Creator and Developer Gone | Bitcointalksearch.org

lixer

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Quote from: freedomgo on August 25, 2019, 09:33:31 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

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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

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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?

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

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

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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

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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

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Quote from: Mila52 on August 29, 2019, 03:28:32 PM

Quote from: Jolly.Roger on August 29, 2019, 02:49:49 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?

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

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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 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

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Quote from: Jolly.Roger on August 29, 2019, 02:49:49 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?

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

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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?

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

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

Rikotin

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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Quote from: ?? on ??

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.

Kang TB

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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 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 10, 2019, 11:55:23 PM

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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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, 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?

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, 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 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, 02:19:36 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, 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?

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 10, 2019, 11:55:23 PM

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, 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 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, 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 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, 06:29:27 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

full member

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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

sr. member

Activity: 1652

Merit: 262

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?

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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Activity: 925

Merit: 100

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.

kingpin4321

member

Activity: 280

Merit: 14

What happened to the creator of the first automobile even after his or her death the idea keeps improving.
If a creator of a cryptocurrency dies and the team left to handle it continues the job then it would not make a big difference

chocopapaya

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It seems like you don't understand the very basics of cryptocurrency.

first off, blockchain technology is open source.
That means that no one owns it.
It's more like a collective, anyone can join in and run it.
Sometimes, you will have a company create a blockchain and limit access to it (like ripple), so that is when people call it centralized.

So if a developer, creator, or anyone "running" the blockchain is gone, then the blockchain just doesn't get maintained.
But anyone can jump in and run it, essentially resurrecting the project.

As far as value of coins go, no crypto currency has inherent value, it is all peer to peer.
That means it is only worth as much as someone is willing to pay for it.
Exchanges merely facilitate this transaction.
So if no one is willing to buy it, then it has no value.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Impact won't be much if a project is well decentralized. The less decentralized a project is the more likely it will be affected by the lost of its developers. This is why it is important to use better decentralized blockchains/cryptocurrencies

Saisher

full member

Activity: 2324

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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 is a possibility that a group of whales can adopt it and continue working on this project, provided that the developers or it's team are no tholding huge amount of that coins or else they will make huge profit at the expense of those who adopt and continue working on these projects.

halpi

member

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It depends on their roles at the moment.
In some projects creator is not in business, he is just a face.
Developers? well you can always substitute them, IMO!

AltcoinsBattle

member

Activity: 537

Merit: 12

Ha, many projects are waiting for just such a fate. Moreover, developers leave for completely different reasons.
The problem of a crypto startups is completely in a different plane: greed and treachery.
Discussed in this topic is not a problem, IMO, as there is always a team of several people. This has already been said above.

Red-Apple

hero member

Activity: 1470

Merit: 655

well it depends on the project.

type 1:
projects that are truly decentralized, have no "owner", had no fund raising scam, no ICO, no premine, no other shenanigans,... these projects do NOT depend on their creator. as an example you can check out bitcoin. Satoshi aka the creator is unknown and is no longer around and bitcoin is growing more and more every day.

type 2:
the projects that are centralized, have an "owner", had fund raising scam, had ICO, had premine, or any other form of owning a big "share" in that coin to make profit from it. these projects depend completely on their owners and if something were to happen to that person (or company) that coin would disappear in a blinking of an eye. as an example you can check out ethereum and ripple.

eternalgloom

legendary

Activity: 1792

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Well, that's why it's always best to support open-source crypto projects.
Even if something happens to the creator, the project itself will always live on.

Well, or it gets forked, that basically happens all the time. I mean, Litecoin and many other coins were also forked from Bitcoin.
Bitcoin itself also thrives without its creator being present...

rosezionjohn

sr. member

Activity: 882

Merit: 301

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

If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies?

If a certain project has a team of developers, then a death of one will not necessarily affect the development of the coin/token. If they go bankrupt, they can offer the project up for sale or the community can also take over. In case there is a change of ownership, the development is likely to be delayed or likely to have major changes.

awakpane

member

Activity: 1274

Merit: 12

In my opinion, if someday the creators and developers of the cryptocurrency are lost, then the coins we have are still valuable provided that the coins are still in demand. because a coin is worth or not depends on the buyer.

