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Topic: 🔴 🔴 🔴 Attention: KYC for Bounties 🔴 🔴 🔴 - page 6. (Read 1114 times)

copper member
Activity: 882
Merit: 110
We are hunters and they are the customers. KYC is not needed. This could be a problem. They might hold the rewards and will require to take KYC procedure. This will be very unfair. Bounty hunters should be exempted with this KYC. Only if you really want to support the project then that's the time to take the KYC.
newbie
Activity: 66
Merit: 0
Okay, another cryptocurrency project against the ideology of cryprocurrency.
sr. member
Activity: 644
Merit: 250
full member
Activity: 602
Merit: 101
This is also the point that the various projects that KYC is requesting may not be right, so no one guarantees the participants in the KYC procedure that their data will not be sold to various commercial companies. It's quite a serious operation and procedures.
full member
Activity: 1316
Merit: 108
Now there is generally a bad tendency when the companies leading the ICO start demanding the obligatory joining of their telegrams to the group, registering there, and after the ICO they demand the signatures, their tokens earned during the campaign. This happens deliberately with various obstacles, the faces of these campaigns do not respond to requests, and as a result, earned tokens are not paid. This is a kind of fraud.
     Approximately the same situation is with the requirement for additional data, including identification data, when the ICO is already completed, under the cover of the need to screen out individuals with multiple accounts. Since this event is held at the end of the ICO, again, this is done in order to prevent the more participants from paying the tokens they earned.
full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
This is the reason why I don't invest in ICO's that requires KYC. Because i only have my passport as my valid id and giving them a very sensitive information is very scary. And yes, identity fraud is my biggest concerned.
No, don't limit yourself if ICOs asks for a KYC verification because it's the regulation in most of the countries to avoid money laundering. Look, All big and genuine ICOs require KYC because they don't want to risk themselves by raising millions of dollars.
For ICO KYC is okay but for bounty I don't like this system because here they are distributing for participants not for investors.
The real problem here is that as a participant of an ICO, what is our assurance that our Identity wouldn't get into something malicious because of their requirements. Many available process than KYC that does not require an ID and a selfie to know if you are a bot or not. And also by doing this process, they are breaking one of the properties of cryptocurrency which is anonymity in which many people love this kind of protection for themselves in transacting form each other.
member
Activity: 168
Merit: 10
Would this mean that we exclude ourselves with good projects that requires KYC? How do we ensure that valid data submitted to KYC is less likely to be used for identity theft? I just did join and have submitted myself for KYC in one good ICO. I just hope for the best that nothing that I fear will come my way. But anyhow, thanks for the post and the concern.
Why isn't it stolen? I have participated in a crowdfunding of ICO before, and need KYC verification.
But then I saw the team selling all the KYC materials that I got, which made me angry, but I couldn't do antthing.
member
Activity: 146
Merit: 10
how can I know whether it is scam or not? they maybe disguised quite well!  Angry
member
Activity: 168
Merit: 10
If KYC is needed, what is the anonymity?
I think this is shit. I won't participate in any of the KYC bounty sports. Some fraudulent ICO teams even sell our personal KYC materials, even for crimes. Sad
member
Activity: 448
Merit: 15
TREEBLOCK
The regulations put in place both on and by companies in the crypto space are now becoming very strict. It think this has alot to do with the fact that they are now real products behind the companies and not just a token. I have seen instances where people are using multiple accounts to get an unfair share of bouty campaigns so I guess thsi would put a stop to that also which is no bad thing.
sr. member
Activity: 2422
Merit: 267
Hire Bitcointalk Camp. Manager @ r7promotions.com
I think, anyway, all projects will come to this procedure. The KYC procedure will be an integral part of any of investment option in the near future: token sale or reward for bounty campaing. And it will be the requirement of local regulators of any country as regulation of the cryptomarket is in the future inevitable in all countries

Whether KYC is sure to make the main procedure for all projects, I see it is not that easy, because someone's identity is necessary to keep it secret, because who can guarantee there will be abuse with that person's identity let alone involve some countries.
sure sure many will also refuse to it.
waiting for a moment about this.
member
Activity: 154
Merit: 10
Sapien.Network-Beta Platform is Live
Would this mean that we exclude ourselves with good projects that requires KYC? How do we ensure that valid data submitted to KYC is less likely to be used for identity theft? I just did join and have submitted myself for KYC in one good ICO. I just hope for the best that nothing that I fear will come my way. But anyhow, thanks for the post and the concern.
full member
Activity: 1708
Merit: 105

happy to receive information like this, I also include those who do not like the KYC, because I have the principle that identity is a very secret thing, and not all must and can know the identity of someone else especially with goals that we will not know in the future.
let alone every country impose different things.
full member
Activity: 378
Merit: 100
Interesting post and definitely something to be extra cautious of, personally I'd never do KYC for a bounty, I understand some ICO's for government requirements but bounties, no thanks!
full member
Activity: 210
Merit: 100
I think most of the ICO's will just ask for something normal from the bounty hunters like a registration or something similar because is no point to have the risk to loose all the promo for a full verification. I'm agree with the fact that KYC is good for ICO's but for bounties will just kill their promotion.
legendary
Activity: 1316
Merit: 1004
FRX: Ferocious Alpha
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.
sr. member
Activity: 770
Merit: 278
Great informative information that will help most of the legit investors. I am thinking about that and its true that they may use our identity to make some frauds. Then if one person can't stop investing in an IcO he needs a full review or invest only in a sure cryptocurrency that he think is not a fraud company or scam. As much as possible i like what you said don't invest in kyc IcO.
full member
Activity: 361
Merit: 101
This is true. but its being implemented now little by little in the other ico project, where they require the investors who will partake the ico to fill up the kyc form together with the bounty hunters too if I am not mistaken.
sr. member
Activity: 1036
Merit: 275
I am also against this. Not all bounties ask for kyc thankfully and for me this not looks professional for them. Only for few, I can understand this motive. The ones which have long campaign period and good road map and if they are supported by professionals, I can give kyc but I don't trust rest of them.

At least, look at the positive thing of all this shit.

There are going to be less shit posters in here! What a good notice!

I am glad, ONLY because there are going to be less people trying to hunt as much bitcoin as they can from all those bounties.
jr. member
Activity: 176
Merit: 5
Thanks for the thread, it has a lot of usefull information. By the other hand, around a 90% of the new ICOs are asking for the KYC form as a requirement. Cheers
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