cryptoHowe
--
Theory of Disenchantment II: The Truth and Falsehoods of White Papers
The original purpose of white papers was to help everyone better understand the project's vision and what it does, aligning with the project party.
This is also why, to this day, when researching projects, everyone tends to prioritize looking at the project white paper, and I am no exception.
But have current project white papers changed compared to before?
In the past, white papers were carefully written word by word by the founders. Especially before GPT was widely applied, during the ICO period, various project white papers were everywhere, and the ones with charisma or 'value' raised quite a bit of money.
Although most projects either failed to launch or were rug pulls in the end, we can at least say they were seriously 'scamming.'
Today's white papers have visions that are drunkenly boastful moments, complex formulas that are randomly generated by GPT, content that is hastily written by hired writers for a few thousand RMB, and money that is tricked from investors.
Don't think that a white paper you can't understand means it's a good project; perhaps the project party doesn't understand it either, but what they want is for you to be confused.
A seamless process; do you think the white paper is meant for retail investors? No, no, no, it's all about the money. Let's just say, how good can a project white paper be if it is written by someone who hasn't participated in the entire project process?
Of course, this doesn't mean that all projects are like this; it's just an example of a phenomenon.
So next time you look at a project white paper, remember to keep your eyes wide open!
The original purpose of white papers was to help everyone better understand the project's vision and what it does, aligning with the project party.
This is also why, to this day, when researching projects, everyone tends to prioritize looking at the project white paper, and I am no exception.
But have current project white papers changed compared to before?
In the past, white papers were carefully written word by word by the founders. Especially before GPT was widely applied, during the ICO period, various project white papers were everywhere, and the ones with charisma or 'value' raised quite a bit of money.
Although most projects either failed to launch or were rug pulls in the end, we can at least say they were seriously 'scamming.'
Today's white papers have visions that are drunkenly boastful moments, complex formulas that are randomly generated by GPT, content that is hastily written by hired writers for a few thousand RMB, and money that is tricked from investors.
Don't think that a white paper you can't understand means it's a good project; perhaps the project party doesn't understand it either, but what they want is for you to be confused.
A seamless process; do you think the white paper is meant for retail investors? No, no, no, it's all about the money. Let's just say, how good can a project white paper be if it is written by someone who hasn't participated in the entire project process?
Of course, this doesn't mean that all projects are like this; it's just an example of a phenomenon.
So next time you look at a project white paper, remember to keep your eyes wide open!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
140
0