Post
Topic
Board Economics
Re: Is KYC benefit to crypto people or not
by
hulla
on 11/08/2019, 22:11:05 UTC
KYC is not a significant risk factor and good investors never consider KYC as important. In fact, investors always try to use their money in the right organization , so the thinking of smart investors is a great exception.
But a good project values ​​KYC more in order to manage their development effectively, so they keep the registration process going KYC.
Speaking of good project valuing KYC in order to manage their development effectively, is all a lie because the KYC issue has nothing to do with the effective development of a project and I think every new project which requires KYC are a centralized project. Mind you, Ethereum never require KYC when they wanted to launch their project why is KYC matter.



I think it is not necessary to request KYC, it just makes us anonymous, which is not necessary for cryptocurrency users. However, KYC is needed for managing campaigns, bounty hunters will not be able to use multiple accounts at once in a campaign. Besides, it has many potential risks of disclosing information of customers as well as users outside. Therefore, I always do not support campaigns that require KYC, it is really unnecessary
You got it all wrong I don't see any reason why bounty hunters will have to go through KYC and bounty managers don't need to use KYC before they could stop multiple account participation in their bounty. However,  you're not specific when you said "I think it is not necessary to request KYC, it just makes us anonymous, which is not necessary for cryptocurrency users."