Hidden team members or not make any difference?

[Doranile432]

There are various kind of old crypto projects that has no team but still they are among the best projects today, I believe this happened because many old projects followed the footstep of Bitcoin, bitcoin would have been in tougher situations if the team or ceo is public I believe but today it's a complete different story or should I say experience? Since the birth of ICO we've seen tons of scam projects that aren't scared of revealing their faces even when they knew they are going to exit scam on investors fund, so for me hidden team members or not still doesn't make a difference..

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[Jawhead999]

It depends from each projects.

You shouldn't only search the team members, you need to search the whitepaper, the coin utility, social media etc. The legit project will have many information about the project and transparent, only few project with hidden team members is legit.

[bL4nkcode]

Projects with team or without team as long the project is sketchy from white paper to its software, its the same.

Compared before, projects were focus in building and all open source without asking investments just donations, and community driven since most of them are pow, but soon as ICO was created then it become safe haven of scammers, such kind of asking money in exchange of the coin getting trade with promising value but it didn't even touch a single exchange in the end, even if it did, it only list on scam crappy exchange.

[covfefe_]

It would be a bit easier for investors to decide if they knew the team members and what their experience is. But nevertheless, there are many other things that could hint about seriousness of the team and legitimacy of the project. Looking at the website and whitepaper, their roadmap and tokenomics and what they have achieved prior to the ICO would help investors to take calculated risks.

[DoubleAweSeven]

No. Hidden team members or not, they are all the same bunch of scams. A very good example is BSV, a scam coin but you can see their team (bunch of scammers).

Just don't invest in ICO. It's a pretty stupid thing to do in 2020 anyway. It's like pre ordering a korean movie ticket with english sub and your an indian but what you got is a movie with chinese sub. Nonetheless it's still a movie, right? but it's useless since you can't understand anything.

[WalkerIVIV]

No. Hidden team members or not, they are all the same bunch of scams. A very good example is BSV, a scam coin but you can see their team (bunch of scammers).

The best example of scam coin in the crypto that claimed to be very transparent(BSV). Anything that's generated through forking the real coin can be considered as scam. We have also seen a bunch of shit scam fork coins like BTCD, BTG, and many more.

[Greatdev]

Non anonymous team members can easily add more credibility to their projects, investors will have more confidence to invest in a such project compare to projects that it's team are anonymous, I don't see the reason why teams are going anonymous if they truly have nothing to hide.

[lovesmayfamilis]

Any fraudulent projects are unlikely to reveal their faces and their names. Go to Scam Accusations, how many projects there are with fake teams. They use fake photos, assign names to them, and even if sometimes there are real people who are famous in the world of cryptocurrencies, these people are not aware of their participation in fraudulent projects.
Therefore, the absence of a team is a red flag. And no excuses that the project wants to remain anonymous, let alone compare itself to Bitcoin, should serve as an explanation for smart investors.
Today projects that want to prove their legitimacy must have specialists with extensive experience in this area.

[Shallow]

Just like you said there are old projects that have hidden team but yet those projects are one of the best till date but what about today, can same be said of a good number of new projects? Therefore, as for me, it matters nowadays, those old projects wanted to make an impact and contribution towards the growth of the crypto space, but new projects nowadays even with their identity still exit scam, talk more of when they are hidden, it means they can exit scam at will without anyone saying anything about it, and even come back again under a new project. Also, the reason I have this opinion is that, most of new projects nowadays always banks on hype to growth, that is, first the grew with hype and then when the hype drops they starts struggling and the price suffers a lot. Thus, combining hype with hidden team, you will realise they are pump and dump projects.

[Dr.Osh]

at this time, the difference was very far away. Since there were so many scams circulating, nowadays people are always making observations about the team, and that is one way to support whether the project can be trusted or not. for example, currently, there are so many scam projects that do team forgeries such as editing photos, and others. you can see that in the scam thread. So, I think the consideration of investing in a hidden team is very risky for now.

[maxreish]

There are various kind of old crypto projects that has no team but still they are among the best projects today, I believe this happened because many old projects followed the footstep of Bitcoin,

It's not about the team why old projects still surviving, it's all because it was still patronize by investors. Regardless it was abandoned by the team, no team at all, or whatever the essence of it being still use (to trade), is one of the reason why that old project still exists and not because they followed btc steps.

Since the birth of ICO we've seen tons of scam projects that aren't scared of revealing their faces even when they knew they are going to exit scam on investors fund, so for me hidden team members or not still doesn't make a difference..

For them, reputation is not significant that's why they aren't scared of showing their faces and do some transparent scam actions. As long as they get what they want (the money) then probably doesn't afraid to show team members.
And i wonder if that BSV team weren't fake teams? They have a guts to show their faces.

