Topic: Regulations or Anonymity - page 3. (Read 1051 times)
They say so, if you hide something, you want to be anonymous. I also thought about it for a long time and I believe that there is order when everything works according to the rules. The rules in our case is regulation. Do not forget that all financial systems have always been dependent on the rules and there have always been those who managed the system. And who said that the blockchain was originally created for anonymity? Now a lot of things are being said, but the truth is that we do not know the truth. Based on this, we conclude that the development of a crypto industry is hampered by the recognition factor, and therefore regulation is needed. After it, banks will use cryptocurrency, which means recognition will occur.
I am still for anonymity, because it is one of the major advantages of crypto currencies and I am sure there is a legit way of how to guarantee investors that a project is not a scam. When we will find this solution we would not need any regulations.
You can curse regulation as you like, but it is this that still helps to keep the crypto market, without centralized exchanges, without centralized coins, it would be extremely difficult for us, and the scam would be much more.
Therefore, regulation in the ICO as a temporary measure may well play a positive role.
Therefore, regulation in the ICO as a temporary measure may well play a positive role.
These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
what about both, a regulation and staying anonymous isn't that better?
I know KYC is a failure nowadays there are many problems caused by PCs but we should be able to become a better way to solve them. privacy is one of the things that makes crypto grow to this size. so it's impossible to remove.
the blochain is and must remain anonymous the kyc should be abolished altogether in the world of crypto, the various scams can be prevented in other ways, for example the various dev and team of the icos must make public names and photos and use escrow
Regulations and anonymity both have an advantage and disadvantage but I definitely like the anonymity part of crypto currency because regulation could lead to act of data linkage which was said to happened last year. However, i wont blame the SEC raising issue about regulations because the crypto currency anonymity abuser are the cause of it.
The truth is that KYC will not stop scammers, they just can buy an ID. However, this is the only tool to combat fraudsters.
I don't believe that KYC can make scam impossible and I believe that if all privacy coin are erased we will have problems on crypto space ,it means KYC implementation will make your Worth's known which can't be called 'safe' ,as for KYC stolen identity is still a big problem
If you look from the point of view of the global Internet, then I think that today it is very difficult to speak on the topic of anonymity. Because today there is and is already running a huge number of services that index a very large amount of data that worsens your anonymity.
Unfortunately, anonymity for fraudsters is the only necessary factor for prosperity, and KYS is the main mechanism for deterring them, but it is also vulnerable. Therefore, additional tools or rules are needed.
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Cryptocurrency is not totally anonymous but it is decentralized! Anonymity is the nature of crypto and everyone loves, feels safe and freedom in crypto's anonymity! But to make crypto adoption in real life, regulation needs too! I don't want to see Bitcoin under regulation, but still, if a new project comes with a face then I will welcome them gladly.
If you want regulations go to stock market.
If you want anonymity then choose cryptocurrencies that give us opportunity to be free again.
Cryptocurrency has no anonymity. I have already transferred all my data to the stock exchanges. Tell me what can be anonymity? If you want anonymity then choose cryptocurrencies that give us opportunity to be free again.
If you want regulations go to stock market.
If you want anonymity then choose cryptocurrencies that give us opportunity to be free again.
If you want anonymity then choose cryptocurrencies that give us opportunity to be free again.
I am clearly in favor of anonymity. This is one of the main features for which I love cryptocurrencies and buying new coins, I want to keep the right not to reveal my identity. If to participate in the ICO, the passage of KYC is a mandatory procedure, then for bounty hunters, I think it is necessary to introduce alternative options that will allow to remain anonymous.
I believe that anonymity can not help the market. At this time, the market needs regulation. As we fall to the bottom and how you need to change it.
I prefer the idea of anonymity, especially because of the strong state control over the private life of citizens in recent times. This is a kind of response against excessive state control. But I understand that regulation in some areas of the crypto world is necessary for further development.
I think regulations are necessary and healthy, and that anonymity can be good as an optional feature. My concern with anonymity is the potential for abuse and kidnappings, so I think complete and total privacy, while there will always be a market for it, is not ideal in the space generally.
I think the blockchain should remain anonymous. And decentralized. Otherwise, the idea is lost.
KYC should be carried out just for project organizers. Then the scam will be impossible since the scammers can be found and punished according to the law.
This is definitely noticed. For organizers, KYC is required. Working with the bounty, I do not want to distribute my data to each project. Anonymity and decentralization, this is the main thing in the blockchain. KYC should be carried out just for project organizers. Then the scam will be impossible since the scammers can be found and punished according to the law.
Regulatory landscape for cryptocurrencies is still uncertain and this moment however the SEC should be able to reach regulatory proceedings that will allow for the level of scrutiny to be taken into blockchain projects and investors while still protecting the identity of the investors using the blockchain's anonymity capabilities.
KYC is important to achieve this but a storage of personal data of millions of people will be a target.
It is unlikely that they will be able to carry out the whole complex of measures that will help to rid the ICO sphere of all its main shortcomings, especially if you have to think how not to touch anonymity KYC is important to achieve this but a storage of personal data of millions of people will be a target.
Regulatory landscape for cryptocurrencies is still uncertain and this moment however the SEC should be able to reach regulatory proceedings that will allow for the level of scrutiny to be taken into blockchain projects and investors while still protecting the identity of the investors using the blockchain's anonymity capabilities.
KYC is important to achieve this but a storage of personal data of millions of people will be a target.
You make some very good points. The storage of peoples' data is a huge target and there's so many places KYC has it stored. The fact that there's so many places not regulated by the SEC or people just disregard it shows a place for anonymity and a huge gap for failure at the same time... It's a double edged sword in today's world. KYC is important to achieve this but a storage of personal data of millions of people will be a target.
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