Quote from: AlexanderDumas on October 23, 2018, 03:25:57 PM

Quote from: CharlieCox on October 23, 2018, 08:03:27 AM

Quote from: contraband on October 20, 2018, 04:11:24 PM

Some have concerns with the implementation of KYC, but this is a REQUIREMENT of ANY crypto that is serious about going MAINSTREAM!!

Bitcoin is much more mainstream than ETN is (and most probably, will ever be). No KYC requirement for using BTC wallets though.

Ethereum and XRP as well. Yeah...

I think KYC defeat the purpose of crypto. Obviously ETN is not anymore a privacy coin.
But for Crypto not to be banned or sabotaged by authorities, some how it will need to be regulated and holders will have to be identified, otherwise authorities will just kill the gig.
In any case to move your BTC out and make them spendable money, at the time of this writing, you need to move them to an exchange convert them to Fiat (not the car) and to withdraw you need to be ID verified. So.....
... Yes I know there are a couple multi millions euros homes for sale and the sellers take Bitcoins, although they want +30% more of the advertised price at the closing, just to compensate for any price fluctuation...

Said that, I complied and filled up the KYC form, just in case the day I would like to bail out fast, I do not want to have restriction on how much I can move from my wallet. Hopefully I will never have to do that, but who knows...

These are valid concerns KYC against the spirit of privacy and stay anonymous which any project totally centralized like normal life project Paypal. I moved my tokens to exchange wallet because of this policy and making mind to convert them with any other tokens as I don't like this condition.