Post
Topic
Board Altcoin Discussion
Re: What is Transparent in it if team behind the coin is anonymous
by
livingfree
on 19/09/2020, 10:29:30 UTC
They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

No one will be followed, no one will get sued if the team is anonymous. This is why it's good to follow those projects that has a known team and is composed of people that has experience in cryptocurrencies, not just the typical expert that the media says.
I agree, thats the reason why they chose to be anonymous.
But we know its important for the team to become transparent.
So we can check their background and their previous projects.
Anonymous team of the project is likely a scam so stay away.
Knowing the team will give you as an investor the confidence that you're with the correct team. But if the team is the one who's hiding in the shadows, there is no sense if you're too eager to invest with those projects.

The trust is important.

And if there's no trust found on the team as they are anonymous or if they are not yet majority that's part of the team are not trusted, why you should invest?