Will Steemit become the ultimate platform to announce and discuss future ICO's without the fear of manipulation?

in #immunity4 years ago (edited)

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While checking out some subreddits and lurking for newsworthy content for Alt-News #10, I noticed this thread talking about an ICO called ParagonCoin which I had first noticed on coinmarketcap.com a week ago.

Here is a video about it with rapper "The Game" and CEO Jessica Versteeg.

PS. Come on, its 2017, who still records videos vertically?

It first off got my attention cause the famous rapper The Game was involved and it was about the marijuana industry. Seemed like a good idea I thought, I got quickly turned off though when I noticed they wanted a minimum of $25k initial investment for the first bonus of the ICO so I kinda forgot about it and didn't even bother reading the whitepaper. I'll just buy some later on an exchange I thought.

I have talked about the censorship and gaming of posts and votes on Reddit before, especially the heavy censorship on r/bitcoin, but I wouldn't be surprised if it happens on other subreddits as well. Since most of alts are currently booming there will be those faking these numbers for their own monetary gain and there's been a huge amount of red flags lately about this ICO called Paragoncoin.

Reading the posts warning people about it I just want to acknowledge that it can go both ways, it could either be the founders gaming Reddit for their ICO or others gaming their posts for ransom or other things. (There had been some discussions coming from the Founders saying they have been threatened to keep gaming their posts and AMA (Ask me anything) for a ransom payment). That could of course also just be made up for self-defense, who knows.

Something that would really help this case would be a platform where all activity on these posts would be on a public blockchain so everyone could look for themselves to determine its legitimacy.

Here is a video of vote brigading going on. What this means is that someone made a post warning investors about their ICO and they have paid services and people to use an army of accounts to go ahead and silence that post. There is so far no more information from Reddit moderators what exactly has happened here but the moderators of the subreddit r/cryptocurrency have stickied the post I linked in the beginning of this article to make others aware to be careful.

I re-recorded this from the original thread since it was uploaded to TheDailyMotion which is not embeddable on Steemit.

So without taking sides here, who knows if the user who recorded the downvotes wasn't the one buying those downvotes in the first place to create all this fake accusations against ParagonCoin. I just wanna show the Steemit Community how obsolete Reddit has become as a platform for open discussions, especially when there is money involved.

Reddit is really big and the moderators actively monitoring these fake votes can't be everywhere, especially not on smaller subreddits like their own r/paragoncoin or r/cryptocurrency. Not even moderators of subreddits can check these voting activities and determine if they are real or fake and apparently it doesn't cost a lot to buy these clicks from websites offering the services which can make anything appear real when its fake or fake when its real.

On Steem we can check all activities, though.

Here if we suspect something shady happening anyone and everyone can go through the blockexplorer and check who is trying to manipulate flags from votes and check on their history to determine if something shady is going on and get to the truth and I believe with time and adoption more and more people who legitimately want to start new businesses and ICO's will want to use our platform to prove that they have nothing to hide and at the same time are protected by the blockchain from fake accounts trying to silence them or trying to make them look suspicious.


I think you make a good point ☝️ When I make searches on google for certain important topics I also add steemit as a keywords because I feel this information will be more trustworthy and unbiased !Good posts and I agree steemit is a good platform to discuss ICO

One of Steemit's greatest qualities as a matter of fact!

The openness on here is a total breath of fresh air, and even the totally public wallet transactions will help prevent future fraud as well.

All one would have to do is hangout on Reddit for just a day, to see all the corruption and manipulation that goes on there. One of the most recent examples of which I was involved in personally, was a silence attempt from the fan boys of Neo (ain't so fan boyish now though) and IOTA.

That's a great idea. I've found that google is pretty good at finding older Steemit posts!

Sensational @acidyo!! This is a very important point you've made,

I just wanna show the Steemit Community how obsolete Reddit has become as a platform for open discussions, especially when there is money involved.

I don't take ANY Crypto Company seriously if they're NOT on SteemIt. Seems pretty lame to be a Blockchain company and NOT use a functioning Crypto like Steem to produce your companies important announcements.

