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RE: Whitepaper Projections: A New Way to Understand Decentralization
When we first got into cryptos, we thought all the "whitepapers" we read sounded great and we saw value in them. How wrong were we when we found out that some of them were scams and probably had a great copy writer to write the "whitepaper". Luckily, we didn't invest and we're not looking to anyway. It will be great to see what gets featured on here for its technological and creative value to the blockchain.
I thought most of the whitepapers sounded a bit naive, but I guess they fit the market they were aiming for. The whitepapers were well-written, though, and I think sometimes the actual key points were hidden behind technicalities. But while the projects sometimes were scams, I believe the worst influencers were the ICO reviewers who in their ignorance and greed wrote great reviews on projects they didn't even understand, just to get some bounty program reward.
Yes we agree with the ICO influencers. We were in an "investment" group on Facebook once we got into crypto. Can't say it was the worst mistake as a member in the group told us about Steemit, but it was a place with lots of referrals to scammy lending or mining sites. But ICOs were the other side of things - staying up to participate in this ICO just to be a part of a DOSS attack. Warning signs there: a legit ICO would be prepared.
We're glad we never got into ICOs, now we're just look at the other aspects in this crypto world. What it can offers us and the world!