You are viewing a single comment's thread from:

RE: SECURITY TOKENS: EVOLUTION FROM ICOS

in #sto6 years ago

I liked your article too much, and well I'm not an expert in the blockchain's safety model, but if it's to stop the abuse it would be recommended.

It is really sad that animals because no people can be told try to cheat with great white books and investors make theirs, and be deceived in a possible way.

But my question is how to detect a fraud?

Sort:  

Well most times you simply have to apply the rule of thumb - If it sounds too good to be true, it probably is

Some projects don't even bother to write up a decent whitepaper.

Also, for those that do write, it is imperative that investors read and understand the concepts well. This will help them to make informed decisions.

It's always good to ask questions. That way you can know if the team is serious or lying.

I understand how the investors are the hunters and the projects are the prey, but sometimes the roles are reversed

Dear @ulqu3 , @memes777

If it sounds too good to be true, it probably is

This is obviously great way to raise red flags. But nothing will replace doing some research. We're already creating strong community related to crypto so asking people from this community about their view could always help to make decision.

Cheers guys
Piotr