Olatunjex

full member

Activity: 1064

Merit: 102

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?

Tokens that found themselves in this fate always become bump and dump coin. Luc was having a dev until they went bankrupt, the developer left the token is now a bump and dump on yobit exchange.

Greatchu

member

Activity: 490

Merit: 10

Holding tokens without developers is too risky ,if you have any now I'd suggest you sell while you still can ,even if the token has high adoption rate is will die a slow death since no more updates from devs

faadhilah

jr. member

Activity: 350

Merit: 1

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?

A good project of course developers is already thinking about if they are already dead. If the coin has a good potential will certainly have many investors so this investor who will later develop the coin. But until now it is very difficult if the project has no developer.

Gab20

jr. member

Activity: 714

Merit: 3

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?

You should know that a coin with an inactive team is more or less dead. Which is as much as saying that it will loose its investors. You should not also expect that everyone in the team will die. Inasmuch as there are still others available to carrying on with the development, you are good to carry on with it. A coin that has a good team with good intension cannot go bankrupt and and if they do, it might be sold out to those who have the zeal to carry-on the vision.

ned.ryerson

full member

Activity: 756

Merit: 101

Oikos.cash | Decentralized Finance on Tron

more often projects will also disappear with the disappearance of their creator. only if the project really brings great benefit to the society then it will be developing without CEO

NeuroticFish

legendary

Activity: 3668

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Looking for campaign manager? Contact icopress!

Quote from: Karlinz on July 10, 2019, 05:16:07 AM

The truth is it depends on how far the project has gone before this happens, a coin like bitcoin, etherium among several others do not need the developer alone to continue trading, their values may tank a while but they will continue to exist because majority of those trading etherium never knew how vitalk was. Newer projects that requires payments to be listed on exchanges will die, this is the fate of a lot of gone tokens

Actually all the major coins, whether it's Bitcoin, Ethereum, Monero and so on, all have behind them a team, not a single developer.
The case of Bitcoin is that even though Satoshi has left, there's still a team maintaining and upgrading it.

And if the oldest coin needs a development team, I'd say that no proper coin can really survive without somebody behind it. It's psychological (price) and practical (big software does need maintenance).

So most of the coins with developer gone are clearly doomed. Very few of them end up by being take over by the community or other developer(s).

robelneo

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Activity: 3416

Merit: 1225

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?

They will lose their value if the coin is very much associated with certain products or services, but if they are an algo they can be managed by another group or individuals just like what happened to Bitcoin, I have been into projects that lose it's value and community because the main developers stopped updating their project.

Karlinz

copper member

Activity: 280

Merit: 1

I have witnessed certain projects that their developers eventually disappeared and the project suddenly died. The truth is it depends on how far the project has gone before this happens, a coin like bitcoin, etherium among several others do not need the developer alone to continue trading, their values may tank a while but they will continue to exist because majority of those trading etherium never knew how vitalk was. Newer projects that requires payments to be listed on exchanges will die, this is the fate of a lot of gone tokens

xenomorphe1

full member

Activity: 798

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It the coin is still being traded on an exchange and if the servers maintaining the blockchain are still running, then the coin can live his own life like Dogecoin for example.
If the source code of the project is in open source on the internet, another team can take the lead of the coin. If the coin is a token on the Ethereum network, it can't disappear.

bartolo

hero member

Activity: 1176

Merit: 501

It depends, there have been some projects in the past that have been abandoned by their developers but the community have taken over and refloated them. In those cases, the coin can survive, otherwise, it can't.

semes

member

Activity: 713

Merit: 31

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 are too many people who think that this will happen. There are around 2330 projects and they think that at least half of them will not exist in the future. All investment will be zeroed then!!!

tins

hero member

Activity: 882

Merit: 500

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

Kongxx

jr. member

Activity: 132

Merit: 3

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?

Topic: Creator and Developer Gone (Read 5095 times)