Anonymous teams - page 5. | Bitcointalksearch.org

Renampun

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Quote from: Rowenta on October 31, 2020, 01:14:08 AM

Is it just me or what? I honestly dislike projects that have anonymous team when the project isn't a privacy Monero kinda thing, even few Privacy tokens have teams that aren't anonymous, shit I just feel like they are hidden for a purposes, some kinda easy getaway? What's your thought about this?

the trick to escape = don't want their identity to be known...
I am always suspicious of the legitimacy of a project if the developer doesn't show their identity. There have been many cases where the developer ran away with a large investment, in the real world he/her lives quietly because nothing is to interfere. must be more detailed with which projects you want to join.

redsun114

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Leading Crypto Sports Betting & Casino Platform

Coin being anonymous is fine, coin should be anonymous to begin with, look at bitcoin and look at monero and you could see the difference between them as well, and you can't really trace the money in monero neither which allows people to be hidden.

However what we are missing out is the fact that when you are starting a new coin and you are a team of developers and you tell people that it should be great, if you hide behind masks we do not know who we are seeing and what we are looking at, should we just forget about who is doing the project and just only focus on the project itself? In a crypto world where thousands of bitcoins are scammed every single week, that is not something remotely possible, we are not going to suddenly start trusting everyone blindly, that is impossible.

Onika84

sr. member

Activity: 1554

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Making Smart Money Work

a project that hides its team identity is a red-flag for me. we are playing on the edge, and the risk is greater than the reward. Be careful, and minimize all bad risks when investing.

irixo10

full member

Activity: 1078

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GoMeat - Digitalizing Meat Stores - ICO

I am now seeing reasons to believe that all these projects with anonymous team do not worth it at all especially in Defi, they are claiming that since their project is decentralized or is a DeFi that it is okay for the project team to hide their identity. The fact is, with their identity hidden, they can say whatever they want and do whatever they want without anyone holding them accountable, and now assuming a project team decides to exit scam, who will the users hold, no one. Yes, we can carry out our own research but there have been many projects that started well only to list on exchanges and exit scam, now assuming they are anonymous, that's it. Lastly, it is easy for scammers to hide under Defi, hide their identity, hype their project, get funds and exit scam. In addition, anyone aiming to Invest in any project with anonymous team should invest what he can afford to lose.

tvplus006

legendary

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To the Moon

Quote from: benthach on October 31, 2020, 01:40:47 AM

never ever deal or invest in a project with anonymous team/s
i'd been saying this again and again seen 2013 my year with bitcointalk

Yes, as practice shows, project teams that want to remain anonymous, most of them end up badly. But there are exceptions to the rule when we do not know exactly who is behind the project, but such projects show their effectiveness even after years. By the way, if you have invested in BTC, do you mind the fact that we don't know who Satoshi Nakamoto?

trauchot

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Activity: 1764

Merit: 10

Most of the projects where is anonymous team turns out to be a scam and therefore it is better not to have something to do with cryptocurrency projects where is anonymous team and investing in such projects is certainly inappropriate, but there are also very good projects where is anonymous team comes across, but of course there are very few such projects.

Winscosinally

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Activity: 490

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It's not a problem for me, I believe in my skills of doing research on new projects and moreover we've been told to invest only what we can afford to lose, that's for those who want to invest but as for me I'm a bounty hunter but still I make sure I do my own tough research first before promoting any new project either with anonymous teams or not.

copoyes

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Activity: 616

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for me Anonymous Teams are mostly scam projects so that later when they are proven to be carrying out a scam project they are difficult to track, it is very risky to invest in the Anonymous team project, while the real ones are quite a lot fail
Moreover, the team is Anonymous, even though some are successful but not much and the risk remains high

Balladtony77

member

Activity: 378

Merit: 15

It shouldn't be a big problem if the project utility is very good, do you know the teams that run UNISWAP and other DEX platform out there? Yes they are completely anonymous and yet people are using the platform and buying their tokens, but projects will surely be more attractive if their teams are not anonymous

raidarksword

member

Activity: 2044

Merit: 16

I also felt uneasy if teams are not visible its like they are up to something that might not be good in the end which being transparent in every project is important and vital to the success of it. Mostly DeFi projects now are anonymous that might be scary to investors and supporters to partake with such projects because team's visibility is really that important in order to build trust within the community. If no visible then the risk will be doubled and second thinging is inevitable, so as much as possible team must be transparent in every way.

