There are two (2) reasons I have in mind about why Bounty Hunters don't want KYC.
1. PRIVACY and SECURITY - Since KYC was really intended for customers and not for bounty hunters, they want to remain anonymous as much as possible for security reasons.
2. MULTIPLE ACCOUNTS - Some scammers and cheaters don't want it because they will be disqualified and will be banned from the bounty.
Topic: Why Bounty Hunters Hate KYC !!! - page 31. (Read 93906 times)
I think that in most cases, many people refuse to bounty the company if they have to pass the KYC, as many do not want to put themselves in danger. I do not think that for bounty hunters who own multiple accounts, it will be difficult to pass the extra KYC.
This is because on most occasions projects use kyc to short change bounty hunters. Take for instance, I participated in the gcox project bounty earning 800+ tokens worth $800+ but I have been unable to claim my reward simply because I failed their kyc process even though I submitted the correct documents and did everything right. This is just one of several such cases. When projects want to be funny in terms of rewarding bounty hunters, they introduce kyc which in truth reduces the chances of them paying out the entire allocation.
I think that very few people have a positive attitude towards KYC . Sometimes this procedure takes a lot of time. In addition, I think that cryptocurrency should be anonymous.
There are 2 main reasons.
1- Some bounty-hunters value their identity, but I think if you agreed to work with someone you should be okay sending them your BASIC information and if you think they are scammers then simply do not join them.
2- This is the real reason which is most Bounty-hunters are only farms of multi-accounting people so basically they hate KYC because they can't really pass it because they are cheaters. I audited a lot of spreadsheets before and the number of multi-account cheaters is crazy.
A basic KYC is okay and should not get anyone worry. And I see some Bounties started to apply basic KYC instead of Full KYC procedures.
1- Some bounty-hunters value their identity, but I think if you agreed to work with someone you should be okay sending them your BASIC information and if you think they are scammers then simply do not join them.
2- This is the real reason which is most Bounty-hunters are only farms of multi-accounting people so basically they hate KYC because they can't really pass it because they are cheaters. I audited a lot of spreadsheets before and the number of multi-account cheaters is crazy.
A basic KYC is okay and should not get anyone worry. And I see some Bounties started to apply basic KYC instead of Full KYC procedures.
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 ..
In my opinion one of the reasons is the fact that they can not use multiple accounts, although in all the campaigns are prohibited many use them
Bounty hunters place more importance on their privacy, rather than selling KYC to get money. sometimes they also consider the results of handing over KYC. is the profit greater than the risk that will be obtained ...? if the risk is greater they will certainly choose no.
There are many risks attach to giving out your identity for those you don't know all because of dome kind of rewards there are too many scammers out there looking for identity to use in scaming people.
I experience the KYC problem on my previous campaigns where some bounty participants don't get their rewards because the documents they submitted was rejected and cannot go through the KYC verification which is uncool for a project since some bounty hunters works hard for it.
I think that everything is due to the fact that you are sending your personal data to someone completely incomprehensible to a person or a group of people who afterwards can do anything with them
Hehehehe, although most bounty hunters are worried and complain due to the disclosure of personal details that's not all. Most are also worried since they might not be able to cheat the system when KYC is introduced.
Of course, providing personal data to Bounty companies greatly reduces the possibility of multi-account fraud. but it will be very unpleasant if someone took advantage of your personal data without your consent for evil intentions. Information about the sale of personal data of many people is often found online.
Hehehehe, although most bounty hunters are worried and complain due to the disclosure of personal details that's not all. Most are also worried since they might not be able to cheat the system when KYC is introduced.
KYC Gives nothing and puts me at risk. Why do I need it ? Such data in the right hands can lead to a complete disaster. I really think so. There is a black market data.
I think many of them uses fake accounts for excess coin gains. Both side real hunters and project developers are facing problems finding the right solution for everyone.
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 ..
The reasons may be completely different. Someone is afraid to show their personal data, someone does not want to become a famous person on the Internet, because your documents may be sold by dishonest people.
There might be few reasons why they run away when they hear the word KYC. Firstly, they might probably be enrolling through multiple accounts or is some how abusing the system and might get caught if the user identity is verified. Secondly, they do not want to disclose their identity and wants to stay private. Or they are scared that their identity might get into the hand of a wrong person/scammer. Finally, they do not want to go through all those hassles of submitting ids.
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 ..
The KYC check for bounty hunters is a disguised way of cheating by unscrupulous ICO teams. This is a way for the bounty hunters to earn the tokens earned by them if the KYC is checked at the end of the ICO or even after its completion. And most of the KYC checks are done in the second half of the ICO. Due to the fact that there is no uniform form for passing KYC checks, ICO teams come up with providing various information and copies of documents that we sometimes cannot provide. Therefore, KYC testing is mostly free work. Who would like it? 
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 don't think it is even legal to ask for KYC by some private people
Most of that ico are coming from unregistered companies
Docs scan for some stupid tokens we even don't know to who we are giving out docs
So maybe first ico has to show us his docs
Scan of your docs
I am avoiding giving my docs to some unknown guys
I know some very legit ico done by real companies they never asked for KYC from bounty hunters
In fact it is first warning in a case of ico
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 would say its because people like to cheat with multiple accounts
Take a note on bounties that have KYC , you will see how many people participate compared to the ones that don't have kyc I could give many examples and its always like that . There is so many greedy people that even once i notice guy with 6-7 accounts participating in bounty . You can trace cheaters by looking at Ether adress and where tokens go . There is some cheaters who hide it ofcourse . Thats kinda sad compared to honest hunters :/
I don't hate KYC because investors also use KYC to purchase tokens on ICO, but I recommend using KYC only for good ICO and not ICO scam
some members avoid KYC for privacy reasons and don't want the data to be misused
some members avoid KYC for privacy reasons and don't want the data to be misused
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