KYC is simply just to cheat bounty hunters. - page 22.

Loopper

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Quote from: cpoer2011 on January 09, 2019, 08:13:02 AM

That's not entirely right. I kindly agree for KYC to use for investors and also bounty hunters because there are many fakes account which is joined on the bounty campaign and it's not fair for the other.

If KYC is needed and it is not misused by the project team it is natural but you give KYC and the project is a scam. It was not expected by everyone.

lutcor

jr. member

Activity: 448

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Today there is no exact information that would really be created directly in order to understand why we really need KYC, that is, directly to investors. For developers, we all know why, but why do investors need it?

cpoer2011

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That's not entirely right. I kindly agree for KYC to use for investors and also bounty hunters because there are many fakes account which is joined on the bounty campaign and it's not fair for the other.

Maknae09

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Activity: 196

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Ternion | Hybrid Crypto Exchange with fiat gateway

Quote from: Dacosta Osei-Tutu on October 13, 2018, 07:52:04 AM

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.

KYC in a sense contribute to the reliability of bounty hunters, it is not just enough that people are just submitting without a good proof of individual accounts to register. KYC is sensitive but it is in the choice of bounty hunter if he will give it or not.

levyashin

sr. member

Activity: 980

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$CYBERCASH METAVERSE

If they announce it at the start no i don't agree with you.

But if they announce it at the end of the campaign it is definitely for bad intentions. And sometimes they are putting a timeline. Like 9 months campaign, when it is over you have 2 days to complete kyc or your tokens gone, wtf!

milani

sr. member

Activity: 1092

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Because it is an unpleasant thing, when you done your part of work, helped project to be popular or something else and you see even that you got your reward, and before the rewards distribution you see new rules where all the participants should pass the KYC, and because of some reasons you can not pass it, it is really a pity thing. And of course very often it is better to be very attentive before passing the KYC or participating somewhere. Too many scammers. But sometimes KYC procedure is good, because it save you from multiaccounts that tries to use your nick and get your reward.

labenea

jr. member

Activity: 327

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The Standard Protocol - Solving Inflation

I think it's simple, what makes you unsure about KYC is better avoided and what makes you sure about KYC is better to do it. so, generally KYC has become a procedure in the campaign. I don't really understand the security associated with KYC, but I know what I have to do or leave.

bitcoinst

hero member

Activity: 1708

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SmartFi - EARN, LEND & TRADE

Personally, I do not see the point of participating in airdrop, especially in those that require the passage of the KCS procedure. The reasons are simple, now there are no payments even from bounty, why risk your personal data almost for free.

KKH84

full member

Activity: 602

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I think KYC for bountyb hunter has a positive and negative side, the positive side can be to avoid multiple accounts from bounty participants and the negative, side we give our identity to someone who is not necessarily safe.

mirawantirinjana

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Quote from: yourcatsofat on October 13, 2018, 08:17:30 AM

The main problem of kyc in bounty is the team says about kyc after all work done. It is really cheating. I never go through a campaign which asks kyc.

right, I also don't think about why KYC was announced when the bounty hunters finished their assignments. I think it's unfair and not transparent.

micairvas

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Activity: 303

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Quote from: Dacosta Osei-Tutu on October 13, 2018, 07:52:04 AM

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.

This is done for many reasons. I think many managers do this to keep tokens on themselves. To earn more. I do not think that the team is interesting.

Teamfearless

copper member

Activity: 118

Merit: 0

i agree with you 100% but our mistake is that we dont ask the bounty managers rules and regulation about the project . But some time they will also tell you there will be no KYC but later they announced KYC .. but for me i get no problem doing KYC ..

chairmanMao

member

Activity: 456

Merit: 15

I think the only use of KYC is the airdrop mission. In addition, KYC has no meaning. If an ICO needs KYC seriously, it will definitely fail. KYC essentially violates the core principle of cryptocurrency.

Lacoste

member

Activity: 177

Merit: 11

Lacoste

I think bounty hunters should do KYC, which greatly limits cheater.
Someone cheat hundreds of blog/article, they use bitcointalk account (newbie), you will see how important KYC is.
Why are you afraid of KYC?

AgentZero23

member

Activity: 644

Merit: 10

One of the best way to weed out cheaters and alts a account is to implement KYC with selfie involved holding the document. This is now implemented by some projects to their bounty program and bounty hunters must comply or else you will not get your tokens. This is beneficial for all participants who didn't cheat and would certainly raise the amount of rewards.

sorrros

full member

Activity: 954

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ludenaprotocol.io

Know Your Customer process is for customers right? And bounty hunter is a customer? We are not buying anything? We are free lancers and not customers. So why we should do that?

Aponkye1

member

Activity: 336

Merit: 10

What makes you think so? Many bounty hunters try cheating in their bounty campaign activities for any project. So in order to distribute the rewards to honest members who have worked very hard during the campaign period.

sulis sudibyo

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Volare.network

Quote from: Mianae on January 05, 2019, 01:34:19 AM

Quote from: Aldrinx00 on January 01, 2019, 11:13:57 PM

I think it's not a problem for bounty hunters to do kyc if it is written on the rules upfront, it is not that hard to do kyc if you have documents etc. However the problem arises when they will announced that bounty hunters need to do kyc only after the bounty campaign ends, in a way it is cheating.

I feel, provided the rules is stated in the first place, it shouldn't be a big deal for participants to take part in it as they already agreed to the terms and conditions before joining the said campaign.

yes you're right, if kyc was told when the first bounty was released it wouldn't be a problem. the problem here is that the team always notifies KYC verification at the end of the campaign. and worse, they sometimes make it difficult for participants to verify KYC. such as only being allowed to use a passport is very unfair, because not all participants have a passport.

I really don't like projects like this.

danielchris

jr. member

Activity: 574

Merit: 1

I think lot of investors are not interested to tell their KYC. but my views it's not bad whenever it's work for security.

valek.bruno

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Activity: 728

Merit: 104

The KYC process is a real threat to data. Therefore, I think that we need to somehow prove this fact that integrated the SEC, although the need for KYC was probably invented not only by the SEC, I think that this is just a temporary measure today.

Topic: KYC is simply just to cheat bounty hunters. - page 22. (Read 79926 times)