Am done with KYC - page 12. | Bitcointalksearch.org

andika2018

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Quote from: tonyvo2017 on August 09, 2019, 01:09:54 AM

For projects that want us to offer KYC, those are really bad projects. because they need our information to sell to other businesses to make money.
therefore, we should only select the campaigns that tokens are listed on, they will not ask us to implement KYC.

I dont think so. Many projects require KYC because there are provisions from the government and the developer team must comply with the regulation. I don't think the developer team will sell our data to third parties because it is a criminal offense.

keziakusayang

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Activity: 434

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I think the project that requires to send Kyc is to avoid fraud from participants, that's normal, but there are also some bad people who want our personal data and finally there is no development and the project is a scam. i can't think about that. I just followed it to receive payment even though I had to use kyc, I don't mind that.

polylogic

sr. member

Activity: 546

Merit: 254

ʕʘ̅͜ʘ̅ʔ

wow hey guys, this is a little funny.
kyc for bounty? Grin

why not kyc for free token?
ive been away the last year and i come back and see, sh*t got worse.

no seriously... dont do kyc on bountys.
dont do kyc on ico. only if its a good project with a financial product.

dont send your id around the web.

if you didnt follow the news, binance lost over 10k kyc pictures.
its a big sh*t show. most people scared of regulations, but we have the freedom of bitcoin.

keep your heads high.

b1boy

jr. member

Activity: 392

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I bolster the thoughts go crosswise over in this post. Asides from bounty ,rendering ones individual subtleties over the web is a dangerous practice and as I would like to think it's essential to do legitimate checks to guarantee the site is protected from programmers before dropping such unpredictable subtleties.

zuziekatee

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Activity: 139

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You are definitely right ! Personally I am not too cool with giving out my details for anyone especially online ! Who knows what they do with it ! Another observation is that project with strict kyc rules don’t really pay well ! Except for few .

Ridwan Fauzi

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Quote from: tonyvo2017 on August 09, 2019, 01:09:54 AM

For projects that want us to offer KYC, those are really bad projects. because they need our information to sell to other businesses to make money.
therefore, we should only select the campaigns that tokens are listed on, they will not ask us to implement KYC.

Depend on the team behind the project itself, I'll give my KYC if the project's team is legit and I'll trusted them to use my personal identity.

In other side, I'll choose project who has a potential, I mean when I read all about the project is really interesting and I ensure the project will give a huge profit for me.

Therefore, when you choose bounty campaign you need to make an analyst against them, I think you have gave your KYC since you came to crypto industry, either to taken part bounty program or to make an account in the exchange.

jerrison

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 12:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

The obvious fact is, i am beginning to think that projects that request for KYC are not just trying to deceive people but also using their details for something fishy, imgine if the KYC database of a particular system gets hacked.. couple of days ago, I saw some tweets about BINANCE KYC database beign hacked, although this information is yet to be confirmed but imagine what the case would be if it so happens that this is true.

john_nautica

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 12:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

we should be able to tell more from the beginning whether the project really can develop properly or not. so it's actually very loss if we do kyc but with coins that have no potential. maybe it can be used as experience if it doesn't have good potential, we don't need to do KYC

iyah adrian

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Activity: 574

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Quote from: ?? on ??

I never participate in a bounty where they are required to provide their public data.

Bounty requires the participants to KYC and some do not require it. So, it all depends on you determine. What mode would you prefer to participate in. If you are not happy with KYC, then don't participate in the bounty. Vice versa.

tonyvo2017

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Lifestyle & Wellness Platform

For projects that want us to offer KYC, those are really bad projects. because they need our information to sell to other businesses to make money.
therefore, we should only select the campaigns that tokens are listed on, they will not ask us to implement KYC.

