Topic: [ANN][NIM] - Nimiq - The Browser Based Blockchain - page 114. (Read 131288 times)

IMPORTANT Security Announcement

From now on, Nimiq and its team members will NO LONGER post security relevant links in any channels or official communication. To be safe from scams and fraud, ONLY trust information or links you find by first going to https://nimiq.com as single and secure point of entry (manually enter https://nimiq.com in the address bar of your browser window).

Our official communication will always and only ask you to first go to https://nimiq.com and describe where to go from there to perform a certain action

What about manual for KYC?

Yes. Launch of Mainnet is still on track.

Yes. To use our Activation tool you need to pass KYC.

Will the main net go live in q1?
Many have been waiting for months since the ico 
Hopefully it can be listed on the larger exchanges like binance and finex.

The conversion will only be possible after kyc?

I apologize if this is addressed already but I find this whole thing very interesting. It seems to me that requiring KYC after the crowdsale is too late.

How do you know if investors bought the crowdsale or bought on an exchange? Are you just planning to Disallow US citizens to convert regardless, just to be safe.

I'm not that worried about it, I just find this interesting as it is another example of how complicated regulating crypto-currencies is going to be.

If you are looking to mine i think is better to have several core i7 CPUs than several PIs because the PIs CPU has a slow memory compared to a cheap core i7. Memory latency is one of the main variables for our PoW algo. You can check nimiq.community/benchmark for some community benchmarks

Yes we actually have a very simple tool to help you with the process for NIM activation using your NET tokens. Stay tuned for the announcement

Does Running nimiq browser on raspberry pi 3 worth?
like few raspberry pi., around 10-12 pi

It's been months since I've been watching Nimiq! Does anyone know what will happen to the NET tokens as soon as the mainnet is released? Is the conversion possible, apparently a simple question, but in fact, will this swap be fast? Switching NET tokens for NET coins does not appear to be simple.

VLOG Update: Nimiq Bug Bounty, Public Invitation
https://www.youtube.com/watch?v=8HiX7iX_bHI&feature=youtu.be

ryzen 1950x 1920x
Is there a cheaper ways for a great CPU and is easily resellable etc
looking into amazon aws vps but seems to be more expensive right now

the Hacker One's Program usually runs for a month right?
So Nimiq Mainnet end of Quarter 1 or  start of Quarter 2
only  if hackerone's program does not find huge vulnerabilities

Do you consider the possibility that they did not have the right information at the ICO time, or that the risk profile of the KYC decision has changed given recent regulatory changes? Your assumptions are strong but unfounded.

NIMIQ is a joke.   If they wanted to do KYC they should of done it during the time of the sale, not after it is already selling on an exchange.  Makes no sense.

At least this KYC thing is bringing attention to this project. The market is surely doing ok right now.

We do guarantee that by using the best providers available with the safest and strictest regulations possible. Our KYC provider is currently used by businesses like Coinbase and Bittrex, where the data of the users is also very sensitive. We are paranoid about security too and we are trying everything in our hands to keep the information of users safe.


And again, this is plain, unaltered, out-of-the-box FUD  . You are saying we are giving information to a third party so we avoid responsibility in case of data loss? No, we most definitively are not.  As I stated before, using a third party KYC provider is the safe and responsible thing to do. It is madness to think a Blockchain Startup would dedicate time and effort building a one-time-only KYC infrastructure!. We would not be able to focus on what we do: Native Payment Protocol to the Web. It is, from all points of view, the wisest decision to use a provider who actually dedicates to the complex business of ID verification and anti-money laundering filtering. It is super delicate too, and these guys have been doing it for years with sensitive information like passports verification for flights and crypto platforms. If you analyze it objectively I think the decision makes a lot of sense.


Blockchain is changing the world and there are a lot of good players and bad players in that game. We want to be the leading payment protocol for the Web, this is a totally different field than Ethereum, these are different times than the time when Ethereum launched, and more importantly, we are a whole different project. In the future we might need to partner with E-commerce sites, Web Platforms, International Community, and... who know what new technologies will emerge in the future. Our research has demonstrated we will have a higher opportunity to succeed in our main goal if we require KYC in these part of the process, that way we are safe and ready for regulation and rules any of these organizations, it is not only governmental regulations we have to be prepared for. Sorry if you don't understand this, but it is for the sake of the project.


I'm also very romantic about decentralization and believe, I dream of a world where we can all fully benefit from it as a species. But I think that for that to happen we have to find a happy medium with the current regulations and continue moving forward to that dream. I'm really sorry if KYC is a true problem for you, I can tell you really support us and is not nice to ask a user to go through a process that they feel unhappy about. I really do hope you can understand our point of view and the reasons why we are doing this, and also continue supporting us.

