Anonymous a red flag? - page 2. | Bitcointalksearch.org

coin-investor

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Quote from: HashingTower on March 29, 2021, 11:25:24 PM

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.

Silberman

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Quote from: isaac_clarke22 on April 08, 2021, 03:32:10 AM

Quote from: CryptoATM on April 07, 2021, 08:58:58 AM

~

They believe that just because crypto is decentralized means that they should stay anonymous as well. Cheesy

They want to be like the next to Satoshi into going at least pseudonymous, while it does not apply the same to day because most of their tokens would be worthless anyway after the day their token got listed. Cheesy

If those developers actually tried to imitate satoshi more closely and did not asked any money for their coins then I could ignore the fact they are trying to go anonymous, but that is not what we see, they ask for all the money they can knowing full well that they are leaving all of those people with no recourse in the case they decide to leave the project behind, which is their purpose from the beginning, as such it is important that people do not bother with developers like those as there is almost a 100% chance they are scammers.

isaac_clarke22

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Quote from: CryptoATM on April 07, 2021, 08:58:58 AM

~

They believe that just because crypto is decentralized means that they should stay anonymous as well. Cheesy

They want to be like the next to Satoshi into going at least pseudonymous, while it does not apply the same to day because most of their tokens would be worthless anyway after the day their token got listed. Cheesy

Bitbtc8

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When investing on a project with Anonymous team it's like you gambling away your money, you can easily tell if a project is really going to be good or not if the teams are public, I remember judging polkadot and avalanche just merely by their team members information

ice18

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Quote from: OnurGalatasaray on March 30, 2021, 04:23:22 AM

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.

I don't like to compare Satoshi from being anonymous to new projects they are all saying btc creator is anonymous and so we are also anonymous the difference is Satoshi did not launch a token sale its just offered for mining before to collect coins imagine even obsolete PC can mine few btc a day but new projects today are too eager to collect huge funds of money with unknown team which is very risky there are lots of scam projects now and we need to be very careful when it comes to money thats why I always take a deep research into new projects with anonymous devs but has potential and interesting proposals I understand why some devs are also decided to stay anonymous I also seen many same projects before and has successful journey.

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Quote from: HashingTower on March 29, 2021, 11:25:24 PM

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?

Why not let us know which project is this ? so you can have another set of people that will check their legitimacy.

But for ICO or investing purposes? this is a 100% scam for me and a Red Flag of course.

We have seen so much drama from the developers/teams for long time now , Hiding anything just to make their Victims blind in case that seeking for claims.

if you find some kind of this , Just leave the group and forget about it , so your fund will be safe and you will be stress free.

libert19

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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.

Silberman

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Quote from: isaac_clarke22 on April 07, 2021, 08:28:00 AM

That is just equivalent as you giving money to strangers, OP.
"Currently a risk"? That is plainly bs, because they just do not want to be tracked down in their exit scams. Cheesy

Not sure what project is that, OP but it is a red-flag for me already if you would ask me.

Exactly in the vast majority of the cases there is not going to be any kind of justification for the developers of the project to remain anonymous and yet to still ask for people to trust them and to give them their money, it is obvious at that point that what they are trying to do is to avoid detection by the kind of people that we have in the forum that can know if the pictures or the profiles that they are claiming to be the theirs are in fact false, with this in mind we should always avoid projects like this and if you don't then you must accept the consequences which most likely will include losing your money.

CryptoATM

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The thing is there are many crypto projects that have anonymous team members but are doing so well today, if any project have to go anonymous this time around that crypto is becoming so popular I'd wait and see how the project actually plays out because it's now more harder to trust new projects even those that have visible team members unlike this that have anonymous team

isaac_clarke22

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That is just equivalent as you giving money to strangers, OP.
"Currently a risk"? That is plainly bs, because they just do not want to be tracked down in their exit scams. Cheesy

Not sure what project is that, OP but it is a red-flag for me already if you would ask me.

