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Author Topic: Important: Do your research which devs are building a coin  (Read 2712 times)

Offline Phu Juck

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Important: Do your research which devs are building a coin
« on: June 12, 2021, 06:00:06 PM »
When you exchange your valuable Bitcoin or Ethereum for a different alt coin, you really need to research which devs are behind it.
It is very important because devs are making a project successful, or if it’s a bad dev, can make it fail.

A good dev should have huge knowledge in crypto, coding and computer science because he needs to achieve a secure and fast blockchain. If he does not make a good code, such platform can be hacked and coins will be lost and lose value because of price dump.


Dev examples of good coins:


Bitcoin [BTC]

Bitcoin is built by Satoshi Nakamoto who made a really big invention: PoW
He created Bitcoin and it worked very well. Many people were impressed by his coding skills. Today, really good devs are still developing Bitcoin like Peter Wuille and George Antonopoulos. Bitcoin has very good devs and it was proven, when Bitcoin’s Seg Wit was developed because it was a great invention.
Bitcoin is a very clear example for good devs.


Ethereum [ETH]

Ethereum is also very famous for good code and huge achievements. Behind Ethereum are great devs like Vitalik Buterin and Joseph Lubin. Vitalik Buterin is very wise, a great computer scientist and coder who has shown his skills in Ethereum and is developing Ethereum 2.0, a huge coding network.
Ethereum has really a great team of devs.


Avalanche [AVAX]

Avalanche was invented by Emin Gün Sirer. He is a really famous computer scientist and has a huge reputation as a professor at Cornell University in America. He has written so many academic research and gained a lot of knowledge which lead to his invention of Avalanche. At Avalanche, also Kevin Sekniqi is a dev, who is also a computer scientist from Cornell University in America.
Avalanche devs are really scientific and have achieved so much technical code.


Yearn Finance [YFI]

Yearn Finance has a really great dev, Andre Cronje.
Andre Cronje invented Yearn Finance before Defi got famous. He is for Defi what Satoshi Nakamoto is for crypto when Satoshi invented Bitcoin.



Andre Cronje has written such a good code to enable a decentralized finance.

Yearn Finance is currently very undervalued because many shit Defi projects are doing a better marketing.






Dev examples for bad coins


Binance coin [BNB]

Binance is a very weak platform and very unproven. And has it real devs? Because Binance CEO does not seem to be a coder. He’s only active at marketing.
Binance seems to be really a bad coin.


Tron coin [TRON]

Tron coin was launched by Justin Sun to defeat Ethereum but people don’t like Tron. It can be seen easily about Justin Sun’s coding skills: he can’t it!
For Tron’s devs it can be seen clearly: Tron has no scientific standards which are needed for defeat Ethereum.
Like Binance, Justin Sun from Tron is only good for marketing and for coding, Tron is like Binance not a robust network.
Maybe it’s simple copy paste.



Now you know: Dev is very important for coding every coin and research about it will make us find good coins for a profit!
« Last Edit: June 12, 2021, 06:04:15 PM by Phu Juck »
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Important: Do your research which devs are building a coin
« on: June 12, 2021, 06:00:06 PM »

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Re: Important: Do your research which devs are building a coin
« Reply #1 on: June 12, 2021, 06:16:48 PM »
@Phu Juck thanks for doing such an interesting analysis, but I think you are very wrong. To start with what you said about Bitcoin, no one knows if Satoshi is a single person or if there were more people involved. A project generally consists of several people, and not all of those people have to be programming experts for the project to be a success. Each person has their role within the team and together they make it a success.
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Offline Phu Juck

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Re: Important: Do your research which devs are building a coin
« Reply #2 on: June 12, 2021, 07:02:01 PM »
To start with what you said about Bitcoin, no one knows if Satoshi is a single person or if there were more people involved.
You are right, we don't know much about Satoshi but we know about his excellent coding skills which made Bitcoin so famous because Bitcoin is a huge and revolutionary protocol, it is very safe and never got hacked because it was very good researched about computer science and coded very excellent.