I can conclude by telling you we honestly care a lot about the user's personal information, it will remain in the KYC provider only as long as strictly needed by us, and then they will delete it completely. And also that we wouldn't do this process if we didn't believe it will boost our potential for mainstream adoption. I hope you understand and I see around our community some time soon 

so you cannot guarantee that, exactly my point.
it is not your problem if the 3rd party gets legal trouble or might be punished by law.
and its not your problem if our data gets stolen, i understand that.
and i understand that i might sound paranoid, but i cannot stress this enough.
unless you have a continuing finanacial relationship with some website then you shouldnt send out your personal information
for example, in germany facebook just lost in court that people dont have to use their real names.

i know you try to make me mad by calling me uninformed but you see me throwing around facts and carefull selected questions you cant seem to able awnser.

thats exactly what we need now, people with opinions. thats the only way stuff gets regulated the right way.

but i know using a 3rd party provider saves you so much work and money that there is no way in these times that you could do this yourself. or could you?
and maybe save the data securely encrypted inside of your chain. but why bother, its just the legal status of nimiq, lets hand this over to a 3rd party. noone can blame us if we loose the data.


because i know there is no court rule to enforce this. otherwise this would be all over the news and unless we dont have any laws and regulations everything we do creates the path into the future.
and thats exactly the time when people need to stand up and tell their opinion, tell that they are not ok with how some uninformed people want to run things.
i know you dont want to fight that fight and thats why you want to comply a little bit, but not all the way.
and there are no facts that proove you are right. and unless you cant proove that you "have to" then it simply is not true... the old rule... thats how i know its not based on my opinion.
seriously, why do you worry about kyc when ethereum didnt.
but yes, the opinion of your (i would like to think (because of what i said) "uninformed") legal team is better be save than sorry.  maybe they should think about their jobs and how much they could do once the legal trouble sets in because you didnt let some 3rd party grab all that data. i think yes, they want to go the save and easy route, who wants to fight for privacy right? ^^


sorry, if you want to buy some NET with NIM you need to send me your ID and personal information, my legal advisor advised me to


yes sorry i didnt remember all the terms from your crowdsale a couple of months back, so much has happened...
but you had the rule already, thats great, noone from the us invested, awesome.. now... why kyc again? maybe that the right question: why did your legal team advise you to?
and yes your right i am against the kyc for some obvious reasons. centralized databases of personal ids with no oversight. oh boy, the history of the internet prooves nothing is safe unless offline.
however, its looks like this is the fist time kyc is something i have to think about, sadly you cant give me much reason why kyc is a good idea for your project and why not everybody has to do it.
but thanks for trying it was a pleasure

The KYC at the end makes it seem like a complete cash grab.
The reason for doing KYC is to know who the funds raised in the ICO come from.

A respectable project would do KYC before the ICO and not after it, not after close to 8 months of waiting to trade the real coins in...

Now when all those funds have been smoked for several months, this project wants to do KYC... based on legal advice.

This whole ICO has been a disaster when compared to other ICOs at that time.

Very close to be called a scam...

Thanks for clearing that 


Yes, we are not going to ask for background information or the origin of BTC. But we do need your id. We don't like it either and we are working hard to make it as easy as possible for NET holders, but KYC process is something our legal advisers have strongly suggested for the sake of the future of the project.


We strongly disagree, after studying every option carefully It is the safe and responsible way to do it, if you think different is your personal (uninformed) opinion. You're entitled to it, but if you think it is 'lazy, cheap and irresponsable' your are plain wrong, is exactly the opposite. How can we guarantee all that? The KYC provider follow strict legal regulations and using the data without our consent is punished by law as a crime.


How can you know it is not true?. Again you are using your personal opinion as a fact. Our legal team has strongly adviced us to proceed with KYC. Nimiq is an open source payment protocol and our main goal is for it to be the native payment protocol of the web and we do trust our legal team is aligned with the same vision. If you want to enter into a debate based on your opinions about KYC and wikipedia links you are very welcome to do so, but it just has nothing to do with our project.


Nimiq is an open source project and users who participated in our Crowdsale are supporters of the project. We do care a lot about our community and also have in our main interest the success of the project.



