Topic: Best security measures are pivotal for crypto stability (Read 38 times)
Is this the yet another shilling of the Oscar swap project and agitating the passage of KYC? You have the wrong forum, KYC can be useful for project founders as it can help avoid fraud and rug pull, only it is unlikely to benefit ordinary users, especially in the cryptocurrency industry. Cryptocurrencies are not created for us to throw away our personal data. There is no way I will send my passport data to some obscure service just because it claims that KYC is an extremely important element. It is not an extremely important element, it is an extremely dangerous element for the crypto user and should be avoided.
"Why KYC is extremely dangerous – and useless " - https://bitcointalksearch.org/topic/why-kyc-is-extremely-dangerous-and-useless-5221497
"What happens when your identity is stolen -- real story || Avoid CEXs!" - https://bitcointalksearch.org/topic/what-happens-when-your-identity-is-stolen-real-story-avoid-cexs-5444158
"Why reputation is essential on the free market" - https://bitcointalksearch.org/topic/what-happens-when-your-identity-is-stolen-real-story-avoid-cexs-5444158
Full KYC data cost like 50-200$ on darknet. KYC does not provide any security. It gives pseudo security, a sense of security that only puts people at greater risk (reduces their vigilance), and because many sites require KYC, darknet databases are full of leaked photos and informations. KYC hurts everyone.
"What happens when your identity is stolen -- real story || Avoid CEXs!" - https://bitcointalksearch.org/topic/what-happens-when-your-identity-is-stolen-real-story-avoid-cexs-5444158
"Why reputation is essential on the free market" - https://bitcointalksearch.org/topic/what-happens-when-your-identity-is-stolen-real-story-avoid-cexs-5444158
Full KYC data cost like 50-200$ on darknet. KYC does not provide any security. It gives pseudo security, a sense of security that only puts people at greater risk (reduces their vigilance), and because many sites require KYC, darknet databases are full of leaked photos and informations. KYC hurts everyone.
KYC is the most important element in a crypto project. It is responsible for providing to users .It helps to curb fraudulent activities and make sure that every user is complying with the rules to avoid any kind of scam. By making a meticulous plan with KYC to guard the sensitive info , crypto ecosystem can reach height of economic prosperity. Oscar swap has stepped into the path towards success with KYC. Oscar has done KYC with eminent organization. They have pledged to ensure security and privacy of user through KYC. Choosing a project that is KYC approved is a wise decision.
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