Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
by
Nimiq
on 10/02/2018, 06:45:38 UTC
Quote from: IMZ on February 10, 2018, 01:56:27 AM
Quote from: Nimiq on February 09, 2018, 06:12:02 PM
Quote from: IMZ on February 09, 2018, 08:57:31 AM
Calling people 'idiots,' altcoiner555? Thanks for that!

There are, I feel, a range of questions that the devs should be here answering right now.

Please go ahead and ask them Smiley

Firstly, what documents and information constitute 'KYC'? When Bittrex launched an enhanced-verification project last year, they arrogantly assumed that their KYC processes encompassed every national-postal-address system on the planet. As a consequence, I experienced days of drama -- locked out of my account.

If 'KYC' remains a set of unknown documents/information, then where do I stand? Do I hold on to my tokens until the conversion begins, only to find that I am simply unable to 'KYC'?

Secondly, check the latest Vlog. A Nimiq team member is seen making little electronic hats for little electronic heads. Meanwhile, both this thread and the Reddit have token holders expressing concerns about losing their holdings -- ??

I can feel your frustation. We are doing KYC only for users using our NET-to-NIM replacement tool because for Nimiq Foundation to be encompassed on a safe road to mainstream adoption (from all regulations perspectives). We are not fans of KYC and know it can be a frustrating process so we are trying to keep it as easy as possible while still complying to regulations.

We are still defining the KYC provider. We have narrowed it down to a few of them and we are analyzing the best fit to a global userbase. We expect an easy-to-follow (other than excluding US citizens). We will inform more details as soon as we have definitive information from our KYC provider.

Yes, so you noticed the identicons. Identicons are a huge UX accomplishment that makes us and our community super proud. Join our telegram or discord groups to discuss about it and understand while this aspect lowers barriers of entry to newcomers.

Do you have any specific concerns about 'losing your holdings' from s technical point of view if you have NET tokens there is no way to lose them unless you lose your private key. No vulnerabilities on the smart contract or ways for anyone to steal your NET, so there are no real ways of losing them.