An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be.
He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be.
I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.
What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.
no white paper is meaningless i mean if you want to write a complicated and detailed white paper,
thats no problem for an engineer that studied on a university.
even less of a problem for mutliple engineers.
the success of an ico depends not just on the leadership but also on the support from the society. and the obtainability of ressources. as icos are in a zero sum game over obtainable and useable ressources.