Like it or not, the far west of crypto currencies will go to an end (not so fast...), and the first step is to identify the players.
Please note that this is not always an initiative of the ICO company, but of the government in which ICO is (and dont' forget that in some contries ICOs are forbidden).
So, we have to expect more and more control on the whole system.
This would be bad for scammers, but good for normal people.
Topic: KYC of bounty hunters - page 80. (Read 6981 times)
I'd actually question the legality of this. KYC laws exist for investors. They're a way to trace money laundering. Since there can't be any money laundering when you're given free tokens for advertising, KYC is not only not necessary, I'd say improperly stating it's needed when it's not may be a breach of certain laws. By all means.. if a project wants to collect that information they can ask for it.. but they should not state that it's required for KYC laws, as that is a misleading statement.
the KYC program is actually good but I think it is less effective because to take care of it requires a passport and another while not everyone has it so it will feel very difficult if using that system
I think not all project need kyc for their requirement but only some of them.
I had experience by joining bounty and i need to add kyc in their project and i did not face any problem because i just need to upload my identity card. For some people i think its not privacy since crypto born for anonymous so it will kill that goal.
I think most people who have multiple accounts running in the bounty when they are asked to pass KYC, they are unable to provide detailed information about their many accounts and so so angry. I have also seen people write that they don't pay when they get involved in generosity, but you must not forget that they pay you, and may the bounty of the company to be adopted in the near future, will have to report their expenditures and that they must provide, in your opinion? Sent 1000 tokens "asdrss43456"? but I urge you not to give your ID to all bounty company, in any case, you need to be attentive to the company before giving them your details
Avoid, new precedent trying to be set, the more people the give in, then you'll have to give you info out for every single airdropped/bounty out there.
It's very dangerous for you to trust these non-reputable individuals with your information and for the future of cryptos as a whole, yet no one is discussing this.
You can blame Polymath for this, they don't want to work harder filter to filter puppets, so instead they want your ID.
Edit: There is probably nothing we can do to stop this, because the vast majority of people trying to do airdrops are very likely to hand over their info without a second thought. This has major repercussions, some of the worst repercussions we will see ever in crypto.
The best thing you can do if you're reading this, is to not give in to these new information whores, who are more than likely to flip your IDs on the darkweb for a profit.
It's very dangerous for you to trust these non-reputable individuals with your information and for the future of cryptos as a whole, yet no one is discussing this.
You can blame Polymath for this, they don't want to work harder filter to filter puppets, so instead they want your ID.
Edit: There is probably nothing we can do to stop this, because the vast majority of people trying to do airdrops are very likely to hand over their info without a second thought. This has major repercussions, some of the worst repercussions we will see ever in crypto.
The best thing you can do if you're reading this, is to not give in to these new information whores, who are more than likely to flip your IDs on the darkweb for a profit.
I agree, it is not a good trend and I fear it will only become worse in the future. Pay attention by sending your ID documents to the ICOs!
A good idea with user verification, there will be more profit for honest users, though not all projects do it yet
the KYC program is actually good but I think it is less effective because to take care of it requires a passport and another while not everyone has it so it will feel very difficult if using that system
I think not all project need kyc for their requirement but only some of them.
I had experience by joining bounty and i need to add kyc in their project and i did not face any problem because i just need to upload my identity card. For some people i think its not privacy since crypto born for anonymous so it will kill that goal.
Without a doubt KYC is not necessary for bounty hunters. KYC stands for Know Your Customer. A bounty hunter isn't a customer. They do not invest and they are not buying anything.
KYC is to prevent terrorism and money laundering. Wouldn't it be better if terrorists decided they just wanted to sit around and tweet and write articles all day...instead of doing terrorist things?
KYC is to prevent terrorism and money laundering. Wouldn't it be better if terrorists decided they just wanted to sit around and tweet and write articles all day...instead of doing terrorist things?
