Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: oo7 on September 01, 2018, 08:22:23 AM
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
KYC helps to reduce the number of scammers in a particular project. I don't believe KYC eradicate scammers completely. This is because I have seen others post on forums that they never submit their correct details.
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Kyc will help the project to find out who gets the token from the bounty. Many restrictions and countries are restricted to participating in the bounty program.
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KYC is definitely more prevalent than it was last year, mainly because of the additional regulations already in place (plus predicted ones). Companies are erring on the side of caution to make sure that they don't fall foul of potential regulations down the line. I've got no problem with KYC, although I understand the argument against it.
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I agree with bounty manager that requires KYC because in this way a lot of multiaccounts are out of the bounty, best one is with also video verification (ex whatsapp video call) so that even if a multiaccount has lots of ID card he can't cheat.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
Yes It is true. I also hate the KYC. I have participated in bounty program since 2017 and enjoy it.
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KYC is just a measure for the ICO to safeguard themselves if the government authorities need any record of its coins holder in fact for bounty hunting KYC is not really a needed thing unless you are purchasing its token.
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I think kyc is not needed in bounty participants. Bounty participants will not hold a token for a long time from the project. they will sell it if the token is listed on the exchange.
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In my views, I am not in favor of KYC as I believe that it does not make sense at all especially in signature bounty campaigns. The most important thing is that as a bounty hunter, you had already complied with the rules and policy of the bounty campaign nothing more nothing less. I think there are considerations that it will be most needed like when an investor would invest in btc, altcoins or in ICO's since the admin, CEO or Chairman handling the ICO, alts, btc should know that they are dealing with legitimate persons.
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Should ICOs require KYC for Bounty hunters & Airdrops ?
https://www.altcoinstalks.com/index.php?topic=34773.msg175994#msg175994
This topic started by our dear admin
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I'm not against KYC but I think that sometimes it should not be required, for example if the amount of tokens is very small.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
If you are the manager/founder, would you want to pay bounty hunters that are abusing the system? Let's face it, there are some that cheats and KYC is the best way to weed them out. If you do not agree, move to other campaigns. Simple as that.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
Checking KYC in no way can help neither bounty hunters nor the ICO team. Almost such a check is a form of fraud on the part of the ICO teams, because if it is applied at the end or even after the ICO, it allows them not to pay the earned tokens to the participants in the ICO generosity campaigns who do not want or, for various reasons, can not send the required copies of documents possible potential scammers.
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Bounty and KYC have benefits. Bounty benefits for us later, while KYC benefits for the Bounty Project. They are both closely related because the main requirement to participate in the Bounty is to deposit KYC users and prospective members of the Bounty Campaign against certain Projects.
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Its not needed, im always avoid giving kyc for bounty, but if the reward is above 1k i will give it, but if lower i dont giving it
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I am not against KYC. KYC is for verification purposes by either the project or bounty managers in order to check multiple accounts. However, if bounty hunters are required to pass KYC, they must be made aware of their rewards before most of them give out their identity for some few coins or dollars.
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KYC is really not needed. for us, handing over an identity card just to get a token is funny. there is no benefit for us. they are the lucky ones. they can sell your personal data and get money.
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I think KYC is not required for bounty participants because they earn little amount of tokens. I think it is necessary for investors.
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KYC procedure is trustless for bounty hunters that respect rules not creating multi accounts.
Is true also that de never know exactly how our sensible data will be used for!
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
I think If the project is good and profitable, I will share my identity. But too many projects are scam, So I afraid to share it
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Much of the time, KYC is directed to counter illegal tax avoidance. Presently we are perceiving how contributing through token buy turns out to be more legitimate, as opposed in years. Presently, institutional financial specialists are demonstrating expanding enthusiasm for the crypto business and in such manner, crypto ventures need to direct the most straightforward ICO's to ensure themselves.
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And besides tax avoidance as you explained, KYC serves as a check and balance for exchanges that buy fiat currency and convert them to a cryptocurrency for trading, convert this cryptocurrency with another crypto, and related activities.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
I am also hate Kyc because I lost many payments due to Kyc unsuccessful because In Kyc agreement passports and drivers licence required which no one having me.
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I am not against KYC. KYC is for verification purposes by either the project or bounty managers in order to check multiple accounts. However, if bounty hunters are required to pass KYC, they must be made aware of their rewards before most of them give out their identity for some few coins or dollars.
Exactly, so if someone does not like KYC, he will not participate. If he does he will. In another thread, someone said, that the best, is, standard payments with a cryptocurrency like ETH. It is up to us bounty hunters to make the market. If we participate in bounties, that we like, then the bounty managers, will find the right people to do the job. If we try to tell them what to do, I think, it does not help anyone.
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I think the thing that underlies KYC for bounty hunters is that many of the bounty hunters have multiple accounts, but on the other hand there are many bounty hunters who question the security of their identity, so many are reluctant to do KYC, with the risk of losing prizes from work they.
