Quote from: Coolcryptovator on September 22, 2018, 05:35:08 PM

I am not fan of KYC. I know there might be other threads about KYC. But I would like to describe myself why I am not fan of KYC.

Main reasone of I am not fan of KYC is fake ICO. How can I trust them with my personal identy even they are fake themselves. Many ICO asking KYC for airdrop, bounty and buy token. There is high risk to provide them my personal details. If they scam and use our identy on wrong way than what can we do? Nothing, we can't do anything with them. They might use it others illegal activity which is harmful for us. Suppose they can launch another ICO with using ours identy than what we can do if we are not aware about it ? But we will victims if they scam again. Also they could sold your details, like you can buy email list of crypto investors. Lot of ICO I have seen they are used others identy. Once we asked real persone than he don't know about that. But unfortunately we can see team has verify some of website like ICO listing. That means they are steal identy of others. That's why I am not fan of KYC.

I am also discouraged when a bounty campaign is asking for KYC because of this. There are so many identity thefts out there that will use your personal information to misled others and produce more scams. Especially that you do not know personally that management of each ICOs, giving your personal data is very risky.

Quote from: Cashi on October 17, 2018, 11:55:00 PM

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

Quote from: CryptoDamon on October 17, 2018, 04:42:55 PM

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.

You should know that each ICO wants to make their money also (the one they pay on bounty hunters) worthwhile. If I am running an ICO and I will pay bounty hunters to campaign my ICO, then I want to make sure that I will pay the right people that will bring me investors and customers. ICOs are just want to make their investments in bounty hunters worth it. If an ICO will invest their money to a spammer bounty hunter or someone who just have multiple accounts, the money that they will give will become useless and they just hire someone who will not genuinely promote their ICO.

You cannot blame them if they want to implement measures to properly manage the bounty hunters that they hire.