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Author Topic: Basic precautions when doing KYC for ICOs  (Read 216 times)
DonaldTramponald
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April 30, 2018, 01:51:21 AM
 #21

I also do not like KYC.  The main precautions are 1. Do not participate in projects where KYC is necessary or choose carefully 2. Do not participate in the airdrops with KYC 3.  Paste on your copies of documents a personal entry - "For KYC" (watermark)

bunny0612
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April 30, 2018, 01:59:06 AM
 #22

Do you know what's worse? KYC for Bounty. I do not know why KYC for bounty to do. But I think KYC for ICO is essential ( but I dont' like it too Grin). Anyway, rule is rule, If you want participate ICOs, you need to do KYC.
marketone
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April 30, 2018, 02:03:05 AM
 #23

Do you know what's worse? KYC for Bounty. I do not know why KYC for bounty to do. But I think KYC for ICO is essential ( but I dont' like it too Grin). Anyway, rule is rule, If you want participate ICOs, you need to do KYC.

If you don't like the KYC bounty then better stay away for it because in some campaign they are already mentioning KYC for bounty is must. They will follow some procedure for KYC, so it is better to stay away from it, if you don't like means.
cryptosifu
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April 30, 2018, 02:11:19 AM
 #24

I really hate KYC. I have to effectively give my id docs and pics to strangers and I might find it in the dark web anyday. The only answer I have found to this is introducing a watermark, barely visible or sometimes clearly visible, indicating the ICO and date. If it leaks, at least it could be determined from where.

Hmmm.  That is a great IDea.  Are we allowed to add a watermark to a picture of our id and still have it valid?   How much distortion before a watermark invalidates an ID?  If you set a limit which is too lenient people can just take the area of the id containing the watermark, blur it to obsucate the original watermark and then add another.

I doubt this would work.  I am sure all documents need to be clear and visible, otherwise, anyone can just find documents online and photoshop them.  Some KYC verifications require you to take a picture while holding the document.   
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April 30, 2018, 05:32:19 AM
 #25



I doubt this would work.  I am sure all documents need to be clear and visible, otherwise, anyone can just find documents online and photoshop them.  Some KYC verifications require you to take a picture while holding the document.   

Well, the only KYC I have ever been involved with just wanted a picture of my id.  It was a pretty blurry picture too...

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