I'll tell you of ONE Blockchain company that I don't take seriously, because they refuse to use the Steem blockchain for proper documentation of their company's workings. Any idea?
Yea... SteemIt Inc. www.steemit.com/@steemit has ONE Stupid post from over a year ago and since then, nothing... You would think these guys could use their own platform for PR alone but no; they're a bunch of Hack Pre-miners that expect others to use their service while they sit back and do very little... kind of shady if you ask me. But I will use Steem for it's obvious Utility even if it's inventors don't.

Thank you and SteemON!

@steemitdev has 4 posts... so are you being serious?

@steemitblog says it has just over 100 posts in over a year. This too is a paltry amount.

Steemit is a sensation, but the Devs and the people in charge of marketing have done a sensationally POOR job overall. Then there is that whole thing about Pre-Mining a bunch of the Steem for these same people who ought to be providing much more, thanks to the millions of $$ they made by Gaming the entire platform... but I digress.

Read the posts on the accounts that @teamsteem linked to. I'm personally glad they have stopped using centralized platforms to discuss their roadmaps and future plans about the platform. It will be only a matter of time until more companies and projects will start using the steem blockchain for it, such as @sportspodium.

I would like to see it happening here in Steemit. I should launch my coins here :)
https://yehey.com/token/ Where to start?

Follow me @Yehey
Thank you

Yeah, it definitely is, man. I've looked up a lot of formatting posts and some other stuff from almost a year ago with ease so long as I put steemit as a keyword with the rest of it.

Thank you ! Yea it really is, and depending on who has commented on the post I can get a feeling of the legitimacy of the post- steemit is good and transparent this way like you mention in the post .

I think Steemit will definitely become THE platform. Just like bitcoin will become THE currency.

yeah ! steemit is better than reddit for sure

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hey ! iam also new to this

how is your experience with steemit?

Yes your new so I will inform you that copy pasting irrelevant links for follows and votes will not get you success here. Also I would bet that profile photo is not you and will just make you look even more shady.
Try contributing something to the subject or writing your own posts about what you have to offer.
Best Regards~*~

I'm not really sure why people interested in Crypto are using Reddit over Steemit anyway. It can only really because it has such a large user base but many of them may end up over here once they get sick of the censorship and realise they can actually earn a little crypto for posting here instead

Posts like this one need some serious discussion, consideration and implementation. It would be nice to have all the cryptocurrency related news and information on Steemit because it is decentralized and transparent.

Quite relevant to this post is the censorship going on over reddit where a censorship detection bot has been censured itself. The news speaks volumes of the need to shift to transparent networks. Steemit is that place.

About ICOs and Steemit, in my eary days on Steemit, I could see much information about the EOS ICO and also that of Civic ICO. There were complete how-to guides posted as well. So yes, Steemit is already a source of credible info. Tag system on Steemit can work better than the subreddit system on reddit because nobody 'owns' any tag here.

Wonderful post. That's the way forward for ICOs I think. Steemit should come in to use of ICOs more and more.

Steemit will absloutely be the platform to ICOs as ou predict because of our transparency(everything is visible to everyone).
This point you says it all.

Here if we suspect something shady happening anyone and everyone can go through the blockexplorer and check who is trying to manipulate flags from votes and check on their history to determine if something shady is going on and get to the truth

Agreed! This is a very important point as well,

I just wanna show the Steemit Community how obsolete Reddit has become as a platform for open discussions, especially when there is money involved.

In the crypto world is happening everything that has happened on the stock market before. A new opportunity to manipulate the masses in favor of their own profit. Sad but it just goes so well for powerful people

Yeah, but they don't even need to be that powerful. I made a post once where a Redditor had gotten himself 13k upvotes and on top of r/videos for "not even that much money" as he stated.

True, with today's technology it's a lot simpler than before for those who know how things work

Agreed, except for the distributed aspects. It's no longer in the hands of just a few...

I really think your prediction will be reality soon mate! Steemit is the only place I know that you have complete freedom to share your views and discuss anything you want as long as you are not a scammer/spammer.
I really hope this become true as soon as possible as this will really help further more in growing steemit.

Yes, I truly believe in that. Just like Bitcoin when they first introduced to the masses, most people ignore it. But now, the value has risen and continually rising.

