KYC, a red flag affecting the PI Blockchain

Currently I must admit that when it comes to cryptocurrency ways of earning or making ends meet are endless. This is one thing that made me to love cryptocurrency and the blockchain at large to the fullest. Whenever you are talking about cryptocurrency I sees it as opportunities to learn and also to make money while learning. There is nothing sweater seeing that there is a system that can reward you deep down no matter what. There is one post where I talked about the various medium where we can make ends meet through cryptocurrency, I was happy on that post as I was able to see a lot of good feedback from what I blogged on that day. It was interesting seeing different people from different race dropping comment about how they started cryptocurrency and how they were able to use what they knows, to be able to make money from the cryptocurrency ecosystem and the blockchain at large. Once again seeing that such thing is possible gladdens my heart amazingly and fantastically well.

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Since I came across cryptocurrency I will say that I have never seen a project struggling with KYC. In case you don't know, KYC simply stands for know your customer. It is a very easy exercise and medium which is being carried out by project owner or owners for them to be able to fight against scam and curb it. Since such exercise requires you to be able to upload one or two means of identification, it is hard to see scammers undertaking this part. If in any way you try to trick the system, the system will surely red flag you. As for your information, many of the know your customer are done by Artificial intelligence, A.I, while some of the know your customer exercise are done by humans. In whatsoever ways that it is done, just ensure to knows that the exercise is to curb scammers and for the real people to be able to enjoy the blockchain which they genuinely engaged in. The ideas of Know your customer has been running for a very long time as almost all cryptocurrency project loves it. Many people hates to do or take part in the know your customer exercise because they sees it as a service that helps to sells their information out. Because of that singular act, they hate to engage in such act.

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The idea of know your customer exercise is a welcomed development to me but I am surprised that many people are complaining about how the P.I team have been handling the know your customer exercise, it is just too poor. Permit me to tell you about different cryptocurrency project which I have come across and I have undertaken their Know your customer exercise, I must admit that their know your customer exercise has proven to be simple and easy as those project delivers well. Take Binance exchange as a case study, do you knows that the period I partook in their know your customer exercise, I failed the verification process countless times. Do you knows that I keep uploading different document till I get it right. If I fails they will open the KYC part for me again, that is how I keep repeating it till I passed it. With the large user base of Binance exchange their customer service as per Kyc is one of the best. I am wondering why P.I can't copy from such a good system and use it to run their KYC.

Do you knows that when it comes to know your customer exercise P.I blockchain score should be 0. How could they be releasing know your customer exercise little by little. The one that makes it worse is that the moment they fails to approve your kyc you should just forget about second chance as you won't be allowed to redo your kyc immediately. It will take months and even unknown period of days if you will even be given the chance to re kyc. Many people are on this table, their KYC has been hanging for close to a year now, isn't this funny. If P.I continues like this it will be hard to get passed this stage. If they can't get passed this stage their mainnet launch will be in problem. KYC has been a red flag as it has affected the entire P.I network.

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I will end the post here, hope you love it?