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If you cannot understand the logic behind the KYC policy for bounty hunters, you may stop doing bounties and be an investor instead where KYC is also required.
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I think that the problem is not the KYC process, which is good because in that ways multiaccounts are banned, but the fact that our data can be easily stolen or used without our consensus. A possible solution may be using third part KYC apps like ONFIDO or CIVIC.
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I consider bounty manager that calls for KYC because on this manner quite a few multiaccounts are out of the bounty, quality one is with also video verification (ex whatsapp video name) so that despite the fact that a multiaccount has lots of identity card he cannot cheat.
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I think KYC is very necessary. Why? to reduce identity fraud and also reduce people who have multiple accounts. but I hate KYC because our identity is known and I fear my identity is misused for things that are not desirable.
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Bounty participants will not hold a token for a long time from the project. they will sell it if the token is listed on the exchange.
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(KYC) Know Your Customer, It should not be a problem as long as it is in accordance with its function. KYC is a personal identity for someone to easily know. Maybe one reason is to prevent money laundering.
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I don't like Kyc because Kyc is an extra hazardous work in cryptocurrency market. I always invest in those projects where Kyc is not essential.
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there is no benefit in giving our identity to others. our identity will be sold by them. for now, there are already many unclear emails that enter the inbox. isn't that clear, that our email is sold by them?
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Bounty is more and more benefitable. Bounty token hunger strike by kyc. Bounty and kyc are bounty lover or hunter want to profit for future. So they always searching for benefit any project.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
for me KYC is not necessary for a bounty hunter. many bounty hunters are worried about KYC. KYC benefits for me is to reduce participants who join 2 accounts at the same time in the same bounty. for me KYC makes it difficult to get the rights we get.
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I can understand why some bounty hunters hate KYC but if you think about it a little you will find that KYC will do more good than harm to bounty hunting work, we all know that accounting faking about multi-accounting are a lot in bounty hunting work, I do not see any problem of doing basic KYC, not full KYC, I believe that Altcointalks is offering this kind of verification basic KYC without full information.
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For me KYC is not a problem in the Bounty, because this is to avoid people who cheat. But before doing KYC, it's good to first examine the bounty project that we are following, and we make sure the project is a real project. Never think bad about KYC, if your goal is good.
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By avoiding scamming and cheating activities Kyc is very important and effective systems. I like and support Kyc very much.
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A bounty manager make KYC for bounty hunters to avoid fraudsters and cheaters. We know that everyone is possible to cheat the campaigns in bounty campaigns. KYC also can help a bounty manager to identify the data for every participants, it is accordance with regulation or not.
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Yeah, I also feel so. This is no need for us to fulfill the KYC actually. because KYC is pointed for the costumer as its name Know Your Customer. We are bounty hunter, their parts of team to promote the existence of the ICO, right? Many of us cannot do the KYC process because the rewards are too small and we must send our document ID. very risky.
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I don't get any benefits from Kyc but management team require Kyc because of avoiding scamming and cheating.
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Yes lot of bounty hunters hate KYC but it is all good for genuine bounty hunters because many scammers use others crypto forum details to join campaign even many scammers get paid too so keeping this in mind KYC is to eliminate such scammers from the list. On the other hand some countries has strict rule to have the KYC of every person that associated with the project.
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there is no advantage in giving kyc. I agree with everyone who states that giving kyc is not necessary for bounty hunters. they only collect our data for free. it is not possible if they only collect data, not for a specific purpose.
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Depending on the project and also depends on how much earned from the bounty will determine if I will run kyc or not. There is nothing I find wrong about the kyc only if the project wants to use it to cheat hunters and that's where I see it wrong
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
For me its a "Big NO" Bounty hunters has no direct benefits to any KYC procedure for me its a big risk to send your data on any entitys specially when you just doing Bounty works for my opinion My data is more precious than any form money that i can get.
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It is quite difficult to talk about the pros and cons of bounty, especially in a period when there is virtually no payment.
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In my opinion, it will depend on your position.
Yeah, I think I will still fulfill the KYC process if there are big reward amount that I can gain. But, if I only get the small amount, why should put the risks of sending my document for small price?
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KYC was created exclusively for the project to enter the markets of America and Europe, where the identification of the investor is required.
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It is quite difficult to talk about the pros and cons of bounty, especially in a period when there is virtually no payment.
KYC process is implemented to prevent from fraudsters and cheaters. I don't refuse this process if it can be worth for us. I mean we can get proper amount of money from the bounties. Because many projects only need our KYC and give us cents.
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Actually, the use of KYC for bounty is very not suitable. KYC in my opinion it is only for the customers. We help them to promote and not a buyer. Well, but many ICOs right know obligate us to send the ID to fulfill the KYC process. I personally feel very afraid to send my ID because it is too risky.
