Topic: KYC is simply just to cheat bounty hunters. - page 2. (Read 79987 times)
Often the KYC procedure is carried out in order to calculate of bounty hunter scammers. They do not provide anyone with your data (except scammers), so there is nothing wrong with this procedure.
Sometimes yes they wait and change rules and want KYC but as we know monstly they dont accept so many hunters just can't receive their tokens but we all understand it's very risky to join any bounty as devs or manager can change rules every moment and its legal.
I think kyc is the important for a ICO owner but for bounty hunter face some problem for kyc.So i think if need kyc bounty manager published first that for this bounty need kyc. So before join every bounty hunter can decided they can participate or not.But completed bounty and also after one month bounty manager published need kyc,In this it's cheating with bounty hunter.
I don't think KYC is used to cheat because if that was the case then there will be an ICO collaborating with KYC. Because the community will automatically stay away from and avoid ICOs that use KYC. But this is not the case, KYC is quite helpful for some ICOs to be able to launch their actions in achieving their goals of success. Because KYC can minimize the participants who want to cheat.
I think it's not necessary for bounty hunters to complete KYC before you can get your reward because hunters are not investor. They work for the token pay and if a bounty campaigns said you should do KYC they know most of the hunters will not pass the KYC and the reward will go back them.
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.
I believe this is a question of semantics, the purpose is the same, the fight against money laundry and terrorism! I totally agree with KYC terms.
I disagree with you on the fact that bounty hunters are cheated because they are asked to be known? It rather save the only few bounty participants that are fair to the system without cheating. Most bounty hunters use different accounts to cheat and will rather reduce the payments for a fair share of each hunter. KYC help eliminate all cheaters.
Of course, I also do not understand why bounty hunters should undergo the KYC procedure, because they do not invest anything. But, on the other hand, it may be a necessary measure to limit the use of multi-accounts.
As you know every exchange is demanding KYC and also requirement of ICO also in some bounties also required KYC that is requirement of FATF for financial institutions .
It seems that not all do as you say, because after all the KYC problem is still a lot of debate. because the issue of personal data is not just something that needs to be kept secret and does not spell on anyone without us knowing its authority, which can enable the one who gives trust. because fraudulent actions are real and there are, so it's natural that we need to be careful for that 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.
I personally do not object to KYC. But KYC is not in accordance with the nature of cryptocurrency"anonymous". Everyone can get a cryptocurrency without showing their identity. Indeed, in each project request KYC as a sign of recognition. Because investors are not project managers, or developers. So there is no need for KYC to buy tokens or coins. KYC is needed for project developers or managers (team). For investors, the TX etherscan is enough to prove they are buyers of tokens or coins. Whereas for bounty hunters it is very unnecessary about this.
The worst KYC procedure was done by Imusify.
They changed their mind and all bounty hunters were required to pass KYC. They extended the bounty campaign, it was okay, but extension for KYC was rejected. So we worked few months for nothing.
They changed their mind and all bounty hunters were required to pass KYC. They extended the bounty campaign, it was okay, but extension for KYC was rejected. So we worked few months for nothing.
From the very start ask your bounty manager if the rules are already firm and final.
But the sad thing is before you are going to ask them, you'll see one rule that allowed them to change any rule as they wish.
There is no constant in bounty rules. They can always reject, remove and change the rules as well as the hunters. We are not a regular worker and they are also have rights to do that. Therefore, even we ask them nor we tell them our opinions, we can't predict what their next thing to do. A lot of bounties I have worked for several months then end up of changing rules. So, I agree with you. But the sad thing is before you are going to ask them, you'll see one rule that allowed them to change any rule as they wish.
If we want ti avoid KYC, don't join campaigns.
That is right. If bounty need KYC , I hope the bounty manager will announce it in the beginning.
But, sometimes bounty manager ask KYC when the bounty has ended, this is unfair.
But, sometimes bounty manager ask KYC when the bounty has ended, this is unfair.
As you know every exchange is demanding KYC and also requirement of ICO also in some bounties also required KYC that is requirement of FATF for financial institutions .
The organizers of the projects can set the rules themselves, including the passage of KYC for bounty hunters. Perhaps this is required by the laws of the country where the project is registered. It is important that the rules are not changed during the campaign. To state the need for KYC in the end is unacceptable.
KYC likes or does not become a necessity now in the midst of the many ICO scams in 2018. Indeed KYC obligations should be set at the beginning of the bounty thread made and not at the end or towards the token distribution
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.
according to my understanding of KYC is an appropriate action to avoid fraud and lies in every ICO and bounty campaign...
then there is no fraud committed by ICO developers in setting KYC as a participant requirement...
but fraud occurs when they do not pay for our work.
No, it is not created for that purposes. KYC is a great process, to ensure that all bounty hunters have followed the rules and there is nothing to fear about if you are not a cheater. Otherwise, honest participants will get more coins.
Of course, I understand your indignation, but I would like to draw your attention to the fact that despite the fact that KYC was provided by Bounty Hunters or not, the quality of the company's Bounty does not change. Today, in most cases, Bounty Hunters generally do not receive adequate pay for their work.
No, it is not created for that purposes. KYC is a great process, to ensure that all bounty hunters have followed the rules and there is nothing to fear about if you are not a cheater. Otherwise, honest participants will get more coins.
sometimes at the beginning of the campaign the bounty manager said that it did not need KYC but after the bounty ended they said for Kyc, this was the team's strategy not to pay participants even many of them did not pass KYC, one of the KYC nearly 1 year but no certainty distribution is jinbi
I think KYC is something inevitable. You guys don't even know that , but KYC is something that is obligated for most of projects and exchanges to survive.
because KYC is currently the most important requirement for every project that receives large funds, in other words, this industry has developed with the regulations made to make security and convenience in investing
I think KYC needed to make the project team sure that no one cheat their bounty. Because if there will be a chance to make their token price drop after listed exchange
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