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I like the idea of getting bonuses when you hold some Eterpay and share from transactions generated in the network if your wallet is verified. But what are the condition for a wallet to be verified?

A big pro for this. Always good to have some income from doing nothing Wink

Why is verification needed at all? Isn't it proof enough if you have a certain balance?

They need it for security purposes in the future so that they can be sure that they'll know who's the users of the platform. If you don't have criminal cases then it would not be a problem to you.

And what about privacy? Why should they know who is using their platform? That goes into the direction of what we have today. Mass surveillance and hardly any freedom.

This is something needs to be work out a lot. Privacy is really important, but the fact the some users doesn't want to do verification, maybe because it's a hassle one to do. But also, one problem it's trying to solve is to be sure that no one in its users are using the platform for illegal purposes.

If you are going ways that involve banks and so on you will have to do KYC or if you are incorporated in a jurisdiction with strong regulation. There is no way around it yet.

Yeah, it's like an expected thing that needs to happen if you involve money in you project, doing such verification. It's for the safety of the platform and for the users too.

It's a way to protect the people using the ETERBANK too. Verification might be a hassle thing to do but it's a good thing to have for the security and safety.

It is for the government to know who owns what and who moves what Wink

even if you do KYC, why are you safe from ETERBANK running off with your money?

In our opinion safety is best deducted through team transparency and professional background.

Transparency is the lifeblood of such a system and you should do everything you can to deliver it.

Security also is a must. People and members are expecting for a good quality of services which will make the project more reliable.

Security is so important it isn't even worth mentioning. Without proper security you don't even need to start a service as it will take a few days until hackers will destroy you.

It is funny also to find out if a project doesn't have a security at all, it's common sense too that every project needs to implement security measures in order to protect the project and the people using it.

Well, maybe they are just trying to prove that security is indeed present here. Security can also affect how people will use a certain project, especially here. It's really a vital part of a project as it will make everything more safe and secured.

You can only prove security over time. That's the strongest metric you can use to judge whether something is secure. If it wasn't secure someone would exploit the weakness.

Definitely it will happen if it's not present. The hardwork the team gave to this project if it's launch without securing it will just be useless. Hoping we can see a secure and reliable outcome of this project.