Post
Topic
Board Economics
Re: Cryptocurrency, KYC and Terrorism
by
DevilSlayer
on 07/01/2020, 07:25:17 UTC
Why have afraid with KYC on bounty campaign if getting higher reward coin? I will joined all bounty campaign although have KYC if get much reward coin, if ended bounty campaign but reward less than under 0.2 eth I will not sell my KYC with lower value of bounty reward, just KYC with bounty campaign distribution higher reward and have trusted owner to participated at their bounty campaign.
Maybe you are not aware to the identity stealing nowadays, we may never know where did they used our valid ID , our valid id can be use by illegal activities, they can sell our identity to others for there own benefits, though yes I sometimes give kyc but I always hide the security numbers of it, so that there will be a some private part that they cannot copy.

SSN ID details was stolen many times and US government tried to give the security to their people from data pulling and now in this cryptocurrency field we are seeing good amount users to sharing their personal information in the name of KYC and it has been steal by the ICO companies.
As much we can try to give the protection for the data instead of free giveaway. Then as a investor expect the security from the project else don't invest on them.
We should be careful on sending our private in the internet because it can be stolen. There are ICOs that can considered as scam because they are focusing on collecting identity of the participants. There are now many identity that been stolen and sold in the darknet. It is been issue in the past and that is why many investors are now afraid to participate in projects that requiring KYC verification.