So. i have been interested in the new Neonexchange ico that is about to be announced today. however, they made a tweet that KYC is mandatory.
now i am a guy that loves the crypto space because you can invest without anybody really knowing who you are.
but as more and more coins/services require your id to even pay you for what you have bought i feel like we are losing some of what crypto is.
i have even seen bounty campaigns that require your id to pay you.
how are peoples thought about this? i really dislike the direction that icos are taking. at this point i will only buy when a coin hits an exchange and even that seems to have id requirements coming up...
That will be suitable for those ico because they are working with government regulation. They are try to avoiding the risk by accept those investors from those countries are banned icos. Just like US, Iran and many other countries. But KYC for bounty looks a terrible idea. Some times there is a bounty that only paid some dollars to the participant and does it worth? It doesn't. KYC purpose is working on preventing investors from countries ban ico.