Topic: Would you do KYC for a bounty hunt? (Read 747 times)
Yes i would do KYC for a bounty, so all of my hardwork would paid off. Asking KYC has its purpose to avoid multiple accounts by sending its information before they they recieve their rewards and it is effective because people are now being honest in joining bounty campaigns.
Some of us choose the kinda Kyc to do talk more of a bounty hunt kyc, I Believe they can find other means to stop anything that looks scammy not just using Document
and 🆔s. Again it's a bit risky having to submit your personal data to just bounty groups. .. They should find another way, this way won't sit well with the masses.
and 🆔s. Again it's a bit risky having to submit your personal data to just bounty groups. .. They should find another way, this way won't sit well with the masses.
I am a bit scared that some ICOs and recently a well-known bounty management group have decided to ask for KYC for bounty hunters. For me, that puts me on the spot of choosing if I want to risk to send my documents on line for not much money or just decide that I should not do any bounty.
The worst thing is that sometimes the KYC is asked after the promotion is done. For me that is just blackmail. What would you say if I agree with you to pay you 300$ to paint my fence and once you finish I decide that I will only pay you if you give me your address, copies of your documents and a picture of your wife or husband.
i agree with you, ico should include kyc verification as part of the requirements of completing a successful bounty from the very beginning of the bounty campaign, that will give the bounty hunter opportunity to make a choice to eith participate or not, bringing forth kyc as a prerequisite for getting reward at the end of a bounty if fraudulent and negate the true practice of fair play, but on the other hand, kyc helps eliminate multiple account creation by a single hunter. The worst thing is that sometimes the KYC is asked after the promotion is done. For me that is just blackmail. What would you say if I agree with you to pay you 300$ to paint my fence and once you finish I decide that I will only pay you if you give me your address, copies of your documents and a picture of your wife or husband.
If an ICO decided to ask me for KYC information after the bounty was over, I would look at it as a scam, and as a coin that has no future.
The reason why I would look at it as a scam is because if scammers wanted to get your information, they know that most people are not going to send them their personal information and join their bounty campaign. But when they pull that shit after the fact, a good amount of those people will be vulnerable because they spent all that time working for the bounty, and will sent them the information during such a weak moment, situation.
The reason why I would look at it as a scam is because if scammers wanted to get your information, they know that most people are not going to send them their personal information and join their bounty campaign. But when they pull that shit after the fact, a good amount of those people will be vulnerable because they spent all that time working for the bounty, and will sent them the information during such a weak moment, situation.
The is absolutely no way in the world I will ever support a KYC project. Financial gain is not worth selling out for a far greater cause and that is anonymous money. Anyone who is participating in any sort of KYC activity not only are you taking a huge risk with your personal data your killing a movement and letting it be co-opted by big business and government. Once names are attached to addresses your paying taxes for EVERYTHING. it will all be on the blockchain once there is no money. Even that dollar tip you give to the homeless guy will be taxed. You guys doing KYC are playing a huge part in enslaving us even further.
THINK
THINK
The only way I way that I would do a KYC for a bounty if it's for some coin that has a very legit and real business behind it. Like say Microsoft. If not forget about it. Who knows what a bunch of strangers will do with my information.
With things like identity theft, data leaks and all the unimaginable things that can happen to your data, I don't think this know your Custormer has to be extended to bounting hunting as they simply fall out of the category of being a companies custormers, they can simply be described as an extention of your marketing team which should be reason not to do KYC unless they are ready to take full responsibility should a data breach happen, I can do kyc on this one condition 
The true essence of Crypto-currency is Decentralization and KYC is meant for Centralization!
But most people are greedy in nature so they don't care and this is the reason why identity Theft is spiking its increase globally!
Besides, KYC system is intended for those large investors only and not for Bounty nor Airdrops imo!
But most people are greedy in nature so they don't care and this is the reason why identity Theft is spiking its increase globally!
Besides, KYC system is intended for those large investors only and not for Bounty nor Airdrops imo!
