Quote from: dunfida on November 01, 2018, 02:22:41 PM

Quote from: george_hured on November 01, 2018, 02:15:54 PM

The KYC process today is beneficial only for developers, you understand that they can sell your data, so I wouldnt have said it if you didnt have serious doubts that today greatly violate the security of your data

Even on legit projects, we don't even know on where those informations being stored up after the sale or such investment. Arent we on doubt?

We really have no idea where there stored are private information but they should really protect it, but since we already comply with their terms and conditions we have no more control on that. So if you want to be more protective, better to secure your own important social sites or important details, emails can be use for any kind of hack so we must be more responsible protecting that one.

Quote from: dunfida on November 01, 2018, 02:22:41 PM

Quote from: Fritz93 on November 01, 2018, 02:16:12 PM

I completely agree, this is really a problem. However, today I see that many companies have begun to warn about the need for verification. For example, all the bounties that Amazix conducts immediately warn about passing KYC

That's why either as an investor or a bounty hunter it would really be on our own choice or decisions regarding if we do tend to proceed or not.

If you see security on that project, then submitting your personal information is not that matter as long as you still have control on your personal accounts. We cannot stop this, because even banks are doing this thing most especially if you have credit cards. Credit cards companies have their own access on credit card holders of a different banks, so technically our personal information are already spread around the world.