Is $25 XLM worth your privacy (identify). - page 8.

nightl

member

Activity: 686

Merit: 12

Quote from: roosbit on April 24, 2019, 06:12:09 AM

Quote from: CryptopreneurBrainboss on March 23, 2019, 06:29:36 AM

Speaking about the ongoing stellar airdrop by blockchain.com which started as a fair one but now requires those interested in the airdrop to pass some KYC procedures, I ask, is it worth it? We complain of Facebook, Google etc of stealing our privacy and possible selling them for profit to other companies and praise blockchain of been decentralized yet we're willing to sell our private details to some centralized organization offering services related to the blockchain technology and we think it's safer? I get it that the bear market has affected numerous newbie that came into the market in 2017 but I ask again is just $25 worth your privacy?

Of course $25 isn't worth our privacy/identity! But try look at this from another angle.....
Imagine if this whole process was done without kyc... people would have abused the giveaway because this is open to everyone in the world....which means high competition for the few slots avalaible, so one way to give equal opportunities to all is to use KYC.

Quote from: CryptopreneurBrainboss on March 23, 2019, 06:29:36 AM

I suspect this moved by them as a deliberate attempt to steal users private details (identify), first they made the airdrop looks so simple and easy thereby deceiving numerous customers into believing they would get free $25 after they have trapped their victim, they then introduce kyc to steal their identity.

The thing with bounties,giveaways, airdrops and anything related to freebies is these always attract certain people trying to cheat the system and as far as I know KYC is one of the ways used to try and discourage cheating and make this a fair process.

KYC will do nothing except temporary obstacles.
Massively - maybe, instead of 1000 multi-accounts, 500 are registered, but the rest can also go through these KYC - the only question is the cost.

By topic: I also participated, but did not want to disclose ID so dont receive XLM =(

roosbit

member

Activity: 893

Merit: 43

Random coins :)

Quote from: CryptopreneurBrainboss on March 23, 2019, 06:29:36 AM

Speaking about the ongoing stellar airdrop by blockchain.com which started as a fair one but now requires those interested in the airdrop to pass some KYC procedures, I ask, is it worth it? We complain of Facebook, Google etc of stealing our privacy and possible selling them for profit to other companies and praise blockchain of been decentralized yet we're willing to sell our private details to some centralized organization offering services related to the blockchain technology and we think it's safer? I get it that the bear market has affected numerous newbie that came into the market in 2017 but I ask again is just $25 worth your privacy?

Of course $25 isn't worth our privacy/identity! But try look at this from another angle.....
Imagine if this whole process was done without kyc... people would have abused the giveaway because this is open to everyone in the world....which means high competition for the few slots avalaible, so one way to give equal opportunities to all is to use KYC.

Quote from: CryptopreneurBrainboss on March 23, 2019, 06:29:36 AM

I suspect this moved by them as a deliberate attempt to steal users private details (identify), first they made the airdrop looks so simple and easy thereby deceiving numerous customers into believing they would get free $25 after they have trapped their victim, they then introduce kyc to steal their identity.

The thing with bounties,giveaways, airdrops and anything related to freebies is these always attract certain people trying to cheat the system and as far as I know KYC is one of the ways used to try and discourage cheating and make this a fair process.

H1N1

full member

Activity: 812

Merit: 100

Quote from: CryptopreneurBrainboss on March 23, 2019, 06:29:36 AM

Speaking about the ongoing stellar airdrop by blockchain.com which started as a fair one but now requires those interested in the airdrop to pass some KYC procedures, I ask, is it worth it? We complain of Facebook, Google etc of stealing our privacy and possible selling them for profit to other companies and praise blockchain of been decentralized yet we're willing to sell our private details to some centralized organization offering services related to the blockchain technology and we think it's safer? I get it that the bear market has affected numerous newbie that came into the market in 2017 but I ask again is just $25 worth your privacy?

