Is sacrificing privacy data important?

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Quote from: Ludmilla_rose1995 on November 23, 2018, 09:03:46 AM

Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data.

Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form, the total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token.

These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.

I think that free XLM giveaway was a scam. There are many such scams, I saw one recently for XRP too. There has been some discussion about giving ICP stakers airdrops of tokens launched on the internet computer but the danger is that these tokens could be malicious and drain your wallet, so be careful which tokens you interact with.

Ludmilla_rose1995

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Quote from: ityandsyn on November 23, 2018, 09:39:21 AM

Airdrop is a free token given by a company just to make them popular or just to introduce the project and the team were really need a KYC as proof that the token or coins was given to a particular person and I think there's no problem if it is a legitimate company , but if you don't want to share your private data ,then it is better not to join .

rules regarding data privacy have been regulated in many countries, that's just the reason ICO project owners or others require using KYC to find out who the recipients of their tokens are, in fact nowadays everyone can easily create shit tokens, they get your data just by exchange it for their shit token, is it worth it?

Quote from: Anguwa on March 03, 2022, 03:37:30 PM

The problem is how can you be sure that this project or company is legit?, many of this Airdrop project appears to be real and legit, after a while or after distribution of their fake token, they will have access to some of the hunters address and one will letter be hearing stories like, I was scam or my wallet was hacked. I think personal details is a privacy that is not supposed to be given out anyhow, so let's just be careful and know who we are given our details to in order to be safe.

I also experienced the same as you, because in the past I followed a lot of devs from airdrop projects for KYC, now in my email I get a lot of spam messages and it's very annoying.

Anguwa

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Quote from: ityandsyn on November 23, 2018, 09:39:21 AM

Airdrop is a free token given by a company just to make them popular or just to introduce the project and the team were really need a KYC as proof that the token or coins was given to a particular person and I think there's no problem if it is a legitimate company , but if you don't want to share your private data ,then it is better not to join .
[/quote]
The problem is how can you be sure that this project or company is legit?, many of this Airdrop project appears to be real and legit, after a while or after distribution of their fake token, they will have access to some of the hunters address and one will letter be hearing stories like, I was scam or my wallet was hacked. I think personal details is a privacy that is not supposed to be given out anyhow, so let's just be careful and know who we are given our details to in order to be safe.

Ludmilla_rose1995

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Quote from: accounting 181293 on December 01, 2018, 12:04:31 PM

Quote from: Ludmilla_rose1995 on November 23, 2018, 09:03:46 AM

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giving only private data to airdrop was not very feasible. and it's strange if someone does it. I think personal data is very important and we don't know what they will do with our data. so try to think again before giving your personal data.

this reason is also one of the things that burden me to do KYC on an exchange, airdrop/bounty program or gambling site. I think personal data is a very valuable thing (more valuable than anything). Even in the country where I live, many government officials use the personal data of their maids to buy a house, or a car and then use it to launder money.

accounting 181293

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Quote from: Ludmilla_rose1995 on November 23, 2018, 09:03:46 AM

Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data. Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form. The total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token. These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.

giving only private data to airdrop was not very feasible. and it's strange if someone does it. I think personal data is very important and we don't know what they will do with our data. so try to think again before giving your personal data.

sulis sudibyo

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Volare.network

in my opinion not, the initial reason for blockchain is popular because anonymity cannot be traced. so everyone believes in this technology. so if now we have to sacrifice privacy it seems like it's all a setback from this technology

Considered

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You should never have to sacrifice your privacy for the sake of a currency, that is why we have cryptocurrencies in the first place. The majority of people that came into the market did so because they were sure that they were going to remain anonymous when they are using their currencies, any coin that wants you to sacrifice your privacy is not worth investing into

batang_bitcoin

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Quote from: cctv0 on November 29, 2018, 04:34:23 AM

I agree with this XLM airdrop. They don't use your privacy. They just hope that the coin will let more people know, but in order to prevent a person from getting multiple rewards, they can only pass KYC.

How can you be sure that they won't use your ID's upon submitting it?

You don't trust your identities with any of these online establishments unless they are listed locally. Though they are requiring to do it because they need to check those double applications so it won't be abused. But they can also abuse those requirements tbh.

cctv0

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I agree with this XLM airdrop. They don't use your privacy. They just hope that the coin will let more people know, but in order to prevent a person from getting multiple rewards, they can only pass KYC.

maaldaz

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As for me, giving those personal information just to get a few coins from airdrop isn't good enough.
I would surely avoid that kind of airdrop. but it would be different if i were to make an investment, i think it still acceptable to do a KYC.

santouao

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There are reasons why some asked for this. Maybe one of it is that the stellar devs dont want to give off some of their coins into cheaters and scammers and only want to distribute their coins on those real people. I know that privacy is important and giving off data to other people is a dangerous move but they dont care cause there is a reward token which can be exchange for money and thats matter for them.