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The only benefit for me from the bounty is a payment for the work. Now they stopped paying money at all.
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Actually, the use of KYC for bounty is very not suitable. KYC in my opinion it is only for the customers. We help them to promote and not a buyer. Well, but many ICOs right know obligate us to send the ID to fulfill the KYC process. I personally feel very afraid to send my ID because it is too risky.
not only you, but I was also afraid to send my personal data. afraid they abuse. because personal data can do anything. we must refuse not to send kyc. and we must be firm.
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there is no benefits with the KYC they just want you to do that if you are really not cheating their bounty. It is risky to submit your KYC to them because your information can use it for criminal activities.
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I am not afraid of KYC. I have nothing to fear. I am not a terrorist and do not launder money. KYC afraid someone who has something to hide.
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KYC and bounty have only such advantages as the ability to control and develop ICO. Now it is very necessary for us.
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The KYC check, since it should be done to prevent dirty money laundering, should be carried out only for large investors in ICO projects and large traders on stock exchanges. In relation to other participants of the cryptocurrency market, its holding is not only unwise, but also detrimental to the normal functioning of the cryptocurrency. In the case of bounty hunters, KYC checks are illegal, as we are not investors.
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I think there's a big benefits in doing kyc in the crypto investment in order for different crypto industry to know their customers to avoid too much scamm.
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I think KYC is needed for investors and not for bounty hunters. Bounty hunters only help the project to promote the token sale and not become the partners. So, I assume it is no need to require KYC procedure for bounty hunters.
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IF the bounty program has explained for using KYC at the beginning of the campaign, it will be more fair. But, if sudden decision, I think it is not fair enough. Whether it is worthy or not, I personally think that look at the amount of your rewards, Is it worthy to pay with your real identity document?
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It seems to me that at the initial stage it is better to require data and provide them, since if this happens when the coin is traded, you may have a lot more problems.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
Kyc is a good method of identification of cheaters and scammers but sometimes due to Kyc verification many bounty campaign payments missing.
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Pros are everywhere, at least KYC gives you a chance to get your investment back, if the agreement was not otherwise.
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they might think of reducing fraud. for them, giving up kyc is the best choice. because now many have registered bounty using bots. especially for social media.
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It is very unreasonable to require bounty hunters to provide KYC. Why do these people want to do this? Bounty hunters advertise for these projects through their own efforts. They do not participate in ICO, nor should they provide KYC. At least I will not provide KYC to any team because it is actually not safe. These are my private information. I do not want to reveal to strangers I have never seen.
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The only advantage of KYC is the ability to remove multi accounts, but the fact is that after this, there is usually no pool redistribution!
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Yes. Less people will take part, means more tokens and bigger profit.
So hurry up. Also good bounty from DexAge. And big profits in a future.
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I think it would definitely be useful. Because some projects have 50k applications in spreadsheet, there are 20k people in the telegram. This kind of fraudulent operations in this way can easily melt.
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I think that the only reason KYC can be asked is to eliminate multiaccounts but I don't like to send my data to strangers, I really hope that all ICO and projects will use third part APPS for KYC like CIVIC for example..in that way our data are not compromised
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
For me i think no need for KYC if you are only going to get a few rewards, some ICO that implemented KYC is not around anymore, so they get our data and go.
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BTW, also taking part in a Huobi Russia bounty. they have KYC, but it's not a problem as I think. It's really a good way to get more tokens and get more profit.
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I don't want to share my ID to get 5 usd. Why should I? I am not investing thousands of dollars in that project, I am only promoting the project to get some rewards. I am not attending any bounties which ask for KYC. never will...
I sometimes think that some of these projects are a scam which hunts for IDs.
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KYC in the Bounty is intended to ensure that the identity of the Bounty participants is not registered. If there are people who hate KYC in the Bounty, then the habit of that person must be cheating in a bounty campaign.
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I don't want to share my ID to get 5 usd. Why should I? I am not investing thousands of dollars in that project, I am only promoting the project to get some rewards. I am not attending any bounties which ask for KYC. never will...
I sometimes think that some of these projects are a scam which hunts for IDs.
Lol.. Yes, I agree with you mate. We only get very little amount of money, and for that money we are forced to submit secret identity. I also assume that it is too risky for only cents money. ;D
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I consider it not quite correct to send my personal information, passport and other documents. I do not know who these managers are, they can also be fraudsters, and how they use my data for what purpose is unknown.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
For the Bounty there was some benefits of earning tokens from a successful ICO campaign. But in KYC for me it has no benefit at all? since it will create a risky situation on your private data as a person if those data will go to uncropolous person and sold it on the black market.
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As a bounty hunter I can say that KYC for bounty are not held very often, sometimes it happened that KYC was required and I not check for it , but all the tokens automatically came to the wallet after the crowdsale.
