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Mahanton
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February 12, 2021, 08:59:20 PM
 #21

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 ?

When it comes to project knowledge and making or tending to have some investment then its up to someones responsibility on understanding what a certain project is all about.
I don't see much of a problem on understanding particular because if you've been here on this market then technicalities aren't really on that difficult part for you to understand.
Some are just too lazy when making up some research and directly making some presumption that it isn't a good one because you didn't able to understand.

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February 12, 2021, 09:04:56 PM
Last edit: February 16, 2021, 12:19:05 AM by Danslip
 #22

The majority of the investors do serious research before investing big but for small funds, they skip the theory part. If the project is somehow hard to understand for me, I will not invest big amounts. If the same project is referred by an expert another investor, I will keep my bets as small as possible.

I just think that the crypto project should be kept as simple as possible with an honest development team and a clear project road map, so that the project runs smoothly and the tokens are on schedule. with it, there will be no more complicated words and doubts.
It is hard to find a clean project nowadays, the newly launched projects have some serious glitches. The lack of transparency and legit whitepaper keeps me away from the new projects, some projects even offer high returns on the investment but it doesn't worth spending time, money for useless tokens copied from alternative projects.
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February 12, 2021, 09:41:29 PM
 #23

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 ?
Everyone has their own opinion about new projects some like them some do not. But regardless of the quality most projects do good in bull markets value wise. In the end it is the right of the individual to skip a project based on his analysis as he is solely responsible for his money and decision.

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February 14, 2021, 07:32:35 PM
 #24

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 ?

If there were no obvious benefits, then no one would have dealt with Defi or cryptocurrency. There is a risk in any money business, and everyone who deals with fiat investments or digital currencies understands the extent of possible losses. Before making any decisions, you need to analyze all the pros and cons.

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February 14, 2021, 07:36:03 PM
 #25

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 ?
I do not like such projects and the reason is simple, when i cannot easily understand the things about the project i do not think i can hold, support or work with such a project even if the project does well in the end personally i sell it and exit because i do not lile complexities and that is for sure.

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February 14, 2021, 07:38:28 PM
 #26

Ideally the whitepaper is written well enough that even "normal" people can understand the benefits and key features of a project without having to google every second word in it.
If a project is really all about new tech than the best thing is to publish a normal whitepaper and additionally a technical whitepaper where interested and knowledgeable folks can dig deep into code, parameters equations and so on.

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February 15, 2021, 08:50:22 PM
 #27

If a crypto project gets too complicated to understand can it affect the projects adoption rate?
If a project's plans seem complicated, it will definitely affect the rate of adoption(just like your example with HEX) or for a new projects it will affect the rate of new investors coming in, nowadays people don't want to spend time reading 100+ pages on the white paper before investing in any project, they just want  quick profits, I can't blame them most projects after all the promises they make on the whitepaper they end up not accomplishing or fulfilling them.

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February 15, 2021, 09:02:05 PM
 #28

60 to 70% of investors in this crypto space does not care about the long or short term of the project they invest in. they do not care about the color of the project whitepaper. including me. am sorry but i have learn my lesson. Majority invested because a top crypto expert in crypto analysis or a crypto group told them that the project is good and have long term plans. nobody cares about the project roadmap. we all want quick money.

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February 15, 2021, 09:23:59 PM
 #29

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 ?

Mostly, others don't really mind what the project's concept is. Based on my experiences with several projects, most people are just looking at the possible market price for it and on what exchange it will be listed. Only a few talks about the technical side.

For me, the adoption rate of the project will not be affected even others are found it complicated to understand because they just want to expect good profit someday. That's the reality even on Bitcoin.

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February 15, 2021, 09:30:00 PM
 #30

I think a project being too complicated to understand by people doesn't really affect or stop people from throwing money into it, but one thing I must make mention of is that no matter how complicated a project gets, there are people out there who will understand all about the project, take bitcoin as an example, bitcoin is a very complicated project to understand, but yet, there are people out there who clearly explain to you everything you need to know on how bitcoin works.

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February 15, 2021, 09:32:16 PM
 #31

2017 had passed. everything had changed already that whenever a project just mentioned the word "decentralized" everyone comes running to send their coins in exchange for the tokens. today a team has to battle first with all the questions and accusations before they could make investors take a look at what they are offering. i have no idea about HEX but there are certainly more interesting projects than this HEX thus the reason why it's still $0.01.

