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?

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

Who conducts KYC for those project owners and who audited the ones conducting the luckiest for them,  u OK now?

[billyhaleym]

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.

Thank you for sharing,  it's real,  I will have this as a rule and buy into the project after it hits the exchanges

[bgaf]

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?

Of course not. How can anonymity be prosper if the KYC even.for hunters are mandated and compulsary? But lets agree to disagree here. If we wanted to be full decentralized we should abolish KYC but if we want as well scam to be avoided we need an action to identify and determine how can we stop it right? We are on the state where both is necessary in order to achieved everyones goal. But the question is which one we will prioritize right?

[Mig-23]

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?

If they are launching an anonymous coin but asking for KYC which makes their basic idea to go against their coin so people might ignore this project mostly.

KYC should not be implemented in anonymous and decentralized payment system.

[Chomsy]

One thing that baffles me is why the team will decide to remain anonymous, yet force kyc on investors. In my opinion, investors should demand a complete kyc process from the team as well cos they are entrusting their funds to them. They are the ones to lose not the team.

[Caladonian]

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?

If they are launching an anonymous coin but asking for KYC which makes their basic idea to go against their coin so people might ignore this project mostly.

KYC should not be implemented in anonymous and decentralized payment system.

Good point, why ask for something that will totally disregard the intention of your project? Investors so with hunters mostly ignore this types of ICO'S, simply because they wanted to remain anonymous around this sphere and with the process of KYC everything will be broken.

Anonymity should remain still, as it is the essence of this project, freely invest your money and move in and out without any trace.

[leonair]

AVOID!

It's too good to be true because why in the hell would you give your information to a company that doesn't even want to show themselves or even make a transparency to its investors. This kind of scheme with ICO was long overdue but sadly there are still people who believe in this kind of thing.

[redsun114]

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?

This was one of the main reason I have to leave the ICO market and move to something better and safer for me to invest IEO, which is being controlled by popular exchanges that are known to all of us and have a good reputation to protect for themselves, unlike those ICO in which the team members are not known and would never be known even in years to come, yet they waste our time collecting 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.

Thank you for sharing,  it's real,  I will have this as a rule and buy into the project after it hits the exchanges

It's also a good strategy that you will just buy those tokens after hitting on exchanges. You can have that assurance that you can quickly buy when it's starting to pump or you can sell when it's starting to dump. Depends on the strategy you had when you trade or what's your take to those kinds of projects. I'm just giving you my opinion if you are giving value to your identity because it's the one that matters when you're a digital nomad and you are aware of identity theft.

[quarkfx]

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?

I have seen many projects where they will put team info and links but they are also scams but comparatively better but in crypto its hard to trust any project who know what going on behind 

[xenomorphe1]

That's bad if you need to pass KYC and that the team members are unknown. You should be very careful before participating in thoses kind of ICO. If they are making too good promises, it is surely a scam.

[ahmia39]

For the project team I think KYC is mandatory so that everyone can know their clarity, only those who manage KYC data must also be honest people so they are not misused, and if bounty participants are also needed to prevent multi participants in one campaign.

[Gabmot]

It shouldn't be  truly! It actually so frustrating that there is no regulation out there checking this misdemeanor really. Kyc for me is actually  nonsense really,  even collecting peoples personal details without a justification of the end product of where they end up into.

[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?

This was one of the main reason I have to leave the ICO market and move to something better and safer for me to invest IEO, which is being controlled by popular exchanges that are known to all of us and have a good reputation to protect for themselves, unlike those ICO in which the team members are not known and would never be known even in years to come, yet they waste our time collecting KYC.

Thank you for highlighting on this,  the truth is even collecting individuals data does not in anyway guarantee the success of the project in the first instance

[bitgolden]

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 see it as typical scam on the part of those developers who chooses to remain anonymous, because I see it as absolute nonsense when you remain anonymous and then you request for KYC for those who are to make the project successful with their funds, isn’t that really fishy?

The only KYC I can ever respond to are probably from exchanges like Binance since their own identity is already know, right now, any company that demands for my KYC without making themselves unanimously simply won’t just get my attention, and I think this is all we should start doing too. If we start ignoring them and making them irrelevant, they will learn to do things the right way.

[guoyu78]

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?

If they are launching an anonymous coin but asking for KYC which makes their basic idea to go against their coin so people might ignore this project mostly.

KYC should not be implemented in anonymous and decentralized payment system.

If the developers really respect what decentralization of cryptocurrency really stands for or understands it fully, they will know that it is such an unnecessary act to request for KYC , but I guess they don’t care since all they are after is just the money.

I also see it as disrespectful to their investors, because without these people, there will be no establishment, and it is just like these investors are the heart of the company, and if they request to remain anonymous too, I wonder why a company will impose KYC on them.

Well, the whole fault is with investors that are paying attention to them, let’s see how their project will survive if investors chose not to put their money into their company.

[bttmember]

The ethical aspect is that team should be fully transparent and they should also post their verified identity on the ico website in any form like pdf or screenshots and all these docs should be trackable, if this happens i do not think that anyone will have issues with kyc be it investors or hunters but team should be at the forefront as well.

[maldini]

Actually from before 2018 KYC was almost non-existent, where investors and bounty hunters remained anonymous. But since 2018, there have been a lot of changes where many scammers and strange rules don't even support crypto values. The implementation of Kyc is definitely not far from the case of scammers which are getting more and more since 2018, but I think it is wrong if investors or bounty hunters have to do it because the average scammer is an ico developer and they and their team should do it. Like a stupid project if I meet a project like that.

[auntyjmary]

I think  there should be a way for project developers to also verify their identity when they force KYC verification on investors. I believe that would be fair to all parties involved  especially to the investors but I don't see that happening since it's regulation would be very difficult.

[Apes]

the mandatory KYC on the project is becoming the current standard verification process. since the beginning KYC in application, people opposed it because it is contrary to the anonymous crypto principle. in fact, I do not agree with the application of KYC, especially in the bounty and small investors, but because it has become a standard we inevitably have to follow it. when all investors and bounty hunters are mandayory to do KYC, then all project developers and the support team that connected in to the project are equally to do KYC.