KYC is simply just to cheat bounty hunters. - page 47.

cluit

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Quote from: Risoruni on October 24, 2018, 05:47:46 AM

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.

That's a problem especially if you participated for 3-4 months. In this case you have two ways: pass the KYC or just leave campaign without any tokens.
Managers and the company insure themselves by pointing out that the rules may change any time. So if at the beginning there was no KYC it may appear at the end.

Honestly, in most cases it can be absurd and I think sometimes the team just basically uses it to cheat the bounty hunters just as OP mentioned. How can someone participate in your project for months as a bounty hunter and then all of a sudden you just change the rules after the ICO about some KYC you never mentioned before? It is really uncalled for.

For instance, I as well as some other people participated in a GoldMa bounty campaign and immediately the ICO ended, there we get to see the rules for a compulsory KYC, I really see that as high level of dishonesty on the part of the team and a way to just use and dump most of the bounty hunters who may not want to go through KYC.

Golftech

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Quote from: electronicash on October 25, 2018, 02:58:28 AM

Quote from: passwordnow on October 13, 2018, 08:09:08 AM

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.

i've joined a campaign that changes its rule after few weeks. they even extend the campaign for more than a month. i do think kyc is fine so long as the participants agree about it. its about not paying them that can be the hardest. you would just pass the ID, there is no problem with it. we're just hoping the team is responsible enough to protect our information as part of their customer.

A good point there is the team will secure your data and they will provide the right stake for your hard work, KYC can be applied as most of managers
are informing participants that they can change any rules any time, it's also a task for bounty hunters to comply with rules if its really requiring the KYC
and if they wanted to get their rewards.

electronicash

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Quote from: passwordnow on October 13, 2018, 08:09:08 AM

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.

i've joined a campaign that changes its rule after few weeks. they even extend the campaign for more than a month. i do think kyc is fine so long as the participants agree about it. its about not paying them that can be the hardest. you would just pass the ID, there is no problem with it. we're just hoping the team is responsible enough to protect our information as part of their customer.

Fluxtorrence9

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KYC things like 'hunters became the hunted' ,apart from my complain that KYC is not safe bounty managers are now cheating bounty participants ,if KYC is a must for a bounty why not say at the beginning of every campaign ? After weeks of hardworking they will change the rules and ask for KYC .its so unfair I hope something will be done about this

FIREBALL24

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Xircus

Yes definitely true kyc is a process in getting to know the costumers if they had a mutiple accounts,as we know many of our here pretending,they had many many accounts and joined in one campaign,so i am not against in the process of kyc.

laredo7mm

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Quote from: BlockchainGod on October 25, 2018, 02:14:06 AM

I think you just got unlucky. Usually bounty managers warn from the very beginning of the company about the need to pass KYC.

When it started, the bounty was supposed to provide information that in the payment process there would be a kyc that had to be passed by the participants

AlphaGoo

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I think KYC doesn't make sense. If it should be KYC, it should be the ICO project team, so there will be no fraud projects.

BlockchainGod

full member

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I think you just got unlucky. Usually bounty managers warn from the very beginning of the company about the need to pass KYC.

Fritz93

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I have already written more than once that I personally do not see problems in the passage of identity verification. The most important thing is to have guarantees that my data will not reach the scammers.

Teh Kotak

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Quote from: tramadols on October 24, 2018, 10:19:03 AM

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.

I do not agree with you, maybe KYC can prevent farmers from multiplying multiple accounts in one ico. and this happens a lot, even I see that there are many who use signatures but don't do their jobs as they should and only do social media reports. I think we need self-reflection

I agree with you, the purpose of KYC in the bounty aims to reduce the bounty hunters who use multiple accounts to get many prizes in one bounty.

ziac

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”Decentralized Digital Billboards”

They should atleast change the term to "Know your worker" or something like that, I agree we're not customer, but the reason for this was again in US of A they're prohibited in dealing with crypto even doing bounty that's I think the reason behind this and to eliminate people who cheat, but hey cheaters are very clever now Grin

they could fake everything nowadays.

