I do not really subscribe to "knowing" the team. The old projects are not particulary fantastic for working on them to be the standard for the new. To move to the next level a different set of "eyes" is needed. Until bitcoin was created it had not been done. There is a first time for every thing. I would keep a close look on this project.
I have worked on many development project. The best developers I have seen can explain the solution in simple language.Clarity of ideas translate to great solutions.