Bouty and KYC - page 5. | Bitcointalksearch.org

santino11

full member

Activity: 448

Merit: 103

Quote from: thanhhoian2016 on August 07, 2018, 01:07:25 AM

KYC has recently been asked to finish the bouty program. This makes it difficult to update people's information. For example, participants did not update information, or some people were afraid of giving out their information because it was confidential, or some KYC could not be updated because of some program error. .
With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.

A bounty manager should announce if the team wants KYC for the bounty participants.
But sometimes even the manager doesn't know that the participants needs to do KYC.
If you will not do KYC as they want then you will not have any prize to claim.

BTW, at the general rules of the bounty page, there is always a memo that the team and the manager have the rights to change any rules.

joshsmith15

newbie

Activity: 65

Merit: 0

No reason why bounty hunters should need to do KYC, I'd avoid any bounties asking for it to be honest, not worth the risk.

larks500

full member

Activity: 616

Merit: 114

Bountylord.com

Quote from: riska hanissa on September 07, 2018, 09:01:05 AM

strongly agree with what you conveyed, because the announcement about KYC is always at the end of the bounty so that the participants not only doubt but also many who do not know about it so that the tokens are not distributed equally to participants who have completed their tasks.

Yes it is true, to some extent this is a trick that is often used by ICO organizers. Usually, more than half of the budget bounty is saved by devs, because many people refused to pass the KYC.

riska hanissa

full member

Activity: 504

Merit: 104

strongly agree with what you conveyed, because the announcement about KYC is always at the end of the bounty so that the participants not only doubt but also many who do not know about it so that the tokens are not distributed equally to participants who have completed their tasks.

newwest

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Activity: 686

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Quote from: chokomenia on September 05, 2018, 04:56:17 PM

Yeah you are right, it is good for bounty managers to state if kyc is required or not before the bounty starts, most people don't like joining program that requires kyc because they are afraid of their personal data been stolen, I think it is very bad for bounty to require kyc when the bounty has finished and ended, it is not good.

I do not submit or participate in KYC related norms generally because I am not sure how will the KYC be misused it. When FB can do it then why can't this unknown guys can misuse your data . Only if I know for sure or some of my friends whom I know have recommended as they might be their friends who have started then only I participate for those bounty with KYC if they require.

otong

sr. member

Activity: 798

Merit: 251

Quote from: biznes35 on September 06, 2018, 01:03:40 AM

This is all due to unscrupulous managers. The need for KYC is clear to everyone, but that's just why not specify its cost at the very beginning...

KYC Actually it is also good in reducing actions such as cheating by participants to be able to make less fraud happen. but on the one hand this is not good because it is our data and can be misused

mickeybuddy27

full member

Activity: 429

Merit: 102

Quote from: thanhhoian2016 on August 07, 2018, 01:07:25 AM

KYC has recently been asked to finish the bouty program. This makes it difficult to update people's information. For example, participants did not update information, or some people were afraid of giving out their information because it was confidential, or some KYC could not be updated because of some program error. .
With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.

I agree with it. It takes time for you to decide whether you have to give personal information or just leave the bounty without receiving payment. It is been hard when it requires near the end of the campaigns because they give deadline when to submit but you do not have any valid identification card to verify and take long to process. I once joined that kind of bounty and worse thing for me not to comply with the requirement, I gained nothing from it.

zlt220

newbie

Activity: 189

Merit: 0

You've really raised a very good point, some KYC request for bank account statement and other government issued documents which is confidential to individual, announcing KYC at the end of the bounty program is wrong, all managers should notify every member about the KYC at the beginning of the campaign.

SmartIphone

legendary

Activity: 1204

Merit: 1000

Quote from: ?? on ??

I really agree with what you say. If indeed the bounty company provides for part of the KYC to be taken, then the Campaign Manager of Bounty must announce this at the beginning of the company or the Project was formed. Investors and Members of the Bounty Campaign must coordinate this matter with the leaders of the ICO company at that time, on behalf of the name he produced in the Project.

