Why Bounty Hunters Hate KYC !!! - page 2.

shoreno

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Quote from: onrise on April 16, 2019, 12:00:19 AM

Quote from: btcmegastar on April 04, 2019, 01:27:52 AM

Without KYC it is not possible for the company to distribute the coins, now most of the companies are asking for KYC in order to get our tokens. That's why it is always good to join in bounty which company is not asking for KYC. Bounty people don't want to share their identity with the unknown users.

The reason that people dislike KYC is that firstly they would have no idea who runs the company or the team behind that they would be unaware or may not known their credibility. Anybody doing KYC is risking their profile sharing with the unknown one's as they are not recognized or license given them by government that they are authorized and genuine and would not misuse the data.

before they join , they can see the name and details of the company . they can check it and if they feel that is legit and safe then go do a kyc but if they have doubts that a project could be a potential scam and shady then dont . as simple as that . we dont need to stress our self with kyc if we will join or not . @btcmegastar , before kyc is not present but why we still recieve our coins ? kyc is not an excuse to not distribute the rewards .

onrise

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Quote from: btcmegastar on April 04, 2019, 01:27:52 AM

Without KYC it is not possible for the company to distribute the coins, now most of the companies are asking for KYC in order to get our tokens. That's why it is always good to join in bounty which company is not asking for KYC. Bounty people don't want to share their identity with the unknown users.

The reason that people dislike KYC is that firstly they would have no idea who runs the company or the team behind that they would be unaware or may not known their credibility. Anybody doing KYC is risking their profile sharing with the unknown one's as they are not recognized or license given them by government that they are authorized and genuine and would not misuse the data.

ShowOff

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Quote from: vucuong16101997 on April 15, 2019, 04:49:22 AM

Quote from: superving on April 09, 2019, 05:27:15 PM

I hate kyc cause some of the bounty campaigns you need to provide kyc but in the end when you already done submitting the project will become worthless, you only submitted your kyc to a scam ico.

me too, it is quite dangerous to get KYC into new projects. We may have stolen information from ourselves, but KYC is also one thing to verify ourselves. For Bountyhunter KYC will help people not be taken advantage of by others with their work, but according to me the project will have appropriate KYC. Simply put, if projects open bonus campaigns, they should need gr bounty to support the bountyhunter to ensure fairness for the participants.

Be careful when pick project that want people to do KYC, because not all project will be success and we don't know people can use our identity for what. And my opinion, KYC rules must be mentioned in at first they open the bounty campaign. So people can decide want to join or not. Maybe developers want to think about this.

nicecrypto

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If project owners don't do kyc to verify if they are authentic or not because lots of people will be investing in their idea and hope to profit from it if they succeed, then is it necessary for a bounty hunter who's job is only to work and be rewarded with the project token be required to submit kyc?
i think the main focus of kyc should be on the team who are conducting the ico and expecting funds from public, they are the one's running away with people's money and pretending to be upright people but in reality majority are common scammers. Roll Eyes

vucuong16101997

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Quote from: superving on April 09, 2019, 05:27:15 PM

I hate kyc cause some of the bounty campaigns you need to provide kyc but in the end when you already done submitting the project will become worthless, you only submitted your kyc to a scam ico.

me too, it is quite dangerous to get KYC into new projects. We may have stolen information from ourselves, but KYC is also one thing to verify ourselves. For Bountyhunter KYC will help people not be taken advantage of by others with their work, but according to me the project will have appropriate KYC. Simply put, if projects open bonus campaigns, they should need gr bounty to support the bountyhunter to ensure fairness for the participants.

Viscore

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Quote from: superving on April 09, 2019, 05:27:15 PM

I hate kyc cause some of the bounty campaigns you need to provide kyc but in the end when you already done submitting the project will become worthless, you only submitted your kyc to a scam ico.

That's a sad experience for most bounty hunters, we trust them because we comply with the KYC requirement but the project failed.
Actually, we really don't know what the future of the project is, this depends on the market and how the team would handle or develop it, we risk not money but our information only, but if they can be trusted there is nothing to worry as they will keep it confidential.

superving

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I hate kyc cause some of the bounty campaigns you need to provide kyc but in the end when you already done submitting the project will become worthless, you only submitted your kyc to a scam ico.

DoubleShow

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I don't like to pass KYC as it takes a long time and I don't understand why the developers my data . Cryptocurrency in General is created as an anonymous means of calculation, and then offer to send a scan of the passport or Bank statement. Embarrassed

coin-investor

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Quote from: bp124 on January 17, 2019, 03:39:03 AM

What i know, KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many Hunter run away ! Why? Is it because people don't want review their identity for security reason or people are joining campaign with bot software ..

Probably both, but the thought that there is a big possibility that your sensitive information will go through the black market will cause a big fear even for those honest bounty hunters if there is no such fear then bounty hunters are obliged to go through KYC verification.

elisabetheva

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For me, the identity that we have must not be known by what we may not know and what to do !! obviously with the presence of Kyc, I will obviously avoid it. because obviously I don't want our identity to be misused later. and no one can guarantee that identity will not be misused. I will always avoid kyc.

