[SUGGESTION] Introduction of KYC To Establish Trust

[harnorno2]

Dear Community,

I have got a suggestion to further establish trust in the community. The administrators can use identity verification to further increase the trust of a respective account. This will also allow the community to determine the level of trust for each individual. I also feel that by establishing this feature, we will also clamp down on the alt accounts, which was known for bounty farming, account selling, etc and other malicious activities.

What do you think? Will this system work? Any pitfalls?

[1715463943]

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[1715463943]

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[jackg]

That doesn't do very much and just opwns the potential for identity fraud.

Also, since Bitcoin is supposed to be anonymous, why would people want others/an admin to know their identity.

Admins DON'T want to get rid of alt accounts, it breaks no forum rules...

[harnorno2]

That doesn't do very much and just opwns the potential for identity fraud.

Also, since Bitcoin is supposed to be anonymous, why would people want others/an admin to know their identity.

Admins DON'T want to get rid of alt accounts, it breaks no forum rules...

Great argument, identity fraud is a serious problem. Probably admins can look into 3rd party identity verification services. I heard there are decentralized ones as well, based on block chain technology.

Make it an option, a lot of people here are readily willing to give away their identity. Just look at those giving away theirs to those ICOs for KYC/AML purposes!

My point is, genuine and trusted users have nothing to hide.

For the ALTs, it has been proven that those who control ALTs are more likely to break forum rules.

[LoyceV]

we will also clamp down on the alt accounts

Alt-accounts aren't the problem, spammers are. And spammers in poor countries will have no problem buying someone else's identity for a dollar.

What do you think?

Luckily, theymos values privacy.

Will this system work?

No. Nobody in their right mind would send a copy of their passport to a forum.

Any pitfalls?

Yes, I'd leave

[pat25]

Dear Community,

I have got a suggestion to further establish trust in the community. The administrators can use identity verification to further increase the trust of a respective account. This will also allow the community to determine the level of trust for each individual. I also feel that by establishing this feature, we will also clamp down on the alt accounts, which was known for bounty farming, account selling, etc and other malicious activities.

What do you think? Will this system work? Any pitfalls?

I do not think that administrators have a time to do this job.
Bitcoin is pseudo-anonymous, so why do not you like pseudonymity here?

[meherethere]

As an optional thing I can't really see a problem with it, not keen on it being mandatory or if people start devaluing the posts of those that don't verify their identities.

[puzzling_rvat]

Hi man, before starting speaking about something, please do one simple thing.

In Meta thread, in the right upper corner write: "KYC" and press search!

After read several threads about it you will realize that you made this post only for spamming. To make your life easier I give you only one link to answer for your offer - https://bitcointalk.org/index.php?topic=3097811.msg32026584#msg32026584

Please  think, read and only then write!

Best regards!

[harnorno2]

What I am suggesting is totally optional for those who want to increase their influence in this forum. By doing this, we can open up a lot of possibilities especially for bounty managers - adding an additional layer of filter for those participating in the bounty programs.

Trades can also be done in a more trustful manner.

As for the execution, admins can seek the help of 3rd party identity verification service so that no personal information will be kept on this platform. Just throwing a curve ball here!

[coinlocket$]

Alt-accounts aren't the problem, spammers are. And spammers in poor countries will have no problem buying someone else's identity for a dollar.

Alts account are a big problem but you right they can buy identity. This is why, now that we have merit system we should limit some areas to member+.

My investigations on last 2 weeks

• 1 man, 100 accounts NEED DT abusing signature/ facebook bounties
• 19 ACCOUNTS/alts signature abusers + 1460 accounts for airdrop, Need DT
• Another huge scammer 612 Accounts 50k$
• THE SCAMMER Guinness world record on bitcointalk 1 man 1000 accounts 150k+ usd!  

[Alone055]

Not all of us are bounty hunters and are here to get tokens from various new projects launched every week. So we don't really need to identify ourselves for just coming to the forum for learning or discussing things about Bitcoin or any other cryptocurrency that we are interested in.

[LoyceV]

What I am suggesting is totally optional for those who want to increase their influence in this forum. By doing this, we can open up a lot of possibilities especially for bounty managers - adding an additional layer of filter for those participating in the bounty programs.

That's up to the bounty managers, not the forum. Or ultimately it's up to the ICO. You may be interested in this article. It offers a way to verify your unique identity with crypto, without sharing your full details with all parties.

Alts account are a big problem but you right they can buy identity.

