Quote from: Pinkris128 on October 12, 2019, 09:24:14 PM

Quote from: Kecipir on August 25, 2019, 08:55:37 PM

that in the past ICO projects performed very well if they used ERC20 tokens or projects built on established platforms. because it has the potential to grow well and reduce risk when compared to creating new technology. but now on the contrary I don't see ICO functioning properly even though it's built on an existing platform like ERC20.
I will not blame the platform because the platform has been built in such a way, but I will blame the developer, Why? because most developers have misused this for crypto schemes to get rich and most project failures are based on the background of developers who do not have extensive knowledge and deliberately tarnish the ICO project's bad image.

They have sacrificed the reputation of the industry just for money. It really makes me mad to think that there are some people in this industry that only cares about the profit and not the improvement of the crypto industry. Developers are here to create something new, unique, and useful. Yet, most of the new ones I see are just mere copy cats of the older ones. But I still hope that we will able to find new and real projects to promote and use for the betterment of the industry.

That's to be expected, there's always some people that have bad intention in every field of industry and that include crypto. It's all depends on the people who hold their money at the end of the day. If you compare to IPO it's actually no different, so many fake company is making IPO and exit scam after the funding then the stock will lost its value. These kind of people are cancer of the world but what we can do is just preventing ourselves from being scammed because we can't eliminate them completely because they are simply everywhere.