Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: VirtualBtc on January 26, 2019, 01:26:50 AM
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Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?
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Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?
Yes brother you just say very important and effective information because Kyc information they easily blackmailing us and our family with national id, passport and driving licence.
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No no I don't believe that they use your information in criminal activities. But Kyc is a effective way to find a scam projects and investors.
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May be you are right brother because which bounty project is necessary Kyc those bounty project is good but I don't get any profits from Kyc bounty campaign. Because I don't have above information.
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KYC is indeed needed as a form of data authenticity to avoid cheating, but KYC data is very vulnerable to misuse. Before we fill out the KYC form, we must first examine the project we will follow whether it is real or dubious.
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The information we provide to fill out the KYC form when we follow the ICO is the right thing to do, on the positive side the developers will know the authenticity of the identity of the investors, we can also see some centralized exchanges also require us to fill out KYC forms.
For now I think it's safe if we know the projects we follow in the ICO are genuine projects and not fraud
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No no I don't believe that they use your information in criminal activities. But Kyc is a effective way to find a scam projects and investors.
Let's accept this. They are the good guys, and they won't use it, in criminal activities. What will you say, if a hacker steals the data, and sells them to the bad guys? If you have given your data to ten projects, the risk is higher, than giving data to one project. I don't care if a user has participated in a bounty with many accounts. The only drawback, is that I'll get less, if it is a share based bounty. The losses, if my data are stolen, outweigh the gains that KYC offers me.
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Well, your personal info might be stolen or it might be sold to the people you would not want to.
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First of all why we are share our personal details with others. There are many risk factors like they can use this information in illegal works as well as criminal activities.
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Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?
for sure they have your personal data, I am always careful with KYC. in my opinion they only want to make sure you are eligible to get tokens that will be distributed and in accordance with applicable regulations. I better not follow bounty with KYC.
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we must be careful also even the project is legit.. that is our personal details.. we don't how their mind work..
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Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?
I think cryptocurrency is anonymous, I dont agree with KYC. But If the project is legit, I think I will share my identity
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I think that you need to look at the campaign and study it before presenting your documents. If the campaign is in good faith, then everything will be fine.
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I think that you need to look at the campaign and study it before presenting your documents. If the campaign is in good faith, then everything will be fine.
Extra care, must be taken, when giving away documents. I like to avoid the risk.
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The moment you gave out your personal information to people or to a company, there is already that risk of identity theft. It does not matter if they are legit or not.
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I agree that there is a risk that in any way our personal data could be subject to theft. Who can guarantee that those bounty project would not be abandoned after some time and that our personal data would not be sold for some criminal activity?
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with me just important ICO or when i register the exchange platform, i will use KYC, and the different things is not necessary to use KYC
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KYC is required by law but only if you buy coins if I'm not mistaken. Bounty coins are some kind of a gift but perhaps they need your data for accounting purposes.
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The question is when the regulation will start protecting the customers
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Hi, as strange as it may sound, but I have many times seen people who create a database with documents, and that this or that project where the leak occurred, I was sure that the project looks very reliable, but unfortunately some may someone from the project team just sold everything.Unfortunately in our time that can be sell - sell such guys. Do everything possible so that you do not fall into the hands of these guys!
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The need for KYC is actually to get the authenticity of the customers/investors investing into the project. This helps the developer and the project to keep track of whom invests into the project. Its just that, the leakage of these information will only come from the inside. I will say, know a lot about of the project before giving your identity.
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The need for KYC is actually to get the authenticity of the customers/investors investing into the project. This helps the developer and the project to keep track of whom invests into the project. Its just that, the leakage of these information will only come from the inside. I will say, know a lot about of the project before giving your identity.
Who has invested, is not needed for a project to succeed. It's just the control freaks, who want to know, everything. We are just used to this from the banking system.
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It depends on the company , some company require kyc to steal your identity for criminal activities while some use it to regulate and prevent cheating
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Sharing your peronal or giving your personal informartion your ID is a crucial thing because hackers can get through the datas you have provided for kyc to be sold for criminals, be wary on where you are giving kyc be sure that the company prioritize the safety of your infos
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How would we confirm if company is safe to provide KYC info?
