Anonymous teams

[FinneysTrueVision]

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.

[raidarksword]

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.

[Balladtony77]

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

[copoyes]

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

[Winscosinally]

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.

[trauchot]

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.

[tvplus006]

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?

[irixo10]

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.

[Onika84]

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.

[redsun114]

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.

[Renampun]

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.

[bunglor]

for what i've experienced this kind of projects that doesn't reveal the team has a higher chance of scamming you. you're thought is true they hide their identity to easily run away from the investors personally even even if there are team members i don't trust easily the project since some of them still manage to scam and run away what more this kind of project that doesn't reveal their team member.

[Fredomago]

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.

For someone you will trust your investment, this should be required and every developers should take this into account that in order to gain trust they should be showing their real identities.

Honest teams will not be worried about this if investors will ask for their info if they are for real, but the common reasoning is we are inside decentralized nature of business.

Even so, every developers should be willing to provide if ever that the call for this to
be revealed always open to proceed with the developments of the project, more supporters
will entrust their money if they've got some small assurance who to blame incase something
happened to the project.

[AbuBhakar]

for what i've experienced this kind of projects that doesn't reveal the team has a higher chance of scamming you. you're thought is true they hide their identity to easily run away from the investors personally even even if there are team members i don't trust easily the project since some of them still manage to scam and run away what more this kind of project that doesn't reveal their team member.

There's also no reason for them not to reveal their name unless they have plan to turn their investment into scam. No investors will follow or support if they don't have sny idea on rwhat the project is all about. If they will about to list their successful or already known project and it already built supporter then there is no need to know her

[pixie85]

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

I agree.

There's not much to discuss here, all has been said in that one sentence.

Anonymous team = scam, fake pictures or names = scam, team "borrowed" from another project site = scam.

[disconnectme]

With the high level of scams in the space now, anyone selling themselves as anonymous team and asking for money is likely to be a scam, comparing yourself to Satoshi is like comparing Apple and Oranges. Satoshi did not ask anyone for money and the project was open for anyone to mine unlike all these anonymous team that are pure money grabber

[Shasha80]

If there are projects with anonymous teams, I will immediately avoid investing in those projects, because the possibility of
the projects scams is very large. Because good and legit projects usually show the project team profile clearly, that way we
can assess the project team. We can learn that the people who are in the projects team are real people or not. Openness is
very important for project team to attract investors trust.

[albon]

Personally, I don't like that there is an anonymous team behind the project, I don't feel trust that my financial investment will be in safe hands, perhaps they made themselves anonymous, perhaps for the sake of privacy or in order not to sue them, or because they depend on the advantage of decentralization in crypto, I don't have a specific reason for their anonymity, but the anonymous team might be dishonest and they might have done so in order to escape their crime.

[myjulie92]

I'm thinking that those projects in 2017 and 2018 that turned scam are making a comeback and they don't want to expose their faces again since this forum is capable of bringing up their misdeeds of the past so the only way is to go anonymous

i think so. the scammer turn the projects into the scam. the hype ones particularly. after they robbed investors money, they were addicted to create the another one. there are some projects that used an anonymous team members and plagiarism whitepapers (using the same whitepapers from the previous projects, but edited some words).

[Traderbtcc]

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?

Its not just you mate, I also dislike and avoid projects that have anonymous, I think its too risky to deal with them, I won't advice anyone to ever invest their money in such projects, because a project having an anonymous team makes it less trust worthy, how can someone trust some group of individuals who decide to remain anonymous?, what if it later turns into a scam?, so it's best we always avoid and abstain from investing from such projects.