FloridaKid
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Activity: 375
Merit: 15
$CYBERCASH METAVERSE
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November 14, 2020, 06:20:21 PM |
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I don't care about team going invisible, I care more about what the project is trying to solve in crypto space, I won't judge until I check the utility first, in the past I used to avoid this type of projects but I've learnt that some projects with hidden team do better than most projects with visible team members.
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krisnajsadrak
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Activity: 1092
Merit: 250
Hodlers Network
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November 14, 2020, 06:44:12 PM |
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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 we compare the current situations with the past wich mean when bitcoin released is not a fair for sure they show up their face and name, but in the past cryptocurrency is not popular like now
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disconnectme
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November 14, 2020, 07:28:06 PM |
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Bitcoin is an outlier when it comes to anonymous team, comparing every project to Bitcoin is very wrong and the success of Bitcoin comes from the selflessness of Satoshi, leaving the project for others to continue the development help Bitcoin to discover itself and weather the early storm and come out great
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Jackl87
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November 14, 2020, 07:43:02 PM |
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If the team members are shown on the website of a project and if most of them have linkedin profiles that you can check to see their former employers and to see how experienced they are in their field of work than that's definitely more convincing than a completely anonymous team. But on the other hand bitcoin and cryptos where once meant to be anonymous and decentralized ways to pay and to make transfers.
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CaVO32
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November 14, 2020, 07:44:41 PM |
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I won't avoid a project because it's team members are anonymous, why don't you check it's use case or utility out first? Some projects with anonymous teams have shown better results than many projects with teams that show their faces to the worldthe concepts of projects is more important than anonymous or not
It really depends on how the team execute their goals and objectives, whether anonymous or not. If you can see progress of their developments and they are sticking to their roadmap, then, the chance of this project to achieve success is high. You can also see their sincerity towards the project if they respect their timelines. I know it is hard for the team to complete their tasks according to their timelines but if they are providing timelines, that means that's their target schedule to accomplish the task. If they can't fulfil their schedules, then there's should be valid reason from their end.
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qazgroup
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Merit: 20
RiveMont
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November 14, 2020, 07:45:36 PM |
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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 have been in crypto space since 2016-17 so i have seen different types of markets and especially ico boom as well but my personal experience is not good when it comes to projects with hidden teams as most end up as scams and i feel safe with fully transparent projects that is why i do not recommend investing in hidden team projects.
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optimisticcm
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Activity: 210
Merit: 10
Sovryn - Brings DeFi to Bitcoin
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November 14, 2020, 07:52:48 PM |
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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..
Why would anyone want to invest in a project with hidden teams? It just does not make you a wise or vigilant investor if you do so. I see this startegy as high risk and it is just like throwing away your money or you just do not care about it.
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Renampun
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November 14, 2020, 08:07:02 PM |
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the faces of the team members listed do not guarantee the project is legitimate... Don't be easy to say that a project that includes the face of the team behind is a 100% legit project, so many cases where they take it easy to run away investors' money without fear of being caught by the police. get rid of the perception that 'a legit project is a project that includes a team face on website or whitepaper'.
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ololajulo
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Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
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November 14, 2020, 08:27:09 PM |
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so for me hidden team members or not still doesn't make a difference..
I am out-rightly against this, it is a very bad advise and should not be taken. Bitcoin cant be compare to any of the new coins, the story is different, there was no crowdfund, even the coin were distributed for free to interested individual, so how will u compare that to a team asking for $30 million without a face to their name, maybe no other identity. Even those with faces scam us, not in this face any more, he should give other successful projects that lasted the 5 past years in the space without identity
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JahriMeayer
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November 14, 2020, 08:53:21 PM |
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Situation is difficult now from the matter of bitcoin. I agree that many project already succesuful without presence of their Team memebers but no doubt, they play vital role for draw investors attention for their tokensale. any known member from team, can ensure the believability of any project and contribute for positive impact which is not possible in their absence.
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DabsPoorVersion
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Activity: 1260
Merit: 315
www.Artemis.co
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November 14, 2020, 11:17:46 PM |
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It still depends, i guess. We still need to determine the goal/plan or if the project is promising or not and not only the team.
And if they provide their identity, you just need to confirm if this is legitimate or not. There is a lot of ways to confirm that and of course we follow only those projects who reveals their identity than those project who always try to hide it.
