Topic: KYC is simply just to cheat bounty hunters. - page 33. (Read 79998 times)
I recently ran into a very strange KYC on its own stupidity, although could avoid it. There in addition to the passport require a photo of receipts for payment of housing, electricity, gas and other things
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.
That is a huge problem. Do not think that's the truth. Managers take advantage of it to profit themselves. If the bounty hunters could not pass the KYC, they would inherit the token. This is a very unfair thing. We need to condemn this problem.but when bounty campaign didn't have KYC procedure many cheater can cheating the campaign, but if we see in 2 side, like you said this is not fair for bounty hunter when they're not passing kyc procedure
Well the KYC is a way of regulating the cryptocurrency system by way of users providing they information and which will allowed for verification that will be use later in the future should the need arise, but in bounty campaign most a time the ones that require kyc it always stated at the beginning of the bounty and not at the end of everything.
The fact is that there are so many cheaters when it comes to bounty hunting, when you see a bounty with KYC, you would notice that there are fewer bounty hunters, this is no coincidence, it just shows that the account farmers do not take advantage of the bounty and cheat others in the process.
Sometimes it might seem like it but the fact is that some ICOs are very regulated and cannot issue their tokens to unverified people, and sometimes bounty hunters tend to fall into this category.
I think the main idea of KYC is to create a base of people who participate in the crypto markets in order to control the market as much as possible.
Are you serious?
The main idea is to identify the fact that you are a real person. Especially on this forum, which is simply teeming with multi-accounts and bots. Look at any bounty before the introduction of Merita for beginners, the lists are simply infested with multi.
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.
That is a huge problem. Do not think that's the truth. Managers take advantage of it to profit themselves. If the bounty hunters could not pass the KYC, they would inherit the token. This is a very unfair thing. We need to condemn this problem.
Thought up the bad system of an indentifikation of the personality. Many hunters of bounties deceive projects and are swindlers.
Almost every bounty want us to do kyc, but untill now i never failed to do it. I don't want to do kyc just for a few tokens and sometimes bounty make me angry when project dont want to show their final spreadsheet, if they dont want to show us the final spreadsheet, i don't know how many coins i will get.
Can't you count yourself how many tokens did you get? You only count how many suplay tokens for the bounty you follow, just count how many tokens /stakes and at times the total stake you get, and you will see for yourself how many tokens you will get.I agree with the KYC process while it's not complicated to do the Kyc process, and not scam project, and with a note that the tokens we will get will really make us profit.
I don't think so if it is KYC for cheating. But based on my owned experience, in my one year experience, i encountered bounty which required this KYC, and after that bounty has end, months of waited and i got paid.
Well, kyc does not always mean cheating , it is very often administered kyc to in bounty to remove the majority of people , but those who is certainly earn your tokens
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.
we will continue to argue for this, and if you don't want to do it, you should ignore it.
and try every time you follow the ico campaign you read it more and ask for whether or not there is KYC. That is all.
kyc is very heavy indeed, but there is no problem for bounty hunters for you, with the project requirements that are always done by the bounty manager, 75% is legit. this is not a problem but if the kyc and the only garbage project is a very detrimental action
1. KYC is issue to know that the participants are not in the restricted country.
2. It is not to cheat the hunters, remember that the first people to do KYC is the investors, not the bounty participants.
3. If the ICO is success and they request KYC then it is good to do.
2. It is not to cheat the hunters, remember that the first people to do KYC is the investors, not the bounty participants.
3. If the ICO is success and they request KYC then it is good to do.
I feel you. I think it is better done like what you said. I also one failed to provide enough documents for KYC and I almost lost my pay. There countries that require KYC so we can’t blame them if they belong to this kind of regulation but not to the expense of bounty hunters losing their pay for their services. Indeed unfair. 
I do not think so, so I always choose projects that have KYC process, because KYC will help me more confident in that ICO project to participate in the bonus campaign. That is my personal thought and I have succeeded many ICOs
Well for me it isn't really a cheat maybe they just want to know if there is some people abusing their bounty campaign.
But the worst case for us bounty hunter is that they might use our information for something illegal so I am really not in favor in KYC on bounties.
But the worst case for us bounty hunter is that they might use our information for something illegal so I am really not in favor in KYC on bounties.
I think that KYC for investors are ok, but for bounty hunters, it is not necessary, as they are just promoting the project and getting the rewards in return of their work, so it seems that they have other motives.
This is not true.
there are some case to case basis in doing the KYC.
Knowing your customer is not to cheat the investors.
The ICO team wants to be sure the the participants is not from the restricted country.
This is the main reason, but lets not be comfortable for it as some ICO who required KYC are also a scam one.
there are some case to case basis in doing the KYC.
Knowing your customer is not to cheat the investors.
The ICO team wants to be sure the the participants is not from the restricted country.
This is the main reason, but lets not be comfortable for it as some ICO who required KYC are also a scam one.
KYC is some thing needed for cheat from bounty campaign participants using multi account, its the best way for keep bounty campaign participants are true and allow what have be the rule of bounty campaign bounty.
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