Hello everyone..
One of the first things you learn about cryptocurrencies and about the long term profitability of a decentralized project, is that there must be absolute trust in the creator and the users. That's why developers disappearing is never a good sign. It is constantly emphasized the importance of maintaining direct contact in social networks or chat sites such as telegram or Discord, where developers constantly communicate important data for the project and thus gain an increasingly close trust with consumers, which to some extent will create a highly profitable project in the long term.
The most notorious example or the one I can highlight the most about the constant contact of the developers with the users is our LeoFinance community, where you can constantly communicate with the developers and clarify your doubts, also either on Discord, YouTube, telegram, Twitter and the Hive blog itself, you can receive all the updates and important news of this majestic project we are in.
Now, what would happen if suddenly the developers of Leofinance cut all communication with the community, eliminated all channels like Discord or telegram, and you never hear from them again, would you still believe in the project? Well, very hardly, since I do not see a clear sign of trust and honesty. In addition, another thing that generates a lot of distrust is that the developer of the project does not show his face and users never know who he is. But again this is totally avoided in the LeoFinance community where in every AMA the developers show their faces and talk to the community.
But why the lack of contact with the community is an indication of an upcoming disaster' Well, because this has been seen many times in other projects such as iron finance, crypto mines, squid game token, Viking Swap, among many others that if we try to name them, words would be missing, these fraudulent projects where the creators of nothing stop showing their faces (or never give it) and denounce alleged malicious attacks by hackers trying to steal funds from the community and as they fear for their safety disappear without further ado, never give an update or reason life of the project and the money you have invested, everything disappears in the same way.
And this has happened with one of the most dubious coins in the entire crypto industry, Recently one of the developers who has already disappeared completely, is one of the developers of the SHIBA INU called Ryoshi, who, although he already had more than a year without posting any updates on social networks, a year later has completely removed all publications Ryoshi profile of all social networks and blogs. And although this according to other experts is for the total decentralization of the project, this news can bring enormous panic to the community that recently is trying to get out of a blow as strong as it has been LUNA and UST where many have lost everything they had.
But at this point there could be conflicting opinions, as there are those who supported SHIBA as a currency that could be used as a daily use currency and somehow bring value to the global economy and others who flatly rejected projects like this and stayed away completely, as they knew SHIBA Inu as the worst scam on the internet even worse than safemoon. And although (I repeat) this was qualified as an attempt to totally decentralize SHIBA and make better developments around the meme with, others see it as bad signs of a clear fraud that is about to come out.
Since, seeing as one of the main developers, who never showed his face and now totally disappears from social networks, it is not a good sign. And although this for the moment has not affected the trade or the price of shiba, I think it is because of the new rise in the price of bitcoin that has had a rise in all currencies, but soon you could feel the panic in the market by the fall of another powerful currency. Although the community was attended by Shytoshi Kusama, we could expect a lot of panic because of Ryoshi's action.
But what do you think, do you think this will serve to decentralize SHIBA? Do you think this will affect the markets as Terra did?
