Why do some project developers like copying

isaac_clarke22

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Quote from: Pterosaur on April 25, 2022, 03:20:05 AM

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It's an attempt to milk out the hype, OP. Even if you provide what you think you will like, you cannot make people like what you provide. After IEOs just died out, all of the projects suddenly went NFTs and whatever Metaverse is because that's the thing right now and nobody would want an obsolete stuffs.
Even businesses outside crypto are doing this, a coffee shop would turn out to be a pure milk tea shop even if they have coffee shop in their names. This is why I don't want to visit any of these coffee shop anymore.

decodx

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Quote from: Asiska02 on April 28, 2022, 11:53:33 AM

This does not sound surprising anymore. These days project developers don’t do research anymore to bring new innovation again, rather they’d make use of the existing ones and then modify to a better taste that will attract customers and investors to them.

Well, I don't think that's entirely true. There are still new projects that bring innovations to the cryptosphere and modern technologies in general. There are still great ideas that people are working on right now that could change things for the better. One example would be peer-to-peer currency exchange that use decentralized blockchain tech. I am sure there will be a lot more of those as the technology grows.
But many developers choose to take the easier route. The easier route is to make profit in ICOs and get rich quick. The only downside of that is there are almost no interest for innovation. There is little incentive for individuals to take risks and push the boundaries. A lot of new ideas will die because there are no investors ready to support them. If they do get funding, there will still be no interest for innovation and a lot of what is created will fall into the boring category of daily crypto-trading.

Quote from: Asiska02 on April 28, 2022, 11:53:33 AM

The truth is that most of these projects are all scams. A true project will go extra mile to bring something innovative and exceptional from the existing one. They know the worth of the project and so they won’t joke with that that will tarnish the image of the project.

Sure, there are a lot of scam projects out there. But not all of them are. There are projects that actually have a solid chance of succeeding, they have potential to change the world, and people are backing them with large sums of money.

Viscore

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Quote from: Pterosaur on April 25, 2022, 03:20:05 AM

I think its a foul play if a project team that has a utility like privacy or swap tries to go metaverse and play2earn all of a sudden, why are developers of today like this? I just believe that they have accepted their failure and trying to look into what's currently trending but what they fail to see is that some projects have maintained their single use cases for years until their time comes around and things start going well, before play 2 earn games became a big thing today few projects have been around for quick some time.

I think let's just embrace that its always the trend that will attract more users and investors due to its high demand. And in some instances, what makes the trend is sometimes the root of scams because people have never thought it already because they focused much on the profits that they are going to earn. This is mostly what happened if those developers have become profit centered and never look on the long term impact of the project.

Asiska02

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This does not sound surprising anymore. These days project developers don’t do research anymore to bring new innovation again, rather they’d make use of the existing ones and then modify to a better taste that will attract customers and investors to them.

The truth is that most of these projects are all scams. A true project will go extra mile to bring something innovative and exceptional from the existing one. They know the worth of the project and so they won’t joke with that that will tarnish the image of the project.

KingsDen

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Quote from: Pterosaur on April 25, 2022, 03:20:05 AM

Why do some project developers like copying

Nothing is totally new anywhere. We feed on already existing ideas and modify them for better applications.
Even bitcoin got ideas from early cryptographic works of some people.
And today thousands of coins are available and the likes of litecoin, copied and modified bitcoin codes.
In as much as it is an open source, there is the expectation of developers copying an idea that is working and when a particular ideas has been copied for many times it becomes a trend.
So, it should not bother you much since no patent is stollen.

hugeblack

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You can think of two things why:

- The easy solution: Many developers are looking for the easy option to solve a problem for one of the blockchains, for example, most of the hard fork of Bitcoin adopts solutions such as increasing the block capacity, increasing the number of coins, decreasing the average block finding and so on.

- SCAM or quick earning: the optimal solution requires time, and users, when they find a solution to their problem, do not think if it is ideal or just an easy solution, and therefore they may invest some of their money in such projects.

Overall, the absence of a clear plan for the developers is a good indication to stay away from investing in that currency.

Outhue

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Take it or leave it, the fastest way to make money as a developer in crypto space is to copy others work, find a project with good utility and release a better version or add something the first one don't have, this has always been the game for many new projects showing up this days, do your own research and avoid getting trapped in such project.

Hypnosis00

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And that is not to wonder why these projects end fast as they are also following useless projects. They'll end up together...
These clone strategies made by scammers seem to have been started since ICO time and it was then carried on to the present where we can see these metaverses, NFTs projects, and P2E platforms going fast to spread but just to see how fast they died. It eventually does not really see it good and it tells how bad they are doing to the market, it certainly ruins the trust of the people.

Doan9269

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Quote from: Pterosaur on April 26, 2022, 03:39:24 AM

Ask yourself what type of projects find this easy to do in the first place? I believe the existence of such projects in the first place is to copy other strong altcoins in the market, they don't build themselves from scratch, so right from day one it's already in the blood, tell me, what do you expect? This is the only thing they know how to do.

I see that many fake projects that resulted to scam or waste of time started from plagiarising other successful projects, the thing is we are not discouraging any new technological innovation but it has to be base on their own personal research and findings then later they may choice to implement some functions by learning from what the existing projects offers and try to create an improved version, but i got surprised even at seeing some project readyb failing right before their launch because of their inadequate plan and preparation.