A project generally consists of several people, and not all of those people have to be programming experts for the project to be a success. Each person has their role within the team and together they make it a success.
But coding and programming skills are extremely important for a project because if no coding exists, a project will fail. It can happen for team members to copy an existing project and use it as a fork but such projects are very bad if no team member can code new features and such coins will be fail.
Coding and computer scientist members are extremely important for a project to make new, revolutionary fetaures, code it and make it work, like Satoshi Nakamoto did, when he coded Bitcoin.
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Re: Important: Do your research which devs are building a coin
« Reply #3 on: June 12, 2021, 07:02:46 PM »
Yes i always research abot the backend team of a project as tgey help me much do decide if it is a legit project or not. Iof the devs are good have good reputation in the world this is very unlikely that they are going to evolve with any type of scam projects. This helps me to prevent my money by investing in scam projects.
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Re: Important: Do your research which devs are building a coin
« Reply #4 on: June 12, 2021, 07:17:14 PM »
@Phu Juck I agree with you. But what you say does not imply that all members of a team must be coders or that a CEO must be an expert. There are many successful projects where the CEO does not know anything about programming in any type of language. The teams are made up of experts in each field, some must program codes, others do marketing, the CEO looks for investors and other things...
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Offline Phu Juck

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Re: Important: Do your research which devs are building a coin
« Reply #5 on: June 12, 2021, 07:24:03 PM »
But what you say does not imply that all members of a team must be coders or that a CEO must be an expert. There are many successful projects where the CEO does not know anything about programming in any type of language. The teams are made up of experts in each field, some must program codes, others do marketing, the CEO looks for investors and other things...
Yes, but coding is extremely important for a project. If a project does not have a good code and people don't know about computer science and how to code ideas and features into a coin, such a coin will be fail like for example Tron Coin.
Each coin will be evaluated for features, robustness, security, scalability and decentralization and if team members don't know about computer science and can't code, it won't have a good result for techical details of a coin.
Developing a revolutionary coin requires so much skills and only really good devs will achieve it.
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Re: Important: Do your research which devs are building a coin
« Reply #6 on: June 13, 2021, 06:49:36 AM »


The devs are playing a very important role in the success of any project, since what we are actually dealing here in the world of cryptocurrency is a bunch of programs. However, it does not necessarily mean that this is the only aspect we have to look at.  Good devs can be found and hired if one has the money. In some cases, good devs can be hampered by lack of marketing, which is also another critical component for any project. Now, the problem is that how do we really assess good devs when they are not really our neighbors and anybody can be making fake profiles? The bottom line is that there is no sure-fire formula in determining if a project can be successful or not but definitely looking at the devs can help.

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Re: Important: Do your research which devs are building a coin
« Reply #6 on: June 13, 2021, 06:49:36 AM »


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Re: Important: Do your research which devs are building a coin
« Reply #7 on: June 13, 2021, 10:26:19 AM »
Yes, but coding is extremely important for a project. If a project does not have a good code and people don't know about computer science and how to code ideas and features into a coin, such a coin will be fail like for example Tron Coin.
Each coin will be evaluated for features, robustness, security, scalability and decentralization and if team members don't know about computer science and can't code, it won't have a good result for techical details of a coin.
Developing a revolutionary coin requires so much skills and only really good devs will achieve it.

According to your OP, you say that BNB and Tron are two bad projects. Could you tell me why in your opinion they are bad?. Are they bad because their CEOs can't write code?. There are many people who contribute Bitcoin and they are not people who write code, without those people maybe Bitcoin would not have gotten to where it is now, and we can say the same about Ethereum.
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Re: Important: Do your research which devs are building a coin
« Reply #8 on: June 13, 2021, 04:17:20 PM »
I think your argument is too shallow mate, how could you say that Tron and Binance are bad when in reality they are the two of the top-ranking cryptocurrencies in the crypto space today? In that case, I don't agree with your observation, Although that a knowledgeable coder CEO can be an advantage to any project at some point. But it doesn't mean that your a good coin/platform, you should base your assessment in all aspects not only on one side.

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Re: Important: Do your research which devs are building a coin
« Reply #9 on: June 13, 2021, 05:10:33 PM »
I think in order for a project to be successful, many people have to work together, not everyone has to become proficient in all the subjects.  Each person has their own role in the team and they work together to make the task a success.

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Re: Important: Do your research which devs are building a coin
« Reply #10 on: June 13, 2021, 10:08:14 PM »
You shouldn't be bias, bnb and tron are not example of a bad coin, you must not miss things up because you favor some projects more than others, bnb may be a centralize project but that does not make it a bad coin, am surprise out of the shitty project in the market you can point fingers at bnb and tron, anyways this are your personal opinion, but people are making their profit on this coins while you hate.

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Re: Important: Do your research which devs are building a coin
« Reply #11 on: June 14, 2021, 04:57:11 AM »
Appreciated this interesting topic.

