Quote from: nullius on Today at 07:11:33 PM

[WO] Bitcoin вapвapизaция кpecтьянaми

Exhibit EOVERFLOW:

Bitcoin Forum > Other > “Serious discussion” (LOL!) > Too strong KYC
Topic totally derailed by nullius to: Re: Any KYC is “Too strong KYC”

Quote from: nullius on Today at 07:43:09 PM

Quote from: Cratoon on Today at 07:06:25 PM

It's simple.

If you move around Huge Money you want every partner (exchange) to hold your ID details so you won't have problems proving that transactions did occur on your part.

It’s simple.

If you move around Huge Money (or any money!), you want to use private keys in your own wallet—“Not your keys, not your coins!”—so you won’t have problems proving that transactions did occurr with your digital signatures on the blockchain.

Quote from: Cratoon on Today at 07:06:25 PM

Most websites that use KYC feature have a third-party KYC processor who holds the data secure. Still, use your own research on each KYC demanding project as these policies differ a lot.

I advise that you read through a thread with much more serious discussion of the “KYC” issue than this “Serious Discussion” idiot-thread, and heed the advice thereby from people who understand this subject as you assuredly do not.

Quote from: 1miau on January 28, 2020, 10:40:11 PM

When someone is doing KYC, they are forced to hand out parts of their personal identity to a third party (such as an exchange, ICO, etc). After that point, they aren’t in control of the process anymore and are totally exposed on the third party to handle their sensitive data safely. If something should be hacked, the affected people can't do anything.

Quote from: o_e_l_e_o on February 03, 2020, 06:36:35 AM

Quote from: LbtalkL on February 01, 2020, 06:33:19 PM

I suggest not to try KYC with websites that do not have a third party KYC Service, having a third party service will make your mind at ease but of course, a reputable service just like Binance is using "Refinitiv" is decent one.

Why is a company using a third party service safer? I'd argue the exact opposite. Companies often tender this out to the lowest bidder, who invariably have very poor security. It also means your KYC documents are being shared around with more people and with third party companies, so there are more opportunities for a malicious employee to access them or a hacker to steal them. Your Binance example is a poor one considering they were hacked for thousands of users' documents and information just a few months ago.

Quote from: nullius on February 02, 2018, 11:11:48 PM

I’ve never submitted to any “KYC” identity-rape doxing for anything whatsoever even remotely related to Bitcoin. On principle, I never will.

Any mad hatters want to cap that head of mutton with a cluestick!?

Quote from: Cratoon and masses of other greedy ovine idiots (translated) on Today at 07:06:25 PM

[🚀🤩🤩🤩🌙🤩🤩🤩🚀]

Quote from: nullius on Today at 07:11:33 PM

Quote from: nullius on November 13, 2020, 09:44:35 PM

—then I would be much happier than I will be to see my modest stash “moon” as I lose my tiny little sliver of financial freedom.

P.S., that is in the so-called “Serious Discussion” forum. Roll Eyes

Quote from: nullius on November 14, 2020, 05:31:18 PM

Quote from: suchmoon on November 14, 2020, 02:39:22 PM

Also there is literally a board named "Serious Discussion". That's where serious discussion can go without being subject to the uncertainty of a special excempt self-mod thread.

Arguing against my expectation that I can safely post serious discussion outside of the forum named Serious Discussion—are you serious!? Roll Eyes

Quote from: friends1980 on November 14, 2020, 03:00:16 PM

I think nullius' posts are a category of their own and maybe Serious Discussion > Ivory Tower > Nullius' Dungeon might be a solution to avoid having his posts deleted from the WO in the future. Cool