Post
Topic
Board Economics
Re: What is the problem of trust in projects?
by
warriorcryptobar
on 09/10/2018, 21:24:22 UTC
There isn't a lot of due diligence in terms of team and process. The majority of review websites are paid to give the best points. Most investors or enthusiasts are more interested in the name than what it can do because frankly its not ready to be placed into every individuals pocket tomorrow.
Crypto as a whole. The teams are thought to be CEO of a ship that might be sinking, and we have seen project after project pump and dump or abandon ship. Some even moving onto their 6th project. Teams are trying more and more to find like minded schemers, parting man from coin, rather than changing an environment thats not needing their solution for more than a week.  No one commits to their projects because of how this will inevitably go. Everyone will use ONE or TWO products for so much of the money being raised that I don't understand how so many projects missed the boat in concept stage. When multinational conglomerates stay they are working on secretive blockchain projects while the richest in the world are stating it is not what you think, there is a real façade of how this is going to play out.
 All things hinge on Crypto Exchange Traded Funds, and then smart money will come in and fund what needs to happen in a regulated environment. Mass Adoption might as well be considered stalled for the first world countries. Thats how I see it anyway. A few infrastructures have to get through, but other than that, this is startup exuberance leading. Love the atmosphere, though its getting a bit old pushing all this niche sector stuff thats going to raise one million dollars and get walked on by a major in a day.