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Topic: Change Of KYC Pattern - page 2. (Read 18862 times)

legendary
Activity: 3416
Merit: 1225
Enjoy 500% bonus + 70 FS
April 19, 2019, 09:28:15 PM
There have been so much issues arising from bounty hunters doing kyc. So many bounty hunters are against it. Also looking at what kyc means, it means know your customer and bounty hunters are not customers.

So my thought is this: if there must be kyc , it should be done before the start of the bounty. If you pass the kyc, you start the bounty but if you fail, you just leave it and look for som they are all e other promising bounty.

What do you think about this?

How I wished they are all like that, I was a victim of this in the past, bounty almost finish when they announced that they will now ask for KYC I did not comply because it only shows they not trustworthy, and I don't like this for a ICO the site turns out to be a scam, this is really complicated and hard for me  because it will compromise in what I believed in.
member
Activity: 714
Merit: 11
BountyMarketCap
April 19, 2019, 09:17:38 PM
to reduce spam and multiple accounts, I agree. but the process of cyc must be easier than usual, every upload of a document must be easier for each participant of each country.
full member
Activity: 924
Merit: 221
April 10, 2019, 10:06:38 PM
There have been so much issues arising from bounty hunters doing kyc. So many bounty hunters are against it. Also looking at what kyc means, it means know your customer and bounty hunters are not customers.

So my thought is this: if there must be kyc , it should be done before the start of the bounty. If you pass the kyc, you start the bounty but if you fail, you just leave it and look for some other promising bounty.

What do you think about this?
Yes bounty managers does not officially annouce in the case especially of there a need for thr certain project. the one who brought the project should annouce it before bointy campaign started. It is unfair on our part to do Kyc without annoucing it before the campaigne. starts.
full member
Activity: 602
Merit: 100
April 02, 2019, 04:53:18 AM
I'm not against KYC in general but I don't like to give my data to perfect strangers. I think there are many good solution in order to do KYC in a quite safe way: the simplest one is to use a third app that is trusted by community like CIVIC, in this way ICO team will not have access to your personal documents.
copper member
Activity: 617
Merit: 3
The wonders of the blockchain technology
April 02, 2019, 04:05:14 AM
Wow, You deserve some accolades for this initiative. Bounty hunters will not need to work not knowing they will not get their rewards if their is pre bounty KYC. it will also increase the reward for each bounty hunters. Nice idea, let it be forwarded to bounty managers.
full member
Activity: 1092
Merit: 117
April 02, 2019, 03:21:00 AM
KYC already become common in crypto industry. In centralized exchanger, sometimes need KYC if we want to withdraw in certain amount of bitcoin. Recently, DEX exchanger like cryptobrigde need KYC for US customer. I think KYC need because government regulation and i dont think developers team dare to sell customer documents
KYC that is done to register in exchange may be an obligation that must be done. but maybe the problem here is for the campaign participants. because many of the bounty hunters find it difficult to do the kyc that is not in accordance with the reward obtained. whether it's just an excuse or in fact.
That's right, KYC shouldn't be required for bounty hunters because they are not taking part in investment process. I think projects ask for KYC because they want to make sure they know each and everyone that's holding their coins to make sure there will be no problems in the future but that's not a good reason to ask for a KyC
full member
Activity: 1120
Merit: 101
April 02, 2019, 03:17:04 AM
KYC already become common in crypto industry. In centralized exchanger, sometimes need KYC if we want to withdraw in certain amount of bitcoin. Recently, DEX exchanger like cryptobrigde need KYC for US customer. I think KYC need because government regulation and i dont think developers team dare to sell customer documents
KYC that is done to register in exchange may be an obligation that must be done. but maybe the problem here is for the campaign participants. because many of the bounty hunters find it difficult to do the kyc that is not in accordance with the reward obtained. whether it's just an excuse or in fact.
full member
Activity: 532
Merit: 187
April 02, 2019, 03:13:01 AM
It seems like many KYC suddenly turns into be mandatory at the end of the campaign, without any former notices. Those KYC should never be done, and it's also my experience that those project will never come up with a product, but they are purely scams from the beginning. Just walk away if an ICO suddenly wants you to do a KYC.
People should only do KYC on trustworthy exchanges, that they want to use.
jr. member
Activity: 510
Merit: 2
April 02, 2019, 03:11:04 AM
Yes I agreed with you, if kyc is to be done it should be done before the beginning of the project so that the  participants will not work in vain. Moreover bounty hunters are not customer, this should be done by the investors only.
member
Activity: 812
Merit: 11
April 02, 2019, 03:00:16 AM
I have never done KYC. before the bounty token results can be cashed. if I do KYC I am worried that my data will be traded for criminals. because not all bounty token can be partially cashed. some of them becoming shitcoin. so why we do KYC if it has no value. and I follow bounty which in the campaign beginning commitment there was no KYC process at the end. and most of bounty manager will announce it.