You didn't referred something bad.  ;)

Your example for bad coins aren't really bad, all are good. I will choose them than shit coins out there. Tron and Binance is much better than the new shit coins or looks like with good devs but without huge partnership and achievements.
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Re: Important: Do your research which devs are building a coin
« Reply #12 on: June 14, 2021, 11:22:18 AM »
Something similar to an upward rollback began on BTC. Not surprising, since the R3 has powerful last-hit magic. For a rollback, we have two resistances: R2, a zone of limit density + meeting a counter-trend ~ 45K How many people went to short and waited to be given 20 to buy. It is quite possible that we will not return to 30,000 anymore in the near future.
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Re: Important: Do your research which devs are building a coin
« Reply #13 on: June 20, 2021, 01:42:12 PM »
Yes, but coding is extremely important for a project. If a project does not have a good code and people don't know about computer science and how to code ideas and features into a coin, such a coin will be fail like for example Tron Coin.
Each coin will be evaluated for features, robustness, security, scalability and decentralization and if team members don't know about computer science and can't code, it won't have a good result for techical details of a coin.
Developing a revolutionary coin requires so much skills and only really good devs will achieve it.

According to your OP, you say that BNB and Tron are two bad projects. Could you tell me why in your opinion they are bad?.
Yes

Are they bad because their CEOs can't write code?. There are many people who contribute Bitcoin and they are not people who write code, without those people maybe Bitcoin would not have gotten to where it is now, and we can say the same about Ethereum.
Tron and Binance are bad because it's bad code. If you really ask a professional computer scientist like devs from Bitcoin or Avalanche, Tron and Binance are very poor quality code. It is like when you have built a house for cheap but later you see parliament building, it is a very big difference.


I think your argument is too shallow mate, how could you say that Tron and Binance are bad when in reality they are the two of the top-ranking cryptocurrencies in the crypto space today?
No, my argument is valid.
Tron and Binance are made of very bad code, it's really a very weak project.
Tron and Binance is only ranked very high because of market manipulation and fake marketing lies. Tron and Binance have a lot of money to spread fake marketing also against competitors. But some time, marketing money will disappera and bad code projects will suffer a lot.
It always needs some time to weed out bad projects.


The devs are playing a very important role in the success of any project, since what we are actually dealing here in the world of cryptocurrency is a bunch of programs.
Yes, you are right, dev is very important for a project to be successful. Projects will get more challanges over time and when only a bad dev is hired, low quality projects will get huge issue.


When we are at a bear market now, it can be more likely for really good code projects to survive and have less price loss.
And in addition, we will see many new features developed by experienced devs and coders like Defi and NFT was invented recently.
Always buy top coins of Defi: Yearn Finance from Andre Cronje and Avalanche from Emin Gün Sirer

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Re: Important: Do your research which devs are building a coin
« Reply #14 on: June 20, 2021, 01:54:18 PM »
Yes, but coding is extremely important for a project. If a project does not have a good code and people don't know about computer science and how to code ideas and features into a coin, such a coin will be fail like for example Tron Coin.
Each coin will be evaluated for features, robustness, security, scalability and decentralization and if team members don't know about computer science and can't code, it won't have a good result for techical details of a coin.
Developing a revolutionary coin requires so much skills and only really good devs will achieve it.

According to your OP, you say that BNB and Tron are two bad projects. Could you tell me why in your opinion they are bad?.
Yes

Are they bad because their CEOs can't write code?. There are many people who contribute Bitcoin and they are not people who write code, without those people maybe Bitcoin would not have gotten to where it is now, and we can say the same about Ethereum.
Tron and Binance are bad because it's bad code. If you really ask a professional computer scientist like devs from Bitcoin or Avalanche, Tron and Binance are very poor quality code. It is like when you have built a house for cheap but later you see parliament building, it is a very big difference.


I think your argument is too shallow mate, how could you say that Tron and Binance are bad when in reality they are the two of the top-ranking cryptocurrencies in the crypto space today?
No, my argument is valid.
Tron and Binance are made of very bad code, it's really a very weak project.
Tron and Binance is only ranked very high because of market manipulation and fake marketing lies. Tron and Binance have a lot of money to spread fake marketing also against competitors. But some time, marketing money will disappera and bad code projects will suffer a lot.
It always needs some time to weed out bad projects.


The devs are playing a very important role in the success of any project, since what we are actually dealing here in the world of cryptocurrency is a bunch of programs.
Yes, you are right, dev is very important for a project to be successful. Projects will get more challanges over time and when only a bad dev is hired, low quality projects will get huge issue.


When we are at a bear market now, it can be more likely for really good code projects to survive and have less price loss.
And in addition, we will see many new features developed by experienced devs and coders like Defi and NFT was invented recently.

I know several cryptocurrency developers, one of them uses the Tron ​​chain for his project and another uses the BSC chain. Although the code of a project is important, the most important thing is the team as a whole. Tron and Binance is only ranked very high because of market manipulation and fake marketing lies?. Binance and Tron work with lies?. Or through use cases?. With all due respect, you don't know what you're saying.

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