Creator and Developer Gone - page 2.

sana54210

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Quote from: michellee on August 25, 2019, 08:54:40 PM

Quote from: Kongxx on July 10, 2019, 03:26:28 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?

I don't think that all creator and developer will go because cryptocurrency is too worth if they're leaving the crypto. But if that thing is happening, then the coin will not have support from the creator and the developers, and the coin will be abandon by the people too. The coin itself will die and disappear from the market without any chance to rise back. The coin will not worth in the market, and it will be delisted from all of the crypto markets.

Before investing in a project, we have o look at the framework of the project, and we have to know of the continuity of the project also. That is why they are always team that won a project and I don’t think that it would be individual, even if they should creator of the coin dies, there should be other team members that are knowledgeable enough to pick up from where the creator stopped,

In the case where the project fail or go bankruptcy, then the project will slowly be dying down because there would not be any push for it as the team that were in charge also would have withdrawn. It boils down to why we have people always advising about knowing the team too well before relying n a project for a long term investment, only a solid team will never give up on a project.

pa6a24

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There's a lot of coins in the market that have abandoned the admins. I think each of us has so many such coins

Mighty_crypt

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Quote from: Kongxx on July 10, 2019, 03:26:28 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?

Many projects are already dead because of bankruptcy and projects with dead devs cant be compared to bankruptcy projects,any one from the project's company can easily take the developer's place and lead the project on but with bankruptcy there is no solution its assured that the project will be dead

Greatchu

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Quote from: Kongxx on July 10, 2019, 03:26:28 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?

There have been many different cases of projects that got abandoned or died because of one reason or the other but its rare and ive never seen any project in crypto space that the dev died and if that is the case the teams will take over or if its a community projects the rest will take over.

Its always wise to hodl tokens with good teams aswell,ive heard about few projects that the teams start having issues among them,fighting for God knows what but in the end the projects start fading bit by bit until they became useless

Ararbermas

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surely the price of the coin will dump and possible the coin will be dead, but it depends to the community if they are still trading that coin then it will survive for long just like dogecoin.

maybe it's just like other dev that they already knew the future of their project wherein the onoycintention of running campaign is to convince participants to participate just to accumulate real money and after they become successful selling their play money they will gone forever. this kind of technique of some projects is very common especially on bounty section. So must be aware joining in any project on that section 'cause that modus is always happened everytime.

freedomgo

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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.

michellee

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Quote from: Kongxx on July 10, 2019, 03:26:28 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?

I don't think that all creator and developer will go because cryptocurrency is too worth if they're leaving the crypto. But if that thing is happening, then the coin will not have support from the creator and the developers, and the coin will be abandon by the people too. The coin itself will die and disappear from the market without any chance to rise back. The coin will not worth in the market, and it will be delisted from all of the crypto markets.

letyouearn

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That will be a very bad event for this coin - in most cases it means financial death of the project

In some rare cases the team is big enough to withstand this accident, but even then the price will drop for a long period of time.

arufox

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Quote from: Kongxx on July 10, 2019, 03:26:28 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?

I don't know what your talking about? Why you so panic because of so many coins in the market. Simple if you want safe investment choose safe coin such us bitcoin, ethereum, litecoin. Don't worry about many coins, bankrupt and anything, that's not your business. Focus with yourself

chanler

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When the creators and developers get bankrupt or disappear, the coins possibly drop significantly in value. And finally, they cannot survive and be delisted on the exchanges. It is because of the interest from investors will decrease continuously day by day. It is most likely to happen on the currencies.

Natalim

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If the team will stop working, that will be the end of the project.
It doesn't matter if one of them dies because if they are legit and they have a good business plan, they won't allow a death of one member to stop the development of the project. Just like a legit business in the real life, like a big company for example, they have a continuity plan and when there's a death from one of the member, they can always find a replacement to the position that was gone.

nanaimogold

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Quote from: Kongxx on July 10, 2019, 03:26:28 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?

It's simple. Liquidity dies off immediately all activity on any cryptocurrency project as regards development and marketing ceases. A Large majority of token holders who are aware of the incident sell off and move to the next project while other unsuspecting holders now bag a truck of shitcoin

louisBSAS

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Quote from: Kongxx on July 10, 2019, 03:26:28 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?

Why come up with something here, we saw dozens of examples of what happens to the coin, which the developers stopped developing, left and stole all the money of investors. The price of such a coin drops to almost zero, and everyone who bought it loses all their money.

coin-investor

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Quote from: Kongxx on July 10, 2019, 03:26:28 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?

If these tokens are backed by companies, then the second developer can takeover or they can vote to nominate a new leader, it's not a one-man team, if it is a coin, any developer can take over the coin and the community, I have seen one coin, just got out of extinctions because a new developer takes over the coin, as long as the token has nodes and the block explorer is still working, any developer can do take over.

vixcious

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Quote from: Kongxx on July 10, 2019, 03:26:28 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 team and founder ran and no longer developed tokens or businesses, that is, the value of the tokens is already zero
It is also seen as bankruptcy when businesses are inefficient for a long time.

thesosorr

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if market conditions are still feasible to become a traditional market, it really will not die or bancrupt money but all currencies will be created one day in cryptocurrency.

taufik123

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Coins that are not developed and their developers are lost will be left and become worthless coins. This has often happened in several projects that I have participated in. Many of the projects they worked on were not successful and did not reach the target when the ICO was finally abandoned and investors also got their money back if the developer was honest and did not take away investor funds.

rodel caling

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Quote from: tins on July 10, 2019, 04:11:45 AM

All altcoin in the market as well as traditional companies today. If they can't get over it, they will be dumped by the market and investors, just like companies are bankrupt

You had a point about this, but in my own view as long as they have an people behind the company's concern even the owner of the coins dies possible it can exist in the market through the help of the owner trusted man.

Quote from: kindbtc on August 18, 2019, 01:55:28 PM

Yeah it is high risk business so we have to be prepared for the worst all the time even now i have seen many abandoned coins and projects and investors loosing all their money that is why i suggest to trade only in btc and eth that are established, reputed and truly decentralized coins that have the lowest risk.

That's is right mate we know for that, I think the company of each coins developers are prepared the worst needed to face.

mr_random

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Quote from: kindbtc on August 18, 2019, 01:55:28 PM

Yeah it is high risk business so we have to be prepared for the worst all the time even now i have seen many abandoned coins and projects and investors loosing all their money that is why i suggest to trade only in btc and eth that are established, reputed and truly decentralized coins that have the lowest risk.

Decentralized cryptocurrencies are the type of the low risky financial assets. Having a decent experience can clear the rised questions by the inexperienced traders. The truly decentralization will give back the freedom and equally same opportunities to the all market participants. Freedom has a cost and we agreed to sacrifice the banking industry for opening the rest of the doors in crypto industry.

kindbtc

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Yeah it is high risk business so we have to be prepared for the worst all the time even now i have seen many abandoned coins and projects and investors loosing all their money that is why i suggest to trade only in btc and eth that are established, reputed and truly decentralized coins that have the lowest risk.

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