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Author Topic: Hidden team members or not make any difference?  (Read 1024 times)
Golftech
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November 12, 2020, 09:21:25 PM
 #61

Some anonymous projects does well but with the market that's this fear that hidden team members can easily be scam project and some exchanges do not lost projects without team members for security purposes but this Defi projects are being listed inany Exchanges these days without team members. Team or no team any project that wants to do well will but team shows more transparency. Though lots use to use fake members.

Because of the trends and investors who doesn't care about who's behind the project are risking their money, they are all blindly trying
to move fast and don't want to be left behind. The risk is really big but to those who are ready to spare thier investment no one to be blame
but this investors itself, scam are everywhere it's just a matter of your own decision making.
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November 12, 2020, 09:27:46 PM
 #62

The anonymity of the team doesn't have anything to do with the whole project. As you have mentioned, there are a lot of successful projects that have an anonymous team. It all depends on the utility of the project, marketing, and how committed the team is to bring the project's full potential.

It is a big factor, especially to investors.  And there are a lot more scam projects that have an anonymous team.  So it does make a difference in terms of investor's security and credibility of the project. So developers showing their identity will possibly work more diligently and harder to deliver their promise since their identity is at stake.

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November 12, 2020, 09:28:51 PM
 #63


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

Just like bitcoin, the concern should be the project and not only looking the team. Bitcoin has achieved a lot without satoshi around because of the uses. Also other project can be that if they have use to achieve. I choose project first before the team.
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November 12, 2020, 09:37:58 PM
 #64

When everything is open-source, I think they will just take the code and start working. There are many theories to this:

When they know their work will speak for itself, faces doesn't matter. Hidden or not, they are working behind the project and then, the project becomes their face.

If they are hiding their faces, there must be something shady. They may exit scam later because they are not trying to show their faces. How will we catch them?

Some project owners add other people's faces (fake faces) to their projects claiming they are them. It is better to hide faces instead of using other person's face as that person may face problems without being involved or known about any scams that is done by the project builders.
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November 12, 2020, 09:49:09 PM
 #65

It would be somewhat simpler for investors to choose, if they knew the team members and what their experience is. However, by and by, there are numerous different things that could imply about reality of the team and authenticity of the project. Taking a gander at the website and whitepaper, their guide and tokenomics and what they have accomplished before the ICO would assist investors with facing determined challenges

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November 12, 2020, 09:52:55 PM
 #66

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..

t is clear that the old projects have no team.

Even BTC with satoshi!

At first it is out of fear of being arresteds for something illegal...

But now it isn't ...

I add that the members who come out in new projects some are not them, they are others ...
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November 12, 2020, 09:53:14 PM
 #67

When everything is open-source, I think they will just take the code and start working. There are many theories to this:

When they know their work will speak for itself, faces doesn't matter. Hidden or not, they are working behind the project and then, the project becomes their face.

If they are hiding their faces, there must be something shady. They may exit scam later because they are not trying to show their faces. How will we catch them?

Some project owners add other people's faces (fake faces) to their projects claiming they are them. It is better to hide faces instead of using other person's face as that person may face problems without being involved or known about any scams that is done by the project builders.

But we all know that the era of anonymous developers had already passed.  People especially investors demand to know the people behind the project so that they can verify the capability of each person.  Though I agree that it is better to just hide the identity than using other people's face. As an investor, and them asking for funding, it is a must for them to show their credibility, capability, and skill so that we can at least assess the possible perofrmance of the project more accurately than just betting on the blindside.

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November 12, 2020, 10:13:58 PM
 #68

Some anonymous projects does well but with the market that's this fear that hidden team members can easily be scam project and some exchanges do not lost projects without team members for security purposes but this Defi projects are being listed inany Exchanges these days without team members. Team or no team any project that wants to do well will but team shows more transparency. Though lots use to use fake members.
investors now very care with team identity, they didnt want give their money to unknown person eventhough project run well. some investors have been trauma from previous scamm that maybe take their money alot.

not all new projects now can compare to old projects which have anonymous teams, old projects are anonymous but they can work well whereas now anonymous projects are only made to fool a lot of people, for example this new new project is Defi project which can be said 90% have anonymous team and the proof is many of them end up scam right!
yep ,its rigth. after fake developers now how big money ciriculation in crypto market they attracted to create fake project to take investors money. this condition that happen now.
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November 12, 2020, 10:15:06 PM
 #69

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..
Yes, because even if they show their faces, the outcome would still the same. A scam is a scam, showing their identity or not if it is their real intention, there is no difference at all. And if they don't show their identity, there should be no one to believe on it, scammers are already taking advantage of it, they hide their identity to eaily run from the project once they got the money they desire.
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November 12, 2020, 10:18:59 PM
 #70


