Why most crypto projects' team members are made public these days?

[Abiky]

I've noticed that most crypto projects have team members which are publicly known by the public. Projects like Ethereum, Cardano, Terra, and others have founders whose identities are known by everyone around the world. Wasn't Bitcoin designed by an unknown person (or group of persons) named Satoshi Nakamoto? If the pioneer cryptocurrency project has been widely successful without anyone knowing who the founder ever was, then why can't other projects do the same? I was surprised to see some centralized exchanges asking for the names of team members just to list a new coin. With ever increasing KYC/AML measures, I'm afraid the days where an unknown person launches a new crypto project are over.

What are your thoughts about this? Will this greatly affect the decentralization of the whole crypto/Blockchain industry? If not, why? Your input will be greatly appreciated. Thank you.

[JakobFugger]

Currently projects are no longer experimental. They depend on investments from VC companies, Headge fund and individual investors. They are coordinated by a foundation that has high costs.

These are not hacker projects. They are companies. With the amount of scams it is much more likely that investors are interested in projects where it is possible to know their maintainers and developers than projects conducted anonymously.

Bitcoin was revolutionary. And that's why today it doesn't matter who created it. A decentralized project has no owner.

[Manel0x]

It will not affect the decentralization of the entire crypto, with my reasons;

Point 1: Bitcoin stands as a symbol of hope and trust in the entire crypto industry. perhaps the founders of Bitcoin were just known as Satoshi nakamoto but real identity is not known till today, yet Bitcoin keeps pushing up. The only way the entire crypto industry would be affected is when Bitcoin is no longer Trading or the price dumps remarkably (maybe price dump to $10 or $100). Bitcoin holds the industry and only Bitcoin can pull it down.

Point 2: Every exchange list Bitcoin today without any application (LOL), what most of this current projects fails to understand is strategy!! (Strategy to win)

Point 3: In 2009 Bitcoin was $0, 2011 it managed to get up to $1.0 and so on. But today, an average investor can not buy up to 2 Bitcoin, again every exchange wants to list Bitcoin without application.

Team and project devs of this days are concerned with investment and quick growth of their project, that's why identity are not private again (they forget the true definition of decentralization).  The team behind Bitcoin did not fear anything, they were just concerned about the value they created which they wish will turn out a good virtue one day and it did. If current projects can adopt the strategy, it will be better. But definitely the decentralization of the entire crypto industry would not affected unless Bitcoin stops to shine light of gold..


These 👆👆👆 are my opinion sir, thanks.

[Dr.Osh]

The goal of decentralization is that the project is not controlled by anyone, and also becomes anonymous, so that the movement of the price of the product is purely based on needs and wants. this greatly affects the principle of it, because with the knowledge of the team of the coin maker or the project, there will be big people, or investors who try to control them. however, the full power lies with the team.
it's just that, current conditions, such as demands from the government, and to maintain security, as well as the encouragement of investors to invest in projects whose team is clear, these things are enforced. it is also intended so that not many scammers take advantage of this technology. it's just that, even with such conditions and regulations, there are still a lot of scammers trying to suck assets from investors. however, crypto may have to adapt to world regulations in order to be accepted by the public.

[Sodiumdicromate]

The goal of decentralization is that the project is not controlled by anyone, and also becomes anonymous, so that the movement of the price of the product is purely based on needs and wants. this greatly affects the principle of it, because with the knowledge of the team of the coin maker or the project, there will be big people, or investors who try to control them. however, the full power lies with the team.
it's just that, current conditions, such as demands from the government, and to maintain security, as well as the encouragement of investors to invest in projects whose team is clear, these things are enforced. it is also intended so that not many scammers take advantage of this technology. it's just that, even with such conditions and regulations, there are still a lot of scammers trying to suck assets from investors. however, crypto may have to adapt to world regulations in order to be accepted by the public.

this inability of new projects to practice decentralization could be a disaster in the decentralized crypto industry in terms of violence and safety.
the CEO of terra Luna was a known individual and after the luna crash, a man who lose 2.4 million dollars got arrested for knocking on the CEO's door after his lost fund.

(rhetorical) my question is, what would the man have done with the CEO if not that he was arrested? maybe he would have been agresivly violent on the CEO. if decentralization means "nobody", then no name should be written on the paper as owner or CEO, that's how decentralization can be practice.

like Dr.Osh said, the movement of price of product is majorly base on need and want .

