KYC SHOULD BE STOPPED FOR BOUNTY HUNTERS - page 15.

hellyah070

copper member

Activity: 196

Merit: 0

Quote from: Favouredhart on February 01, 2019, 07:02:32 AM

What is KYC? It means knowing your customer. In KYC some requirements are required such as: Full Name, Residence address, Citizenship, Birth date, Photo of government issued ID (Driver’s License, Passport, ID card),
Social Security number or Tax Identification, Bank Statement, Utility Bill, Photo of bank card .

I honestly think kyc should be stopped for bounty hunters, reason being that we are not buying the token of the project ,rather we are rendering services to create awareness for the project. Which ought to be paid for.

In another view, if a bounty hunter has to go through KYC ,then it should be at the start of the bounty, during registration, if accepted or passed, then you go on with the bounty.

I did a bounty which i passed, and earned some amount of the token, but i failed kyc and my effort was gone just like that, after rendering my services to them by promoting the project. I got really pained.

This is just an example of what is happening.

What do you all really think about kyc for bounty hunters?

If the bounty literally wants to succeed, they should lift the KYC procedures as it restricts more hunters to participate and lead the way of the project to success. I've know many projects that lifts their KYC during bounty period and guess what? They become successful.

1993jochico

member

Activity: 364

Merit: 46

Quote from: Favouredhart on February 01, 2019, 07:02:32 AM

What do you all really think about kyc for bounty hunters?

100% agreed, if a bounty wants to get the KYC of their bounty participants they must inform the participants before joining their campaign because most of the participants didnt want to join a bounty with KYC required.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: maculeth on March 02, 2019, 07:18:24 PM

Kyc aims to prevent multiple account cheating when following a bounty campaign. but on the other hand, sometimes the reward is only a little and is not compatible with the mandatory Kyc. quite difficult situation.

Positive for owner of a bounty because they will get real users and no abusing on their bounties, users will have a negative thing
because they have to do KYC, even though they want anonymity ?

Litzki1990

sr. member

Activity: 1386

Merit: 406

KYC must be stop for the bounty hunters there is no need to provide KYC by claiming their reward many of them their identity is using for fraud and the reward that you claimimg is only $10 or $20 i think there is no need of doing KYC.

reality18

member

Activity: 938

Merit: 14

Earn more with Earn Network

I'm a bounty hunter and I'm not against the idea of KYC because it is a good step towards the verification of the identity of the participants involved and to eliminate double entries and bot. KYC allows the project to know its coin holders which include bounty hunters. It is very important for bounty managers to state that KYC will required at the beginning of the bounty program in order not to cause chaos by waiting till the end of the bounty program.

altcointalk14

sr. member

Activity: 751

Merit: 253

Quote from: ?? on ??

Quote from: maculeth on March 02, 2019, 07:18:24 PM

Kyc aims to prevent multiple account cheating when following a bounty campaign. but on the other hand, sometimes the reward is only a little and is not compatible with the mandatory Kyc. quite difficult situation.

Yes, I agree with you. I recently participated in Quarkchain bounty and after 2 months of work, the reward that I got is only 280 QKC which is equivalent to $6 but we need to complete KYC to receive the reward. To me, it is not worthwhile to give away my personal details for just $6. Wasted, I can say.

I do not know if in your example you were informed that you will have to pass KYC verification before joining the bounty, but it often happens that the manager informs hunters about it after the end of the campaign. This, in my opinion, is also very unfair. Everyone should know about this before joining the bounty program.

maculeth

member

Activity: 714

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BountyMarketCap

Kyc aims to prevent multiple account cheating when following a bounty campaign. but on the other hand, sometimes the reward is only a little and is not compatible with the mandatory Kyc. quite difficult situation.

