RE: Minnows: This is your chance to become a Whale!

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Minnows: This is your chance to become a Whale!

in contest •  6 years ago 

Ugh dont want to do KYC. Why is it still needed nowadays. Dont it have a minimum allowed transaction that doesnt need KYC?

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contest
6 years ago by

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      ·  6 years ago 

    I recall XLM give away was $25 and needed a KYC. This is a lot more so natutally KYC is needed to avoid 1 person claiming all of the reward.

    You know it... if there wasn't a KYC required, people would abuse it.

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        ·  6 years ago (edited)

      I just signed up but not ready to do the KYC. I have done many KYCs before and have lost count of them and have forgotten when and where I did so. Now I worry that the sensitive information I have given away may come back to haunt me anytime. As for XLM it is through blockchain.com an established company, yet I didn't do the KYC and gave up the $25 worth of XLM. I don't know who these CBNT guys are. Not comfortable at all. Since Zero Knowledge Proof technology is available I don't see why KYC's are still insisted upon.

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      2 votes
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        ·  6 years ago 

      Your datas are probably already sold to some 3rd parties if you went through so many KYC @devann :/

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        1 vote
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          ·  6 years ago 

        Hi @crypto.piotr, yes that is probably true.

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          [-]
            ·  6 years ago 

          That's alright. You still get to use the platform and receive content rewards. :)

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            [-]
              ·  6 years ago 

            How about the privacy of our documents? How are we sure we are safe?

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              [-]
                ·  6 years ago 

              All I can say is that the team's past work adds up to decades of combined experience with work that twines data security.

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