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Doge dealer
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March 12, 2018, 03:39:15 PM |
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That might be true but that would be the people who were interested for illegal means , the bitcoin ecosystem dosent need such individuals anyhow, majority of the persons who use bitcoins are interested because its not centralized and the ease with which you can do a transaction . from my interaction not every one is overly concerned by this kyc situation because lets face it no system can be effective or produce the desired results without some measure of control and management. the real question is what is the level of control that would be instituted , but majority of the people involved are not overly concerned and would comply should that become a reality.
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PhucS
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March 12, 2018, 03:43:35 PM |
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Yes, there are now a lot of ICO projects that require KYC, which causes some inconvenience to some investors because they do not want to provide their information, they want to be anonymous when investing in this market. But I think this is a good thing, KYC will help ICO projects become more transparent, reliable and resistant to economic offenses money laundering.
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francedeni
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March 12, 2018, 03:51:18 PM |
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Yes, there are now a lot of ICO projects that require KYC, which causes some inconvenience to some investors because they do not want to provide their information, they want to be anonymous when investing in this market. But I think this is a good thing, KYC will help ICO projects become more transparent, reliable and resistant to economic offenses money laundering.
Kyc is not killing crypto actually it helps users or investors to know the Ico first before making any decisions. That's one of the good inputs to have kyc most ico these days. Security shoul be verify to all investors for their own good also. |
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salterious
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The revolutionary Export system/One-click Export
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March 12, 2018, 03:59:45 PM |
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Yes, there are now a lot of ICO projects that require KYC, which causes some inconvenience to some investors because they do not want to provide their information, they want to be anonymous when investing in this market. But I think this is a good thing, KYC will help ICO projects become more transparent, reliable and resistant to economic offenses money laundering.
I don't agree with KYC at all and it is one thing to get investors do it, but recently I have heard now this is the case for some bounties too. It is off putting because that certainly how cryptos were when they started, and we certainly owe it to the true nature of crypto to stop this. I won't participate in any KYC in crypto, unless it is to withdraw my funds (even then I believe it is horsecrap). |
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Taulava1505
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March 12, 2018, 05:14:32 PM |
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Not all kyc is annoying but one time I have encounter kyc that full so much info needed from your details,example for bank statement that was crazy,we need privacy about that,not all our info were given in kyc.Most of ico's need kyc is it ok but the other like they want only get your detail and use it from scam others,i received email about that but I didn't click the link
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Sexie
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March 12, 2018, 10:22:03 PM |
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When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
not I got surprised also when somebody asking me if I already been given my kyc ,I thought that was Very important In crypto exchanges. As a beginnere , I did it. Not knowing that they Will take information of yours. By this ,they can just easily trace you of what is your activities in cryptocurrencies. In this matter, if it Will help the government to know everybody who was joining the crypto world, then Its been good for everybody, nothing to hide, when you are in the right side. |
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levvv
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March 13, 2018, 02:25:21 AM |
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Yeah, i agree. bitcoin and cryptocurrency should not proceed with KYC.
it is erasing the value of cryptocurrency it self.
now at currently, there are many ICO's that required KYC to participate.
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alexn3620
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March 24, 2018, 10:29:19 PM |
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Yes, immediately the question of anonymity disappears. You can find a person by his documents, not exactly decentralization.
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Lonsdayl
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March 24, 2018, 10:44:21 PM |
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I totally agree with you. I hate ICO which wants to get ID from investors and bounty hunters. It is easier to buy tokens after listing on exchange than give somebody KYC data.
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dollarneed
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March 24, 2018, 11:04:14 PM |
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When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
Finally, someone making this thread the reason why I'm joining this industry because of the privacy that's all but now seems like we're losing control of our privacy. Satoshi proposed the simplest currency that people can use it freely without uploading document or verification and I just feel so bad for the situation right now. I was joining an ICO I thought why not to buy some coins but it was really bad they need us to pass the KYC before investing. |
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HasHe
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March 24, 2018, 11:12:55 PM |
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Definitely those people who bought bitcoins only for enjoying its anonymous nature would get upset with this KYC move.But instead of using exchanges,we should try to form a group of people who get involved in cryptos and form a telegram group or any other form and deal with those people for all trading activities.
By this way,we could still stay anonymous.
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Qartersa
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March 24, 2018, 11:20:00 PM |
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I agree because there are lots of investors who wanted to put money in Bitcoin not only because their investments in it grows exponentially higher than putting money anywhere else but because of its less hassle way in terms of proper documentation purposes that are regularly required of investors and the heavy taxes imposed on profit-generating assets. This KYC has literally changed the game in Bitcoin in terms of the aforesaid hence we cannot blame investors who opted out already.
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Ranly123
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March 24, 2018, 11:31:28 PM |
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When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
I think kyc makes investors hesitate because of privacy issue. Though some legit programs ask for it, then it is also a much better way to determine a fake and legit project. Kyc really is a two way system which benefit and give a bad impression on new investors. |
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trollercoaster
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March 24, 2018, 11:33:01 PM |
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I guess it is a government requirement to oblige big exchanges to have KYC. I don't think KYC is a bad thing, unless you plan to use your money on evil things. Also, in order to achieve mass adoption, regulation is a must, and KYC is one of the stages to achieve it.
Completely true. KYC keeps many scammers away, it's not killing cryptocurrency market, on the contrary it keeps away scammers and spammers. My take is that if you're not willing to share your information with us, you have something to hide... If you have something to hide in economic matters you can't be trusted. |
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goldexp83
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quarkchain.io
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March 24, 2018, 11:36:14 PM |
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KYC stands for Know Your Customer (not your client)
one of the reason why is becoming more and more needed is for security, think about bad actors and money laundering and so on, how do exchanges can catch the bad guys without some KYC?
I think we believe regulation if we want cryptos to take over the world!
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newdevices
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March 24, 2018, 11:36:57 PM |
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KYC system may indeed be one of the factors that led to the decline in the value of the currency crypto,
because now more and more investors are leaving ico
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ronnis.gomes
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March 24, 2018, 11:40:51 PM |
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Unfortunately KYC has come to stay and I believe that more and more regulations will arise, ending with the privacy of investors, thanks to the greed of mediocre governments
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kier010
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March 25, 2018, 12:24:26 AM |
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many illegal activities are made through exchange sites that don't have kyc even exchange that have kyc. for yourself it is bad to have kyc in exchange sites but on the side of government it useful.
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OuterTech
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Tokenize Fantasy Sports
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March 25, 2018, 12:30:42 AM |
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I think KYC is needed with cryptos and especially ICO projects. If not KYC, some people will use a lot of money to manipulate the crypto, negatively affects the project as well as the cryptocurrencies market. So I think the ICO projects should have KYC for investors to avoid the illegal Token purchasing.
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jayco25
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March 25, 2018, 12:50:10 AM |
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I believed that KYC is killing crypto. a lot of people don't really want KYC for different reason.
1. They are afraid submitting documents because they are thinking how come their identity is safe and not be use by others.
2. People want still anonymous why they are investing money in crypto currencies.
3. A lot of big investors dont like KYC, they dont want buy ICO's that need KYC even the project is promising so its really affects the sales of some ICO'S
#Datarius
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