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Crypto communities worshipping coin/token founders is as anti-crypto as it gets.

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by COINS NEWS 89 Views

I don't know if this is a popular or unpopular opinion but this phenomenon has been driving me nuts ever since the whole ICO craze in 2017.

Look, I understand that it is reasonable to invest in a project (in this case a public or private company) when you believe in its CEO/Founder. Hell, even some of the biggest investors of our Generation advise us to search for companies with great leaders.

BUT, not only this phenomenon appears in cryptocurrencies, that shouldn't even have a founder in the first place, but the worshipping of crypto founders is just insane. I'm just going to say it from the bottom of my heart:

If your favorite cryptocurrency/coin/token/project has a single face behind it, then it's not a cryptocurrency.

Warning: I am going to mention specific projects here. This is not to witch hunt any project, but it's just to provide a few examples and explain my rant.

  • Cardano (ADA): I believe Cardano is a solid project, but the obsession of the community and the "founder" Charles Hoskinson is just insane, imo.

  • Safemoon: I don't know who needs to hear this today, but yes, this thing is a scam. Yet, search for an online safemoon community and you can see how they worship this con-artist John Karony. Captain HODL, Crypto Influencer of the Year... Brb lemme throw up real quick

  • Loopring (LRC): I too bought the hype. I still believe it's a solid project. But being part of the loopring subreddit made me realize how obsessed everyone was with individuals like Bryon etc.

  • HEX: This has been around for ages and it's even more relevant now that the "founder" Richard Heart is being called out. I mean, this guy is as obnoxious as it gets.

  • Tron (TRX): Justin Sun... We all know who this guy is. I seriously can't, and will not ever trust this guy. He's been shoving his nose everywhere and the TRX community adores him for some reason. Read more here

This whole tribalism, figure worshipping just doesn't make sense in a space where decentralisation is one of the fundamental pillars of the technology. Satoshi Nakamoto did what they did for a reason. They created btc, threw it in the streets and vanished. If this tells us anything is that a true cryptocurrency doesn't need to have a "founder", "CEO", "captain" behind it. The ultimate test is for it to survive through the power of its community alone.

submitted by /u/DerpJungler
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