Topic: BOUNTY PARTICIPANTS DON'T NEED TO PASS KYC - page 5. (Read 505 times)

Yup this matter has to be taken seriously. Why we should send our personal information to people like this to whom we dont even know at all.

I mean there are more than 80% ICO or bounty programs which are scam one and how we can be sure that the bounties who asking us for the KYC is really legit one? What if they misuse our details and sell it to the international criminals.

Do you even understand how critical it is to give away our passport details whose fake copies can be made! Lolz. I aint risking my details at all otherwise goodbye to bounties.

agreed,they collect KYC from bounty hunter for what? some project ask KYC then they will sold your data. be careful guys

Hi Mr. BeeKeeoEr,

Well KYC is also used in some business not only here in cryptocurrency, "to make sure that you exist in reality" TOTALLY WRONG.

How can you say this is nonsense?? Your statement is the nonsense one, Read this spammers of altcoin discussion incase you don't get it:


KYC is made for the purpose of tracking the user transaction It is mandatory to investors and contributors only! Are you reading?
                       ^ we are not a user or a customer of a project, we are promoters. get it?


THAT'S WHY IT IS CALLED A BOUNTY!

THAT'S WHY IT IS CALLED A REWARD!

THAT'S WHY IT IS CALLED A BOUNTY REWARD! *facepalm*

Frist, I am not the investors in the ICO, they participate in the bounties only earn the few money or the token in it, they are the worker working in this company and earn your reward, I don't know why should need provide the valid ID for claim your reward? If they participate in the fraudulent project and collect their personal ID and sell on the black market, this is another illegal passport or ID, so I will stay away this one.

That's not a problem in their project, it's a problem here in this bitcointalk and we all know that multiple accounts are not allowed.
To the project, As long as they promote the project they have no problem in multiple accounts.

In some States, this requirement is mandatory, so what you are saying is nonsense. I think that if the company requires KYC means not to use your personal data, but to make sure that you exist in reality.

I think it's because people are multi accounting, not a legal requirement.

I participated in the Fiancia bounty campaign and they wanted 0.1 ETH from me to pass the KYC .

Indeed there is no way to get any of that in the legit hands but in the troubling hands only. KYC is for the investors who put their real money on the projects and make a transaction. KYC is made for the purpose of tracking the user transaction, banking ways and much more so that it can help government know where exactly the money is going. Thats why its okay to ask for KYC to the investors but it doesn't make any sense when they ask about it to the participants as they dont have any real money transaction with them.

If you live in a country where cryptocurrency is banned, then if the authorities own such information, they simply can come to your home on a visit.

Since you're new here, you can't understand that. Well, it's not difficult to do KYC, i know that    you're taking it literally LMAO. The hard part is, it's very risky to share your information even in facebook. You can have a daily threat, it can destroy your life.

Send your information to a person who do money laundering.   for you to understand.
Read more informations here: link1 , link2

I do not consider this a problem. It is not difficult for me to go through a bite to get my generosity. What is the problem? I do not understand)

Well, now the trend is starting in the company to implement,to complete KYC and it is not only Bautista but also investors,all goes to the fact that they want to control everything,one has much money,so everything in sight was below the government again was only their

Yes, I also hate the bounty thread that requires KYC validation.
I wouldn't be involved if these bounty threads were to declare that they needed KYC validation at the beginning.

WHAT IS KYC?  

Know your customer (alternatively know your client or 'KYC') is the process of a business identifying and verifying the identity of its clients. The term is also used to refer to the bank and anti-money laundering regulations which governs these activities.

From the word itself, "Know your customers", contributors or investors should do that thing, not us.
We, the bounty hunters participated and having a discussion here in the forum anonymously. Some of here didn't put their personal information because it has many disadvantages sharing it online like theft of personal information, spamming, and threats.

This forum allows you to hide all your information or you can disallow it to your profile.

THE MAIN PROBLEM!

Some of the projects requires to do KYC to receive the token. So we must put our personal information there and requires to upload a valid ID or papers that your information is legit. The project needs your information to be credible of earning their token.

We are on disadvantage in this case, why?
This information we share can be use in fraud, "a person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities."

Since we're just a bounty participants, this people might look us a workers only. For short, they can use our informations to their own desires.
The worst part is, it can be use or sell it to the black market for criminal activities  Got a successful ICO + selling informations of the promoters = WP
If you want to know more about selling informations in black market, Please click here: link


Not all participants are on the same country. Some of them are from SEA, EU, and US etc,. There are long distances,
for example;

The project is made on US, some of the participants are from South East Asia. If they tried to sell our documents in the black market of the US. We can't have an action on that easily. Sometimes the worst part is, we can't have an action to solve that case. Some people are just a normal persons doing bounties and some have high education acquired, this people are in danger using their info to abuse some people.