Post
Topic
Board Altcoin Discussion
Re: KYC defeats the purpose of Crypto. Thoughts anyone?
by
Pamadar
on 04/11/2019, 01:50:17 UTC
I agree. The purpose of crypto and it's decentralized nature is to stay away from data breach. Scam projects that required KYC could have an easy access to your accounts and credit cards if they have all your information. That is one thing that I hate about KYC. No privacy and very intrusive.
It's part of reality that once you have been breached out your information is no longer secured. That's the negative sides of providing KYC most happened with scam projects that the real intentions is to try hacking accounts or selling it from the darkweb.

Still the best way is being wise not to fall right away but with due diligence try to seek for more information regarding to the project before submitting your personal information.