KYC requirements on BitcoinTalk Bounty Campaigns Become Worst!

Vishnu.Reang

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Activity: 1974

Merit: 453

Quote from: betty11 on April 19, 2019, 12:40:59 PM

Most campaigns that require KYC for bounty hunters usually won't do well, maybe the KYC will be collected and be sold off in the dark web. Just look for bounty that doesn't need KYC. I have the believe that cheating by hunters can be fought using technology, through different authentication.

Ideally we should ignore those campaigns which ask for KYC. But there is one major issue with regards to this. Some of the bounties never mention about KYC in the beginning and when the campaign is about to end, they will say that KYC is mandatory if you want to receive your tokens. This has become more like a norm now, rather than an exception.

Cemploon

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You must be careful about projects that need KYC. Many projects like that but the project does not reach the Exchange market. And I see more ICO projects can succeed without using KYC. And I suggest that you be more careful in determining a good project.

South Park

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Quote from: Folajuwon56 on May 08, 2019, 12:53:02 PM

Its one of those reasons I don't like joining most campaigns with KYC. Its sometime irritating when you work so hard on a campaign and still facing difficulties I'm order to receive your reward.

It is a shame that a market that was created with the idea of giving some level of privacy back to the people is rapidly morphing and becoming more like the fiat system we already have, and in several aspects it is becoming even worse, because when you share your personal data with a business you know at least there are some laws that do not allow them to use your information as they want but that is not true in this market and I am sure there are several projects out there that do not care at all about the money they could get what they are after is your personal information so they can sell it on the dark web.

Folajuwon56

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Its one of those reasons I don't like joining most campaigns with KYC. Its sometime irritating when you work so hard on a campaign and still facing difficulties I'm order to receive your reward.

beerlover

legendary

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Quote from: qomariah95 on April 19, 2019, 08:52:47 PM

I have never questioned the real KYC. Because what I saw first was how the project was. If the project is good, of course I will always be ready to do KYC. And also the project in my opinion is not good and not potentially of course I can't do it because I just waste my time doing KYC for projects that are not good.

I also align with your method too, now that most of them are now requesting for KYC and there is little to which we can do to handle this since we cannot impose our own decision on them, we just have to be extremely picky about projects.

We should only engage ourselves in projects that have very high potential and can guarantee an increase in our investment even if we leave for a long term. Any projects such as airdrop and co, I don’t bother trying to check it out immediately I see KYC as requirements. The only projects I see that we may not have control over are the ones that doesn’t request for KYC during participation, but after participation.

Uju4real

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Quote from: Kunotcoin on April 19, 2019, 12:15:12 PM

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?

KYC is just an excuse not to pay bounty hunters and the requirements now is alarming, you will be asked to give your Skype details and even pay some eth in order to recieve token😔

necromastery

sr. member

Activity: 1414

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Quote from: tondenga2122 on April 21, 2019, 01:00:53 PM

Maybe they made a decision adding KYC on the bounty because we see so many alt accounts that handled by one people.
That's really made the bounty rewards become less. And that's why the bounty manager made a KYC method to solve this problem.

Yes, that's the way it is. Sounds like a good goal, but there is also a downside. The only problem is after we completing the KYC process, we are only paid with worthless tokens, so we give our identity for free. Because of this, KYC requirements for us become worst.

artdor

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Activity: 1078

Merit: 251

I met KYC in the project Atlant. After the bounty, they broke payments for many months and later introduced kis to pay the bounty reward. Later, besides KYC, they wanted to receive on 1 ETH as confirmation of the address. It seems to me that this is unthinkable. And outrageous.

r32godzilla

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Quote from: Kunotcoin on April 19, 2019, 12:15:12 PM

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?

Most of them are offering useless tokens without any value, so it doesn´t make any sense to send them your identity to receive nothing. Undecided

thesmallgod

full member

Activity: 1498

Merit: 129

As regard to kyc, I do not think there is any rule on BTT as regard to that. There are still plenty bounty that do not require kyc here on btt. Regarding to document. I do believe from experience that many of this bounty are looking for way to reduce number of token they will distribute to hunters at the end of the campaign. Some of them will initially keep muted during the bounty period but as soon as the campaign is over, they will start coming up flaming excuse. That is when you will discover they are not accepting your documents for kyc. It is save to do non kyc bounty than the one that require one.

