Modernizing old projects - page 2. | Bitcointalksearch.org

SirLancelot

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Quote from: Piesel on June 05, 2022, 06:00:09 PM

Going through my old wallet today I stumbled on some old and dead coins which at a time promised to offer so many good features and solve real-time problems but at this moment their nowhere to be found and are dead and gone with all the good ideas behind those projects. Some of which can solve some services issues faced in the industry today and this made me ask this question, which of the old projects will you like to see coming back again to achieve its original project idea to solve some issues facing the cryptocurrency industry at the moment and why do you want to see them back identify the real-time problem that coin can solve.

1. There might be a reason on why they didn't follow what is written on the whitepaper. It could be because they lack of funds, and they didn't achieve their quota but they fail on this maybe because the investors didn't like what they are offering.

2. That is why it's important that you know and are familiar on each of your team members especially if they are assigned to hold the funds for the project.

3. Hack's cant be avoided but a project must try hard to build a secure system that won't be easily accessed by hackers.

4. About this one. This is also normal where challenges can come but a strong project can survive these trials no matter what.

Hypnosis00

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Quote from: Piesel on June 05, 2022, 06:00:09 PM

Project fails because:
1: team failed to follow the whitepaper
2: a member of the team harms the project development process by making an exit scam
3: external attack from hackers
4: bad market forces etc,

Too many reasons why they fail but there is only one legit reason why got to that situation and that is because they are just scams. Of course, they will tell these things, bla bla blaaa but people will ignore it as they are aware of what really happened to them. Many projects have been created for no specific reason, no use case, questionable developers, transparency - they promise good for the investors but in the long run they will just go and not be active anymore.

There is no need for such transformation, what they need is to develop a project that is usable and has a contribution to the community.

crzy

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Quote from: Piesel on June 06, 2022, 05:41:46 PM

Quote from: isaac_clarke22 on June 06, 2022, 05:37:11 PM

Quote from: Piesel on June 05, 2022, 08:46:43 PM

~

Yeah, OP. You might be overthinking it too much. Sadly many altcoins now are seen as shitcoins due to how short some coins last in the market and sometimes you just gotta suck it up and accept it. It is an unpredictable market in the end plus it is the nature of it so there ain't much we can do about it.
Expect the same for the succeeding years, like another carbon copy of these NFTs claiming to be the "NFT killers". I even remembered some user in the other thread claiming that those coins he mentioned are "Ethereum killers". Cheesy

You are right with the development of NFT so many new projects that meet the demands of their users and give the industry some of the services that make cryptocurrency usage acceptable and flexible, I may have not been overthinking things but then again we could still find some good ico projects that can be rebuilt and transformed to fit into the current dispensation.

Only if the developer is still with that token/coin because if its already abandoned then I don’t see any reason to rebuild it again. Those Old projects that fails most probably was not able to catch the demand of the public but since this technology keeps on growing, they can still innovate and adopt the new trend. As we can see, NFTs right now are still doing good and this might be the opportunity for old projects to start over again and follow the trend.

AmoreJaz

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Quote from: btc_angela on June 06, 2022, 05:08:55 PM

If they are dead then I don't think there can be revived by the devs themselves obviously. And there's no need to do that unfortunately, others make a fork, but still they didn't get the consensus and support of the community with those supposedly new projects. And maybe they are not good in the first place that's why they didn't survived crypto space which become so saturated in the last 4 years that competition becomes tough. So if your project has no real life usage then it will become a shitcoin and die.

let us admit the fact that most of these projects have no intentions of surviving long. they are merely created to generate money for the devs or owners. most of them are not even justified to be called as developers. so you can't really count on reviving old projects because most of them have no reason to exist. they have no actual use case and just used as a front to make money. what else can you expect in this market where you can create a money-making coin anonymously and can repeat again and again without being caught?

Piesel

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Quote from: isaac_clarke22 on June 06, 2022, 05:37:11 PM

Quote from: Piesel on June 05, 2022, 08:46:43 PM

~

Yeah, OP. You might be overthinking it too much. Sadly many altcoins now are seen as shitcoins due to how short some coins last in the market and sometimes you just gotta suck it up and accept it. It is an unpredictable market in the end plus it is the nature of it so there ain't much we can do about it.
Expect the same for the succeeding years, like another carbon copy of these NFTs claiming to be the "NFT killers". I even remembered some user in the other thread claiming that those coins he mentioned are "Ethereum killers". Cheesy

