Am done with KYC - page 6. | Bitcointalksearch.org

leea-1334

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Quote from: qiman on October 14, 2019, 10:34:13 AM

KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

I agree with you about most things being double edged sword, but some things for me are simply not worth negotiating. Like crypto, used for good and for bad. Easy to use and keeps you free but difficult to use for daily transactions.

I think we all have to give up the concept of bounty for now, it is simply far too difficult to manage cheaters.

cotton ball

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Many bounty campaign have submit KYC after bounty finished for bounty hunter want to receive bounty payment have submit KYC, before you want to submit KYC check you available get token on spreadsheet bounty campaign or not, if you have disqualify what for have submit KYC, if you in spreadsheet and got token you can make KYC because without KYC your payment with bounty campaign never distribution to your wallet address.

Dewao

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Quote from: qomariah95 on October 14, 2019, 11:26:53 AM

Quote from: zeze18 on October 14, 2019, 10:48:14 AM

I'm just doing KYCs for airdrop and bounties in famous exchanges.

Usually KYC is requested by the project and not from an exchange. This makes me confused, why do you do KYC for airdrops or bounties in large exchanges. Because the KYC requested exchange is different from the KYC requested by each project.

i will not doing this KYC unless it from reputable exchange like binance and okex , this airdrop and bounty KYC should be supported bacuase you dont why they need to have it and what will be use of your id in them.

Peashooter

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Based on my experience almost all of the projects that I've submitted my kyc or personal information is a scam and didn't paid after the bounty campaign was done. We must be careful of sending out our personal information because it's not necessary to need a personal info in order to join and find a good bounty.

It is not necessary also to have an kyc on a good bounties because as I know we must remain anonymous in this crypto world. Just like who is the real Satoshi Nakamoto, no one knows who he/she was.

nasipadang

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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

What happens in the current condition is that ICO or IEO have decreased in popularity. In the past KYC was designated fro investment participants or bounties were not in countries where the project was banned because of regulations, or KYC for bounty hunters who were cheating. Be careful it is indeed mandatory especially for projects that apply KYC to receive prizes, and not all KYC projects fail. And for those who want a secure identity, I suggest not to join the KYC bounty and there are still many bounties that do not require KYC.

barnes13

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Before you do KYC, you better pay attention to the seriousness of the project. Because there are some cases of KYC data the user will be resold to several persons. So, make sure if you want to do KYC, the project you support has good credibility and transparency. And I think it's better for you to prioritize projects that don't need KYC to keep your data safe. Take care!!

Sithara007

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Quote from: qiman on October 14, 2019, 10:34:13 AM

KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

There are much better ways to deal with the bounty cheaters. For example, if an authentication post is made mandatory, then it can cut down the cheating attempts by quite a bit. Also, it should be made mandatory for users to enter their ERC-20 wallet address in the location field in the Bitcointalk profile. These are much more efficient than KYC. What is the use of KYC, when you can find scammers willing to do KYC for you in the dark market for just $5?

Aabcde

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The average airdrop or bounty now uses KYC to receive the token. I think this is not useful at all. Because the fact is why we are KYC if the tokens that we receive cannot be used as money because of the very small price when entering the market. Therefore it is better to be paid with BTC or ETH to be more feasible to do KYC. This avoids vanity because what we submit is our vital identity.

mhine07

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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 have been participating in bounty campaigns frequently and there is this bounty campaign that i join in and required KYC process for us bounty hunters to be rewarded with our bounties , but after we pass the KYC process the project that we have been participating suddenly frozen the tokens and we never know what will be the outcome of that project , their telegram channel now is we cannot search it anymore and no more updates about their project.

SolarWindMiningCompany

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Quote from: zeze18 on October 14, 2019, 10:48:14 AM

Quote from: qiman on October 14, 2019, 10:34:13 AM

KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

I'm just doing KYCs for airdrop and bounties in famous exchanges. I have to make sure that my identity is safe and not used by random people to do a crime or scamming others.
So, if it's not so famous platform asking for KYC, i would definitely say no

I still do KYCs but only on credible platforms. As long as you still participate in cryptocurrency buy and sells especially at ICO and exchanges, KYC remains mandatory. You can only be careful with the platform you deposit your personal information to ensure that they have user data protection policies duly abided by the platform.

