Well, privacy is doesn't matter for some peoples. I remember there is airdrop which requiring identity verification and some peoples done it.
When joining in some project that requiring KYC either as investor or hunter or airdrop participants, make sure you know the project is real.
Otherwise, our identity docs and other information will be leaked later.
Topic: Privacy, it matters! - page 2. (Read 3218 times)
For me, I do honestly agree with you regarding privacy. Even me, myself, is very concerned when it comes to submitting essential documents to these blockchain platforms. There are some positives and negatives about this one.
Let's start first with the negative.
Of course, these companies are asking for our valid identity to prove that we are real. However, the disadvantage is that if the company is just starting without any reputation at all, it would be risky. Especially if we are participating in various ICOs and STOs that needs our valid information such as selfie, government/passport/driver's license number and proof of address, they would capture all of it and may know where we really live.
And for the positive.
I could only say that it's positive if the company itself is in high reputation and established. They will be having a disclaimer that they will not be selling our private information that was stored in their database. The benefit is that the company would finally know that you are a real person and not a fake one.
Just my two sats.
Let's start first with the negative.
Of course, these companies are asking for our valid identity to prove that we are real. However, the disadvantage is that if the company is just starting without any reputation at all, it would be risky. Especially if we are participating in various ICOs and STOs that needs our valid information such as selfie, government/passport/driver's license number and proof of address, they would capture all of it and may know where we really live.
And for the positive.
I could only say that it's positive if the company itself is in high reputation and established. They will be having a disclaimer that they will not be selling our private information that was stored in their database. The benefit is that the company would finally know that you are a real person and not a fake one.
Just my two sats.
blockchain technology is indeed the best for making the blockchain a privacy security system I think in the future the industry and all companies will use blockhchain technology for privacy security systems
Privacy is really a very important factor that makes many people use and invest in cryptocurrency. I really like the security and privacy of the coins, it makes me feel safer than traditional forms of money and investment.
Yes of course it is a matter so we bounty Hunters is not necessary for kyc in bounties and that is the most big questions why bounty Hunters to to pass kyc?The factor is how it takes if we or i dont have a i.d to shown? And those id can be use in scams so its aa privacy for me.
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
In as much as privacy is good, which includes carrying out anonymous transactions it still has its downside as many use it for dcam purpose and money laundering. It will be nice to have a couter measure for such kind of issue
Except where one is hiding something or being criminally minded, I don't think privacy should be an issue for anyone. KYC isn't such a big deal for me provided I am certain my data won't be sold on the dark net. For those who trade stocks and Forex, KYC is compulsory before one's account is verified even before one funds the account. For me, I don't really care about privacy.
This is what I agree. Yes privacy is important but we need to comply to those things that will somehow secure those things rhat really belongs to us. KYC is not a big deal also for me since it can really help identify the real owner of an account. If we are afraid about identity theft, I am confident that it can be traced using the latest technology.Well, there's nothing wrong with KYC, it's just that most people choose the KYC platform they use. I myself do not like KYC against new platforms or those that are not well-known, because they do not have high trust from people. Unlike platforms like Facebook, brokers, and other large platforms, they are much safer and have clear legality. btw, what about the new technology you mean? is that technology able to track anonymous people on the blockchain?
And sometimes people can easily evade arrest using privacy when they do bad things to others,its one of the reasons i don't like projects with anonymous teams
What's wrong with anonymous team? People must have the right to hide their identity, financial activity. Why everyone will know what I am doing with my money?Well, if they are doing illegal activity that would be exception and we must avoid them.
Except a coin or project is trying to raise start up funds through an ICO, I think is better for the team to remain anonymous, but no one should trust a team they don't know anything about with their money.
And sometimes people can easily evade arrest using privacy when they do bad things to others,its one of the reasons i don't like projects with anonymous teams
Why do you always have to talk about illegal transactions? Were there any illegal activities before Cryptocurrencies? Let me answer! Yes there was always! This has nothing to do with privacy. Bad people are always bad people!
But crypto is also a good way for them anonymity is a good one for criminals while KYC could also be used by the criminals.
It would always comes down to our choice the best way for me is to avoid new project.
Let them first show and prove their worth anonymous team or not they could always end up scam.