[Argoo]

I've noticed that most crypto projects have team members which are publicly known by the public. Projects like Ethereum, Cardano, Terra, and others have founders whose identities are known by everyone around the world. Wasn't Bitcoin designed by an unknown person (or group of persons) named Satoshi Nakamoto? If the pioneer cryptocurrency project has been widely successful without anyone knowing who the founder ever was, then why can't other projects do the same? I was surprised to see some centralized exchanges asking for the names of team members just to list a new coin. With ever increasing KYC/AML measures, I'm afraid the days where an unknown person launches a new crypto project are over.

What are your thoughts about this? Will this greatly affect the decentralization of the whole crypto/Blockchain industry? If not, why? Your input will be greatly appreciated. Thank you.

It's all about the safety of investing in new cryptocurrency projects. Satoshi Nakamoto did not raise money to make Bitcoin work. Therefore, this project was able to appear without the disclosure of the team of inventors. All the teams of current new projects first offer to invest money in their projects, and only then promise a profit from this. However, we know that there are a lot of scammers now and they all want to remain in the shadows so that no one knows about them and there are fewer clues to find them after the deception they have committed. Therefore, personally, I immediately associate with fraud information about all projects whose team members do not want to introduce themselves to their potential investors. In addition, cryptocurrencies are often created by people without any experience in this matter, and investors have the right to know how experienced the team they trust with their money is.

[hugeblack]

Why measure the success of a coin by “listing it in exchange”? Those platforms demanded the identity of the primary Bitcoin developer? Or will ask for it in the future?
All of these projects are centralized and considered as an investment, not a truly decentralized cryptocurrency.

In short, whoever asks about developers to buy or list it, he is talking about economic aspects by accepting quick money, but it is not "cryptocurrency" and will not have value in the future (long term.)


as for rearson beacuse there is no new update that coins can provide in the code base (all of them is just a copy of others)

[bakasabo]

I think because people nowadays dont believe in words but rather believe previous experience. If in the past it was enough to create a good powerpoint presentation and start raising money for a project, then right now, investors dig deep to find everything about project. Public team is the best way to show what project will be capable of. If the team are bunch of no names with a background of some programs made during college study, then dont expect anything good from it. But if you see that projects team is full of google/microsoft like employees, whos experience hardly fit in A4 page, then these guys definitely would create something more than a pixeled tic-tac-toe game on blockchain.

[Henrobakkara]

I believe it is the new norm considering the way we are beginning to see fallen crypto projects in the eco system. I think it is a welcome Idea because if this is not so, the crypto space is already surrounded by too many negative assumptions and Crypto Project Devs would have just been rug pulling projects cos we have seen some other projects falling even when we knew who the Devs so, even if this might not totally resolve the issue but we know who to ask what happened. 

[Jackl87]

I've noticed that most crypto projects have team members which are publicly known by the public. Projects like Ethereum, Cardano, Terra, and others have founders whose identities are known by everyone around the world. Wasn't Bitcoin designed by an unknown person (or group of persons) named Satoshi Nakamoto?
What are your thoughts about this? Will this greatly affect the decentralization of the whole crypto/Blockchain industry? If not, why? Your input will be greatly appreciated. Thank you.

To be honest for me it is a good thing that most teams that are behind new crypto projects are now transparent and that you can check in what kind of positions they were working before and what they have done so far. I know that the inventor of Bitcoin is still unknown to this day and that is also a important factor why Bitcoin has become such a huge success because in the end Bitcoin was about giving the power back to the normal people and to not be dependent on a big company or a country.
The whole crypto industry has matured though since the introduction of Bitcoin and i don't think that you can except people to fund your project with a lot of money when you don't even tell them who you are.

[rhomelmabini]

Even a doxxed team wouldn't be able to sustain it in the long term and there are several projects that proves that, having a team that is known in the space doesn't mean a guarantee, though these days only a selected one thrive. Can't say for sure if a pseudonymous project will be successful these days but that would depend on its use case I guess.

[yazher]

The more they go public the more their project grows but it doesn't mean their idea and development in the future become true because I already experienced such kind of dirty moves by the creator of the NFT game called Cryptoblade where they decided to show their faces in the start and man investors came to play their pay-tp-play game but in the end they change their game into something trash when you look at their token history price you will know what I mean. so it's better not to rely on those kinds of moves and better not to rush to invest because not all of them are true to their roadmaps and also they have hidden motives when they see their coin's price is growing.

