Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: bosshyip on July 05, 2018, 05:34:54 PM
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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.
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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.
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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
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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...
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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.
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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.
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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 $$ come from - monitoring) if the single amount is > $10,000.00 USD.
In the crypto world the exchange is where one can, if engaging in illegal cash activity, deposit a very large amount way above $10k and can avoid it being detected, traced to them, and therefore either:
1. After withdrawal, it is money laundered since there will be a record of where the money now came from... or better purchase something tangible, a car, a house. No more illegal money.
2. Use largely as a means to evade tax evasion; often it will be both no.1 and no.2.
But since the vast majority of people, even those in crypto, are not using it for engaging in illegal purposes it does seem an invasion of privacy.
So, no it should not be done for bounty. But KYC upon opening exchange account or ICO, is likely here to stay and a way for govt's to get those reports of deposits above said amount to check against lists of known criminals for drug, human trafficking and money laundering.
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I agree with most of what's been posted and do not believe that KYC process is necessary, or should be required, for the purposes of bounties.
It is actually mostly to track very large amounts of cash, fiat, that instead of showing up as a bank deposit (laws in many countries already exist regarding that, i.e., where did all that $$ 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.
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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.
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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.
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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.
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KYC for bounty can't make help becausethis can cause un safety for the identity of bounty hunter.
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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
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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.
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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.
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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.
As what I hqve noticed KYC is not necessarily for bounty requiremenys because the fact was it can reduce the participants.
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I think they dont need to put kyc in their bounty because theres not an investors.They only working for bounty.
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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.
Im not in favor on the bounty campaigns that are asking KYC because theres a possibility that they can use our personal information into some illegal activities.
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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.
Agreed to you mate, all bounty hunters must remain anonymous thus they just help you project advertising just to be know in the public. Not necessary to have KYC.
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No one can stop the kyc if it will be implemented in the near future because today many are already adopting this style.
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I really don't like KYC for bounty hunters because it gets our personal information that possibly they can use in illegal activity in online.
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Is it true that if we leave our KYC to the Airdrop it will be misused? I think that depends on each of our beliefs. There are several projects in the ICO that ask KYC to know that our industry is clearer, some are used as tools for their own interests. But for me it depends on us who live
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I think asking for kyc is bad idea because our kyc information maybe used on illegal activities.
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Mostly time , I always trying to avoid such kind of airdops Because it's very risky to give our personal information to anyone . I doing my kyc on binance and localbitcoin only , after some days I will try here also .
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Many Bounties and airdrops are needed kyc to receive their token I think this is the bad ideas many airdrops are asking kyc for little rewards don't give for that.
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I think asking for kyc is bad idea because our kyc information maybe used on illegal activities.
KYC's bounty quite risky and very dangerous many who sell identity illegally would make the bounties hunters vigilant not to conduct KYC in bounties paid them the $ 4 it was so bad a personal data is very important to be misused by people who are evil and can in use for fraud.
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The more crypto market is developing, the more scammers are being active. So, it is very risky to share your personal information in any place. I will suggest to avoid the bounty campaigns which require KYC. You should make KYC only with the most trusted, safe and secured sites where it is obviously need. Just remind, your security is in yours.
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Kyc is a good decision of removing cheating, scammers from bounty campaigns project.
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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.
Yeah but unfortunately we can't force them not to apply that since it's their rights to apply the rules for their own bounty project. All we can do is to comply or just look another one which doesn't require. Sadly, recent legitimate bounty projects require KYC.
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I did not think that there is too much bountys who asked for kyc . Personally I never liked kyc becuase we need to provide personal information about us . Sometime that's is really Risky for us .
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I did not think that there is too much bountys who asked for kyc . Personally I never liked kyc becuase we need to provide personal information about us . Sometime that's is really Risky for us .
It can be used in illegal, we don't know if the person we are giving our personal information can be trusted. Sacrificing your important information for only small amount is not right.
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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.
IKYC particularly in bounty program it's unnecessary because bounty Hunters are not basically good investors though it is known to everyone but sometimes they asked for kyc. Its clear that they have one another aim . I think everyone should be careful to make kyc.
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You are right.This will leave important information in the hands of others.It is not right to give important information to others without good exchange.
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Kyc is the best process of identifying cheating, scam and fake participants. I like kyc verification.
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With the new laws and regulations surrounding crypto now, some project is obliged to request for KYC. However, that doesn't make it safe to give your personal info without a second thought. I will suggest that before anyone does KYC, be sure to DYOR about the project even if the reward is tempting. A lot of criminals out there luring the naives to give up their personal info. Be careful other guys
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Thanks for giving such an informative post. I am totally agree with you. Sharing personal Information is very much risky. Scammers are always active every where. By the name of KYC, they can hacked valuable information. So, I suggest to avoid those bounties where KYC is required.
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Kyc of the bounties projects Hunters a source of identifying scams participants. I appreciate kyc process very much.
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Kyc ( know your consumer) a identifying process of removing cheating and scammers. But some time many bounty projects want to kyc verified due to not paying payments. Digitalbits, basic finance.
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Know your consumer a process of knowing real idenfication. But many Hunters don't get payments due to successful kyc process.
