IF users data can be sold in crypto space we aren't practising decentralized

[Stanlo]

In the world we are in today I heard it's possible to sell almost anything online, I'm talking about things like users data and informations but the reason why Satoshi created bitcoin is for escaping the puppet masters ( government control) over humans and that's why we have decentralization, but how many projects are practicing full decentralization today?

If our data can be sold or given out to other entities should be stay out of KYC verifications? This isn't why crypto and bitcoin was created, government shouldn't be involved, don't you think?

[bits4books]

And how do you propose the total spread and adopting of cryptocurrencies if you do not want to put up with a "terrible" state? The conditional President of France or Germany does not prevent anything from declaring any operations with cryptocurrencies and even ordinary work with the blockchain outlawed, tie up a criminal term of 10 years here and that will be the end of it. The times of popularity of black markets like Silk Road and other giants of the shadow industry will return, not least thanks to which anyone in this world has learned about BTC at all.
If you can't get along with the state, the state will kill you. It will not make concessions to you if you do not want to put up with anything and want to be a kind of crypto-Messiah of total decentralization and universal libertarian freedom. Think about it.

[Tytanowy Janusz]

In the world we are in today I heard it's possible to sell almost anything online, I'm talking about things like users data and informations but the reason why Satoshi created bitcoin is for escaping the puppet masters ( government control) over humans and that's why we have decentralization, but how many projects are practicing full decentralization today?

If our data can be sold or given out to other entities should be stay out of KYC verifications? This isn't why crypto and bitcoin was created, government shouldn't be involved, don't you think?

Great topic that covers everything that was and will be said here:
https://bitcointalk.org/index.php?topic=5221497

KYC is a thread that we ... community ... should avoid like fire. Simply - you do ICO with KYC - you have 0 raised. You force KYC while opening exchange account, you have 0 custommers.

And qoute from me about KYC data price on darknet:

~50$ - that's how much you need to pay for KYC photos on darknet.
~100$ - that's how much you need to pay for credit card that is registered on random guy.

Also ICOs scammers has thousands of ID from their KYC that they demanded from their clients. Sometimes i think that this is a main income from today's ICOs. You get 1000 bounty hunters that perform KYC to get reward and you have 50 000$ from darknet. You don't need to sell even a single token during ICO.

Any restrictions will only makes things harder for honest guys. Scammers will always find a way to scam.

And actual data right from darknet:

I will not share darknet market links here because i don't know if its not against BTT (and personally i don't want to promote that) rules but i can link you this article to prove that I didn't made it up:
https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web/

And photo of random vendor selling KYC data:


And if some may think that exchanges need photo with you holding a piece of paper with date than you need to know that 100$ is enough for fake ID.



So as I already said. Any restrictions will only disturb honest users. Every KYC, every coin holding if they are tailed with scam etc. Scammers will always find a way to scam and wash dirty money.

Scammers have fake IDs, KYC data, they sell OTC - P2P, they spread it through dozen of exchanges and cantors they may even use it to pay for signature campaigns for they current business (casino, exchange). It is possible that your address is already tailed. It is possible that they have their own exchange.

[Kvalentine]

I understand your point but it's easier to practice decentralized yourself by staying away from centralized exchanges and fully committed with DEX only, it's a ghost chase if you think that all crypto space will go fully decentralized, it's not going to happen, look at XRP a Centralized project that make it to top 10 on coinmarketcap, it's a old altcoin and still makes it that far, centralized projects and platforms got a place in this space whether you like it or not.