Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NET] - The Browser Based Blockchain - Main net December - Liqui
by
Nimiq
on 18/02/2018, 22:07:19 UTC

i dont try to spread fud only want people to make the right decision.


Thanks for clearing that  Wink


well, only ask for information is fine.
ask for id is maybe too much.
ask for background of btc is way too much xD


Yes, we are not going to ask for background information or the origin of BTC. But we do need your id. We don't like it either and we are working hard to make it as easy as possible for NET holders, but KYC process is something our legal advisers have strongly suggested for the sake of the future of the project.

one of the biggest issue is that you want a 3rd party to controll the kyc data.


Using a 3rd party KYC provider is actually the safe a responsible way to go.
no its not, its lazy, cheap, irresponsible and intolerable
how can you guarantee for the safety of the data on a 3rd party server?
how can you guarantee that this 3rd party doesnt steal or sell the data?
how can you guarantee that the server of this 3rd party are not compromised?
do you have any control over the data or the 3rd party company?

We strongly disagree, after studying every option carefully It is the safe and responsible way to do it, if you think different is your personal (uninformed) opinion. You're entitled to it, but if you think it is 'lazy, cheap and irresponsable' your are plain wrong, is exactly the opposite. How can we guarantee all that? The KYC provider follow strict legal regulations and using the data without our consent is punished by law as a crime.

kyc in this case is only a "lets go the save route" for current laws that dont apply to the situation, which may destroy your reputation.

KYC is required at this point to ensure the project complies with regulations in several countries, this is obviously required for our project to be a success which is ultimately our main goal.

this is actually not true and you cannot point me to some law stating that you are required to do that.
https://en.wikipedia.org/wiki/Know_your_customer

How can you know it is not true?. Again you are using your personal opinion as a fact. Our legal team has strongly adviced us to proceed with KYC. Nimiq is an open source payment protocol and our main goal is for it to be the native payment protocol of the web and we do trust our legal team is aligned with the same vision. If you want to enter into a debate based on your opinions about KYC and wikipedia links you are very welcome to do so, but it just has nothing to do with our project.

now there are two ways to look at the next step:
1. you BUY BACK OUR ERC-20 Token for your NIM coin at a fixxed rate, actually, your are my customer and i dont want kyc from you.

I don't understand why you think this is some kind of vendor/customer relationship.

what kind of relationship is this then?

Nimiq is an open source project and users who participated in our Crowdsale are supporters of the project. We do care a lot about our community and also have in our main interest the success of the project.
you maybe dont know it yet or you cant accept it, but google kyc, you will see.. once you go that route you cannot go back. im just trying to help.


if someone from the us invested in NET it should be his/her problem, not the problem on Nimiq.
he/she is supposed to know that he/she is not allowed to invest in oversea projects.
you cant be responsible for their action and for this dont have to put any borders on your crowdsale.

But we did.... I really feel like you are very much uninformed

First paragraph in 'NET (Token) Creation and Crowdsale Terms'... in bold with a bigger font size than the rest of the document

'IF YOU ARE A CITIZEN, RESIDENT, OR GREEN CARD HOLDER OF THE UNITED STATES OR IF YOU DO NOT AGREE TO THESE TERMS OF SALE, YOU CANNOT TAKE PART IN THE CROWDSALE, SO PLEASE DO NOT CONTRIBUTE IN THE CROWDSALE.'

We publicly commented from the beginning: US CITIZENS ARE NOT ALLOWED.

We blocked all IPs coming from the US to our website.

We included a paragraph about personal information:

'We may determine, for regulatory compliance purposes, that it is necessary to obtain certain information about you in order to comply with applicable laws or regulations in connection with accepting contributions to create and allocate NET to you or transfer NET to NIM. You agree to provide us such information promptly upon request.'

If you have any other questions please let me know, but I think you are mainly against KYC itself. We are not fans either but again, it is something we are required to do for the sake of the project. Thanks for your support  Smiley