Am done with KYC - page 29. | Bitcointalksearch.org

Sanitough

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Quote from: prayogi on April 14, 2019, 06:29:12 PM

I always make sure the bounties that I follow really have good potential, I also have concerns about KYC filling, but I believe that the projects that I follow can maintain the security of the personal data that I provide, indeed not all bounties that require KYC have good prospects, I follow a bounty that requires KYC and that do not require KYC, as long as the bounty has a good project, I will join it.

Actually for bounties I cannot assure that they can protect our data or they are legit.
Project that are in ICO are new project, they are just taking a journey hoping to be successful, so they could also fail, and when they fail
they already have our data or information and that's the risky part as they can sell it in the black market.

I am just confident in bounty that does not require KYC.

prayogi

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I always make sure the bounties that I follow really have good potential, I also have concerns about KYC filling, but I believe that the projects that I follow can maintain the security of the personal data that I provide, indeed not all bounties that require KYC have good prospects, I follow a bounty that requires KYC and that do not require KYC, as long as the bounty has a good project, I will join it.

plr

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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

There is no guaranty that ICO that ask for KYC, can become successful and there is also a guaranty that those who do not ask a KYC will become a failed or scam project, so it's better for you not to undergone KYC to protect yourself since there's a possibility that you can imperil your personal information to a third party.

powerman24

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Do not think that KYC has to do anything with the success of the project. It could be just a coincidence that those project you did KYC failed. I do not believe projects with KYC are doing data phishing.

Invigorated

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Seriously, this issue of KYC has done far more evil than good with a lot of people falling victims to personal abuse, attacks as well as private life encroachment. These days, several of these companies tend to sell out kyc information to the highest bidders which makes it all the more highly risky. Rules governing crypto kyc have to be enacted to forestall any further negative occurrences.

Isiaka208

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This is relatable even though not applicable to all, but you should refrain from giving out your personal information to groups you don't have full knowledge of their genuiness.

Jenkins33

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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

All of you are right. Look at how many personal data and passports are walking in the network, all of them are laid out by fraudsters, who obtained the data of people after passing through the KYC.
You see the requirement to go through KYC - do not participate in these projects.

Runbitup

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Quote from: Peruvyn on April 14, 2019, 02:22:20 PM

You shouldn't overgeneralised for you not to miss out of a solid projects that might need kyc in the future. Though there are bad actors out there that collect kyc details with bad intentions in their heart but that doesn't mean there are not good ones, we just need to be careful

not all KYC is bad because the last time I followed Airdrop that needed KYC and was proven to produce.
so we cannot call all KYC bad because it depends on the developer or team in the project.

omone1

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It's wrong for a project to state at the beginning that there is no KYC for hunters, and afterward because of trying hedge out some hunters in other not to pay hunters, they will introduce KYC, this is against the rule of fair play. All terms and conditions should be constituted at the beginning and should be strictly adhered to. Such projects who would later introduce KYC after end of bounty either will scam or just evaporate if they ever get listed on the market.

Peruvyn

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You shouldn't overgeneralised for you not to miss out of a solid projects that might need kyc in the future. Though there are bad actors out there that collect kyc details with bad intentions in their heart but that doesn't mean there are not good ones, we just need to be careful

crispynougat

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Yes, all ICO coin development depends on the Team. If they have a very solid Team, surely the tokens will be immediately listed on the Exchange. I see that this KYC is not a determinant of an ICO project that works or not. You still have to be careful and take the time to check.

bassbity

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Quote from: asriloni on April 14, 2019, 10:05:43 AM

Quote from: boyz97 on April 13, 2019, 09:11:15 PM

Quote from: TWW on April 13, 2019, 08:51:39 PM

Quote from: Haterstestbtc on April 13, 2019, 08:47:56 PM

Yeah! Better to ask for KYC requirement at first. But there is one thing which is best thing for it. There is a rules which the bounty manager should initiates this. They only got the kyc requirements of every participants once the distribution of token is final to avoid stealing of personal identity of others.

each manager or team has a different policy. sometimes there are announcements that do not need KYC but after the campaign is finished they announce a new rule for charging KYC. we as bounty hunters can only follow to get rewards. as long as the requirements are still normal I don't think it's a big problem.

we have to calculate with its reward value too.personally i will not pass kyc if its value only small amount.i am prefer to keep my document than give it to strenght people.

But where did you know if that will be valuable or not when it's not yet even listed on the exchange site? but this just like a gamble your identity with a bunch of coins. I will not do that because that's my privacy and that must get protection from the strange person include developers.

Maybe if you get a lot of coins from the results of the new bounty, you will do KYC if the results are small, you don't need to do it because it's not comparable to what you send your data to.

zhekinsp

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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

Most of the bounty hunters hate KYC for obvious reasons but still the bounty team asking to complete KYC if you want to receive tokens after the completion of bounty which is very unfair so people have to ask the team while joining and make it clear about whether they will ask for KYC or not.

Newmusa

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I don't like to participate in any bounty campaign that requires kyc because most of the time the kyc requires much stress before you can pass kyc and at the end of the campaign the project may not success.

asriloni

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Quote from: boyz97 on April 13, 2019, 09:11:15 PM

Quote from: TWW on April 13, 2019, 08:51:39 PM

Quote from: Haterstestbtc on April 13, 2019, 08:47:56 PM

Yeah! Better to ask for KYC requirement at first. But there is one thing which is best thing for it. There is a rules which the bounty manager should initiates this. They only got the kyc requirements of every participants once the distribution of token is final to avoid stealing of personal identity of others.

each manager or team has a different policy. sometimes there are announcements that do not need KYC but after the campaign is finished they announce a new rule for charging KYC. we as bounty hunters can only follow to get rewards. as long as the requirements are still normal I don't think it's a big problem.

we have to calculate with its reward value too.personally i will not pass kyc if its value only small amount.i am prefer to keep my document than give it to strenght people.

But where did you know if that will be valuable or not when it's not yet even listed on the exchange site? but this just like a gamble your identity with a bunch of coins. I will not do that because that's my privacy and that must get protection from the strange person include developers.

cribusen

copper member

Activity: 490

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There are several problems of a KYC process by bounty hunters. On the one hand, a KYC process needed to be announced before the launch of a bounty programme, to avoid misunderstanding. On the other hand, team members are free to do what they think is good for project.

CLywaTeLb

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Quote from: tondenga2122 on April 13, 2019, 10:06:25 PM

Quote from: BennyK on April 13, 2019, 09:34:25 PM

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

KYC is not a guarantee for the success of a project. "Know your Customer" as the name goes is chiefly for verification purposes thus to eliminate the double and bot entries. It also gives the project a clue on how strong and supportive their actual community is. For this reason, every investor or bounty participant is required to perform a personal study on a project before joining in order to ascertain its authenticity, capabilities and if KYC will be required.

Absolutely right, there's no way we can determine the success of the project through its verification method.
KYC is only needed to prove that the user is real, not a fake account. And besides that is only for better security.

There are other ways to verify the user. It is better to do the KYC procedure for the creators of the project. But in this case it will be KOD (Know Our Developer) Grin

or like this. At least to some extent this will complicate the lives of scammers.

BurstBurst

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As you can see in today's bounties there are lots of bounty but others become scam or unsuccessful so it's also frightening to the bounty required by the kyc because when you give out your information and have not been successful they can use it for other person to get someone else's scam or scam and the pain of scamming your information is so much so that people can get more bounty hunter wondering why it's a requirement and not the bounty I can say kyc should not be required in bounties because of their privacy that they should not know for their safety.

Keadyar

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It seems to me that KYC contradicts the very concept of cryptocurrency that Satoshi Nakamoto voiced in 2008. But alas, this is the reality of today.

Nivelir

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KYC process itself becomes very, very dangerous. I am sure that you understand this. The process itself seriously endangers your identity. Perhaps there are people who have already understood this and people still do not do KYC

Topic: Am done with KYC - page 29. (Read 22155 times)