In the crypto world is happening everything that has happened on the stock market before. A new opportunity to manipulate the masses in favor of their own profit. Sad but it just goes so well for powerful people

Paragon is already a very popular moba made by epic games so the name needs to change...

Haha, I've played that and I thought the same when I heard about it. :D

Hej, I am a new joiner. Lets be friend in Steemit.


Your vote is always welcome.

Please don't spam, you will quickly get flagged and lose your reputation if you keep on doing that.

Agreed - usually pics of yourself or designs your own creations for your avatar will naturally be more attracted to what you have to say

To @acidyo - Sidebet of 1SBD - @pksam9 is a dude with a beard... Just a hunch - I try not to ever assume but my gut is rarely wrong lol

Very well written and discussed bipartisanly (is that a word?) I think you have many valid points for the validity of posting about ICO's especially on STEEMIT as opposed to sites where votes/likes can be purchased or created yourself for very little cost, time and effort - The Video with "The Game" is interesting to say the least - lol - $25k for the first bonus - They certainly were shooting for the moon aye? Maybe they inadvertently had forgotten a few 0's - like 1 or 2 ?? :)

Lastly - The comment on shooting a video horizontally literally made me laugh out loud and I woke up my fiancé - She looked at my phone - said "wtf" and then rolled over and fell back asleep - I was cracking up even more

Thank you for that - A great way to end my night/start my day - not sure which yet it'll be - maybe I'll catch a few hours of sleep now - 5:50am my time -
NAMASTE @krytonika

Haha glad you liked that comment. Yeah you can't really know what exactly goes on on Reddit anymore so its important to remain neutral.

Well said and so very very true - I haven't been on Reddit in forever exceot when I accidentally click on a link which brings me there - but in general I used STEEMIT and/or actual reputable news sources

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steemit has an excellent SEO! whenever I type anything related to crypto in google I almost always get posts from steem on the first page. I think this is excellent and helps bring more traffic to the site and in a few months it would be peoples go to site for anything related to crypto!!

This is the first I have started thinking of this, of course, I am new to this type of platform but love it. I too use google search for info I need to learn through steemit.

This will be just an amazing thing @acidyo, well it is proven that steemit is the place to be. I really did not know about paragon, will head over and check it out!

Quick answer: yes.
There is not anything similar out there!

Why not? steemit is already providing everything that every user wants, freedom of speech and freedom of discussion on anything is encouraged unless you spam or abuse someone. Steemit is way better than google and youtube.

I myself strongly believe that this platform will stay for long event though no one knows when it will stop. I have been steemian for two months and searched out everything on steemit where it performed that most of people around the world recognize steemit as a valuable platform for sharing and earning. As long as the policy on steemit still the same and never burden steemians, it will stay forever because steemit
Is helping each other because the main point' is sharing and sharing, then earnings come by the time as long as we share meaningful information.

Man this is such a serious topic of our times.....Pretty much everything is being gamed and most things (especially centralized) are literally being run by money. News is just advertising now, not journalism.
Its so hard unless ur a super intelligent person spending lots of time researching or a hacker to find anything close to the truth.
We are plagued with a lot of that here on Steemit, though its not nearly as bad. Mostly due to it being on the blockchain so shady activity can be much better tracked and exposed.
Also when there are people like you on here who know how to use the blockchain, care about the truth and this community we get a LOT of help finding more accurate truth.

Thanks for this very important post and also for making Steemit a quality place. If it were not for people like you Steemit wouldn't really be that great even though it is a blockchain.


Sadly vertical video are one serious problem humanity have. They make me so mad.

I do agree Steem is a superior to anywhere else to announce crypto related stuff. As it become more popular this will only make it more obvious.

If you can solve vertical video that would be nice too.

Whenever you are about to record a video make it by default to warn users its going to be vertical. :D

If money is involved there is no fair game and this we can see overall so for sure it would be better for companies to do there ICOs here on Steemit they will have complete freedom and transparency to do there ICO without being troubled of manipulation or censorship like on Reddit. Steemit and we the Steemit community should make more advertisement and show companies that they can do there ICOs here on Steemit without being manipulated censored etc. it would be beneficial for both sides, the companies have less trouble with there ICOs and the Steemit community is growing bigger a win win for everybody. I am sure that in the near future it will happen it just need a few companies doing there ICO on Steemit and others will follow.

