KYC of bounty hunters

[bosshyip]

Avoid, new precedent trying to be set, the more people the give in, then you'll have to give you info out for every single airdropped/bounty out there.
It's very dangerous for you to trust these non-reputable individuals with your information and for the future of cryptos as a whole, yet no one is discussing this.

You can blame Polymath for this, they don't want to work harder filter to filter puppets, so instead they want your ID.


Edit: There is probably nothing we can do to stop this, because the vast majority of people trying to do airdrops are very likely to hand over their info without a second thought. This has major repercussions, some of the worst repercussions we will see ever in crypto.

The best thing you can do if you're reading this, is to not give in to these new information whores, who are more than likely to flip your IDs on the darkweb for a profit.

[Jaguar]

You have some points but I think not all campaigns that requires KYC are the same in motives. Although giving your personal information is very risky because it can be dangerous for you and for your private properties such as banks accounts name, health benefits card and etc. There are people who have ability to access by knowing your full name and address. Not safe but we should keep calm.

[Icon]

I personally do not like it when i participate in a bounty and am asked to provide my details for KYC. But the fact is, if you do not provide too they wont pay u

[sturec22]

I think it is really really risky to do KYC even though the bounty is really worthy.
Okay it may be rated 4.90 on ICOblabla website but don`t forget this, most of those ICO websites get paid for listing ICOs (i dont mean all)

Even though the project is really promising and real, their database can get hacked and your identities can get stolen.
Reddit has crazy posts about these...

[altcoingamer]

Avoid, new precedent trying to be set, the more people the give in, then you'll have to give you info out for every single airdropped/bounty out there.
It's very dangerous for you to trust these non-reputable individuals with your information and for the future of cryptos as a whole, yet no one is discussing this.

You can blame Polymath for this, they don't want to work harder filter to filter puppets, so instead they want your ID.


Edit: There is probably nothing we can do to stop this, because the vast majority of people trying to do airdrops are very likely to hand over their info without a second thought. This has major repercussions, some of the worst repercussions we will see ever in crypto.

The best thing you can do if you're reading this, is to not give in to these new information whores, who are more than likely to flip your IDs on the darkweb for a profit.

I 100% agree.. aside from the obvious dangerous security risks it just adds to the time it takes which makes the profit less worth it.. I refuse to give into this, and have noticed it becoming a trend. 

[Caspian9]

I made a decision not to do KYC anymore with every project.  Maybe if the project is too good to pass then I may jump in. Happy to recieved polymath though. But the hydro Airdrop is the best I've done so far.

[chipr]

I agree with most of what's been posted and do not believe that KYC process is necessary, or should be required, for the purposes of bounties.


It is actually mostly to track very large amounts of cash, fiat, that instead of showing up as a bank deposit (laws in many countries already exist regarding that, i.e., where did all that $$ come from - monitoring) if the single amount is > $10,000.00 USD.

In the crypto world the exchange is where one can, if engaging in illegal cash activity, deposit a very large amount way above $10k and can avoid it being detected, traced to them, and therefore either:


1. After withdrawal, it is money laundered since there will be a record of where the money now came from... or better purchase something tangible, a car, a house. No more illegal money.

2. Use largely as a means to evade tax evasion; often it will be both no.1 and no.2.

But since the vast majority of people, even those in crypto, are not using it for engaging in illegal purposes it does seem an invasion of privacy.

So, no it should not be done for bounty. But KYC upon opening exchange account or ICO, is likely here to stay and a way for govt's to get those reports of deposits above said amount to check against lists of known criminals for drug, human trafficking and money laundering.

[altcoingamer]

I agree with most of what's been posted and do not believe that KYC process is necessary, or should be required, for the purposes of bounties.


It is actually mostly to track very large amounts of cash, fiat, that instead of showing up as a bank deposit (laws in many countries already exist regarding that, i.e., where did all that $$ come from - monitoring) if the single amount is > $10,000.00 USD.