BQ

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CoinMetro - the future of exchanges

if the bounty managers are asked and claim KYC isn't required, but then afterwards demands it; that's indeed cheating bounty hunters.
but it's also important that people really know what bounty they get into, I started a bounty once that didn't mention anything about KYC but after double-checking in telegram it was indeed required.
so, sneaky Angry

pinoyden

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Quote from: bitcoinvestor on October 24, 2018, 06:36:38 PM

I think I do fee the same. Some ICOs need KYC as if they are legit and certified by governtment. It is very bad and dangerous to submit our ID. I think developers still can benefit from non KYC ICOs because most crypto users not like KYC. That is why crypto users prefer coins than bank card, because they don;t like their identity stolen or keep their privacy.

thats right bro and aside from safety we dont also want a hassel by performing any other actions like submiting id's and any other personal info's just to use a certain service plus most of us do not also have a valid id's such as passport and driver's license because we dont drive or travel abroad , that is the reason that most of us cannot pass the kyc process .

Quote

. Some ICOs need KYC as if they are legit and certified by governtment

that is also what im thinking about , they use the name of kyc in order to gain credibility but the sad part is that not all ico's with kyc's are legit .

blokceyin

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Sound/Foley FX Design Service For Your ICO Videos

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.

Definitely. For example, Ubex is one of them. On the other hand, they should be trustworthy for me to send them my personal info.

carlfebz2

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Quote from: TimeTeller on October 24, 2018, 06:41:05 PM

Quote from: coinbirds on October 24, 2018, 06:31:27 PM

The bounty rules should be clear and transparent before the bounty starts and everybody can decide if they want to participate under KYC conditions or not.
This is how it should be, but unfortunately in practice they are changing the rules as they like.
Not fair, but it is part of the game

There are bounty programs that require KYC and yes, that should be very clear at the start of the campaign.
So everyone knows what to expect afterwards. And should be done at the beginning or during the campaign period.
So if he will not pass the KYC procedure, he has still time to withdraw his application and not at the end that he has nothing to do anymore.
And also, be very careful to whom you submit your docs. You'll never know where it end up to. Do your research and check if they are really legit.

Research is a must but you wont really still able to avoid on such situation where you are in between on such hard decision. You have seen that the project doesnt require KYC at first but in the end of the campaign
they already changed their rules and as being said we wont really have any choice but to comply on whats being needed.Its either you would accept such changes to accept your token earnings or simply move on and leave it out for the sake of safety of your identity.

judeafante

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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.

I totally agree with your opinion it's not right they should be considerate bounty hunters spent time and effort just to promote their project and they contributed to their success, it's not right that they do not get paid just because they do not pass the KYC I agree that KYC should be on the start and not after.

TimeTeller

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Quote from: coinbirds on October 24, 2018, 06:31:27 PM

The bounty rules should be clear and transparent before the bounty starts and everybody can decide if they want to participate under KYC conditions or not.
This is how it should be, but unfortunately in practice they are changing the rules as they like.
Not fair, but it is part of the game

There are bounty programs that require KYC and yes, that should be very clear at the start of the campaign.
So everyone knows what to expect afterwards. And should be done at the beginning or during the campaign period.
So if he will not pass the KYC procedure, he has still time to withdraw his application and not at the end that he has nothing to do anymore.
And also, be very careful to whom you submit your docs. You'll never know where it end up to. Do your research and check if they are really legit.

bitcoinvestor

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Activity: 812

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I think I do fee the same. Some ICOs need KYC as if they are legit and certified by governtment. It is very bad and dangerous to submit our ID. I think developers still can benefit from non KYC ICOs because most crypto users not like KYC. That is why crypto users prefer coins than bank card, because they don;t like their identity stolen or keep their privacy.

coinbirds

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Activity: 588

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The bounty rules should be clear and transparent before the bounty starts and everybody can decide if they want to participate under KYC conditions or not.
This is how it should be, but unfortunately in practice they are changing the rules as they like.
Not fair, but it is part of the game

baeva2

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Quote from: conanmori on October 24, 2018, 05:28:01 PM

First of all KYC is for safety measure for Investor but sadly yes sometimes it can be use to cheat bounty hunters by suddenly putting a KYC requirement after the Bounty finish making most of hunters to not get the stakes they earn.

I completely agree with you. Still I resent the fact that with the passage of KYC require to make investments and to buy tokens or KYC will be invalid.

Topic: KYC is simply just to cheat bounty hunters. - page 47. (Read 79959 times)