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

Just like bitcoin, the concern should be the project and not only looking the team. Bitcoin has achieved a lot without satoshi around because of the uses. Also other project can be that if they have use to achieve. I choose project first before the team.
You can't even compare the bitcoin that's created by satoshi which was using very fair distribution to the scam ico that's created by the hidden developers or anonymous developers.
Satoshi was giving its original idea to create the blockchain and it's different with the majority of scam altcoins that's being created to be money grabber only.
More probability to be a scam project.
People should not bet into these scam projects that's run by the anon team.
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November 12, 2020, 10:26:50 PM
 #71

Of course, projects that are open about the identity of their members are very different from projects with hidden team members.
For me, projects with hidden team members are likely to be scams higher than projects that the projects team members know about.
So it depends on how much we do research on the projects that we will follow. Projects with team members that are open to the public
should be easier to attract investors trust.

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November 13, 2020, 07:21:43 AM
 #72

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..
If the ICO team does not want to disclose their names, then how to check this project and make sure that it is not fraudulent?  For investors, this will be of paramount importance as fraud is a major problem in this type of activity.  In spite of everything, I would not risk investing in a project with an anonymous team.

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November 13, 2020, 07:27:41 AM
 #73

I don't like hidden team members but very few projects with hidden team members do very well in the past so sometimes they are worth checking out, if the content is very good enough why won't one go for it? I remember SERO protocol, they had anonymous teams and the project beats many privacy coins in crypto space till date.

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November 13, 2020, 08:06:32 AM
 #74

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..

Dont compare it with Bitcoin because during Bitcoin was created there was no ICO and fundraising event.
Thats why it matters now because any projects that need to raise funds via public offerings must be transparent and this will include their "true Identity because they are intended to raise some funds from the public, if the project is not initiating any public offering like ICO IEO, etc, or not intended to raise funds from the public, will thats okay if they remained anonymous. Defi is the perfect example because most of the Defi project team is hiding in the dark thats why they easily have gone with the funds they raise.
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November 13, 2020, 10:30:02 AM
 #75

not all new projects now can compare to old projects which have anonymous teams, old projects are anonymous but they can work well whereas now anonymous projects are only made to fool a lot of people, for example this new new project is Defi project which can be said 90% have anonymous team and the proof is many of them end up scam right!

Investors have already learned the lesson of losing money because of projects that had an anonymous team. Now they have become more cautious and want to invest only in those projects that have specialists in their team who have already proven themselves on the positive side in the cryptocurrency market. In addition, if the team has KYC, they have a higher chance of collecting the necessary amount of investment for the project.

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November 13, 2020, 10:48:27 AM
 #76

Older projects some of that have great success today don't depend on funding like ICO and IEO therefore identities is not needed as long as the code published and the product is working well and ready for publice consume. But nowadays most of the projects depends on the funding and they have investor which expects the money to come back with profits otherwise it's an exit scam.

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November 13, 2020, 10:51:51 AM
 #77

Older projects some of that have great success today don't depend on funding like ICO and IEO therefore identities is not needed as long as the code published and the product is working well and ready for publice consume. But nowadays most of the projects depends on the funding and they have investor which expects the money to come back with profits otherwise it's an exit scam.
You are right, some old projects with anonymous teams did well and they never raised any funds through crowdfunding but are you saying that all projects with anonymous team are scam? I don't believe that, well it depends on your choice, as for me I'd rather investigate the project first before judging

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November 13, 2020, 10:55:52 AM
 #78

Older projects some of that have great success today don't depend on funding like ICO and IEO therefore identities is not needed as long as the code published and the product is working well and ready for publice consume. But nowadays most of the projects depends on the funding and they have investor which expects the money to come back with profits otherwise it's an exit scam.
Indeed, showing fake profile is easy for them, they can easily generate identity that will be used in their website, not I learned this year, there will some projects that team are anonymous but still going stronger each day, and there will some that is opposite to the one that I have said, so I think there will be slightly difference but not at all, we people should learn how to choose the best coin to invest with.
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November 13, 2020, 11:02:47 AM
 #79

In fact, many projects with a complete team, with a clear marketing strategy but still failed. And what it makes sense with these things if all of these people are fake and it is just made to look promising and legit.
It could be a factor to have a good and complete team but what most important is that the project itself with a good vision and it has a working product. I could be preferred to invest with them than those projects that don't have anything to show but just their fake team members and are willing to scam you.



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November 13, 2020, 11:07:05 AM
 #80

I think it depends on the perspective on different projects, there are cases where we can see anonymous teams like Grin and they are still doing very well on that project even though we are very difficult. to learn about them. I also see very obvious team projects but not being successful, so interested in tema it is only a small part of learning a project.
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