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Author Topic: What was your feeling about KYC verification? Share your honest review.  (Read 493 times)
The Cryptovator (OP)
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April 03, 2019, 05:00:24 AM
 #1

Just want to know what was your feeling when you have seen forum asking for KYC verification? Let's share your honest review.

My review:
I was surprised when I have seen forum asking for KYC verification. I can't realized that it was April fool. I was wondering why forum asking for KYC since admin was strongly against of KYC especially for forum? Then instantly I have visited Meta section. I thought there should be announcement if need KYC. Once I read KYC thread then I realized that it was April fool Grin.

What was your feeling?

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April 03, 2019, 05:20:48 AM
Last edit: April 03, 2019, 05:54:28 AM by tbct_mt2
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 #2

Really? Did you get the theymos' thoughts that he is against forum KYCs?
admin was strongly against of KYC especially for forum
My feelings:
The latest April Fool stimulates my expectation on 2FA to secure account in the forum.
We have had other methods to secure account here, such as Staking bitcoin address. However, such 2FA listed in the roadmap of the Epochtalk forum, that has not been launched, and still been in the testing phase.
KYC only makes sense if it relates to 2FA. In my envision, the security steps in the forum (this one) or potentially coming Epochtalk should be:
- Password & registered email
- Staking bitcoin address
- 2FA
- KYC.
Four options to secure accounts, and three of four are the same as we have on exchanges.
Only the Staking bitcoin address is a unique option to secure account, totally different from exchanges.

It means KYC is the last one in the security hyerarchy, and it is an optional security method.
Someone who have demands to secure their account at the highest level, let's do their KYCs.
Someone who don't have such demands, they simply skip KYCs.

Some minus points are:
- The forum is not a company, so it should not be responsible for users KYC with valuable personal information.
- The forum, so far, is likely a community-driven forum with community-managed mechanisms like Trust system. Someone might argue that important decisions made by admin, it is right, but in general it is very closely to community-managed forum.
- If KYCs implemented, who will be responsible for such KYC verification works? Admin might need to hire lots of staffs to do this, and need both digital sources to store and secure those IDs.
- The forum, at start and by now, is non-profitable forum, hence it does not have reasons to get stucked with KYCs.


In a summary, I don't believe KYCs will be implemented, but 2FA will do be implemented.

 
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April 03, 2019, 05:38:22 AM
 #3

My reaction was pretty much meh. Besides Theymos seeming to be against KYC, Theymos did a April Fools gag last year, so I thought Theymos would surely do another gag this year; not to mention there was a thread here in the Meta section about what April Fools gags/pranks would be funny to see.

Had a good laugh seeing people who actually posted their real-life photos on the KYC now required thread though. LOL

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April 03, 2019, 05:53:27 AM
 #4

Well, I certainly had fun with it. Grin Best April Fools' joke ever!

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April 03, 2019, 06:02:14 AM
Last edit: April 03, 2019, 06:38:06 AM by YOSHIE
 #5

Your question, trapping, every member is honest or not, @theymos, doesn't care about it, jokes, April is stupid.
I am sure that 20% are honest with KYC April 1, others are brutal.

KYC, basically is the principle that is applied to know the background and identity of a person.
KYC will usually request a scan of their user ID card along with other data to verify the validity of the user's identity.

You see the jokes that were applied to April 1 KYC.
1. Romantic couples of the past and present. Joke.
2. Your current coordinates are precisely detected as: directly register register number, Joke.
3. Name your first pet: Joke.
4. Please state all your crimes (at least 1): jokes
5. Gender: Helli computer, airplane, sex two, joke.

But there are also friends asking me about credit cards, so I made a topic: https://bitcointalk.org/index.php?topic=5127001.msg50412290#msg50412290
But I answered it was a joke, like you put a flag on an ivory tower.
KYC, no need here,
Suppose: Forum needs KYC, from the first time you register for an account, your have requested KYC. stupid joke.

R


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April 03, 2019, 08:17:11 AM
 #6

Every year the April fools' day surprises from theymos are getting better and better.
I wonder what will be the next year, should be something bigger somehow to overcome this year KYC event.
I'm sure he is clever enough to come again with brilliant idea.

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April 03, 2019, 08:20:47 AM
 #7

I have been verified on many sites so it's not a problem but the main issue on bitcointalk is that the account can easily be hacked and another person can get hold of our details which is more dangerous. Plus it's a forum where KYC doesn't make sense as even KYC verified members can be scammers.

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April 03, 2019, 08:26:30 AM
 #8

Simple, I was packing my bags already.

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April 03, 2019, 08:53:37 AM
 #9

Really i am very upset when show bitcointalk forum KYC required ......
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April 03, 2019, 09:04:58 AM
 #10

Just want to know what was your feeling when you have seen forum asking for KYC verification? Let's share your honest review.
The discussion on this issue has escalated at least a week before April 1. Therefore, I am sure that users who remember at least last year’s fool were awaiting such news. I think this phrase definitely dispelled any doubts.
Additionally, you can get extra-verified by posting a selfie in this thread.