Cat Coin

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For companies in doubt, it may be better to make a separate wallet, and a different address. So you will protect your main investment.

fasdorcas

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Quote from: stefany101 on November 25, 2018, 05:13:47 AM

Quote from: Ludmilla_rose1995 on November 23, 2018, 09:03:46 AM

Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data. Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form. The total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token. These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.

I think it is not necessary at all, if we try keep our privacy from other people. Here in crypto industry, we can't avoid to keep it secret because most ICO's, bounties, airdrops requires KYC verification to be eligible for the tokens. There are also times, that we need to pass verification in the exchange platforms and we can't fake it because it requires valid IDs.

It is incredibly important. I think anything that requires any sort of knowledge from me aside from a name or what not is too much and I do not deal with it. The possibility of some place having all my info and tons of info on other people is still incredibly scary.

You are afraid of people hacking exchanges to get your bitcoins which is a viable stress you can have however you are forgetting that almost all big exchanges now have KYC procedure and those do not really get saved any different and the hacker could get info on almost all people.

There has been breaches of information in many places online and people have really got their lives ruined because of them and here we are talking like some crypto company can keep all our info safer then all the other places. Not a chance.

mainthread

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Quote from: Ludmilla_rose1995 on November 23, 2018, 09:03:46 AM

Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data. Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form. The total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token. These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.

No crypto privacy will ever happen. Projects require confirmation of identity, exchanges require confirmation of identity ... In our world there is no anonymity, this applies to absolutely all business activities, including crypto. You just will not be able to work ..

ityandsyn

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Quote from: Ludmilla_rose1995 on November 23, 2018, 09:03:46 AM

Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data. Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form. The total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token. These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.

If it is legit team and they only request KYC just for verification purposes I think there's no problem with it , but if some people were being interested with other data and it will be used for their own good or interests , I think that's a valid reason to avoid KYC .

Ludmilla_rose1995

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Quote from: Tylev on November 26, 2018, 12:26:41 AM

Quote from: ityandsyn on November 23, 2018, 09:39:21 AM

Quote from: Ludmilla_rose1995 on November 23, 2018, 09:03:46 AM

Many Airdrop programs often appear to distribute their free tokens, but the project asks airdrop participants to verify their data. Recently, Stellar also made the Airdrop program by providing USD 125 million in XLM form. The total tokens shared are approximately 1.5 billion tokens. The token is indeed distributed free, but the user must verify his identity to be able to get the token. These free tokens are pretty much hunted. Unfortunately, there are still many who do not understand that privacy is quite important and must be maintained.

Airdrop is a free token given by a company just to make them popular or just to introduce the project and the team were really need a KYC as proof that the token or coins was given to a particular person and I think there's no problem if it is a legitimate company , but if you don't want to share your private data ,then it is better not to join .

This generally sounds like something stupid if we say that KYC verification is necessary in order to provide evidence that tokens are distributed to a specific person. Who and why should the ICO team provide such data? This is complete nonsense. Tokens are not much different from any other product, and stating that merchants need to know who they are selling is stupid. You welcome the situation when we go into the store and in order to purchase any small change and we will be offered to first fill out a special noob form with your data? Do you think that this is different from the situation with cryptocurrency?

In my opinion, if the ICO team or the developer are afraid to give their tokens to the wrong people (Maybe terrorists), then KYC is not effective. Criminals can buy tokens when tokens are on the exchange list, and they do not need to fill out KYC forms to buy tokens on the coin exchange.

oper802

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Quote from: Rati24 on November 24, 2018, 08:13:26 AM

Yes, it is certainly bad that they require kyc and video confirmation. But if it hadn’t been there, there would have been many multi-accounts against the fight against them. I hope they keep confidential in safety or can be deleted after verification. Stellar promising coin hope it is worth it.

Actually, KYC is a good thing to do because it can decrease the scammers. But, sometimes the data that we give to them is misused. This is why we should be very careful in giving any personal information to anyone, we need to analyze it first.

a d i m u l

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if I am, privacy is very important and needs to be maintained for ourselves or others. so sacrificing privacy is very objectionable and unimportant.

SparkleToken

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Sparklemobile.io

giving something away in exchange for data so that companies can continue to send you marketing is nothing new, its just another means of advertising / marketing

Scientest

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If bitcoin was legal in my country, I would do the KYC. I don't think there would be many problems. Why are you thinking about it too much? Do you really care about your privacy? Well, I would happy to hear from you about your browser, social media you use, the search engine you use.

Topic: Is sacrificing privacy data important? (Read 909 times)