kogozer714
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January 27, 2019, 05:48:08 AM |
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In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
I agree with your opinion with KYC to reduce the impact of fraud, but all can be manipulated by borrowing identity to do KYC which is a very complicated problem. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Barabulya
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January 27, 2019, 06:05:27 AM |
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I am sure that the regulation of cryptocurrency will give impetus to further price growth. And for anonymous use there will always be a couple of projects created specifically for this purpose.
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Mpamaegbu
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Once a man, twice a child!
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January 27, 2019, 06:28:20 AM |
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actually these two aren't really connected to each other and they are not two opposite sides! and the funnier part is that most people who debate these things are not exactly debating over these two topics. for example a lot of those who are talking about regulations are are for it, are like that because they think regulations will shoot up the price or eliminate scams not knowing that regulation doesn't do either one of these things! and those who are against it are like that because they think if some exchange was regulated then their anonymity is at risk! whereas it is not true at all. they already don't have any anonymity when they use a centralized exchange whether it is regulated or not.
This is true, however sad it sounds. It's a misconception on the part of the debaters. But I think the part of regulation that is needed (and compulsorily too) is the ICOs, not the cryptos themselves. Regulation in ICOs will help eliminate scam projects. |
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South Park
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January 30, 2019, 04:13:17 PM |
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Even if it is fully regulated, scammer would still think of ways to exploit the system, I think we shouldn't go for regulation because people are getting wiser and know to stay away from scams.
Regulations may seem to be targeted at scammers but most of the time that is not the case, regulations are aimed against the average person, just look at the fact that now you are required to pass KYC before investing in most icos, the developers of the icos can still create their projects without revealing their identities but now an investor not only needs to give them their money but access to private information that is arguably even more valuable, those regulations were obviously created not to stop scammers but to find out who is holding a fortune in cryptocurrencies. |
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adekogbe
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February 19, 2019, 02:45:13 AM |
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It is possible for both anonymity and regulations to exist side by side going forward in the crypto world
Anonymity is one of the fundamental ideals of cryptocurrencies and blockchain technology and taking that away all supporting it in any means will not only render the blockchain technology useless but also mean that people will be less likely to adopt cryptocurrencies.
Regulations on the other hand is equally as important because this will protect the newbies in the crypto space from avoidable scams.
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elenka n
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February 19, 2019, 01:06:18 PM |
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KYC also does not solve all the problems, and in the case of fraudulent projects, quite the contrary, they create problems of distrust!
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Dobby070
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www.codex.one
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February 19, 2019, 01:20:15 PM |
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These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
Basically, bitcoin, which is considered as the best crypto ever works with anonymity. Particularly, when it was launched 10 years ago, And because of that, we have no reason to not choose being anonymous. |
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shad_ow90
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dApps Development Automation Platform
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February 19, 2019, 02:46:22 PM |
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These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
No, I don't agree with your opinion, blockchain is basically public and eveything all is public. If it is designed again and become to be private, it will be not blockchain anymore |
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hell_slayer
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February 19, 2019, 03:10:24 PM |
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I wish crypto were anonymous , because it is one of the few places where we are not controlled by the government. Of course, there are many scammers here, but KYC is not a panacea, and I am also convinced that with the help of smart contracts you can create an exchange / trade system where fraud will not be possible.
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djuragan
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February 19, 2019, 03:13:55 PM |
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These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
What i wanted would be, Regulation should be applied on any new created project to protect everyone from being scammed. And for the investors/coin holder, just keep them in an Anonym parts of this crypto world. |
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Ucy
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February 19, 2019, 03:18:49 PM |
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I disagree that full kyc will eliminate scams.
Many desperate scammers will still get KYCed... They will pay to have fake documents while those who dont believe in kyc and dont want to break the law will be leave
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Anatolich
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February 19, 2019, 03:20:31 PM |
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All you need is to protect your users from fraud with all your might. And what is needed for this is what should be chosen. Anonymous in this century to be unreal.
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bittick
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February 19, 2019, 03:49:43 PM |
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I disagree that full kyc will eliminate scams.
Many desperate scammers will still get KYCed... They will pay to have fake documents while those who dont believe in kyc and dont want to break the law will be leave
But some of scammers are abusing KYC of the participants by creating a scam platform. I have seen someone has already posted about there was a lot of KYC that being sell on the deepweb. We need a light regulation this to prevent the scammer. |
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trash321
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February 19, 2019, 04:03:31 PM |
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Regulation to some extent is necessary for the market, because the market is already beginning to receive serious money, you see that prices have started to rise and the market is already seriously starting to move upwards. Let's see what happens next, but now I think we need regulation.
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Mianae
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February 19, 2019, 04:08:40 PM |
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Regulations will give people more confidence about crypto sphere thereby bringing 8n new money but the reason for the creation of cryptocurrency is for anonymity and ease of transaction coupled with freedom of spending money without being monitored.
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wendiar19
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February 19, 2019, 04:11:00 PM |
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Regulation to some extent is necessary for the market, because the market is already beginning to receive serious money, you see that prices have started to rise and the market is already seriously starting to move upwards. Let's see what happens next, but now I think we need regulation.
exchange places usually provide very clear regulations and really really pay attention to the trade, there are still some countries that do not provide regulations on the use of cryptocurrency, |
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gowobonyok
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February 23, 2019, 01:54:54 AM |
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yes, indeed kyc serves to reduce scams by several people using multiple accounts. but if the process is difficult, it will make a project lonely. it must also be considered.
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Perie200
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February 23, 2019, 03:45:47 AM |
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These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
My attitude to the verification of the identity is positive. The question is, how will my documents be protected and where are the guarantees that they will not fall into the hands of scammers? |
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juchin
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Join @Bountycloud for the best bounties!
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February 24, 2019, 05:25:51 AM |
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These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
That is two poles of this market and they will survive together. In the future, there may be a new form combine both |
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futuristishe
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February 24, 2019, 06:29:06 AM |
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If the anonymity is removed and the market is settled, then there will be no such mad races. However, the market will be very stable, and able to make a profit.
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