Creator and Developer Gone - page 3.

Kang TB

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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?

if the creators and developer from any altcoin project, i think the project will be gone too, if the community didn't take over the project mate

Torps1

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I know of some projects that has been abandoned by team and developers owning to their unjustifiable seasons, I also know of others that were almost abandoned but few team members and the project community took up the project and such is doing very well today.

I think it all depends on the personalities and interest that is involved.

awakpane

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Quote from: Kvalentine on July 11, 2019, 12:55:23 AM

If creator and developers are gone it means the project has been abandoned ,if you can still sell on exchange be quick about it because it might get delisted on exchanges at any moment

right. I agree with you. that if the maker and developer do not exist then the project has been abandoned and the funds collected have also gone down. therefore we must be careful in investing in a project if the team and the developer are not clear.

Chemcrier

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IMO Exchange - Customer First.

It all depends, if the Developer disappears or dies, it all depends on how the project is structured, for example bitcoin has no visible founder but it is still thriving and if Vitalik left ethereum, it would have a negative impact on price but it would ultimately survive, so if those projects had a full team and all had access for sustainability, even with the death if the founder, the project would keep thriving.

jostorres

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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?

He coin will actually not because of their death disappear from the market, it may still be tradable for a period of time until people starts forgetting about it because there are no team to continue to develop the project and keep pushing it forward except it is a project like bitcoin that has fully been developed, because to me, it is more like the owner of the project is dead because there is no one that is serving as team right now in control of it, so if satoshi is dead and bitcoin system is still running, then there are some projects that can still continue to run, depending on technology it was built on, and what the token was also built for. But for coins that do not have solid working products to work for them , the coin will just gradually continue to lose value till it probably zero.

alexcopper

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There are projects like NULS who are creating what is called a ChainBox which provides modules for any developers to build a blockchain. No programming language necessary.

LbtalkL

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If ever something like that will happen a bankrupt company or turned scam, of course, we will lose our investment. Only strong and good coins will remain, But that scenario is very impossible to happen we will have children and they are our future I'm talking about genuine coins like BTC, ETH. Technology is going forward not backward. But every day I see new ANN and Bounty thread here on bitcointalk of certain altcoins it does not stop but I think most of it is worthless, developers are just trying to create easy money. Well, we have new problems to solve every day and in the future, more company will be established and maybe they will create their own currency, I think this cycle will not stop.

Icologies

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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?

if the creator and developer of the currency we have has gone bankrupt, then the coin automatically has no value or is lost from the market. therefore, if you want to invest, you must be careful and analyze it first before deciding to join it. minimum safest invest in coins that are in the top 100 on the market.

sukoyomi

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Quote from: GGmith on July 11, 2019, 03:19:36 AM

if the project developer or maker no longer exists, chances are their coins will not develop properly and will be left by the holder. but it also depends on how the coin is, if the coin really has great potential, of course there are still many who use it. for example bitcoin. until now it is still used for investment even though the maker is unknown.

If the gone was just developer, the coin will still live with their supporter if he have it. Yeah, you're right like the amazing bitcoin. But if it die, that's other story, it will mean no one put an eye on that coin, so yeah it will become trash.

GGmith

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if the project developer or maker no longer exists, chances are their coins will not develop properly and will be left by the holder. but it also depends on how the coin is, if the coin really has great potential, of course there are still many who use it. for example bitcoin. until now it is still used for investment even though the maker is unknown.

asriloni

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if there was a team that died and there is a chance for project still continue but it will be developed by a new developer but if the platforms already announced if that was getting bankrupt and we can't do anything. I'm not sure there will be a new developers that wanna spend a lot of money for dead platform.

el kaka22

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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?

Bitcoin? You do realize that bitcoins creator and developer is gone right? There is no one at the head of bitcoin writing a code for it like the first day, satoshi is gone and he hasn't been back for a long long time to do anything about bitcoin.

This is an obvious reason, why I would honestly suggest the same for all other coins, if a coin is a shitcoin and creator leaves than there is not much lost since it was already a bad coin but if there is a coin that actually might worth something and is on the road to be a great one but the creator suddenly vanishes than public could take it and build a great thing for it using the blockchain for implementing the new stuff (using that blockchain plus mining those blocks could change a coin totally like how we added segwit to bitcoin).

Crypto currencies are owned by the people, not the creators so it wouldn't be a big deal.

andika2018

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Quote from: Kvalentine on July 11, 2019, 12:55:23 AM

If creator and developers are gone it means the project has been abandoned ,if you can still sell on exchange be quick about it because it might get delisted on exchanges at any moment

Agree, if we can still sell it at any price, just sell instead worthless. Many projects that succeed and reach target in the whitepaper and many fail and the developer team plays an important role in the success of a project. If they leave the project, it's better to sell at any price

TheClownSong

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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?

I think, if the developers left the project, the price of the token would fall. Likewise if the project that is done fails achieved according to the roadmap. Indeed, we must be careful in choosing the altcoin that we will invest because in many instances the developer team just leaves the project or runs away with money from the ICO

Kvalentine

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If creator and developers are gone it means the project has been abandoned ,if you can still sell on exchange be quick about it because it might get delisted on exchanges at any moment

Chika08

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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?

if such happens, the project dies off. But I have seen situations where the project community decides to take over the project and continue the development if the founder or developers because incompetent to run the project

qomariah95

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Quote from: rdewilde on July 10, 2019, 07:29:27 PM

Many dead projects are as a result of this; that is developers abandoning the project. Also, in my own view, I think it depends on the project; if a project is duly built and have risen in value over a long time I don't think if any of the developers dies the project will die too, it will continue. Also, in cases where the project has good use case, it can be adopted by another project or an investor thus continuing developement while the project still maintain its value or the coin swapped to the new project.

So the essence of everything depends on how long the project is and the value of the token / coin on their project. However, if the developer or creator dies, it will certainly continue if the project is good for its development. Maybe if the project is new in the crypto world it might just die.

christian07

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If they have trading pairs with btc and eth then more like new alts then that have impact in market if they turn to shitcoin or already gone

Still nothing will happen if you think negative about it then look at the worth of everything like we can assure that this are very useful and helpful with future like example in low fees and many different transaction then services

fuer44

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SOL.BIOKRIPT.COM

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?

the project is dead

if you take a project and one of the teams or developers leaves, and worse off escapes money, the project will die and you will get nothing

or if you have got a token but the team does not proceed until the listing goes to the market exchange, the project is also said to be dead and you better just go.

rdewilde

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Many dead projects are as a result of this; that is developers abandoning the project. Also, in my own view, I think it depends on the project; if a project is duly built and have risen in value over a long time I don't think if any of the developers dies the project will die too, it will continue. Also, in cases where the project has good use case, it can be adopted by another project or an investor thus continuing developement while the project still maintain its value or the coin swapped to the new project.

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