Anonymous a red flag?

[Bitstar_coin]

It shouldn't be. Bitcoin was an anon project too. On the other hand, if you have to invest money of your own, I'd never trust an anonymous team.

I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!

btc was the first and was the only coin during it's time, even btc face some opposition while evolving, many people tag it as a scam and warned people to stay away, btc did not develop into a world class asset without any oppositions, and that was then, this is now where scam is the order of the day, i myself will not trust a project without a team, anything can happen and your funds will go into thing air.

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[masterrex]

I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?

IMHO, I believe that if you are doing any fundraising campaign like ICO, IEO, IDO, etc. and you are hiding your identity for me that was a huge red flag because you are not sincere in what you are doing by not showing transparency to your possible investors. And a modus like this is very common during the 2017-2018 ICO crazed, resulting in massive losses of investors money due to exit scam projects. But if you are not doing any fundraising campaign by selling any coin/token to the investors maybe that was a slight consideration to stay anonymous.       

[Jackl87]

I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?

As others in this thread already mentioned here it depends on the type of project in my opinion. If they are doing a new privacy coin or a project that protects your identity on the internet than it just makes sense that the team wants to stay anonymous.
Privacy coins are not allowed in certain countries as far as i know so it makes sense that the devs don't want to be known there. If they ask for a lot of money though and still don't want to reveal their identity than it's very questionable in my opinion and i personally would not invest in a project like that, because it just seems to unsafe and a rug pull is more likely this way.

[el kaka22]

In these times I think they should just show their selves to the public. It will increase the credibility of the project, that way also they trying to say that' hey we've shown our faces and we won't run away". That type of feeling the investors will feel they won't be left out. Many people are just afraid to invest in people they barely knew. Well it's still for those who manage to do it anonymously, I can't even think of one right now aside from bitcoin.

They already explain the reason why some of the team members decided to stay anonymous, if there will be a legal implication when their identity is revealed, it will of best interest they stay unknown, however, staying anonymous will not give the project the level of trust the project would have, many investors are not very comfortable investing on project without knowing anything about the team, i know i would be skeptical too,
Project with team profile information still manage to rug pull and exit scam much less of those who are anonymous. It is up to investors to decide to take the risk or not.

I do agree, a nickname would be enough, if you can find that person online anywhere you can, but that's about it, there is no need for anything to be more detailed, it is really not something that people should be forced to do. If I had any sort of project for example, I would probably be doing something anon as well and wouldn't give my name, not even because I would be scamming anyone, I mean we are talking about an example and let's assume I created a great project, it's so great that it became a top 10 coin, I would not want to share who I am even in that situation, that doesn't make sense to say who you are when there are so many legal stuff about creating a project.

Of course it is going to take a while before people realize that, and of course some people will keep scamming others hiding behind being anon, but that doesn't change the fact that you should not share who you are.

[uneng]

It shouldn't be. Bitcoin was an anon project too. On the other hand, if you have to invest money of your own, I'd never trust an anonymous team.

I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!

btc was the first and was the only coin during it's time, even btc face some opposition while evolving, many people tag it as a scam and warned people to stay away, btc did not develop into a world class asset without any oppositions, and that was then, this is now where scam is the order of the day, i myself will not trust a project without a team, anything can happen and your funds will go into thing air.

Even being anonymous bitcoin had the public participation of Satoshi Nakamoto and a group of crypto experts enthusiasts online, like here, on this forum, what lead bitcoin to more than a decade of success and positive reputation already. It's not possible to compare this situation to unknown anonymous developers who emerge collecting funds to launch new projects which don't bring any kind of innovation or new features.

Of course there are anonymous developers who may have legit intentions and good ideas that will result in success products, but it's still too risky for investors. Especially because we have many other options to invest with relatively less risk in this crypto universe.

[Willitivity]

Anonymous team is definitely red flag  for me, how can I entrust my money into the hands of some unknown people who might be scammers or not, but the chances of losing that money is very high compared to the chances of getting it back, I can't afford to take such risk to trust a stranger, what if they run away with the money? how I'm I going to be able to trace them and get back my money? In order to avoid such drama its better to stay away from projects with Anon team.

[serjent05]

Taking the sentence from the image shown..

Two of the main devs are ex-developers from high tech companies working in the same industry and revealing our identity is currently risk, legally speaking

Well, this sentence alone is a very huge red flag especially if they are asking for investment such as getting funds from crowdfunding.  It is not wise to deal with a project that would have a legal issue prior to the previous company of the said developer.

[Bitcoinislife09]

I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?

I mean for me yes for a newbie you could totally disregard projects that have an anonymous team because there was no actual reason to do think in a project. If they were really a legit project I can't see any reason why they need to do this aside from most of the top projects these days that don't really have anonymous developers or something or a CEO. For a newbie, there was no reason for you to take the risk especially if your planning to invest in that project or an ICO or something. There are tons of project that is way less risky that going for something like anonymous developers that could potentially or easily be a scam.

[magneto]

For sure.

For most altcoins, even though they are nominally decentralised, a part of the value that they pose comes from the development team that's backing the project.

By going anonymous the project is essentially forgoing that part of their value, and any investors who decide to take part would also be worse off as a result. This is not to mention the hundreds (if not thousands) of ICO scams in 2017-18 that involved fake/anonymous teams. Do not invest.