In the crypto world the exchange is where one can, if engaging in illegal cash activity, deposit a very large amount way above $10k and can avoid it being detected, traced to them, and therefore either:


1. After withdrawal, it is money laundered since there will be a record of where the money now came from... or better purchase something tangible, a car, a house. No more illegal money.

2. Use largely as a means to evade tax evasion; often it will be both no.1 and no.2.

But since the vast majority of people, even those in crypto, are not using it for engaging in illegal purposes it does seem an invasion of privacy.

So, no it should not be done for bounty. But KYC upon opening exchange account or ICO, is likely here to stay and a way for govt's to get those reports of deposits above said amount to check against lists of known criminals for drug, human trafficking and money laundering.

Nice added information to this post, awarding karma.

[divine75]

Avoid, new precedent trying to be set, the more people the give in, then you'll have to give you info out for every single airdropped/bounty out there.
It's very dangerous for you to trust these non-reputable individuals with your information and for the future of cryptos as a whole, yet no one is discussing this.

You can blame Polymath for this, they don't want to work harder filter to filter puppets, so instead they want your ID.


Edit: There is probably nothing we can do to stop this, because the vast majority of people trying to do airdrops are very likely to hand over their info without a second thought. This has major repercussions, some of the worst repercussions we will see ever in crypto.

The best thing you can do if you're reading this, is to not give in to these new information whores, who are more than likely to flip your IDs on the darkweb for a profit.

will thanks for this good advise bro,actualy mostly bounty hunters or those ICO investor are dont like much those ICO implementing KYC,because at the first  its against the law created by Mr.nakamoto,in order to protect our asset we must hide our real identity .while in the other hands we could not guaranty that those we submitted  personal information could not be use against us,like example that its can be used in ISIS group or any kinds of illegal activities.

[SuccessManiac]

KYC is not really necessary for bounties. I believe in anonymity and that bounty hunters should remain anonymous. Data obtained by these people can be used for dubious purposes.

[Alpha]

I agree with most of what's been posted and do not believe that KYC process is necessary, or should be required, for the purposes of bounties.


It is actually mostly to track very large amounts of cash, fiat, that instead of showing up as a bank deposit (laws in many countries already exist regarding that, i.e., where did all that $$ come from - monitoring) if the single amount is > $10,000.00 USD.

In the crypto world the exchange is where one can, if engaging in illegal cash activity, deposit a very large amount way above $10k and can avoid it being detected, traced to them, and therefore either:


1. After withdrawal, it is money laundered since there will be a record of where the money now came from... or better purchase something tangible, a car, a house. No more illegal money.

2. Use largely as a means to evade tax evasion; often it will be both no.1 and no.2.

But since the vast majority of people, even those in crypto, are not using it for engaging in illegal purposes it does seem an invasion of privacy.

So, no it should not be done for bounty. But KYC upon opening exchange account or ICO, is likely here to stay and a way for govt's to get those reports of deposits above said amount to check against lists of known criminals for drug, human trafficking and money laundering.

Nice added information to this post, awarding karma.

His post is actually good but not karma rewarded. It wasn't his original idea it was from other and he just edited and post here.

[Lwtelencee]

KYC for bounty can't make help becausethis can cause un safety for the identity of bounty hunter.

[BlackWidow]

Why do they need my personal information? Why should they know more about my personality than I need? It seems to me that later these data can be sold to someone else. I'm absolutely against the KYC for bounty hunters

[averyasha05]

I agree with the above, I do not see any explanation why the personal data for the hunters behind their heads. We are not investors and do not go with large sums. Originally the currency of Crypto was different in that it is anonymous.

[altcoingamer]

Why do they need my personal information? Why should they know more about my personality than I need? It seems to me that later these data can be sold to someone else. I'm absolutely against the KYC for bounty hunters

Their claim is the legality of selling or promoting securities tokens will come back to haunt them if the SEC starts banning securities tokens from unlicensed exchanges.. of course, Ethereum, which can't be labeled really as anything but a security was deemed not a security by the SEC so who the hell knows.. I think its mainly just overly cautious legal proceedings or just scam coins trying to steal identificaiton.. you choose... I think you're probably right though that it's no ones business.