Could lack of transparency and anonymous devs be red flags?
In crypto, I've seen some projects with anonymous devs but are not scams. And some legit projects don't have much to say and are playing it close to their chest.
I wonder what you guys think about it in general.
Privacy can be a concern and people should be allowed to have their privacy but you can have anonymity and proving trust over time. A newbie or low active member launching a Coin would be a red flag for me because they would not have the experience needed in how to manage a community and are likely an anonymous newbie account for the purpose of being able to exit the project without any repercussions.
Completely lack of transparency sure but not anonimity. Even if a coin is a great success, knowing the identity of the devs can be dangerous. Just imagine what would happen if Satoshi was known.
And it's not like people who give their name to a coin never scam (Paycoin - Josh Garza), in fact they can scam more because people tend to trust them more.
Lack of transparency is possibly the biggest factor because you can be fully transparent in what you do even if you are being anonymous by proving every action on the Blockchain. In PayCoins care they weren't anonymous but had 0 transparency and would never go out of the way to prove anything being said.