Personally, for me, confidentiality matters. But do not think that when governments want to legalize crypto by allowing anonymity. my opinion is that later, all exchanges and exchangers will force the demand of their users all personal information and documents. anonymity can only be left if transactions are carried out between cold wallets
exactly. there is no government which will benefit from anonymity, but without regulation from the government, this market will not exist either. 
Look at my signature, you will find another promising privacy coin. This coin is really a hidden gem, low cap coin that is still at the beginning, but with cool and innovative idea, imagine that you can easily become a VPN provider and receive income for that.
Privacy, it matters!
Privacy is first pillar of safety. What bad guys dont know it exist they cant steal. There are many kind of bad guys. Some steal the coins other steal your employees. If you plan to pay them with a transparent ledger crypto currency you need to know that your competitor will exactly know how much you pay them.
Except where one is hiding something or being criminally minded, I don't think privacy should be an issue for anyone. KYC isn't such a big deal for me provided I am certain my data won't be sold on the dark net. For those who trade stocks and Forex, KYC is compulsory before one's account is verified even before one funds the account. For me, I don't really care about privacy.
This is what I agree. Yes privacy is important but we need to comply to those things that will somehow secure those things rhat really belongs to us. KYC is not a big deal also for me since it can really help identify the real owner of an account. If we are afraid about identity theft, I am confident that it can be traced using the latest technology.
Privacy is good but it's disadvantage is much more than the advantage. If in some areas of business privacy is a good options but not in finance. I suppose the team is unknown too and let's say they run with people's investment, then we can't get them because of privacy.
Personally i believe privacy is everything and i agree with this initiative. For me everything regarding crypto has to be safe and private, it's the special thing about it.
That's why i support SwitchDex and their actual commitment towards being a true DEX.
and
That's why i will support this project.
That's why i support SwitchDex and their actual commitment towards being a true DEX.
and
That's why i will support this project.
Adopting blockchain in hiring/recruitment sector will really be great, knowing that employees data can be saved on the blockchain and can not be altered. Talking about security of employee information stored on blockchain, I totally agree with you but talking about privacy, there is still a lot to be done to uphold this aspect.
Privacy is a big issue when it comes to recruitment. Employing blockchain in hiring industry is a smart idea which ensures the security and privacy of the candidates. When it comes to personal details, there is no compromise.
Prime Talent Chain ensures the Privacy, Security and Safety of the candidates' personal details. The entire ecosystem is automated with a smart contract and there is zero chance of leaks, hacks or data being stolen.
You can avoid that through using your blockchain but when it comes to listing your coin to the exchange site and whatever will you try and you must give and verify your identity. Prime Talent Chain ensures the Privacy, Security and Safety of the candidates' personal details. The entire ecosystem is automated with a smart contract and there is zero chance of leaks, hacks or data being stolen.
Privacy works when we are using the blockchain and when we are using another party and it looks like it doesn't work.
No doubt about that, it (PK, identity and security codes)must be kept solely to yourself, or your trusted family member because we can't surely know what lies ahead, in any case you die someone could open your accounts etc. Recently I aw a pot on social media that the viral application called "Face App" downloads the pictures of whoever downloads the app. I never download any app on my phone when I started crypto aide fro what I need. If the case was true then if someone (I was one way back) screen captured their PKs then it could lead to being hijack and thats it, so be careful to all of us.
There’s a lot of usage on blockchain technology, if every company knows this for sure they will invest. This is a good idea but I don’t think small companies will do this, but let’s see in the future. KYC kills cryptocurrency’s purpose, that’s why many investors don’t want it. If there’s a good project that doesn’t require your identity then its good and better.
Except where one is hiding something or being criminally minded, I don't think privacy should be an issue for anyone. KYC isn't such a big deal for me provided I am certain my data won't be sold on the dark net. For those who trade stocks and Forex, KYC is compulsory before one's account is verified even before one funds the account. For me, I don't really care about privacy.
This is what I agree. Yes privacy is important but we need to comply to those things that will somehow secure those things rhat really belongs to us. KYC is not a big deal also for me since it can really help identify the real owner of an account. If we are afraid about identity theft, I am confident that it can be traced using the latest technology. Jump to: