Am done with KYC - page 13. | Bitcointalksearch.org

Flux0z

member

Activity: 406

Merit: 10

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.

Miy Monk

copper member

Activity: 53

Merit: 0

This could be a true fact. Because, public information is very important for many companies to develop their products or services and to promote them into the real market. The price of public information is very high. KYC could be the way of gathering this type of information without any extra cost or hassle.

Starfranko

jr. member

Activity: 672

Merit: 1

Since most folks are becoming jittery over the security of the personal details they provide due to kyc , it is in my opinion necessary that bounty managers should assure bounty participants in particular on the ye safety of the information they provide.

anggaem

member

Activity: 672

Merit: 10

nah thats true, i dont know why but bounty project without KYC is always legit than bounty thats require for KYC.
and I will never do KYC again because I think it's very dangerous to do it continuously.

valter_dego

member

Activity: 504

Merit: 10

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 have there is only one project in which I has passed KYC not yet listed on the stock exchange. So I can't confirm your supposition regarding passing of KYC in bounty campaigns.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: Almasani on July 28, 2019, 02:11:37 PM

Actually using this cryptocurrency without using KYC can also be used by anyone. But most of the companies, for example, are KYC verification exchanges. Their strong reason is that when our data is lost, they can reset our account with proof of the KYC we use.

But unfortunately, there are fake projects that take our data to negative things. I think before we give the data to them, we must first verify their project.

This is our responsibility as a crypto user, to verify their authenticity as a project or exchange. Because they might be collecting our data for their personal gain. Before submitting your docs, you need at least do a research of these companies, if they do exist or just dummy ones. Once you submitted, you can't retract those docs, right?

Almasani

full member

Activity: 854

Merit: 102

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

Actually using this cryptocurrency without using KYC can also be used by anyone. But most of the companies, for example, are KYC verification exchanges. Their strong reason is that when our data is lost, they can reset our account with proof of the KYC we use.

But unfortunately, there are fake projects that take our data to negative things. I think before we give the data to them, we must first verify their project.

lab rat hoax

hero member

Activity: 1030

Merit: 502

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Quote from: MadeinCoin on March 24, 2019, 01:00:56 AM

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

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

I don't think of everything like that, all back to the project itself.
Warning. before give a personal identity to another party, think first. I see many people give their identity easy, only because for ($5/$10)

Probably that’s one of those things that i’ll never understand. Our identity is important guys, it shouldn’t be this easy to share all these information just for $ 5-10. Even if the amount is much higher, we still should think about if it’s worth to do Kyc. I don’t trust many project enough to share my personal info with them.

kalstarzz

full member

Activity: 770

Merit: 100

we must be very careful in providing KYC information, we must really understand the flow of a project, and know the potential of the project. if we don't know about it, we must avoid KYC, because it is not uncommon for projects to hide behind KYC to avoid large distribution of bounty participants.

alroys

jr. member

Activity: 448

Merit: 1

I do not believe that all Bounty projects that use KYC are SCAM. I don't think so. We really have to be careful in doing KYC, don't do KYC against unclear Bounty projects, choose a truly good and trustworthy Bounty project. If you are in doubt about doing KYC, then don't do it.

thesmallgod

full member

Activity: 1498

Merit: 129

There is huge risk associated with bounty campaign. Either bounty requires kyc or not, the fact still remain it can pass or fail. Probably you are lucky to get campaign that doesn't require kyc getting listed and seems OK compare to the one that doesnt. I think the reason why many project require kyc is because they are try to be in compliance with laws and regulations of the country in which the project is registered. To you bounty hunter, you may not fully understand the importance but investors does. In fact there are some investors that believe more in project that do kyc than the other.

carriagehoodlum

full member

Activity: 312

Merit: 100

Quote from: wanted sliter on July 28, 2019, 11:33:05 AM

I think KYC doesn't relate anything to succession of an coin.
That is 2 very different aspects. And if they just open a bounty and make a new altcoin just for hunters's information, I'm asking myself, who's gonna buy that infor... And what for.

there will never be a connection. but KYC can provide a view of the community that is owned and supports them, there are real, not fake communities. in addition to protecting investor rights that can be divided equally if there are restrictions, KYC can also actually control the bounty hunter.

wanted sliter

member

Activity: 398

Merit: 10

I think KYC doesn't relate anything to succession of an coin.
That is 2 very different aspects. And if they just open a bounty and make a new altcoin just for hunters's information, I'm asking myself, who's gonna buy that infor... And what for.

Ochakemaput

member

Activity: 483

Merit: 10

terra-credit.com

Quote from: letyouearn on July 28, 2019, 09:42:59 AM

KYC is everywhere now - it's almost impossible to find project without it. I think the situation is so negative because of the global ICO crisis - most of the projects can't normally promote their ideas.

not all projects use KYC. but most of them use it. if they give time after the campaign is finished it won't be a problem. the most important thing is not at the beginning of the campaign, because they can run away with our data.

EXtremeAEX

hero member

Activity: 798

Merit: 503

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

Of course, the KYC is not an identifier of the reliability of the project. You should always be very vigilant and taking part in bounty campaigns and during the passage of the KYC.
I was faced with the fact that the project used a sudden input of the KYC, after the end of the bounty campaign (obviously, in order to weed out some of the participants). And then the project transferred it tokens to "shares" while demanding not just passport data, but also financial information. Of course it was unpleasant, after my work was done, to face this. Of course, I refused such a process.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: letyouearn on July 28, 2019, 09:42:59 AM

KYC is everywhere now - it's almost impossible to find project without it.

thats not true . i still see projects ( bounties & airdrops ) that dont have a kyc but i think their succes rate was slightly lower compare to those who have a kyc . sponsored projects do mainly have a kyc .

@op , maybe you dont do research on the projects before you join ? you know the state of the bounties this year are still poor despite of the recoveries of the cryptos . also , you should stop giving your kyc's for a while and continue do bounties that are less strict

pragna

full member

Activity: 1582

Merit: 101

I don't think this actually. It was a miracle for you that those bounty whom you did not pass kYC was successful. In my bounty experience it did not done. Maximum times i passed my kyc and there some campaign was outstanding and some failed. So i am not with you Grin

Thanks.

letyouearn

legendary

Activity: 1722

Merit: 1014

KYC is everywhere now - it's almost impossible to find project without it. I think the situation is so negative because of the global ICO crisis - most of the projects can't normally promote their ideas.

carrie_white

full member

Activity: 784

Merit: 101

I also feel what you feel, because I also feel uncomfortable by spreading my personal identity on KYC bounty, even though the bounty is a success, but it has become an obligation now, for the positive and avoiding bounty hunter cheating. my advice is wiser in choosing bounty, must be trusted

numanoid

legendary

Activity: 1890

Merit: 1148

Quote from: Shymko on July 21, 2019, 12:52:54 PM

Yep and that is the best way for us to eliminate users who use multiple accounts. It will help participants get fairer than before. I do not like KYC but it is one of the mandatory requirements for us to participate in the bounty

There are only some of bounties which required you to do KYC. Yea, one of their reason why KYC should be implemented on bounty because to prevent from multi-accounts to cheating them.

Quote from: ?? on ??

I have the same opinion like the original poster. I am also done with KYC. I am not more investing in ICOs that requests for KYC and also not more participating in bounties that do the same. There might be projects that run away with the money and our IDs.

Remember, there are few ICOs/IEOs which asking you to do KYC while the bounty ends, they didn't asked you when bounty started.

Topic: Am done with KYC - page 13. (Read 22165 times)