97percent

jr. member

Activity: 392

Merit: 1

☀️ Iskra Coin ☀️

I agree if this KYC is stopped, especially KYC for Bounty participants. I am personally very disadvantaged because I participated in a project using KYC. The coins they provide have no value to date and the developer is no longer active.

slackcryptoz

sr. member

Activity: 456

Merit: 250

Not every bounty program request for KYC. There are several projects that has got restrictions on several countries, being a participant from that respective country will surely affect the market and legal issues. For this they go with the KYC, so that those from the specific location can be eliminated from the campaign as well from investment.

naruto7676

jr. member

Activity: 318

Merit: 1

I regret that bounty hunter must stop need some Kyc because they are not investors and they are also promoters of the project so and all users of bitcointalk accounts is anonymous also.

valek.bruno

full member

Activity: 728

Merit: 104

All operations on verification of people in the network is clearly a violation of the rights of people, because people have the right to communicate and have the right not to tell who they are. This should be so, although I do not think that it is being observed.

fosco333

full member

Activity: 1260

Merit: 100

Well, cannot agree anymore with you. Bounty hunter no need to submit kYC because they are not investors who holds the tokens for long term.
But unfortunately the rules about bounty can change anytime, so just don't participate in the bounty if they can change the rules.
The most unfair one is when the bounty announce it doesn't need to submit KYC, but later it change to KYC is mandatory.

mcTether

jr. member

Activity: 238

Merit: 2

I have observed closely that bounty campaigns requesting KYC usually have very few participants. It is a great advantage to the few number of people who are ready to take the risk of giving their details.

tranquangvinh

full member

Activity: 546

Merit: 100

I think KYC should be stopped for bounty hunters because they don't buy tokens but if that's required, projects should do it from the beginning. That will be unfair when the project requires KYC verification while they can request KYC from the beginning

Cryptmuster

legendary

Activity: 1904

Merit: 1176

Glory To Ukraine! Glory to the heroes!

Yes, it is high time to do it, there is little point in this. Someone says that this is to fight bots, someone says that according to the law, you need to do a check, but I do not see this as necessary, and I don’t see help in the fight against bots either, so this is something that is not clear to me.

axel2078

full member

Activity: 532

Merit: 100

If it is a good project, I will not hesitate to implement KYC. I'm not too interested in KYC if my information is kept confidential

malekbaba

legendary

Activity: 1526

Merit: 1026

SellDefi.com | Earn by selling files

Quote from: centhiniz on February 16, 2019, 07:54:53 AM

everyone certainly has their own opinion about KYC, if I personally don't really agree with KYC for bounty hunters, but if there is a good project that requires KYC then I have no problem to provide data to fill KYC, but if only for projects less good and no prospects, I prefer to look for other projects

How do you know if a new project is good or bad? Scam projects offer most potent features, they are quite active in social media, they can promise anything cause they are fake. KYC can be dangerous if they sell personal info to 3rd party. KYC is against crypto concept imho. I always avoid project that seeks KYC.

Gridness

copper member

Activity: 358

Merit: 2

Quote from: Favouredhart on February 01, 2019, 07:02:32 AM

What is KYC? It means knowing your customer. In KYC some requirements are required such as: Full Name, Residence address, Citizenship, Birth date, Photo of government issued ID (Driver’s License, Passport, ID card),
Social Security number or Tax Identification, Bank Statement, Utility Bill, Photo of bank card .

I honestly think kyc should be stopped for bounty hunters, reason being that we are not buying the token of the project ,rather we are rendering services to create awareness for the project. Which ought to be paid for.

In another view, if a bounty hunter has to go through KYC ,then it should be at the start of the bounty, during registration, if accepted or passed, then you go on with the bounty.

I did a bounty which i passed, and earned some amount of the token, but i failed kyc and my effort was gone just like that, after rendering my services to them by promoting the project. I got really pained.

This is just an example of what is happening.

What do you all really think about kyc for bounty hunters?

Maybe Kyc using to reduce the cheater at their project, but basically I don't agree because we are not investors.

centhiniz

member

Activity: 292

Merit: 10

Harmony for One and All

everyone certainly has their own opinion about KYC, if I personally don't really agree with KYC for bounty hunters, but if there is a good project that requires KYC then I have no problem to provide data to fill KYC, but if only for projects less good and no prospects, I prefer to look for other projects

kiwoh123

member

Activity: 309

Merit: 10

I have no problem with KYC as long as it's worth the fee I get, then I'll do KYC.
but there may be many people who reject it for security reasons, I don't care about security I need money.

Topic: KYC SHOULD BE STOPPED FOR BOUNTY HUNTERS - page 15. (Read 56021 times)