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Author Topic: Is $25 XLM worth your privacy (identify).  (Read 10141 times)
sadmaster
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April 06, 2019, 09:49:02 PM
 #221

I think giving your own privacy for 25$ is not worth it. You could not know where they will they put or what will they gonna do with it. It's too risky giving out classified information to people you don't even know. Aside that, there are many ways to earn money using the block chain but doing KYC its a big no for me.

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April 06, 2019, 10:12:56 PM
 #222

I believe people giving up their identity for such a tiny bit of money must have a die need for that amount as at that time but for it's a No No, my identity is too precious for such a tiny drop

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April 06, 2019, 10:18:49 PM
 #223

Blockchain.com is a big site, so in my opinion your personal data will remain safe and always privacy. If indeed they really sell, then you can prosecute it legally, because this site has a center and transparency of the company.
KYC is intended to reduce the level of fraud that exists, such as manipulating data to get money from airdrop
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April 06, 2019, 10:26:36 PM
 #224

I think that many people trust this wallet for this, they are ready to go through identification in order to get free coins. They don’t see any risk in that.
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April 06, 2019, 10:32:24 PM
 #225

The $25 XLM Airdrop in blockchain.com is one of the marketing strategy for Stellar itself but also it can help the mass adoption of cryptocurrency if more new people participate on that Airdrop though it is not a big amount to give your identity but the intention is good for crypto industry.
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April 06, 2019, 10:47:08 PM
 #226

I only see that the blockchain wallet is still safe, so there's nothing wrong if we verify the wallet to save assets like we did in some wallets / markets that require us to do KYC to do WD so we will do it without problems to get $ 25 but all for convenience or service on the platform, but if the blockchain does something that endangers us all, trust in the wallet will be greatly reduced and of course we leave it.



 

 

 

 

 

 


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April 06, 2019, 11:08:05 PM
 #227

each team or developer must always notify all potential participants that they must verify the KYC from the start, not after everyone has worked hard and then says that each participant is required to verify KYC, it seems compelling and does not give the chosen participant.
and because the Airdrop held by Stellar from the beginning did tell such conditions then I thought it was feasible and even this was not a problem at all because actually this is a simple case because we can choose to follow Airdrop or not after knowing the requirements

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April 06, 2019, 11:27:51 PM
 #228

There are some countries that will join here even it costs their private information because maybe they are in need of money.

In my opinion, I don't think my identity costs only 25$. Not even 100 or 1000$. I don't want to give my personal information to some random people out there for tokens even XLM is a good coin for me.

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April 06, 2019, 11:30:21 PM
 #229

it really depends on everyone's perception because there are people who think that $ 25 is a large number and some think it is a very small number, some really want to protect their privacy and some don't really care about that and my answer to this question is "not worth it"

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minersday
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April 06, 2019, 11:37:14 PM
 #230

$25 worth of XLM is not worth providing your identity document.  Considering the rate at which crypto platforms are being hacked, why will you allow yourself for your identity details to be bought at $25 ? This KYC thing is just not necessary for small amount of money. KYC should be done by people who are either buying huge amount of cryptocurrency or selling huge amount of it.
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April 07, 2019, 02:29:04 AM
 #231

airdrop xlm at that time was pretty good because it really paid when the market was falling. but, yes indeed with a value of $ 25 and required you don't feel fair. because we give our identity but with little reward.
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April 07, 2019, 03:49:50 AM
 #232

it really depends on everyone's perception because there are people who think that $ 25 is a large number and some think it is a very small number, some really want to protect their privacy and some don't really care about that and my answer to this question is "not worth it"
You are not right, in my local, $25 isn't a small amount. Many have done this for $25 and got the rewards too. But, if someone offers me more than $25 or even more than $2500, I would not have a look because my privacy is important than any monetary value. The same goes for other people too living in a country where $25 is nothing big.
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April 07, 2019, 05:24:59 AM
 #233