I hear about that quite for the first time and don't like that news at all. Such a tendency is not good at all - because KYC is related for buyers, but not for the members of the team (as I consider people who participate in bounty programms) ; I only understand that if the sum which must be paid is really big.
I think start making KYC for bounty hunters is really good idea. Now there are a lot of multiacc. in bounty but if you will start to make KYC real people will earn more.
The very purpose of KYC is to know that source of funds from ICO investors are coming from the legitimate sources. Bounty hunters are not investors and should not be included in this new rule. Beside the risk of giving personal information to strangers, it will also give more hassle to bounty hunters to submit personal information to every bounty participation.
I do not want to share data with people I do not know . But there is no choice and the pluses are of course now fewer farms will. This will increase the profits of ordinary users
Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.
KYC is just fine for me since it is only required for those consumers who are investing coins of the current ico you are promoting. Participants are not required on kyc because they are just promoting the ico's but it was still a huge advantage for icos with kyc because it only means that they are legitimate and more consumers will invest to them.
I've never bothered with airdrops despite some friends telling me they are basically free coins. With developments like this, then I'd rather not. YOUR data is worth much more than any amount of alt coin (especially these are basically unknown coins) anyone can give you. I'd only KYC if it's absolutely necessary, like in the local exchange where I cash out my bitcoin to my bank account.
And I really don't see any reason why it should be required of people. Sure they are giving you coins but most likely they'll ask you do little tasks to promote them. It's not always "free" and if they are also asking for your IDs, then you are getting the short end of the stick.
And I really don't see any reason why it should be required of people. Sure they are giving you coins but most likely they'll ask you do little tasks to promote them. It's not always "free" and if they are also asking for your IDs, then you are getting the short end of the stick.
The purpose of KYC is to verify that the person is not involved in terroristic or other illicit activity. Once the recipient of the airdrop has been awarded the coins/tokens, he or she can use them freely. So it doesn't really matter whether the person paid for the coins or received them for free.
It has good and bad two sides.Some of going for spamming and use Duplicate account. Its main cause for KYC.
I've never bothered with airdrops despite some friends telling me they are basically free coins. With developments like this, then I'd rather not. YOUR data is worth much more than any amount of alt coin (especially these are basically unknown coins) anyone can give you. I'd only KYC if it's absolutely necessary, like in the local exchange where I cash out my bitcoin to my bank account.
And I really don't see any reason why it should be required of people. Sure they are giving you coins but most likely they'll ask you do little tasks to promote them. It's not always "free" and if they are also asking for your IDs, then you are getting the short end of the stick.
And I really don't see any reason why it should be required of people. Sure they are giving you coins but most likely they'll ask you do little tasks to promote them. It's not always "free" and if they are also asking for your IDs, then you are getting the short end of the stick.
KYC doesnt need to be implemented in bounty hunters because we are just doing our job that is to promote the ICO here in forum,or in socialmedia sites,ICOs are morelikely the ones that needed this verification for each participants but the down side of KYC would be your privacy might be compromised,your indenfications might be sold to anyone,and worst it can be use to identity thefts.
If they are going to request documents for KYC verification then it needs to be announced in the original post at the time it is first posted. It's questionable to announce at the end that its a requirement.
Good point. KYC is a serious requirement and should be announced for Bounty Hunters at the very beginning of ICO.
KYC I personally do not have a problem.
now we see, more where the positive or negative side if bounty hunter wear KYC?
if more negative side we avoid just bounty that require KYC for bounty distribution.
now we see, more where the positive or negative side if bounty hunter wear KYC?
if more negative side we avoid just bounty that require KYC for bounty distribution.
the KYC program is actually good but I think it is less effective because to take care of it requires a passport and another while not everyone has it so it will feel very difficult if using that system
I think not all project need kyc for their requirement but only some of them.
I had experience by joining bounty and i need to add kyc in their project and i did not face any problem because i just need to upload my identity card. For some people i think its not privacy since crypto born for anonymous so it will kill that goal.
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