The whole idea of no manipulation and the matter of fact way Steem community does things is why I decided to join here and not other places/platforms of similar nature. The mention of manipulation and ICOs seems to go hand in hand these days and if someone can control the mass marketing of it either with a celebrity or known promoter on Youtube, then it is inevitable to see it get pumped to some degree. After all, if Paris Hilton is making reference to Bitcoin or other cryptocurrency on our social media https://cointelegraph.com/news/paris-hilton-floyd-mayweather-seen-in-ico-ads-as-cryptocurrencies-hitting-mainstream then there is NO DOUBT that manipulation, when used in that context will undoubtedly sway an ICO one way or another just off that premise.

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That'a good point! I noticed a while ago that when researching a new ICO, Steemit is a great place to search for articles on it after going through the basics. The transparency of the platform really does make a difference in the trust aspect of the medium. I did some research previously on how users choose to trust information on social media channels and Steemit looks like a prime candidate as a trustworthy channel to catch up to news in the crypto space and not only.

I just hope that the community finds a way of fighting off the accounts that abuse this platform through spam, plagiarism and other such activities. This seems to be quite a big issue, and since it doesn't appear to be under control now that the user base is low, I could imagine that this could spiral out of control rather fast with rapid on-boarding of new users. Not that the Internet isn't full of these already, but it would be nice if Steemit developed a healthier immune system to neutralize such accounts as @adelja, that managed to work his/her way up to the top of the reputation system through systematic abuse (plagiarism). Seems like that doesn't bother most though. Bit of a shame really.

Even in bitcointalk there is now 2 different topics about Bankera ICO...some say it is a scam..some it is not. I truly dont know what to believe and everyone is confused out there. Maybe steemit will clear this confusions about ICO.

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Thanks for the share, for many will be aware if either paragocoins is really do good or bad at least we are being warned. It is always better to check and.double check reviews about specific crypto for we all knew everyone grabbing some for it. You always does give us the heights about it. Go steem and God bless.

Because Crypto is still in its infancy stages, there is and will be a lot of gaming in the near future. Take it one step further, once a ICO has finished and coins hit the exchanges, there are sometime teams of people pumping/dumping coins to make a quick profit. This is part of deregulation I suppose.

There are going to be a lot of hiccups along this road but steemit will be a good source of information for the simple reason that for every action there is a consequence. If you are gaming the system, people will no and you will quickly pay.

Steemit still has many of its own problems to iron out, but the future is bright

I think you inspired a pretty solid discussion, so I'm not sure what else I could add, but then this jumped out at me:

PS. Come on, its 2017, who still records videos vertically?

Vertical videos annoy me too, but they are formatted perfectly for Snapchat and Instagram stories, and YouTube just made an update following the vertical video trend: https://www.cnet.com/news/youtube-gets-a-redesign-new-logo-vertical-videos/

So, my guess regarding your question is that they're marketing towards the IG/Snapchat (and now YouTube) crowd.

good post

Tricky ad of nothing new. Steemit will be the blockchain and currency which would stay among all those stillborn ICOs. You make competitors flourish by posting such content. There's nothing new in this or in other ICO projects, they're just a speculation instrument and new HYIPS. Yes, there are good projects like Qtum or CVC but.. These money invested there could be invested in Steem.
I hope you understand me, I do not mean to be rude. But this ICO prob is what I and many others really don't appreciate.
In this whole web there are many 'kind and thankful' comments I just want to speak honestly.

And I'm not just mean, there are already Pot Coin and many other coins with the same aims, what differs it from them?

This shit looks shifty as fuck. No offense to rappers/hip hop artists, but I would never invest in anything with "The Game" in it. LOL

The whole ICO space has become one giant farce and the scammers are out in full force now.

the problem is when people with more SP do not like what you say they can just flag you - so not to much free speech here unless you are writing about pancakes recipes and so on

How do flags remove free speech?

They don't delete them from the blockchain.

