Are You Afraid of KYC? - page 17. | Bitcointalksearch.org

versprichnix

sr. member

Activity: 876

Merit: 291

Quote from: thecryptodesigner on December 16, 2018, 01:25:21 PM

Quote from: versprichnix on December 16, 2018, 05:19:42 AM

I do not use it, because I believe in malignity of human mankind. Misusing KYC is about to escalate, by regulated companies and authorities.

One example: Bitstamp asked me about my relationship to other companies where I use Bitcoins. This question is not allowed, and for me they become criminals. They could simply ask questions to assists their own business, and nobody could hinder them.

My answer was: NO contacts, and because this answer was incorrect, they could simply take all my money after they have proven me wrong.

What do you mean they've asked you about "relationship to other companies"? That's a strange question from Bitstamp.

Yes, question number 4 was exactly this:

Quote from: bitstamp KYC

4. Do you have an established relationship with any other bitcoin related services/exchanges? If so, which?

thecryptodesigner

copper member

Activity: 22

Merit: 0

13 years XP in UX for FinTech, eCommerce & Crypto

Quote from: versprichnix on December 16, 2018, 05:19:42 AM

I do not use it, because I believe in malignity of human mankind. Misusing KYC is about to escalate, by regulated companies and authorities.

One example: Bitstamp asked me about my relationship to other companies where I use Bitcoins. This question is not allowed, and for me they become criminals. They could simply ask questions to assists their own business, and nobody could hinder them.

My answer was: NO contacts, and because this answer was incorrect, they could simply take all my money after they have proven me wrong.

What do you mean they've asked you about "relationship to other companies"? That's a strange question from Bitstamp.

versprichnix

sr. member

Activity: 876

Merit: 291

I do not use it, because I believe in malignity of human mankind. Misusing KYC is about to escalate, by regulated companies and authorities.

One example: Bitstamp asked me about my relationship to other companies where I use Bitcoins. This question is not allowed, and for me they become criminals. They could simply ask questions to assists their own business, and nobody could hinder them.

My answer was: NO contacts, and because this answer was incorrect, they could simply take all my money after they have proven me wrong.

thecryptodesigner

copper member

Activity: 22

Merit: 0

13 years XP in UX for FinTech, eCommerce & Crypto

I'm not afraid of it, but I will always pass nearby those projects that involve KYC.

It's just ridiculous how crypto-investors easily share their identities. Please stop that. This year 36,000,000 users passed KYC, from around 130,000,000 crypto users.

Do you wanna share your identity with another ICO? Me, not.

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Irvinn

full member

Activity: 966

Merit: 104

KYC verification is a very effective way of fraud by ICO teams in order not to pay bounty hunters to bounty hunters. It is enough to declare a KYC check and declare individually to everyone that he did not pass such a check. Especially a lot of problems brings to the bounty hunters checking KYC already at the end of the ICO. As a rule, information about the conditions for its conduct is announced in the Telegram, and there are hundreds and thousands of different messages, since the adoption of various decisions about the KYC verification procedure is stretched for months. All this needs to be re-read and not missed about such a check, which also causes a lot of problems and no one is able to correctly explain the order of its passing. In my opinion, this is also one of the reasons that bounty hunters leave this activity.

NDABE ZITHA

newbie

Activity: 1

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Hy

NataliiaF

jr. member

Activity: 45

Merit: 1

I am not afraid of kyc.

Once I lost access to my account (not without the help of a child),
but I'm using the confirmation scan my passport with the date
of application I was able to restore access.

Well, another factor is the child, many children have an analytical mind, and
without the knowledge of the parents they use the parents' data. Parents be careful.

irenegaming

full member

Activity: 476

Merit: 102

Kuvacash.com

It is not fear, I would describe it as concern, I am a little anxious to know what they will do with my identity, at the end of the day many of us are interested in the anonymity that the cryptos promised us, and that is being undone due to the implementation of KYC, although I consider that in exchanges it is important to avoid scams and other criminal activities, in bounties, for example, I do not think it has a place.

aliceHortrex

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CryptoTalk.Org - Get Paid for every Post!

Quote from: CryptoBry on March 10, 2018, 11:48:47 PM

I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.

Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.

What are your apprehensions about the KYC procedures that will soon be as popular as noodles?

