Creator and Developer Gone | Bitcointalksearch.org

lixer

hero member

Activity: 2646

Merit: 586

Quote from: freedomgo on August 25, 2019, 10:33:31 PM

Bad project will also get bankrupt, but the good one knows death is possible so they will prepare for this.
Developers are not only consist with only one person, they are a group and every group has different function, so they will have to work based on their function, when one is gone, one member will step up to the position so the business will continue.

That's why choose a project that are already successful if you are afraid of this kind of risk, with successful project, they have great potential and thy are already making the project profitable, so it's hard for them to leave that money compared to those who are not popular yet.

How many of the altcoins are fully working in a decentralized way that the source code will be opened and subject to further development externally, most of the project that we see has restricted their project to internal development alone and there is no room for external development like bitcoin did.

If a developer and creator of most of these altcoins die, first, the team will stop responding because there is no longer going to be team, as they all will gradually part way, and the moment the team start becoming less active, it would definitely send a wrong signal to he investors who will also withdraw their hands of investment in the coin, and then you see the coin gradually dyeing off the market. Until most of these projects fully embrace decentralization before we can beat our chest for them on continuity.

maxreish

sr. member

Activity: 1330

Merit: 326

They created the coins and they are already born in the crypto space. So, regardless of the situations like abandonement of the team or developer/CEO's dead, as long as investors are buying those coins then it is still existing. And we don't have to worry that much, to.give you a real example; Hal Finney (one of the dev of bitcoin) was already dead but look at how far bitcoin is growing and improving.

rezakurnia66

full member

Activity: 644

Merit: 100

Quote from: Kongxx on July 10, 2019, 04:26:28 AM

There are so many cryptocurrencies in the market.

If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?

Developers decide the fate of projects they have. If these developers have problems or go bankrupt, I think investors will slowly decline. And the project will crash and be a project that's not worth it. The selection of this project is very important, many people are invested because the project offers great benefits. But what happens to the project is bankrupt, so this becomes a very important lesson for us.

Mrsparks

jr. member

Activity: 406

Merit: 5

I-CHAIN - The Revolution of Digital Advertising

Quote from: Kongxx on July 10, 2019, 04:26:28 AM

Are the coins we have still worth anything?

Well the truth is they become completely useless in the advent of such..And this is one reason we sincerely need checks and balances in the crypto space to mitigate against things like this...Its rathee
R unfortunate that non of the blockchains in the space have been available to provide checkmates for issues such as this..

zero714309

member

Activity: 749

Merit: 13

It depend on the project,how good they are. As i know doge dont have ceo anymore but we can still see doge survive in the market. Its natural demand. What the main reason project successful because the project development,team and supporter/investor.

cytpoway121

member

Activity: 1540

Merit: 68

You don’t have to worry much about coins creators and developers
Regardless of what happens to the project; the existence of the developers plays little role

Lots of altcoins will vanish

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: Mila52 on August 29, 2019, 04:28:32 PM

Quote from: Jolly.Roger on August 29, 2019, 03:49:49 PM

Quote from: Kongxx on July 10, 2019, 04:26:28 AM

There are so many cryptocurrencies in the market.

If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?

This basically means the completion of the project. Although sometimes there were cases that the project pulled the community, but such cases are extremely rare.

There is a team behind any project. And if a team believes in its project and idea, it will live and develop.But this is often a signal about a scam project and the goal is to disguise the of collecting more money and go.

We can't deny the fact that high number of projects are created just to rip money from unknowingly investors. However, they keep on trying and trying because there are people that still shell out money to these projects hoping that they will get large profit. But very few projects can really demonstrate and cater their objectives. Only those with real use case in the market are deemed to survive. Everyone else, are just for quick buck for the developers.

scambust

legendary

Activity: 1652

Merit: 1007

Quote from: Kongxx on July 10, 2019, 04:26:28 AM

There are so many cryptocurrencies in the market.

If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?