KYC already become common in crypto industry. In centralized exchanger, sometimes need KYC if we want to withdraw in certain amount of bitcoin. Recently, DEX exchanger like cryptobrigde need KYC for US customer. I think KYC need because government regulation and i dont think developers team dare to sell customer documents
sr. member
Activity: 1316
Merit: 257
April 02, 2019, 02:56:12 AM
I have never done KYC. before the bounty token results can be cashed. if I do KYC I am worried that my data will be traded for criminals. because not all bounty token can be partially cashed. some of them becoming shitcoin. so why we do KYC if it has no value. and I follow bounty which in the campaign beginning commitment there was no KYC process at the end. and most of bounty manager will announce it. ICO needs this forum to Promote their projects we are not investors but Partner.
full member
Activity: 910
Merit: 100
April 02, 2019, 02:41:32 AM
Yes you are right it is good idea for any project demanding KYC information before allowing bounty hunters to work for them. But I do not think that any public forums where people from across the world can share their views need kyc details of the participants. It is okay to require phone number of a forum member just like telegram does. On the other hand, every project launching bounty programmes have different rules about KYC documents. Some requires very much detailed personal information, while other not. So I think for bounty programmes, projects should require KYC information from bounty hunters beforehand.

By the way, it is a good idea to use confirmation by phone number. Perhaps in the future, project creators and bounty managers will take care to create a simplified version of identity verification, without specifying the document number (passport, driver's license, etc.) and other official papers.
jr. member
Activity: 276
Merit: 1
April 02, 2019, 02:23:39 AM
Yes you are right it is good idea for any project demanding KYC information before allowing bounty hunters to work for them. But I do not think that any public forums where people from across the world can share their views need kyc details of the participants. It is okay to require phone number of a forum member just like telegram does. On the other hand, every project launching bounty programmes have different rules about KYC documents. Some requires very much detailed personal information, while other not. So I think for bounty programmes, projects should require KYC information from bounty hunters beforehand.
jr. member
Activity: 544
Merit: 1
April 02, 2019, 02:17:55 AM
There have been so much issues arising from bounty hunters doing kyc. So many bounty hunters are against it. Also looking at what kyc means, it means know your customer and bounty hunters are not customers.

So my thought is this: if there must be kyc , it should be done before the start of the bounty. If you pass the kyc, you start the bounty but if you fail, you just leave it and look for some other promising bounty.

What do you think about this?
that's your personal opinion which is some how good but not entirely because of some factors which you didn't take note of. If it's donethat way, then many eligible hunters will end up not being in the campaign
full member
Activity: 714
Merit: 114
April 02, 2019, 02:13:09 AM
totally agree with you. KYC it should come for investor. investor holding almost 50% or more total supply
and the bounty hunter just holding like 1% 2% from total supply. i dont think kyc really worth to do for that

Agree on the first sentence that you have said  . kyc must only be applicable to investors that will invest bigger volumes just like what we see on trading exchanges  .  kyc is meant to increase a user limits .   now on your second sentence i disagree when you say that a bounty hunter must also do kyc .  why they will do a kyc when they arent investing on anything related to the project ?   Whats the point of kyc on them  ?
member
Activity: 483
Merit: 10
terra-credit.com
April 02, 2019, 02:10:14 AM
totally agree with you. KYC it should come for investor. investor holding almost 50% or more total supply
and the bounty hunter just holding like 1% 2% from total supply. i dont think kyc really worth to do for that
all of that is a procedure implemented by the developer. If we don't follow it then we will not get our reward. the most important of kyc not vex bounty hunter, during the process and the documents provided are not abused by developers.
member
Activity: 532
Merit: 11
♦♦♦♦♦
April 02, 2019, 02:05:03 AM
totally agree with you. KYC it should come for investor. investor holding almost 50% or more total supply
and the bounty hunter just holding like 1% 2% from total supply. i dont think kyc really worth to do for that
full member
Activity: 574
Merit: 100
April 02, 2019, 01:56:23 AM
I think KYC provides very positive benefits because it can reduce fraud. Today fraud is always increasing and many people are losing money. I think KYC is needed on every project.
full member
Activity: 854
Merit: 101
Polkadog - Multi-Chain Defi Meme
April 02, 2019, 01:44:26 AM
KYC is indeed a very interesting conversation and this all goes back to the policies of each Team. I strongly agree with KYC, but the KYC pattern must be changed. And KYC was placed at the beginning of the campaign. So that each participant must do KYC before they start work.
it's a good choice rather than requiring Kyc suddenly at the end of the campaign. it makes participants uncomfortable, because there are new policies that might be detrimental to participants. there is no problem if the procedure for filling the kyc is still normal, but there are those who forbid some of the documents that make the process of filling the kyc very difficult and it can clearly make the bounty hunter work in vain.
member
Activity: 574
Merit: 11
HiveNet - Distributed Cloud Computing
April 02, 2019, 01:32:22 AM
KYC is indeed a very interesting conversation and this all goes back to the policies of each Team. I strongly agree with KYC, but the KYC pattern must be changed. And KYC was placed at the beginning of the campaign. So that each participant must do KYC before they start work.
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