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October 28, 2015, 01:57:41 PM |
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Because altcoins are usually decentralized networks, they can sometimes keep running for awhile without needing any help from the original developers. So for someone else to come in and "take it over" means that they want to be the new developer, hopefully releasing their own software updates and new versions of the coin's wallet.
The truth is that cryptocurrency networks aren't fully decentralized as long as they rely on software updates from 1 dev to keep them running. Plus you have to agree to the centralized rules of the software to use it anyway, rules which were made by 1 person - coin supply, block rewards, etc.
So as soon as a coin loses its centralized leadership, people start begging for someone else to step in and be the new dictator.
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