Yknow, I was just talking about this ICO thing which is so
Another area that needs a close look is the way that KYC is conducted in ICO/ITO offerings. In my view, the risk of giving out your information to some project on the Internet is just as high, if not higher, than the risk of losing funds from the venture.
I have an easier solution: Dont ever do KYC. Avoid anything and everything which requires it.
For Bitcoin-related purposes, I have never submitted to any KYC identity-rape. No, really. Nobodys records show I own even a single satoshinobodys, as in nullius.
Ohyou said ICO. Well, those are scams which should be avoided, regardless.
Merit-sending protip: Check post history. If you see any non-negligible and non-incidental ICO involvement, then its a no merit decision no matter how good the post was. There exist other, better posts by people who dont do ICOs. Those posts need your limited supply of sMerit.
I have also dropped my support for and/or customer relationship with companies which caught wind of the hype, decided to sprinkle some magical blockchain on an unrelated business, and announced a whitepaper for their upcoming ICO. Not meritorious, in any sense.