Have you any new ideas to replace the KYC?

[smyslov]

The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty?  Why you are not coming with another option where a freedom crypto member doesn't need to show his face?

Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?

How I wish there is, but there isn't, we can be anonymous by holding our token but once you convert it to fiat or you become part of a centralize platform that deals with Cryptocurrency, you cannot escaped from being traced, unfortunately it will stay permanently until all of us shifted to Decentralized Exchange, which I don't think will happen sooner.

[BlacksmithCorporation]

I don't think it is possible to completely eliminate the KYC process, but a solution like the fact that there is only a trusted organization that holds our information and all companies and organizations that need verification The user's identity will be passed on to the above organization. It is the best solution in ensuring user information.

[zabir.brutov]

I literally cannot understand what you are trying to ask. You need to verify somebodies identity and how it is possible to not use your docs. There are some apps, that have your digital identity, but you did KYC for them, so it does not matter.

[perfect999]

Man, there is nothing that can be done when it comes to some of these centralized exchanges or projects that are requesting for our identity, it is either we don’t go for those projects or the exchange we use in purchasing them, we don’t use them that much, which means we will really have to be very selective because I doubt if we have any exchange right now that are not requesting for that KYC.

The only thing that I think would be the solution is if we can all start using the normal decentralized exchange, that is the only way that all these issue of submission of KYC will stop, but if we are still going to continue to be under the influence of these centralized exchanges, we have no choice than to continue to abide by their own policy which is being imposed on them also for government sake.

[Tylev]

The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty?  Why you are not coming with another option where a freedom crypto member doesn't need to show his face?

Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?

The FATF decision of June 21 this year established the general rules according to which KYC can be requested for transactions worth more than one thousand dollars. Over the course of a year, more than two hundred states must incorporate these rules into their national legislation. This is despite the fact that I'm not at all sure whether this applies to bounty hunters, since KYC has the task of preventing the laundering of dirty money and the fight against the financing of terrorism. Participating in ICO bounty campaigns, we don’t deposit our money, and therefore we can’t support KYC. In any case, KYC should not be passed by those who receive fewer tokens than the amount of one thousand dollars.

[SolarWindMiningCompany]

The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty?  Why you are not coming with another option where a freedom crypto member doesn't need to show his face?

Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?

So project/developer must have really pissed you off because you sound really angry. I still think that KYC is important to control money laundering and other money related crimes around the world and I also think KYC should not just be for bounty and surrounding hunters only but for project developers/owners as well. Including exchange operators to bring more balance

[Lagduf]

The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty?  Why you are not coming with another option where a freedom crypto member doesn't need to show his face?

Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?

So project/developer must have really pissed you off because you sound really angry. I still think that KYC is important to control money laundering and other money related crimes around the world and I also think KYC should not just be for bounty and surrounding hunters only but for project developers/owners as well. Including exchange operators to bring more balance

The problem about KYC is how it could fall to the hand of irresponsible people and being misused. your KYC will be saved by them forever and people could change their mind as the time goes. Maybe they are now legit people and will not share your KYC but they could turn into a wicked person and sell your KYC for few cents in the deep web just for a little money and that's what I'm afraid the most because we don't know about people's mind. The reason behind KYC to prevent money laundering is good but the requirement to force use submit our ID is ridiculous.

[Distinctin]

KYC for just of few bucks, I don't we are in the point that we need to risk our true identity just for this. KYC is a big deal for everyone who wants to keep anonymous nor we need to take the option just to get our money.
Asking for any ideas to replace KYC, I don't think there is a need better of not asking any documents from us unless, for some (important) reason just like withdrawal of 100BTC, it might be for safety assurance and to help verify the person asking for this amount.

[AliMan]

The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty?  Why you are not coming with another option where a freedom crypto member doesn't need to show his face?

Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?

So project/developer must have really pissed you off because you sound really angry. I still think that KYC is important to control money laundering and other money related crimes around the world and I also think KYC should not just be for bounty and surrounding hunters only but for project developers/owners as well. Including exchange operators to bring more balance

Kyc should be implemented on both parties and not just the participants in bounty or an ICO. To show legitimate approach to anybody this should be done wisely, to ensure how faithfulness from investors and project developer could work together for the success. This purpose shows transparency and I think this is fair, because since kyc implemented, this has been abused and even though they're complying the requirements that doesn't guarantee safety on their investments.

[samcrypto]

I don't like KYC and if there's a replacement for KYC so our information will not be compromised, I'd gladly support it, but right now and all the other who posted here do not have ideas or any kind of replacement to KYC, KYC is here to stay, it's the only way that exchanges can validate the identity of their users and if they are abusing their platform, and it's also what the government want on exchanges for compliant.