You are right with the development of NFT so many new projects that meet the demands of their users and give the industry some of the services that make cryptocurrency usage acceptable and flexible, I may have not been overthinking things but then again we could still find some good ico projects that can be rebuilt and transformed to fit into the current dispensation.

isaac_clarke22

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Quote from: Piesel on June 05, 2022, 08:46:43 PM

~

Yeah, OP. You might be overthinking it too much. Sadly many altcoins now are seen as shitcoins due to how short some coins last in the market and sometimes you just gotta suck it up and accept it. It is an unpredictable market in the end plus it is the nature of it so there ain't much we can do about it.
Expect the same for the succeeding years, like another carbon copy of these NFTs claiming to be the "NFT killers". I even remembered some user in the other thread claiming that if those coins he mentioned are "Ethereum killers". Cheesy

btc_angela

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If they are dead then I don't think there can be revived by the devs themselves obviously. And there's no need to do that unfortunately, others make a fork, but still they didn't get the consensus and support of the community with those supposedly new projects. And maybe they are not good in the first place that's why they didn't survived crypto space which become so saturated in the last 4 years that competition becomes tough. So if your project has no real life usage then it will become a shitcoin and die.

RussianEnglishTranslation

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Quote from: Piesel on June 05, 2022, 06:00:09 PM

Project fails because:
1: team failed to follow the whitepaper
2: a member of the team harms the project development process by making an exit scam
3: external attack from hackers
4: bad market forces etc,
Ethereum blockchain came as a savior to the scalability problems faced with the Bitcoin network, and ever since then a lot of coins have come and gone. Going through my old wallet today I stumbled on some old and dead coins which at a time promised to offer so many good features and solve real-time problems but at this moment their nowhere to be found and are dead and gone with all the good ideas behind those projects. Some of which can solve some services issues faced in the industry today and this made me ask this question, which of the old projects will you like to see coming back again to achieve its original project idea to solve some issues facing the cryptocurrency industry at the moment and why do you want to see them back identify the real-time problem that coin can solve.

There are a lot of reasons why projects fail, some of the ones you posted and others. One main reason is that there was never a solid business usecase from the start. Projects are building blockchains but they have no business customers, only users. This is one reason why I feel safe investing in HBAR and CNDL. HBAR has a couple dozen real enterprises on its governing council (like IBM and Google) and Candle Chain is engineered to host metaverses on top of it. Metaverses are going to be the next wave in crypto, and should pump massively when Facebook META releases its beta later this year.

masterrex

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IMO, I believe some of those reasons are true, And the idea of modernizing old projects is good but still, it will not work, without any working products and services to offer and that was already proven many times they should focus first on the project's token utilization to spur demand.

Because what I believe is that the platform's token demand will come from its use cases, the majority of the thriving old projects nowadays have already achieved full utilization of its token, meaning they have successfully offered something attractive like financial services, investments options, staking, etc. to drive token demands and encourage more crypto enthusiast to invest and hold their token.

Adbitco

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Always Act Smart and Play Safe With Your Funds

IEO, IDO and so many today have positioned lot of project in a very big chances to succeed. Then there were many projects with good concepts but with bad intentions scammers were providing all necessary information to run the marketing, promised all their good tidying about the project without knowing their purposes after they hits the certain amounts they projected on its leads to automatically folding/shorting down websites either for no reason. Some could say website update or rebranding, they will locked their telegram group so none could be able to contact them or to question them for their actions. I could also remembered then lot of project refused to reveal their team members which was a very slim chance for them to succeed then. But today lot of projects presenting their faces on whitepapers with their media handle for authenticity attracting more investors, coupled with VCs (Voice Chats, Video Calls) gives them more strength than ever., all these features weren't there as well.

Ulven

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It is already a known fact that many ICOs in the crypto world were failed. There's no need for recreating another project with a name that already has a very bad reputation. Before you create anything new, it is best to clean up the old one with neutral reputation that could be appealing to investors!! It depends on how you do it. If you have a plan to make the token alive again, if it has failed because of scam, then you need to make sure that you can make it fixed. If there's no problem with it, then of course don't use that old token again

danherbias07

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I have seen one good project with a good developer team but their main problem came from their marketing team.
Discord and Telegram groups should be handled with care. Let your investors criticize you to improve the project and not kick them away, ban them, or whatever negative reaction to what they say.
Now, that project that I am talking about is going to the trash because the supporters are gone and most are kicked out. That's not how it should be.
This is the modern-day, critics will always be around but that doesn't mean they are spreading FUD because it's their money that's on the line.

