Post
Topic
Board Altcoin Discussion
Re: WHY SHOULD YOU BOYCOTT ICOS THAT DEMAND KYC?
by
Hallmader
on 14/05/2018, 04:07:46 UTC
KYC (Know Your Customer) is an infamous procedure we have mostly run into while dealing with banks.
Sadly for the whole blockchain industry we see many ICOs demanding KYC in vain.
Read below why you should boycott such ICOs:

https://medium.com/@filip.poutintsev/why-you-should-boycott-icos-that-demand-kyc-29a5b43904fb


Why do you have to boycott such ICOs? For me, I don't boycott ICOs simply because they are asking for KYC. I invest in ICOs because my personal assessment and the reviews I read about their project are saying that they are going to become successful. The KYC will follow much later. If I found out that the ICO I want to invest asks for KYC then I will just comply rather than totally forgetting the prospective gain that I will have from such ICO investment.