Can a cryptocoin survive if a dev remains anonymous? - page 2.

tabas

hero member

Activity: 3234

Merit: 774

🌀 Cosmic Casino

Quote from: cryptocurrencyfan on April 30, 2018, 12:28:53 PM

Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?

It can survive if it was established it's market already and it has a bigger market cap. We don't know even who's the real Satoshi but we are remaining as a strong community with bitcoin. That's why a coin can survive even the dev/s are anonymous but if they will leave and abandon the coin that's a different story.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Who wrote the Internet protocol? How can you use a protocol if you don't know the developer who wrote it? Easy, you are doing it right now.

Larster

newbie

Activity: 24

Merit: 0

When the cryptocurrency starts being used as a currency - it does not matter who created it, but it only matters hows successfully it can be used. Like it does not matter who drew the pictures on dollar banknotes. But for a currency to become usable there must get some critical mass of trust in it. And this trust can be more easily acumulated by an established developer or even a group of developers. So I think that despite the Bitcoin example, in the future none-anonymous cryptos have better chances.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: cryptocurrencyfan on April 30, 2018, 12:28:53 PM

Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?

Yes it can! Bitcoin is the most popular example of it. It is a common phenomena that bitcoin has been created by someone called Satoshu Nakamoto but no one knows him for sure. We have seen numerous people claiming themselves as Satoshi but could not prove anything for their claims. So it is one of the biggest mistries of cryptocurrency world but still bitcoin didn't only survive but remained as number one since the inception. In crypto world, only merit matters.

ebliever

legendary

Activity: 1708

Merit: 1036

Quote from: cryptocurrencyfan on April 30, 2018, 12:28:53 PM

Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?

Ever heard of Bitcoin?

OK, it may be reassuring to know the lead dev in some cases, though it really means nothing if the code is open source. Most of the time it is simply unnecessary. Particularly if the coin is decentralized, which should be a goal of any serious crypto project.

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: cryptocurrencyfan on April 30, 2018, 12:28:53 PM

Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?

What do you think about bitcoin, the initial developer is anonymous and still is revolutionized and created a new market, unless the project is aimed to get money from investors then the situation changes, if the developer is coming up with great ideas and if he really wants privacy, then he can remain anonymous and there is nothing wrong with it, we must not mix these with ICO and a developed coin.

odolvlobo

legendary

Activity: 4522

Merit: 3426

The identity of any developer is only important if you need to trust them.

Virtual miner

sr. member

Activity: 728

Merit: 275

Quote from: Kingigolo on April 30, 2018, 12:50:31 PM

Well if you know anything about btc, you'll know that the real identity of great Satoshi Nakamoto is unknown yet it is still the most successful cryptocurrency in terms of market capitalization. So yes a project can and will thrive without the real identity of its developer(s). It just depend on whether the project solves a real life problem or does something relevant.

Absolutely !

What difference does it really make! You're right it is good that we are unaware of the founder of the bitcoin and there is no much chaos. Had Satoshi revealed his identity in today's date, there would have been a lot of critics opposing him. The crux of everything is that there is no need for the owner to be disclosed. Who is bothered about the owner until the system is working perfectly well.

So the thing that really matters is what the project is and how well it goes.

jademacoy

jr. member

Activity: 224

Merit: 8

Well it happen now and still cryptocoin like bitcoin is an example of cryptocoin still functioning for more than so many years. So i guess it could survive because no one has interfered on the cryptocurrency system even the government system. They are just only giving some advises regarding on this kind of investment. As we all know that all of us here who had join in the forum are all anonymous and what have we observe in this forum? well we are still free and continue in doing business so meaning we still survive and we will because some of the members here are depending now on bitcoin as their ways of getting another source for income. BTW i like your merit points.

Rozita

full member

Activity: 658

Merit: 108

Bitcoin developers are unknown. But it is the most successful cryptocurrency. But developers of all the other coins that I personally know are known. And I think developers of all the coins that will be created in future, must be known. Because no one will trust unknown developers as there are many scam projects.

Kingigolo

newbie

Activity: 111

Merit: 0

Well if you know anything about btc, you'll know that the real identity of great Satoshi Nakamoto is unknown yet it is still the most successful cryptocurrency in terms of market capitalization. So yes a project can and will thrive without the real identity of its developer(s). It just depend on whether the project solves a real life problem or does something relevant.

cryptocurrencyfan

newbie

Activity: 10

Merit: 10

Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?

Topic: Can a cryptocoin survive if a dev remains anonymous? - page 2. (Read 320 times)