Cryptocurrencies, thousands of projects have already died

Cryptocurrencies, thousands of projects have already died. Not all donuts come with a hole ... including digital currencies!

According to two sites that actively catalog "failed" cryptography projects, Coinopsy e deadcoin, over 201 initiatives failed to take off ... in 2018 alone. Rather heterogeneous initiatives, ranging from real planning abandonment to definitive scams, also including BRIG, a fraud perpetrated and then ended with an investigation by the SEC in the United States.

Obviously, each national and international institution must create its own rules in order to regulate the sector, and this is exactly what is happening in the blockchain world. But faced with the token mass-gathering potential, even bigger problems arise. While everyone expects startups to fail, the huge amount of money that floods these projects becomes an aspect with which we have to deal, seen and considered that scam and ICO shipwrecked in nothing have raised $ 1 billion in 2017.

Hence, a small wish from analysts, who would prefer a stricter specification for ICOs, which would take the example of the framework of many crowdfunding sites, such as Kickstarter, generating guarantees of definition of the team, the project, the risks and the future the idea. In the meantime, it is better to approach the ICOs with caution, investing only what you can afford to lose, and always expecting the "worst", that is, that every token you invest in will fail.