Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Forum related => Topic started by: PRIBO247 on October 15, 2018, 01:14:58 PM
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There are many projects who include kyc for bounty hunters. As far as I know, kyc ( Know Your Customer) ought to be for investors so as to checkmate any form of money laundering. So why is this being applied to bounty hunters? Can someone explain this?
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Maybe in this way will eliminate the fake participation,but what is worst they not announcing you need to do KYC before to start the bounty only after the bounty its over.
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Some of them are required to know the hunters, example of bounty websites that required KYC are the CCX , dominum etc.
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I think that idea is very good.
Cause this way will minimize fake accounts and will benefit another bounty participant.
But for bounty hunter I think to warn for selecting project. So, the project will not scamming you.
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Maybe in this way will eliminate the fake participation,but what is worst they not announcing you need to do KYC before to start the bounty only after the bounty its over.
This is exactly my point! There is no pre-information before joining bounty. But at the time of payment, kyc is presented. This I think is fraudulent on the part of the Project host. Non?
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Maybe in this way will eliminate the fake participation,but what is worst they not announcing you need to do KYC before to start the bounty only after the bounty its over.
This is exactly my point! There is no pre-information before joining bounty. But at the time of payment, kyc is presented. This I think is fraudulent on the part of the Project host. Non?
This is a mistake of the bounty manager or whoever who controls bounty hunters, they are using their advantages to miscommunicate with participants, wth. Let their conscience destroy themselves
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OP, I think there is a better section to discuss bounty related topics than this one. Let us try to post topics that are forum related here.
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It shouldn't be necessary in my opinion. It should be necessary for participating in icos though, because you give them money. But in this one you're doing a work and they pay you some money in return. This transaction should be easy.
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It shouldn't be necessary in my opinion. It should be necessary for participating in icos though, because you give them money. But in this one you're doing a work and they pay you some money in return. This transaction should be easy.
It should be easy but it is usually not.
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OP, I think there is a better section to discuss bounty related topics than this one. Let us try to post topics that are forum related here.
I beg your pardon sir but this issue actually is forum related because, when these projects/bounty managers keeps springing this kyc on bounty hunters without pre information, those hunters who cannot meet up with this requirement become unhappy. And I believe, when hunters are unhappy, it affects the forum No?
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It depends to the CEO terms and rules but with regards to bounty hunters KYC is not necessary. Some KYC is given atthe middle of the ccampaign or at the end of the campaign that's unnecessary. Anyway, that's unfair if it was not stated in the terms and rules.
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Some of them are required to know the hunters, example of bounty websites that required KYC are the CCX , dominum etc.
Many bounty require Kyc but many bounty campaign don't require Kyc. I don't like Kyc because maximum Kyc which is done by me is rejected.
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I strongly agree with KCY application for bounty hunters, but I still have big questions with this requirement. (1.) How safe our personal identities given to them? (2.) Who guarantee our secret data? I imagine if we have a third party, that can guarantee the data.
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I strongly agree with KCY application for bounty hunters, but I still have big questions with this requirement. (1.) How safe our personal identities given to them? (2.) Who guarantee our secret data? I imagine if we have a third party, that can guarantee the data.
Your questions is a sound one! This is one of the reason I dislike kyc because the privacy and safety of your submitted data is not guaranteed!
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I strongly agree with KCY application for bounty hunters, but I still have big questions with this requirement. (1.) How safe our personal identities given to them? (2.) Who guarantee our secret data? I imagine if we have a third party, that can guarantee the data.
Third party is the first instance who will sold our data.I don´t trust any third party.
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I think the main resolution of KYC for bounty participants is to restrict fake or multi-account which cheating their system.
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~snip
Third party is the first instance who will sold our data.I don´t trust any third party.
So, do you have a better idea for this condition?
Actually, I only believe in a trusted and reliable third party. I will never trust with unclear platform or company with lack of experience as the third parties. I am the same with others, don't want to risk my personal data with any ways.
However, this is only my opinion, so If you have a better solution, I will agree with you as long as It is reasonable.
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~snip
Third party is the first instance who will sold our data.I don´t trust any third party.
So, do you have a better idea for this condition?
Actually, I only believe in a trusted and reliable third party. I will never trust with unclear platform or company with lack of experience as the third parties. I am the same with others, don't want to risk my personal data with any ways.
However, this is only my opinion, so If you have a better solution, I will agree with you as long as It is reasonable.
Only solution is not to join Bountys where KYC is needed.I have no better.
From other side,cryptocurrency should be decentralized and now some smart people want to do KYC.So that everyone and even government knows that you possess crypto.If they not reach soft cap they can sell our data.Ok. But there are even smarter people,they call themselves Third Party,they can make KYC more profesional.They take money 2 times,from ICO and from anyone who needs some data.
Don´t think that you can buy crypto anonymously in WWW.You always leave some traces.All that talk about money laundering and such..just cheap excuses to grab your data.And to find you if you not pay taxes
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~snip
Third party is the first instance who will sold our data.I don´t trust any third party.
So, do you have a better idea for this condition?
Actually, I only believe in a trusted and reliable third party. I will never trust with unclear platform or company with lack of experience as the third parties. I am the same with others, don't want to risk my personal data with any ways.
However, this is only my opinion, so If you have a better solution, I will agree with you as long as It is reasonable.
What will be best in this situation? I think Bounty Managers should be held accountable. You must be able to be up front with the rules and regulations of any bounty you the manager is in charge of. Whereby, because of your carelessness or laxity, a bounty hunter is not paid for his/her hard work due to a kyc that was not mentioned before accepting to work in the bounty, you the manager should be held accountable to the aggrieved bounty hunter.
Secondly, I would also suggest the service of a trustworthy escrow party. Where this tokens are to be deposited and held in trust until after the bounty is over then hunters are paid after they have finished their work. Simple!
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KYC is required because there are instances that the investor are belong in bounty hunters. That is why it is necessary to announced KYC at the beginning of the campaign in order to be fair.
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KYC is required because there are instances that the investor are belong in bounty hunters. That is why it is necessary to announced KYC at the beginning of the campaign in order to be fair.
Is there anything wrong with being both an investor and also a bounty hunter? I see nothing wrong there.
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KYC is much needed for bounty campaign because it determine how legit the project is, in other reason it is one to control those wise participants who had multiple accounts to surpass other rewards getting from this project so KYC is one of the controller for the wise entry of this forum...
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Most times KYC is applied to bounty hunters because of SEC restrictions and also to curb fraud, some bounty hunters has this habit of trying to game the system and KYC helps to curb that.
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Most times KYC is applied to bounty hunters because of SEC restrictions and also to curb fraud, some bounty hunters has this habit of trying to game the system and KYC helps to curb that.
You are quite correct but on the other hand, I think that the cons of it fear out weighs the pros.