If a project gets too complicated

[doctor877]

I believe everything is complex about cryptocurrency but the basic knowledge of it makes the next level a bit less complicated depending on whether you have a higher knowledge of codes or not. But still It dissent matter, you have to accept a project for what it is and then move to adopt it.

[AmoreJaz]

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 ?

Yes, absolutely.

The technology can be as convoluted as the founders please in order to achieve their ends. But when it comes to PR, the project's mission and solution must be able to be communicated extremely concisely and simply.

People's attention spans are low and with the abundance of altcoins out there, they don't want a 100-page academic paper on why this is the best coin. They adopt on the premise of realistic promises that can be summed up in a sentence or two.

the technology or service that they are providing should be understandable by layman's term or ordinary user. because if not, how can they gain users on their platform if they are the only ones understanding its purpose? sometimes high-end tech is quite difficult to understand, however, it depends on the team how they can relay to its users how it can be used in their everyday lives. if they cant get enough audience with their tech, i dont think their project will turn to be a valuable one in the future. they need users to prove that their tech is useful

[Myleschetty]

I believe everything is complex about cryptocurrency but the basic knowledge of it makes the next level a bit less complicated depending on whether you have a higher knowledge of codes or not. But still It dissent matter, you have to accept a project for what it is and then move to adopt it.

You said something good but we're talking about investment here and there's nothing we can call investment if the investors don't trust the project owner. How can you expect people to just accept a complicated project just the way it was.

[posi]

People care about where they put their money but if a project compliment but launch on a trusted platform (like Binance) and was able to integrate airdrop coins people will invest in it thats what we are seeing in Defi market.

 

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 project issue was different from been too complicate cause the project teams offer Roi features which is too good to be truth on their project and people sees the project as scam.

[FinneysTrueVision]

Some cryptocurrencies are complicated to understand such as ethereum but they have managed to become popular. With the right amount of education people will understand why the complexities are necessary. There are other projects like Tron and EOS which I feel are unnecessarily complicated because they have these additional things like bandwidth and RAM. I think at some point it can get confusing to newcomers and it will impact their level of adoption.

[X-ray]

there's nothing we can call investment if the investors don't trust the project owner. How can you expect people to just accept a complicated project just the way it was.

Agreed, the investment will come from the trust by the secondary party to the first party who will be running the development to create a product that can be used by a lot of people.
Usually, the complicated project will become a very difficult thing to be developed and this is happening so many times when project was taking the a complicated idea and they will always be ended as scam project but this depends on the how skillful the developers too.

[Farma]

I thought it had an effect. however, wise investors will try to understand how the system or the workings of the place they will invest in. however, if the system is too complex, and doesn't add any obvious benefits, I don't think investors will find it easy to invest there either.

[Myleschetty]

there's nothing we can call investment if the investors don't trust the project owner. How can you expect people to just accept a complicated project just the way it was.

Agreed, the investment will come from the trust by the secondary party to the first party who will be running the development to create a product that can be used by a lot of people.
Usually, the complicated project will become a very difficult thing to be developed and this is happening so many times when project was taking the a complicated idea and they will always be ended as scam project but this depends on the how skillful the developers too.

The trust people had in Bitcoin is what make Bitcoin the number one crypto till now but still how skillful the developer is shouldn't be used to justify a project been complicated and it does not save a project from been scam.

[Willitivity]

If a project gets too complicated I think it becomes a problem for the investors as they will be unable to understand the purpose or the sole aim of that project, I quickly get discouraged to invest in any project which I don't understand their purpose or token use case, making a project complicated will only drive potential investors away cause I believe no one would want invest into a project which they don't understand, I think its important for the devs always try to make a project understandable even to an average Joe.

[sapnu]

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 ?

Obviously, people won't mind participating on the project if they are already witnessing that it wouldn't work out. But actually, there are instances when some careless people joins in on one, it is all because they do not really care what the project promotes of it has a high probability of succeeding, they just want to join one without thinking about where will they money go afterwards. It is very important before joining a project that you pay great attention on the moderator or the head of the project, see if they have a reputation built already when it comes to making a project successful then see if the purpose is beneficial to many and not only for you.

[Viscore]

If a project gets too complicated I think it becomes a problem for the investors as they will be unable to understand the purpose or the sole aim of that project, I quickly get discouraged to invest in any project which I don't understand their purpose or token use case, making a project complicated will only drive potential investors away cause I believe no one would want invest into a project which they don't understand, I think its important for the devs always try to make a project understandable even to an average Joe.