However, such 2FA listed in the roadmap of the Epochtalk forum, that has not been launched, and still been in the testing phase.
In addition to the usual types of authentication, the document "Central philosophy" also provided support for OpenID, PGP, OpenVPN, automatic creation of subnets + IP source verification and Bitcoin signature (so on).

It means KYC is the last one in the security hyerarchy, and it is an optional security method.
Someone who have demands to secure their account at the highest level, let's do their KYCs.
Talking about KYC would make sense if the administration would act as an intermediary in transactions between users. Moreover, the requested data clearly violates the user's right to privacy. In any case, this is not only unlikely, but also impossible. And for the current needs of this version of the forum, there are enough already implemented restrictions and security features.

As an alternative, a limit of merits has been added for new accounts. There are also restrictions for posting messages. (This happens when the user's IP address matches the temperature of all the subnets containing this IP address, the address is removed from the white list, a fixed fee automatically returns IP to the white list). Roll Eyes

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April 03, 2019, 09:26:29 AM
 #11

If you have already known about Theymos instance on KYC, I guess this is worst joke Theymos can think of. Specially user created so many April fool's topic here even if Theymos has posted any new implementation on that day, it will be taken as joke .
Anyway that red lines were distracting while using the forum so I just submitted it.

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April 03, 2019, 10:03:33 AM
 #12

I'm expecting that one so I think I'm just watching normal people to react on that.

Its funny to see those users who are fall on this trick and someone are too obvious and feel the guilt which they can't control their emotion. Some are making their own thread about the objection on the current April fools, I guess they really have to protect their identity or else they will be into big trouble.

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April 03, 2019, 10:23:56 AM
Last edit: April 03, 2019, 01:25:50 PM by khaled0111
 #13

In my opinion KYC is feeling it good for the future and it helps us in coming generations. The technologies are growing faster so we have to change our selves for better future..
Really!! Roll Eyes you joined the wrong forum then.

I was awaiting for the first of April and was expecting that Theymos will try to fool us. What amazed me is the number of members hwo submitted their real pictures!

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April 03, 2019, 10:24:06 AM
 #14

My felling seeing the topic was that social media and websites like Facebook has made some people do not care enough about privacy. If you ask, people would give all their information. And mostly of time for free.

And it made me remember the topic from Mike asking for people to giving their real name. So this way Bitcoin would not looking as a project to help criminals. It was a stupid topic. Although I do not have real problem giving my real name, you shouldn't be seeing as a criminal if you want to just preserve your identity and RL.

As the great philosopher George Constanza, once say, the world's should not collide.
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April 03, 2019, 10:58:12 AM
 #15

Just want to know what was your feeling when you have seen forum asking for KYC verification? Let's share your honest review.

My review:
I was surprised when I have seen forum asking for KYC verification. I can't realized that it was April fool. I was wondering why forum asking for KYC since admin was strongly against of KYC especially for forum? Then instantly I have visited Meta section. I thought there should be announcement if need KYC. Once I read KYC thread then I realized that it was April fool Grin.

What was your feeling?
I was guessing that Bitcoin Forum will give some BTC after KYC lol  Grin
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April 03, 2019, 11:23:23 AM
 #16

I thought it was very much FUN.... only miner point, I saw all those cool verified titles .....

BUT F*** MY forum status



^
hope their is no silence truth in there Roll Eyes

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April 03, 2019, 11:50:15 AM
 #17

I started laughing as soon as I saw it. I've been around for years so I know that Theymos comes up with something good every year.
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April 03, 2019, 12:03:34 PM
 #18

The latest April Fool stimulates my expectation on 2FA to secure account in the forum.
I know account hacking is a big problem here, but I think 2FA is going a bit overboard unless it's optional.  Staking an address ought to be sufficient for account recovery if need be IMO.  All of the security features on Binance, which I've been using more of lately, have soured me on all of the steps necessary just to do simple things.  2FA is active by default, and I think I'm going to disable it.

What was my feeling about the KYC thing on bitcointalk?  Well, I've been here a few years so I was expecting an April fools day joke.  Plus I've read Theymos's quote about implementing KYC only when hell freezes over and thus knew that was part of the joke. 

Depending on what kind of information was required, I probably would dox myself in order to remain a member here.  But there's no way any discussion forum anywhere on the internet needs to have anyone's personal data.  To my understanding, financial institutions are the only entities that need KYC protocols, and they probably wouldn't even bother with them if they weren't legally required to.  It's to prevent financial fraud and other criminal activity, and obviously bitcointalk would have no need for that data unless it was going to sell it to spammers, advertisers, and whatnot, and Theymos isn't going to do that (I hope).

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April 03, 2019, 12:12:30 PM
 #19

I was kinda disappointed Sad I tried hard to make something fun out of the KYC-form, hoping it would be used somewhere later on. But it wasn't, so too bad.

Kudos to theymos though for thinking this through, and protecting naive users against themselves Smiley

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bL4nkcode
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April 03, 2019, 01:02:52 PM
 #20

Actually, I was shocked when I saw the red text when I first browse the forum that day so I eventually get my glasses to read the text and I started laughing when I saw the KYC thing.
Well, theymos never fail us of his april fools gag. I even started believing the souvenir thread since that was posted on march 31, but unfortunately, yeah, april fools.
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