In the past KYC was set later or in the middle of the bounty because the ICO team wasn't aware about the legit stuff and started a bounty without being informed or filling some requirments that require the governments.
But now I see that many bounties require KYC from their participants in order to get paid, some others don't require but still is a risk if they will require at the end of the bounty which is the moment the participants get angry.

captaincomet

full member

Activity: 420

Merit: 100

Imo KYC goes agains crypto spirint, privacy and etc. But for an ICO I see not probs, unless there are some retarded things like prove-of-residence

thaokhuyen08

newbie

Activity: 29

Merit: 0

There are currently popular, bonus programs in some ICO projects already available KYC. It's not good, when the requirements are downright ridiculous. Perhaps, Bouty is no longer appealing to everyone.

GreenSeem

newbie

Activity: 46

Merit: 0

Quote from: thanhhoian2016 on August 07, 2018, 01:07:25 AM

KYC has recently been asked to finish the bouty program. This makes it difficult to update people's information. For example, participants did not update information, or some people were afraid of giving out their information because it was confidential, or some KYC could not be updated because of some program error. .
With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.

yes I totally agree with this idea, KYC rules are set from the start of the campaign

biznes35

sr. member

Activity: 714

Merit: 253

This is all due to unscrupulous managers. The need for KYC is clear to everyone, but that's just why not specify its cost at the very beginning...

chokomenia

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Merit: 10

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Yeah you are right, it is good for bounty managers to state if kyc is required or not before the bounty starts, most people don't like joining program that requires kyc because they are afraid of their personal data been stolen, I think it is very bad for bounty to require kyc when the bounty has finished and ended, it is not good.

Perfect35

member

Activity: 854

Merit: 10

When i was still very new to bounty and i had just started signature campaign. The was a project i participated in, it was after the ICO that it announced that bounty hunters should submit their details for KYC. Now, it was not as if i did not have the document to pass KYC, but because it did not announce prior to the start of the bounty, i decided not to participate in the KYC, because i did not trust their system with my details.

abas_ir

sr. member

Activity: 518

Merit: 252

Quote from: bellator66 on September 02, 2018, 07:53:18 PM

I think from now on, every project that requires KYC must announce it at the beginning, so that the bounty participants can be aware before they participate.
KYC problems sometimes become very disturbing when the bounty participants do not give prior notice from KYC before the distribution of prizes.

Yeah, actually I have opinion about this, since i have one bounty campaign which is ended successfuly but bad news come in. "For all bounty hunter, kindly pass your kyc documents". I do not get any reward since i dont have any to pass in, well im not too disappointed since im just social campaign participant but im quite pissed of, what if i do signature campaign. As we know that some bounty campaigns have this issue of late announcement of KYC program. Right?

none of us

copper member

Activity: 210

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at the beginning i thought kyc is alright, but after realizing how many ico scam there are, i'm no longer a fan of kyc. i read that scam ico people sell the data in darknet. that's why I'll probably avoid kyc.

bellator66

newbie

Activity: 196

Merit: 0

I think from now on, every project that requires KYC must announce it at the beginning, so that the bounty participants can be aware before they participate.
KYC problems sometimes become very disturbing when the bounty participants do not give prior notice from KYC before the distribution of prizes.

Bumidinasty

member

Activity: 373

Merit: 13

I have never participated in a bounty campaign that uses kyc because I still doubt identity theft, so I prefer to participate in a bounty campaign as usual on bitcointalk or on bounty platforms like bountyhive, bounty0x and others

kiw_91

newbie

Activity: 291

Merit: 0

KYC is a compliance requirement for most countries. It is a regulation put in place by Central Banks. This is to avoid Money Laundering and Terrorist Financing. KYC verification is a crucial part of many transactions. I would gladly oblige/ follow the requirement for KYC if needed. However, they will need to provide the clause that they will only use our data / document for verification purposes only. You may email them first before submitting any documents.

I work in Compliance for a Bank. Soo i handle with fake id's on a daily basis.

Topic: Bouty and KYC - page 5. (Read 2873 times)