The “it’s solid team and project” argument doesn’t work anymore.

I used to think it did, it has been the reason I’ve invested in specific projects, but you know what, it doesn’t work. Not in an unregulated space where you can just develop a coin out of thin air and list it on random exchanges.

You can have all the roadmaps and genius developers in the world, but the second you don’t deliver on those promises or the second your lead dev quits; the project tanks so far into the depths it could take years to recover, if ever.

Look at ADA, such high hopes for Cardano, so many promises, institutional backing, hype, devs..... trees in Africa. And now, the face of the company is accused of lying about his degree, among other questionable activities.

Look at FTM, Andre, and Anton just deciding to peace out, closing 25 apps and services, dragging some of its projects down over 64%.

Just to name a few.

I know we all tout “DYOR, make sure it’s a good team, and they have a solid roadmap,” but in the end, we’re all still just gambling.