March21

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You should realize it faster. Don't give out your personal data easily. In fact, many airdrops have asked us to fill in personal data. Logically, for what we exchange our personal data only for token uncertain. They are smart, they deliberately put their token price (eg $1) on their website. So if you only get 20 tokens, of course, the price will be $20. They are fooling us.

senin

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Quote from: upyem2k on August 08, 2019, 09:30:41 PM

I have discovered that too as a bounty hunter. The so call KNOW YOUR CUSTOMERS (KYC) seemed to just be a way of making the scam project look real to unsuspecting hunters who work for the project team to attract investors which the team eventually scam.

In fact, a KYC audit should only be carried out to prevent cases of dirty money laundering and to combat the financing of terrorism. Conducting such an audit for another purpose is illegal. Thus, this check should apply to investors in ICO projects that invest heavily in these projects and this should not concern bounty hunters.
On June 21, the International Financial Action Organization (FATF) adopted its recommendations, which stipulate that only those who send transactions worth more than one thousand dollars should undergo a KYC audit.

jack8989

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Activity: 331

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StartFi

Quote from: Dacosta Osei-Tutu on March 24, 2019, 12:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

I think you are unlucky to just participate in bad projects. I have also participated in a number of projects that they want us to provide KYC like TGN, OATH, ... but they are still very successful at keeping prices good.
You should analyze it more carefully before participating in certain projects to minimize risks.

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

I am thinking that the reason why companies tend to do KYC's is because of the likelihood of having this large insecurity with its participants. Therefore there is a tendency that companies that are insecure of its investors will project much more authority and will make a list of all the names and addresses of its participants. So I am always wary of these kinds of projects.

reality18

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Earn more with Earn Network

Quote from: Bay_Harbour_Butcher on July 19, 2019, 10:22:24 AM

in my opinion doing KYC for bounty is indeed an obligation and must be done, even though the bounty campaign that was carried out eventually ended in failure, it does not mean that it was all wrong with KYC, indeed the crypto market factor is lacking the attractiveness of investors

Of course it is very dangerous to give ones personal details to an unknown cryptocurrency projects because there is the likelihood of running away with these data for their personal gains. However, due to legal reasons and verification purposes, KYC cannot be omitted now in crypto as this innovative and revolutionary technology begin to grow and reach out to the general public.

fileo

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Rangers Protocol

Quote from: MUG1WARA on March 24, 2019, 02:21:19 AM

Right now, project that I'm following requires all participants who join to do KYC and I do that. I've the reason why I am doing KYC because I see project I am following now really has a good team and real products. I also will not provide my personal information if the project is unclear

This could be an example if you op don't want to undergo to pass KYC process to dead project. First thing first is secure your identity passing it to secure and successful team not just for money.

fulled

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i have strict standard for giving my kyc for bounty project, i only do this if i believe with the project. I dont want in future my kyc used to doing something illegal by that project

upyem2k

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I have discovered that too as a bounty hunter. The so call KNOW YOUR CUSTOMERS (KYC) seemed to just be a way of making the scam project look real to unsuspecting hunters who work for the project team to attract investors which the team eventually scam.

lousie9

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Maybe you get a project that is less fortunate because there are also many projects that are very lucky when we do KYC and clearly provide this token with very good market quality, so for the KYC project the obvious problem is not a reason for us to give because everything also already exists arrange it especially for luck, all sizes are available so we can only continue to try and pray.

trust7

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Quote from: Flux0z on July 29, 2019, 01:41:03 PM

Crypto and KYC is two words that shouldn't even be in the same sentence, lol.

I hope you guys WAKE UP, and actually care a little about your privacy online.
Know Your Customer is good for centralized services, but those are again contradicting from what crypto is about. Roll Eyes

Trade on DEX's, care about your privacy, otherwise all your personal details might end up in the wrong hands.

I'll personally trade on the Stakenet Lightning DEX as soon as it's out, since it doesn't need KYC, Registrations, or anything else for that matter. Just plain peer to peer transaction with low fees.

Do your own research on this one though.

In general, who thinks about KYC? Personally, I try to avoid it in every possible way. I do not want to shine their documents. Who else thinks, share.

Topic: Am done with KYC - page 12. (Read 22165 times)