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Author Topic: Is $25 XLM worth your privacy (identify).  (Read 10143 times)
gabbie2010
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April 07, 2019, 09:01:02 AM
 #241

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.
In addition to giving out $25 XLM by blockchain they disabled one of the most important feature I have been using in their wallet I.e the accessibility and ability to exchange ethereum to bitcoin or BCH vise versa easily without KYC.
This a feature I often enjoyed in most times until recently   however I was surprised that they are requesting for my identities including taking a selfie against the backdrop of my transacting Cryptos anonymously.

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maculeth
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April 09, 2019, 02:38:23 AM
 #242

in my opinion it's okay because getting airdrop is same to not doing anything and only giving kyc (identity) which is not high risk too.

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April 23, 2019, 06:44:29 PM
 #243

I have no problem with it. I think it's for my security. If i face any problems related to my account it will help me to get solution. I already verified my account and got the bonus.

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April 23, 2019, 07:46:25 PM
 #244

for $25, i do not do kyc. the amount is just too small for me, that i give out my data. even if the airdrop is serious and legitimate, the effort is too much for me. but still nice to read that there are still real airdrops.
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April 23, 2019, 07:53:21 PM
 #245

I don't think a very respectful website like blockchain.com will sell our identity to other party. KYC on that site purely to ensure that you are really human and you have no chance to cheat their events by using multiple account to claim Stellar. It's all normal for me, but it doesn't mean I will always join any airdops from other platforms. Only trustful platform!

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April 23, 2019, 08:19:58 PM
 #246

in my opinion it's okay because getting airdrop is same to not doing anything and only giving kyc (identity) which is not high risk too.

but do you know how your data will be used? and $25 are not worth that you data will be wondering all over the internet.

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April 24, 2019, 05:42:28 AM
 #247

Speaking about the ongoing stellar airdrop by blockchain.com which started as a fair one but now requires those interested in the airdrop to pass some KYC procedures, I ask, is it worth it? We complain of Facebook, Google etc of stealing our privacy and possible selling them for profit to other companies and praise blockchain of been decentralized yet we're willing to sell our private details to some centralized organization offering services related to the blockchain technology and we think it's safer? I get it that the bear market has affected numerous newbie that came into the market in 2017 but I ask again is just $25 worth your privacy?

I suspect this moved by them as a deliberate attempt to steal users private details (identify), first they made the airdrop looks so simple and easy thereby deceiving numerous customers into believing they would get free $25 after they have trapped their victim, they then introduce kyc to steal their identity.

For some peoples, yes it is not a big deal to giving the identity information to them.
Maybe because they are urgently need money to their debts.
But from my personal opinion, i think it is not too worth to sell your identity just for $25

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April 24, 2019, 11:12:09 AM
 #248

Speaking about the ongoing stellar airdrop by blockchain.com which started as a fair one but now requires those interested in the airdrop to pass some KYC procedures, I ask, is it worth it? We complain of Facebook, Google etc of stealing our privacy and possible selling them for profit to other companies and praise blockchain of been decentralized yet we're willing to sell our private details to some centralized organization offering services related to the blockchain technology and we think it's safer? I get it that the bear market has affected numerous newbie that came into the market in 2017 but I ask again is just $25 worth your privacy?
Of course $25 isn't worth our privacy/identity! But try look at this from another angle.....
Imagine if this whole process was done without kyc... people would have abused the giveaway because this is open to everyone in the world....which means high competition for the few slots avalaible, so one way to give equal opportunities to all is to use KYC.

I suspect this moved by them as a deliberate attempt to steal users private details (identify), first they made the airdrop looks so simple and easy thereby deceiving numerous customers into believing they would get free $25 after they have trapped their victim, they then introduce kyc to steal their identity.
The thing with bounties,giveaways, airdrops and anything related to freebies is these always attract certain people trying to cheat the system and as far as I know KYC is one of the ways used to try and discourage cheating and  make this a fair process.
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April 24, 2019, 11:38:37 AM
 #249

Speaking about the ongoing stellar airdrop by blockchain.com which started as a fair one but now requires those interested in the airdrop to pass some KYC procedures, I ask, is it worth it? We complain of Facebook, Google etc of stealing our privacy and possible selling them for profit to other companies and praise blockchain of been decentralized yet we're willing to sell our private details to some centralized organization offering services related to the blockchain technology and we think it's safer? I get it that the bear market has affected numerous newbie that came into the market in 2017 but I ask again is just $25 worth your privacy?
Of course $25 isn't worth our privacy/identity! But try look at this from another angle.....
Imagine if this whole process was done without kyc... people would have abused the giveaway because this is open to everyone in the world....which means high competition for the few slots avalaible, so one way to give equal opportunities to all is to use KYC.

