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Anonymous
How to avoid scams in crypto 2017-07-04 03:26:42 Post No. 2703918
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How to avoid scams in crypto 2017-07-04 03:26:42 Post No. 2703918
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As someone who's been into this stuff since 2011/2012 , I will do this public service announcement and teach you noobs how to avoid scams when investing in crypto. Here's a short fool proof guide:
>1) if it was launched as an ICO
Almost certainly a scam. Very few exceptions
>2) does it use buzzwords like "smart contract platform" etc?
Almost certainly a scam, since smart contracts are useless and a meaningless buzzword
One of the few actual uses of smart contracts is LN, and there are few legit coins implementing it (Litecoin, Decred)
>3) it is a token created by a single company (like Ripple or a token on Ethereum)
It's almost certainly a Ponzi
>4) It has no PoW
Almost certainly a scam
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this post is bad and you should feel bad
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>>2703918
literally anything other than BTC/ETH/ETC/XMR/LTC is a worthless vaporware pyramid scheme shitcoin.
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>>2703918
>4) It has no PoW
>Almost certainly a scam
even if it has PoW, devs will probably be instamining as fuck, right?
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>>2703958
this
but without ETC
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>>2703918
> t. bitcoin maximalist who missed the boat on alts
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>>2704077
>sia
>bitbay
>offering actual functionality
offering actual but horrible functionality
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>>2704105
you should be grateful you even know they exist right now.
while we are past the infancy of blockchain/crypto, we still have a long way to go with most of these until they come to fruition.
But when/if they do, the investors right now will see great profit.
Will all of the coins out right now make it? Fuck no.
Will some? Yes.
Choose wisely and take advantage of being here while they are still massively under development.
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>>2703970
ETC is currently a shitcoin. but has potential when ETH goes PoS and fucks something up.
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>>2704140
no, fuck off. we're not buying your bags.
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>>2704152
>being this delusional
I didnt shill a single coin, made it very clear that not all of these will succeed but that the foundation for success is there.
Keep buying your 6 different types of payment currencies and stay away from innovative tech you fucking neanderthal
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>>2704193
>gridcoin, siacoin, and especially syscoin/bitbay
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>>2704303
>mention the existence of cryptos that aren't solely used for transactions
>follow it up saying that only some will make it
>called a shill
never change biz
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