If you strictly approach this issue, then the participants of the ICO bounty campaigns are not clients of the ICO team. Clients are just the ICO team in front of us. We provide advertising services and the ICO team pays us for this with their new tokens. The customer is always the one who pays, who invest their money.
KYC checks should be conducted to prevent the laundering of dirty money and combat the financing of terrorism. For other purposes, it is not intended and using it for another purpose is an excess of authority. Since in the relationship between bounty hunters and the ICO team, the client is still the ICO team, it must pass the KYC test in front of us, if necessary. Because such checks KYC in cryptocurrency is now brought to the point of absurdity.
Topic: A new look to KYC, from a customer's perspective. - page 3. (Read 1323 times)
For me i have no problem for any Bounty program that required KYC, as long as it can not affect our personal identity but knowingly only. And of course in terms of payment after all are good and fair to everybody.
If you don't value your identity then you are free to undergo every KYC procedure ask by different ICO project just to get paid in their bounty programs. Soon your identity documents will end up in the dark web being passed around and sold like pancakes
I really like the windingtree project with their token LIF.
Their whole team is verified by civic I think and is a very innovative project with nothing more than development and partnerships 0 hype 0 pump.
Their whole team is verified by civic I think and is a very innovative project with nothing more than development and partnerships 0 hype 0 pump.
For me i have no problem for any Bounty program that required KYC, as long as it can not affect our personal identity but knowingly only. And of course in terms of payment after all are good and fair to everybody.
Expect most shitcoins to sell your data after they certain everyone knows its a scam and their identities safe.
For me i have no problem for any Bounty program that required KYC, as long as it can not affect our personal identity but knowingly only. And of course in terms of payment after all are good and fair to everybody.
So, what does KYC mean? I always hated that thing, mostly because I feelt it is an unnecesary leak of information.
KYC/AML is really needed especially if you are starting a company that offers innovation and if you want to improve your services and if you want to have a solid statics and data system. You said that you need to know the CEO of the company before letting them know your personal information but it's not the thing you have to base. You have to know the whole team and what they really do. If you really wanted to try to invest with them then you have to try your best to reach them and talk with them verbally.OP, please check this the remediation of having KYC/AML. : https://complyadvantage.com/knowledgebase/kyc/kyc-remediation/
I agree here. I believe that KYC and AML is innovative and compliant with the different governments and playing safe. I am blown away by the innovation of the companies that are able to help with the tracking and tracing as well. The recent CipherTrace and Binance partnership really solidified that for me
Know your CEO 
What a creative opinion about the KYC!
KYC is not dangerous for trustworthy projects but I can't say the same thing about a scam projects.
What a creative opinion about the KYC!
KYC is not dangerous for trustworthy projects but I can't say the same thing about a scam projects.
So, what does KYC mean? I always hated that thing, mostly because I feelt it is an unnecesary leak of information.
I also dislike KYC that process any personal informations. I am not really comfortable with it but others are giving away their KYC infos with some unsure ICOs. I understand some of their point for AML programs but i only trust and give KYC to the selected and trusted organizations only and not for the small ICOsQuote
With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC.
Know Your CEO.
Know Your CEO.
It is easy to know their CEO, but I also suggest that they have to provide us some contact informations for easily access in case of any unethical act of their team. Also, I was just thinking, they easily point out some fake CEO so I guess it can not help a lot to provide solutions to the KYC problems.
Seemingly there are such services as civic which seems pretty governamental since i saw it linked with banks aswell, could provide a bit of help, an user mentioned few similar services few posts up.
I hope people starts asking for this before investing, should be okay to hand your data to legit companies or well if you have them by the balls.
I hope people starts asking for this before investing, should be okay to hand your data to legit companies or well if you have them by the balls.
Absolutely, but now project even pop up without anyone knowing the team behind it. You ask about it and all they could say is for anonymity reason we will not disclose the person. Whom do you want to invest in such project with unknown individuals. It about time we look into things properly.
Any anonymous developer that is asking for BTC thru presale, ICO should be avoided completely..
These anonymous team always rebut with satoshi being an anonymous developer for bitcoin
Absolutely, but now project even pop up without anyone knowing the team behind it. You ask about it and all they could say is for anonymity reason we will not disclose the person. Whom do you want to invest in such project with unknown individuals. It about time we look into things properly.
May I raise a question? What if this Know Your CEO becomes a real thing, do you think it is going to be okay for the people to still pass their KYC? But anyway, I never thought of this move before. Since I believe that the legitimacy of the projects is also crucial like the information that we are giving to these people.
So much issues on KYC, you are right mate, investors are the once so much at risk here, because they do not know who is actually behind the scene, all they see is picture, and they put their money into the project and still undergo kyc for people who they are not sure of. Blockchain should stand by it's anonymity, the KYC doesn't make so much sense.
n my opinion, KYC should not be enforced. because the KYC goal is to collect customer biodata. we as customers send KYC the stupid thing we have done. because we send personal data to parties we don't know.
if it's for bounties, airdrops, or investors then how can they also think of giving their tokens to people who don't provide their data. what actually happened was that they only wanted to record the community from their part. they are supported by a community that is right there are not just one or two people disguised with a lot of data. 
