Am done with KYC - page 31. | Bitcointalksearch.org

pushups44

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 01:50:35 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

You're right. People will dismiss your concerns or call you crazy, but KYC documentation is being sold on the dark web - this is a FACT. All it takes is a rogue employee among these questionable ICOs to grab ahold of dozens and dozens of KYC documents and sell them on the web. Hackers could even get ahold of these documents to convince exchanges that they are you. KYC is dangerous.

Astvile

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Activity: 1484

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This is the reasons why i always ask if there will be a kyc for bounty hunters when the campaign end and if they say yes then ill pass on it,i dont like giving my identity to some online company which can easily hide them self and run with your money and identity is not safe.

maculeth

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BountyMarketCap

the obvious difference is between the 2018 year before the bear market. so when previously bounty or airdrop went well and without kyc, but after the bear market, bounty requires that those who do not necessarily have tokens will be registered in the market exchange and also a low exchange rate. in my opinion it is not worth it, because before without any kyc I was able to get good rewards too.

pinoy.bolanon

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 01:50:35 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 also have experienced this one where all the projects with kyc is not developing after all, but one thing i dont understand is that i recently received some emails that someone is opening my exchange accounts i mean almost all of my accounts someone is opening because i got the notifications.

shiming

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KYC involves sensitive personal data, and if it is sold online by others, it will cause us a lot of damage. Now some projects, in order to monitor demand, need our KYC, we can choose not to participate in such projects. Of course, the project is reliable and you can choose to participate. This requires your own judgment.

bartusv

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Personal data is sensitive information and we have to be careful with them. It is for verifying the identity of the clients.
The purpose of it is mainly anti-money laundering regulations requirement and it cannot be avoided if you want to invest.
KYC does not insure that the project will be successful.

UniversityCoin

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 01:50:35 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

If you see that the bounty campaign requires the passage of the KYC - immediately run away from it. As a rule, such campaigns are conducted by fraudsters in order to obtain your personal data for use in their dark deeds.
In those rare cases when you managed to earn something, they can tell you that you have not passed KYC and will not pay anything.

Ranly123

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 01:50:35 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

Then choose bounty campaigns which do not require KYC if you are in doubt about it. Knowing there are many scams surrounding cyrptocurrency especially in ICO, so requiring KYC for their project is is one of the solution the devs has come up to prove that they are legitimate and not a scam.

cchub

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Migranet ITO

KYC for bounties is not necessary. If they ask your documents for bounties, they are planning something bad. That's my opinion.

Stargazer

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It's not like that! KYC is not a measure of a project's success or failure. It is just a process to verify the investors and supporters! Many big projects did not ask KYC, but a project with 1 Million caps asked only passport accepted KYC! So, it is just a coincidence that most of the KYC asking project failed even listing on exchanges! Otherwise, I support KYC procedure, and day by day more strict KYC system will come to avoid scammers and hackers from the blockchain industry!

aioc

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 01:50:35 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 are ICO that the primary motives is just to do KYC because people's vital information is selling hot in the dark web, and the funds they've got from ICO are just bonus, after that they can delete everything because they have lots of bounty hunters who submit their information to them.

andika2018

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Quote from: MakeMoneyBtc on March 27, 2019, 07:41:31 PM

Yeah, KYC should necessarily be a sign that a project will become successful in the future. Recently most projects have started to ask for KYC just because that's what everyone is doing and I think this is a bad decision because a lot of potential clients now ran away because they don't want to reveal their own identity.

We never know which project will success in market. KYC is only to comply government regulation and i think its good for investment climate. I think if the project is good and have potential, investor will keep investing because every investor want to make profits

Cryptrx

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Same here with me. Bitcoin is in actual sense supposed to be anonymous peer to peer transactions, any bounty that asks for kyc won't be for me.

trashman43

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For some reasons I think KYC is good for the crypto ecosystem. I believe this will help project managers and team know the people or investors they are working with. Which will also help them to identify scammers on their platforms.

Bloodseekers

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Yes, i think i agree, bounty hunter should not fill KYC form, and we know many project which required kyc not success, even be scam, and i dont know the reason why bounty hunter must kyc, If for prevent multi account i think using another ways, not kyc, because our data is so sensitive

Sarastiche

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KYC is just an avenue for developers to know there customers that does not have a direct impact on the value of the token, Thou several scammers who disguise as ICO developers use the KYC plaform for data collation, it does not mean alll ICO developer that ask for KYC are scammers.

MakeMoneyBtc

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Yeah, KYC should necessarily be a sign that a project will become successful in the future. Recently most projects have started to ask for KYC just because that's what everyone is doing and I think this is a bad decision because a lot of potential clients now ran away because they don't want to reveal their own identity.

renault18turbo

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Unfortunately crypto became too scammed and I would suggest to think twice before participating in KYC.

AtlantaFive

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I stop joining campaigns who ask for kyc verification because i don't want my identity to misuse by them. Some bounty too have kyc but failed to deliver at the end. You earn nothing but dust and your personal information is with them. That's why i'm very picky when it comes to choosing bounties.

PuertoLibre

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KYC factor is biggest wall against the scammers and bounty hunters with multiple accounts in my opinion. There is a need to make more developments in the future and KYC will develop for the making the procedure more simple.

Topic: Am done with KYC - page 31. (Read 22121 times)