Quote from: seoincorporation on April 17, 2019, 10:22:13 AM

Quote from: andulolika on March 17, 2019, 01:08:23 PM

So, what does KYC mean? I always hated that thing, mostly because I feelt it is an unnecesary leak of information.

With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC.

Know Your CEO.

The best way we could prevent or atleast act in the case (most certain) of one of any new project being a scam is selecting a number of trusted users of the community to verify the "Team" of any coin just the same way we are verified in most sites.
Since most of the new coins claim the "Team" is the people shown in the pictures they shouldn't mind verifying it to this peculiar non snitch trustworthy gathering of users.

In the case a project is to be compared to bitcoin or ethereum and the team crave anonimity you shouldn't need an ICO or could provide code before launching and provide a service.

Any ideas? Would anyone actualy ask for this before investing? and keep the word and not invest without the check?

I think it is more than a fair price for trusting someone with perhaps thousands of bitcoins.

Edit: I has another interesting post few ahead for (for the ones that read op only)

KYC talks about know your customer, isn't about know your SEO Tongue

but you are right, to have a good SEO now days is like have a good manager, at least is the one who will send you to the moon but is the one who will take a piece of cake XD

Everyone wants a piece of cake. So it's better than with whom it is not clear. Last year I had too few high quality projects. We need to stop trusting the pieces of paper. Trust those who have long been on the market.