I half think some of these KYC projects are the government themselves collecting data. What better way for .gov to crack down on problem citizens then to have a few .gov employees put together a project and then have all the lower intelligence crowd readily hand them the information. Perfect way to make examples of people. They will also capture most of the low IQ crypto members with no means of defense. Big timers don't hand over documentation like this.
Bob's Repair wreaks of this to me. Esp with the big endorsement from McAfee who you know is an insider. With all the incredible projects out there why promote Bobs repair. It makes no sense. Anyone who sent their ID's into that one all I can say is LOL.
Topic: The KYC scam - page 4. (Read 755 times)
in my opinion these ICO can simply not be competent, they do not understand the legislation in the field of regulation of the crypto currency and therefore just in case hold the KYC
I don't advise participate in ICOs with KYC because your personal data maybe ICO will be scam or something else/
I believe the projects are using KYC as a ploy to not payout after bounty hunters have already done the work. I see more and more of these surprise KYC requirements after the work is done. This is clearly being done to seize the funds of the bounty hunters who are not willing to give personal data to god knows who.
Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
KYC verification is being followed by the new ICOs because there were users who are using multiple signups with these ICOs that is why today ICOs are choosing to have KYC to identity these abusers,and to abide the SEC's ban for the U.S citizen's of participating any of these ICOs,but it doesnt mean that these ICOs are scam,but personally i dont join these ICOs who has KYC because i dont want my IDs being exposed to any of my online secutity related activities. Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
The fact is that when you join such ICO companies as a signatory campaign participant, they do not write anything about KYC. People even ask them directly, they are silent. And only when the ICO ends, then they declare that everyone must claim the earned tokens, and for this they come up with a registration on their various sites, and multi-way. Poorly proficient in English it is simply impossible to go through all this and understand what they want. In the process, they require you to report various data about yourself. I myself have already faced this twice. Also, they come up with demand for earned tokens in their group of telegrams. For example, the Crycstal campaign demanded this to appeal to some Alex, but he was silent and ignored the requests. Therefore, many tokens have not been paid. All this can be considered fraud.
And maybe it makes sense just to give your data and pick up your reward? How can the ICO team use it?
Why just scammers? It's just that laws are issued that oblige KYC for all ICO participants, including bounty participants, because they also receive tokens!
KYC verification will lessen the chances of you being scammed by these ICOs,because legit ICOs today are requiring KYC for you to have an idea that you will morelikely receive that tokens you bought,because most of the scam ICOs today doesnt require any KYC verifications,I know that KYC verificatoin gives us risk of losing our identity but it is the best thing to do,for us to be sure that the ICO we are joining isnt a scam.
Those whom sacrifice their freedom for security deserve neither.
Benjamin franklin
-- Anyone waiting for the government to save them truly is the lowest of the low. It's people like this that let the tyrants run free. This poor fool cannot make his own decisions and wants daddy government to protect him. Such an odd human characteristic.
Most of the crypto projects are dead if you require KYC.
Could you imagine if Monero had a KYC.
Amazing there are a few people here who think this is ok. It seems like there is always a wave of human sheeple that hits all the positive movements that could help us free ourselves. KYC being negative for crypto is so crystal clear and yet some of these sheep still don't understand. I'm not sure if its due to their upbringing, location or general low intelligence but we need to stand against these perpetrators.
I also half think the supporters of KYC are govt agents posting here. No free man would ever support this.
How many govt agencies have you sent your passports too? Better yet did you do any video verification? Knock knock.
Agreed. But I'd like your idea about XMR with KYC. May be I offer such idea some new ICO's. It would be bomb.Could you imagine if Monero had a KYC.
Amazing there are a few people here who think this is ok. It seems like there is always a wave of human sheeple that hits all the positive movements that could help us free ourselves. KYC being negative for crypto is so crystal clear and yet some of these sheep still don't understand. I'm not sure if its due to their upbringing, location or general low intelligence but we need to stand against these perpetrators.
I also half think the supporters of KYC are govt agents posting here. No free man would ever support this.
How many govt agencies have you sent your passports too? Better yet did you do any video verification? Knock knock.
Really KYC presence I understand but don't like. Tis fact in full kill cryptocurrency idea itself. Because it became as some bonus card or same
Most of the crypto projects are dead if you require KYC.
Could you imagine if Monero had a KYC.
Amazing there are a few people here who think this is ok. It seems like there is always a wave of human sheeple that hits all the positive movements that could help us free ourselves. KYC being negative for crypto is so crystal clear and yet some of these sheep still don't understand. I'm not sure if its due to their upbringing, location or general low intelligence but we need to stand against these perpetrators.
I also half think the supporters of KYC are govt agents posting here. No free man would ever support this.
How many govt agencies have you sent your passports too? Better yet did you do any video verification? Knock knock.
Could you imagine if Monero had a KYC.
