Why I’d AVOID the Internet Computer’s $ICP… (My Contrarian View)
The Internet Computer and their ICP token has been the subject of much ridicule and criticism in the past few months. Especially as their token launched in the top 10 and then dropped a whopping 95% in value in the following weeks. Many people accused the Internet Computer and their parent DFINITY foundation of misconduct — dumping tokens on retail, misleading people about their allocations, lock ups, and intentions to sell. In this video I’m going to share with you all the research I found out about the Internet Computer protocol and their ICP token and why I think it’s such a shame because their team and tech is actually legit. But they pretty much screwed up everything else about their token launch, marketing, roadmap, etc. So currently, I wouldn’t touch this project with a 10 foot pole unless they perhaps dropped even more. Let me know what you think about this project and about my analysis though!
My Cardano Critique: https://www.youtube.com/watch?v=x7ZkD-tcBXo
My Solana Review: https://www.youtube.com/watch?v=6HHHYtPPUaA
For over $350 in special deals for you: https://campsite.bio/bfbcrypto
Resources:
Token allocation chart: https://www.reddit.com/r/dfinity/comments/ny3a3w/hmmm_i_wonder_who_dumps_the_tokens_and_makes_the/
Ari Paul’s tweet: https://twitter.com/AriDavidPaul/status/1411023355378122752
Jameson Lopp’s tweet: https://twitter.com/lopp/status/1404415078972198914
Arkham Intelligence’s report: https://arkhamintelligence.com/icp/report.pdf
Cycle DAO’s report: https://cycledao.xyz/posts/the-ic-launch-a-market-perspective
Massive thread with accusations:
Badlands (2nd token) drama: https://cryptobriefing.com/dfinity-criticized-internet-computer-fork-proposal/
DIfficult to claim seed tokens: https://forum.dfinity.org/t/how-dfinity-is-rapidly-losing-credibility/5135
My post about ICP’s claims:
Timestamps:
0:00 Intro
1:30 Terrible Token Launch
3:19 Zero Transparency
6:00 Ignores Community
7:27 Decent Team Though
8:14 Misleading Marketing
9:58 Don’t Doxx Me Bro
10:33 Is This Even Crypto?
11:28 Davos Coin
#InternetComputer #ICP #Dfinity #Review #Criticism #Negatives #Cons #Vulnerabilities #Risks #DominicWilliams
by Bitcoin for Beginners
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