FaithInCrypto

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mada mada dane

I haven't joined any bounty yet as my account is still a newbie. But since I know Altcoin for two years now I heard about KYC's a lot around so I asked myself if I would give my personal details in joining these new ICOs. The answer is NO. Even though I am often using the internet but I still have privacy issues so I don't click any anonymous links and submit IDs unless if it is from a trusted site or company I know. It is really hard to protect what you own these days as there is a chance that your data will be sold to a third party without you knowing.

HabiebRiziq

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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

Not all projects that require KYC fail and do not pay or distribute their tokens. It is true, although sometimes we feel afraid to give out our personal information because later it could be misused without our knowledge, but to get rewards from what we have done, like it or not, we must provide our personal information and hope that the project can developing and listed on the exchange.

qomariah95

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Quote from: zeze18 on October 14, 2019, 10:48:14 AM

I'm just doing KYCs for airdrop and bounties in famous exchanges.

Usually KYC is requested by the project and not from an exchange. This makes me confused, why do you do KYC for airdrops or bounties in large exchanges. Because the KYC requested exchange is different from the KYC requested by each project.

Pearls Before Swine

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Quote from: Sacramentus on March 24, 2019, 01:57:49 AM

Yes I believe you that some guys might just want to steal our ID maybe to sell them on the dark Web or something.

First off I'm not a bounty hunter and never will be. However I frequently read topics in the scam accusations section and lately I have seen a couple of them dealing with the fact that some of these projects have imposed kyc requirements right at the end of the bounty. That is inexcusable in my opinion, because any such requirements should be put in the bounty thread right from the start.

And what I would worry about if I were a bounty hunter is precisely the above, ie, that the project would give my ID docs either to spammers or to shady identity thieves on the dark web. There is no way one could trust them not to do that, since these are basically people you know very little about. Half the time they use fake identities anyway, so why would you think they'd care about selling *your* identity?

zeze18

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Quote from: qiman on October 14, 2019, 10:34:13 AM

KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

I'm just doing KYCs for airdrop and bounties in famous exchanges. I have to make sure that my identity is safe and not used by random people to do a crime or scamming others.
So, if it's not so famous platform asking for KYC, i would definitely say no

bassbity

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Quote from: ?? on ??

Quote from: budi12 on October 14, 2019, 10:18:36 AM

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

before making KYC, you have to find various information about the project you are following, because until now the project that I have followed always pays the bounty participants and the project is developing well in the market ... so the KYC that I give is not in vain because of KYC (identity ) Personal is very confidential to us so that it is not used by irresponsible parties.

but you can never be sure how the project will use your data. there is no guarantee that you will have good payouts while completing KYC and that the project will be successful

I have never heard of a project that uses other people's data for other needs, but I like being confused when the bounty ends the team decides to KYC to the participants while the token has no value in the market? what do you do immediately KYC or leave the project asking for kyc that has no value ?.

qiman

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KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.

budi12

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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

before making KYC, you have to find various information about the project you are following, because until now the project that I have followed always pays the bounty participants and the project is developing well in the market ... so the KYC that I give is not in vain because of KYC (identity ) Personal is very confidential to us so that it is not used by irresponsible parties.

asder250

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KYC process is the worst thing what I have ever seen in cryptocurrencies. It kills the idea of cryptocurrencies, it brings many problems into this ecosystem regarding KYC hacks or any other form of KYC abuse.

yulchatar

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Quote from: desticy on October 09, 2019, 02:05:04 PM

Not all bounty programs requiring KYC should be bypassed. All individually. From the last such projections, for example, sparrow, temtum, and bcnex can be distinguished.
They all asked for user data, while they are real projects with real products. By the way, these projects were conducted by worthy managers, except bcnex, there was a manager from the company.
So as a criterion, you can use the reputation of a bounty manager.

I can also add harmony to your list, this is also a good project, I passed the KYC verification and received a reward for the bounty campaign. So, I also think that not all projects that require verification, we must ignore.

Topic: Am done with KYC - page 6. (Read 22086 times)