Topic: KYC for Airdrops: A bad precedence - page 6. (Read 198064 times)

I am sending KYC only for airdrops that I can trust. I sent KYC for Dfinity and I don't worry about it. When some project promise me 5-10$ for KYC I will not do it of course.

You are very much correct in this, by supporting KYC in almost every aspect of Cryptocurrencies, we are actually deviating from the aim and fundamentals of blockchain technology, it's time to wake up.

you are wrong, they give their personal data because of the agreement and the conditions they have agreed on themselves. I thought there was no problem with the reward they got. if you want to get a bigger reward, maybe you can do something else like a bounty, but with a different job. I have become normal now, it doesn't need to be discussed. it is only for data collection and reducing fraud problems.

air drops are waste of Time!
blockchain was introduced as Anonoumity but it Will Not Stay like this.

This is very true, most people want to kyc on airdrop  just to get a little money
they sell their self-esteem worth $ 5-10

dont ever participate on any airdrop even with KYC process if here we talk about stellar airdrop on blockchain just stop it, dont use your id only for 25 $, if the reason is to prevent scammer so dont do the airdrop.

I agree with your views about KYC. KYC was created for the ICO to know and give an idea and information about there investors. I think that is a good practice only for investors of the coin. Airdrops and bounty participants, on the other hand, are not investors but marketers of the project. The token they received are rewards from tasks they to help market the coin and not investing in it.

If there is airdrop that requires KYC then I will not do it, because I think KYC is very vulnerable to misuse. this is where the importance of us being careful, and not carelessly giving up our identity, unless it is indeed a clear and trustworthy project.

Then simply don't do the airdrop.. there's no reason to cry about it.. who gives away his or her personal details for pennies anyway?

This is really true, one of the fundamentals of blockchain is it's anonymity but that is slowly fading away because we are now required to do KYC in so many project whether as investors, traders or even bounty hunters, it's relaly bad.

KYC has become a common thing, but if it's for airdrops, it's too difficult, why? because the documents they provide are not worth the coins they receive

I agree.  KYC for Airdrops is an absolutely unnecessary procedure, because there are not such serious payments to provide your documents for them!

I also don’t understand why we need an KYC for airdrop and bounty. The KYC requirements refer to investors in order to control the origin of their funds invested in the crypto industry. The most funny thing is when a bounty hunter fills in an KYC questionnaire, where he is required to explain the origin of the invested funds!

the many of You Here is Against air-drops with Kyc.
but for anything has the Reason, Let's look this way..
the Kyc helping to make sure that there is actually real People who Got this tokens.
IF there is More tokens issued then actual People then those tokens Will be worthless.
Remember printing a LOT Fiat currency Will couse inflation it means the Paper what You print out Will be Worth less.
The matter of fact:
IF there is alot More coins or Paper Fiat money then People who actually Will use that then this coin/token or Even Fiat currency Will be valued less!

Why Euro is worthed More then usd?
becouse the euro Bankers Will keep check that the Don't print too much money then there is actual people.

Other example, IF there is More Gold then People then the Gold Will be worthless.

Bitcoin is highly valued with the Same Reason.
Gold and btc are both very rear.. and that Will create the high demand.
to Get Gold You need to mine that, so Same with the btc You need to mine that too.
btc Will become new Gold standard there is no doubt about it.

So what is the conclusion? 
IF Something existing More then the ammount of People who actually Will use that or Not. 
then this Thing value Will be much Lower!

the Only way is Kyc. 

The big Secret is that :
Anything to do with money and IF its Not tied with Person it Will lose value.

So USA Can print a lot usd Paper Fiat becouse USA has large population who Will be as collateral for this Paper money.

there is Only very Limited ammount of money what Can be issued per each Person.
So More People means More cash Flow.

The value received from airdrop is very small, not enough effort for us KYC, so I also think that should be abandoned this requirement in the airdrop campaign. That would be better for us, in my opinion, KYC for the Bounty campaign would be better. Because the number for the Bounty campaign is pretty much.

You should gauge the risk involve, most of the airdrop I joined does not require KYC.
Actually, I find it demanding if they will require KYC because I join airdrop to do some little task and receive tokens in return.
My personal information is very valuable, I would not share it with just a small amount of money.

that is queer. why on earth should one disclose his information when joining airdrops? and besides, what further value it can bring to the managers? i have a strong feleing this is something to do with scams

I can understand to pass the KYC for bounty company, but to give their documents to strangers and in most cases fraudsters, it is very risky and even more so for the sake of 5 dollars...

Absolutely if care  is not taken KYC will become part and parcel of the crypto world which is very worrying. Personal information given out is not supervised by anyone and no one knows the hands where these information fell. I think the KYC trend should be looked at and regulated to ensure some form of security.

I, too, against kyc for airdrop, I also think that undergo need not this bad priority that your documents can fall into other hands !