Post
Topic
Board Beginners & Help
Re: KYC is dangerous and useless.. but Monero partially solves that.
by
KingsGambet19
on 07/02/2021, 10:38:54 UTC
I think we can get along with the trend in doing KYC as it seems everywhere in our sorroundings there are always identity exposure.

Actually some people does not care with their identity exposure as long as they can do what they want. Yes, they know the bad side of KYC but this doea not affect them. In cryptocurrency the ideal which Satosi Nakamoto wanted was to keep in decentralized and being anonynous. This is why until now he did not show up and just like a bubble he just pop out and no where to be found.

Whether we like it or not, KYC is already inculcated in everys system and we will not hope that out of thousands or millions of peope doing KYC we will not be the unfortunate one to become the subject for abuses.

Still, my advise is to keep away doing KYC as much as possible and only do it if you think that you do not have any other options left.