Topic: The NO KYC For Bounty Hunters Promise Thread (Read 755 times)

good thread to track.. I didnt have a clue of what is KYC till the term came up .. too late, waste of a bounty effort!!

Here is some important resources I was given by a bounty manager regarding KYC and how it applies to bounty hunters (especially US bounty hunters).

The relevant laws are for securities and the specific principle at play is called "The Howey Test".

It's been in a few news articles. Here are a few references:

https://hackernoon.com/rest-in-peace-ico-bounty-programs-fc1e1e04e867

https://medium.com/@coincrowdit/sec-targeting-icos-that-offer-bounty-programs-d444a894a59f

https://www.coinbase.com/legal/securities-law-framework.pdf

I won't mention by name who sent this to me, since they are a bounty manager and not a lawyer, but if you happen to see this sir, Thank you!

I wish your list was much bigger? Is that how few bounties will promise no KYC?

And one of my favorite bounties Chimaera bites the dust...at least they will be paying out bounties up til the point they cut off US citizens.

I understand the need for compliance, but the potential for massive identity theft from a scam ICO is very real. The law must safeguard the rights of all, not just companies. This is a legal gray area, because I imagine some sort of liability from potential misuse of identity. Also, projects should be verifying themselves with us, not the other way around -- the whole point of blockchain technology is defeated with this.

There are serious issues that must be debated.

I just see a massive lawsuit coming as soon as identities are stolen en masse. I'm not fear-mongering -- I'm warning of a very real problem.

KYC is bullshit and the same tactic casinoes used to not pay people. Only when you investing a lot of money should you need KYC. So say over $10000.
will need KYC. KYC is banks. How legit are these ICO's?? The people running the ICO should show us their KYC not the other way around.

My local bank asks for KYC let us compare them to an ICO.

I will give my info to a bank because.

1. They are legally registered and can get into big trouble for leaking personal info.
2. They have been around for years and have a physical location as well as many people working there so if there is an issue it can be sorted out.
3. They respect you as a customer and are there for you at any time during work hours.

Why I won't give my KYC to ICO.

1. I don't trust some random person online claiming they legit when they have no physical location and are a faceless organisation.
2. No legal repercussion for sharing your info.
3. How safe is my info and where is it stored?
4. Who are you? Who are the people behind the ICO and what can I do if I am scammed?
5. I cannot meet face to face with ICO projects like I can with the bank.

If I cannot physically meet someone why in the hell should I give them my info? They can disappear and I can do nothing. How long till my info is in the hands of a scammer who uses my info to commit crimes?? I have no protection against this and can do little to stop this.

ICO is perfect for a criminal. If I were a criminal I would ask KYC and run an ICO and sell the KYC info and noone can stop me. Do you see where I am going with this? These people are not banks they have no legal standing why do they want out legal info when we don't have  theirs?

Do ICO projects even have an address, these pictures of the ICO team??? Are they real?? I think not.

You cannot ask someone for money and remain annonomous whilst they must not just give you money but surrender their person info.


No thanks. I wouldnt even give my KYC if I was to invest. I would however give my KYC to an actual registered company with an actual HQ that is physical.

How many of these ICO's are even legally registered??

I want to see some legal info of the people running the ICO not the other way around. It is them that must prove they legit to us not the other way around.




Oh and btw KYC means nothing. Scammers who run scams will open different bank accounts with different people they find. Say a homeless person or someone off the radar. THey then simple close the account and open another or have 20 accounts with 20 random people they get info off. It means nothing. Right now I can go to the corner of the road and ask someone there waiting for a taxi or work to give me their info and I can pretend I am them. Can you  see how useless KYC is???

PErsonal info is worth more then money because people can do all sorts of things with that info like take loans for example.

It is all good and well gicing away your info untill you get a call from an officail saying you owe money becasue you have 12 loans under your name.
Maybe you get extorted?? You get doxxed?? Someone here on the forum gets that info a publishes it and now everyone here knows who you are and where you live??

No thanks.

Again, the only goal is not to remain anonymous. There are many dangers in trusting personal information to a bunch of different ICOs.

It reminds me of a child a told should put on sunscreen before going to the beach. I said, "You could get cancer if you don't wear sunscreen." He replied, "I've never gotten cancer before!"

