Topic: 🔴 🔴 🔴 Attention: KYC for Bounties 🔴 🔴 🔴 - page 4. (Read 1088 times)
Yes it's crazy that some (a small amount) of bounty campaigns require KYC. Myself, I just skip on by them as their is plenty of others to choose from out there. It's bad enough having to supply it to some exchanges.
Great thanks for info i have submitted my identity for some bounties without thinking twice now this post made me to think several times . It is the most useful thread I have found in bitcointalk in recent time.
Fantastic post. Taking this stuff into account is really important. When I was doing Bounties a few month ago all they really wanted was your email and address, so it's frankly pretty scary to me that some are asking for all kinds of stuff now.
This is what I am afraid of providing personal data in terms of bounty campaign. I honestly avoid and do not want to participate in a campaign that has a kyc, but the requirements of the kyc are often added in the middle or end of the campaign and the campaign participants must surrender to meet those requirements.
I have experience about this, 5 years ago when I signed up and played in gambling sites. I gave the phone number to verify the account, but after 4 years I never played in the site, I still get these messages and messages precisely from other gambling sites. Until now I always receive 3-5 messages per day about gambling promo from different sites. It is obviously very disturbing comfort and privacy.
From this experience I really avoid any thing related to kyc. Differences of opinion pros and cons always happen, all have advantages and disadvantages.
I have experience about this, 5 years ago when I signed up and played in gambling sites. I gave the phone number to verify the account, but after 4 years I never played in the site, I still get these messages and messages precisely from other gambling sites. Until now I always receive 3-5 messages per day about gambling promo from different sites. It is obviously very disturbing comfort and privacy.
From this experience I really avoid any thing related to kyc. Differences of opinion pros and cons always happen, all have advantages and disadvantages.
totally agree.
There is no reason for us to sell our private information just for a slide of cake. Those campaigns that require KYC is so ridiculous
There is no reason for us to sell our private information just for a slide of cake. Those campaigns that require KYC is so ridiculous
I'm avoiding any ICO or Bounty what are required KYC.
The whole idea of cryptos is to stay away from this sh*t KYC.
The whole idea of cryptos is to stay away from this sh*t KYC.
Amen.
The hell with that kyc crap.
I even stay away from any exchanger that asks for my identity.
I totally understand why this is happening and while everyone is worried about identity theft, we need to up the point that the bounty campaigns are rampant with thieves and cheaters creating multiple accounts and doing multiple blog post duplication as well to steal other people's fair share of the earnings. I am sick of seeing so many cheaters stealing the bread from us honest folks who work hard to earn our fair share. So to be honest, I don't blame some bounty campaigns for implementing this because of those stupid and greedy cheaters. Maybe full KYC is a bit much, but some kind of identity thing should be introduced that is not too privacy invasive.
I thought that KYC was introduced to regulate the actions of ICO project in accordance with the law of the country. Cheaters with multi-accounts are not their original goal. Governments of the United States, China, Singapore and other countries prohibit their citizens from participating in ICO companies. Therefore, they began to demand KYC to exclude their participation
I totally understand why this is happening and while everyone is worried about identity theft, we need to up the point that the bounty campaigns are rampant with thieves and cheaters creating multiple accounts and doing multiple blog post duplication as well to steal other people's fair share of the earnings. I am sick of seeing so many cheaters stealing the bread from us honest folks who work hard to earn our fair share. So to be honest, I don't blame some bounty campaigns for implementing this because of those stupid and greedy cheaters. Maybe full KYC is a bit much, but some kind of identity thing should be introduced that is not too privacy invasive.
I thought that KYC was introduced to regulate the actions of ICO project in accordance with the law of the country. Cheaters with multi-accounts are not their original goal. Governments of the United States, China, Singapore and other countries prohibit their citizens from participating in ICO companies. Therefore, they began to demand KYC to exclude their participation 
Requiring us to pass KYC procedure campaign violate the very idea of using cryptocurrency. We must always be anonymous. But here we give our data to unknown persons with our own hands. I believe that the campaigns that require it should leave this forum, and never again appear here. And in general KYC - Know Your Customer. How to treat this bounty participants I can not take into my head.
I totally agree with you. Why we need to complete the KYC process? What is their purposes collecting our information? It is totally confusing in my part. I want to be an investor but I can't make it because of KYC process. KYC process need your personal information like passport, certification to your country.
I'm tentative about giving exchanges all my info, let alone something like a bounty program or airdrop!
Honestly, i hate when some ICO or airdop event required KYC things.
Recently, POLYMATH NETWORK also forced their member to do KYC before join the airdrop.
Ico is a bit make sense rather than airdrop. How these people must complete KYC verification just to earn shitcoin. It doesn't make sense at all. The problem is they don't know what they are playing right now. Recently, POLYMATH NETWORK also forced their member to do KYC before join the airdrop.
Due to the regulation. Honestly, those icos are trying to prevent investors from US, CH, Singapore and another country that already released ban announcement for ico. But they are forcing all of the investors to complete KYC verification due to avoid investors from those countries are banning ico right now.
They think if that's the only way. Majority of people from US, or even China are still using VPN to avoid IP ban for those countries.
That people would be sane if they give away their personal identification data just for a few dollars bounties. They exchange their valuable data only for a few bucks. People really need to think their personal data is important.
I totally understand why this is happening and while everyone is worried about identity theft, we need to up the point that the bounty campaigns are rampant with thieves and cheaters creating multiple accounts and doing multiple blog post duplication as well to steal other people's fair share of the earnings. I am sick of seeing so many cheaters stealing the bread from us honest folks who work hard to earn our fair share. So to be honest, I don't blame some bounty campaigns for implementing this because of those stupid and greedy cheaters. Maybe full KYC is a bit much, but some kind of identity thing should be introduced that is not too privacy invasive.
This is very usefull so that people not cheating using more than one account on any bounties. But if think again many people who do not want their identity known by others. Though I totally disagree with using KYC for bounties because privacy is the main thing for me.
Actually kyc requests are good to avoid from spammers. There are so many people joining with multiple accounts. But on the other hand, decentralized systems are known as providing anonymous processes and giving kyc makes you totally nonanonymous.
All the same, let's hope that sooner or later laws will be issued that will be given to the head by those who write these laws and who accepts them, why should I merge my data into the network, I'm not going to do this. No one guarantees you the accuracy of your data.
Thanks for this info
In the near future, all bountiy campaigns will require confirmation of identity.
This will undoubtedly be done under the influence of financial regulators and official authorities.
And it really will be dangerous to participate in low-grade bounties, which can prove to be fraudulent projects
with the sole purpose of obtaining our passport data. Thanks for the warning. We will be vigilant.
This will undoubtedly be done under the influence of financial regulators and official authorities.
And it really will be dangerous to participate in low-grade bounties, which can prove to be fraudulent projects
with the sole purpose of obtaining our passport data. Thanks for the warning. We will be vigilant.
It is unfortunate to participate in bounty using KYC, because not everyone here has KYC. Moreover I personally. I do not have a KYC but if a bounty campaign should use KYC it will be very unfortunately I can not participate for the project.
More and more bounty campaigns want you to do a KYC and send them all your personal data (id card, driver's license, address, phone number...).
I have started a few bounties and after a few weeks participation they announce there will be a KYC. It's really disappointing when this happens and there is no recourse. What can you do? You have just helped promote a ICO and without warning they add this big or even insurmountable hurdle if you are from a blacklisted country. If you ask them they will say, "well we did stipulate we can change the rules whenever we want. By participating you tacitly agreed to are terms."
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