Another situation. I recently finished bounty from the dexage - a decentralized exchange, I asked the bounty manager : is the KYC required for bounty ?
He replied that most likely KYC will take place but they not sure for %100....
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As a bounty hunter I can say that KYC for bounty are not held very often, sometimes it happened that KYC was required and I not check for it , but all the tokens automatically came to the wallet after the crowdsale.
Another situation. I recently finished bounty from the dexage - a decentralized exchange, I asked the bounty manager : is the KYC required for bounty ?
He replied that most likely KYC will take place but they not sure for %100....
All this is, just talking. To participate in the bounty, you should be a member of the telegram group. When you want to create a telegram account, you are asked for your phone number. Your phone number links to your identity, because you give KYC data to get a phone number, in most countries. So, it is not easy for scammers, to have many phone numbers, unless they come from a country where you get a phone number, without KYC. I still think, that KYC is not neeeded.
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I think that when documents are required passport, etc. for KYC, this is too much. It is dangerous to send such documents to someone else’s uncle, the maximum that they can ask is a photo with an inscription. This is not an official body and they do not need any documents in order to give us our earned coins. KYC itself is good because after it you can determine who the bot is and who the real person is, and pay honest people for their work.
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If the rewards are very good amount and the project's teams have good track record, I think we can consider to do KYC process. But if the project team members cannot be trusted, I advise to not doing KYC process.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
Most bounty hunters hate KYC because its appears like stooping so low in the view of exchanging your personal information for a few dollars. It becomes worse when the project turns out to be scam or unsuccessful after submitting details for KYC as a bounty hunter. In order to curb this trend, regulations must be made by the platforms where the bounties are hosted.
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Some companies are afraid of laws and are forced to do KYS for bounty hunters, other companies want to check every member of bounty for fraud, because many bounty hunters perform bounties from several accounts which is prohibited, other companies just do KYS so as not to pay tokens for those who cannot pass it.
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I hate KYC. but if I get a lot of rewards, I will do it. bad rules for bounty participants. not everyone has a passport. if I need a passport, I won't do it.
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regulations of a country where the project was developed. Holder is required to do KYC. The bounty hunter is a holder for receiving and using tokens from the project. so, just do it if it's needed.
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KYC to me is very helpful is many ways. It helps narrow down the participants who deserves to be paid and prevents residents from restricted countries from joining. When there is no KYC, anyone can just pretend to be someone else without that person knowing his/her identity stolen. Best KYC for me is to record a video and say something related to the bounty. I don't think scammers will go that far by editing vids just to pass KYC. lol
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
For bounty hunters, checking KYC brings only big problems. I consider such an inspection for bounty hunters to be illegal because it has the task of preventing the laundering of dirty money, and we don’t invest in ICO projects. ICO teams in many cases use KYC checks to not pay off the tokens earned by us. In any case, the conduct of it is not regulated, it can be carried out for many months after the end of the ICO and it is just annoying because it distracts from further work.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
Because Cryptocurrency is anonymous. I think It is the reason why many bounty hunter hate KYC and Too many projects are the scam
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Not all ICOs need KYC. If an ICO project really needs KYC, it might indeed be needed in its country, especially projects related to banks, there is a need for the original data of the money owner, which includes a bounty hunter.
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KYC in exchanges is right for me but KYC in bounty is not good for me because no one would ever share their identity for just a reward of shitcoins with no price.. Bounty hunters have freedom in which they can participate in any bounty campaigns without sharing their identity.. I dont think that KYC is a standard for a bounty.. If its exchange or related in reals fiats then it is accepted.
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KYC known as Know Your Costumer implemented not intendedly to scam people but to help to minimize scammers. It is helpful once the foundation base on true (realistic) development. Although there are advantages and disadvantages but over all meaningful once done honestly and faithfully.
this topic will help you
Know Your Customer, what is it for and what benefits does it give in details?
https://www.altcoinstalks.com/index.php?topic=75143.msg463341#msg463341
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If the bounty, ico or exchange that we follow is real and requires us to fill out the KYC form, why not. People are afraid to fill KYC because they are afraid that their data will be used for fraud, or they are afraid that their identity will be exposed and not free in transactions.
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If the bounty, ico or exchange that we follow is real and requires us to fill out the KYC form, why not. People are afraid to fill KYC because they are afraid that their data will be used for fraud, or they are afraid that their identity will be exposed and not free in transactions.
Yes, it is exactly how you said. For me, most ICO's ask you to join Telegram. Telegram, asks for your phone number, to open an account. Giving your phone number, you are verified, because your phone number, is KYC verified, in most countries. Why do we need the extra? Why have our personal data, exposed, here and there?
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It's not about the benefits, it's about required things to do to hold some companies asset's. The company only wants to know it's customers for security and safety purposes
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Personally, it seems to me that the KYC bounty hunters are far from always needed, I personally think that this event needs to be done more for the ICO team in order to gain more trust among investors!
