KYC + all your official papers being stolen and traded

[Applechild]

Wow! I never thought or view this in this light. This is a wake up call. Blockchain speaks anonymity but the introduction of KYC does not align with the rules. The problem here is that we are too afraid to speak up. If we all agree not to give away such valuable information in the name of bounty campaign maybe majorly for the crumbs we are getting. Where should the campaign against his start? How do we reach out to everyone? If there is a will, there is a way.

[calexander55680]

The demand is now very high so I hope we'll see some KYC blockchain solution in a few months.

[WalkerIVIV]

The demand is now very high so I hope we'll see some KYC blockchain solution in a few months.

Definitely we need something that we can trust to have our identities and then use it to verify to so many projects. handing over our official papers to someone we don't know is just plain stupid even though it's the only way.
if theres something that could give bucks but demanding for identities, nah count me out.

[Uhde]

it is really very possible. because we all have read the news about some icos that leaked the kyc documents of the participants sold in darkweb... we can never know what they are going to do with our passport copies.

[pharaon]

Projects put forward their conditions for obtaining their tokens, and we (investors or members of the bounty campaigns) decide whether to accept these conditions or not. We always have a choice. What is the problem?

[bebinonaa]

KYC has apparently turned into the standard for all tasks and I have no enthusiasm for doing it. You can argue for vast ICO speculations for hostile to illegal tax avoidance purposes, yet even that conflicts with the first plan of digital money and bitcoin. What I truly have an issue with in KYC for bounties and airdrops. The client part of that doesn't bode well since I haven't given any funds.with the measure of deceitful undertakings, you would need to be insane to give that data. In the event that the measure of spam email I have gotten since agreeing to accept airdrops is any sign, you can wager that there is some shady stuff occurring with travel permits and other distinguishing proof records.

[RNGfight]

When I saw many bad businesses selling KYC materials in private, I knew we could not submit KYC materials, which became a very dangerous thing.
Because we don't know when our data will appear in the sales data.

[HEvangelista]

My colleague at work who also participated in a KYC on Morpheus gave his obsolete postal id and an old voters id too. I told the person why did you do that he said that these are old i.d. anyway and he does not want to give out his passport. I still don't know whether Morpheus has plans to pay him since he has been bickering that for months now no bounty payment has been given to them.

[boolean420]

why does an anonymity project even need your documents for KYC? This has to be the funniest thing ever.

[Accts4u2]

I really do not understand how people can just accept giving their private information to people that they do not know, especially startups. People play way too much with their identity, they do not understand that this people they are giving their information all in the name of kyc can sell their sensitive information to the highest bidder on the dark web.

[Hairynipples]

I really do not understand how people can just accept giving their private information to people that they do not know, especially startups. People play way too much with their identity, they do not understand that this people they are giving their information all in the name of kyc can sell their sensitive information to the highest bidder on the dark web.

This is pretty much why I won't participate in any ICO's or projects that require KYC.

I have however provided KYC proof when registering at exchanges as I understand the fact that in some jurisdictions it is a legal requirement, just have to hope that they keep the info confidential!

[JohnTycoon]

Experts are completely convinced of that Know Your Customer is not a justifiable approach for the majority of the tokens. Those do not own the legal support of stocks and should not have need of that process.

[Hecquyn]

Thanks for this post. I will take note and be more careful when using personal information.

[trudovik]

Well, at least someone wrote about it, because many investors who pass KYC do not understand that their documents will be stolen and sold. It's strange that people believe in projects that promise to secure these projects.

[soooulliv77]

I thought about these dangers, but still went through the KYC procedure several times. There was a choice of either losing money or KYC.

[Keyboard PC]

yes you should really be more careful if you want to give KYC because it gives your identity and certainly your privacy will be widely known by others and worse your identity is used for things that are not good and not true it is very terrible by therefore you should be more careful.

[princebridge7]

it's true KYC we can trade id if they want to cheat on us.
let alone now plaing trivial is Airdrop who need KYC.

aaaaaahhhh shit, just for the cheap thing you sell yourself to someone else who can harm yourself. LOL

[bubble pop]

Be very careful sending in your passports and govt id's for KYC.  Your 1 scam project away from having your identity stolen for god knows what on an international level. 

Also look very closely at the "projects" asking for this.  One of the major points of crypto is to be anonymous.  Do not give this up.  If you keep sending in your "papers" to strangers you will get burnt eventually.

Think about what the authorities will say to you when your identity has been stolen.  They are going to ask why in the world you would give your personal info like this to a stranger on the internet.  It makes no sense on any basic level to give your info out like this.

JPMOGAN does not even ask us for this level of identification when opening an account.

Think about it please.

If we all deny the KYC projects this invasive procedure will go away.

To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know.  They can use your passport for any reason including terrorist acts.

Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain.  Now you have real problems.

Good luck guys.

truly don't see how individuals can simply acknowledge giving their private data to individuals that they don't have the foggiest idea, particularly new businesses. Individuals play an abundant excess with their character, they don't comprehend that this individuals they are giving their data all for the sake of kyc can pitch their touchy data to the most elevated bidder on the dull web.

[podimanikee]

KYC has apparently turned into the standard for all activities and I have no enthusiasm for doing it. You can argue for expansive ICO ventures for hostile to tax evasion purposes, however even that conflicts with the first expectation of digital currency and bitcoin. What I truly have an issue with in KYC for bounties and airdrops. The client part of that doesn't bode well since I haven't given any funds.with the measure of fake ventures, you would need to be insane to give that data. On the off chance that the measure of spam email I have gotten since agreeing to accept airdrops is any sign, you can wager that there is some shady stuff occurring with travel papers and other ID archives.

[pidobir]

I love cryptocurrency for anonymity and I don't like KYC. But if the project is worthwhile and I trust it I pass the verification.