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RE: re: Open letter to Steem stakeholders: What adds value to Steem?
I dont know why the scam days of icos have passed. Plenty of people here on steemit have no idea about ICOs or that 95percent lose investors money( 80 percent are scams, 15 percent fail).
Yes the govt has gone after some that are complete scams. But now all somekne needs to do is dress it up better and make a legit looking project that just never goes anywhere. The scam ones usually take in money looking legit with not much work done or prototypes made. Just pure marketing. Now to avoid that they just need to prolong it and keep going for awhile and claim the project fell apart, that is the current meta at least.
Certainly there are real legit ICOs but that is like 5 percent.
I didn't say that the scams were over, but that the heyday was. By that I meant that the peak of scamming was past, and that fewer scams are possible now, because the market as a whole is better aware of it, and some regulatory actions are beginning to have effect.
Scams will continue as long as there is money.
Thanks!
Certainly will be harder to pull off scams now, no doubt about it. I suppose even if someone releases a project that isn't a scam, they could still raise a lot of funding and become too powerful Steempower-wise.
A lot of projects get tens of millions and others 100s of millions.
I am surprised that nobody has raised a bunch of ETH through an ICO, then come over to here and bought a bunch of SP and they could just upvote themselves. They would just constantly promote their project and upvote it to get even more rewards.
I think we shall see that happen at least. An easy way to double or triple your project's investment by self voting or maybe even they run a bidbot.
Shhhhh! Now you've released that idea in the wild, and some asshole is gonna do it.
There are things I don't say, because of that. No point in giving bad people good ideas.
Sometimes I just sit around wondering these things lol. Eh, maybe these evil people aren't as smart as I make them out to be.
There are some really, really stupid evil people.
that's actually a really good point. scamsand theft mean were doing somethign right