cryptocurrencyfan (OP)
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April 30, 2018, 05:28:53 PM |
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Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Kingigolo
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April 30, 2018, 05:50:31 PM |
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Well if you know anything about btc, you'll know that the real identity of great Satoshi Nakamoto is unknown yet it is still the most successful cryptocurrency in terms of market capitalization. So yes a project can and will thrive without the real identity of its developer(s). It just depend on whether the project solves a real life problem or does something relevant.
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Rozita
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April 30, 2018, 06:01:28 PM |
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Bitcoin developers are unknown. But it is the most successful cryptocurrency. But developers of all the other coins that I personally know are known. And I think developers of all the coins that will be created in future, must be known. Because no one will trust unknown developers as there are many scam projects.
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jademacoy
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April 30, 2018, 06:04:24 PM |
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Well it happen now and still cryptocoin like bitcoin is an example of cryptocoin still functioning for more than so many years. So i guess it could survive because no one has interfered on the cryptocurrency system even the government system. They are just only giving some advises regarding on this kind of investment. As we all know that all of us here who had join in the forum are all anonymous and what have we observe in this forum? well we are still free and continue in doing business so meaning we still survive and we will because some of the members here are depending now on bitcoin as their ways of getting another source for income. BTW i like your merit points.
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Virtual miner
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April 30, 2018, 06:08:41 PM |
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Well if you know anything about btc, you'll know that the real identity of great Satoshi Nakamoto is unknown yet it is still the most successful cryptocurrency in terms of market capitalization. So yes a project can and will thrive without the real identity of its developer(s). It just depend on whether the project solves a real life problem or does something relevant.
Absolutely ! What difference does it really make! You're right it is good that we are unaware of the founder of the bitcoin and there is no much chaos. Had Satoshi revealed his identity in today's date, there would have been a lot of critics opposing him. The crux of everything is that there is no need for the owner to be disclosed. Who is bothered about the owner until the system is working perfectly well. So the thing that really matters is what the project is and how well it goes. |
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odolvlobo
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April 30, 2018, 06:09:12 PM |
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The identity of any developer is only important if you need to trust them.
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PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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SaShiRaJaVu
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April 30, 2018, 06:38:05 PM |
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Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
What do you think about bitcoin, the initial developer is anonymous and still is revolutionized and created a new market, unless the project is aimed to get money from investors then the situation changes, if the developer is coming up with great ideas and if he really wants privacy, then he can remain anonymous and there is nothing wrong with it, we must not mix these with ICO and a developed coin. |
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ebliever
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April 30, 2018, 07:07:07 PM |
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Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
Ever heard of Bitcoin? OK, it may be reassuring to know the lead dev in some cases, though it really means nothing if the code is open source. Most of the time it is simply unnecessary. Particularly if the coin is decentralized, which should be a goal of any serious crypto project. |
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avikz
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April 30, 2018, 07:32:52 PM |
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Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
Yes it can! Bitcoin is the most popular example of it. It is a common phenomena that bitcoin has been created by someone called Satoshu Nakamoto but no one knows him for sure. We have seen numerous people claiming themselves as Satoshi but could not prove anything for their claims. So it is one of the biggest mistries of cryptocurrency world but still bitcoin didn't only survive but remained as number one since the inception. In crypto world, only merit matters. |
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Larster
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April 30, 2018, 08:16:22 PM |
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When the cryptocurrency starts being used as a currency - it does not matter who created it, but it only matters hows successfully it can be used. Like it does not matter who drew the pictures on dollar banknotes. But for a currency to become usable there must get some critical mass of trust in it. And this trust can be more easily acumulated by an established developer or even a group of developers. So I think that despite the Bitcoin example, in the future none-anonymous cryptos have better chances.
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RodeoX
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The revolution will be monetized!
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April 30, 2018, 08:20:19 PM |
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Who wrote the Internet protocol? How can you use a protocol if you don't know the developer who wrote it? Easy, you are doing it right now.
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tabas
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April 30, 2018, 08:29:54 PM |
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Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
It can survive if it was established it's market already and it has a bigger market cap. We don't know even who's the real Satoshi but we are remaining as a strong community with bitcoin. That's why a coin can survive even the dev/s are anonymous but if they will leave and abandon the coin that's a different story. |
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jpespa
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April 30, 2018, 08:33:05 PM |
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Well it happened to bitcoin and it is a successful cryptocurrency but I do no think it could happen to other coins and new incoming coins because bitcoin is different to them and at this time where there are many scammers, I don't think any coin will survive if dev is anonymous.
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faaty
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April 30, 2018, 08:35:10 PM |
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Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
yes of course it can survive. look at bitcoin. we dont know who satoshi nakomoto is but bitcoin survived. there is also komodo coin, team is anonymous because the coin itself is anonymous. And KMD is a very strong coin |
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Lehbane
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April 30, 2018, 08:45:45 PM |
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Development Team need to be public since people are trying to background check them in order to say their project is not a scam, this is a common theme for the project, but if you want all your team members to be anonymous, you need a big plan in order to achieve a big achievement. Since most of the people only buy token from projects they know the person behind is trustworthy. (This theme don't apply to BTC anymore)
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mautenisis
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April 30, 2018, 08:56:51 PM |
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When we are talking about the developers which are from the existing coins,these projects can easily survive despite of being anonymous,but if we are talkign about these new ICOs which has anonymous developers? i doubt it because most of the investors nowdays arent going to take the risk of putting their money into something that they arent sure of because 95% of these new projects are scams.
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coolcoinz
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April 30, 2018, 09:39:59 PM |
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Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
You don't think so, even though Bitcoin has survived for years with the dev being anonymous. You're not making sense. It doesn't matter who the dev is as long as the code can be viewed and analysed and the dev doesn't have any power. If the coin is premined and the dev owns a large chunk of it while remaining anonymous, it's going to be very hard to gain enough confidence for the coin to become popular. If he doesn't I see no reason not to trust the project. |
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kenelmark
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April 30, 2018, 09:40:11 PM |
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Can a cryptocoin survive if a dev remains anonymous?
I do not think so. What's your opinion?
Yes, it can relatively. and any guarantee it can survive if a dev is well known by you or anyone ?? No! but, I agree that if projects should be developed by people who are known by public to minimize chance of fraudulent that can disserve investors and distrust issue in crypto-world. |
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javadsalehi
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April 30, 2018, 11:02:34 PM |
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A cryocurrency cannot be successful if developers are anonymous. And bitcoin is exception as the first cryptocurrency. Who will pay money to a person or a team which is anonymous?
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Nissan-GTR
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April 30, 2018, 11:07:39 PM |
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Well if you know anything about btc, you'll know that the real identity of great Satoshi Nakamoto is unknown yet it is still the most successful cryptocurrency in terms of market capitalization. So yes a project can and will thrive without the real identity of its developer(s). It just depend on whether the project solves a real life problem or does something relevant.
Thats the point if Satoshi Nakamoto remimain unknown for the next more years I think the probability of this currency to survive will be lesser the fact that we dont know how can we make Bitcoins which is only known by the mentioned name, I think this will challenge us to make this forum lasts longer cause how could managers pay the workers if there's bo more single Bitcoin to be spread and distribute, thats kinda unexplainable scenario for me if it happens. |
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