I remember how blockchain.com promoted XLM because they've listed it on their wallet and asked for KYC just to be eligible to receive $25 worth of XLM as an airdrop.
And if that's in bitcoin, no doubt that many would love to join the craze and fill the KYC to get those precious bitcoin reward. But it will also depend on the platform that's conducting that KYC and if it is not trusted, many will not join.
Topic: Trade Your Privacy to ₿itcoin? - page 2. (Read 534 times)
Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
In my case I have done so many KYC or submitted some kyc in order to pass the criteria of some exchangers in which I have been able to sent my personal information to the platform just to use the exchanger, and it feels annoying because here in cryptocurrency privacy is one of the precious way that we don't need to give in order to remain in our private life. If we will be able to choose one thing between our privacy and bitcoin I will still choose our privacy because it is also for our safety measures and etc. I will never do again revealing my identity just for a piece of bitcoin and this would probably will do by the same people just to protect their identity. I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
Well I already given my identities to exchanges and projects that requires KYC, so I do not think it will make any difference if I submitted it to get paid in BTC as long as it is not used in illegal means. What is it to have a second thought about it when we already done that several times?
If the payment is reasonable, I would take the risk. just like doing some dangerous job, you need to risk your life. In this case, you only need to risk your Identity. well, that's kinda easy compared to bet your life on some dangerous job. For some users, they won't give their personal information because the price is not enough to cover their loses. that's why we have our own point of view regarding KYCs.
Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
It always depend on the situation because there are other entities also that are paying for our privacy for their own benefits, so in this case even if they are willing to give a huge amount of bitcoin I will not trade my personal details to them as there is a big chance that they are going to use it in shady transactions.
But if for example in an exchange, I am willing to cooperate especially if they are doing it for our own good as there is a very low chance that they will leak our personal details as it will backfire to them also and they will loss their profit if it will happen. But so far, only in our local exchange that I gave my personal details.
Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
It depends on what the other party is using the identity data form. As long as they're just holding it for KYC and not malicious things, I'm okay with it, even more when there's BTC on the line. For example: exchange couraging users to KYC by giving away Bitcoin? Yeah I would sign up to that. I would also look at the other party capability to keep my data safely. If they seem capable and trusted, I would do it. I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
Definitely no. If you're talking about I already gave KYC documents, it's a different thing. Since exchanges hold some responsibilities and privacy policies of their own, whereas giving details on someone you don't know in the internet in exchange for BTC is extremely risky. It could be used on a wide variety of risks such as identity theft. And one also thing to note is that the amount you received might be smaller than the damage it would deal to you once you get involved with some problems from spilling your information.
That counts, if how much you receive than the amount of damage to expect. Knowing that you are going to provide you personal information and allowothers to possibly use your data doing illegal things.
For small amount of money, never risk your privacy, it's better to keep you private and safe than being targeted by hackers and scammers.
Definitely no. If you're talking about I already gave KYC documents, it's a different thing. Since exchanges hold some responsibilities and privacy policies of their own, whereas giving details on someone you don't know in the internet in exchange for BTC is extremely risky. It could be used on a wide variety of risks such as identity theft. And one also thing to note is that the amount you received might be smaller than the damage it would deal to you once you get involved with some problems from spilling your information.
Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
To be honest, I've like submitted to three exchanges so far. One for a local exchanges. And two exchanges that I need to pass KYC so that I can dump my tokens back then. But the thing is, the project suddenly says that they're no longer going to list their tokens in that exchanges.
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
I guess the question is that with the advent of new regulations, sooner or later everyone will have to send and submit their info for KYC/AML. So what choices do you want? Of course there are DEX, but I'm sure more are trading in a CEX wherein KYC might be enforce.
They might sell their soul, kidney, sperm, etc., as long as the price is right.
I kinda laughed when I read this but yes, it is true. Although we can't really blame them for doing something similar with their privacy in exchange for a few Bitcoins. Most people who does this usually don't have many choices, their need for privacy out weights their need to earn BTC.
For KYC, IMO people from 3rd world countries might be satisfied with a mere $50.
Yes, it might be a mere $50 for some, but for those who are on these 3rd world countries, it could be worth their whole day meal.In the end, I guess it boils down to how much does someone values their privacy. If they could live without it and have BTC in exchange, they'll go for it without any hesitation.
I do agree, it really depends on how you value your privacy in terms of needs in life.
With all due respect to the OP, I think this thread might be more suitable to be discussed on the Bitcoin discussion.
Yes. Moved.They might sell their soul, kidney, sperm, etc., as long as the price is right.
I kinda laughed when I read this but yes, it is true. Although we can't really blame them for doing something similar with their privacy in exchange for a few Bitcoins. Most people who does this usually don't have many choices, their need for privacy out weights their need to earn BTC.
For KYC, IMO people from 3rd world countries might be satisfied with a mere $50.