asriloni

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Mostly of tokens failed caused by they were scam. there's no need to make it alive again. If you can create a new project with neutral reputation and why should you use the old one that has owned a very bad reputation in the crypto? this is a problem for you. I meant you need to hardwork to make sure if you will able to clean the repuation of project. This is something that can't be done easily. You are picking a hardway if you are using the old project with bad reputation.
All of dead projects were coming from the bad behavior by its developers and it was also affecting the trust from the users as well.

yazher

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You own the pen

It won't work because once the name of the project got red-flagged it won't gain another trust again and those who were with the project in its early stages, will prevent the others to invest in it. That's why most of the time they will just renew everything because it's easy to promote the project that way rather than fixing the old one. Right now the choices are huge in numbers and coming up with a new idea with a new team will make it more likable to the investors.

Piesel

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Quote from: wheelz1200 on June 05, 2022, 07:40:30 PM

Ypu are thinking about it too much. Most every coin or project fails because they were never meant to succeed. Most of the time it's the same people cash grab and start a new one. People need to stop chasing greed and these projects will go away.

Maybe I should give it a break and stop thinking too much, but again we must know that not all altcoins are shit coins and not meant to go far, yeah we have seen so many recycling teams coming up with scam projects but then we can scrap out the legit few among them who suffer similar faith with the scammy one but in different ways and mostly because of no fault of theirs, should we now neglect their development. I don't have any coin in mind anyways.

wheelz1200

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Quote from: Piesel on June 05, 2022, 06:00:09 PM

Project fails because:
1: team failed to follow the whitepaper
2: a member of the team harms the project development process by making an exit scam
3: external attack from hackers
4: bad market forces etc,
Ethereum blockchain came as a savior to the scalability problems faced with the Bitcoin network, and ever since then a lot of coins have come and gone. Going through my old wallet today I stumbled on some old and dead coins which at a time promised to offer so many good features and solve real-time problems but at this moment their nowhere to be found and are dead and gone with all the good ideas behind those projects. Some of which can solve some services issues faced in the industry today and this made me ask this question, which of the old projects will you like to see coming back again to achieve its original project idea to solve some issues facing the cryptocurrency industry at the moment and why do you want to see them back identify the real-time problem that coin can solve.

Ypu are thinking about it too much. Most every coin or project fails because they were never meant to succeed. Most of the time it's the same people cash grab and start a new one. People need to stop chasing greed and these projects will go away.

Uang_kartal

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betfury

Until now, I still find even those who are still in the development stage for a marketing. If this is a means to refresh and increase their turnover in regenerating it's legal. Outside the ethereum network I often encounter it.

indeed some of these aspects can affect the course of the project that is being built.

you're right, Smart contrack was introduced on the ethereum network and was phenomenal since it was introduced. I've known it since 2020 maybe it's not too late.
I support any efforts in redeveloping developers, but I personally prefer a new project with a new whitepaper (if that's potential).

shinratensei_

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Quote from: Piesel on June 05, 2022, 06:00:09 PM

which of the old projects will you like to see coming back again to achieve its original project idea to solve some issues facing the cryptocurrency industry at the moment and why do you want to see them back identify the real-time problem that coin can solve.

I can't say which one it caused by mostly of dead projects were only imitating one to the each other. If you are seeing the market correctly and then when the project dead and there would be another project that is still exist in the market become a backup for the dead project.
So, recycling the dead project will never work especially when it already tagged by majority of investors as scam project. This can't be called as modernizing the old project but i prefer to call that as an effort to revive the old project.
That means if you wanna try to revive it

Yogee

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Quote from: Piesel on June 05, 2022, 06:00:09 PM

.... which of the old projects will you like to see coming back again to achieve its original project idea to solve some issues facing the cryptocurrency industry at the moment and why do you want to see them back identify the real-time problem that coin can solve.

You are probably talking about coins that launched prior 2017. If that's the case then they could have made a comeback in the last cycle's bullrun. I don't want any dead projects back. Why? Because they were dead for a good reason. Rebranding could work but only if people still remembers them. I doubt that would be the case fpr old projects since there are hundreds that pops out every day or every week.

dunfida

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^ Top altcoins do place up themselves on the peak rank for a reason and that includes ETH. Anything that does have some significant application and utility will really simply getting that kind of recognition in the community but not all does have the same utility or function yet there are even top coins in the market doesnt really able to follow up their roadmap which is epic fail but surprisingly
they are still getting sufficient support and engagement in the community but in overall i dont really see the relevance of it but lets just go along with the flow.

Topic: Modernizing old projects - page 2. (Read 279 times)