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It's not about the benefits, it's about required things to do to hold some companies asset's. The company only wants to know it's customers for security and safety purposes
It is not true. Firstly, participants in the ICO bounty campaign are not investors and therefore cannot be considered clients of ICO campaigns. The KYC check is aimed at preventing the laundering of dirty money and combating the financing of terrorism. For any other purpose it should not be carried out. This is illegal because it violates the rights of citizens.
Secondly, if it were conducted honestly, then the KYC check should be carried out simultaneously with joining the ICO bounty campaign, and not after we have completed our agreed work. Given that there is still no form of KYC verification, no one knows what information and what documents we will need. And sometimes in connection with our work and studies we may not live at the place of registration, utility payments and other documents may not come in our name and therefore we cannot provide all the required documents. In this case, we do our work for free, because in the end we don’t pay for it. Who thinks it's normal?
I’m not even talking about the fact that in many cases it turns out that we are transferring our confidential data to fraudsters, because they themselves do not pass any checks. This is generally some kind of nonsense.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
I think that KYC checking for bounty hunters is not only illegal, but harmful in general. We should not pass such a check, as we are not investors in ICO projects. This is contrary to the purpose and objectives of KYC verification, and using it in digitschuchach, not related to the prevention of dirty money laundering and the fight against the financing of terrorism, is illegal because it violates our rights and our privacy.
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Well on the clients side it can be very helpful to trace ownership of coins being owned on an exchange where you have lost the private keys to it. Yet on the idea that you only have a very small amount received as a bounty hunter, I think it does not actually weigh as much to share your personal information to anybody which can be used for anything that is not good.
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I think KYC is needed only for the team and investors, because bounty hunters are not investors, we do not spend money, but invest our time and effort when promoting a product!
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Know your customers (Kyc) is a superb proces of identity scam projects. I support Kyc projects very much.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
KYC testing is illegal and harmful for bounty hunters. Such a test does not give us any advantage. It only takes away our privacy.
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KYC is done to ensure that no one is cheating on a Bounty, I think that's good. But it's good, before we do KYC, we make sure that the project we are following is a really good project. so that we do not in vain do KYC.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
KYC helps to reduce the number of scammers in a particular project. I don't believe KYC eradicate scammers completely. This is because I have seen others post on forums that they never submit their correct details.
I am totally agree with that comment. If kyc is requested, scammers ratio will decrease but it will not be 0 of course. Same issue also is similar about ico.
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KYC testing is illegal and harmful for bounty hunters. Such a test does not give us any advantage. It only takes away our privacy.
Right. They can get our personal data. There are even some mandatory KYC bounties before the stake calculation. What for? KYC has no benefit for us.
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absolutely right bro. because with bounty we can get additional knowledge. so you can invest much better. and make the crypto digital world better. while KYC makes it easier for us to avoid fraud
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There are KYC benefits in bounty because it will not promote scams ICO, s. This will bring transparency and there will be no possibility of harm to the investors.
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The issue of kyc is a good one to the development of the blockchain technology.
But it seems it's being abused by some people .....how can anyone be asked to go through kyc processes before you can receive a reward that is less than $20 in most cases.
It doesn't make sense.
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You are right, there are many bounty hunters don't like KYC process because of the negative issues related to "data sale cases" by some developers. We should not trust to any platforms that force bounty hunters to do KYC process. Moreover, if the project has not clear information of the team members.
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The main purpose of KYC in bounty program is to fish out multiple accounts users and scammers. This is might not be necessary but I believe it's a good way to curb cheaters.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
For bounty hunters, KYC verification is not only unnecessary, it is also illegal. Many in this forum write that checking KYC helps to get rid of fraud among bounty hunters. However, KYC verification has completely different tasks and should be applied only for the purposes for which it is intended. Arbitrary violation of our privacy rights is not allowed to anyone. However, because this activity is not regulated, ICO teams simply abuse their rights.
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kYC is of no use. they should allow people to buy as much tokens as they want. since there is a maximum amount of token to buy and a minimum token to buy. it is of no use to request for KYC. quite useless to ask people to provide their official data.
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The main purpose of KYC in bounty program is to fish out multiple accounts users and scammers. This is might not be necessary but I believe it's a good way to curb cheaters.
Yes, from the team project view, it is very needed in order to eliminate scammers/fraudsters. I support KYC as long as the team project can guarantee the secret data of bounty/airdrop hunters or investors.
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The main purpose of KYC in bounty program is to fish out multiple accounts users and scammers. This is might not be necessary but I believe it's a good way to curb cheaters.
The main purpose of the KYC audit is to prevent the laundering of dirty money and fight against the financing of terrorism, and it is for this purpose that such an inspection should be carried out. Using it for other purposes, including for bounty hunters, is a direct abuse of its rights by the ICO team.
