Post
Topic
Board Altcoin Discussion
Re: KYC to receive bounty rewards.
by
BenjaminFranklingwould
on 02/05/2018, 00:43:47 UTC
I don't like it as a most of us. But we need to see the whole picture before making some loud statements. We need regulation for ICOs. And most ICOs are securities. Yes, they trying to avoid this but most regulators think about it like securities. And we have to face it, deal with it. ICOs are risky, a lot of scam etc. With KYC we will have more fair distribution as well as more chances to have more institutional money inside. Which would be pretty good for the whole future crypto economy.


I totally agree with the point of regulation. We need some of it to prevent scams. But I would add that we don't need standard KYC. We need some sort of identification but it could be crypto-signature, or faceiD or fingerprints. Something that useful for identity customers of ICOs but not useful for darknet sellers.