Until your life is ruined you will never understand the risks. The same goes for privacy.

I agree that the rule must be clear from start but put yourself in the shoes of companies, what they want are real social profiles and not anonymous accounts that could co-opt each other. Even a LinkedIn account can be anon ..
Conversely who would like to invest in an anonymous ICO?
And by the way, except to be from China, why do you want to remain anonymous in 2018?

Got a message from the Bitcloud BTX Bounty Manager! https://bitcointalksearch.org/topic/m.29265986

This kind of thread is what i have wanted to read this past few days. This sudden NO KYC, NO BOUNTY rule is somehow growing everyday.
 It is very saddening to see that after several weeks of hard work you will get a notification that you need to go KYC process. As a bounty hunter you are just promoting the project. That is very far from being a customer that needs to undergo KYC process (in some ICO).

Well, I am all for it. Plus please @mprep, notice this please.

You work hard, anonymously 'most of the time' and they get free advertisements out of you. That's not even fair.

Escrows should be a good thing for this.

Plus, a promise of non-KYC as a rule for the bounty managers.

Reminded me of Gla###### and Re$$$m bounties requiring KYC after quite sometime the bounty ended. luls

The DeepWater ICO employs artificial intelligence for underwater pattern recognition to locate and map the locations of sunken treasure ships!

DeepWater plans to gather information about shipwrecks and underwater mineral resources in the Caribbean Sea and along the historical trade routes in the Atlantic and the Pacific Oceans
To collect the data, they will use Gliders. A DeepWater neural network will analyze the datasets and identify sunken ships, deposits of mineral resources, underwater anomalies, etc.

Treasure hunting is a hobby of mine, and doesn't real-world shipwreck hunting feel like a lot like hoping you mine the next block and earn the reward? Or is it just me? 

NO KYC For Bounty Hunters

Join us DeepWater Bounty

This is very good post, sadly I don't have any merit to give you. But yeah why would we need to give our private information if we don't want to.ive heard that some bounties will ask you at the end for your info in order to get your coins. Hopefully not many of them do this.

Tradeplayz gets added to the list! https://bitcointalksearch.org/topic/m.29200899

Total agree with author. Project often used KYC to manipulate token distribution. Many bounty participants don`t want to share private information with anybody or someone doesn`t have foreign passport. This is a big problem. Projects should notice that they will use KYC. KYC is not froud but if you don`t noticed people you are grifter.

I like your idea of this thread and i wounder why bounty hunters are subjected to this KYC??

Bounty Hunters are not Customers simple as that( we did not invest money in the project) dont even know why this should be the case now...if this is the case more investors will wait for coins from an exchange and not participate in ICOs!!

'BOUNTY' means free giveaway/reward/price and do not need KYC as no money/investment is involved by the bounty hunters

Requiring to submit basic info should be ok and not KYC docs.If some one is asking for KYC docs,they are finding excuse not to pay

Bounty Hunters are 'getting paid' and "Not Investing".KYC is for Investors as they are investing their funds

The forum should make a rule that the Tokens/coins or btc/eth equivalent  to the bounty rewards to be pledged with escrow before starting any bounty campaign.Only such bounty campaigns should be allowed/approved  to run by mods

Thank you for taking the time to post here directly!

TV-TWO is decentralizing and disrupting TV, and their project is hitting its stride. They are also big on values.

TV-TWO is more than an application for Smart TVs.
TV-TWO is more than a token ecosystem for a decentralized TV industry.
TV-TWO is more than a team of young entrepreneurs from Berlin, Germany.
TV-TWO is a movement.
TV-TWO is a community of believers.

TV-TWO brings transparent transactions and crypto wallets into the living rooms around the globe.
TV-TWO positions itself at the forefront of society to establish the blockchain technology.
TV-TWO promotes transparency, equality, and fairness.
TV-TWO welcomes openness, disruption, and progress.
TV-TWO welcomes You.

Thank you for mentioning TV-TWO!
Here is a link to our bounty thread that does not require KYC for bounty hunters: https://bitcointalksearch.org/topic/bounty-tv-two-connect-your-tv-to-the-ethereum-blockchain-ended-2617590