I have to agree to OP, KYC is very dangerous for investors because if you have to do KYC you are risking your personal data to be stolen in addition to your money. Stolen money can be replaced, but stolen identities can't. They will be in circulation forever.
It's true that an KYC offers nothing for investors, because criminals will always provide stolen identites to pass KYC and invest. Criminals are laughing about KYC how dumb people are to think it will stop them to participate in ICOs. The only thing that would be better and prevent more scams is if the project team has to do KYC by visiting a local office in the next bigger city to apply for doing an ICO.
KYC is very important in an ICO. This is done so the company will know who are the people that they are dealing with and to prevent using their ICO as a means to launder money. Even outside cryptospace KYC is also needed when you want to purchase stocks and become a partner to a legitimate firm.
Just LOL. KYC for investors has nothing to do to be important to an ICO. A scammer can do an ICO and want KYC and so it's not an advantage. My opinion is very critical about KYC and this 'KYC is good and important!' shilling.