Flickkk

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Quote from: bp124 on January 17, 2019, 03:39:03 AM

What i know, KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many Hunter run away ! Why? Is it because people don't want review their identity for security reason or people are joining campaign with bot software ..

i know that KYC is a confirmation of your current place you are living so that they know if the coin will be given to you.
some bounty hunters dont have the requirements for the KYC thats why sometimes they lose hope on getting their coin .

EastSound

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Quote from: Inu.Guren on April 04, 2019, 12:23:07 PM

Quote from: Red_Evil on April 04, 2019, 12:54:35 AM

No make sense, unreasonable , how's it possible for KYC for bounty to prevent money laundering? For those who follow join in bounty please re-consider. due to misuse / abuse / selling information in future. Totally high risk.

no, i think it's reasonable for bounty have KYC, because this methode can elliminate cheater in bounty campaign, if we participate Bounty are managed by bounty management like Wapinter,Btcltcdigger, etc i trust them, but if just personal manager i don't trusted the KYC applied in their bounty

The problem with handling KYC to 3rd-parties is that you dont know what they are going to do with the data collected. Especially that some require a passport ID

Inu.Guren

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Quote from: Red_Evil on April 04, 2019, 12:54:35 AM

No make sense, unreasonable , how's it possible for KYC for bounty to prevent money laundering? For those who follow join in bounty please re-consider. due to misuse / abuse / selling information in future. Totally high risk.

no, i think it's reasonable for bounty have KYC, because this methode can elliminate cheater in bounty campaign, if we participate Bounty are managed by bounty management like Wapinter,Btcltcdigger, etc i trust them, but if just personal manager i don't trusted the KYC applied in their bounty

joromz1226

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Quote from: bp124 on January 17, 2019, 03:39:03 AM

What i know, KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many Hunter run away ! Why? Is it because people don't want review their identity for security reason or people are joining campaign with bot software ..

Maybe because they don't have any valid id's or it could be they are criminal or what. But for me as a bounty hunters its fine for me to submit it according to their requirements. There's nothing wrong with when it comes to that matter. And KYC is top prevent cheaters and scammer something like that.

btcmegastar

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Without KYC it is not possible for the company to distribute the coins, now most of the companies are asking for KYC in order to get our tokens. That's why it is always good to join in bounty which company is not asking for KYC. Bounty people don't want to share their identity with the unknown users.

Red_Evil

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No make sense, unreasonable , how's it possible for KYC for bounty to prevent money laundering? For those who follow join in bounty please re-consider. due to misuse / abuse / selling information in future. Totally high risk.

noormcs5

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Quote from: icecube45 on February 24, 2019, 06:35:17 AM

Indeed there are many people avoiding KYC, as you say because they want to protect their identity for security. The average person who is in Crypto is a person who really maintains their identity for security, because crypto is still vulnerable to misuse of identity so many people are afraid of their identity being misused. Moreover, there are many ICO whose status is unclear and end with a scam, so it is very risky to share their identity on KYC.

It is indeed not a good idea to submit your KYC to ICO or other non-trusted sites. I have been known that few of the companies sell our KYC on the dark web and criminals can abuse our legal documents in any way and we would have no control over it.
I mostly avoid the KYC to be on the safe side and do not risk for few dollars.

FIFA worldcup

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Quote from: Flangler on February 24, 2019, 06:44:04 AM

Quote from: bp124 on January 17, 2019, 03:39:03 AM

What i know, KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many Hunter run away ! Why? Is it because people don't want review their identity for security reason or people are joining campaign with bot software ..

Man cryptocurrencies are anonymous by default, Why do they need our personal data anyway ? In cryptocurrency sphere where 80% of ICO are scam you have to be cautious who you give your ID especially when you will get small amount $ for that. Think about it.

No one hates KYC and if you have not cheated any bounty, it is not hard to do KYC. The main problem is that most of the ICO are scams and we never know that the documents we send to them, they might use it in scams or illegal means. For me, if someone proofs that the ICO is not a scam and they will not leak our documents, i am Ok to send them.

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Quote from: smyslov on March 30, 2019, 11:27:02 PM

Quote from: bp124 on January 17, 2019, 03:39:03 AM

What i know, KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many Hunter run away ! Why? Is it because people don't want review their identity for security reason or people are joining campaign with bot software ..

We can say both, but in my case, I really don't want KYC or know your customer because of a lot of reported data leak, some past ICOs that are not existing anymore are selling their investors and bounty hunter's sensitive details in the dark web, and this are proven.

This is one of the reasons make all the bounty hunters to be afraid of giving out their details.People say we all are giving legit details and when we are legit no need to panic for doing it but people can abuse our data for crimes so we don't have to give our details to someone online.

smyslov

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Quote from: bp124 on January 17, 2019, 03:39:03 AM

What i know, KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many Hunter run away ! Why? Is it because people don't want review their identity for security reason or people are joining campaign with bot software ..

We can say both, but in my case, I really don't want KYC or know your customer because of a lot of reported data leak, some past ICOs that are not existing anymore are selling their investors and bounty hunter's sensitive details in the dark web, and this are proven.

Topic: Why Bounty Hunters Hate KYC !!! - page 2. (Read 93906 times)