I suspect this moved by them as a deliberate attempt to steal users private details (identify), first they made the airdrop looks so simple and easy thereby deceiving numerous customers into believing they would get free $25 after they have trapped their victim, they then introduce kyc to steal their identity.

For some peoples, yes it is not a big deal to giving the identity information to them.
Maybe because they are urgently need money to their debts.
But from my personal opinion, i think it is not too worth to sell your identity just for $25

nikola22

full member

Activity: 1316

Merit: 105

Quote from: maculeth on April 08, 2019, 09:38:23 PM

in my opinion it's okay because getting airdrop is same to not doing anything and only giving kyc (identity) which is not high risk too.

but do you know how your data will be used? and $25 are not worth that you data will be wondering all over the internet.

rijaljun

sr. member

Activity: 1274

Merit: 267

I don't think a very respectful website like blockchain.com will sell our identity to other party. KYC on that site purely to ensure that you are really human and you have no chance to cheat their events by using multiple account to claim Stellar. It's all normal for me, but it doesn't mean I will always join any airdops from other platforms. Only trustful platform!

sabine80

member

Activity: 728

Merit: 14

for $25, i do not do kyc. the amount is just too small for me, that i give out my data. even if the airdrop is serious and legitimate, the effort is too much for me. but still nice to read that there are still real airdrops.

Em00n01

full member

Activity: 737

Merit: 104

I have no problem with it. I think it's for my security. If i face any problems related to my account it will help me to get solution. I already verified my account and got the bonus.

maculeth

member

Activity: 714

Merit: 11

BountyMarketCap

in my opinion it's okay because getting airdrop is same to not doing anything and only giving kyc (identity) which is not high risk too.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: BlackFor3st on April 07, 2019, 02:43:49 AM

Personal identity is more valuable compare to 25$, this is the ideal answer to your question.
But if we talk about why other people are still joining and completing the KYC for this small amount as a reward.
We cannot judge them as there are many reasons also why most of the people didn't care whether their privacy was stolen as long as they will earn.
Many are desperate to earn in order to fulfill their goals and for many other reasons. But if you are not in serious trouble of money then 25$ worth of airdrop is not a good idea to be part with in exchange with your privacy.

In addition to giving out $25 XLM by blockchain they disabled one of the most important feature I have been using in their wallet I.e the accessibility and ability to exchange ethereum to bitcoin or BCH vise versa easily without KYC.
This a feature I often enjoyed in most times until recently however I was surprised that they are requesting for my identities including taking a selfie against the backdrop of my transacting Cryptos anonymously.

dautay_crypto

member

Activity: 193

Merit: 11

It does only makes sense in developed nations, where governments managed tax collected from citizens well, and there have good social services for their locals when they got troubles with their lives.
It does not make sensen in some developing nations, where corruptions occur everywhere, and tax collected don't be used appropriate to support locals and their troubles.

Quote from: pushups44 on April 07, 2019, 03:30:32 AM

I've reached the point where I accept the government wants to know about all of my profits, so I have the mindset that I have nothing to hide. As long as the company requesting information from me is reputable, I am OK with that. If I truly wanted privacy, I'd be investing in Monero, Zcash, or BEAM. Anonymity will always be around for those who want it.

pushups44

sr. member

Activity: 854

Merit: 281

I've reached the point where I accept the government wants to know about all of my profits, so I have the mindset that I have nothing to hide. As long as the company requesting information from me is reputable, I am OK with that. If I truly wanted privacy, I'd be investing in Monero, Zcash, or BEAM. Anonymity will always be around for those who want it.

ccsang

full member

Activity: 910

Merit: 103

Quote from: ije07 on April 06, 2019, 06:30:21 PM

it really depends on everyone's perception because there are people who think that $ 25 is a large number and some think it is a very small number, some really want to protect their privacy and some don't really care about that and my answer to this question is "not worth it"

It's really depends on individual, someone daily income more than $100 and won't look for this small money plus give their document to third party, but some of them really think it's worth to get because airdrop event is from a large company, maybe they thought their document and personal information will remain safe in the platform.

