KYC to receive bounty rewards. - page 6.

BenjaminFranklingwould

full member

Activity: 335

Merit: 101

Quote from: ashao1015 on May 01, 2018, 07:14:33 PM

I don't like it as a most of us. But we need to see the whole picture before making some loud statements. We need regulation for ICOs. And most ICOs are securities. Yes, they trying to avoid this but most regulators think about it like securities. And we have to face it, deal with it. ICOs are risky, a lot of scam etc. With KYC we will have more fair distribution as well as more chances to have more institutional money inside. Which would be pretty good for the whole future crypto economy.

I totally agree with the point of regulation. We need some of it to prevent scams. But I would add that we don't need standard KYC. We need some sort of identification but it could be crypto-signature, or faceiD or fingerprints. Something that useful for identity customers of ICOs but not useful for darknet sellers.

minatour

member

Activity: 687

Merit: 11

The use of KYC to claim payment from bounty to me is not too complicated if the terms are not troublesome, I am sure if the identity we provide will not be used in crime, a big problem for me if a project requires us to use a passport to complete KYC and I do not have it because I only the poor

Pasaway2701

full member

Activity: 479

Merit: 105

Quote from: ashao1015 on May 01, 2018, 07:14:33 PM

I don't like it as a most of us. But we need to see the whole picture before making some loud statements. We need regulation for ICOs. And most ICOs are securities. Yes, they trying to avoid this but most regulators think about it like securities. And we have to face it, deal with it. ICOs are risky, a lot of scam etc. With KYC we will have more fair distribution as well as more chances to have more institutional money inside. Which would be pretty good for the whole future crypto economy.

KYC will reveal your real identity. I don't think that to be required in bounty participants to claim the rewards. It can be useful only to those who invest in the ICO for the security. It will be hard for the participants to claim if ever because not all has a valid ID to be use. Like the minors who able to join in the bounty.

mattsaronx

full member

Activity: 279

Merit: 114

Personally I don't agree if we have to do KYC to get bounty rewards. I am worried that our personal data will be stolen and then sold to irresponsible parties. I hope there is a better system than KYC which is not using National Identity, Driving License and Passport.

ashao1015

sr. member

Activity: 529

Merit: 251

The Future Of Work

I don't like it as a most of us. But we need to see the whole picture before making some loud statements. We need regulation for ICOs. And most ICOs are securities. Yes, they trying to avoid this but most regulators think about it like securities. And we have to face it, deal with it. ICOs are risky, a lot of scam etc. With KYC we will have more fair distribution as well as more chances to have more institutional money inside. Which would be pretty good for the whole future crypto economy.

parkraol

newbie

Activity: 658

Merit: 0

It's not really fair passing KYC to bounty campaign that they can know where you are from from your btc profile or in local discussion. I'm not really in favor of KYC, if it's possible for those investors. If they want to know where the bounty reward goes this is my suggestion I would take a pictures and show where I spend my money with my btc name.

missmaria

member

Activity: 137

Merit: 12

Semux

I don't see something suspicious in that fact; but I personally do my best to participate only in trusted bounties.

jeungo

full member

Activity: 700

Merit: 100

I think that sooner or later it will be so, because there are a very large number of people on the forum who have many accounts, and the informational part of the messages is often zero. Therefore, I can imagine the time when for participation in a very good bounty, it will be necessary to undergo a certain system of verification, or interviews.

dalesotpi

newbie

Activity: 126

Merit: 0

Quote from: DarkTaiga on May 01, 2018, 01:46:57 PM

I don't like KYC in bounty. But I have to admit that the good bounty always require KYC. It's sad. KYC makes the purpose of cryptocurrency become meaningless (no anonymous). We requires the security in Blockchain, cryptocurrencies, but we easily "give" KYC to ICO. ICO should find a way to avoid cheater, whale. KYC is not good way.
How do I know they do not use my information on something else?