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February 15, 2021, 09:49:57 PM
 #32

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?



A bit agree, i dont know what DeFi is until now. The one information i got is DeFi investment give you amazing return nowadays.
I think DeFi mechanism still complicated for me, also the  news of hack on DeFi was pathetic.

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February 16, 2021, 01:05:34 AM
 #33

60 to 70% of investors in this crypto space does not care about the long or short term of the project they invest in.
Agreed and the majority of investors in the crypto-only care about the hype and listing. The investors are thinking about how much ROI that they can get it from the project. It doesn't matter how complicated the whitepaper as long as they can get a lot of profit from their investment and that would not be a big problem at all.
The whitepaper just additional info related to the project.



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February 16, 2021, 12:46:38 PM
 #34

There are many such projects that are complicated but successful in the marketplace. Bitcoin and Hex are the best examples of this. But I think I will invest in a project that I can understand. Of course, I wouldn't invest in a project without knowing what I'm investing in. So I will tell everyone that you invest in the project that you understand well. And by doing market research, you can understand that the project is profitable INVESTMENT So Far.

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February 16, 2021, 01:03:07 PM
 #35

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 ?

Hex was not called a scam project because it is too complicated for people to understand, it was called a scam because of the way the tokens distribution was skewed towards the main developer, I am still not convinced about HEX but I still believe the developer has too much influence on it, if you want to make head way in this space, you need to make the community have a huge say in the direction of the project, especially the tokenmetrics because people will see through your greed if you are looking after your own pocket

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..PAND Deflationary Token..
..(One People – One Token)..
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..Community Owned Token......
..No Team or Dev Token Hold...
Autostaking
Deflationary
Memes Token
.TELEGRAM.
ashmodeus
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February 16, 2021, 01:46:22 PM
 #36

well , another curiosity about HEX , i also curious about hex , but after i try to review , they even do not have a team, whitepaper , roadmap , hex just instant finished product from nowhere to somewhere. its too complicated to me to understand how Hex have a value after all, because its not like another tokens , i do not see any real demand for this HEX . almost 2 billions marketcap but no real demand, its really strange, i wonder its that possible to get x 50++ just for staking ?
but well, if u want to do a quick "hit, waiting then run" , its fine i guess.
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February 16, 2021, 02:11:00 PM
 #37

It's always in investors best interest to understand what they are investing their hard earned cash on, do not invest in something you don't understand because think about it, how is any of this make any sense?
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February 16, 2021, 02:13:04 PM
 #38

well , another curiosity about HEX , i also curious about hex , but after i try to review , they even do not have a team, whitepaper , roadmap , hex just instant finished product from nowhere to somewhere. its too complicated to me to understand how Hex have a value after all, because its not like another tokens , i do not see any real demand for this HEX . almost 2 billions marketcap but no real demand, its really strange, i wonder its that possible to get x 50++ just for staking ?
but well, if u want to do a quick "hit, waiting then run" , its fine i guess.
HEX have a team and everyone knows the CEO himself, you need to do good research before saying something you aren't really sure about, I'm not a fan of hex but it does bring profits to those who believed in the project, too complicated for me to and I don't like investing money on something I don't understand, it's like putting oneself in the dark
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February 16, 2021, 02:16:58 PM
 #39

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 ?

After all, Blockchain is a very complicated technology, and so many people have understood it. More and more people get to know about it and want to adopt it in business.
I think if a project is complicated, the developers just have to explain it. It is up to the developers to write a clear and easy to read whitepaper. This should guarantee success.

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February 16, 2021, 02:23:49 PM
 #40

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 ?

After all, Blockchain is a very complicated technology, and so many people have understood it. More and more people get to know about it and want to adopt it in business.
I think if a project is complicated, the developers just have to explain it. It is up to the developers to write a clear and easy to read whitepaper. This should guarantee success.
We are not talking about blockchain technology here, some projects have use cases that are confusing, I believe that's what OP is referring to, every blockchain newbie will surely find blockchain confusing at first but the discussion is about use cases that can't be understand, check HEx out for example

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