Re: Is KYC benefit to crypto people or not

Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC.
Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone.
Now KYC is trend in crypto market..... Cheesy

I think KYC is good for real bounty hunters or real crypto holders. As a bounty hunters it looks very useful to me because before kyc my stakes was stolen by another with fake ID. But now it can't. So i think KYC is best.

the best? I think you're all wrong, bounty hunters shouldn't use KYC, that's not important,
what if someone doesn't get anything because the tokens from the project don't have market value? and we have to do KYC that's stupid

Of course, there are many people who don't have an interest in the KYC in the bounty hunting, but without KYC procedure, it is not possible for them to get their tokens. Of curse, it is useless because we don't see any value to the coin after listing in the exchanges.

People who don't have interest is just two of these, they either enrolling not just one account some kind of spammer on bounty to gain more rewards on the bounty pool. I don't see nothing wrong with the KYC procedures since it is a prevention for people who have derogatory records especially when they got involved in scamming. However even KYC can be easily compromised, they could be hiring/buying people's identity for example driver's license and just picture it then submit for verification.