KYC is actually used for bounty hunters because there is a lot of cheating done by bounty hunters. And until now KYC can indeed reduce fraud so that many use procedures. I don't think KYC will be a problem and all your decisions are yours.
right from yesterday there were many bounty hunters who cheated like increasing accounts so the results he got were bigger and bigger, so KYC if I didn't think it was a problem for me 
Topic: Why Bounty Hunters Should Be Exempted from KYC/AML Procedures - page 6. (Read 4254 times)
Not going to happen, these projects are already operating in a legal gray area, so they're going to protect themselves as good as possible by making everyone enter their KYC data.
If you don't like it, you just don't join. It's as simple as that...
Besides, is it really worth it to have your personal documents floating around on the internet for a couple of measly dollars worth of tokens?
I can almost guarantee you that your documents are already for sale on some TOR marketplace, if you're just sending them to any project that offers to pay you.
If you don't like it, you just don't join. It's as simple as that...
Besides, is it really worth it to have your personal documents floating around on the internet for a couple of measly dollars worth of tokens?
I can almost guarantee you that your documents are already for sale on some TOR marketplace, if you're just sending them to any project that offers to pay you.
KYC for bounty hunters because there are so many people who commit fraud. So they use KYC to reduce or eliminate fraud. And every policy makes perfect sense if you get rejection and complaints.
The reason is simple
KYC Procedure is just to prevent a cheater from a bounty, many bounty hunters try to join with multiple accounts to get a higher reward. Imagine if there are legit bounty that requires a maximum of 100 people to join but there are one people joining with 10 accounts, he/she stealing people opportunity to join this bounty and acquire another people bounty reward for him/herself...
I agree with your opinion, KYC is effective prevention cheater receive the bounty rewards, but currently most of the campaign required kyc, even if airdrop also like that, too hard to identify which one is real or scam our documents.KYC Procedure is just to prevent a cheater from a bounty, many bounty hunters try to join with multiple accounts to get a higher reward. Imagine if there are legit bounty that requires a maximum of 100 people to join but there are one people joining with 10 accounts, he/she stealing people opportunity to join this bounty and acquire another people bounty reward for him/herself...
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they should employ the services of a verified 3rd party escrow agent who can distribute tokens to bounty hunters
I don't think they will accept this suggestion. I agree, infact bounty hunters and investors shouldn't be required any kyc, I afraid some site will misuse the identity from the investors and used it for identity theft, the reason for kyc bounty hunter is not for money laundering but to prevent cheating, but I still think crypto should be free from kyc no matter what is the reason, the developers should find other way to prevent cheating
Investors are required to follow the KYC requirement, if it's part of the requirement, they will have to follow it before they can own a coin or token. However, like OP said, bounty hunters should be exempted, we did not risk money to own a coin, we work for it, and therefore we should receive the reward with ease.
KYC is actually used for bounty hunters because there is a lot of cheating done by bounty hunters. And until now KYC can indeed reduce fraud so that many use procedures. I don't think KYC will be a problem and all your decisions are yours.
Bounty hunters in ICO projects do not commit fraud at all and cannot commit it. Bounty hunters earn their tokens, but those who do not fulfill their duties and do not write quality messages and do not advertise ICO projects, do not earn steaks and do not receive tokens. If bounty hunters use multiple accounts, this is a violation of the rules of this forum and for the ICO team does not matter. Therefore, we should not undergo any KYC checks. It should be carried out only for the prevention of money laundering and the fight against the financing of terrorism. Applying a KYC check for another purpose is a violation of the human right to the confidentiality of a person and abuse of their rights by the ICO team.
I agree, infact bounty hunters and investors shouldn't be required any kyc, I afraid some site will misuse the identity from the investors and used it for identity theft, the reason for kyc bounty hunter is not for money laundering but to prevent cheating, but I still think crypto should be free from kyc no matter what is the reason, the developers should find other way to prevent cheating
Hunters shouldn't really comply with KYC.
You did the job without any agreement and that's why crypto is all about freedom and privacy.
I agree with you, they should create a system that will exempt bounty hunters from KYC and also remove the any necessary tools that is applicable to investors from investors platform because KYC is really not important for hunters since they are not making any deposit or whatsoever.You did the job without any agreement and that's why crypto is all about freedom and privacy.
I don’t think there is any hunter that can also get a reward that will be so alarming. This act of theirs are just ways of frustrating we hunters which will also not be good for their project because we might decide not to work for them too, they might think we can do without it, we can also afford to buy the little coin we can buy from any project, we are not competing with anyone.
