If a project gets too complicated

[Furryball]

If a crypto project gets too complicated to understand can it affect the projects adoption rate or people don't care this days where they put their money? I remember when Hex was launched many think it's a scam and so many complains about not understanding a thing about what the project is all about, what do you say ?

[BIT-BENDER]

I will say people for a certain care and are skeptical about where they put there fund/money, and that's why alt-coin project are scaling out, I think the only complication people are scared of are scams and lies, there is no other complication expect for -Newbie- who don't understand what project is. And the fear and complication is not only about scam but will the coin be bankable.

[Jawhead999]

Complicated or not doesn't affect the adoption, I'll just give you some example... it's Bitcoin.

Bitcoin is very complicated to understand, especially how it works, technical, coding and many more. I believe most peoples only know the basic thing only, but the trust Bitcoin and start to invest.

Bitcoin never promising anyone about pump x100 in 1 month or will become a mother of cryptocurrency... it's not. Unlike Hex it's promise to pump 11,500% in 129 days, just a classic ponzi scheme [1] Hex never talking about the project will help/solve a problem or create product, it's just money money and money.

[1] https://hex.com/

[ChiBitCTy]

There's absolutely not question this could be an issue for cryptocurrencies trying to gain mass adoption.  I do a lot of white paper reading and from what I have found, the vast majority of ICO's/cryptocurrency coins that have extremely complicated white papers are scams.  Of course not all are, but from what I've seen the majority are. 

On the other hand a majority of people are stupid and don't do homework, take a look at bitconnect for example..people will buy anything if others are doing the same.

[CuriousGeorge]

If a crypto project gets too complicated to understand can it affect the projects adoption rate or people don't care this days where they put their money?

These days people just only care about profit and they didn't care so much about the vision or mechanism that already used by the project or included in the long term plan. There are lots of projects that have the complicated idea but people don't care about that as long as they can create some bucks.

I remember when Hex was launched many think it's a scam and so many complains about not understanding a thing about what the project is all about, what do you say ?

People judge before try to take a look at the potential of project. At that day i remember there are lots of hex blamers.
The project is good but it's too much focus on the staking and no more.

[Kelvinid]

If a crypto project gets too complicated to understand can it affect the projects adoption rate or people don't care this days where they put their money? I remember when Hex was launched many think it's a scam and so many complains about not understanding a thing about what the project is all about, what do you say ?

In no asking, I will ignore them. This is commonly happening to new projects, no solid team, slow project response, they are actually ripping us and that is the reason why they fail.

Maybe I disregard this but I really don't know about HEX, does the project succeed? Because if that you said there are a lot of complaints about the project, I can picture it out how disregarding it was. Maybe some person could tell their story about this but I'd never think it was a positive one, it probably a heartbreaking story.

[Squezzi55]

Complicated or not doesn't affect the adoption, I'll just give you some example... it's Bitcoin.

Bitcoin is very complicated to understand, especially how it works, technical, coding and many more. I believe most peoples only know the basic thing only, but the trust Bitcoin and start to invest.

Bitcoin never promising anyone about pump x100 in 1 month or will become a mother of cryptocurrency... it's not. Unlike Hex it's promise to pump 11,500% in 129 days, just a classic ponzi scheme [1] Hex never talking about the project will help/solve a problem or create product, it's just money money and money.

[1] https://hex.com/

That's the main thing about hex, it's complicated and the team promised investors huge return, the truth is they fulfilled that promise already, Hex gets better the more people criticised the project, in crypto space you can make huge ROI from any projects if you know what you are doing

[semobo]

If a crypto project gets too complicated to understand can it affect the projects adoption rate or people don't care this days where they put their money? I remember when Hex was launched many think it's a scam and so many complains about not understanding a thing about what the project is all about, what do you say ?

Maybe the adoption was slower if the technology is unfamiliar to the crypto community but never going to die just because people don't understand. Nowadays people are investing based on community support rather than finding its future potential simply to make some quick bucks so any projects will get successful for sure when there is something unique in it.

[Coyster]

Investors don't need to understand everything about a project, most especially the inherent technicalities in the system, if the project owners can guarantee a solid system that's genuine and not a scam, with a working use case and not a reincarnated one, then that's enough for the Investors, though there are quite a lot of investors who go on to learn most technical aspects of the ecosystem they want to Invest in, but those who aren't so much tech-savvy can make do with research that's not based on the technical aspects of the network and most importantly to ensure the project is not a scam one.

