It won't be easy to implement kyc on something that is decentralised
But there are victims of hodling as they should have cashed out a few weeks ago. Now it is too late, hodl is the only option
Hodl is always the only option
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If this kyc thing comes in, it’ll be good to know who we have to chase with the thousands+ of bitcoin
. Do we reckon there’ll be identity theft on chain to hide ones identity... you bet!
Well if admin is dumb in implementing KYC then one could get compromise with their bitcoin holdings but they aren't. So the admin knows how to do it and and will have a good balance of this forum. Your crypto holdings should be disclose together with your wallet address. The only thing that the forum needs is to bend some features like anonymity. This is really where the problem start since there are only few users here that are actually owning a single account in the forum. Besides many of the users are using the forum to scam other users how about that? So, this is why we had been some negative feedbacks outside of this forum and that is really not good if we are trying to elevate the morale of this forum. The lesser scam activities, the better forum this will be.
"Reality Check" - forum has a lot of ICO projects introduce and only few of it are real in their words because other projects are relatively scam that reach to almost 90% of the total number of the ICO projects are scam though I could not make a statistics and claim for this statement however you can read and research on google about this. Some countries are denying already cryptocurrency and declaring bitcoin, XRP, ETH and other good crypto as illegal for again it has no real use and does not even integrated into the businesses. I just thought only that it could be good but no one has ever like to do it.
I adhere other users in their principles about bitcoin but let us be honest with ourselves that we are all here because we want to gain learnings and earn profit. If it was not for the profit probably many will left in this forum. Just like the way I did. I never leave the forum for I wanted also to learn more and earn by promoting ICO projects. Investing for now would not be good and that is how I fee and probably other investors would feel also.