KYCs are not the problem here. The problem I see is where you are entrusting your information to. Because their are certain ICOs that will only fish out your information as it has more value for them rather than the token they are creating. KYCs are a requirement of some countries' government as it is their way of regulating or being in touch with their citizens. What I would normally do before trusting my personal information to other entities such as ICOs or even exchanges I will research on them if they have a good background.
Thats true thats what im afraid also you are entrusting your information too people that you dont know if they are scam or not, or maybe the purpose of doing this KYC is them to get your information and get your identity. Even if they have a good background, what if somebody hacks the information about you and everyone else we cant predict what will happen, and that is the downside of KYC. i just remember those ico scammers like symmetry -_-.
Exactly, so better not to implement this KYC as people when it comes to money are not worth trusting at, there are really few people who can trust with especially here in internet where in they can use your information to scam people so if ever be vigilant for whom you are giving your info at.