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Re: Suggestion to make rank-up more difficult
by
GazetaBitcoin
on 01/07/2020, 11:00:20 UTC
I would rather agree with strict rules in registering (not ranking up) in this forum, such as applying KYC or other strict rules before registering or members who have joined for a long time (no difference)..
[...] I suggest that you read topic made by @1miau Why KYC is extremely dangerous – and useless where it is nicely explained dangers of giving your documents and info to 3rd parties, and that s not as good and effective as you might think. KYC is not a solution, if anything it is part of the problem.

Additionally to 1miau's very thorough topic, I'd suggest also a topic of mine which depicts other dangers associated with KYC: Governs are coming for the traders!. To be more precise, the topic shows the great dangers which may occur once that the govern has your personal information -- personal information given willingly (through KYC) by the people to centralized exchanges or banks. I believe the topics are complementary about the dangers determined by KYC, each of them covering different aspects.