Post
Topic
Board Altcoin Discussion
Re: Projects are abusing blockchain technology.
by
SabrinaBianka
on 07/11/2018, 14:20:02 UTC
I have been just in the crypto world for 5 months. I have tried to learn about blockchain, bitcoin, altcoins,... and I realize that blockchain is being abused.

Many projects are launched with the ideas of using blockchain. But actually, blockchain is not necessary to implement their projects. It just seems to follow the trend of tokenization. And their tokens are utility tokens, real "utility", which are utilized to raise their funds. There is no reality application of blockchain. I think everything will be good if it is enough. Will blockchain become worst if they continuely abuse it?

What do you think about this problem?
Some of people used blockchain because they promised to be a very transparent project in the world. And If its also very "utility" that was also the best. And I saw a lot of people always used blockchain to only attract people because they said "Our platform is very transparent to everyone" So if a project are only scam. Of course they can take advantage using blockchain and good sales talk. Because blockchain is a open ledger that can see all the transaction and never been change anymore once it recorded into the blockchain.