KYC=Easy profit for scammers.

KYC is not safe look at all the exchanges that have been hacked.

KYC is only safe within a government institution like a bank or license department or bank or loans and bigger business deals. I know my info is safe with the goverment but not with some random project online.

We have been told not to give our personal info to anyone if we choose to be involved in crypto.


This is why my government tells us not to give KYC.

I legally don't need to give KYC.

Come arrest me then. Bring it on.

Lol. Why are people so obsessed with laws? Just do your thing as long as you not hurting anyone.

This law we NEVER PASS!!
IF it does then all indians lose their freedom and are slaves.

Can people not read or something? The OP Didn't say anyone has a low IQ they asked a question "Bitcoin believers/investors are foolish or low IQ people ? " notice the ? mark you use that when asking something. -_-

Anyway OP who said people who invest in bitcoin have low IQ? Where did that question come from? Has someone said this to you? Please expand.

Exactly thank you very much!! xD

Here is why KYC is total crap.

Mr scammer is lazy and wants to make a lot of money very quickly to live his fast and uncaring life style. Mr scammer thinks very hard of what to do. Mr scammer remembers the threads and forums he was visiting to learn the latest scams and ways to be a dirty thief. Mr scammer find a black market someone recommended to him. Mr scammer notices person ID being sold for $50-$150. Mr scammers rubs his hands together and decides this will be very easy because Mr scammer knows that bitcointalk is full of idiots giving away their KYC.

Mr scammers takes 5 minutes to make an airdrop that asks for KYC and offers $200 each sign up. 10 people sign up and mr scammer sells those ID/KYC and goes on a trip.


Advanced Mr scammer wants to make more then Mr scammer so advanced mister scammer creates a fake coin to sell at a fake ICO and gets the ID/KYC by asking for it in order to invest in mr advanced scammers fake coins. Mr advanced scammer knows if he goes on about crime and AML and other bs he can scare people into giving KYC. Now Mr advanced scammer gets the ICO money and the dumps all coins on the exchange and makes even more. Not to talk about the KYC profits.

I would not be surprised of many people here have had their KYC sold.

Don't forget about all the different ways to earn now. Master nodes mining trading investing or even creating your own project. There so many I am sure you can sit all day mentioning them.
It is really up to your own creativity. Something is for sure that is this is all very new and totally unique ways to earn and conduct business it will be interesting to see how things develop in the future.

You can propose any law. You can propose wearing red underwear on fridays. It doesn't mean it goes into law. Noone will listen to this bs. Lol being arrested for doing something that doesn't hurt anyone.
Great way to start a war with your own people. If someone threatened my way of life or my assests in anyway I will defend myself. I worked for it, it is mine to do as I wish to.

If any law like this ever passes then its own obligation to break those laws because...

When law becomes injustice then rebellion becomes duty.

Did you click one of those emails that said you were paid x amount and to login? Where did the $1200 come from you never explained that? Are you saying $1200 came from nowhere or was it your own payment.
If you saw a supported payment and logged in to get it then it's your own fault. Still not sure how this happens to people.

Time has always meant money throughout the ages though. Rare earths? You mean metals? That is what gold is. I wonder why people talk about gold but not diamonds?

Beginners should first learn about faucets and making transactions there till they use to it before moving on to moving larder amount of crypt in an exchange. I did this myself which is why I think faucets are perfect for new users. Play small before you play big.

They have no business asking for your KYC. Only a fool gives their KYC. You don't need to verify your ID for winning something. If they ask KYC it is a scam. Expect your personal info to be a for sale on the blackmarket.

At the end of the day if you are willing give your personal info to a total stranger who promises you tokens that may not even have value or even be part of a project then you an idiot. I want candy coat, facts are facts.

I think the scammers need to start being arrested seriously. But honestly, people are total idiots. There is a scam running and in the Ann it says it is a scam, there is no admin around no new posts and still the bounty thread has morons filling in work. As long as these morons continue to work for scams the scams will keep coming. It only encourages these scammers. Honestly so many bounty hunters are idiots.

