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Author Topic: What is Transparent in it if team behind the coin is anonymous  (Read 479 times)
Cryptoababe (OP)
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September 18, 2020, 07:48:06 AM
 #21

They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

No one will be followed, no one will get sued if the team is anonymous. This is why it's good to follow those projects that has a known team and is composed of people that has experience in cryptocurrencies, not just the typical expert that the media says.

Anonymous team are not good to follow because they have bad thoughts . You are right.. Its better to follow projects with good team and composed people.

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September 18, 2020, 08:07:59 AM
 #22

It is very interesting, public accountability is very necessary for my opinion for the progress and development of a project and this is important to know with both the Team and BM who will handle the project to avoid a scam project.

If the project is clear I'm sure there is nothing to hide.

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September 18, 2020, 08:17:48 AM
 #23

They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

No one will be followed, no one will get sued if the team is anonymous. This is why it's good to follow those projects that has a known team and is composed of people that has experience in cryptocurrencies, not just the typical expert that the media says.

Anonymous team are not good to follow because they have bad thoughts . You are right.. Its better to follow projects with good team and composed people.

Most of defi projects are lead by anonymous team and that was a bad signal for investors but from what i see peoples are born to be greed and most of the investors are not care as long the defi projects could bring them profit.

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September 18, 2020, 08:27:07 AM
 #24

The team's transparency behind the project will be necessary because with the team showing their profile on the internet, especially in social media, the public will know that the project has a team that wants to make their project successful.
But that will not guarantee because the team can get the profile from copy-paste from the other website, and that is easy to do.
People will not know if the profile is real or not, but they can check it by contacting each person on that team to make sure they are real.
But if they don't show their profile on the website, maybe they don't want the public to know who they are, and they prefer to works behind the wall.

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September 18, 2020, 09:42:51 AM
Last edit: September 18, 2020, 09:53:33 AM by flagpara
 #25

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.
The team wants to be anonymous because they have very low confidence about their project. Every legit projects submit their onymous, now legit projects can't be anonymous, either later probability scam project. The anonymous team has two benefits: no external problem and others are hassle. Bitcoin topics are different but I won't join any anonymous campaigns.

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September 18, 2020, 10:06:15 AM
 #26

Teams staying anonymous does not mean they should not have their true private-ID verified (and hidden somewhere).     The important thing is the verification of the identities of those working on very important/delicate/sensitive projects.... They can then use pseudonyms tied to the verified private identities in public spaces. The private identities of the teams will definitely need to be hidden/encrypted, in immutable forms, for access to the public or security agencies when they do something bad.

Staying anonymous should be optional, by the way. If most or some members of a team prefer not to have their pictures and other private information in public space, we should respect that. If others prefer to have this things in public, we respect that too,as long as the anonymous ones are not forced to be like the non-anonymous ones
Maybe we can have some sort of tags (or checkmarks) on their profiles that show that their real identities have been verified by recognized professionals/organizations who are good at online identity verification. The tag would be on their profiles whether they are anonymous or not... and that should be enough.
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September 18, 2020, 10:18:19 AM
 #27

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
None of them are copying satoshi but all of them are Copying same Scam over and over again.
But yet people Like you still Buy their stories and still following them in Bounty or even in telegram as you mentioned many of those telegram you participated.
Quote
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.
Those some that you see about investing?majority of them are part of the team ang just pretending to be investor so They can lure victims about their fake project and no product at all.

Never believe in Team that cannot even expose themselves because at least they are safe if ever there is a scam happens in the end.
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September 18, 2020, 10:22:27 AM
 #28

Teams staying anonymous does not mean they should not have their true private-ID verified (and hidden somewhere).     The important thing is the verification of the identities of those working on very important/delicate/sensitive projects.... They can then use pseudonyms tied to the verified private identities in public spaces. The private identities of the teams will definitely need to be hidden/encrypted, in immutable forms, for access to the public or security agencies when they do something bad.

Staying anonymous should be optional, by the way. If most or some members of a team prefer not to have their pictures and other private information in public space, we should respect that. If others prefer to have this things in public, we respect that too,as long as the anonymous ones are not forced to be like the non-anonymous ones
Maybe we can have some sort of tags (or checkmarks) on their profiles that show that their real identities have been verified by recognized professionals/organizations who are good at online identity verification. The tag would be on their profiles whether they are anonymous or not... and that should be enough.



By the way I would prefer a decentralized anonymous team members (with lots of responsibilities/powers) that have verified identities... And be a bit suspicious/uncomfortable with team members that have their real identities in public.
My problem with the latter is that they can be kidnapped or used by bad actors to attack their projects or do their bidding
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September 18, 2020, 10:31:42 AM
 #29

Do not invest in a project that the development team has anonymity on, such projects are mostly scams. I have come across projects where the development team is anonymous, and such projects often end up with the development team running away with the investor's money and leaving a pile of trash.


