Topic: [POLL] Accept KYC or jump through hoops to avoid it? - page 2. (Read 1051 times)

Why are you so hostile to the man that used your EIN? He is opposing taxes, just like you. He has the same enemy - IRS, just like you. You were waging the same battle. You saved him from taxes, you have shielded him by your body and received the bullet that was meant to kill him. Yes, you are wounded because of it, but he is alive because of it. Why should you hate him? Your EIN have saved him, next time his EIN may save you. He is not your enemy, he is your brother-in-arms. IRS is your and his enemy, so why do you want to give away your comrade to your mutual enemy? Won't you feel yourself like a traitor after it?

I am with you on this one and I voted against the KYC. I don't give my real info to anyone and I am only using exchanges and sticking to limits on these exchanges in order not to send my IDs and utility bills.
Government wants to control and look at everyone but I don't want to be controlled and looked at by governments.
Thats probably why I am not using location services on my smart phones.

Not much to tell.  I run a lot of side tech jobs so as such, I have a small company.  To get a company you fill out some paperwork and get an EIN / TIN number.  These numbers aren't really "confidential" since it is on a lot of public facing documents.  Well eventually, someone in the US without a work permit wanted to work.  Turns out it's easier for someone without a SSN to just pluck an EIN out of the air and just claim they are business owner.

Well this is exactly what happened to me.  Someone used my companies EIN to pose as the business owner of that EIN and settle a contract with a farm thousands of miles away.  The fact that my EIN was filed in a different state didn't matter.  The fact that my company was filed as a Tech company not a transport company didn't matter.  The fact that corporate law in the US is supposed to shield business owners from being held responsible for corporate debt didn't matter.

The IRS address a letter to me, with my SSN (not my EIN) claiming that I owed all the back taxes for the Transport contract, thousands of miles away.  Many phone calls, faxes, emails, meetings, more meetings, more phone calls later, the IRS finally said "opps".  I'm still trying to prosecute the person who is using my EIN, but apparently they don't do that anymore.  So I'm probably going to have to do this year for year until I can finally get someone to arrest the guy.

So yeah... if you live in the US, vote for whoever is most likely to dismantle the IRS.  They are a nightmare and have no business in a free society.

Would you be willing to share you story of identify theft? Maybe we can learn from it, avoid having it happen to us? Was it conducted by a business or because a business lost your personal data or some other reason all together?

Sorry for your luck! Good luck with your settlement!

I'm Don Quixote and KYC is my windmill.

I've been refusing to give Paypal my passport / DL / Electric Bill for about 4 years now... they ask ever few months.  I had to terminate my account with RippleTrade and BitInstant because of KYC requirements, now I fear even more bitcoin companies will jump on the KYC wagon.

I don't care if these companies know who I am, or know where I live, its a matter of data security.  If a JPG of a passport can serve as irrefutable proof that the holder is indeed me... why would I want to release that proof the a third party.  Allowing an exchange to hold my private keys is a controllable exposure.  My exposure is limited to the amount of BTC I choose to place on that key.  Identity theft is a different story.  Once someone (having stole my JPG from the exchange) can provide indisputable proof that they are me, my risk is unbounded.  If the US Government, with access to the most advanced cryptography and billions of dollars in computing power cannot keep it's own data secure, I don't trust an exchange with a few hundred employees and a few hundred thousand in compute to do it.

As a victim of identity theft I had to fight (am still fighting) over $13,000 that I was held liable for, but all this was over a very limit exposure.  One (guessable) account number was all that was needed to hang me out for $13,000.  I won my dispute purely on the basis that my account number could have shown up on that form by accident or by the luck of the attacker since no secondary ID was provided.  If they had my passport and drivers license, I would likely be up the creek right now.

I was recently inspired to revisit this topic after hearing Andreas A. publicly rail against KYC.

Please let me know your views... Will you let your exchange accounts go dark because of KYC?