I don’t agree that all ICOs that require KYC is automatically a good project or bounty. There is just no relationship to them. And doing KYC to bounty hunters defeats the purpose of being a decentralized platform.
Should ICOs require kyc to give out bounties, they should make it clear in the rules

Noobaru

jr. member

Activity: 504

Merit: 3

I see many airdrops today that require KYC, meaning your ID for 2$?? Seriously, like I am going to give away my personal info for 2$. I would be crazy if I would do that. As far as the bounties are concerned I always check their Telegram groups if someone has been asking about KYC before and if the answer is that this is required, then I just pass the project. There are a lot of projects out there, I don't have to join the KYC ones. But if this would be a good project that would pay a substantial reward at the end of the bounty campaign, then I would consider doing KYC. But the reward would have to be at least 5 figures. Since you can't really know what the reward will be, well... Cheesy

DarkTaiga

newbie

Activity: 154

Merit: 0

I don't like KYC in bounty. But I have to admit that the good bounty always require KYC. It's sad. KYC makes the purpose of cryptocurrency become meaningless (no anonymous). We requires the security in Blockchain, cryptocurrencies, but we easily "give" KYC to ICO. ICO should find a way to avoid cheater, whale. KYC is not good way.
How do I know they do not use my information on something else?

Manyak8888

newbie

Activity: 80

Merit: 0

I don't pass KYC, because I think they will can sell or steal my documents, if my reward more 100$, I will think about pass KYC and I need to study the command in detail

jooj

sr. member

Activity: 650

Merit: 350

NOBT - WNOBT your saving bank◕◡◕

I had participant with SYNCFAB they did not mention this condition from the beginning after the end of the campaign now they want us to provide them with personal data. They are definitely joking. I do not know them at all and have no intention of dealing with their platform. It is clear that it is a clear attempt to scam on the participants in the campaign. They joke very loud joke.

I wondering is any traders on any exchange have to provide KYC for trade their token or any other scarcity tokens, I'm sure that does not happen forever.

for those who likes to get risk by provide their identity for scammers, just for few bucks go ahead it's good for you guys.

Doych

newbie

Activity: 196

Merit: 0

I agree that KYC is necessary for companies! Firstly, from scammers and just do not make multi-accounts!

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: IrenNTA on May 01, 2018, 11:46:34 AM

More and more bounty campaigns request to pass KYC after the campaign is over. Some bounty managers warn about it in advance, but in most cases you learn about it when your work is done. So they just don't leave you any choice if you don't pass the KYC than you worked for free.

Thats true and I think it is unfair to us participants. KYC is done by a reputable institution is fine, but sending it to unknown person or company is another story. Yes we know that they are curbing the cheaters but to the expense of our sensitive data.

gazilla

member

Activity: 378

Merit: 11

In terms of bounty doing Know Your Customer or KYC is something i dislike, and I do not remember doing it ever, but I have seen them have it. My opinion is that if they inform you beforehand, then you know what you are getting into, but if they do it at the end, that's fucked up.

Rabeya

full member

Activity: 222

Merit: 100

I personally like kYC because there are a lot of scammers at present now in bounty. But KYC process should be flexible. Most of the people have National Identity Card (ID card) but majority people don't have Passport/driving license. So in KYC process, there should be alternative like NID/Driving License/ Passport.

reypinioco

member

Activity: 182

Merit: 19

Quote from: ArkiCrypto on May 01, 2018, 10:54:26 AM

1. They don't Invest in the project.
2. There's no need to ask for the credibility of the user for promoting their project.

Well you right bounty hunter sshouldnt be asked by these verifications because its like a payment for the efforts of those hunters who promoted the ICO from the start,without these resources there will be no exception these ICOs are going to have less investors from these ICOs because theres alot of people that doesnt want to risk.

kenelmark

sr. member

Activity: 1204

Merit: 250

this is ironic.
KYC is needed by Bounties handlers to prevent cheating (i.e. multiple accounts in a bounty program) etc. but it also has potency that private data to be used for cheating/fraud actions.
the main purposes of bounties programs are that participants work to promote projects. even in cheat ways, the projects are still promoted. but applying KYC is potentially a dangerous thing. KYC owners may be potentially criminal victims.

Stop KYC application !!

Patron74

member

Activity: 944

Merit: 14

I do not mind that the bounty hunters passed the KYC, as I am sure that I will receive my coins and receive them in full. And all those campaigns that spend KYC inspire confidence.

Topic: KYC to receive bounty rewards. - page 6. (Read 839 times)