I love the way you gave a new meaning to Kyc. It's actually the biggest agony of bounty hunters. They're required to pass a lot of requirements and information in exchange of scam project rewards. It's important for us to know a certain Ceo first to make sure that we're not exerting effort for nothing.
n my opinion, KYC should not be enforced. because the KYC goal is to collect customer biodata. we as customers send KYC the stupid thing we have done. because we send personal data to parties we don't know.
We can trust some of the project which is launched in platforms like KickICO , COSS recently Kucoin because these exchanges are having reputation and most of the ICO's launched in this platform not a scams . Apart from this we cant make complete check on ICO in crytpo space because most of the Greedy Scammers announcing ICO's.
So, what does KYC mean? I always hated that thing, mostly because I feelt it is an unnecesary leak of information.
With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC.
Know Your CEO.
The best way we could prevent or atleast act in the case (most certain) of one of any new project being a scam is selecting a number of trusted users of the community to verify the "Team" of any coin just the same way we are verified in most sites.
Since most of the new coins claim the "Team" is the people shown in the pictures they shouldn't mind verifying it to this peculiar non snitch trustworthy gathering of users.
In the case a project is to be compared to bitcoin or ethereum and the team crave anonimity you shouldn't need an ICO or could provide code before launching and provide a service.
Any ideas? Would anyone actualy ask for this before investing? and keep the word and not invest without the check?
I think it is more than a fair price for trusting someone with perhaps thousands of bitcoins.
Edit: I has another interesting post few ahead for (for the ones that read op only)
With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC.
Know Your CEO.
The best way we could prevent or atleast act in the case (most certain) of one of any new project being a scam is selecting a number of trusted users of the community to verify the "Team" of any coin just the same way we are verified in most sites.
Since most of the new coins claim the "Team" is the people shown in the pictures they shouldn't mind verifying it to this peculiar non snitch trustworthy gathering of users.
In the case a project is to be compared to bitcoin or ethereum and the team crave anonimity you shouldn't need an ICO or could provide code before launching and provide a service.
Any ideas? Would anyone actualy ask for this before investing? and keep the word and not invest without the check?
I think it is more than a fair price for trusting someone with perhaps thousands of bitcoins.
Edit: I has another interesting post few ahead for (for the ones that read op only)
KYC talks about know your customer, isn't about know your SEO
but you are right, to have a good SEO now days is like have a good manager, at least is the one who will send you to the moon but is the one who will take a piece of cake XDEveryone wants a piece of cake. So it's better than with whom it is not clear. Last year I had too few high quality projects. We need to stop trusting the pieces of paper. Trust those who have long been on the market.
So, what does KYC mean? I always hated that thing, mostly because I feelt it is an unnecesary leak of information.
With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC.
Know Your CEO.
The best way we could prevent or atleast act in the case (most certain) of one of any new project being a scam is selecting a number of trusted users of the community to verify the "Team" of any coin just the same way we are verified in most sites.
Since most of the new coins claim the "Team" is the people shown in the pictures they shouldn't mind verifying it to this peculiar non snitch trustworthy gathering of users.
In the case a project is to be compared to bitcoin or ethereum and the team crave anonimity you shouldn't need an ICO or could provide code before launching and provide a service.
Any ideas? Would anyone actualy ask for this before investing? and keep the word and not invest without the check?
I think it is more than a fair price for trusting someone with perhaps thousands of bitcoins.
Edit: I has another interesting post few ahead for (for the ones that read op only)
With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC.
Know Your CEO.
The best way we could prevent or atleast act in the case (most certain) of one of any new project being a scam is selecting a number of trusted users of the community to verify the "Team" of any coin just the same way we are verified in most sites.
Since most of the new coins claim the "Team" is the people shown in the pictures they shouldn't mind verifying it to this peculiar non snitch trustworthy gathering of users.
In the case a project is to be compared to bitcoin or ethereum and the team crave anonimity you shouldn't need an ICO or could provide code before launching and provide a service.
Any ideas? Would anyone actualy ask for this before investing? and keep the word and not invest without the check?
I think it is more than a fair price for trusting someone with perhaps thousands of bitcoins.
Edit: I has another interesting post few ahead for (for the ones that read op only)
KYC talks about know your customer, isn't about know your SEO
but you are right, to have a good SEO now days is like have a good manager, at least is the one who will send you to the moon but is the one who will take a piece of cake XD
well atleast thats one way to stop scammer. If investor only want to invest their money to project that have KYC of CEO or even their team, then only ICO that have CEO KYC will success. so that you have a chance all the legit ICO will follow that.
KYC is still a tool to manipulate fraudsters, as security is a key issue in the crypto industry. And, of course, not all project managers will provide their personal data on demand. Therefore, it is easier to verify the authenticity of the profiles and accounts of team members than to endanger influential project participants, with the risk of personal data being leaked to a fraudster.
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