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September 18, 2020, 10:35:31 AM
 #30

They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

It's best to stay away from such projects. One of the criteria to evaluate a project is the development team, and if we do not know who the development team is then we cannot know what the project will be like.
Such projects often end up unhappily


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September 18, 2020, 10:45:10 AM
 #31

they don't want to be exposed because the most sensible reason is this crypto world is anonymous, and the team assigns anonym to maintain privacy. Moreover, investors and participants involved come from any country in the world and it is not possible to meet face to face. there is another, namely there is no legal guarantee because when there is a project failure, their privacy is still maintained. I think so
Of course cryptocurrencies are anonymous and no one wants to reveal their own information, but that is only true for investors. The development team should make their identity public so they can better promote and advertise their project.
Except for Bitcoin I will not invest in a project where the development team is anonymous.


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September 18, 2020, 11:38:10 AM
 #32

That's just how it is, there are variety of projects in the market and I would rather appreciate an anonymous team rather than a scammer team.
one of the project I know which has an anonymous team is Deeponion (https://coinmarketcap.com/currencies/deeponion/), it was so popular during the last bull run but they struggle a bit now.

Lastly, they aren't forcing us to invest.

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September 18, 2020, 01:47:22 PM
 #33

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.

As someone who has been constantly reporting plagiarized whitepapers and fake teams on the Announcement thread in this forum, a project without a profile team is a good indication to relatively doubt about the project. You can also check their Whitepapers if it has been plagiarized and to know if they are copying other whitepapers in the website.

There has been a proliferation in the number of fake projects nowadays especially that the Decentralized Finance (DeFi) is slowly getting popular. I highly advise that you exercise extreme caution before investing into these projects without doing proper research.
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September 18, 2020, 01:50:33 PM
 #34

They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

No one will be followed, no one will get sued if the team is anonymous. This is why it's good to follow those projects that has a known team and is composed of people that has experience in cryptocurrencies, not just the typical expert that the media says.

Anonymous team are not good to follow because they have bad thoughts . You are right.. Its better to follow projects with good team and composed people.
There are projects that are anonymous but has good intention but I think they're rare these days. We all agree that it's best to follow those projects that has a better and appearing team that has real people working on it.

They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

It's best to stay away from such projects. One of the criteria to evaluate a project is the development team, and if we do not know who the development team is then we cannot know what the project will be like.
Such projects often end up unhappily
It truly is.

If someone invests to projects like those, they're investing blindly and entrusting their money to people that they can't see.

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September 18, 2020, 02:12:01 PM
 #35

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.
IMHO, I believe its only shallow alibis, in our present time that you can't trust anybody if the team is hiding without enough reason especially in ICO projects. you should move away from it its an obvious scam attempt unless the team is showing some representative like advisers etc. that was known to the public, it might be acceptable enough for the team to stay anonymous.   
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September 18, 2020, 02:23:45 PM
 #36

There must be reason why they decide to become anonymous but honestly if the project involves investing and money it's just not worth it or in other word just avoid them.
If the project itself is like a dapps that doesnt require investment and the code is open source it might be worth a try but other than that it's just the dev trying to hide their identity lol.

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September 18, 2020, 02:29:15 PM
 #37

You better stay away from it.
Stop getting curious about it. Most of them will end up in a bad manner and you don't want to be swimming with them.

It is not the same as Satoshi which they are copying. That ain't Bitcoin which they are making out there.
Just think about it.
If it goes south, how are you able to catch them?

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September 18, 2020, 02:33:36 PM
 #38

Do the math, the market is lack of regulation, they can run whatever project they want but if you know the risk then you should not invest on a project that you are not certain. The thing is, you can't tell them to stop as they would still do whatever they want, some may run a project to scam people and that has been the reality in the crypto space, so it's just up to us if we will invest or not, we just can't change the current situation but we can choose a good project if we exert some effort to research to know about a certain project before we invest.

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September 18, 2020, 02:33:43 PM
 #39

There is no good reason for staying anonymous if you are a member of a crypto project team which is trying to gather investment from people in order to fund the project's development. If you are creating a project which is not relying on other people's funds, then you could stay anonymous. If not, then you shouldn't be hiding behind a fake name or fake address. That could mean you are avoiding accountability. There is a reason for you to come out and face the investors and justify to them how their funds are shaping the project and producing nice results.

But in general I won't trust crypto projects which are dependent on other people's money for their own development. We should learn lessons from so many exit scams and projects which did not come up with a product after years of spending investors' money.
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September 18, 2020, 02:50:10 PM
 #40

I think there is no problem if you show your identity as long as you did not do anything bad as a team member of the project. A good project will not hide their identity. But in crypto space most of the project hide their identity so that they can do whatever they want and they can avoid accountability to others. Also they can scam people here in crypto if they hide their identity. So,be careful in joining project.

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