FinneysTrueVision

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Activity: 1680

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Top Crypto Casino

I don't have a problem with people wanting to maintain privacy. It is more important to look at their experience and accomplishments. We also have to look at how trustless their project is. If there is an admin key that would allow them to easily steal funds then that is a warning sign not to invest.

masterrex

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Merit: 107

Quote from: Rowenta on October 31, 2020, 01:14:08 AM

Is it just me or what? I honestly dislike projects that have anonymous team when the project isn't a privacy Monero kinda thing, even few Privacy tokens have teams that aren't anonymous, shit I just feel like they are hidden for a purposes, some kinda easy getaway? What's your thought about this?

IMHO, I believe that the privacy/anonymity of the project founders must have a limit, and If they dont want to show their true identity, they should assign a
trusted representative to act/represent for them, but it should be limited to the projects that have not done any fundraising campaigns or any kind of token offerings, But if the project is doing a fundraising campaign like ICO, IEO, etc. the project team should be known for the sake of transparency.

Zemomtum

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Activity: 1316

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CitizenFinance.io

Anyone that want my capital under his custody and want to remain unknown, I will pick a race and run without looking back. If you don't want to get investor's fund and run away, why hiding the identities of people involved? It is a red flag for me.

nomenclatur

sr. member

Activity: 1344

Merit: 250

What do you expect from anonymous teams if they hold an ICO quite risky and it could be that people will be disappointed? Scam many projects are scam without a clear team and there are only token sales held for everyone no transparent everything is closed it's very dangerous and it is very vulnerable for investors that the project could run away all the investors' money.

plvbob0070

copper member

Activity: 658

Merit: 402

I never really liked projects with the anonymous team, to begin with, because it's riskier. I always mention it not to trust projects that don't disclose any members of the team. It's simply because when there's a problem that occurs in the project, you don't know who you will run to and look for. Knowing who is the team behind a certain project is essential that's why when I look for projects, I always look for the team when researching.

JeffBrad12

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Quote from: Rowenta on October 31, 2020, 01:14:08 AM

Is it just me or what? I honestly dislike projects that have anonymous team when the project isn't a privacy Monero kinda thing, even few Privacy tokens have teams that aren't anonymous, shit I just feel like they are hidden for a purposes, some kinda easy getaway? What's your thought about this?

It, not an easy task to determine whether the team has its own internal agenda or not but it can be analyzed through how serious the developers to develop the project. Even the team that has published its identity can't be trusted and the anonymous projects the more risk for the people who have been joining there.
It looks like a lot of people have been getting the same feeling like you too.

You can't even put those new privacy coins to be in the same level as monero and it will never happen. Monero in another level.

themohit

full member

Activity: 194

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Quote from: Rowenta on October 31, 2020, 01:14:08 AM

Is it just me or what? I honestly dislike projects that have anonymous team when the project isn't a privacy Monero kinda thing, even few Privacy tokens have teams that aren't anonymous, shit I just feel like they are hidden for a purposes, some kinda easy getaway? What's your thought about this?

Well, you can't blame the team for being anonymous, just think about satoshi - made the biggest cryptocurrency so far and yet to be deanonymized.
I guess its not that appealing if you see fresh new project with anon team, but you can just not invest in it.

coinporch

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Activity: 1036

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Dolphins Finance TRUSTED FINANCE

Quote from: Rowenta on October 31, 2020, 01:14:08 AM

Is it just me or what? I honestly dislike projects that have anonymous team when the project isn't a privacy Monero kinda thing, even few Privacy tokens have teams that aren't anonymous, shit I just feel like they are hidden for a purposes, some kinda easy getaway? What's your thought about this?

so do i
for now anonymous team is not a good, because investors need to know the people behind the project
and knowing the team is very important before we drop our money mate,

icekohl

full member

Activity: 339

Merit: 100

Except for private coins and PoW mined coins, projects that issue tokens themselves and the tokens are controlled by the project team need transparent information. Otherwise no investors will be interested in it.

Kvalentine

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Activity: 504

Merit: 25

I used to be a full time miner and I can say that many projects I mined have no real team, they are just websites with good designs and roadmaps, I later find out that team coming out to the open is very important, coins like haven protocol and loki are few of the coins that I mined and they are still alive today

Topic: Anonymous teams - page 5. (Read 1153 times)