Who watches the watchman?

[billyhaleym]

Let's start with KYC,  this ICO project developer's will launch a project and state that they want to remain unknown whiles they forced KYC on both the investors and bounty hunters.

The big question should KYC be mandatory for everyone... 

Will the anonymous goals be achieved with KYC?

[styca]

If a new project is starting up and the team behind it refuse to identify themselves, then I would say stay away from it. It sounds like a scam. I can't think of any legitimate reason for a team not to reveal themselves. And it's not something they should be forced to do anyway, it should be part of the promotion effort for the project. How else do they prove their credentials?

[Distinctin]

Let's start with KYC,  this ICO project developer's will launch a project and state that they want to remain unknown whiles they forced KYC on both the investors and bounty hunters.

The big question should KYC be mandatory for everyone... 

That depends on the project, if there is an announcement at the beginning, then that is compulsory.

Will the anonymous goals be achieved with KYC?

Obviously no, KYC or Know your Customer is policy for people to be not anonymous.

[Viceroy]

You are talking about trash projects that you should not pay attention to. There are many excellent ICOs that avoid such solutions.

[Shenzou]

Let's start with KYC,  this ICO project developer's will launch a project and state that they want to remain unknown whiles they forced KYC on both the investors and bounty hunters.

The big question should KYC be mandatory for everyone...  

Will the anonymous goals be achieved with KYC?

There is no point in trusting developers who want to KYC and not let people know them, if these people had nothing to hide they would not be afraid of exposing who are they and let people and investors trust them with their runing a project, i think that KYC should only be used for people who are truing to buy a large amount and not for everyone, and the the developers who are runing it should be known otherwise there is a potential scam and people should stay away from it.

[semes]

Let's start with KYC,  this ICO project developer's will launch a project and state that they want to remain unknown whiles they forced KYC on both the investors and bounty hunters.

The big question should KYC be mandatory for everyone... 

Will the anonymous goals be achieved with KYC?

I really can't understand why you started this topic with the watchmen? What is the relation with KYC?

[pixie85]

KYC should never be mandatory. It's not a rule enforced by the crypto community or the private companies that work in this realm.
This rule is enforced upon the companies by the governments who won fiat that is being traded there.

No fiat - no need for KYC.

[passwordnow]

Just don't join and invest such projects that requires KYC if you are protecting your identity. And many have done it already, ignoring those kind of projects will do good for them but if you want to take risk on them just because they are good in talking and many are participating them, it's your choice. KYC isn't really mandatory but you have no choice because it's their ICO and they are the ones that are conducting it so they have an option to add KYC or not.

[b3llsf1l3s]

Let's start with KYC,  this ICO project developer's will launch a project and state that they want to remain unknown whiles they forced KYC on both the investors and bounty hunters.

The big question should KYC be mandatory for everyone... 

Will the anonymous goals be achieved with KYC?

No, the KYC system should not exist, and the reason for money laundering is what I think is bullshit, if participants have to do KYC, it should also apply to CEOs and team members. That will be fair.

Nope, no KYC is already anonymous, by doing on KYC, we just reveal ourselves to them.

[aioc]

Let's start with KYC,  this ICO project developer's will launch a project and state that they want to remain unknown whiles they forced KYC on both the investors and bounty hunters.

The big question should KYC be mandatory for everyone... 

Will the anonymous goals be achieved with KYC?

The KYC is not mandatory, you will be the one to decide if you do not want to take part in that project,  there's no reason for an ICO to remain anonymous, it's like giving your people to people you do not know who will you run after, if they run with your money, this is scamming people this is the first and very important criteria when picking a coin to invest, check the people behind it.

[disconnectme]

I don't know if people are still investing in projects with Anonymous developers at this age, with the number of scam in the space nobody should make that mistake again, unless if the tokens are airdropped to people and not demand money from investors

[Twinkledoe]

I don't know if people are still investing in projects with Anonymous developers at this age, with the number of scam in the space nobody should make that mistake again, unless if the tokens are airdropped to people and not demand money from investors

And the problem with the situation is - they want to be anonymous yet they are obliging their customers and investors to do the KYC stuff. So of course, you will feel that there's something fishy with the scenario. If I am the investor and even if the project is so promising, I won't participate in their crowdfunding scheme in any way.

[sri.bima]

If KYC is needed and required for everyone, that means transparency. Then what is really worried about, isn't KYC also very good for identity? Personally I don't have a problem with KYC, because I think it's a positive thing. No problem at all.

[Baofeng]

Let's start with KYC,  this ICO project developer's will launch a project and state that they want to remain unknown whiles they forced KYC on both the investors and bounty hunters.

I think if you dig deeper on a project and doesn't see who the people behind, then I will stay out of it.

The big question should KYC be mandatory for everyone... 

Will the anonymous goals be achieved with KYC?

KYC is not mandatory. However, there are countries that restricts their people to invest on ICO, so to prevent any problem in the project side, they need to enforce KYC as well. Part and parcels on involving yourself in crypto sphere.

[rachman mahesa]

Actually not everyone is obliged to do KYC. But most projects do this for investors who want to invest in their projects. So if you want to invest, then do it. And I also don't understand that bounty hunters must do KYC just for the sake of being able to get coins from them.

[Jpti]

I do not exactly why the developers require investors or bounty hunters to push their KYC information. It seems they try to follow the law by asking investors and bounty hunters to provide KYC information. But what about some developers themselves becoming scammers and some fake projects scamming investors and bounty hunters?

[rosezionjohn]

Let's start with KYC,  this ICO project developer's will launch a project and state that they want to remain unknown whiles they forced KYC on both the investors and bounty hunters.

Beware of projects with anonymous teams that requires KYC. Just ignore and move away.

The big question should KYC be mandatory for everyone...

 
This is a case to case basis. Most projects that require KYC are in a jurisdiction where regulations are strict.

Will the anonymous goals be achieved with KYC?

Once you submit your personal info to another party, you are no longer anonymous.

[Tipstar]

It's awkward when the team remains anonymous while asks KYC info from investors and bounty participants for legal reasons.
As most people suggested, there's nothing we could do about it other than being cautious ourselves. We need to decide what project is worth what. We should analyze the legal grounds of the project and decide whether it's worth to provide your personal information to them or not.

[Herbert2020]

KYC is only for businesses that have physical existence in real world and also are regulated by the government and the law. when there is no business and there is only a kid at home who only has a virtual online existence and also the shitty token he is creating is not regulated, there should not be any KYC.
it is not about their anonymity but it is mostly about them selling your identity on the dark market and you will be in trouble later on when they use it to perform illegal activities.

[billyhaleym]

If a new project is starting up and the team behind it refuse to identify themselves, then I would say stay away from it. It sounds like a scam. I can't think of any legitimate reason for a team not to reveal themselves. And it's not something they should be forced to do anyway, it should be part of the promotion effort for the project. How else do they prove their credentials?

Have blockchain since reveal the man behind it?
There are projects that success after not showing up and most that failed even with high profiles