@nullius @BenOnceAgain

Thanks for opening up my eyes to the pitfalls of KYC for investors.  With that being said, for any company looking to do business in the US, it would be extremely RISKY to NOT do KYC as you're basically just asking for trouble from the SEC as they want to prevent money laundering.  Please dont shoot the messenger here but until there are more defined rules, KYC imo is a must for anybody doing an ICO and planning on doing business in America unless you'd like to have a morning wakeup knock on the door. 

Now, if a company wants to try and do some offshore type structure to get around the SEC, I think you're still asking for trouble if you're ultimately going to be doing biz in US.  Much better to upfront and transparent about it.

I'd be interested to learn what technologies/safeguards could be used to make KYC more secure though as you all brought up very good points and valid concerns that I haven't heard anybody else discuss online.