So many celebrities are getting involved with ICOs and crypto. They're seeing the potential profits in it which is so awesome! The more news coverage crypto gets, the more it becomes popular and grows :D Also, pretty much every time that I search something related to crypto, a Steemit post comes up. I feel like Steemit is already the go-to place for community based news. It's great!


most of the comments and posts on steemit are absolute garbage.

whether it can be manipulated or not? of course it can. it already is. what's stopping someone from building 50 accounts?

we get daily posts on here from stephankendal or whoever predicting...DMAMAPPING MUST BUY BULLISH pumping the shit out of whatever dumb coin he wants to profit on and it makes the front page every time, yet when questioned about his model and analysis, he goes silent.

not to mention the ratio of legitimate looking and engaging comments are clearly automated on so many threads now.

in short, i would pump the breaks on steemit not being able to be manipulated imo.

as for reddit. there are times when i have legitimately found great discussion and information. unfortunately, i can't say that here but from a VERY small few.

The famous rapper of The Game I admire him, he can make people fall in love with him.
his beard is very much, hehehe

I wonder how much about crypto's he knows.

What the answer?
I think he knows a lot about the crypto.

I agree, Steemit is one of the favorite community network crypto currency. I support you!

I support you all too.

Wow, this is a really great point to bring up. Manipulation is what transparency aims to get rid if, so Steemit really could be the purest feed, if we are diligent :) Go Steemit!

If system is not broken, it does not need zillion of moderators

Hopefully it will. We need it :)

Steemit should become a platform to discuss anything to do with ICOs and cryptocurrencies. Afterall, it is the application of the same (blockchain) technology which powers all theses coins! Steemit is more/less a decentralised reddit. It still amazes how the blockchain can solves so many problems.

me to bro I foresee it happen in no distant time, prophesy the more, we are all ears , sure thing to come

Steemit will absloutely be the platform to ICOs as ou predict because of our transparency(everything is visible to everyone).
This point you says it all.

good to popular top post

great point it will be good for community.

Yes if, we hardfork the DMCA notice thing down

the self censorship exploit is the DMCA copyright takedown process we have which we need to get rid of

So where DO you go to b able to post stuff without it get taken down?

Cool, thats is nice idea!

Steemit can give you better information than tones of random google search fake news sites. However even in Steemit the quality is sometimes overlooked and the loyalty more rewarded. Would also be nice if Steemit can do some progress to the interface. Search is really awful. While the competition platforms are raising, we really need a push forward in Steemit.

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That awkward moment when you think acidyo is the game

They told me I'd get a lot of $$$ if I said stuff in this vertical video while wearing this cap. :(

Steemit is the future to a lot of things. We are just getting started.

Steemit is legit afaik. Cool post @acidyo :)

great post ! information thanks

Steemit has good future.

I agree. This keeps the promoters more accountable. Thanks for posting.

The Bitcoin market can only be manipulated by buying which can make the price go down, but on the subsequent purchase the price would tend to go up again with a net sum of zero. Unlike the equities market which can be manipulated with derivatives, short sells, etc.

Yeah I was talking more about manipulation of free speech and hiding facts about possible scams.

Quick answer is yes.
Becauese there's not anything similar out there! :)

steemit has a hugh power
its realy neutral and i think your point of view will good possible come true
lets see waht the time brings :D

Yeah, I can see Steemit platform as an environment where ICO could be a topic. Now it's all going to depend on each community member background and points of interest but ICO could definitely be discussed in Steemit community.Great post! 👍

I also think Steemit can become a major platform for ICO announcements and discussions, because Steemit members take their posts and comments seriously. Also, people (what I'm seeing) respect each others and moderators do a good job.

I'm sure we'll see more and more ICO announcements on Steemit.

Steemit wil also the first social network in the world...

The fact that all transactions can be monitored is a plus sure, but is there really a way if an account is legitimate though? I'm new on the platform, so maybe I don't know the intricacies, but couldn't anyone register multiple accounts and conduct their flagging wars as well? I've heard of such wars happen before. It's really a shame when it happens, as I, for one am against censorship of any kind (the only two exceptions are direct calls to violence and plagiarism). I do hope for the platform to become stronger, though, as it surely is a better alternative to the mainstream social media in my opinion.

