I have never join any project with KYC. We are in a decentralized crypto-world.
Why do they need it for?
You may earn a bit from them, but you lose the information to the one you don't even know.
Topic: KYC + all your official papers being stolen and traded - page 7. (Read 1733 times)
even high-quality projects can lose your data, for example in a hacker attack, you need to be very careful
Lots of bounties requires KYC and we have no choice but to comply or else no payout. At some point it can filter fake and dummy applicants. As long as it could do no harm to me I think its OK. Maybe be careful on choosing a project will be less likely we'll get scammed and identity theft.
I believe most of you here going against KYC actually do it. What do you do when you are about to invest in a viable project but you are told to pass their KYC before buying their token? In as much as I don't buy the idea of doing KYC for airdrops, if you must do for bounty or ICOs make sure you do a thorough research to know if the project is viable or not.
This is a very terrible topic. And it is true! It is better to bypass the party.
This is a serious Topic. Honestly I do not like to participate KYC required projects. I participate only for an ico that can be trusted in many ways. KYC is important for some icos to avoid scammers. But for bounties? that's completely a meaningless action required by few bounty managers. Why bounties requie our info? If KYC is required, The ico company will do it. Not by bounty managers. For example, Amazix team asked for KYC docs for shivom bounty although the ico team did not asked for it. So what will this bounty managers going to do with our KYC docs?
KYC contradicts the principles of crypto. It is introduced under pressure from the authorities. In my opinion, so the leadership of the countries has a list of citizens who support crypto. It is also possible that the data may fall into the hands of bad organizations and people. Beware of...
To me There is no reason on earth why you should hand down your personal information for complete stranger on the internet! I see a lots of newbies falling into this error! anything can happen.
If the project is worthy, then I do not think that your data will fall into third hands. Concerns about data loss are always there, but you need to choose for yourself if you want to stay with the cryptocurrency, then accept it.
KYC is here to stay even if most uf us do not agree with this policy. About personal datas well this could be an issue in the future as someone said we do not know for sure who receive our datas but for sure this is not comfortable with everyone. So far so good with KYC so let's hope our datas are well protected.
The solution is simple - do not participate in any ICO's, just buy them on the exchange after listing. Look at Envion's case - people invested large amounts, they had to pass KYC, even video identification, contributions made by credit card are locked for 6 months and the token price right now is down almost 10x. Or you could just buy them on the exchange now without any hassle.
It's troubling when one looks at the recent developments in the cryptocurrency industry things like KYC it leaves one wondering where the anonymity of cryptocurrencies really lies. If we all hand in our documents just to take part in ico, what then does cryptocurrency really stand for. It's worth looking into finally.
I fully support the refusal of identification. The idea of anonymity is one of the pillars. We must not forget this. 
Yeah it's risky to send it in to random ICOs, I normally check the background of the team members to make sure it's legit first.
Yes, that's what I'm worried about.
I'm afraid my KYC data will be abused, so I don't think I will use these projects that require KYC verification.
I'm afraid my KYC data will be abused, so I don't think I will use these projects that require KYC verification.
yes you are right in my opinion when sending a very sensitive identity such as passport and local ID card just to get the token or coin you want in my opinion it is very horrible because your identity can be used for bad and can be used for the sale and purchase of human data.
I do not think that this is such a terrible problem. Our documents are already in any case with the government on the note. And even go to any bank there without a passport, no one will do anything. And if you are not involved in any illegal cases and do not go anywhere from your country, then there is no reason to be afraid.
Everyone got used to sending that information, since most exchanges (unfortunately) require it.
I agree though, never send your private information to an ICO like ID data, they should not need it.
I agree though, never send your private information to an ICO like ID data, they should not need it.
ICOs are required to carry out KYC if they want to operate in a regulated system. If at any point you are raising money, you have to do KYC or you will fall foul of legal regulations. That's the law as it stands.
its very threatening to us, since many campaign now starts to do KYC bounty campaigns because developers requires to have it. at first I support kyc process because I thought it is safe, and its good, but this issue might become the reason to use the identity of some users to illegal activities.
Why is there not a blockchain solution for this? There should be some reliable organisation in a country that treats privacy seriously (ie. not disclosing info without a court order) that can certify your information and provide the KYC certification of the information required without disclosing your identity or handing over copies of ID.
There is! Check out Blockpass. https://blockpass.org/
Our app is in the app store and google play. It allows a person to have self-sovereign identity which they can distribute to people they trust. The data is stored on the users mobile device and is shared with merchants as currently, legal requirements stipulate that merchants must be able to view the data on you.
However, we have established a partnership with Edinburgh Napier university (https://medium.com/@blockpass/building-the-worlds-first-advanced-blockchain-identity-laboratory-c53842215ccb) to develop blockchain ID solutions that put the user and their privacy first - such as ZKP.
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