Blockchain Investors Lose Billions to Projects with 'No Evidence' | CryptoSlate
December 05, 2018 11:55 AM Discuss Since 2017, investors have lost billions investing in blockchain and cryptocurrency projects. In an information-starved environment, exit-scams, poorly executed ideas, and applications that simply do not make sense are able to thrive. A recent article can possibly shed some light on why this has happened'and is happening'in crypto. MERL Tech, a research-blog focused on technology's application in humanitarian aid, published an article on Nov. 29th which examined the gap between the claims a blockchain-related project makes, and the actual, verifiable results. The findings were startling. According to an anecdote by John Burg et. al., the claims made by many blockchain projects are dubious, with many failing to provide any tangible evidence to support their claims.
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