[RussianEnglishTranslation]

I've noticed that most crypto projects have team members which are publicly known by the public. Projects like Ethereum, Cardano, Terra, and others have founders whose identities are known by everyone around the world. Wasn't Bitcoin designed by an unknown person (or group of persons) named Satoshi Nakamoto? If the pioneer cryptocurrency project has been widely successful without anyone knowing who the founder ever was, then why can't other projects do the same? I was surprised to see some centralized exchanges asking for the names of team members just to list a new coin. With ever increasing KYC/AML measures, I'm afraid the days where an unknown person launches a new crypto project are over.

What are your thoughts about this? Will this greatly affect the decentralization of the whole crypto/Blockchain industry? If not, why? Your input will be greatly appreciated. Thank you.

Major projects like Ethereum, NEAR, and CNDL have doxxed teams. You shouldn't invest a lot of money in projects where the team isn't doxxed because it's easy for the devs to run off with your money when you don't know who they are.

[vv181]

The barrier to creating new cryptocurrenices or tokens is extremely easy and quick, and some anonymous/pseudonymous developers taking advantage of it to create endless shitcoins. Consequently, it affects the user to look at a project who has a public team and also judge it by the development teams. In another hand, we can also say that the founder wants to take credit for building their own project.

[Anonylz]

It gives a level of confidence to investors knowing the identity of the people behind the projects they have chosen to invest in. Investors have placed more emphasis on this aspect and it seems some project owners who want to be taken seriously have to reason with the demand of the majority.
Despite having a public profile some unscrupulous team still finds a way to do shady stuff and make it look like an attack. Do Kwon may be publicly known but what truly happened with terra luna still remains a mystery.

[Silberman]

Currently projects are no longer experimental. They depend on investments from VC companies, Headge fund and individual investors. They are coordinated by a foundation that has high costs.

These are not hacker projects. They are companies. With the amount of scams it is much more likely that investors are interested in projects where it is possible to know their maintainers and developers than projects conducted anonymously.

Bitcoin was revolutionary. And that's why today it doesn't matter who created it. A decentralized project has no owner.

Times have changed, I have no doubts that if another genius like satoshi released a coin while remaining anonymous and the coin was in fact revolutionary and the developer behind the coin did not took a bunch of coins for himself then the community will support the project and it will eventually make it to centralized exchanges, but now a great deal of the coins being released are either scams, and as such people do not want to invest in a coin in which the developers are not made public, or the project has the backing of huge institutions, in which case the developers have to go public and reveal who they are anyway.

[jossiel]

It had changed because of the what the market is asking.

And for the new investors, we do know that they're on it for the projects that have known names so they would know who's accountable if the project goes worse and names behind it did it on purpose.

Unlike for bitcoin and satoshi, it's entirely a different thing of being made and it's one of the perfect example for decentralization. It's a big deal before but it just had changed I think during the ICO days.

[Yogee]

.... If the pioneer cryptocurrency project has been widely successful without anyone knowing who the founder ever was, then why can't other projects do the same?

It's not that they cannot do it. It's the public that wants transparent teams for their own protection or else they won't support it. I'm sure you know the abuses of projects with anonymous teams did in the past years.

I was surprised to see some centralized exchanges asking for the names of team members just to list a new coin. With ever increasing KYC/AML measures, I'm afraid the days where an unknown person launches a new crypto project are over.

Times have changed.

Will this greatly affect the decentralization of the whole crypto/Blockchain industry? If not, why?

A chain can remain decentralized regardless if we know the developers or not. What this can affect is the innovation side. Any genius who prefers anonymity will be discouraged to create.

[Rengga Jati]

Because Bitcoin is special, Bitcoin is the first cryptocurrency, Bitcoin is the father of cryptocurrency, and Bitcoin is trusted.
On the other hand, can altcoins do the same as Bitcoin? Can you guarantee that altcoins are trusted while there are so many scams in the crypto world so far? Bitcoin is not a scam, but altcoins, there are so many scam projects so far. That is why to pretend from listing or having shit or scam projects, it is better to make acceptance to gain more trust, isn't it?

[kurniawan05]

The team of a project should indeed be presented publicly to avoid scams, increase investor confidence and increase the responsibility of the team members to ensure that the project will continue to grow.