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~snip~ I support KYC as long as the team project can guarantee the secret data of bounty/airdrop hunters or investors.
I agree with this comment. I am always ready to do KYC if they can guarantee my data. But in fact, I saw only a few projects that look like able to guarantee the KYC of airdrop hunters, bounty hunters, or investors. Most of the projects don't guarantee our KYC. It makes me afraid.
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I agree with this comment. I am always ready to do KYC if they can guarantee my data. But in fact, I saw only a few projects that look like able to guarantee the KYC of airdrop hunters, bounty hunters, or investors. Most of the projects don't guarantee our KYC. It makes me afraid.
You are not involved, very much with Information Technology sector. If you ask a computer security expert, about an un-hackable computer, you'll get a big NO! Nobody, on this earth, can guarantee you data. So, the best defense is, to avoid giving them.
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I am still confused about to agree or disagree about the need of KYC on bounty programs. Why the team members really need our KYC whereas the bounty hunters don't invest in that project. I know they need the data to eliminate scammers, but I think it is not always by asking KYC.
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The main purpose of KYC in bounty program is to fish out multiple accounts users and scammers. This is might not be necessary but I believe it's a good way to curb cheaters.
The main purpose of the KYC check is to prevent dirty money laundering and combat the financing of terrorism. Such verification should be carried out only for such a purpose. Conducting such a test with a different purpose is the abuse of rights by the ICO team. Do you think the ICO team is generally interested in our internal rules on the forum that they will lose so much time and effort to identify users with multiple accounts? Of course not. Therefore, by introducing a KYC check for bounty hunters, which no state or state body requires, they pursue completely different, and self-serving goals.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
Developers dont care much about hunters KYC. Also, I think its on your end to decide whethet KYC is needed on some bounty. In any case you dont want then leave it, but still you will do it for the tokens right? I think its better yo scrutinize projects carefully than being a kid posting stuff like this. KYC is important and thats the process to filtered cheaters and avoid scams. If you bump into a scam project for KYC then its youre bad karma for giving such info. As Ive said do research carefully.
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I see no benefits, for KYC, in bounty hunters. The free market solves everything. If you don't want KYC, you don't participate in the bounty. The only obligation, is, to specify KYC is needed, in the rules of the campaign. Not later.
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Today's bounty hunters are indeed very many rules that are used and the ones they hate most are kyc, but KYC also has enormous benefits for participants, and KYC is useful to prevent people from using multiple accounts in following bounties.
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Today's bounty hunters are indeed very many rules that are used and the ones they hate most are kyc, but KYC also has enormous benefits for participants, and KYC is useful to prevent people from using multiple accounts in following bounties.
KYC verification for bounty hunters does not provide any benefits and cannot provide. Its conduct in relation to bounty hunters in general is illegal. If such verification is carried out by ICO teams so that the participants of this forum do not use several accounts simultaneously, then the ICO team abuses its rights, since the KYC verification should be conducted only with the aim of preventing dirty money laundering and combating the financing of terrorism. For other purposes, it should not be used because it violates our privacy rights.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
I think KYC is good to reduce multiple account and scam project. but We must be carreful to do it. Learn the project and the team firstly
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
To us bounty hunters KYC definitely is a hassle however to the developers is a totally different case. I suppose developers want to cover themselves if the government or any authorities wish to check the account holders of their coins they are able to show it.
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KYC is not suitable for bounty hunters, I think it is actually no need. But for investors, it should be done since investors become partners of the project. I think there should be other ways to treat bounty hunters without KYC.
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Kyc is applied to prevent a fraud and it is not liked by many people
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Kyc is applied to prevent a fraud and it is not liked by many people
I agree.Even if the the company requesting KYC is legitimate, the customer’s private information may be at risk, depending on how the contents are uploaded or delivered. And this again, is only a risk to the customer if their data is apprehended.
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Nowadays, KYC for bounty programs is very popular. It makes some discussion and also debates for some terms. I personally, will not matter if I must fulfill the KYC progress to claim my rewards. However, is that worth? Think also about how many rewards I will get.
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Know your customer is now regulation introduced in many countries also for crypto exchanges. They just need to comply with local regulation if they would like to continue with their business or maybe choose county where there is not such regulation in place
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Kyc is really needed when you have a good project like ethereum, but you have to be careful when filling out KYC forms on new or airdrop projects from new coins you just know.
because there are so many scam projects in 2018.
therefore, now you can see a lot of airdrop on the crypto exchange which requires you to pass KYC.
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For some people, KYC does not like them. But in reality there are many Bounties that require KYC. It all starts with the many people who cheat, follow the BOUNTY program with many accounts. And with the existence of this KYC, the Project Manager wants to make sure no one else acts cheating like that. For me personally, KYC is not a meaningful problem. If we want to join the BOUNTY Project and have to do KYC, just do it, and if you don't want to do KYC, then leave the BOUNTY project.
