Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Jaguar on September 02, 2020, 07:04:25 PM
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?
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That has nothing to do with someone's desire, it is being added due to requirement by regulators and governments worldwide. So to survive in the market cryptos had to follow the instructions from governments and regulators otherwise they can take action against these coins or ban them.
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If look at the basis of crypto is decentralization, there is no need for KYC, so I say crypto has developed from time to time so people also understand to avoid money laundering and government regulations. who need to do KYC when crypto to fiat withdrawals.
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?
Quite confuse with your statement. KYC is personal decision, if you dont want your details to give then dont. There are plenty of ways on how you can hide yourself from this. Some projects and exchange using KYC for protection purposes but that isnt mean they are gonna screw up your files. I know its bit sensitive but it will always depend on you.
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According to the FATF decision, which came into force in June this year and is mandatory for more than 200 states, KYC is carried out only for the purpose of preventing money laundering and combating the financing of terrorism. Transactions over one thousand euros become monitored by states. Therefore, all transactions less than one thousand euros cannot be subject to KYC verification.
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I think both are correct. We are changing crypto-currency policy and crypto-currency is also changing ourselves. First people don't know about crypto and there by they were reluctant to accept it. Now crypto-currency has occupied a larger part of the world and this area is expanding day by day. It has changed our mind, our thinking, our works and also our transaction in different ways. Besides, to accept it, different countries are changing different crypto policies where we are changing crypto.
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Cryptocurrency is a human-created asset. But because it was created by people with great vision, it positively changes all of humanity. This change and development process has to go on for both sides.
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I think we change the cryptocurrency and it changes us. Because thanks to blockchain and cryptocurrency, we are improving and inventing something new.
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Where you need to go through KYC, you can bypass such places, and in general, of course, people constantly come up with something new and change the various possibilities of cryptocurrencies.
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?
Some projects really well but why they arrange kyc procedure. Some times illegal companies steal the personal information via kyc documents. I hate kyc documents due to threaten my personal privacy.
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This is true that Crypto market changes day by day. Personally I never particate in KYC because this is risky to provide our personal documents to unknown perosn or team .
I just approved KYC on blockchain as well as on binance exchages .
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Yes, people are changing cryptocurrencies. Again cryptocurrency is changing people. Because of crypto currency many people are living a simple and beautiful life. Cryptocurrency has a role to play in living a simple and beautiful life. Many people have improved. Their standard of living has improved a lot. From their point of view, cryptocurrencies have improved a lot, meaning they are benefiting from each other. So I think it is needed. Cryptocurrency kyc is much better.
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Everything is in constant motion and development. Of course, people come up with new uses for cryptocurrency and it is changing. At the same time, we are gaining relevant experience and practice, so we are changing too. The main thing is that we do not even know where the development of cryptocurrency can lead and how much it can change in the future.
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I think that both influence each other and determine the development of this Cryptocurrency, without someone Cryptocurrency will not run, but because Cryptocurrency is also a lot of people get success. But in essence, this cryptocurrency was created as an anonymous digital currency. I don't know that in the future, all of them will require Identity for ownership of Cryptocurrency coins.
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The decentralized cryptocurrency has an open source code, so everyone can create their own cryptocurrency and change it, add new useful features. Therefore, of course, the cryptocurrency is changing and undergoing changes very quickly. Moreover, according to the laws of the market, only a cryptocurrency with useful changes that will interest investors can remain in this market.
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?
The passing of KYC to centralized exchanges I think is normal because they belong to the regulatory business under the lower branch of the government of a country. You wonder if a decentralized platform will provide KYC requirements to its users. And So to this day the crypto enthusiasts in this industry still remain anonymous as far as I know. There is also an exchange that I am using now that I have been using for several years and have also passed KYC so far so good in the times I have been experiencing here.
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but if you notice that in the beginning humans created and controlled crypto but now it seems as if we are being controlled, it looks like that, but in reality crypto is still being controlled.
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The KYC(Know Your Customer) system is added for the security of our funds and assets. It is added to avoid fradualent. Many people fraud using wrong information to avoid it companies ask for KYC. and the KYC system is mostly on centralized platforms it is not asked on a decentralized platform.
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Because of the safety factor for investors there are several cryptos that implement it. not everyone agrees that crypto currency is decentralized because it is different from the purpose for which crypto was created. This change is an interesting thing to discuss
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Because there are so many projects so that developers will create the new ones with different concept. As long as it is accepted it doesn't matter. But surely, the ideal concept of crypto is decentralized, but this seems litle biy changing for many cryptocurrencies.
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I don't think people change crypto, people only use crypto for their own purposes. Basically, Satoshi made Bitcoin as a digital currency but people made it as a digital asset/investment. However, it doesn't mean people change it, people only use it with a different purpose. By the way, for new altcoins, people have improved many things for their fundamentals, it may be a bit different with Bitcoin. But once again, I think it doesn't mean people change it, people only improve it!!
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decentralization is what crypto was created and used for. centralization is only an option and not too dominant in crypto. the change is only limited to the community who wants it without having to change the function of crypto
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
If we talk about people that have multiple views, anonymous is only a subset of what people want. Some want anonymous, some want pseudonymous, and some don't care about these things. It's not that people changing crypto but more of the government/law started to take action and these pro-anonymous people are losing.
I'm more aligned with Bitcoin's pseudonymous nature than Monero et al. anonymous system simply because historically, anonymous system always lose, thus not feasible without a big change in the government.
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We can’t say one is changing the other. The truth is that both are having a great influence on each other. Crypto has been a boon for people and these days it’s even getting better. People are using crypto in even daily life activities and I’m glad that a lot of shops, malls, clinics, and gas stations have started accepting crypto as payments. This technology is making our lives simpler and easier.
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if shops accept crypto I think I've heard of it, but if malls, clinics and gas stations accept crypto as a means of payment, this is the first time I've heard of it. in which country did it happen?
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We enter the market, the market changes us and we change the market. Potential tokens attract investors' attention, and investor participation also makes those tokens popular and grow in price. Investors create selectivity for projects, although market makers are the real masters of this financial game.
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I think it goes both ways. Cryptos are changing how we view money and sparks questions to ask. People's preferences and sentiments about crypto also affects the markets at the same time.
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The way crypto has become famous. People have adopted it. Looking at him, everything seems possible. However it will take time. Everyone wants to get good profit in less time. That's why people are getting attracted towards crypto.
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Both We are changing as well as Cryptos also changing us. It was introduced as a decentralized but now we have Centralize exchange, and privacy coins also so things will keep changing from time to time according to the market demand and conditions.
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I think anonymous coins will only continue to be tightly controlled if the crypto industry is regulated.
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people change cryptocurrencies and vice versa because they are interrelated and profitable as a means of payment for trade, art and more
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Crypto hasn't only rocked the financial world. It's also shifting the cultural world as well, as blockchain technology has transformed concepts like ownership.
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Blockchain technology has also changed the art market, thereby creating a huge new market for NFT art.
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I am also surprised to see the current development of crypto, just like when you play the Sandbox game, you are required to do KYC to participate in some events, I hope decentralization will always be an important point in crypto, we have seen many DeFi platforms and web3 platforms that really have great idea for long term
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Why don't you call it an innovation? Having more types of crypto aren't bad signs, right? It shows us that crypto is developing and has varied concepts and utility. So, creating centralized coins and stable coins doesn't mean changing crypto world, it is a form of development in crypto. People always have a new idea to improve or develop something, it is also done in crypto. Because of these matters, I disagree if you call it as changing crypto.
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?
I think crypto currency change us.
But talking about KYC , I think It's just the way to reduce scammers
Although crypto is anonymous, but at presale, project teams have rules.
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Yeah, crypto change us and I think we also change the rule of crypto to reduce scammers with KYC.
That's good, because there are many scammers there.
Crypto is anonymous, it's teh reason why the govt against crypto
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KYC is required for trading and IEO in every crypto CEX exchange, currently Launchpad platforms like Pinksale are doing token sales without KYC, but the project team has to do that so investors don't get scammed, lots of successful anonymous projects like Bitcoin, transactions with privacy coins like Monero , this is a choice and everyone can choose the coin they want, because in general projects are made to provide convenience in making transactions, until now there are still many people who use Coins only for investment and not for transactions.
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Cryptocurrency has been changing the lives of people and organizations for a long time, there is only one problem that needs to be fixed, this is fraud, which can be changed somehow.
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I think cryptocurrencies are developing very fast and there have been cases of money laundering and other criminal acts so a centralized platform that is regulated is required. This is something needs to be done to minimize crime in cryptocurrencies.
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I think crypto was designed to do payment anonymous without any identity leak, but people's demands are changing and which is encouraging many changes in the crypto environment which may not be good for the term crypto in the long run, like the government wants all the data of the exchange who is sending how much crypto and charging taxes on it, which somewhere questions anonymity of the term crypto, as these government agencies can easily track any person and get complete data from exchanges as people have to go through KYC procedure which is mandatory and cannot be skipped by anyone.
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I think crypto was designed to do payment anonymous without any identity leak, but people's demands are changing and which is encouraging many changes in the crypto environment which may not be good for the term crypto in the long run, like the government wants all the data of the exchange who is sending how much crypto and charging taxes on it, which somewhere questions anonymity of the term crypto, as these government agencies can easily track any person and get complete data from exchanges as people have to go through KYC procedure which is mandatory and cannot be skipped by anyone.
You are right, crypto should anonymous, but people change crypto with KYC for their projects and exchange.
But It's just way to reduce scammers there.
So I think It's not big problem.
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I think KYC is good way to reduce scammers, As many people said above.
But we know crypto basic is anonymous.
Maybe it will be consideration, just ask KYC at pre sale and project team.
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There are whole farms for automating the KYC process...another thing is for it to have a beneficial effect on the industry, and not become another tool for surveillance
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The government is in full swing implementing a rule among the people about Cashless payments. It is cashless payments using cryptocurrency in the future that will be the basis of interaction between the buyer and the seller.
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?
Yeah, I think we should have rule to reduce scammers at crypto world.
KYC is one of the good way to reduce scammers there.
I think crypto must be have the rule. It's the reason, so as the government will allow crypto
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I do not think that the fact of the widespread introduction of kyc will reduce the number of scammers.Moreover , many of them use entire farms of fake kyc .
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It is necessary now not to change the cryptocurrency, but to buy and invest in various projects at a low price, in order to then get a huge profit.
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Cryptocurrencies are a form of money that is not regulated by any central authority. There is no legal requirement to perform KYC. It is entirely up to you to make a decision, possibly for reasons pertaining to safety.
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Cryptocurrency is changing us or we are changing cryptocurrency, the answer is not so simple but something is changing. But yes cryptocurrency has definitely changed my life, it has become a means of earning income for me.
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Cryptocurrency changes development technologies and facilitates the work of people in organizations, yes, you are right that cryptocurrency is like generating income. Another question is whether they are changing our lives now or not.
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?
First, we know that cryptocurrency is created by humans. If we can, we have hope and the opportunity to earn money online. In short, cryptocurrency is an instrument that can help us change our lives if we use our understanding of it correctly.
Now, if anyone wants to have KYC among crypto users, it is probably to prevent our assets from being stolen by exploitative people such as hackers and others.
Also, I don't see anything wrong with KYC, as long as our assets will be safe, it's okay with me as long as it's on legitimate exchanges that know if they can help me, why not, and that's fine with me either.
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Cryptocurrencies are a form of money that is not regulated by any central authority. There is no legal requirement to perform KYC. It is entirely up to you to make a decision, possibly for reasons pertaining to safety.
You are slightly mistaken. The use of KYC in cryptocurrency is regulated by the recommendations of the FATF interstate task force, which are mandatory for their implementation by more than a hundred states. So, according to the FATF recommendation of June 19, 2019, KYC can be used to combat money laundering and combat the financing of terrorism, provided that the transaction is over one thousand euros.
KYC cannot be applied to bounty campaigners as they do a certain job without investing their own money.
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Cryptocurrency is changing us or we are changing cryptocurrency, the answer is not so simple but something is changing. But yes cryptocurrency has definitely changed my life, it has become a means of earning income for me.
Here, in any case, we can say that the influence is mutual: cryptocurrency changes people, and people change cryptocurrency. So our world is constantly changing. People in this market are gaining experience and at the same time they are creating a more user-friendly and perfect cryptocurrency. I hope this will always be the case.
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Cryptocurrency is changing us or we are changing cryptocurrency, the answer is not so simple but something is changing. But yes cryptocurrency has definitely changed my life, it has become a means of earning income for me.
me too, crypto currency has changed my life, my income.
and I think it's also changing the technology.
that's the fact.
I think it's good for us and also for technology.
Everything will be crypto at the coming future.
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Yes, it's great, but it will take a long time before the cryptocurrency seamlessly enters our lives.
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I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?
TBH crypto currency change my life, I have gained profit from crypto currency and can fulfill my needs.
That's good for my life.
But for now, I think people also want to change crypto, but no matter.
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Blockchain technology has also changed the art market, thereby creating a huge new market for NFT art.
Absolutely, art works are now available to buy and sell in digital market specially in crypto sphere. People intelligence is at another level. NFT become widely accepted recently but the hype decrease as usual we know it is seasonal. There are nft that really so much valuable and there are cheaper nft that dump unexpectedly. Now the trend is not focus in nft rather web 3.0 is coming.
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initially, the main advantage in cryptocurrency was anonymity and decentralization, now few people are talking about it...it is possible that attackers use anonymity and this is the most important problem for cryptocurrencies
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initially, the main advantage in cryptocurrency was anonymity and decentralization, now few people are talking about it...it is possible that attackers use anonymity and this is the most important problem for cryptocurrencies
Yeah, you're right the advantages of crypto is anonomity.
But I think the government against it.
So, people should change crypto currency.
Because if anonymous, it will be misused by illegal activities
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initially, the main advantage in cryptocurrency was anonymity and decentralization, now few people are talking about it...it is possible that attackers use anonymity and this is the most important problem for cryptocurrencies
Yeah, you're right the advantages of crypto is anonomity.
But I think the government against it.
So, people should change crypto currency.
Because if anonymous, it will be misused by illegal activities
I do believe in the future crypto will become legal and widely use globally as per as I know we the world is now aiming to enhance digital aspect. As we can see how programming, code, robotics, rockets and transaction use in digital way. Someday everything will be legal however not everything will be use correctly. Bad people and wrong motives always exist in this unfair world.