I suspect this moved by them as a deliberate attempt to steal users private details (identify), first they made the airdrop looks so simple and easy thereby deceiving numerous customers into believing they would get free $25 after they have trapped their victim, they then introduce kyc to steal their identity.
The thing with bounties,giveaways, airdrops and anything related to freebies is these always attract certain people trying to cheat the system and as far as I know KYC is one of the ways used to try and discourage cheating and  make this a fair process.

KYC will do nothing except temporary obstacles.
Massively - maybe, instead of 1000 multi-accounts, 500 are registered, but the rest can also go through these KYC - the only question is the cost.

By topic: I also participated, but did not want to disclose ID so dont receive XLM =(
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April 24, 2019, 11:44:20 AM
 #250

Each person decides for himself whether or not to pass kyc procedures.. you can use a false identity as an option
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April 24, 2019, 11:47:45 AM
 #251

$25 airdrop is absolutely not worth with our identity. It is different when it comes to exchanges that require KYC for its customers. Ones must submit identity in order to be able to trade and withdrawal in certain amount of cryptocurrencies. Nevertheless, data leaks may possible happens to any exchanges and every system has its weakness so I think it is a consequence for any circumstances. But again, KYC for airdrop worth of $25 is unreasonable.
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April 24, 2019, 11:53:44 AM
 #252

I don't think a very respectful website like blockchain.com will sell our identity to other party. KYC on that site purely to ensure that you are really human and you have no chance to cheat their events by using multiple account to claim Stellar. It's all normal for me, but it doesn't mean I will always join any airdops from other platforms. Only trustful platform!
They don't necessarily have to sell our identity, the only thig hackers need is a leak in the system and all our personal informations all lost. We are talking about a lot of people's identity here and I'm pretty sure hackers will be staying close to this since they could optain a lot of identities they could use for different illegal activities.
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April 24, 2019, 12:10:30 PM
 #253

$25 might not mean much to a lot of folks but some would be ready to take the plunge just to earn that little hoping that their private documents don't get exposed to the prying eyes of hackers
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April 24, 2019, 12:14:19 PM
 #254

Yes, but on the trash air drop we run to give our passports. All very difficult. Who needs these $ 25 can easily take them away. Who does not want can incognito everything is simple.
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April 24, 2019, 12:26:44 PM
 #255

You are paranoid. Do you think that nobody has such informations about you? Come on, google and facebok know more than you can even imagine. So, yes, 25$ is enough to send someone photo of your driver license to a real and regulated company.

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April 24, 2019, 12:38:06 PM
 #256

I wouldn’t give my privacy for just 25$ . At first it wasn’t so but they noticed people are taking it for granted by trying to claim multiple times. This is the reason why kyc was introduced. My fear is just about loss f data to hackers when there is breach or leakage to their system. Now kyc is the order of the day almost everyone wants their your details.

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April 24, 2019, 12:54:15 PM
 #257

Speaking about the ongoing stellar airdrop by blockchain.com which started as a fair one but now requires those interested in the airdrop to pass some KYC procedures, I ask, is it worth it? We complain of Facebook, Google etc of stealing our privacy and possible selling them for profit to other companies and praise blockchain of been decentralized yet we're willing to sell our private details to some centralized organization offering services related to the blockchain technology and we think it's safer? I get it that the bear market has affected numerous newbie that came into the market in 2017 but I ask again is just $25 worth your privacy?

I suspect this moved by them as a deliberate attempt to steal users private details (identify), first they made the airdrop looks so simple and easy thereby deceiving numerous customers into believing they would get free $25 after they have trapped their victim, they then introduce kyc to steal their identity.
If I we're them I'm not hoing to give my identity no one knows what are they going to do with our identity specially it was to cheap 25$ for your identity? how about your security are secured after you gave them your full information specially they didn't accept ordinary ID .
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April 24, 2019, 01:42:30 PM
 #258

The $25 doesn't worth one divulging his identity for , but just like you pointed out, people especially the newbies could be rushing it due to the present market condition.
Though $25 means a lot to some people.

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April 24, 2019, 02:06:29 PM
 #259

Very identity to get $ 25 XLM I think it's not worth it and we don't know what purpose that blockchain uses that information to. I think the crypto market is developed because it has good identity security features compared to using actual banks. So I advise you not to sell personal information for only $ 25 and not clear its intended use.
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April 24, 2019, 02:34:28 PM
 #260

Nobody forces you to go through this procedure, but as I personally consider it a great opportunity to get a top beginner cryptocurrency and start earning money from it, but believe in our personal information on the Internet for a long time.

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