GEMIN_M4

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In the crypto space hype brings lot of money and these fake developers wont hesitate to take the advantage of any present hype just to make money, it's good you can identify such projects just try to avoid them at all costs and look for projects that are more realistic on following what they believe .

FuloosIO

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Quote from: Pterosaur on April 25, 2022, 03:20:05 AM

I think its a foul play if a project team that has a utility like privacy or swap tries to go metaverse and play2earn all of a sudden, why are developers of today like this? I just believe that they have accepted their failure and trying to look into what's currently trending but what they fail to see is that some projects have maintained their single use cases for years until their time comes around and things start going well, before play 2 earn games became a big thing today few projects have been around for quick some time.

Developers a good majority will just copy ideas as they lack the innovation to deploy their own ideas, but some will copy the idea and then improve and change the style of the idea to fit their project.

But copying ideas isn't always too bad, because the next developer could expand the idea into an improvement with new ideas and logical steps that other communities could be looking for.

GEMIN_M4

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It is rare to see people starting something from scratch without trying to use what others have used in the past, there are millions of dollars to be made in crypto space and that is enough for people to start pretending like they have an idea how blockchain runs, there are whitepapers to copy, there are hundreds of use cases to copy, what's next? They will just use a different name, website design and tokenomics.

Pterosaur

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Ask yourself what type of projects find this easy to do in the first place? I believe the existence of such projects in the first place is to copy other strong altcoins in the market, they don't build themselves from scratch, so right from day one it's already in the blood, tell me, what do you expect? This is the only thing they know how to do.

Rengga Jati

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If there is certain team project do the similar ways or copy or do some similar concepts, it means that the worth of the coin is not there.
Many new projects are following the previous ones, based on hype, only focus on getting money but not willing to make certain uniqueness.
additionallu it means that the project is not recommended for investment.
This is like what always happen so far such as what happen to Doge and others

Doan9269

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Quote from: Pterosaur on April 25, 2022, 03:20:05 AM

I think its a foul play if a project team that has a utility like privacy or swap tries to go metaverse and play2earn all of a sudden, why are developers of today like this?

We have to understand the desirability of the developers to withstand the challenges of competition in other for it to stand out, this developers have the idea and insight but lack two determining factors which are capital or access to fund and power, they must do what their comoetitors are doing in other for them to be among their category as we all know that the metaverse is the latest technology in town as this develooers must as well upgrade to that in other to het recognition but at the cause of doing this, there project got stucked on the way due to lack of proper funding to finish it into a successful one, they also lack the political power and influence that can triggered their success bit instead they face government regulation policies to worsen the case.

CryptocurencyKing

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Quote from: Pterosaur on April 25, 2022, 03:20:05 AM

I think its a foul play if a project team that has a utility like privacy or swap tries to go metaverse and play2earn all of a sudden, why are developers of today like this? I just believe that they have accepted their failure and trying to look into what's currently trending but what they fail to see is that some projects have maintained their single use cases for years until their time comes around and things start going well, before play 2 earn games became a big thing today few projects have been around for quick some time.

That could be a flag, a flag to be cautious.
Ideas are what breeds and pushes a a project. That's why we've got several of unique blockchains and also have some project anchor on those of others.

When there isn't a unique idea about a project, it becomes a sign of some possible pump and dump whatever in play, a rushed job for which, the developers just wants to pick up what they can and live. Sadly, the cryptosphere is one place this can happen and nothing else could be done about it after its done.

Buying into a project means, buying into the ideas of the project and not many people do that. Some just buy because a new project is out and that's it. No reviewingnof white paper and what have you.

Z390

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What do you expect? There are thousands of crypto projects out there that are faking everything including their use cases and utilities, using that to lure people into thinking that they may have found the real next gem but the whole purpose was to get their hands on money and slowly abandon the project.

Pmalek

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Ride the hype wave, that's why. They abandon their original ideas or complement them with the newest crypto trends because they aren't getting the response and the cash flow they originally expected. To change that, they take the easy route. Let's introduce whatever the kids are playing with these days. Not that long ago it was DeFi, then NFTs, and now the term metaverse keeps popping up all over the place.

When was the last time you heard someone say ICO or IEO? It's old news and isn't trendy. People have gotten tired of it. Come back in 3-4 years and something else will take over the NFT and metaverse craziness we have today.

noorman0

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[Nope]No hype delivers more than hope

For profit of course. The team usually gets the most allocation. And of course they're not going to dump it away that easily. The real competition is who among them will be eligible for adoption by other companies (even competitors) so that they don't have to break their own prices.
Actually they can propose improvement ideas from existing projects if they honestly mean just to preserve because they like the basic concept. In fact, we are basically in a business space where you always have to make a profit.

jackg

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https://bit.ly/387FXHi lightning theory

Most companies have been known to either attempt to acquire a rival or actively compete against them to eliminate them (this feels like the same thing but in crypto/open source space).

It might come from a place of developers feeling bad for the trust/faith they got from their initial investors, or, as said above it might be just them trying to get more funds (especially if they release a side token/auction).

Topic: Why do some project developers like copying (Read 232 times)