True but bounty managers and developers want it the easy way so they pass the inconvenience to the shoulder of the bounty hunters. If they hire an escrow to pass payment to bounty hunters it will be additional expenses for them and another inconvenience too so they give less regard to bounty hunters since bounty hunters must obey the rules they imposed in order for them to receive payment for their service. Most of the time bounty managers do not mention KYC to bounty hunters, it is just before payment distribution they are announcing it so bounty hunters are left with no choice but to obey in order to get payment.
Our point is very valid logically, but system wise it will give the company more stress doing so because most purchases done requires participant to register on the website of the project and in programming, they have to instruct the site to request for a details which part of it is KYC/AML and they use this same form for everyone making use of the site, whether bounty hunter or investor.
If they are to start separating bounty hunters, fine, programmers can do it by leaving an option for the person to choose either if he is an investor or hunter, what If someone who wants to use the system to launder money comes in to register as a hunter? That would have defeated the objective of the KYC.
If they are to start separating bounty hunters, fine, programmers can do it by leaving an option for the person to choose either if he is an investor or hunter, what If someone who wants to use the system to launder money comes in to register as a hunter? That would have defeated the objective of the KYC.
fully I agree with you (bounty hunter is not obliged to do KYC) but for other reasons we cannot deny the rules given by team, otherwise we will not get payment from our work while supporting project
KYC is actually used for bounty hunters because there is a lot of cheating done by bounty hunters. And until now KYC can indeed reduce fraud so that many use procedures. I don't think KYC will be a problem and all your decisions are yours.
KYC will not fix the cheating problem its the job of the campaign manager to check for cheaters on his campaign. Asking for KYC is absurd and should avoided.
KYC policy for Bounty hunters should be announce before the bounty starts not in the middle or after the bounty. This is the common trick of ICO projects to lessen their bounty payments liability.
KYC is actually used for bounty hunters because there is a lot of cheating done by bounty hunters. And until now KYC can indeed reduce fraud so that many use procedures. I don't think KYC will be a problem and all your decisions are yours.
Cheating is not problem for scam projects which want to collect bounty hunter's personal details for preventing the fraud. I don't simply accept this fact and scam projects sell our documents on deep web for dirty cheap prices.
Not all bounty participants are released from the Know Your Customer (KYC) procedure. I have participated in a project that requires me to fill in my identity data including the Passport. Actually it's a good thing, as long as it is used for mutual interests. So I think it's a positive thing and needs to be supported. No problem.
It is a matter of several minutes to do a KYC. Whenever they have announced it, people do not want to go through them not because of their principles, but because they have took part with 5 accounts and want all the money.
To the point, I hate the KYC procedures! I prefer to passed it, refused it and against the KYC procedures!
Requiring KYC to bounties is a big tactics of ICO owners to steal tokens. Heres the scenario:
1.) You joined a bounty without knowing they will require a KYC later. And you do not have a passport or driver's license.
2.) You promoted the ICO twitter, facebook posts, and post on Bitcointalk in a timely manner. You created blog post for article postings.
3.) You got a high stakes for doing bounty on time.
4.) SNeaky bounty owners, requires KYC before coin distribution.
5.) You failed to submit kyc.
6.) All stakes allocated for you goes back to ICO owners.
Oops. It seems you are wrong. AFAIK, the policy of the allocation for the bounty program will be/always returned to the team. Of course, that's aren't the way to steal a token from the participants who failed to submit KYC. CMIIW. 1.) You joined a bounty without knowing they will require a KYC later. And you do not have a passport or driver's license.
2.) You promoted the ICO twitter, facebook posts, and post on Bitcointalk in a timely manner. You created blog post for article postings.
3.) You got a high stakes for doing bounty on time.
4.) SNeaky bounty owners, requires KYC before coin distribution.
5.) You failed to submit kyc.
6.) All stakes allocated for you goes back to ICO owners.
KYC is actually used for bounty hunters because there is a lot of cheating done by bounty hunters. And until now KYC can indeed reduce fraud so that many use procedures. I don't think KYC will be a problem and all your decisions are yours.
The fact is what you just said. Bounty hunters should have no business with kyc, reason being that the are not buying into the project but rather assisting the platform to gain publicity and to make them know across boarders. So kyc shouldn't be use as a means not to pay hunters their reward.
You are perfectly right, Bounty hunters should be exempted from KYC, infact we are creating popularity of a particular project and so therefore should be appreciated and not requesting for KYC for helping them create awareness
KYC in few exchanges is quite good because exchanging large volumes sometimes becomes concern and intersects with AML policy.But apart from that doing bounty or any airdrop campaigns which requires KYC is total waste.We had already seen so many projects failed last year and still some are still following the same paths.And shitcoins and shit ico are daily emerging.Without even seeing the project getting success and the transfer to fiat and vice versa is supported its just total waste.
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