Post
Topic
Board Altcoin Discussion
Re: KYC is simply just to cheat bounty hunters.
by
pinoyden
on 24/10/2018, 22:58:00 UTC
I think I do fee the same. Some ICOs need KYC as if they are legit and certified by governtment. It is very bad and dangerous to submit our ID. I think developers still can benefit from non KYC ICOs because most crypto users not like KYC. That is why crypto users prefer coins than bank card, because they don;t like their identity stolen or keep their privacy.

thats right bro and aside from safety we dont also want a hassel by performing any other actions like submiting id's and any other personal info's just to use a certain service plus most of us do not also have a valid id's such as passport and driver's license because we dont drive or travel abroad , that is the reason that most of us cannot pass the kyc process .

Quote
. Some ICOs need KYC as if they are legit and certified by governtment

that is also what im thinking about , they use the name of kyc in order to gain credibility but the sad part is that not all ico's with kyc's are legit .