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Quote from: Skinny48 on April 07, 2021, 05:15:12 AM

Anonymous isn't a red flag, find some spare time and do research on most new defi projects since 2020 and also on NFT projects that are already on big exchanges you will see that majority of them have no information about their teams, they keep it hidden

then how can they be trusted?
indeed not all anonymous projects are bad. like bitcoin, it is also an anonymous asset (pseudonym).
all returned to the developed project. When they can gain the confidence of investors and the market I am sure they will be successful.
But keep in mind, the situation at Bitcoin and anonymous altcoin today is different. we all know it.

Skinny48

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Anonymous isn't a red flag, find some spare time and do research on most new defi projects since 2020 and also on NFT projects that are already on big exchanges you will see that majority of them have no information about their teams, they keep it hidden

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I believe we can't directly decide that this is a red flag of course. We need to consider other things too. We need to learn the project more carefully if this the case. You have to dig deeper to the core of the project. How logical the project is, what product they offer and how real is the use case, who supports them etc. It's probably right they need to be anonymous. Apparently, many projects who introduce their identity still doing some fraud, because it's only a fake identity anyway.

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Quote from: GreatArkansas on April 05, 2021, 12:23:32 AM

But what if a team is anonymous but most of their partners or investor on that project are well-known and extraordinary people?
For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.

If that's the case I'd see whether their partnership is truly legit or not then if turns out they are legit it could somewhat add weigh to their reputation and see the technical aspect of their project. Sometime, project partnership sometimes worth more the developers identity if those are big investors, company, etc but I'd still be alerted, you know thing can go south real quick when it comes to anonymous team.

Genemind

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Even if the team has a profile it doesn't verify them as legitimate projects. If the project is too good to be true and they promise a lot of development in a short period it is a red flag. Bitcoin founder is anonymous and yet it is the fundamental of all crypto. Doing dilligent research before investing saves you from investing in scam project.

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You should first look at the project and its development whether the team did a good job to proceed with their project. If they are doing ICO, investors should just avoid it but if they are listed already on the exchanges and the project had continued developing it while they are anonymous I could say they are genuinely good and maybe trade their coins.

GreatArkansas

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But what if a team is anonymous but most of their partners or investor on that project are well-known and extraordinary people?
For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.

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Quote from: Gorosden on April 03, 2021, 11:24:51 AM

The team goes anonymous but still ask for fundraising? Every other projects I knew that have anonymous teams have no ICO or any fundraising strategy in work, for example monero, bitcoin and others, I'm not sure such project will end well, they can rugpull easily if they want since their identity remains hidden

If you have been watching the ico development since a long time ago and then you should have seen so many anon team wanna try to get the free money by issuing the garbage token.
This is an old trend and people have become even smarter than before to put a big red flag on the anon team.

That's why majority of people call a project with anon team is a scam project.

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Quote from: Silberman on April 04, 2021, 11:37:53 PM

Quote from: devollito on April 03, 2021, 07:51:16 AM

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.

But there are massive differences, satoshi never asked for a single cent from anyone and he created a two trillion market out of nowhere, we cannot compare someone like satoshi to the greedy developers of today that want to get millions of dollars before they even write a single line of code, so the answer to this is simple if there is a developer out there asking for your money without revealing their identity never give them any money as there is a huge chance they are nothing but scammers trying to get to your coins and give you nothing in return.

Yeah, this is the major difference those guys have their own trick so people who are new to the crypto industry need to be careful with such kind of lure you might fall into their trap. Legit projects are more often managed by some of our trusted managers in this community or if not, they will show their kinds of the team so that the others will see how much credibility they have or what we call popularity. Nevertheless, real projects are those that have a sound road map and active team or staff members not just some ordinary people whom you don't know if they really exist or not.

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Quote from: devollito on April 03, 2021, 07:51:16 AM

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.

But there are massive differences, satoshi never asked for a single cent from anyone and he created a two trillion market out of nowhere, we cannot compare someone like satoshi to the greedy developers of today that want to get millions of dollars before they even write a single line of code, so the answer to this is simple if there is a developer out there asking for your money without revealing their identity never give them any money as there is a huge chance they are nothing but scammers trying to get to your coins and give you nothing in return.

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