In cryptoverse, it is a big risk, give your personal data to any legal, but basically grey-zone company. Okay, you do it in exchanges, and you have a hope, they keep it safe.
But deploy all of your identity data ONTO A TRANSPARENT, free to read blockchain, this is not risk, this is freakin' stupid thing.
Have you heard about the identity-steal?
The data is given to a company that does KYC for exchanges.
Not to "Byteball".
I guess I didn't explain that clearly enough.
The fact of the matter is that the success of the KYC process is registered on the blockchain and the "bot" that does it confirms it on the blockchain.
Ahm, okay, thats clear, and sounds much safer :)
Im just imagine that many id-card pictures in blocks :D
I'm glad that you commented with objective criticism, I am not the best of "writers" out there and often what is "crystal clear to me" is not relayed effectively when I put it on paper (on the screen).
Definitely appreciate the fact that you called me up on it, I wish more people would do that on topics such as this.
Cheers.
This is no problem.
If someone want to understand you, her/he can :)