When this happens, usually the price crashes to near zero. The network will live on but no more developer to update the coin. Unless there is a community takeover. But these takeovers don't last. Eventually the coin will be abandoned.

Mila52

full member

Activity: 1022

Merit: 106

Quote from: Jolly.Roger on August 29, 2019, 03:49:49 PM

Quote from: Kongxx on July 10, 2019, 04:26:28 AM

There are so many cryptocurrencies in the market.

If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?

This basically means the completion of the project. Although sometimes there were cases that the project pulled the community, but such cases are extremely rare.

There is a team behind any project. And if a team believes in its project and idea, it will live and develop.But this is often a signal about a scam project and the goal is to disguise the of collecting more money and go.

Jolly.Roger

jr. member

Activity: 210

Merit: 1

Quote from: Kongxx on July 10, 2019, 04:26:28 AM

There are so many cryptocurrencies in the market.

If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?

This basically means the completion of the project. Although sometimes there were cases that the project pulled the community, but such cases are extremely rare.

Bodarbala

jr. member

Activity: 238

Merit: 8

If the sudden death of the developer will cause bankruptcy, it would be better not to invest in the projects.

Rikotin

jr. member

Activity: 296

Merit: 1

if the developer is lost (leaving the project) the coin will automatically die or be difficult to develop because the user will not survive with a coin that is difficult to develop.
if the maker dies (developer dies) the coin can still be developed but it depends on how the project crew maintains the project so that investors stay with the coin, but the chances are small.
if the project goes bankrupt (there are no investor funds) the project will stop or the project will be postponed until the investor returns to trust so that the project can run later on.

Ochakemaput

member

Activity: 483

Merit: 10

terra-credit.com

we often see events like that in projects that aren't very promising. even though there are successful projects that get development funds but then they disappear and it makes losses for investors. some projects that have been registered in the exchange also experienced it, the developer disappeared after 1 year of their work without meaningful updates.

saba1256

jr. member

Activity: 189

Merit: 1

airdrop-pepe.art

You should know all developers can't die at the same time, this world can't empty from developers if any developer die than new developer will be borne this is nature and nature is running by GOD, so you don't worry what will happen you should don't think this, only BTC have worth and will always remain but don't know other altcoins that will exist or not in future .

Christinebeauty

copper member

Activity: 420

Merit: 2

Majority of the coins have on the market today are basically dead. They are no real use case so they've turned pimp and dump coins. Because of this the developers influence are hardly felt. Such coins are just being traded for trading sake with no proper development

p2pclub

jr. member

Activity: 77

Merit: 1

That day

. I think many " bounty hunters " and " traders " will shout all in mass threads with the same keywords title : scam exchange; big mistake; what the f with them; they cheated us; how to find them; etc etc

So, place your hope in right things and stop blaming Cheesy

..

j/k

akirasendo17

sr. member

Activity: 1106

Merit: 310

it depends on the developers mostly to the current one today
there will be someone taking over if the developers die
but if it is a scam coin thats the different situation
its a scam, so make sure you join a good and trusted
ico or a good company

Leonardo7

member

Activity: 686

Merit: 15

Not all projects will die with their founders since there is a team of developers and provided the source code is open as stated above by of the commentators. Just, for example, Satoshi has no control over bitcoin and we don't even know where he's currently, but the bitcoin continues to be glorious. This is why it's dangerous to invest in a centralized project.

gundala

full member

Activity: 896

Merit: 108

The price of cryptocurrency is strongly influenced by market demand and supply. If a developer leaves and doesn't develop an innovation related to a price development strategy, then it could be that the token or coin loses its selling power. Over time the tokens or coins become less valuable as demand declines.

auntyjmary

jr. member

Activity: 368

Merit: 2

The success of many projects depends on the support from the community. Whether the developers or the team behind a project gives up on a project or not the community or users of the particular coin can help sustain the project. Cryptocurrencies runs on the amazing blockchain technology hence a project can still continue with adequate support from a group of individuals and not necessarily the developers.

Topic: Creator and Developer Gone (Read 5079 times)