Amazing there are a few people here who think this is ok. It seems like there is always a wave of human sheeple that hits all the positive movements that could help us free ourselves. KYC being negative for crypto is so crystal clear and yet some of these sheep still don't understand. I'm not sure if its due to their upbringing, location or general low intelligence but we need to stand against these perpetrators.
I also half think the supporters of KYC are govt agents posting here. No free man would ever support this.
How many govt agencies have you sent your passports too? Better yet did you do any video verification? Knock knock.
Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients.
Many countries want it because of regulations in crypto!
Many countries want it because of regulations in crypto!
Time will slowly eliminate the KYC. With more and more projects coming out which ones do you want to put your money in? The one with full background checks who show no respect for your personal privacy or the ones you can simply purchase.
There is simply no need for Crypto if we have to have full background checks and are treated like criminals. We have the bankers for that.
If there is a need to send passports and videos of ourselves then the crypto movement will die. Make sure to get out of crypto and into fiat if you see the KYC gaining much more traction. Crypto cannot compete with traditional banking if its not anonymous. Very surprised at the lack of IQ of some of the board members who cannot see this.
There is simply no need for Crypto if we have to have full background checks and are treated like criminals. We have the bankers for that.
If there is a need to send passports and videos of ourselves then the crypto movement will die. Make sure to get out of crypto and into fiat if you see the KYC gaining much more traction. Crypto cannot compete with traditional banking if its not anonymous. Very surprised at the lack of IQ of some of the board members who cannot see this.
You are not right. I, too, am a bounty hunter and I think the passage of the normal KYC. It is right and helps keep track of scammers in companies bounty (mult account). I find it unfair that in most cases only investors go through KYC.
I think you might be making a point here but let us still believe that the KYC requirement is a legal process. If it's a ploy we will all know in the nearest future but for now let us see what we can do to collect our bounty payment. We have worked for it and we need our rewards. Thanks
Exactly what i though, ussualy if that ICO want to do KYC he announce it from begining, but some ICO announce it when the presale almost over or even after the TGE over. So its just KYC doit so you can receive your token, for legal reason anyway. Will be plus point if the coin or token allready have market after you receive it just sell it.
I believe the projects are using KYC as a ploy to not payout after bounty hunters have already done the work. I see more and more of these surprise KYC requirements after the work is done. This is clearly being done to seize the funds of the bounty hunters who are not willing to give personal data to god knows who.
Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
Personally,Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
I don't think it's a scam.Simply because people nowadays are abusing the referral system by self-referring,using proxies VPN and such..
When asking for KYC,they assure that no one cheated in the bounty and making everyone getting his part of the cake.
There is no point in making referral bounty if 1 person gonna self-refer over and over.That won'tbring any value to the project.
this depends on the team behind the project , if they are serious about their project or not
KYC verification will lessen the chances of you being scammed by these ICOs,because legit ICOs today are requiring KYC for you to have an idea that you will morelikely receive that tokens you bought,because most of the scam ICOs today doesnt require any KYC verifications,I know that KYC verificatoin gives us risk of losing our identity but it is the best thing to do,for us to be sure that the ICO we are joining isnt a scam.
It depends maybe in ICO because I have experience one ICO that requires kyc but they give me money, I worked for them then I fill up the kyc form then they pay me as simply as that.Not all ICO's are fraud you need to make a further research first before you enter in one ICO.
I don't agree with you, I think that the opposite is correct.
Usually ICOs organizers that require KYC Documents, are usually regulated, and the fact that there are regulated means that the chances for you to get scammed is much lower.
If an ICO doesn't ask for KYC, keep in your mind that this ICO is probably unregulated, it doesn't mean that you are going to get scam and it doesn't mean anything about the results of the ICO, but all it means is that they don't work with regulators, and you are taking the risk that regulators could be shutting down the ICO, or even worse, the ICO could turn to be a scam and the organizers would be able to run away without any troubles.
Usually ICOs organizers that require KYC Documents, are usually regulated, and the fact that there are regulated means that the chances for you to get scammed is much lower.
If an ICO doesn't ask for KYC, keep in your mind that this ICO is probably unregulated, it doesn't mean that you are going to get scam and it doesn't mean anything about the results of the ICO, but all it means is that they don't work with regulators, and you are taking the risk that regulators could be shutting down the ICO, or even worse, the ICO could turn to be a scam and the organizers would be able to run away without any troubles.
I believe the projects are using KYC as a ploy to not payout after bounty hunters have already done the work. I see more and more of these surprise KYC requirements after the work is done. This is clearly being done to seize the funds of the bounty hunters who are not willing to give personal data to god knows who.
Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
I think you might be making a point here but let us still believe that the KYC requirement is a legal process. If it's a ploy we will all know in the nearest future but for now let us see what we can do to collect our bounty payment. We have worked for it and we need our rewards. Thanks
Jump to: