I really want KYC.
So many people have confessed to me using multple wallets to farm.
It needs to be 1 airdrop per person.
KYC is a must
I really want KYC.
So many people have confessed to me using multple wallets to farm.
It needs to be 1 airdrop per person.
KYC is a must
I don’t think this is the right approach because it goes against the ethos of the crypto community - this is why we initially started this venture, because of the anonymous and decentralised nature of the network. There will be huge backlash from community if they require KYC (eg. Holograph)
I almost agree with you, but I use multiple wallets organically for security reasons as I’m actively in defi and constantly link clicking and signing things, can’t afford to nuke one wallet. In fact I have five eth wallets for security, two mains and 3 Sol wallets.
If I don’t get the airdrop on multiple wallets when I used them organically, personally I consider that to be bullshit.
My guess is MOST people dealing with six figures + have multiple organic wallets and anyone with 7 figs that only has a single hot wallet is quite frankly (hot take) an idiot
Obviously you shouldn’t be able to KYC into 20 or maybe even 5 wallets, but only one would be silly from my perspective.
Feel free to disagree with that, probably an unpopular take for anyone only on one wallet but pretending anyone using more than one is a Sybil is objectively stupid.
Not a fan of KYC in general but I’d accept it assuming this isn’t showing my passport for $50 etc
I would agree.
Imo, the kyc criteria for the airdrop does not sit well with Jupiter as a platform being a DEX.
The definition of DEX has nothing to do with KYC.
X staking 500 Jup in 1 wallet
Y staking 500 Jup in 5 wallets
Let’s assume, up to 1k stacked Jup, every wallet gets 200 Jup from Jupuary.
How is that fair for X? Why should Y get 5 times the amount?
Imo, every sybil should be excluded from any kind of reward.
I’ve been saying this for a long time but I like the idea of creating sanctum-type profiles with a maximum amount of 3 wallets. This has worked well for the health of the token and distribution over the community. large capital investors was not a positive point but still the success of cloud has been reflected despite the fud the first weeks due to the distribution of its airdrop
So while KYC often means that you do have to prove your true identity, there are sort of anon KYC options (you don’t need to give your true ID) which have been successfully used on many airdrops during this year.
Also as said, they can let people bring certain amount of wallets under 1 KYC. As long as they treat these multiple wallets similarly to if it was just one, the person with several wallets won’t get any benefits having more than one but can combine the volume of all those wallets into 1 identity (as an example and assuming volume would be one criteria to get airdropped). Just remember that this is just my idea, the team hasn’t said or hinted anything regarding this.
And even if they require a full KYC for what ever reason, then it’s up to a person if to provide that or not.
Proof of Humanness could be something as benign as a CAPTCHA.
It doesn’t have to be KYC and very likely won’t be. That undermines a central principle of crypto.
Doesn’t KYC go against the fundamental beliefs of crypto?
Definitely agree… it’s about security and I’m sure the team is in agreement with this. I believe they are looking for the industrial farmers.
i would say yes and no. it always depends on the area, you can move anonymously in the space, load money anonymously into your wallet and do what you want with it. I see more of a problem with later withdrawals to your bank account, as you then do this via a CEX, i.e. virtually via a bank. And the bank naturally wants to know who it is dealing with. I think KYC will be rolled out more and more, as the governments want to make money from all of us, at least that’s the case here in Germany.
Personally, I’m not a big fan of KYC either, but I think and hope that more and more applications will be introduced so that profits can be paid out anonymously.
We’ll just have to visit more crypto friendly countries! lol
Yeah but it will be bullet proof in harrying Sybil’s.
I don’t mind doing it. We got nothing to hide
Not at all. It’s the exchange one that info and not a government organisation. This is different kind of KYC, in fact should be called that for the sake of this airdrop .
Let’s call it “Sybil identity protection”
If I were to receive a reasonable amount of gifts, tokens, or airdrops and was required to complete KYC to prove I am not a bot, I would willingly do so. I don’t see the issue here. The KYC process would serve a specific and justified purpose—ensuring fair distribution and verifying legitimate recipients. As long as the team requesting the information is transparent, uses it solely for this purpose, and adheres to their obligation to keep the data confidential and dispose of it afterward, I find it reasonable.
The emphasis on absolute secrecy in crypto, even in cases where it is unnecessary, can sometimes feel excessive. While privacy is a fundamental pillar of the crypto space, there’s a balance to be struck, especially in situations like these, where proving authenticity benefits everyone involved. Blanket rejection of KYC in such contexts could hinder progress and the ability to prevent abuse, such as bot exploitation. Responsible implementation of KYC, with strict data security measures, can align with the principles of fairness and accountability in crypto without compromising its broader ethos.
You couldn’t have written this any better. That’s exactly how I feel!
I feel like too many people hide behind the idea of crypto privacy/secrecy to sideline basic common sense. I respect everyone’s perspective, but that’s my honest take on the KYC issue, bro.
I’m not against anti Sybil measures… I just want to protect what’s on chain… that’s all. And if it’s a requirement, I have no issue with it.
We must ensure that our countries become crypto-friendly
Exsactly what I think too