KYC on a scam project is not good at all but for sure we already have fill up many information sheets that banks are asking with us, well I can its more safe but yeah if there’s a good replacement why not, and if its for the good of everybody then it must be stay for good. KYC brings big fear to those who are new in the market, if the exchanges asking for your KYC always take car and ask the community first if its safe to do so.

[Perfect35]

Sometimes, the team of a project might not demand for kyc at the beginning of bounty, most especially when it comes to bounty campaign, but when it is moving towards the end, then the demand might be put forward. This is most times done to reduce the number of those that will be rewarded. Knowing fully well that some will reject such development.

[zulfi125]

I have joined various bounties but KYC requirements in some bounties not for all and if you are investing in IEO than this is compulsory requirements, these requirements are implementing by regulators may be in future for all projects and also a suggestion by FATF. KYC idea can be replaced with only video verification for bounty hunters.

[bgaf]

The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty?  Why you are not coming with another option where a freedom crypto member doesn't need to show his face?

Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?

The original purpose of KYC is to know and monitor the legality, eligbility and capability of the investors. Yes anonymity is gone and we can't be purely invisible with all the processes in KYC. It's just that KYC is mandated by most  project that govern some bounty which they implemented even on hunters that is not investing. That's totally unfair but when you joined a bounty connected to IEO I think we all dont have a choice for this but to comply.

[davinchi]

To me know your customer is the real and most used tool to dictate scammers and monitor everyone being real or unreal, so I do not think there's anything that would surpass that as that's just persons identity and details. Some kyc requires live chat self, some requires holding of your passport and snap while some requires just your passport and bank details. I do not think any other thing can actually replace KYC.

I think that people are just over emphasizing this kYC issue and making it look like it is a real killer. KYC regulation has been in existence for a very long time and I have not really seen the negative effect of it to anyone or how it has destroyed people.

I am almost going to my 40 now and I have been submitting my information since I was 19 is when started looking for data entry project to do and I can really remember how many sites that I have dropped my detail with, which till now, I have not seen anyone used it against me. KYC is very important and they will not because we want to protect our identity be aiding those that are using it illegally for things that should not be used for like scamming people and also laundering money.

[TIDOVEE]

You spoke well, thank God we still have few good projects that are not KYC involved, among the few we will still choose. I don't know any other replacement for KYC. maybe our BAnk Verification Number and Passport.funny enough, the KYC doesn't guarantee that you will not have some issues with some projects. Although we are still in the understanding that they intended providing more authentication of our identity to reduce fraud and scam.but it is still hindering many from smooth access to projects.

[Omega Weapon]

The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty?  Why you are not coming with another option where a freedom crypto member doesn't need to show his face?

Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?

How I wish there is, but there isn't, we can be anonymous by holding our token but once you convert it to fiat or you become part of a centralize platform that deals with Cryptocurrency, you cannot escaped from being traced, unfortunately it will stay permanently until all of us shifted to Decentralized Exchange, which I don't think will happen sooner.

Personally I do not have any problem if we have to go through KYC when you are converting your cryptocurrency to fiat, that is their system and they can do whatever they want in the system they control, what really bothers me is that you need to go through KYC when you are using bitcoin or ethereum to buy another coin, to me that goes against the principles and the goals of cryptocurrencies in general, that is why I have never done that and I will never accept to give up my information to buy a cryptocurrency.

[Ayiranorea]

Every human has got a unique finger print, and this can be used as a verification. Almost every country have the finger print of every human in their data center. When we are supposed to do KYC we can just scan our finger prints. If some issue has been caused by that particular person the details can be gathered from the data center of the government with the fingerprint. Every government won't agree to provide information, but this way it is possible to eliminate KYC.

[RussiaUkraineTranslation]

ecxx allows Singaporeans to join the exchange by using their Singapore national ID number, more exchanges may do the same.

[bitvalak]

KYC is actually a way to avoid fraud and to protect yourself from fake accounts, with KYC you can easily recover if one day you cannot access your own account.
In my opinion KYC is not something that needs to be debated too seriously, they just want to avoid washing and comply with existing regulations.

[Winscosinally]

The crypto market is decentralized, we live here as anonymous and free and we love it! But this KYC process is killing the anonymity of crypto! To invest in a good IEO you need to verify KYC, to do a good bounty project, you will have to go through KYC! But why? You guys are doing nothing with our KYC, then why you keep asking our identity? A selfie by holding my ID card, wtf! Did we ever ask you to verify your KYC when you launch a project/bounty?  Why you are not coming with another option where a freedom crypto member doesn't need to show his face?

Ok, guys, now my question to you, Have you any idea what can be good to replace the KYC method?

KYC is not killing any anonymity of crypto, only drug dealers or criminals will go against KYC because KYC is the only way to stop money laundering, sorry pal its too late for that and now to even participate in any IEO sales you have to go through KYC process