If that so, I simply don't include it in the list. I'd rather have to risk my money with have a huge profit assurance than risking for a bigger chance of losing. And that is not what we meant to happen of coming here.

It is the responsibility of the developers to take care of their project and in order to gain trust from the investors, they should have to prove that their project are worthy. Otherwise, they all waving away from that particular project ad look for the best one. This mean that, it gonna have to show pontentiality as it was the only hopes to get investors.

[prehisto]

In egneral , no it is not a huge problem. it can tough be a problem for growing adoption, just think about it , if the team is not able to explain their ideas, concepts and tools they want to provide in simple manner, most wont listen to them anyways because of how complicated it is. It can be a red flag in a situation when team is just throwing key words together, just to generate hype arounf them , but in reality they have nothing to show for it.

[senyorito123]

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?

Project which makes too complicated doesn't matter to people, they still pursuing to join the project as long they find it promising, trusted and with a good foundation.It helps a lot to know everything about the project so that it is not harder to understand and follow the process. I guess being complicated of the project is normal when it comes to upgrading different part of the project such as its system and other things.

[isaac_clarke22]

~

You're pointing out those people doing just petty investments to random projects like they don't care if it is a scam or not a long-term project, isn't it?
I guess this is why those shit/crap projects keep returning back to hunt more of their preys.
It is okay if it just an airdrop we're talking about but a project? Hell no.

[uneng]

In egneral , no it is not a huge problem. it can tough be a problem for growing adoption, just think about it , if the team is not able to explain their ideas, concepts and tools they want to provide in simple manner, most wont listen to them anyways because of how complicated it is. It can be a red flag in a situation when team is just throwing key words together, just to generate hype arounf them , but in reality they have nothing to show for it.

I believe it can be a problem for adoption if the project's token gets too complicated to be used/acquired, but people really don't care if they understand the project's technicalities. Actually most investors don't understand how bitcoin, blockchain and crypto universe works, but everyone still uses them without any issues. As long the project is simple to use (practical) and is profitable there won't be any adoption issues on short run, but on long run it also has to be professional, innovative and useful from a real application perspective.

[coinporch]

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 ?

people need to learn more about blockchain technology my friend
especially for new people, for me there is no complicated project
read the whitepaper carefully and ask to the team if you don't understand about the project, simple right ?

[Vaculin]

~

You're pointing out those people doing just petty investments to random projects like they don't care if it is a scam or not a long-term project, isn't it?
I guess this is why those shit/crap projects keep returning back to hunt more of their preys.
It is okay if it just an airdrop we're talking about but a project? Hell no.

This kind of activity will never be stopped until such time that people will be learning about their mistakes and if they don't allow themselves become prey to these scammers. There are a lot of complaints about abandoned projects where many are investing in them but it is very unfortunate that we can't do anything to recover our money from them. Because we are concerned about the future of our investment, I believe we don't choose those projects whose credibility is in question already.

[kevinzxz]

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 my opinion, for now, everyone is getting smart about choosing cryptocurrency they want to invest, because now not all cryptocurrency whose price can increase very high (like in 2017), but for now only cryptocurrency have a good idea and product whose price can increase very high, therefore for now only a few cryptocurrency can survive and the price can increase very high, but there are also people who want to get profit quickly, so they invest in cryptocurrency whose project are trending, but my advice if you want to invest for the long term, then you better choose a project that is a good and useful in the future (not following a trending project), but if you just want to trading (get profit in the short term), then investing and following a trending project is the right choice, although the risk is also very big, because trend can change at any time quickly.

[asriloni]

read the whitepaper carefully and ask to the team if you don't understand about the project, simple right ?

You can't generalize a lot of people especially for the newcomer will be the same as you. You are a part of early adopter of crypto and that's why you have a better knowledge than the newcomer that recently joining in the crypto
In my opinion there are lots of project were using complicated idea on their roadmap. that makes the newbies can't understand what the main aim of such project.

That's why the complicated project will get a lot of problem on miss communication with the community or new adopters.

[devollito]

Hex is not complicated project, and i still arguing that hex possibly a ponzi scheme. Complicated project is like studentcoin, sovryn ( DeFi project for bitcoin using RSK network ), vulcan forged ( games and nft project ). Thats complicated project. People went away from look a like scam project not complicated.