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Topic: Anonymous a red flag? (Read 569 times)

jr. member
Activity: 170
Merit: 4
April 13, 2021, 01:59:01 PM
#86
I can’t believe some support anonymous devs.
Why would you do that? Anonymous could tell you to do everything nasty. I’m glad you are still doing fine today, because you would believe anonymous who tell you to bang the wall and stream it on for their entertainment.
sr. member
Activity: 1652
Merit: 298
April 13, 2021, 01:19:40 PM
#85
Anonymous is not red flag, also Satoshi was anonymous but you need to do DIOR. Many Defi projects were anonymous devs and it was a success.
More important factor is trust build by an anonymous dev.
You can't compare bitcoin to the shit currency we have out there, bitcoin was self funded there wasn't any such thing as sales of tokens like private sales or public sales, so it's wrong to compare both, the current projects with anonymous teams are all out to make money from investors, they are hiding their identity  just incase they scam the investors there won't be any way to track them down.
legendary
Activity: 2086
Merit: 1058
April 13, 2021, 12:11:45 PM
#84
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?


Depends on the anon level to me. If you are talking about knowing the first name and last name and all KYC and basically knowing where it is based? You do not need that at all, who would need that, I think giving that much information just because you are creating a project doesn't mean anything at all. However if you mean not even knowing their telegram username? That makes zero sense to me.

There are projects with "community manager" as the owner and admins of the telegram group because the real creators of the project are fully anon, that means it is not good, because I would like to at least learn their username, that is literally bare basic minimum requirement for me, you could start literally a brand new account on telegram for this, and if you do not even do that, it means you are a scammer in my mind even if you are not. Which is why there is a level to anonymity and sometimes it's okay, sometimes it's not.
newbie
Activity: 1
Merit: 0
April 12, 2021, 01:26:25 PM
#83
specially for alts project.!!!
to me anonymous is scam. altz is just a game not for longterm that why the devs choose to be anonymous.
2016-2017 will not be repeated..!!!
that why there is no altseason..!!!
gaining the trust of a partner can be difficult if choose anonymous.
jr. member
Activity: 170
Merit: 4
April 12, 2021, 12:31:17 PM
#82
Anonymous might not be a red flag, but the devs that want to stay anonymous is the red flag, coin itself is perfectly nice to be anonymous, I think some people don’t understand the title, it didn’t state the coin itself is based on anonymous algorithms, it state the devs itself want to be anonymous while their coin may not be anonymous at all, it’s ridiculous when devs asking a lot of money to back their vapourware, think no further, nobody should give anyone large amount of money, it’s not even the point of crypto, crypto is supposed to be a currency, but ICO has give it a rather distasteful title.
sr. member
Activity: 2520
Merit: 329
April 12, 2021, 11:08:24 AM
#81
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?


That’s always a huge red flag for me, I don’t invest in projects that the devs are anonymous and trying to tell something to me lol, that would be stupid, I don’t care if it’s cryptocurrency, if you’re going to be selling anything to me I should at least know who you are and your social media pages to verify your claims of who you are before I think of whether I should be investing in that project that you’re trying to market to me.

Of course I have seen projects that are anonymous and became successful, but few of them, and scammers are now just trying to take advantage of that being anonymous of a thing to scam everybody and get away with it. So if you really care about your money and you don’t want to lose it, then I suggest you leave that project , there are so many other projects that are in the market.
hero member
Activity: 2464
Merit: 934
April 11, 2021, 09:47:30 PM
#80
Ah the classic reason, stay away from anonymous teams (believe me they are usually single person) , every single project that I have been with anonymous team, exit scammed.
So what about bitcoin ? An individual-built project ? Only Satoshi is the one whose identity remains unknown up to now? It is not always bad to invest in a project with anonymous team as long as they prove they have good resource and knowledge as well as the visionary. In order to recognize them, read the whitepaper, follow news. Even anonymous team can be concerned by sorts of news
I don't think these two are comparable. Neither do we know if satoshi was an individual. Can you name any other project except BTC which is highly successful?
hero member
Activity: 2898
Merit: 567
April 11, 2021, 09:09:42 PM
#79
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?