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Ok, I understand now when you writted "adhesive".
This come from engine oil who go turbo.
Its impossible that come from E85, because its the most clean fuel, and your engine stay always "clean" time after time.
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KYC is a necessary and mandatory condition for some ICO exchanges or projects, and I think this is also normal so that they can verify identity of participants and limit virtual accounts.
But I really don't want to give them my personal information, they can abuse it and use it for secret purposes that I don't know. One of the advantages of blockchain technology is anonymity, they are projects on blockchain, they should also respect this.
It's funny that bounty projects also require KYC!
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what about u?
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Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?
Well, if with the use of your data and photocopies of your passport, attackers collude with your notary’s apartment in your name for the murdered person, you can go to prison for ten years depending on the severity of penalties in the criminal code of the country of your residence. Do not think that I'm kidding. For about twenty years I worked in the criminal law system and believe me, there are such cases.
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I do not prefer to do KYC as there are many cases where the KYC documents were sold for $10. I fell it best to be a anonymous user in the crypto world.
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Generally speaking, I think that companies who are officially registered for conducting exchange business should not sell data to third parties. But in todays world everything is easily possible, as we have seen that also FB sold our personal data, everything might be expected
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KYC is indeed needed as a form of data authenticity to avoid cheating, but KYC data is very vulnerable to misuse. Before we fill out the KYC form, we must first examine the project we will follow whether it is real or dubious.
The KYC check should not be applied to violators of the rules of this forum and to prevent the use of multiple accounts. It will be illegal to use it and for that you can be held legally responsible.
Since new FATF rules should soon enter, which provide for such verification for transactions over one thousand dollars, soon headhunters should stop demanding to undergo a KYC check if the reward amount is less than a thousand dollars.
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Never ever give your personal info online. It even says this online in games and forums. It is the first thing you learn when you go online and parents teach it to their kids. Hell even before internet my parents told me to never tell anyone where I lived. It's just common sense.
Firstly they shouldn't even be asking for your KYC they are not a legal authority and have no jurisdiction over you at all.
The excuses they love to use.
Stopping mutl-accounting (there are other ways look at this forum for example)
Besides, I would rather have the same bounty hunter that knows what they doing running several accounts than to have several penny pincher bounty hunters that just dump and write horrible quality posts. Its a lame and tired excuse.
AML - You can't launder money you earn sorry. Also, criminals launder a hell of a lot more then what you get doing the bounty. What self-respecting criminal would take risks for pennies?
Terrorism - This is for super paranoid people.
The consequences??
Lunatics break into your house one day and steal everything? Your KYC is blasted all over the internet by now and it's only a matter of time. (sounds far fetched but its still possible)
Something less far fetched is identity theft. Don't worry about not following KYC "laws" you will have plenty of laws to worry about when someone else committed under your name and steals yout identity. Identity theft is horrible go google how it affects lives.
Your safety is more important than any law. Remember slavery was also once a law.
So guys and girls please stop giving your personal details to strangers online. Anyone can start an ICO you don't need some sort of special permission. I could right now and then I could ask you're for KYC and say it was because of the law? I wonder how many KYC I could collect that way?? If I was a criminal I could sell the KYC for over $100 a pop.
Stay safe and use your head ^^
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You are right that there is a kyc verifications risk. I think that we do not have to provide our personal data to any sites because it will cause a problem for us in the future. If you want to provide your personal data then keep in mind that it's all your responsibility that you know that what type of problem will arise.
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Usually KYC is done in the ID for the security of the ID. If the ID is hacked or damaged in any way, it is possible to get it back through this KYC A lot of security is often used for the security of the forum ID, including KYC and a type of security.Which we can do very easily.And so I think we can strengthen our ID by taking responsibility for our own ID and providing security through KYC in ID.And as a result, KYC is a good thing.
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KYC can be good for some projects and bad for others. The biggest scale here is the reliability of the project.For example, let me give an example from a exchange that i use.While doing KYC in Bitay, we made our country's own government transactions through the platform where we do it.It was the safest way imo.It would not be right to say the same thing for every KYC, but I think it is a situation that can change from project to project.