HasHe

hero member

Activity: 952

Merit: 500

I do also agree KYC is pain in the ass. Why is the need of your personal information when joining a bounty campaign? How about when you joined a bounty and you're still under 18 with no KYC, so you're going to use your parents identity?

Che454010

sr. member

Activity: 854

Merit: 253

Bounty hunters are just creating awareness about the project, so why they have to go through KYC (know your customer). This is too much and Is there any guarantee that your personal information would be safe and it wouldn't be handed over to the third party or traded for money. As these days, data is money and it can also be sold.

senne

hero member

Activity: 1078

Merit: 507

If KYC is a pain for you then don't join the ICO or bounties which require the same. I understand the concern of people sharing their information to a completely new and sometimes anonymous/fake project. But there are tons of other bounties and ICO which doesn't have the requirement of kyc. You can probably join them. With all the regulations in various countries, it is important for the projects to hold KYC in order to run their project.

GregH37

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Quote from: Kunotcoin on April 19, 2019, 12:15:12 PM

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?

Probably you have not done your research well, we still have lots of bounties out there that doesn’t require KYC and I think at this point that most projects are finding it difficult to reach their target, this KYC need to be dropped, they are using it to discourage a lot of investors and users more, as we have many investors that are so skeptical about releasing their information.

Investors are not the scam here, I understand vividly that they have a part too to play in cleansing the system, but it is unfortunate that the ones that really needs cleansing are now the ones trying to clean us. What an irony, I am sure very soon, majority of the ones requesting for it will drop the request.

mdzahed134

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Quote from: VieleSind on April 19, 2019, 04:12:53 PM

Passport is the most popular document so I think it's very normal when there is any bounty require passport for KYC instead of national ID. As I know it's very easy to make a fake national ID but it's almost impossible to make a fake passport, although there are few guys can do it but it'll take really long time and a lot of money. Beside, almost good bounty always require KYC to avoid scammers.

Passport is the most popular document i agree with you but i think majority of the people not owned because it’s only used to visit in abroad. NID is most using documents in the every countries. Also i facing this problem to complete KYC NID instead of passport or driving licence. Electricity bill is also using document.

futile-resistance

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Quote from: betty11 on April 19, 2019, 12:40:59 PM

Most campaigns that require KYC for bounty hunters usually won't do well, maybe the KYC will be collected and be sold off in the dark web. Just look for bounty that doesn't need KYC. I have the believe that cheating by hunters can be fought using technology, through different authentication.

Not all campaigns, this issue of KYC just suddenly became a trend that virtually every project started requesting for including airdrops, we have both black and white sheep in the market and they both request this, hardly will you get any campaign now that does not request for.

Rather than giving ourselves headaches and drinking panadols on their problems. We just have to make sure we pick one or two projects to research on and only drop our KYC with any project that is certain to us that they will last long and stand the test of time, or better still, we abstain completely from campaigns.

tondenga2122

member

Activity: 490

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Maybe they made a decision adding KYC on the bounty because we see so many alt accounts that handled by one people.
That's really made the bounty rewards become less. And that's why the bounty manager made a KYC method to solve this problem.

tomboi

sr. member

Activity: 728

Merit: 250

If that happens, of course, it is very disappointing. But that has become Team's policy and we can't do anything. If the project has good potential, we must follow the steps they recommend.

smyslov

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Quote from: Kunotcoin on April 19, 2019, 12:15:12 PM

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?

They require passports because this is what's in demand in the black market, they want and buy these credentials that do a selfie with them holding their passports, it's better if you can ask them if you can watermark your selfie with the name of the project where you are doing KYC, if they don't want, then something is really wrong and you should be very careful.

Abal Abal

full member

Activity: 602

Merit: 100

very bad, the KYC that is applied to a bounty that does not give us a guarantee to get the appropriate payment, no matter how difficult it is as long as we can match what we get, the difficult one is not a problem at all.

Topic: KYC requirements on BitcoinTalk Bounty Campaigns Become Worst! (Read 653 times)