Have you seen SMOKE coin? It is a Bitshares asset and a project that plans to be built on EOS. I would love to read you review that coin. Much smaller project and under dogs although Raekwon the rapper from Wutang recently tweeted about it: https://twitter.com/Raekwon/status/902911284890529792

Raekwon Raekwon Da Chef tweeted @ 30 Aug 2017 - 15:10 UTC

'yo @SnoopDogg, you copping some SMOKE coins so we can compete with @thegame's Paragon coin? #ICO #bitcoin smoke.network

Disclaimer: I am just a bot trying to be helpful.

Wow good information on one post, I wait for your next posting

the naswer is yes, we have the future in our hands.

I'm curious why you think Steemit would eliminate the fear of manipulation?

Nice opportunity nice one!

sounds great

thanks for the info

You do very good videos, @azziz

There is no insurance. Every community based on internet/blockchain/forum is not safe. A lot of thefts of ideas and methods are here today.
I think the only solution of really serious things we have in live communication.

I have seen a few using Steemit for their ICOs. I saw @smartcash for instance. I even buy a few hundred coins from their ico that I can afford. Then I also saw @gavvet post about POD's sportspodium. Definitely, Steemit is becoming a hub for ICOs.

excellent point !!

Well, yeah! Steemits's transparency is a advantage that will only grow more outsize as more and more people start to see the flaws in the more ossified platforms.

Can't wait to see what happens then.

I really think your prediction will be reality soon mate! Steemit is the only place I know that you have complete freedom to share your views and discuss anything you want as long as you are not a scammer/spammer.
I really hope this become true as soon as possible as this will really help further more in growing steemit.

Yeah money solves many problems, but not all of them... for example there's a legend that on Russian YouTube exist political bots

As a Steemit and cryptocurrency newbie I am still trying to wrap my head around much of what is going on. That said, I think many of the forces that blockchain is seeking to undermine will continue with their old ways. Let's hope Steemit is here for the long term to continue to inform us. It would be a tragedy if it were otherwise.

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The sooner you learn that that's not how it works around here the better it is for your future on the platform.

Very good post! You deserve an upvote and resteem!

Excellent post Thank you for sharing.

Steemit is the revolution in the field of ICO.

Bots on Reddit are terrible, you can also make as many accounts on there as you want so the whole upvoting system pretty questionable.

It is a great idea.

Yes ! people are doing .
Great post @acidyo . You post on genuine topics .

perhaps your right- i hope steemit becomes about a lot more then crypto discussions - seems no one is supporting music or art here, and a meme or crypto discussion, is the post of choice.

very very nice I really like you

With 2 upvotes on this post, it has already earned $88+. That makes it a popular post. How can I upvote this post keeping in view the 30 minutes penalty rule? I'm confused, please help. Thanks @acidyo!

The penalty moves up proportionally with time. This means at 15mins you'll make 50% of potential curation rewards, at 30mins 100%. It of course also depends on how many more votes it can make before it reaches 30, a lot of curators vote earlier since its more beneficial getting ahead of others than the penalty they take from curation rewards.

There was another rule I read somewhere: if you upvote already popular post, you get nothing. Is it true? If so, your post was already popular with the first 2 upvotes. Confused!!!

nice explanation

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Awesome...I hope so...
On that note any programming peeps want to help with buddycoin please let me know.

I has read, follow, upvote and resteem your post , nice posting brother, i will be back, thanks

I didnt know this, thanks now if you can explain us how to check it in the blockchain system would be great.

Thank you so much for your effort! This is really a good idea to bring more light into that topic and it will be helping a lot with the decision where to invest. :)

The way its going every opportunity to invest in an ICO is view in a suspicious manner because it may go in any direction.

I am really loving Steemit already for my short time here and believe it will become such an amazing platform for many more people to come. You make some valid points and I hope to see much more use of Steem in the future.

Hej, I am a new joiner. Lets be friend in Steemit.


Your vote is always welcome.

What's to stop people in here from upvoting/following others to garner votes themselves, like everywhere else? Only now it's even more incentivized.

This sounds like a really true thing as we all know that Steem it may be the future, this is because you can check back to anyone's posts history. So even if you want to hypocrisy is hard to hide...

The future of steemit seems like transparent news and public service.

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