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For some people, KYC does not like them. But in reality there are many Bounties that require KYC. It all starts with the many people who cheat, follow the BOUNTY program with many accounts. And with the existence of this KYC, the Project Manager wants to make sure no one else acts cheating like that. For me personally, KYC is not a meaningful problem. If we want to join the BOUNTY Project and have to do KYC, just do it, and if you don't want to do KYC, then leave the BOUNTY project.
personally for me KYC is a problem. It is not up to anyone to give your data and how they will then use your documents. The second is that on personal experience, it became convinced that in Bounty, many will not earn and give someone their data and a passport for a few dollars is not very reasonable. In me, the airs and airdrops where you need passing the KYC procedure cause distrust
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Kyc is applied to prevent a fraud and it is not liked by many people
KYC checks should be conducted only to prevent the laundering of dirty money and combat the financing of terrorism. If it is carried out to combat fraud, then its conduct should be considered illegal. If under fraud you mean the use of several accounts by some participants of this forum, then this cannot be considered fraud, it is just a violation of forum rules and this has nothing to do with fraud.
A KYC check against participants in an ICO bounty campaign is illegal because we are not investors.
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KYC is good for stopping fraud that is always there, but if bounty requires KYC,I think BM needs to post it in the first post thread and not change the settings at the end of the campaign.
be more careful when filling out KYC and make sure to always look at good projects to avoid fraud
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Perhaps not KYC but an alternative procedure for sifting out multiaccounts should be.
Successfully pass the KYC procedure for fraudsters is not difficult.
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KYC is not suitable for bounty hunters, I think it is actually no need. But for investors, it should be done since investors become partners of the project. I think there should be other ways to treat bounty hunters without KYC.
Totally agree with you. KYC testing not only doesn’t give ICO bounty campaigners, conducting it against bounty hunters is completely illegal. We should not pass such a check, because we do not invest in ICO projects and are not their clients. Such a check. it may be worth going to investors and then only large ones. It makes no sense to check KYC for investors who buy tokens for small amounts.
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Since I ever read the news that the developers sell participants KYC Data, I am afraid to do KYC. I avoid following bounties that require KYC for now. I think our secret data is more important than the rewards. Moreover, the rewards are in a small amount. :D
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I think KYC is really needed to reduce users who are not in accordance with the provisions of other bounty players,
Even though there are still some accounts that are still cheating,
Hope it helps and hopefully gets more excited.
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The thing the disadvantage of someone doing KYC is more than it's advantages because some scammy project temds to steal peoples data by means of KYC, while the good part of it is just to reduce the amount of fraud in the crypto space.
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As for me The KYC system is not that necessary for the bounty hunter. More of the bounty hunters are worried about KYC. It benefits for me is to reduce the number of participants who join with multiple accounts at the same bounty.
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I always look at projects from team members they have and always follow updates on information about filling out KYC forms, many of the benefits we will get, such as tokens, have good prices on the market, so bounty participants are required to fill out KYC forms, but what concerns me is, when many big and good projects don't need KYC to get tokens after the prize ends. Because the team from the project developer will do KYC if there are some scams from Bounty participants, fortunately in this forum Bm/Op must post the KYC logo if the bounty really needs KYC.
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it is quite unnecessary to request for KYC. projects are scared that hunters are the sole reason why tokens dumped in the market without asking private investors. that earn almost 40% of the token. it is shameful. nevertheless, you have no option but to comply if you really need your pay.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
Many people don't like the idea of KYC for bounties because people have to reveal their true identity. what if the ICO turned out to be a scam? the people identity will be at huge risk. sometimes people identity might endup on the darkweb or somewhere like that.
I like the idea of KYC but I'm afraid of handling my identity to the bounties beause I don't want my identity endup on the darkweb. we all know how bad are today's ICOs are.
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Of course, the KYC check does not give the participants of the ICO bounty campaign anything but serious problems, the possibility of losing tokens earned and the dissemination of our confidential information on the Internet.
The KYC verification is aimed at preventing dirty money laundering and combating the financing of terrorism. Bounty hunters have nothing to do with this, because they are not investors in these projects, and therefore it is illegal to force us to pass KYC checks.
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I am a woman and certainly have limitations to move, if my KYC is misused by BM and Dev, I don't know what to do.
Maybe men can sue when there is a problem, but it seems that the problem with KYC is very difficult to overcome.
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I have not gained anything tangible from all the bounty projects that I did kyc for. There was a particular project that the kyc stressed me, because of the work I put into the project, I had to do the kyc at all cost. Right now the token price is so low and useless. I can buy as much as possible before it increases if at all it will ever increase.