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

Personal identity is more valuable compare to 25$, this is the ideal answer to your question.
But if we talk about why other people are still joining and completing the KYC for this small amount as a reward.

We cannot judge them as there are many reasons also why most of the people didn't care whether their privacy was stolen as long as they will earn.
Many are desperate to earn in order to fulfill their goals and for many other reasons. But if you are not in serious trouble of money then 25$ worth of airdrop is not a good idea to be part with in exchange with your privacy.

Averaged

member

Activity: 406

Merit: 10

Quote from: Siren on April 07, 2019, 12:40:37 AM

Lol never thought of myself selling my privacy for any amount and what more if that cheap 25$? No way mate ,i will only give my privacy for a certain situation that it needs to have my personal things.

I used to think so too. But now I realized that I was missing a lot of good bounty campaigns because of this. I don’t think projects need our KYC, they just want to protect themselves.

Bitcoin Miners

full member

Activity: 440

Merit: 100

Roobet

Quote from: Siren on April 07, 2019, 12:40:37 AM

Lol never thought of myself selling my privacy for any amount and what more if that cheap 25$? No way mate ,i will only give my privacy for a certain situation that it needs to have my personal things.

For example:

KYC is for my bounty,then why would i deny mine if from the start when i decide join is KYC already required ,or for some sites that i wanna be part and needed a KYC

Exactly. I have a same approach like yours. I only do my KYC in un-rejectable situations, on exchanges, big and good long history exchanges.
Doing KYCs for bounties, or airdrops on small exchanges, no I don't have intention to do that for now and might be never have intention to do that in the future, if I won't get bankcrupted. Cheesy

Siren

sr. member

Activity: 826

Merit: 265

Lol never thought of myself selling my privacy for any amount and what more if that cheap 25$? No way mate ,i will only give my privacy for a certain situation that it needs to have my personal things.

For example:

KYC is for my bounty,then why would i deny mine if from the start when i decide join is KYC already required ,or for some sites that i wanna be part and needed a KYC

Bitcoin Miners

full member

Activity: 440

Merit: 100

Roobet

Quote from: minersday on April 06, 2019, 06:37:14 PM

$25 worth of XLM is not worth providing your identity document. Considering the rate at which crypto platforms are being hacked, why will you allow yourself for your identity details to be bought at $25 ? This KYC thing is just not necessary for small amount of money. KYC should be done by people who are either buying huge amount of cryptocurrency or selling huge amount of it.

It is clearly that the answer should be depended on each case. If someone who have total income per day just $10, why they should not do KYC and get $25?
However, it turns out to be different if someone have daily income around $50 or $100, it is obviously that they should not do KYC and get $25.
Especially, if someone who already have big crypto fortune, they should never do KYC and get $25. It is so risksy for them.

Pffrt

sr. member

Activity: 1372

Merit: 322

Quote from: ije07 on April 06, 2019, 06:30:21 PM

it really depends on everyone's perception because there are people who think that $ 25 is a large number and some think it is a very small number, some really want to protect their privacy and some don't really care about that and my answer to this question is "not worth it"

You are not right, in my local, $25 isn't a small amount. Many have done this for $25 and got the rewards too. But, if someone offers me more than $25 or even more than $2500, I would not have a look because my privacy is important than any monetary value. The same goes for other people too living in a country where $25 is nothing big.

fuer44

sr. member

Activity: 1652

Merit: 262

airdrop xlm at that time was pretty good because it really paid when the market was falling. but, yes indeed with a value of $ 25 and required you don't feel fair. because we give our identity but with little reward.

minersday

hero member

Activity: 1484

Merit: 535

$25 worth of XLM is not worth providing your identity document. Considering the rate at which crypto platforms are being hacked, why will you allow yourself for your identity details to be bought at $25 ? This KYC thing is just not necessary for small amount of money. KYC should be done by people who are either buying huge amount of cryptocurrency or selling huge amount of it.

Topic: Is $25 XLM worth your privacy (identify). - page 8. (Read 10226 times)