Yes, it might be a mere $50 for some, but for those who are on these 3rd world countries, it could be worth their whole day meal.In the end, I guess it boils down to how much does someone values their privacy. If they could live without it and have BTC in exchange, they'll go for it without any hesitation.
With all due respect to the OP, I think this thread might be more suitable to be discussed on the Bitcoin discussion.
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For KYC, IMO people from 3rd world countries might be satisfied with a mere $50.
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Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I think selling private information is not new. People might sell more than address, name, etc. for money. They might sell their soul, kidney, sperm, etc., as long as the price is right.For KYC, IMO people from 3rd world countries might be satisfied with a mere $50.
Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
To an extent. I completed KYC at Bitstamp and Coinbase years ago.
I limit the number of exchanges I do business with for this reason though. I appreciate my privacy and I don't want my tax ID# and documents being compromised by careless exchanges. So I use altcoin and derivatives exchanges that don't require verification.
I have had completed KYC requirements to several exchanges as well because to trade specific coins that are within their trading system, I have to comply their requirements. And I think, we have no choice one way or another. Because if you wanted your precious bitcoin to be in your fiat currency, very few options that you won't need to do the KYC. However, I carefully chose those exchanges and I also did research if that exchange is legit in the first place. But for some small exchanges asking for KYC, definitely no! One should know where you submitted your vital docs so in case something goes wrong in the future, you can easily pinpoint where it is coming from.
You will temporarily possess bitcoin meanwhile your data will be saved by them forever. the case with KYC is that you are giving away your data for the sole purpose of complying with the AML program. Though, your data could be collected by the exchange if they are shady enough but if you are giving away your data for example to a phishy airdrop it's the same as selling yourself.
Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
To an extent. I completed KYC at Bitstamp and Coinbase years ago.
I limit the number of exchanges I do business with for this reason though. I appreciate my privacy and I don't want my tax ID# and documents being compromised by careless exchanges. So I use altcoin and derivatives exchanges that don't require verification.
Your private info is already being sold all over the place without you knowing. If there was an opportunity to monetize your own data the way that Google sells everything they know about you, probably want to look into it.
People don't care about their privacy. On Bitcointalk there is a good example, you can see a good number of users praising privacy tools, currencies, and so on but they gave any personal info to exchange platforms for a few bucks, like coinbase that give $10 for I don't know what apprenticeship program. Even selfie, I'm sure if they ask their underwear size they will run to give it too.
It's no different than when you see them saying Bitcoin needs regulations for the mass adoption, I start to see them now crying because Bitcoin is being regulated here and there.
I find it ironic considering Bitcoin is a tool that gives us the ability to remain (pseudo) anonymous.
It's not only about trusting a 3rd party and to be afraid to have your information sold/hacked it's also about Big data.
It's like with the loyalty card programs from the supermarket, they can know you and your family better than you. They know when your wife has her menstruation, they know what your children eat, how many showers per day you take, etc, etc. You can imagine a lot of stuff
It's no different than when you see them saying Bitcoin needs regulations for the mass adoption, I start to see them now crying because Bitcoin is being regulated here and there.
I find it ironic considering Bitcoin is a tool that gives us the ability to remain (pseudo) anonymous.
Can you clarify what giving out personal details for BTC mean? I mean, if someone were to give me BTC just to know my personal details, let's say name age, I'd go for it. Heck, we already did KYC to exchanges so that they could allow us to trade BTC to them and from them. But there should be a personal limit to it. Let's say, my address is off limits, my Birth certificate ID is off limits, stuff like that. You know, information about you that could be specifically used against you, or could be used to take advantage of you. Plus, there'd have to be a legal document stating that the usage of my personal information would not conflict in the boundaries of the law, and would only work with it, not against it(law).
It's not only about trusting a 3rd party and to be afraid to have your information sold/hacked it's also about Big data.
It's like with the loyalty card programs from the supermarket, they can know you and your family better than you. They know when your wife has her menstruation, they know what your children eat, how many showers per day you take, etc, etc. You can imagine a lot of stuff
Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?
I never do those stupid steps to get the Bitcoin or any other things because already many data mining and data pulling companies available in this world and trace the many people location and personal information.
Once they learn they will get details from the data minting company, next their selling the details to the onion browser gangs.
In the Philippines, most coins.ph users already traded their privacy because of KYC. And if you are processing large amounts, your account will be flagged for video interview and show of proof of income. Coins.ph is the most convenient way to convert bitcoin to PH peso and vice versa. In a way, we have to comply and trade our privacy because we badly need their service.
Can you clarify what giving out personal details for BTC mean? I mean, if someone were to give me BTC just to know my personal details, let's say name age, I'd go for it. Heck, we already did KYC to exchanges so that they could allow us to trade BTC to them and from them. But there should be a personal limit to it. Let's say, my address is off limits, my Birth certificate ID is off limits, stuff like that. You know, information about you that could be specifically used against you, or could be used to take advantage of you. Plus, there'd have to be a legal document stating that the usage of my personal information would not conflict in the boundaries of the law, and would only work with it, not against it(law).
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