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aioc
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September 14, 2018, 03:59:16 AM |
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I agree with your opinion, some of the reasons why they implement this is because of the so-called compliant issue from a country where they are operating and some frauds just want to acquire your details and this is one of the reason these frauds set up an ICO they will make a profit and they can also acquire your personal details.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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alahmadcoin
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September 14, 2018, 03:59:29 AM |
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may I likewise very befuddled with respect to why this is required. KYC for the framework is hard to comprehend the genuine capacity. This would be very hazardous If this should be possible in light of the fact that the information sent will fall into the wrong hands and at last could be utilized for things that are not proper.
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Ucupers
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September 14, 2018, 04:00:39 AM |
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I think not all ICO use KYC. Use KYC seems to me highly risky because our personal data are given to people we don't know her. You better look for projects that do not use the procedure of KYC. Although the use of KYC, the results of which we can not do much.
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Chom_
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September 14, 2018, 04:01:47 AM |
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I thought it was because of several exchanges, asking for KYC requirements that were sufficient to include crypto tokens there, and honestly I also did not understand, but the exchange asked KYC as a requirement, so that later if a crypto was published there, many transactions would occur
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Sevarchik
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September 14, 2018, 04:02:38 AM |
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Crypto is young for KYC, i think its needed only where available withdraw fund in fiat usd.
In other way its not needed, because: data can be stolen and wrong data can be send for KYC
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Bitcoin_Delivery
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September 14, 2018, 04:04:49 AM |
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To me its not needed because most of the steps may be difficult for so many investors especially those that are new in the crypto-world but most of the makes use of KYC seriously now.
KYC It's not difficult but many people are reluctant to send their personal data. because it can be misused by many people for other things. this data can be research and also resold |
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senopratama
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September 14, 2018, 04:06:33 AM |
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in some policy then this would be an important thing to do because KYC also has a function for security. but from the other side may also be dangerous because of the personal identity necessarily belonging either to be used for what things are also less know. especially when it contains a scam then it will be more dangerous again.
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Lagduf
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September 14, 2018, 04:07:40 AM |
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Crypto is young for KYC, i think its needed only where available withdraw fund in fiat usd.
In other way its not needed, because: data can be stolen and wrong data can be send for KYC
Moreover i hoestly think that only company that is officially licensed and under regulation of a government is allowed to require kyc because otherwise tis can be misused for data grabbing by irresponsible person just imagine your data is gone simply because youre sending kyc to anonymous person |
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Marsyam
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September 14, 2018, 04:09:34 AM |
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There are actually some of the ICO that does not use the KYC and indeed continue to run smoothly and successfully. However, for some ICO, anyone prefer using KYC for system security. Then that way, actually not required an ICO should use KYC.
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Russlenat
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September 14, 2018, 04:35:27 AM |
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I'm against on KYC in crypto but i don't have a choice then but to give what they want in order for me to invest a certain crypto, in exchange and trading sites and ICO bounties but for the airdrops that want kyc i avoid it.
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wong tsu gieh
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September 14, 2018, 04:40:47 AM |
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actually don't always need KYC. because this KYC are only used as security systems only. then there's the obligatory all ICO should use KYC. Many also ICO without KYC which can succeed.
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coinnoma
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September 14, 2018, 11:24:54 AM |
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I think there are several projects in ICO and Bounty in Airdrop that really need your KYC to be made from your identity to be given to them so that they have proof that you are the one who follows and invests in this ICO or Bounty Airdrop Project. I think that is very necessary even though there are some who don't need your KYC to be used as evidence.
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raptorez
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September 14, 2018, 11:27:34 AM |
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Today this is indeed a very sensitive topic, because it affects the anonymity on the network, because in the age of technology and information such personal data as a passport or driver's license is very valuable information for hackers.
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Prosperityforall
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September 14, 2018, 01:01:46 PM |
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I hate KYC process, but i have to follow rules, that's why I don't avoid KYC rules and always pass it wothout any problems.
It is a requirement if you want to be a participant of ico
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Ranly123
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September 14, 2018, 01:06:39 PM |
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Kyc is not necessarily required but with all those people with multiple accounts, project admins tend to use this kyc requirements to minimize this doings. With all these required status in crypto, I find it good to have kyc to avoid scamming.
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heavensuperman
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September 14, 2018, 01:40:49 PM |
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As more and more cryptocurrencies are introduced into the market, governments around the world have become more vigilant in regulating digital currency transactions to prevent money laundering and terrorist financing. This means that all entities engaged in exchanging between virtual and fiat currencies are required to carry out customer due diligence (also known as KYC), monitoring and reporting suspicious transactions.
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rosebit
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September 14, 2018, 01:49:45 PM |
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To me i don't like the idea of KYC because they dint announce it on time they will only bring it very late and if ur not following up to meet up the KYC you will lose ur token its better they announce it early when the bounty was still on so that people can do it at once while doing the bounty.
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kingleo121987
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September 15, 2018, 10:00:54 AM |
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I think that is in dire need, because that is the only way for the success of an ICO project that is being traded, with the presence of participant Kyc already known where they live or the country they live in. |
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shoupengyangguang
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September 15, 2018, 10:09:15 AM |
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This is very contradictory. On the one hand, many countries now ban ICO, so they have to reject investors from these countries through ICO. On the other hand, too cumbersome ICO may disgust some legitimate investors, which may lead them to not Invest in ICO.I personally think that from the concept of cryptocurrency, KYC has actually destroyed the rules of privacy protection.
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adzino
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September 15, 2018, 10:13:16 AM |
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The governments are getting strict day by day. The are strongly regulating the crypto currency field. Thus, the project developers are being forced to follow the rules of the government by collecting the "Know Your Customer" forum so that the government can keep track of the investors when needed. It also helps the ICO to prevent investors from abusing anything. Again there are those scammy ICOs who collects your information and ends up selling those information. Just be careful when handing out your sensitive data.
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