Topic: Have you any new ideas to replace the KYC? - page 6. (Read 804 times)
The anonymity of crypto transactions matters for me, the limitations just take the piece of freedom from the crypto users. It looks strange to give away the personal documents for passing the KYC on various sites, I never agreed to send my documents to third-parties for moving the small crypto transaction from the one address to another one. The alternative choices do not exist yet, KYC free exchanges are the synonym of decentralized exchanges.
Filling a basic information is enough for me, but submitting with an ID, Well nope, I don't like it. Well I don't have any idea replacing KYC, just filling information is enough to get the reward.
Yes, it is absolutely true that passing KYC makes this procedure very inconvenient. But there are projects when passing KYC is very simple. And with great pleasure you pass it. And I want to say that KYC is obligatory that we are surrounded by scammers. And KYC in such cases can maintain safety. I believe that you need to somehow come up with the passage of KYC more secure and simple. I think that this should be done by project managers.
Kyc has now become a rule in several projects so it is difficult to replace, unless the government has other ways to replace personal identities, good bounties are always identical with KYC because they don't want the scamer to take the opportunity in the bounty, as well as IEO to maintain assets where there are problems that occur with your KYC can be fixed.
So I don't think KYC can be replaced by another identity right now.
So I don't think KYC can be replaced by another identity right now.
I agree if it is in the interest of investors, but the bounty has different conditions where the allocation is very small and still divided again, the airdrop is also more alarming. Kyc's goal is no longer the same as that of investors, but multi-account prevention. The worst thing is that this project is a scam after taking user data, no one can guarantee this, so it would be nice if Kyc was only applied by investors, and for other things only apply verification of evidence in this forum or only verification of telephone numbers that can be contacted.
We can't control these things. I am sure that if the project owners can avoid requesting KYCs, they would. Unfortunately, the government laws in their base of operations is responsible for those requirements.
I think we don't need to replace kyc because all we know that all details that we need to verify someone's information is in the kyc. I have a suggestion. They need to add some requirements to kyc like face captured and requiring proof of billing to make sure that no more fake accounts will be created here in crypto industry.
The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty? Why you are not coming with another option where a freedom crypto member doesn't need to show his face?
Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?
Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?
No. It's not up to us to decide whether or not KYC is required. It's completely up to the regulators and the governments that back these regulators, and their general attitude towards BTC related services is certainly not positive.
There are always going to be some unregulated exchanges that are present that allow you to trade without KYC. But then of course the question presents itself, whether or not you are willing to take a risk with such an exchange.
I think this is the reason why decentralised exchanges will be popularised in the future, given that somehow fiat can be integrated.
we are all against it, but KYC is the only way to eliminate fraud, even though it is also not good and safe to give our personal data to the ICO / IEO scammer site, so for those of you who feel bounty hunters if you really don't want rules about KYC should encourage Bounty Managers to self-correct as well, sometimes they judge the work of bounty hunters as inaccurate, whereas we know that many fraud accounts use the work of others by copying their work links, if the exchange site sucks for you because your KYC can go to a decentralized exchange site it is very easy
I think only by using KYC, everything can be known clearly because if using other methods, it can be very easy to manipulate, while using KYC, it must have a valid identity and can be accounted for.
Other project use this KYC method to see that they are not abusing by members if this is all about bounties. But other project such as IEO to be able know where the investors came from and if its legal to thier country to invest in them. You already know that there are country already banned crypto and ICO they are just making sure that you are not belong to that country.
I still dont see any way to replace it, the only option you can do is buy that coins after IEO, ICO.
I still dont see any way to replace it, the only option you can do is buy that coins after IEO, ICO.
it's done because many people use more than one account, indeed sometimes it is very annoying but if it's the rules of the project then we have to do than we don't get anything while joining, and I think there is no other way to verify other than KYC
The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty? Why you are not coming with another option where a freedom crypto member doesn't need to show his face?
Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?
i prefer not to join those bounties that required a KYCOk, guys, now my question to you, Have you any idea what can be good to replace the KYC method?
i only make an exception if the token look really promising
but joining every campaign and submitting your personal identification in every campaign is not really a good idea
Still the same.
Even with a new version of it, your information will still be leaked to another party.
That is what KYC is all about.
Just try to understand why they are doing it.
How about you try to imagine if you are the owner of the company which lies in Singapore?
You will have to abide with the government rules.
As a bounty hunter, they will give you a part of their coins which is actually against the rule. So they will need that KYC for it to be approved.
Even with a new version of it, your information will still be leaked to another party.
That is what KYC is all about.
Just try to understand why they are doing it.
How about you try to imagine if you are the owner of the company which lies in Singapore?
You will have to abide with the government rules.
As a bounty hunter, they will give you a part of their coins which is actually against the rule. So they will need that KYC for it to be approved.
There are several bounties that asks for KYCs and several not. If you are not easy with sharing your personal identity to unknown people, don't join such bounty.
We can't just blame the bounty manager or the project for KYC as they need to cope with everything from bounty cheaters to regulations from the government. They need to have an answer when asked about.
We can't just blame the bounty manager or the project for KYC as they need to cope with everything from bounty cheaters to regulations from the government. They need to have an answer when asked about.
The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty? Why you are not coming with another option where a freedom crypto member doesn't need to show his face?
IEO requires KYC because it avoids money launderingBounty requires KYC to avoid fraud / multi accounts
Quote
Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?
I think if the reason is what I mentioned above, there is no other way than KYC To replace KYC, we have to replace regulation from government too. bcz the one who creates KYC is government
exchange, project just wanna pass regulation. they need it to get accepted in their country
yes it is contrary with cryptocurrency purpose
It's indeed contrary to the concept of decentralization, But there's also required information that the government will ask those business who caters the IEO's there's no chance for them not to comply so for now there's no other ways to avoid this KYC. exchange, project just wanna pass regulation. they need it to get accepted in their country
yes it is contrary with cryptocurrency purpose
Government needs to protect their jurisdiction, making sure that their people will not freely invest/transfer money without their consent,
especially those trading exchange businesses under their jurisdictions. They will not allow anyone to freely work with this kind of business without their approval.
I do not see any other way to identify this type of fraud apart from going through the KYC process, KYC is a good way to identify fraud whether it is multi-account in a bounty forum or to conduct transactions at every exchange. so I personally have no ideas other than KYC.
To replace KYC, we have to replace regulation from government too. bcz the one who creates KYC is government
exchange, project just wanna pass regulation. they need it to get accepted in their country
yes it is contrary with cryptocurrency purpose
exchange, project just wanna pass regulation. they need it to get accepted in their country
yes it is contrary with cryptocurrency purpose
as far as I know, the use of KYC is so that the project can meet the regulations in a country. it was made to avoid all kinds of forms of crime such as money laundering. The government is aware that the anonymous nature of crypto makes many people make illegal transactions because the KYC applies to projects in countries that have such regulations.
however, KYC is the only way to find out the users, because we need to prepare all the data themselves, and also selfies to convince them. I don't really support KYC, but it seems like it's really needed, especially when crypto is popular.
however, KYC is the only way to find out the users, because we need to prepare all the data themselves, and also selfies to convince them. I don't really support KYC, but it seems like it's really needed, especially when crypto is popular.
Jump to: