Topic: KYC is simply just to cheat bounty hunters. - page 38. (Read 79987 times)
You are so right. I do not like such teams, that are announcing anything and than do not following their promises. If they are doing such things in a bounty campaign, they are going to do that with investors and with the project itself.
In some cases it makes it easy for the projects to catch scammers and cheaters while some projects use it to cheat hunters, Especially when it is introduced at the end of the bounty program.
KYC is not there to cheat bounty hunters and definitely not the worth think that could happen to you. The worst thing is when a project cuts the budget from 500k USD to 20k USD and announcing another Bounty round.
basicly that's what you say about KYC is just for costumer im agree, but when you joining in project bounty and the bounty is finish but giving announcement in the last campaign even every members must to complete KYC to get the payment, i think its normal, cuase rules is rules you must to agree every rules what his create.
-snip- As I know KYC required for bounty hunters because they wanna find out alt account and cheater whom are cheating bounty campaigns with alt accounts. I don't think KYC required to cheat bounty hunters cause there are so many bounty hunters still fine and they could easily pass KYC.
Do you really think that it can solve the problem of alt accounts? That's what actually made me LOL! Go google "buy documents for KYC", there're so many fake documents shops and just people who'll make them for you in Photoshop with any data (name, age, etc) you need. And it will cost you about $5! So if someone is really into using alts for cheatting in bounties, KYC won't stop him, unfortunately.
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 is even need a measure. I think it's a plus as a bounty participant. After all, then will not lead the same person in the bounty a few accounts. Thus entering KYC in the bounty participation becomes more valuable.
LOL. Just because you couldn't pass KYC and didn't receive your reward so you think KYC required for bounty hunter because they don't wanna pay token for bounty hunters? LOL. As I know KYC required for bounty hunters because they wanna find out alt account and cheater whom are cheating bounty campaigns with alt accounts. I don't think KYC required to cheat bounty hunters cause there are so many bounty hunters still fine and they could easily pass KYC.
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.
right. There have been several such projects. There is even a project that tricked the bounty hunters into sending KYC to them and then they escaped. They sell our information to make more money. That really is a bad thing in this market. we really need protection. 
I think that KYC is not a problem only if it's stated in bounty rules by bounty manager since THE BEGINNING of the campaign. Otherwise I totally agree with your opinion.
IF the investors who pay money on the ICO do KYC then why hunters dont?
The ICO team wants to secure their place that there will be no citizen in restricted country to participate on their initial coin offering.
This will make them feel safe for their future. lets respect their decision.
The ICO team wants to secure their place that there will be no citizen in restricted country to participate on their initial coin offering.
This will make them feel safe for their future. lets respect their decision.
But there's a difference: bounty hunters don't buy tokens, the cannot be called customers, they just do not send devs any money, the only thing they give to a project is their work; and there's no law about restrictions to work with citizens of other countries. KYC stands for Know Your Customer, not Know Your Worker.
That would be a blilliant idea - to test the team before working with them! Well, if I'm not mistaken, there's a KYC procedure for ICO teams by ICObench, but I don't actually trust this platform, and I'm almost 99% sure that the main thing that they care about is money, not real safety inside the community.
I also think that this is wrong since we are not given any guarantees that these documents will not go anywhere further
I undestand it next way: if you are going to just sell tokens right and are not going to use the solution, you may not pass KYC. In other cases, you will be the customer.
KYC helps to eleminate people who use several accounts and public accounts, so it helps the teams to save some tokens. I like it, because competition must be fair.
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 agree with your humble opinion,to me KYC is not supposed to a big issue in our decentralized cryptocurrency community,again to treat bounty hunters using KYC, as if they never merited their hard work is quite unfair. Bounty mangers need to readdress this pending issue of KYC
Know your customer verification for bounty hunters are required mainly because a lot of bounty hunters are chrating and they use multiaccounts. So they require this to protect themselves.
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 is too much. Teams are not sure about the value of their tokens, but they want me to provide them with my precious personal data. No hecking way.
Do not understand the need for KYC, especially hunters. They are ordinary workers and their work can be judged by the links to their posts, a video or article and on the basis of their quality to pay awards, why KYC in such a scheme? Don't understand what new projects will only reduce the interest bounty hunters to their campaigns.
KYC for Bounty hunters is one of the ways to decrease the amount of multiaccounts, but it is not really effective. As for me, I think only investors who invest real money should go through KYC process, it is unnecessary to obligate Bounty hunters to pass it.
That's right, KYC systems are not really needed by bounties because you can check in more detail from the results of the work they have done to create other multi accounts.
KYC for Bounty hunters is one of the ways to decrease the amount of multiaccounts, but it is not really effective. As for me, I think only investors who invest real money should go through KYC process, it is unnecessary to obligate Bounty hunters to pass it.
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.
not all project that required the kyc is to cheat bounty hunters, some is a legit oneI agree, i am not against KYC but it must be cleared before hand.
I understand the sentiment of people who are complaining about projects implementing KYC at the end of the campaign, since many of us here does not want their identity to be exposed online. The argument is that if they new that KYC is needed they would look for another campaign that does not require one but, they believe they were being cheated since they are unable to fulfill the requirement of passing KYC and not be able to get the reward they should receive if the project does not change rule.
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