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White papers won't mean much anymore when DYOR

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by COINS NEWS 321 Views

In 2021 if I was looking into a project I'd do three things to identify low effort scams.

  1. Check the codebase isn't just a straight copy with a name change using a site like https://tokensniffer.com/

  2. Copy and paste sections of the white paper into Google to see if they just ripped off another.

  3. Read the white paper to see if it makes sense and not just a random jumble of catch words.

A majority of shitcoins would fail these simple tests.

With the advancement of ChatGPT these checks won't work.

The software will just auto generate a pretty compelling and extensive but also baseless white paper for any shitcoin. Given most people barely read it and out of those less understand it, it will be easy enough to fool alot of people. So every lazy scammer or get rich shitcoin pumper will have a nice white paper to point to making it a pointless exercise to read them for scam checks.

So it's probably worth putting in a fourth simple check.

4.Copy and paste white paper into an AI text generator detector software like https://aiwritingcheck.org/

Probably worth noting I'm still trying out a few different detectors to see which works best.

submitted by /u/InevitableSoundOf
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