No, if they are bringing something to the community that will enhance the use of the technology, Satoshi Nakamoto is anonymous and yet he revolutionizes the world, but if they are promising to give you something in exchange for funding them, then being anonymous is not good and they will become suspicious that they are trying to scam investors if they want money for their project let them come transparent.
full member
Activity: 770
Merit: 113
April 11, 2021, 06:57:01 PM
#78
I’ve seen that same kind of projects for years, they are all gone now. As a start-up project transparency is very important plus factor to gain investors confidence. The only anonymous that I’ve trusted is Satoshi, the rest are just copy cats. But seriously everything is heavily regulated by governments now, some developers should stop hiding from the shadows.
transparency is needed now to build cooperation with potential parties, and to give confidence to potential investors in general. especially after many bogus projects that take advantage of anonymity. We can also see that influencer support like EM can make a big difference, so "identity" is very important right now.
although it does not rule out the anonymous project can be successful, as long as there is sufficient funding and the project is strong in terms of product and tokenomic support.
full member
Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
April 11, 2021, 03:19:11 PM
#77
Anonymous team is red flag for me, I can't see myself buying or investing in such project when there's a high chance that the owner can just run off with my hard earned money, with the amount of crypto projects that turn into scam everyday, investing in a project that's has an anonymous team is very unsafe.
In fact, not all anonymous is scam project. Sometimes developer or team just dont want to reveal their name. Let say bitcoin, bitcoin its self created and founded by anonymous " satoshi nakamoto ". But its better to invest to the project which you know the information as much as u can. If you wanna do big investment maybe you can do meet up first.
Agreed not all anonymous team are scam, but 99% eventually turn out to be a scam only 1% of them delivered at their words, unlike those hungry scammers out there.
hero member
Activity: 1218
Merit: 556
Leading Crypto Sports Betting & Casino Platform
April 11, 2021, 02:53:04 PM
#76
Ah the classic reason, stay away from anonymous teams (believe me they are usually single person) , every single project that I have been with anonymous team, exit scammed.
So what about bitcoin ? An individual-built project ? Only Satoshi is the one whose identity remains unknown up to now? It is not always bad to invest in a project with anonymous team as long as they prove they have good resource and knowledge as well as the visionary. In order to recognize them, read the whitepaper, follow news. Even anonymous team can be concerned by sorts of news
sr. member
Activity: 1526
Merit: 420
April 11, 2021, 02:27:37 PM
#75
I’ve seen that same kind of projects for years, they are all gone now. As a start-up project transparency is very important plus factor to gain investors confidence. The only anonymous that I’ve trusted is Satoshi, the rest are just copy cats. But seriously everything is heavily regulated by governments now, some developers should stop hiding from the shadows.
member
Activity: 375
Merit: 15
$CYBERCASH METAVERSE
April 11, 2021, 01:57:24 PM
#74
If it's a project with No ICO and No premine and it's also a PoW algorithm coin then I will gladly mine if it has good use case, but the red flag starts from project with Anonymous team and still trying to raise money, it's high risk investment
jr. member
Activity: 170
Merit: 4
April 11, 2021, 01:37:31 PM
#73
Look both eth and bnb are devs well known to people, they’re very successful, little can be said about anons through.
jr. member
Activity: 840
Merit: 6
April 11, 2021, 11:39:06 AM
#72
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?


Most of the time it's dangerous to invest in anonymous projects unless it's a mineable project that didn't raise funds from the public. That's why I invested in RVN and 0xMR, there are no public figures that can be sued or arrested to shut down the projects.
legendary
Activity: 2464
Merit: 1145
FOCUS
April 11, 2021, 09:31:49 AM
#71
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?


Anonymous Devs are pretty common lately especially on Defi scene. On the past ICO trend, Those team that chose to be anonymous is a big red flag from investors, and most of the time they can't reach their hard-cap occasionally even their soft-cap but with in the past few months especially when successful projects like Pancakeswap have caught the attention of investors and start investing on Defi projects even if it's Devs/team is anonymous.
sr. member
Activity: 448
Merit: 251
Futurov
April 11, 2021, 08:28:59 AM
#70
Yes, of course it is a red flag, especially when it requires money to fund their project. Anonymity of the developers sounds sketchy, certainly anyone in this group would like to be provided with full details regarding the project before they start investing. Letting the investors know of the developers identities builds trust between the two. It gives a certain level of "security" so that anyone wouldnt be afraid of investing, and in the case of a scam atleast people know who are those developers.
hero member
Activity: 1694
Merit: 505
$CYBERCASH METAVERSE
April 11, 2021, 05:38:31 AM
#69
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?



If they are not asking for money to fund their project, then there is no risk involved I have seen projects evolving without crowdfunding where the developers are anonymous and they are developing fund, if they are asking for funds then we can consider that high risk because we never know what's going to happen after they received the funds, there are crowdfunding projects where the developers fake their identity so they can run away with their identity safe.
You have a point, being anonymous doesn't mean it is totally high risk. When we say high risk, it involves big amount of money you need to give or down. What important is that you see that there is changes, a good result and updates from the team. That is why it is important to see each platforms and goals for you to be aware and guided in their movements and how it works.
hero member
Activity: 2128
Merit: 520
April 11, 2021, 04:49:48 AM
#68
I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?



If they are not asking for money to fund their project, then there is no risk involved I have seen projects evolving without crowdfunding where the developers are anonymous and they are developing fund, if they are asking for funds then we can consider that high risk because we never know what's going to happen after they received the funds, there are crowdfunding projects where the developers fake their identity so they can run away with their identity safe.

There's a high risk when the team's asking for money, moving to anonymous means you need to entrust your money to

someone wo don't have any idetities. A group or a solo developers which the true intensions are unclear, knowing the team

behind the project gives you insight  what are the potentials, if the team have good backgrounds.
jr. member
Activity: 170
Merit: 4
April 11, 2021, 04:30:51 AM
#67
Anonymous has slowly become a meme for most exit scam coin, every scammer love to preach they’re anon build for anon and to scam anon.
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