$25 worth of XLM is not worth providing your identity document.  Considering the rate at which crypto platforms are being hacked, why will you allow yourself for your identity details to be bought at $25 ? This KYC thing is just not necessary for small amount of money. KYC should be done by people who are either buying huge amount of cryptocurrency or selling huge amount of it.
It is clearly that the answer should be depended on each case. If someone who have total income per day just $10, why they should not do KYC and get $25?
However, it turns out to be different if someone have daily income around $50 or $100, it is obviously that they should not do KYC and get $25.
Especially, if someone who already have big crypto fortune, they should never do KYC and get $25. It is so risksy for them.

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April 07, 2019, 05:40:37 AM
 #234

Lol never thought of myself selling my privacy for any amount and what more if that cheap 25$? No way mate ,i will only give my privacy for a certain situation that it needs to have my personal things.

For example:

KYC is for my bounty,then why would i deny mine if from the start when i decide join is KYC already required ,or for some sites that i wanna be part and needed a KYC
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April 07, 2019, 06:05:25 AM
 #235

Lol never thought of myself selling my privacy for any amount and what more if that cheap 25$? No way mate ,i will only give my privacy for a certain situation that it needs to have my personal things.

For example:

KYC is for my bounty,then why would i deny mine if from the start when i decide join is KYC already required ,or for some sites that i wanna be part and needed a KYC
Exactly. I have a same approach like yours. I only do my KYC in un-rejectable situations, on exchanges, big and good long history exchanges.
Doing KYCs for bounties, or airdrops on small exchanges, no I don't have intention to do that for now and might be never have intention to do that in the future, if I won't get bankcrupted.  Cheesy

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April 07, 2019, 07:06:01 AM
 #236

Lol never thought of myself selling my privacy for any amount and what more if that cheap 25$? No way mate ,i will only give my privacy for a certain situation that it needs to have my personal things.
I used to think so too. But now I realized that I was missing a lot of good bounty campaigns because of this. I don’t think projects need our KYC, they just want to protect themselves.
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April 07, 2019, 07:43:49 AM
 #237

Personal identity is more valuable compare to 25$, this is the ideal answer to your question.
But if we talk about why other people are still joining and completing the KYC for this small amount as a reward.

We cannot judge them as there are many reasons also why most of the people didn't care whether their privacy was stolen as long as they will earn.
Many are desperate to earn in order to fulfill their goals and for many other reasons. But if you are not in serious trouble of money then 25$ worth of airdrop is not a good idea to be part with in exchange with your privacy.

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April 07, 2019, 08:05:13 AM
 #238

it really depends on everyone's perception because there are people who think that $ 25 is a large number and some think it is a very small number, some really want to protect their privacy and some don't really care about that and my answer to this question is "not worth it"
It's really depends on individual, someone daily income more than $100 and won't look for this small money plus give their document to third party, but some of them really think it's worth to get because airdrop event is from a large company, maybe they thought their document and personal information will remain safe in the platform.
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April 07, 2019, 08:30:32 AM
 #239

I've reached the point where I accept the government wants to know about all of my profits, so I have the mindset that I have nothing to hide. As long as the company requesting information from me is reputable, I am OK with that. If I truly wanted privacy, I'd be investing in Monero, Zcash, or BEAM. Anonymity will always be around for those who want it.
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April 07, 2019, 08:38:21 AM
 #240

It does only makes sense in developed nations, where governments managed tax collected from citizens well, and there have good social services for their locals when they got troubles with their lives.
It does not make sensen in some developing nations, where corruptions occur everywhere, and tax collected don't be used appropriate to support locals and their troubles.
I've reached the point where I accept the government wants to know about all of my profits, so I have the mindset that I have nothing to hide. As long as the company requesting information from me is reputable, I am OK with that. If I truly wanted privacy, I'd be investing in Monero, Zcash, or BEAM. Anonymity will always be around for those who want it.
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