> I don't think it takes a particularly high amount or sophistication to google "ico", see that most of them are scams, and stay away
I did technical due diligence for several investors last summer for ICOs and their "whitepapers" as well as talk to founders of these ICOs themselves about their idea. I successfully steered many away from these frauds, I sadly watched as others didn't.
Hell, I watch one "founder" launch his token right in front of me, yet he "had to care for a sick relative in <HOME COUNTRY>" not two weeks later. I haven't heard of it since, and they haven't updated any of the company marketing material since it's ICO.
> People shouldn't invest in things they don't understand.
I have a rule. Every time I catch myself about to say somebody "should/shouldn't" do something, I ask myself:
"Does my comment materially help prevent this situation from happening again or help the victim seek justice?"
Or,
"Does my comment only show contempt for the victim while not materially improving the situation nor helping the person victimized?"
I did technical due diligence for several investors last summer for ICOs and their "whitepapers" as well as talk to founders of these ICOs themselves about their idea. I successfully steered many away from these frauds, I sadly watched as others didn't.
Hell, I watch one "founder" launch his token right in front of me, yet he "had to care for a sick relative in <HOME COUNTRY>" not two weeks later. I haven't heard of it since, and they haven't updated any of the company marketing material since it's ICO.
> People shouldn't invest in things they don't understand.
I have a rule. Every time I catch myself about to say somebody "should/shouldn't" do something, I ask myself:
"Does my comment materially help prevent this situation from happening again or help the victim seek justice?"
Or,
"Does my comment only show contempt for the victim while not materially improving the situation nor helping the person victimized?"