Key Person Risk

How susceptible are Cryptocurrenices to Key Person Risk and which ones do we need to worry about?

Key Person Risk

BusinessDictionary.com defines key person as: Individual whose knowledge, creativity, inspiration, reputation, and/or skills are critical to the viability or growth of an organisation, and whose loss may cripple it.

In the tech sector, many companies are driven by visionaries, leading the way but we have entered a new paradigm where tech meets finance.

Finance

The financial world likes stability and predictability. Crypto does not have these qualities but if it every wishes to go mainstreem these qualities would be desirable. Events from yesterday highlight just how dependent some Currencies are to Key Persons. Maybe there are lessons we can learn from finance that can help protect these new forms of tech/finance/crypto organisations. Disaster recovery planning, separation of responsibilities, backups. The events of yesterday lay bare how unprepared we are today. What would happen to bitcoin if we discovered who Satoshi really is or if he suddenly dumped all his coins on an exchange?

Crypto

Ethereum and Monero are the top of my list of currencies with Key Person Risk. If Vitaliak or Fluffypony had an accident these two alone would knock billions off the market cap and create contagion that would spread across hundreds of other coins.

What currencies are you concerned about?