You're right. I was thinking about my own alt accounts. I don't consider them to be a problem, but the massive account farmers are a problem of course.

[stompix]

Will this system work?

No!

Any pitfalls?

Hundreds of them.

First, a guy that wants to scam won't be stopped by an ID check.
You can buy those, you can ask homeless people for them and with 5$ you got a new identity.

Just because you know the name of a person and his address it doesn't mean you can trust them.
Everybody knew who was behind BFL, HashFast, Kncminer, did that help? No.
Bitconnect, with all those "celebrities" coming in public and shilling for it?
And the list is damn long, TF was a trusted member here, escrow.ms even more and he got arrested, and many many more.

A simple ID won't stop people when there are thousands of dollars on the table or even millions.

[athanz88]

Not only it would decrease the number of alt-accounts, but almost all people would have leave this forum if administrator apply KYC in the registration form. Privation matters in this cryptocurrency world. On top of that, majority of old people here agree that alt account is not a problem, in fact, there are many high ranked members have alt accounts. The problem is when the alt account is associated spammer, it create a lor of problem and it is hard to get rid of, as you can see of now.

[Quickseller]

The forum has been hacked a couple of times in the past, including once in which IP information and email addresses were leaked. Do you want the possibility that your KYC documents are made public?

[OgNasty]

The forum has been hacked a couple of times in the past, including once in which IP information and email addresses were leaked. Do you want the possibility that your KYC documents are made public?

Good point.  I also hope for those of us who have provided KYC information, that this information is stored offline.

[Quickseller]

The forum has been hacked a couple of times in the past, including once in which IP information and email addresses were leaked. Do you want the possibility that your KYC documents are made public?

Good point.  I also hope for those of us who have provided KYC information, that this information is stored offline.

I believe that information was collected to allow theymos to generate 1099s for payments sent. There isn’t any reason to keep this online and certainly no reason to keep it on public facing forum servers.

[vit05]

This does not make any sense. It's something that would end one of encryption goals. The right to be anonymous.

The solution to the problems in the forum goes far from turning this into a Facebook. The solution should be using programming, statistics and encryption.

Even if we remove the signatures we would still have thousands of farm accounts. Only instead of promoting signatures, they would do just as they do on reddit and facebook. They would have thousands of shill accounts. BTW Satoshi would never be able to use the forum with that rule.

[jackg]

The forum has been hacked a couple of times in the past, including once in which IP information and email addresses were leaked. Do you want the possibility that your KYC documents are made public?

Good point.  I also hope for those of us who have provided KYC information, that this information is stored offline.

I believe that information was collected to allow theymos to generate 1099s for payments sent. There isn’t any reason to keep this online and certainly no reason to keep it on public facing forum servers.

I mean you're now putting everything on how much you trust theymos. I like the guy, wouldn't say I'd trust him with my full identity though, and the identity of several hundred people.

It will also have touched the Internet at some point and if the data is stored offline even, stuff can't always truly be deleted from drives.

What's theymos' identity, what's Cyrus', what's hilariousandcos? We don't know and we don't need to know.

That doesn't do very much and just opwns the potential for identity fraud.

Also, since Bitcoin is supposed to be anonymous, why would people want others/an admin to know their identity.

Admins DON'T want to get rid of alt accounts, it breaks no forum rules...

Great argument, identity fraud is a serious problem. Probably admins can look into 3rd party identity verification services. I heard there are decentralized ones as well, based on block chain technology.

Make it an option, a lot of people here are readily willing to give away their identity. Just look at those giving away theirs to those ICOs for KYC/AML purposes!

My point is, genuine and trusted users have nothing to hide.

For the ALTs, it has been proven that those who control ALTs are more likely to break forum rules.

I probably have something on here that I wouldn't want relating directly to me, something somewhere...

I have a few alts (none have posted in a year or two, not even sure I still own them all)... But, everyone has one or two alts even if you generate them for specific things (a fresh start maybe).

[LTU_btc]

theymos already answered question about KYC on Bitcointalk:

I'll get right on that, just as soon as hell freezes over.

And even if we would have KYC, I don't believe that it would help to solve problems mentioned in OP completely. It's not difficult to get fake documents for verification. Well, maybe if someone have 100 forum accounts, then it's more complicated situation for him.
It's a good point by Quickseller that Bitcointalk forum has been hacked several times in past. What if it would happen again. There would be risk that our KYC documents can be stolen and sold on black market for example.

[digaran]

You want to KYC DT members just to take away their chance at having multiple alt accounts on DT list? go away.