In my opinion, the investment of the ICO project really needs the KYC information, otherwise it may face the problems of money laundering.
However, the reward thread does not need KYC data, because the bounty thread is only a small bounty , so the KYC data validation is completely unnecessary.
Topic: How do you think the friends of KYC contradict the concept of decentralization? (Read 96 times)
February 25, 2018, 02:10:36 AM
February 25, 2018, 01:59:39 AM
How do you think the friends of KYC contradict the concept of decentralization? I think that the authorities again want to get total control! And I think the administrators of the bounty campaigns should warn about KYC at the beginning of the campaign!
The requirement that KYC pass through to the participants in the signature campaign primarily contradicts the principle of anonymity on this forum. Each member of the forum has the right to be anonymous here. using only his nickname.Concerning the fact that ICO campaigns require signers to provide their identity data and copies of passports in campaign participants, it is almost illegal, since such a check is made against persons investing their funds in order to avoid money laundering laundered by criminal means. Signature campaign participants do not invest their money, and therefore the requirement to provide such data does not make sense. The fact that ICO campaigns require the provision of such data and copies of their documents after the completion of the ICO indicates that it is being used here for the purpose of not paying the earned tokens, since if the campaign participant refuses to provide such data, they simply do not pay the earned tokens. I consider this a fraud and fraud.
February 24, 2018, 08:17:58 PM
Yes, I agree that ICOs should warn about KYC. It's not fair to hide this kind of information. For someone, it's acceptable to give your sensitive info. So with this information, everyone can decide what to do with their time and money.
February 23, 2018, 05:18:24 PM
How do you think the friends of KYC contradict the concept of decentralization? I think that the authorities again want to get total control! And I think the administrators of the bounty campaigns should warn about KYC at the beginning of the campaign!
These ICOs are just complying to the U.S SEC's regulations ,because the SEC prohibited these ICOs to accept U.S citizens because they dont want their citizens to join any of these potential scams,these ICOs are just protecting their legal rights because there are many ICOs today that are getting delays because they receive some cease and desist from the SEC because they have accepted some people in the U.S.KYC isnt really necessary,but to comply with SEC regulation is needed.
February 23, 2018, 05:09:37 PM
Not necessarily to join these ICOs if you are hesitant of giving away your IDs,you can still get those coins from the exchanges and it wont give you risk of losing your privacy with these ICOs,decentralizations doesnt mean that all of the things will be unregulated,these ICOs are just complying to the SEC's regulations to prevent delays in their projects.
February 23, 2018, 05:00:39 PM
May be team of devs first will show full packet of their documents:) with photo of their faces:) dont think this is a good idea to share with somebody in internet with you documents photo.
February 23, 2018, 04:48:56 PM
KYC is pretty a standard procedure, but i wouldn't recommend to submit it without thinking. Anyway, it is always mentioned in an ICO rules whether you will have to do KYC. You are always free to get tokens at an exchange and stay 100% safe.
February 23, 2018, 04:26:20 PM
Frankly, I think that the principle of decentralization does not depend on the principle of anonymity in the network. But there is another factor, for example, freedom and anonymity in the network, because everyone has the right to privacy and does not have to say anything about it.
At this stage, it really seems that there is no dependence, but we can predict and look to the future and my instinct tells me that all new rules are aimed total control! 
February 23, 2018, 03:59:45 PM
Frankly, I think that the principle of decentralization does not depend on the principle of anonymity in the network. But there is another factor, for example, freedom and anonymity in the network, because everyone has the right to privacy and does not have to say anything about it.
February 23, 2018, 03:54:55 PM
How do you think the friends of KYC contradict the concept of decentralization? I think that the authorities again want to get total control! And I think the administrators of the bounty campaigns should warn about KYC at the beginning of the campaign!
These ICOs are just complying to the U.S SEC's regulations ,because the SEC prohibited these ICOs to accept U.S citizens because they dont want their citizens to join any of these potential scams,these ICOs are just protecting their legal rights because there are many ICOs today that are getting delays because they receive some cease and desist from the SEC because they have accepted some people in the U.S.KYC isnt really necessary,but to comply with SEC regulation is needed.
February 23, 2018, 03:39:21 PM
Just don't submit KYC to any unestablished firms. And even then you need to make sure it's worth it for you, since there's always a risk of leaks. If an ICO demands KYC I would stay away and wait for the coins to hit exchanges if I really wanted them for the long run.
February 23, 2018, 03:36:56 PM
How do you think the friends of KYC contradict the concept of decentralization? I think that the authorities again want to get total control! And I think the administrators of the bounty campaigns should warn about KYC at the beginning of the campaign!
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