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Question: would you give your fingerprint or eye scan for a fair money supply?
yes - 16 (39%)
no - 25 (61%)
Total Voters: 41

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Author Topic: would you give your fingerprint or eye scan for a fair money supply?  (Read 780 times)
sana54210
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June 17, 2019, 08:05:03 AM
 #101

I am creating a money supply which distributes duration to addresses but need a way to verify each person has only one account

would you give your fingerprint or eye scan for a fair money supply?

see https://en.wikipedia.org/wiki/Time-based_currency
unlikely I'm a big fan of decentralization, and all my information are mine and mine alone I cannot even prove that you'll have a project that will have a potential in the future, the worse thing is, you have one of my information and I have your tokens which have no value at all only a promise coming from you that it will soon have a value.
LOL, this is the best way to really handle some of these projects developers that are feeling like they do investors or hunter favor with their projects and still demand for unnecessary document from them to the extent of imposing it. People are still fighting KYC so hard and scared of it being used against them by fraudsters and terrorist, why would any project now go to the extent of demanding for finger print which is the worst of it all.

Just has you have mentioned, why would I also do that for a token without value, even if they are paying me so much to do so, such project must really proof to me why it is so important for it to have access to such vital information.

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June 18, 2019, 05:28:09 PM
 #102

I am creating a money supply which distributes duration to addresses but need a way to verify each person has only one account

would you give your fingerprint or eye scan for a fair money supply?

see https://en.wikipedia.org/wiki/Time-based_currency

I would not do that because you are not a company or even compliant with any government, if you can show us that you are a legit company and very much compliant and guarantee that our information will not be solved to a third party, why not but if you cannot show us then I have to decline.

No, I won't. We have the same answer on this one. Are you going to trust an unknown person from the net with your identity? Fingerprint or eye scan is all you have if all your material possessions are gone. And you are going to risk the only identity you have? I don't think so. He can say all the good things to his creation, but who are going to assess its value? There's no guarantee that it will even hit the market, but wait, you already sent your identity to him... Opppssss
Not only that, we do not really need a currency that promises us to offer a fair money supply when we already have bitcoin that offer that to us, in a way the coin that he is proposing runs contrary to what bitcoin is trying to achieve, a currency that only allows you to have one address and that requires such an extreme form of KYC means that the creator of such coin will know not only every transaction that ever happened but he will also know who was responsible for such transaction, so such coin offers nothing that bitcoin does not already offer with the added advantage that you do not need to supply any information to open a bitcoin wallet and have as many addresses as you want.



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June 18, 2019, 06:19:57 PM
 #103

I would not give my details. Personally, I do not like. I don’t like to transfer data in the 21st century. It is not safe. I think many people will agree with me.

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June 18, 2019, 06:59:30 PM
 #104

I will, only if it's a legit scheme or organization in charge of such program, this is not the first time most of us are giving out our personal details in the crypto space and outside the crypto space but one thing we all must consider is to always do a depth research about such agency before submitting our personal details. There's hardly any piravcy in anything we do online but if an organisation promise 100% privacy of our data and we later find out our details are used for other things without our consent then we can take things up against that organisation. Which why it's important we know about the organisation we're submitting our details to.

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June 19, 2019, 03:27:50 AM
 #105

I am creating a money supply which distributes duration to addresses but need a way to verify each person has only one account

would you give your fingerprint or eye scan for a fair money supply?

see https://en.wikipedia.org/wiki/Time-based_currency
No, I never did that even if the reward was $ 50 or $ 100. For me, I was afraid that my personal information would be sent everywhere and bad people would use my information to do bad things.
I don't want my future to be in jail. Sorry for not being able to help you.

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June 19, 2019, 05:23:08 AM
 #106

Shouldn't it depend on the money? I mean we all know we are talking about a potential ICO here with the information given with the funding and in return we are getting a certain amount of money most likely not enough to worth it. However if we are going to just assume any amount then I am sure we can find a right amount.

Some people would be willing to give their information for 1000 dollars, some people would be willing to do it for 50 thousand dollars, some may request a lot more, maybe we need a monthly thing or maybe we need one time big thing.

Basically I am sure you can find people that will accept it for a certain amount, its just the question of how much. I am sure if this idea turned out to be real and you did it for 50 thousand dollars per person you can find thousands of people sending their ID easily. However, if you ask them they will say no while if you offer them they will say yes.
You sound like you can easily sell out your birth right for money. There are so many things that one really needs to guide against and everything should really not be about money. Damaged reputation is too difficult to regain when being lost than to regain money, and no matter the money you get, it will not stay for life.

You talked about potential ICO, what is the guarantee you really have that the ICO in question really has the potential, have you not seen lots of ICOs in the past that you believed to be potential, and yet turn out to be a shitcoins later in future?So KYC should not be about the money, but we need to be sure it will not cost damage to our reputation.

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June 19, 2019, 09:10:19 AM
 #107

We absolutely should not surrender valuable personal information such as this. I am glad that many on here seem to share my opinion that personal data is valuable and should not just be handed out for free. If a company wanted my fingerprint or eye scan, how could I trust them not to sell this data on to a third party?

Personal data is a huge and lucrative market, and there is a lot of money changing hands as information is passed to advertisers and more nefarious parties. Even if the company has genuine noble aims, there is always that incentive to sell the data, and even if they don't there is the possibility of hacking once it's known that a company holds vast tranches of this data. Information such as this really is digital gold. Everyone wants some, and you shouldn't give it away or allow it to become vulnerable to theft.

Your personal data is yours and should remain yours. Guard it well.

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June 20, 2019, 03:16:11 PM
 #108

It is dependent on how you would treat my data. How safe it would be ?

Recently i joined a gym and the gym had a fingerprint scanner and was used for opening the doors there, I did not feel comfortable with that. I would rather not give out my fingerprint to random organization.

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June 20, 2019, 09:03:49 PM
 #109

I would not give my details. Personally, I do not like. I don’t like to transfer data in the 21st century. It is not safe. I think many people will agree with me.

I do not care much about these things, although, here some guys say negatively about fingerprints. In the USA, all people leave their fingerprints in a base and take it easy. If something like this is needed, I'll agree.

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