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Recently, ICO teams have been demanding KYC from bounty hunters less and less. This, of course, scares off the participation of bounty hunters in the ICO bounty. However, not the least role here is played by the FATF recommendations of June 21 last year that KYC should be used for transactions over one thousand euros. Bounty hunters no longer receive new tokens worth over a thousand euros so often, so we don't have to go through KYC in other cases.
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KYC is the best proses of identifying fake participants, cheating and scom .
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A lot of projects require KYC for bounty hunters to receive money. I see some large projects that they will have some content security provisions. So when doing KYC, be careful with those who do not commit to security, because they will easily sell user information or use it for other purposes.
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I think at present time KYC is not required for bounty hunters. For bounty hunters now POA system has created so that manager can easily trace cheater. KYC now needed for investors as government project policy and some trading exchanges otherwise kyc not needed for bounty now. Because everybody now realize that personal data may be hacked and bounty hunters are innocent and work or small money so they should not be in problem.
thanks.
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I think if a bounty is managed by a reputable manager it's still nice to do kyc because of cheaters, but doing kyc for an airdrop of $10 - $15 does not really worth it
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In some bounty campaign some manager requires to provide kyc. It really not good at all. Because in kyc form your details information have to send to the authority of the campaign but the problem is that most of the scammer trying to take the strategy to take your details information. So always try to avoid kyc in bounty campaign. if need kyc then research and analyze then fill up the kyc form.
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KYC is the best proses of identifying fake participants, cheating and scom .
KYC is illegal for bounty hunters. It should only be used to prevent money laundering and to combat the financing of terrorism. Nobody can suspect bounty hunters of these illegal activities, since they do not invest their money. Those who demand KYC from bounty hunters can be prosecuted. It's just that no one needs it now.
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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
I am not interested in doing kyc. I am very much worried. If it required then i avoid the project or bounty.
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i never or will never give my id or my kyc to an airdrop manager because its an airdrop only , you will earn some bucks from it then probably you will exit their telegram channels so why i would take the risk with my information ..
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i never or will never give my id or my kyc to an airdrop manager because its an airdrop only , you will earn some bucks from it then probably you will exit their telegram channels so why i would take the risk with my information ..
Aside the airdrop, KYC was introduced by the SEC to prevent in the initial offering investment not for airdrop or bounty hunter participants. Besides, KYC mean know your customer not know your aidrop or bounty participants.
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i never or will never give my id or my kyc to an airdrop manager because its an airdrop only , you will earn some bucks from it then probably you will exit their telegram channels so why i would take the risk with my information ..
Aside the airdrop, KYC was introduced by the SEC to prevent in the initial offering investment not for airdrop or bounty hunter participants. Besides, KYC mean know your customer not know your aidrop or bounty participants.
Yes those investors invest in cryptocurrencies they can participate in kyc formation with legal documents. Why need to bounty campaigns hunters?
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I believe that KYC is a vestige of the past. Currently, such a procedure does not help in any way to avoid fraud, especially among the bounty participants. It is better to focus on some other aspect of the bounty than forcing everyone to show their passports.
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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.
I agree with you. I do not need KYY in the group in this vehicle usually. Apart from these, this is very good that we can add. Bamra online will be in danger with our own personal information online.
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I agree with you. I do not need KYY in the group in this vehicle usually. Apart from these, this is very good that we can add. Bamra online will be in danger with our own personal information online.
KYC is required by many bounties nowadays and the main reason for that is they want to filter the scam users and the other side of KYC is the most popular "Data Mining", as they gather data and then sell it to other companies.
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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
I am not interested in doing kyc. I am very much worried. If it required then i avoid the project or bounty.
So am I, because I have joined bounties that need KYC, the just scam.
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some Bounties require kyc .I think doing kyc in Bounties is not so wise.I already decided not to do kyc in any Bounty.If we do kyc some projects stole our kyc and they sell it to different peoples, they have all access to our data.There will be always good projects in market without kyc ,we should participate only those projects.
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For me any bounty that esquires an KYC am not participating because is very very risky because thorough kYC ur personal data can be stolen. There are so many bounty with good project which doesn't require KYC. We can as well participate in those one most bounty that requires KYC are mostly scam so (before doing KYC most be very careful) if necessary
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thanks for the info because seeing this thread will think again if the airdrop is for Kyc
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I have never liked KYC, I think the project should be good enough to demand that the participants do it. But if it's for a bounty or an airdrop, I would never do it, the airdrop and the bounty are supposed to be "collaborations" and don't need KYC. If any team asked me to KYC for those two things, I'd start to suspect they were a scam.
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Yes you are right giving new your personal information is very risky if they use it for some dangerous cause so don't send the your kyc if they are not treated .
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Yes you are right giving new your personal information is very risky if they use it for some dangerous cause so don't send the your kyc if they are not treated .
but now it has become mandatory for KYC, especially for exchanges, if it can be accounted for there is actually no problem at all because we are sure they ask the same as us for an account at the bank.
but for bounties it is better to avoid and not take part in the bounty because it cannot be accounted for.
once again returned to each individual to accept or not.