being clear. I don't wish to bash the projects on here that I think have been a bad investment or outright scams. Of course you can't expect a huge return over night but what I'm talking about are overseas scammers who deceive the investors and never deliver or never intend to but put on the facade that they will and then suddenly the team disappears or doesn't provide updates. There are so many scams in the cryptocurrency world from currencies to ICOs that we've become fed up so to speak. Even teams and ideas that appear legitimate are often not. I'd go as far as to say that 99% of ICOs are essentially scams and will not succeed and haven't succeeded.

As far as the cryptocurrency goes we feel that no single coin addresses the all encompassing needs of end users and business in one so we're here to solve that problem. The ICO problem is really not solvable unless the SEC does it for Ethereum (which they may).

We're here to fix the problems in the industry and create a stable ecosystem for the future.

How about yourself? Are you the COTI owner or on the team? I do think they've run their ICO fairly well but only time will tell which teams deliver.