To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
Of course now a lot of projects introduces kyc to deceive many people , but I think that some projects that are well collected during the ico and then you can go through their kyc to get tokens!
Topic: KYC is simply just to cheat bounty hunters. - page 17. (Read 79925 times)
To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
Of course now a lot of projects introduces kyc to deceive many people , but I think that some projects that are well collected during the ico and then you can go through their kyc to get tokens! 
KYC is the theft of documents from investors who trust developers. So now it seems to me that the best thing that can really happen is that the unambiguous use of documents only in the real world for identity verification, but not scanning.
There are regulations that must be adhered to in several countries to follow the bounty because there are countries that do not allow them to receive their tokens in that country. There are projects that do not receive permits for the benefits that the project has done.
KYC helps to weed out the unsavoury characters in bounty campaigns but what you say is partially true, some project admins would just bring out the KYC rule when the bounty is already over and all tokens has been calculated, knowing fully well that many might fail the KYC.
KYC is the theft of documents from investors who trust developers. So now it seems to me that the best thing that can really happen is that the unambiguous use of documents only in the real world for identity verification, but not scanning.
I agree with the author of the topic. KYC should be mandatory for everyone. Developers, bounty hunters, investors-all have to take the course, but do it before you start your work. So will all be in the same conditions. I want to say that for developers must be mandatory KYC in several stages. So that we can be sure of the honesty of our employers.
It only a cheat for those bounty campaigns who introduced the kyc in the middle or close to the end of the project, if not most projects these days already listed that on the conditions stated before joining the campaign, so to avoid being cheat read those instructions well before joining them and don't also join those planning to make a change any time soon.
To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
Then, why did you join bounty campaigns which requires KYC? For me, KYC is nothing if you have no illegal things to do in the bounty campaign. I don't think KYC is done to cheat on bounty hunters, it is just for security if the bounty Hunter has done multiple accounts in joining the campaign.
all bounty hunters do not like KYC. some projects suddenly started KYC before the coins were issued. this is very confusing. encryption is free. KYC will not be welcomed.
To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
Some dev of ICOs are using this method to decreasing the amount of reward they gonna pay to hunters.
The rules about KYC should be clear in the beginning of the campaign so the hunters who cannot submit KYC wouldn't participate.
But the problem is, they can change the rules later which is bad for hunters.
if they've love too, making hunters no choice if at first there's no KYC but sooner or later they will requires and change everything, only left for
the hunters is cry out and received nothing as they won't provide what the rules ask them to give.
To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
Some dev of ICOs are using this method to decreasing the amount of reward they gonna pay to hunters.
The rules about KYC should be clear in the beginning of the campaign so the hunters who cannot submit KYC wouldn't participate.
But the problem is, they can change the rules later which is bad for hunters.
To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
Some dev of ICOs are using this method to decreasing the amount of reward they gonna pay to hunters.
The rules about KYC should be clear in the beginning of the campaign so the hunters who cannot submit KYC wouldn't participate.
But the problem is, they can change the rules later which is bad for hunters.
Personally I dont like to do KYC for bounty. If any bounty manager ask for KYC,I just avoid those campaign. I dont belie any people with my national identity or my personal document. If any bounty manager asked for KYC document end of the bounty I just ignore the project.
We all want that, I know that even if investors don't want KYC. They do not want to give their information to anyone in the present time, when the information is easily stolen and used for illegal purposes.
So many things change about bounty these days, which is why you cannot be too sure if kyc will be required or not.
Those that do not ask for kyc are those that will clearly state that No KYC. So for such bounty, you can join with the assurance that there won't be kyc, but where it is not clearly started, I am always skeptical. They may not want to make it known at the initial, because they know that so many people will turn down their offer.
Those that do not ask for kyc are those that will clearly state that No KYC. So for such bounty, you can join with the assurance that there won't be kyc, but where it is not clearly started, I am always skeptical. They may not want to make it known at the initial, because they know that so many people will turn down their offer.
It is a regular process to protect honest participants from cheaters. By a one time bounties like subscribing to a youtube channel, you can make 10 accounts and collect 10x rewards just by subscribing to a youtube channel and KYC is made to prevent such things.
Well i would say kyc is to cheat hunters, this is because most bounties at the beginning would say no kyc but along the line or at the end of the project, kyc issues would arise, also there are times when you miss out the information date for kyc, and once you miss the date for kyc, you have missed your bounty tokens, so i think it is not in favour of bounty hunters.
Kyc should be stopped for bounty hunters.
Kyc should be stopped for bounty hunters.
Well KYC has the good part of catching bounty cheaters and this should be done with every ICO so no more cheaters would join the campaigns. KYC is not to cheat bounty hunters, so if you don't like it, don't join it.
KYC has nothing to do with cheating of hunter or anyone else. It is all about anti money laundering. You have to understand some basic reasons for doing things before you speak here. No one wants to steal your hard earn money. And if so it will not be through KYC.
I would put it differently, thanks to him, you can legally and legally deceive the bounty, and reduce payments, although without it there, which are brazen throw people, so there are many things you can say,but there are advantages, such as checking and removing Fakes,but in fact, not always, as they say when the head are vile people, they will be looking for a way to deceive hunters
Headhunters are not clients of the ICO team. The KYC check is introduced to prevent dirty money laundering and countering terrorism. Therefore, KYC checks should only be carried out by investors in ICO projects. In addition, such a test should not be carried out in relation to all investors. If an investor buys new tokens for a small amount, it is ridiculous to suspect him of laundering dirty money. The KYC check is now being conducted indiscriminately and in relation to everyone, including bounty hunters. The ICO team is simply abusing its rights. Not a single ICO team has yet proved the validity of demands from bounty hunters to be tested by KYC. Try asking the ICO team on what basis they require confidential data from bounty hunters. I very much doubt that they will give you a clear answer with reference to a specific regulatory act.
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