What got me interested in Credence was their professional communication. Sadly that is the only professional thing we have seen from them so far. Also sadly professional communication is known to be the best way to manipulate and scam people. That's how people start believing in things they may not have in the past. Very good communication can be a double edge sword. It is the absolute lowest a human being can go if used for malicious purposes. Right now this is where this whole project is heading and it is so sad to see it go there as this was the lending platform I believed in the most!

Now lets assume Credence is not a scam and they will recover. The hit they took was massive. The entire reputation was destroyed and not having even a site up while this is going on makes it even worse. The damage has been done and too many people will leave and talk bad. Even if lending finally starts I just can't see how they will gain trust of people. This dumping will forever be associated with Credence and any new potential investor will just walk away without thinking.

Here is perhaps the biggest mistake they have done if they are not a scam. There is no fucking website up. I really just don't give a single fuck about how secure and perfect and flawless they want the site to be. What they need to understand is human psychology and what truly matters - delivery!!! They could have just had the website up without login/register option and continue working on testing it and taking it down when needed for tests. This way we at least know work has been done. They could have made a demo login so we can see how the backend looks like. This way the site is still under construction but at least we know it exists. If they are not a scam this is a disaster of a performance. Did they really not think how people will react to empty promises?

One thing I have learned in crypto is that if you don't deliver relatively soon to your promises, you are a scam even if you are not.

With that said, I still have some tiny hope for Credence. I really want them to succeed and hope it is not just another scam. If it is, then I have to seriously adjust the way I invest in crypto. No site = look away and never come back! A great forum thread with exceptional customer support and communication with the investors is just another empty promise. I hope I am wrong but I may need to start ignoring ALL communication from future projects and only rate them based on what they have done. Communication is only important if there are results. Then communication becomes even stronger with strong results!