{"id":527010,"date":"2022-12-14T22:29:50","date_gmt":"2022-12-14T19:29:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/anonymous-crypto-developers-belong-in-prison-and-will-be-there-soon\/"},"modified":"2022-12-14T22:29:50","modified_gmt":"2022-12-14T19:29:50","slug":"anonymous-crypto-developers-belong-in-prison-and-will-be-there-soon","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/anonymous-crypto-developers-belong-in-prison-and-will-be-there-soon\/","title":{"rendered":"# Anonymous crypto developers belong in prison \u2014 and will be there soon"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27837ef0305\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27837ef0305\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/anonymous-crypto-developers-belong-in-prison-and-will-be-there-soon\/#%E2%80%9D_Anonymous_crypto_developers_belong_in_prison_%E2%80%94_and_will_be_there_soon_%E2%80%9C\" >&#8221; Anonymous crypto developers belong in prison \u2014 and will be there soon &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Anonymous_crypto_developers_belong_in_prison_%E2%80%94_and_will_be_there_soon_%E2%80%9C\"><\/span>&#8221; Anonymous crypto developers belong in prison \u2014 and will be there soon &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvNDg0Mzk0YTYtODdiMy00ZWRmLTllMGEtNDk5YjA2ZjVlOGE3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-30a6cf80>In the months following the announcement of my company\u2019s first experimental title, Cyberstella, visits to my personal LinkedIn profile increased by an astonishing 300%. What does this tell us about the rising trend of anonymous developers popping up in every Web3 community to spam users with investment opportunities and then dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear from the face of the Earth?\u00a0<\/p>\n<p>Well, it spells out trouble for anonymous crypto developers who think they can get away with never putting their face where the money is, so to speak. <\/p>\n<p>The fundamental principle behind crypto investing is a two-step process: Issue your project\u2019s native token, leverage it for profit, and re-invest what you made into the project\u2019s development itself. It\u2019s an easy and straightforward way for builders to raise funds and keep their work up, while supporters can benefit from a token with a fluid environment and from feeling like they\u2019re a part of the developer community, as well as a part of what makes the project a success. Of course, this model presents quite the scarcity of substance and opportunity for growth, which means that the macro crypto trend can leverage the price of native tokens. <\/p>\n<p>When Murasaki, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> studio building decentralized titles on the blockchain that I co-founded, announced its first project, I decided not to be <em>one of those <\/em>GameFi developers. I was going to put my face and my name out there, right next to Murasaki\u2019s and Cyberstella\u2019s, because I believe in the future of what we\u2019re building, and I believe that anonymity almost always spells out signs of trouble.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>90% of GameFi projects are ruining the industry\u2019s reputation<\/em><\/strong><\/p>\n<p>By looking at the LinkedIn data, I was right. <\/p>\n<p>People <em>do <\/em>care about finding out more about the identity of a founder or developer before they sign over their money. However, scammers have managed to successfully convince a portion of the GameFi community to act against their own best interest, contrary to how they would behave in almost every other scenario. And when they\u2019re done scamming one community, they move on to the next \u2014 after all, no one knows who they are, so it\u2019s easy for them to start over with a new audience. The cycle repeats itself over and over again, and the space\u2019s reputation keeps getting worse because of it. It\u2019s a true lose-lose situation for everyone involved, except the anonymous scammers. <\/p>\n<p>In poker, blind betting refers to the cards you are required to put down \u201cblindly\u201d before you have had a chance to see what they are, after which each player will do the same and either fold, call or raise without knowing what they are betting on or how it might turn out. In such a scenario, everyone is aware of the rules and circumstances, which means they trust that no other player will grab everything on the table and run. In GameFi, that\u2019s often what happens. <\/p>\n<p>I believe that anyone who boldly lies their way to full funding belongs in prison. Here\u2019s why their moment of reckoning is closer than we might think: It\u2019s actually not that hard to spot a scammer in action. <\/p>\n<p>If they don\u2019t display their real name, their face and their identity in verifiable ways, that\u2019s always going to be your first red flag. Next, look for a lengthy and detailed roadmap. It shouldn\u2019t entail a crazy amount of moving parts, nor should it be unintelligible and jargon-filled, but instead, it should just be a very clear and compelling explanation of what the project is about and what it aims to achieve in the next few months and years. If you can\u2019t find a roadmap, that\u2019s another major red flag. What about smart contracts? You <em>need<\/em> to be deploying smart contracts in order to deliver what you actually promise; otherwise, that\u2019s strike three.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>GameFi developers could be facing big fines and hard time<\/em><\/strong><\/p>\n<p>Community is a huge factor for any Web3 project and anyone who\u2019s serious about building and evolving in the space. If your potential scammer project proudly shows off 50,000 members on Telegram and Discord, but only five or 10 people seem to be online at any given time, you might have another, huge, clear-as-day red flag staring right at you. <\/p>\n<p>Lastly, overpromising is a big sign that somewhere along the line, something will not quite check out the way it should. How can a project owner publicize a super high-quality AAA title they\u2019re in the process of building while also not doing much fundraising and constantly pushing back roadmap deadline after deadline? It\u2019s probably the easiest way to spot a scammer, and the one you should be most afraid of. <\/p>\n<p>The truth is, chances are that most anonymous builders are ready to run away with the money once they raise enough, as they don\u2019t need to try and actually turn the project into a success. They can just buy bots to increase their profile and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> standing, pay pennies to shillers who will keep up the appearance of an active community on Telegram and Discord, and be done with their job. <\/p>\n<p>Here\u2019s the good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>: Only in the last few years, crypto scammers have faced 18 months in prison, 15 years, 115 years \u2014 and even 40,000 years. Yes, really, 40,000. When it\u2019s so easy to spot a scammer and the sentences they face should they get caught so high, here\u2019s hoping that people will wise up to the reality of GameFi scams, and anonymous developers will realize nothing could be worth 40,000 years in prison.<\/p>\n<p>May 2023 be the year that we put anonymous crypto scammers where they belong \u2014 far, far away from the community we\u2019re proud of and even further away from eager investors\u2019 money.<\/p>\n<div>\n<div style=\"background: rgb(239, 239, 239); border: 1px solid rgb(204, 204, 204); padding: 10px;\"><strong>Shinnosuke \u201cShin\u201d Murata<\/strong> is the founder of blockchain games developer Murasaki. He joined Japanese conglomerate Mitsui &amp; Co. in 2014, doing automotive finance and trading in Malaysia, Venezuela and Bolivia. He left Mitsui to join a second-year startup called Jiraffe as the company\u2019s first sales representative and later joined STVV, a Belgian football club, as its chief operating officer and assisted the club with creating a community token. He founded Murasaki in the Netherlands in 2019.<\/div>\n<\/div>\n<p class=\"post-content__disclaimer\"><em>This article is for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/anonymous-crypto-developers-belong-in-prison-and-will-be-there-soon\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Anonymous crypto developers belong in prison \u2014 and will be there soon &#8220; In the months following the announcement of my company\u2019s first experimental title, Cyberstella, visits to my personal LinkedIn profile increased by an astonishing 300%. What does this tell us about the rising trend of anonymous developers popping up in every Web3&#8230;<\/p>\n","protected":false},"author":1,"featured_media":527011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/484394a6-87b3-4edf-9e0a-499b06f5e8a7.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[91083,133571,75269,80,10751,71511,55229,70934,67874,8575],"class_list":["post-527010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain-game","tag-gamefi","tag-us-government","tag-games","tag-gaming","tag-government","tag-law","tag-regulation","tag-united-states","tag-usa"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/527010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=527010"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/527010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/527011"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=527010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=527010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=527010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}