[Ulven]

How is it possible for us to place complete confidence in a project that is being managed by anonymous developers, about whom we know nothing. For me personally, I can only trust them after two years or more, because with the passage of time I will know if the project is worthy of trust or not!!!
 You must be wise before making any decision, try to move away, do not invest in projects like this, wait for the right time.

[Mahanton]

I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?

Not always the case but most likely with having anonymous developers do turn out to be a scam in the end of the line which i wont really be suggesting on touching
off these kind of projects or do tend to make out some investment on them.Always go into those developers who do shows off their faces or does have crdibility
when it comes to their capacity and positions on a certain project.At least when they do turn out to be a scam then you can still have the able to trace them on
and possibly do really make some  legal actions towards them on that case.

[Ridwan Fauzi]

There are so many project as well who reveal their identity but eventually scamming their investor. Actually it depends on your trust or your persistence when you analyzed the project. I have a few times to invest in new project that they decided to hide their identity and greatfully the project is good and given me some profit.

Indeed, I agree with user who say that bitcoin creator is anynomous as well and until now he stay anynomous although its price is getting high time by time. So, this is pointed out that anynomous team is not guarantee the project will deceive a lot of people.

[JeffBrad12]

btc was the first and was the only coin during it's time, even btc face some opposition while evolving, many people tag it as a scam and warned people to stay away, btc did not develop into a world class asset without any oppositions, and that was then, this is now where scam is the order of the day, i myself will not trust a project without a team, anything can happen and your funds will go into thing air

Bitcoin could be on a different level compared with the new coins created by anonymous developers. I should remind you that dude so many altcoins were created by the anonymous developers are only forking the existing code and no more.
Did you remember about BTG, BTCD and so many bitcoin fork coins that created by anon dev? these coins become scam coins right now.
The climate in crypto already changed and the anonymous team is a big red flag to call that a scam coin.

[maxreish]

As for me, it is not bad to make their identity publicly. If they arent go against any kind of bad intentions, revealing themselves and showing off to gain trust from investors will be good if ever.

There is nothing wrong being anonymous, its just that if they reveal themselves sincerely and making sure they are doing the project seriously, then  much better for the  devs, participants and investors.

[slaman29]

It shouldn't be. Bitcoin was an anon project too. On the other hand, if you have to invest money of your own, I'd never trust an anonymous team.

I support anonymous projects but these never needed my money. If you want my money, you better tell me who you are and where you come from;) Not that this stops them from scamming!

btc was the first and was the only coin during it's time, even btc face some opposition while evolving, many people tag it as a scam and warned people to stay away, btc did not develop into a world class asset without any oppositions, and that was then, this is now where scam is the order of the day, i myself will not trust a project without a team, anything can happen and your funds will go into thing air.

That's very true, and until today people still tag it as a scam but as I said the most important difference here is Bitcoin never actually asked anyone to invest anything. You could buy it or sell it or even use it without funds (like to verify hashes and make random drawings or even sign authenticated messages).

Imagine you didn't need to BUY anything to use Bitcoin in the beginning.

[Silberman]

Really depends but in my opinion if they are asking for money like creating ICO or any other crowdfunding method and decides to stay anonymous then that's a huge red flag for me, doesn't matter how good a project I won't invest to some projects that decide to hide their identity, it's like giving away money to stranger and hoping to get your money back with profits but that's just my preference to choose a project that has clear identity of who behind the project.

It is even probably worse than that, if you were to give money to a stranger at least you have decent chances of getting all your money back as they will either not accept it or not understand what it is happening and give you your money back, but in this case there is a very high chance that those that hide their identity are scammers and are not interested in developing any kind of project and it is all a front to steal your coins thinking people are going to ignore the fact they have decided to not reveal their identity.

[devollito]

In fact, not all anonymous is scam project. Sometimes developer or team just dont want to reveal their name. Let say bitcoin, bitcoin its self created and founded by anonymous " satoshi nakamoto ". But its better to invest to the project which you know the information as much as u can. If you wanna do big investment maybe you can do meet up first.

[iTradeChips]

Aside from being anonymous, there are other things that comes through my mind about coin or token creation. And that is coming from the concept similar to DOGE which is a meme coin. I mean DOGE has no purpose, no real world use, and is shunned by many. But many made some big money when Elon Musk talked about it a few months ago. Is there a possibility one can make a meme coin and be able to stay anonymous?

[X-ray]

But airdrop etc. If there is a distribution with things and the project in hand will distribute the crypto money for free, it may remain. But others will be dangerous.

airdrop from the anonymous developers are not worth to be tried consider it has a very big chance to be another garbage coin and we should only stick into the legit airdrop.
I will never try to trust the anonymous developer except satoshi nakamoto as the most trusted person in crypto.

We should not waste our time to promote the high possibility of scam project. this will make others got trapped by the scam project.

[TheMimic1]

I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?

This image looks like the one on mocktail swap bounty project? Well team staying anonymous doesn't mean they are scam, I have interest in the project too but I ignored it because I wasn't so sure until the team decide to use Certik foundation which means a real prove of serious auditing, I hope this change your mindset about the project