But we did.... I really feel like you are very much uninformed

First paragraph in 'NET (Token) Creation and Crowdsale Terms'... in bold with a bigger font size than the rest of the document

'IF YOU ARE A CITIZEN, RESIDENT, OR GREEN CARD HOLDER OF THE UNITED STATES OR IF YOU DO NOT AGREE TO THESE TERMS OF SALE, YOU CANNOT TAKE PART IN THE CROWDSALE, SO PLEASE DO NOT CONTRIBUTE IN THE CROWDSALE.'

We publicly commented from the beginning: US CITIZENS ARE NOT ALLOWED.

We blocked all IPs coming from the US to our website.

We included a paragraph about personal information:

'We may determine, for regulatory compliance purposes, that it is necessary to obtain certain information about you in order to comply with applicable laws or regulations in connection with accepting contributions to create and allocate NET to you or transfer NET to NIM. You agree to provide us such information promptly upon request.'

If you have any other questions please let me know, but I think you are mainly against KYC itself. We are not fans either but again, it is something we are required to do for the sake of the project. Thanks for your support 

what kind of relationship is this then?
digital goods got sold. a net Token in my wallet created by you for exchange in ether. it is nothing else than a presale of you token and you should look at this the same way.
you created NET and now you want to buy them back with NIM. i can also sell them for ether if i want to.


i understand that is difficult times. but it doesnt look like you have the interrest of your investor in mind and only the success of Nimiq which of course means positive for investors.
but like i said. we, the people that brought NET financed your way to Nimiq and now you say sorry some people cant be included in the success and yes nobody expected investor status by buying NET.
but now you ask something very important and special which should be handled with up most care. personal data. the link which i quote said it very clearly. you cannot simply change your user id once its out in the open.
you say its no problem with 3rd party providers? ..... but i get to this later.. lets stay on point...

if someone from the us invested in NET it should be his/her problem, not the problem on Nimiq.
he/she is supposed to know that he/she is not allowed to invest in oversea projects.
you cant be responsible for their action and for this dont have to put any borders on your crowdsale.

there is noone regulating the ico market and why should we let some rules from 2005 to fight terror and money laundering let dictate how this should be handled.
its like i said. to comply with KYC requirements you will have to ASK EVERY USER FOR THEIR DATA not just NET2NIM people. why do you want our data?
you maybe dont know it yet or you cant accept it, but google kyc, you will see.. once you go that route you cannot go back. im just trying to help.



yes but why? i already told you why and you seem to ignore it.
NIM issued by Nimiq Foundation, to use/sell/buy NIM you need kyc or you do not comply with kyc anymore.
you ask some users but not others? how is this helping you or the users? it is not.


this is actually not true and you cannot point me to some law stating that you are required to do that.
https://en.wikipedia.org/wiki/Know_your_customer

here are some "guidelines" on german http://eur-lex.europa.eu/legal-content/DE/TXT/PDF/?uri=uriserv:OJ.L_.2005.309.01.0015.01.DEU
good luck finding them in english because this doesnt seem to have an official number xD
here is the AML/CFT file: https://www.legislation.gov.au/Details/F2016C01046 for US law..

i understand that you want the best for nimiq, but comply with kyc only for the Net2Nim doesnt make sense.
it does mean that each wallet "account" created on Nimiq does need to be kyc compliant.
why dont you do it like some other icos, put a limit for no kyc users. like max 5-10 ether or something.
i really dont see myself selling my id to you for a 3 ether investment which doesnt provide me future shares or something...


no its not, its lazy, cheap, irresponsible and intolerable
how can you guarantee for the safety of the data on a 3rd party server?
how can you guarantee that this 3rd party doesnt steal or sell the data?
how can you guarantee that the server of this 3rd party are not compromised?
do you have any control over the data or the 3rd party company?
i know everybody does this now.. but it doesnt make it right.
paypal has my data, why dont you sell your NET or NIM with paypal?




http://www.informationisbeautiful.net/visualizations/worlds-biggest-data-breaches-hacks/
yes its a little fuddy, but better be safe than sorry, people shouldnt play with their id.
currently there are hacks which make every computer in this universe hackable and no patch will ever be able to fix it.
you cannot guarantee for the safty of our data. this 3rd party created in 2010 and maybe vanishes in 2020 with millions of data from icos.
its like i said, ask for kyc from all user or none... why presale only? please explain for people without knowlege about any of that.



there is a misunderstanding.. i believe origin of btc and other crypto are requirements of AML/CFT.
but this link has very important information for every user
and i quote:
It only takes one failure to expose an individual’s data once and for all time. Email and wallet addresses can be changed; passports and driving licenses are permanent

[/quote]

well, only ask for information is fine.
ask for id is maybe too much.
ask for background of btc is way too much xD
i dont try to spread fud only want people to make the right decision.