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In my opinion, KYC sent by bounty hunters is useless. It will bring new problems later on. The fear is that KYC sent was misused. We also don't know, the person who received KYC from the bounty hunters is what the person is like.
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In my opinion, bounty and kyc has no business together. It's OK for those buying the tokens but for bounty hunters, it's not. All the projects I did kyc for their bounties have been useless and worth nothing rather its the one with less requirements that has paid me. To me kyc for bounty is more or less useless and time wasting
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In my opinion, KYC sent by bounty hunters is useless. It will bring new problems later on. The fear is that KYC sent was misused. We also don't know, the person who received KYC from the bounty hunters is what the person is like.
I agree with this. Many workers, that worked in payment processors, got user's data and made loans. Then those users, owed money, that they did not get.
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in my opinion KYC has the benefit of receiving tokens if you follow a bounty and fulfill the requirements. in addition to reducing scammers and multiple accounts if done. I think KYC is quite effective to do if the conditions are easy like an ID card.
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I think the issue of kyc for bounty hunter to be involved in kyc after participating in bounty project for me I don't think there's any reward attached to it, but is away of knowing the bio Data of every customers who participated in the bounty project, but I think that this process would have been better for the investors.
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As for me The KYC system is not that necessary for the bounty hunter. More of the bounty hunters are worried about KYC. It benefits for me is to reduce the number of participants who join with multiple accounts at the same bounty.
There are no advantages to checking KYC for bounty hunters. Moreover, it is illegal in relation to participants of ICO bounty campaigns, since the KYC check should be used only to prevent the laundering of dirty money and combat the financing of terrorism. Using it for another purpose is illegal.
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it is quite unnecessary to request for KYC. projects are scared that hunters are the sole reason why tokens dumped in the market without asking private investors. that earn almost 40% of the token. it is shameful. nevertheless, you have no option but to comply if you really need your pay.
You really have to obey the rules about what you have followed. The existence of KYC makes some people not use multi accounts to get multiple benefits
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I am a woman and certainly have limitations to move, if my KYC is misused by BM and Dev, I don't know what to do.
Maybe men can sue when there is a problem, but it seems that the problem with KYC is very difficult to overcome.
Both woman and man have the same risks in KYC. If we did KYC for scam projects, no one can help us to protect the private data/information. That's why many bounty hunters disagree with KYC procedure since there are too many scam projects currently.
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it is quite unnecessary to request for KYC. projects are scared that hunters are the sole reason why tokens dumped in the market without asking private investors. that earn almost 40% of the token. it is shameful. nevertheless, you have no option but to comply if you really need your pay.
You really have to obey the rules about what you have followed. The existence of KYC makes some people not use multi accounts to get multiple benefits
Can you say on what regulatory act such obligation of ICO bounty campaigners to pass KYC checks is based? There is no such duty. This is all contrived by the ICO teams. The KYC check should not be conducted so that the participants of this forum did not violate its rules, since such a KYC check violates the individual’s right to personal privacy.
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it is quite unnecessary to request for KYC. projects are scared that hunters are the sole reason why tokens dumped in the market without asking private investors. that earn almost 40% of the token. it is shameful. nevertheless, you have no option but to comply if you really need your pay.
You really have to obey the rules about what you have followed. The existence of KYC makes some people not use multi accounts to get multiple benefits
Can you say on what regulatory act such obligation of ICO bounty campaigners to pass KYC checks is based? There is no such duty. This is all contrived by the ICO teams. The KYC check should not be conducted so that the participants of this forum did not violate its rules, since such a KYC check violates the individual’s right to personal privacy.
However, you don't like KYC, but if the rules of a project are like that, you must obey it and if you don't obey it, you may not accept anything. ;)
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Just like we know that KYC simply means know your customer, it is just a way of getting to know those you are dealing with,it help to reduce the level of fraud and also help to reduce the level of scam when it comes to bounty campaign.
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A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?
I'm one these guys that hate KYC, especially if they are doing this after the end of the bounty when from the start there was no indication that they are going to ask, bounty hunters, are their marketing arms and no participants becoming whales of their coin because they are only giving them a very small stakes.
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i think with bounty it can not need KYC, just member introduce about this project, but at now the bounty do not bring more profit for everyone, the trend in this year is IEO, this can give everyone more money
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KYC is more safety and protection for the project in the face of government to make sure coins holder are not from the Countries on the OFAC list. but for bounty hunters is not needed.
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Just like we know that KYC simply means know your customer, it is just a way of getting to know those you are dealing with,it help to reduce the level of fraud and also help to reduce the level of scam when it comes to bounty campaign.
Yes. There is only a small problem. The entity that does the KYC, must be able to keep the nprivate data. But most of them can't. KYC, is a hype of this age. For many years, people, were does business, accepting the risk, that the customer is not known. Now as a customer, I have to take the risk, that my personal data, can be stolen. Sorry, I will not be your customer.