[ipanks]

Yes, it is. If the project becomes complicated to understand and seems is not make sense, you should be careful and need to think twice to promote the project or leave it. People become smart because they already have much experience to identify it, the project will turn to scam or the project can continue. You need to be aware of that and always search for more news about the project.

[speedforce]

If a crypto project gets too complicated to understand can it affect the projects adoption rate or people don't care this days where they put their money? I remember when Hex was launched many think it's a scam and so many complains about not understanding a thing about what the project is all about, what do you say ?

Remember Bitcoin in the first day, the proposal and whitepaper was so complicated for mainstream people.
The long journey has past and still many people doesnt understand about it, but the progress looks good.
So its assume that even many people doesnt understand Bitcoin, as long its hype and they look as good investment, they dont care the complicated things at all.

[Ucy]

I usually assume that certain people who don't know much about crypto and its technical side would invest in projects with sophisticated words , that sound professional and complicated.
I actually prefer projects that can be very easy to understand by anyone, so that it won't be hard to understand by people who wish to be part of developing and securing the them. .

[barbara44]

How difficult and complicated are we talking about? I mean if it is "too hard" to understand that people never understand it, it will cause it to not get adopted too much, of course it could be a bit dangerous for the project to get too complicated, but I believe anything that is too complicated in the system, could be explained easier in the documents, so that means even if you build the most complex thing ever, just focus on knowing what is going on with the documents and explaining it easily to people would get you saved.

At the end of the day crypto people are not idiots, we are here and we deal with complicated things every day, many things we do here could be seen quite complicated by the people in regular life. So, I think you can get "too" complicated if you are not careful but that threshold is very low, like you need to be academics professor barely understand it level, and that is very rare.

[The Cryptovator]

Every project always tries to introduce themselves quite simply, so investors would understand where they are going to put their money. Projects have been trying to create an HYIP in a different way so that they could attract their investors. I don't think understanding a project is complicated for investors. Because very rarely newbie investing crypto projects. Based on this, I don't think a complicated theme will affect adoption. Very few people read the whitepaper, they just invest to get profits. That's how even a shit project getting funds. Peoples would think complicated means there is something potential.

[Becky666]

Sincerely speaking, any project that come along with complications will definitely have some side effect in adoption, although the said Bitcoin was the first on the list but was latter made simplified for everyone but those without simplification are the Urbit project which came after the Ethereum but becasue of it complications among some issue with the CEO controversial writings it never succeed, so, it disappear because of it complication and was never be adopted compare to Bitcoin and Ethereum. projects should be simplify for more adoption.

[isaac_clarke22]

~

What do you mean by complicated to understand, OP?
Like too technical to understand? Not sure why would a project would get so technical that investor won't have any idea what in the hell are they're investing at.

In an example scenario:
If I sell you a desktop computer, would you still be interested in buying if I told you the CPU Slot that the motherboard allows, what's the timing of the RAM, how many CUDA cores does the GPU have, but it's all a shitshow only to make you think that I am selling you a computer with the best specification.
I could be scamming you with those technicalities.

So now why project should get too technical? I wouldn't throw money if I don't have any idea what the project is all about.

[Flowzer]

Most people doesnt care about the complicated things. They always search a simply method to understand anything.
Even Bitcoin which really famous, im pretty sure many of them are not understand yet about it.

I took example for this DeFi hype, their program is to lend people cryptocurrency or stable coin by giving cryptocurrency as collaterall, how its can be makes a sense then?

[jossiel]

Of course, it will.

Why would people still get in on it if it's already complicated? If many understand what the project is all about then it will have a very hard time getting more investors.

But there are also investors that really don't care about its complexity and just keeps on investing whenever they want.

[cabalism13]

If a crypto project gets too complicated to understand can it affect the projects adoption rate or people don't care this days where they put their money? I remember when Hex was launched many think it's a scam and so many complains about not understanding a thing about what the project is all about, what do you say ?

Based on my experience on THOU Finance, yes.
The same way it did to the project and the adaptation was crucial so in the end, the THOU token was just a shitcoin to be considered.
Investors are way too careful now so it's really the opposite as they want to know whether can make huge money out of your project or not,
If things don't get the way it was intended to be then it's a BYE-BYE.

[pixie85]

I agree with those who say that it will affect it because people get scared that overly complicated projects are scam. Many times this was done to confuse investors so that they don't know what the project's goals are and how it is supposed to reach adoption.

If people don't find it appealing they won't invest and the project will not become popular. Most projects will never be popular so you can expect people to try to scam you because they know it's so hard to achieve anything in this market. It's easier to scam and make some money fast.