I have never had anything hacked into, not even an attempt. I don't know how these fools get their the wallets hacked all the time. Add email verifivation and F2A. On exchanges I don't allow anything to move without lots of verifications. First I must unlock the trade (depends where I exchange) with a pin number. I then need to make sure I login with an IP that is added to the list which is the IP addresses I use and blocks everything else. Then there is the password and username and then the email password and user name and then after that they still need the F2A. I can't see how it is possible to be hacked with that many verifications.

I also made it more difficult for myself to trade to allow myself time to think about the trade and make 100% sure I am trading the correct amount. If someone logs onto my account I know about it by the IP.

I don't even know how many healthy worms I have I just remember wearing the avatar it looked awesome btw why do you not wear it?
I found my wallet .dat file so is there anything I can do with the coins I find? Or are you starting completely over? I am just wondering if I can do anything with them or not.

I can't believe people are filling out the bounty still. They need to learn to read the Ann instead of mindlessly filling in any bounty they find. Those type of people ruin crypto and just dump. Clueless fools.
I don't understand why anyone would want to waste their time working for free?

Please people stay away from scams do not keep working for them it only encourages it.

?? What ??

"There are sellers but very less buyers for Bitcoin at $5000."  what the hell does this mean? Bitcoin is selling at 8k where does 5k come from? You not making sense.

"I came to know people are losing interest in bitcoin" Who?

"Nobody talks about Bitcoin after Bitcoin became a digital asset only" So we are nobody? It became a digital asset? Like on its own? How does something become something? It is a currency not a digital asset I use it constantly.

"all the criminals and scammers coming to Bitcoin because of anonymity. Bitcoin increased crimes"   This one made me laugh. All of them huh? So the guys that broke into my neighbor's place last year were into bitcoin? All scammers??  Bitcoin increases crime is my favorite one. No people increase crime. Bitcoin is a digital thing it cannot increase crime or commit a crime. Infact it cannot do anything but exist to be traded with.

Wow. What a waste of time. There are crimes where people get seriously hurt and they wasting their time on this. Tracking every single package? How would they know what is in the package?
This sounds like paranoia and really isn't going to help anything. The war on drugs just fueled it. Besides serious trafficers would use their own carriers. Its pretty messed up this is what they waste their time on instead of customer service. This is in USA again so I am not too surprised. For being the land of the free you sure not very free with all this bs survivance and tracking. I can't scratch my arse without someone knowing about it.

You might think this is going to do good but it won't people will take drugs no matter what law is in place. Countries with less severe drug laws have less drug problems. It's only clueless people who think stuff like this will help.

Well you should have had a debit order or yearly subscription as others have mentioned as well. I just hate the banking interface, it is difficult to use and confusing. Bitcoin and crypto is much more easy to understand since it is just a few things you need. Address of the receiver and the amount to pay and your security options.vWith banking you also have no idea the progress of your transaction since there is nowhere to check since there is no blockchain.

Ok thank you I will look into that. I think I know what the problem is now

I don't think ICO needs regulation necessarily. People also need to think for themselves. It is up to us and our responsibility to close the door on scams. As a community, we should stick together and rid this place of as many scams as possible. It is possible for us to regulate it ourselves and if you do we can reject scams ourselves and warn people. The problem is people seem to get greedy and want get rich shcemes which just isn't going to happen. Regulation cannot cure greed and scams exist with regulation as well, they are just more advanced and hard to spot. The more security the more the criminals fight back and scam. It is unfortunate but true.

What about some of these lesser-known coins that rocket off into space way past the moon and get thousands of %. In my personal experience, I only knew of a few coins like this. I guess maybe people are too quick to call a coin a shit coin right? The coins you mention are well known and it is a good thing since they  were profitable for investors.

Eth will be around for a very long time. It works very differently to the traditional bitcoin blockchain. The thing keeping it alive is how great its network is and how easy it is to create your own token. Unfortunately, this gives the rise to scams since it is much easier to create a coin that uses an already made network then to create your own blockchain for a coin. Then we must pay gas for transaction and since there many tokens eth is always on demand and constantly being used.