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Gvent
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Activity: 406
Merit: 252
kittiefight.io Combat MMO Lending Jackpots
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November 14, 2020, 11:22:10 PM |
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Only a few ICOs have I seen that are scammers and showing their face, and at the end of it all they still got caught. And some of them were not really caught , but due to some kind of financial issues and they happened to fall. Most scam projects prefers to hide their identity, and if they can’t be anonymous with the project they are launching, they will try to do what’s called impersonation, pretending to be who they are not.
I have seen so many scam projects that people later trace their team members only to find out that they are not the real people, but just scammers pretending to be people who have no single idea about the project.
I've seen a lot of scam projects where developers hide their identities in an intercepted way they took photographs and names of other real people at the same time people did not even know anything that they were listed as developers in fraudulent projects
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kevinzxz
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👉bit.ly/3QXp3oh |🔥Launchpad on TON
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November 14, 2020, 11:30:03 PM |
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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 think the most important thing to make a project successful is the product idea of the project and the progress of the project at any time, because if the project is good and useful for the future then the project will definitely be successful, even if the identity of the team is published or hidden, therefore the most important thing is the product and the progress of the project and not the identity of the team (published or hidden).
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bitkanu
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November 15, 2020, 03:24:40 AM |
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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 think the most important thing to make a project successful is the product idea of the project and the progress of the project at any time, because if the project is good and useful for the future then the project will definitely be successful, even if the identity of the team is published or hidden, therefore the most important thing is the product and the progress of the project and not the identity of the team (published or hidden). Product is not a thing that will be determining the success of the project. I just found an interesting thing about this and when you have been watching the BSC and then you will see some projects that have developed the product have become exit scam project. it's funny there are people who use the product as a thing to determine how successful the project. Those scam projects on BSC have been running by the anon developers too.
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baiwei
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November 15, 2020, 03:34:19 AM |
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For me there is no difference in the case, whether the team member is known or not. I am not saying that we should not focus on the team of the group but rather focus on our interest in the product and progress of their project because it is more important to know if it is a scam or will eventually benefit you. So let us not rely on whomever inside the team running it instead focus on the projects capability.
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icalical
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November 15, 2020, 04:03:12 AM |
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It's important but not the most important,
I always consider transparency whenever I want to invest or involve in a project, and team member is part of that. Even when a project reveals their team, that could be just a fake person or a real person but the person doesn't even know about the project, hiding the team member is, of course, worse than that. But there are other factors too, such as the fundamental, whitepaper, coin utility, etc.
What I am trying to say is that revealing the team member would be a plus, but without a good whitepaper and other stuff, it will still not convincing. Otherwise, a project with a hidden team, but has convincing whitepaper, fundamental, and great detail on their project will be better.
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southerngentuk
Sr. Member
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Activity: 1316
Merit: 254
Sugars.zone | DatingFi - Earn for Posting
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November 15, 2020, 04:24:38 AM |
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This depends on different projects, projects will have their own development strategy and how they want to make the team public or whether they want to remain anonymous will also depend on the development strategy of each project, but in In the current crypto space, there are not many such projects, but most new projects appear without clear information, most of them are projects that copy and scam.
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bubbalex
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November 15, 2020, 06:30:20 AM |
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There are a small number of good and successful projects with an anonymous team, but this is rather an exception to the rule. In most projects, there is no need to hide the team, and most likely, it is done by scammers to avoid any responsibility. If the project is good, then to show the team is an extra advertisement, a way to prove their experience.
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Psynthax
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November 15, 2020, 06:42:57 AM |
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Now that many new projects are complete scam projects using anonymous team will scare many investors away thinking that the project is from scammers, even if a project is a privacy coin now days it's just better to let your investor know more about you
I know right? being anonymous has its own disadvantages which is making people less interested into their project and any sane people would think twice before doing any investment if they don't even know who's behind that project. Tbh, if many people still invest to an anonymous project which would easily become exit scam then I guess there's nothing could save them.
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Dariusburst
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November 15, 2020, 07:05:10 AM |
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When I'm doing research on new projects, concepts and innovative ideas are always my first aim, followed by what pro level the teams are on, anonymous team makes things more harder to be honest but some times the project utility says it all, worry less about teams going invisible and focus on the project use case instead
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