Quote from: m.roth on September 14, 2018, 02:14:35 PM

I wonder how many of you with concerns about kyc (if you embrace the vision of bitcoin and its anonymity i fully understand) are shopping online, booking flights, are on social media, using wifis, register for certain services. Maybe people in this forum are not comparable to the rest of the world, but in general people don't really care about this subject. But scandals like the cambridge analytica are probably just the tip of the iceberg of data abuse. I am not even talking about scammers per se, i imagine that a lot of "legit" businesses are trading data, making money out of it, and don't give a crap about our privacy. Although for me personally, full anonymity is not necessary, but a decision, i want to be in control of my data and decide who has access to it, and if someone wants to use my data they actually should pay me!

There's no law in most countries that determines whether or not cryptocurrency is legal. I think most crypto users just don't wanna be haunted by their past (for being a crypto user) once there's finally a law about it. Currently there's no law that says we have to disclose all of our crypto earnings and by the time that comes, you obviously want to stay as low-key as you can and put as little number as possible because otherwise it might raise suspicions. True that we don't do anything illegal in here but it's much better to play safe. Plus, there's just no explanation as to why KYC should be necessary in participating in a particular ICO. They really have nothing to do with our data anyway other than determining basic information like age, gender, ethnicity, etc.

Also, those that you have mentioned have nothing to do with cryptocurrency at all. All of them are being used by almost everybody.

Quote from: joseyphil82 on September 14, 2018, 09:42:17 AM

KYC is used to control cheating and multiple account holders but I still go against it because it seems very dangerous to me ,revealing your I.d with home address and other security number is not safe ,I'm hoping that in the future another way will be introduced to tackle cheater ,kyc just doesn't cut it , its not safe ,and I'm sure 80% of people in cryptocurrency don't like it either.

And just how many crypto that required KYC turned out to be legit, right? They are mostly scams so you're really going to worry about what they're going to do with your data.

Quote from: camric09 on September 14, 2018, 09:05:11 AM

You have a point, but what should we do if a popular exchanges requiring us to undergo kyc? And what to do too if a popular project requires us to do kyc too before making investments?

There are actually some exchanges that requires KYC so you can do large transactions. On the other hand, there are also tons of exchanges that don't. You can just use a different exchange.

Popular project =/= Legit Project =/= A project that will give you earnings. You can simply not participate in it. It depends on you which is more important, revealing your identity or participating in a project that may or may not turn out to be a scam and may or may not work out.