[Furious 7]

There is still a lot happening, even the team that is hidden. Even I am not sure about the project they built, do they lack confidence in the team that is not published?
There are many accusations of scam in this forum, even the whitepaper plagiarized anywhere does not think about how the concept is built on the project they are running, and also I see DeFi projects that keep popping up with anonymous teams and some are even drawn with my cartoon. think it's bad doesn't give confidence to her community.

Look at the board of many scam accusations caught with their falsehoods.

[btc_angela]

There are various kind of old crypto projects that has no team but still they are among the best projects today, I believe this happened because many old projects followed the footstep of Bitcoin, bitcoin would have been in tougher situations if the team or ceo is public I believe but today it's a complete different story or should I say experience? Since the birth of ICO we've seen tons of scam projects that aren't scared of revealing their faces even when they knew they are going to exit scam on investors fund, so for me hidden team members or not still doesn't make a difference..

Can you name old crypto projects that has no team behind or at least anonymous and become successful? Also as you have said, perhaps those projects are considered to be prime movers in crypto world that's why it has become successful. But after that, those next set of projects specially in 2017 with no team or completely anonymous turns out to be scam. So for me it still makes a difference, team should be known, and so it the whitepaper, their website, their roadmap and what the project offers, or what makes the project unique.

[Shadovka]

There are various kind of old crypto projects that has no team but still they are among the best projects today, I believe this happened because many old projects followed the footstep of Bitcoin, bitcoin would have been in tougher situations if the team or ceo is public I believe but today it's a complete different story or should I say experience? Since the birth of ICO we've seen tons of scam projects that aren't scared of revealing their faces even when they knew they are going to exit scam on investors fund, so for me hidden team members or not still doesn't make a difference..

I believe to you it doesn't make a big difference but to the general public most investors before they invest into certain project or whatever they will want to know the person behind the scene not just for the scams that will probably involve but also the competency of the team members so can have a better Judge of whether is this project worth to throw money into.

[jossiel]

so for me hidden team members or not still doesn't make a difference..

True.

Those projects that just simply followed bitcoin's path were on the right time and era. Not much project during those times and they are closer to bitcoin so investors were likely to chase them while getting bitcoin.

But for this time starting the ICO - IEO - DEFI, things have changed and it's not the same as that era anymore. There are various reactions good and bad about hidden and not hidden teams.

These days, the favor is with the not hidden teams because investors will know who are the people working for that project and want to make sure that the project isn't handled by someone who's been part of a scam earlier.

[Novatech8]

The answer is vice versa, some projects with anonymous teams did well and they never exit scam on their investors while some projects with real team still exit scam, hidden team or not just do your own part, with good research you will easily escape from bad intent projects

[pungopete468]

I think there are difference if the team members is publicly placed or revealed and they are a legitimate team member of that project and they ended up scamming investors there's a chance that they could be track down unlike the hidden team members where in we can't really do anything once they do their exit scam also for me the one with revealed team members is trusted more rather than those who doesn't have. But still depends on the protect.

[Jating]

There are various kind of old crypto projects that has no team but still they are among the best projects today, I believe this happened because many old projects followed the footstep of Bitcoin, bitcoin would have been in tougher situations if the team or ceo is public I believe but today it's a complete different story or should I say experience?

Yes, it's very different and you can't compare those projects early who became successful today. They really proved themselves because they started everything, like bitcoin for example, we really don't know who Satoshi is but as the main crypto, those who wanted to follow its footsteps proved themselves without running any scam.

Since the birth of ICO we've seen tons of scam projects that aren't scared of revealing their faces even when they knew they are going to exit scam on investors fund, so for me hidden team members or not still doesn't make a difference..

Well the aim of ICO is good, it's that the people behind find a way to scam people with their hard earn money specially in 2017, bunch of ICO's every week, but you can count in your hands the project that didn't exit scam. And it started the trend, crypto for no-coiners become a big ponzi scheme and we had a lot of negative press. And now that we have the Defi and Uniswap hype, it is starting all over again.

[lousie9]

If this is related to project fraud then there is no guarantee either that hidden team members or open team members, both have differences but do not guarantee if they are genuine. Every scam has its way and if you want to invest in a legitimate project at least they have transparent members, clear project roadmaps, quality products and the team has a positive reputation managing previous projects.

[bakasabo]

I've seen projects where team is fully revealed and they are real people, but still scammed people. I've heard only few cased, where scammed people get their funds back. I just cant explain why, but even if knowing who scammed you, people still decide to let go that situation and forget about it.

Large investors sues scam projects, but do they win cases ? Even if they win, do they have their money back? I did not heard that they receive anything back. Yes they punish scammer with 3-5 year sentence. But does it really help? There is really no difference between hidden or not team, they still don't receive a hard punishment in case of scam.