Again, we have to put these facts and numbers
into perspective:
Criterias on which the researchers determined
if an ICO is a scam or not must be discussed.
For example, evaluating if an ICO is a scam ba-
sed on the evolution of Twitter followers or on
the number/intensity of tweets and consider
it as sign of life, as in the “Digital Tulips? “Re-
turns to Investors in Initial Coin Offerings”,
a study by Boston College, is not enough and
can be a false indicator. In my opinion, it is not
a good approach.
In fact, as investors, we don’t ask ICO teams to
spend their time on social media. We ask them
to develop their project, deliver their promise
expressed in their whitepaper, line code after
line of code, in total transparency, take care
about money allocation, security, scalability,
privacy, regulations like GDPR and so on. And
all of it in respect to the initial roadmap. So-
metimes it takes time. More than estimated.
It doesn’t mean necessarily that the project is
dead.
To be listed on a crypto exchange is not the fi-
nal goal! The final goal is to launch the pro-
duct, get clients/users and to be profitable/
sustainable.
As simple as that.
Sure we will see scams, again and again.
Sure we will have to sort out the sources of in-
formation, to be able to get out from the fog
created by bullish/bearish/fake/scam news
makers, again and again.
Sure we will see false, paid and corrupted ICO-
’s rating as on most of ICO rating-list websites,
again and again.
Sure a lot of people will act, sell, buy, in function
of all these influential players, believing in all this
unfair, or at least non-transparent, information,
again and again.
That’s it, human behaviour.
Despite all this, and one more
time, I have to repeat: this in-
novation is resilient! Further-
more, by extension, even by
contamination, its communi-
ty is resilient too. I have the
conviction that the communi-
ty will find a way to expurgate
some of these disturbing fac-
tors or at least will be able to
propose alternatives.
A lot of people don’t care
about these issues, knowing
that in the short term the-
re is more probability to win
than to lose, so they play ball
with these scams, manipula-
te news, and corrupt opinion.
That’s the speculative and
blind perspective.
It’s a choice. A possible cho-
ice.
For sure, they can.
That’s it. It’s part of human
behaviour.
We can complain about it.
We can complain about the
prices, about the volatility,
we can complain about the
scams, we can complain abo-
ut cartels and manipulation.
Yes, we can complain.
But it has no sense. It doesn’t
change anything!
The only way to change things
is to act.
So let’s act!
Let’s act and contribute to a
more ethical, a more trusta-
ble, a more transparent com-
munity.
Welcome on board...
Manifesto
by