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It is so disgusting that few bounty require kyc after completing bounty campaign when they wants to pay us then they require but it is so disgusting for bounty hunter. I don't want to work those bounty who require kyc but some project team require but when i finished my work for getting reward i just had to do this. But some cases it is risky if the project do scam so i think manager need to analysis before launching project because only bounty manager communicate with project team for bounty launching then it needs to be clear about kyc requirement.
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KYC is one of the most important issue for service provider. KYC means - know your customer. it is better for every one providing KYC. It is harmful when this is taken from the scammer. So KYC to the valid service provider.
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KYC can be good for some projects and bad for others. The biggest scale here is the reliability of the project.For example, let me give an example from a exchange that i use.While doing KYC in Bitay, we made our country's own government transactions through the platform where we do it.It was the safest way imo.It would not be right to say the same thing for every KYC, but I think it is a situation that can change from project to project.
What do you mean your country's own government transactions? Sounds interesting ???
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Submitting personal data to an unknown site is always risky. They may steal our personal data and use it for any illegal purpose. But many times Bounty Hunters have nothing to do. For example, there are some bounties that say kyc is not required at the beginning but they ask kyc during distribution. Again, there are many bounty hunters who submit fake data for kyc.
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KYC can be good for some projects and bad for others. The biggest scale here is the reliability of the project.For example, let me give an example from a exchange that i use.While doing KYC in Bitay, we made our country's own government transactions through the platform where we do it.It was the safest way imo.It would not be right to say the same thing for every KYC, but I think it is a situation that can change from project to project.
What do you mean your country's own government transactions? Sounds interesting ???
Now I don't know exactly how to define it because I don't know if there is such a system in every country and it is called e-government ;D but in summary,E-government is the provision of public services to residents and other people in a country or region using technical communications equipment such as computers and the Internet. E-government opens up new possibilities for individuals to have more direct and easy access to government, as well as for government to provide services directly to citizens.KYCs are done through this system and it is the safest public system in Turkey.
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That's interesting. I have never seen KYC like that before.It may be logical to use such a system instead of going through 50 stages.
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That's interesting. I have never seen KYC like that before.It may be logical to use such a system instead of going through 50 stages.
Hahah yeah It's quite interesting but at least safe.I know KYC can be annoying sometimes but for the first time i said thank you ;D
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Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?
If the team asked KYC at the beginning before bounty launch , You can choose, fill KYC or not
But If they ask at the end of bounty , I believe they're scammers.
Don't share your ID.
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Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?
I think KYC is risky If you share your ID on scam project.
If bounty campaign require KYC, I think the bounty manager should announcement it on the general rule while launch this bounty
Don't ask at the end of bounty.
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KYC in my opinion is very high risk depending on where you do it because KYC provides information in the form of your face so that anonymity is no longer applied in cryptocurrencies.
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Many bounty campaign require Kyc (know your customers) with our /customers personal data (national id card, passport, drivers licence, bank account, electric bill, water bills and other information). I want to know if they use my information in illegal action,,,, what would be happened?
I think at first we should careful/verify the project where we are going to submit our KYC . If we provide our data in Scam project it can be harmful for us .
So we should attention about kyc verification .
And thank you for bringing this topic.
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There is a serious risk that happens, be very carefully to where submit your ID docs etc. Furthermore, how the data will be stored? There's risk of malicious actors gaining access to document storage etc. I really do not agree with any KYC procedures, mainly because of privacy concerns. If project requires KYC, I'm not investing in.
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Recently, new projects almost do not require bounty participants to go to KYC and this is a positive trend. Apparently, they still take into account the recommendations of the FATF that KYC can be carried out only for the prevention of money laundering and combating the financing of terrorism and only when transactions exceed the amount of one thousand euros.
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Yes it feesl kind of opened to any friendly stranger by giving him your personal data, but to me no one can blackmail me through these personal info.. But I don't prefer kyc unless the project is legit.
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Well proving your crucial information like passport and Identity card etc on internet is always risky and I personally avoid such risks for sure. they could use your data to sell it to 3rd party or it could leek on dark web too.