I have long raised the problem at the forum that authorization of personal documents in the field of cryptocurrency is simply unacceptable. Just imagine what people can do with your documents on the other side of the planet earth. You will be very surprised when you Wake up one morning, and you will be notified that your documents have been registered loan and now you have a huge amount of money.

ameliana

full member

Activity: 887

Merit: 100

Quote from: Runbitup on November 16, 2018, 12:44:37 PM

Depending on what KYC asks, if I have to fill in something very personal, I'd better avoid it, but if only reasonable personal data is requested, then I'll give it too if the token found looks good. so everything depends on the condition.

yes, every KYC is different, if KYC only asks for my fair identity, then my race is not a problem. because a few months ago I also filled in KYC and it was really safe and I was able to get pretty good tokens. the important thing is we have to do some research before filling out the KYC. and if the token doesn't look potential then we don't need to make it to fill KYC.

STT

legendary

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Leading Crypto Sports Betting & Casino Platform

I had that problem pretty much, 14 days to find out that now there is KYC and that was the reason they would not pay. Previously I was told nothing further had to be done. I might not mind if they had told us but the payment details were never changed to show the change to policy nor was the thread opening post changed or the thread title. KYC should never mean, we have decided to keep this payment or this value previously owed and we will now never pay the balance. Where does occur in any business normally, money is owed but now it isnt because we didnt get your ID by a deadline. That makes no sense if the deciding factor is supposed to be, 'we have to be legal'.

My main argument on this whole subject would be if they are going to centralise in this way then it should be a consistent policy not biased towards one side having the an advantage over the other. A proper KYC policy would be across an industry instead, customers, consumers, depositors and people involved in campaigns are subject to random logic and arbitrary rules. No wonder people object to the idea

Rustamm

member

Activity: 532

Merit: 18

Bitcoin lover!

For bounty hunters, KYC verification is a very big problem if it is carried out by ICO teams after the termination of ICO, since at that time it is being conducted with the aim of not paying the earned tokens. Such a KYC test is very difficult to pass, even with a strong desire. Very often, ICO teams come up with such response tables that do not cover the diversity of national laws and available documents and are not accepted as answers by these tables. And this threatens us with the fact that we may not receive the tokens due.

Runbitup

full member

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Depending on what KYC asks, if I have to fill in something very personal, I'd better avoid it, but if only reasonable personal data is requested, then I'll give it too if the token found looks good. so everything depends on the condition.

Bizard

copper member

Activity: 180

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And the worst thing can happen abroad, when you can be charged, because our data with you sometimes walks at incomprehensible people, and this is not pleasant, but the thirst for profit wins us, so I don’t do KYC for bounty only in rare cases for ICO.

troy.gold

jr. member

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Commenting so I can monitor this thread. Interesting discussion

prayogi

full member

Activity: 700

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I only agree with KYC obligations for large investors, the exchange market also does not have comprehensive obligations to all its users. But there are some things that really need to be on the anonymous path because bitcoin is made for that. For some things it needs to be adjusted to the obligations of the government, I don't have a problem with that because crypto also needs legality.

greeklogos

full member

Activity: 658

Merit: 152

Well yeah I do! I do not believe in 100% safety of all of those places which are asking for such information and I am simply afraid that my private info can be used by wrong guys in wrong targets.

bchain22

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Be smart, join: https://t.me/cryptofinance24

I am a little bit skeptical. I don't want to give all my personal details to everyone. There are exchanges that are scams, who would want to provide them with all their personal data?

Bizard

copper member

Activity: 180

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Yes, I don’t really like all of this, especially in the bounty of the program, of course it’s not nice to give information about yourself, especially since there are a lot of breeders.

OriginTrain

full member

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Merit: 174

The whole cryptocurrency movement has been cuckolded by KYC, particularly ICOs. A decentralized currency outside of centralized control should never require KYC, end of story, period. The current "leaders" in ICO launches and this industry generally don't give a shit about what blockchain is all about, or why it was created. These con artists could not launch an IPO the proper way due to their lack of business experience, so they launch their ICOs hijacking the decentralization idea, creating a parody out of it with their con-tokens, and causing huge financial losses for investors at the same time.

What ever happened to DAOs and tokens that run these DAOs? Since when did cryptocurrency cuck itself so bad that it's now centralized and bowing and curtailing to the very people that it was originally created to avoid?

Topic: Are You Afraid of KYC? - page 17. (Read 31702 times)