Quote from: CryptoBry on November 01, 2019, 01:58:15 AM

Quote from: telexnetwork on October 31, 2019, 12:52:12 PM

why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet. what are your views

Our guy Satoshi Nakamoto did not make the blockchain technology and the Bitcoin to be the gateway where scams and frauds can easily go through. In fact, the blockchain technology can function as a way for frauds to be exposed, not to spread and perpetuate among the people. However, we could not stop people (the scammers and hackers) from taking advantage of the same technology for their own selfish interest and goals. Certainly, since the technology behind Bitcoin is open to all, it can be copied and modified to suit one's evil intention.

Now, we as a community are now all aware of this malady and it has come to be our responsibility to expose these scams if we found one and to report the same to the community, in fact we can use this forum for that purpose. Guys, if we are not careful with this problem affecting all of us there comes a time when there are only two things we can find in the marketplace: the fake ones and those Made in China (and many of them are fakes too).

It is now depending on us on how we cope with this blockchain projects that are frauds. Basically if there will be no supporters, they will not going to have a reason to continue what they are doing. We already know what bitcoin is capable of, we are already on it's 10th year and I am pretty sure that we already learned allot of lesson from it especially on how the blockchain works.

For me, I only support bitcoin at this moment, because altcoins in 2018 decrease my trust to them.