Yeah why not, I suppose yeah it could end up on the dark web, never really thought about that,
But if its a good bounty return F it
But if its a good bounty return F it
Until one day you go on holiday, get arrested at an US airport and charged with card fraud, if you are lucky. If you are not lucky charges will be for terrorism, drug dealing or arms trading.
And while you try to prove that "some else used my documents" and "I am innocent" they will be thinking of how fabulous would you look in orange, inside an Egyptian prison.
But..yeah... bounty was good...so f*ck it.
I agree, some years ago we had a serious problem here in South Africa where people ended up married to Nigerians and Zimbabweans and on top of that in some cases those unsuspecting people ended up with thousands of Rands in debt. Didn't follow close enough to remember how this all happened and if a syndicate was caught. But still they somehow gained access to Id's, married you and opened accounts in your name. How do you prove you were not in on it?
I found a article: https://www.nytimes.com/2004/09/05/world/africa/unwitting-wives-are-prey-in-south-africa-scandal.html
No Bounty pays enough in my opinion. But it's a personal decision for everyone to make.
This is the most problem of the hunter, specially when the bounty manager announce it after the campaign and the worst is that they only validate or accept a passport. BM, should be mindful to the participant. First, they must announce it on the thread so that the Participant can decide if he or she is going to join. I know there are some reason why they ask for it and it has also an advantages and disadvantages.
Yes it is scary to do kyc because we don't have an assurance for the safety of our records. We don't have any option if we want our token, we have to do it. For me KYC is only for a Customer who joined their ICO, we are a hunter and they pay us only a small amount. If their reason is for anti money laundering then it is an invalid reason.
Why ask a hunter to do KYC? That is unfair, they must also ask the Airdrop Participant. Maybe BM forget what their first requirement for social media campaign, it say like this. "You must use a genuine account or else you will be disqualified" after that you are accepted. So why the accept the applicant?? I'm sure they already review it. So why ask for a KYC?? Are we a Customer??
Yes it is scary to do kyc because we don't have an assurance for the safety of our records. We don't have any option if we want our token, we have to do it. For me KYC is only for a Customer who joined their ICO, we are a hunter and they pay us only a small amount. If their reason is for anti money laundering then it is an invalid reason.
Why ask a hunter to do KYC? That is unfair, they must also ask the Airdrop Participant. Maybe BM forget what their first requirement for social media campaign, it say like this. "You must use a genuine account or else you will be disqualified" after that you are accepted. So why the accept the applicant?? I'm sure they already review it. So why ask for a KYC?? Are we a Customer??
know your customer(alternatively know your customer (KYC) is a process of business verifying the identity of its clients to ensure security protocol so that transaction becomes secure.
I think its a good thing to do KYC
I think its a good thing to do KYC
Yes, so we as a hunter, pick bounty which you think very professional team with a great background in the field. Not do kyc in not known people in the industry maybe those person with have own company out there in physical world and try to runa project as the CEO. This project is less risl of giving our detailed.
Hi there!
Actually i was going to say, when a project looks all legit and so, you could do a KYC.
But, you cant you really cant trust any project in crypto space when it comes to bountys and airdrops!
And when they ask it when the bounty campaign is ending, you should really think again!!
Greeting!
Actually i was going to say, when a project looks all legit and so, you could do a KYC.
But, you cant you really cant trust any project in crypto space when it comes to bountys and airdrops!
And when they ask it when the bounty campaign is ending, you should really think again!!
Greeting!
I think better to choose bounties without KYC, but some of the bounty managers can be rely on actually
Your point seems reasonable but mostly KYC will avoid multiple accounts participating in their bounty. But if you are able find the particular project is not having a good potential simply you can ignore to continue if they request KYC. But KYC might need to avoid many scams & repeating same individual to print accounts.
Meantime some real companies are in the field with genuine projects avoiding scammers to use their project as money laundering scheme. In fact the bounty managers do have right to request your identity to avoid problems while distributing the bounty earned. As per some regulations by governments it required to maintain KYC record but it's your personal wish to avoid some bounties which demand such.
kyc does not avoid double accounts! all documents you can buy by opening any search engine Meantime some real companies are in the field with genuine projects avoiding scammers to use their project as money laundering scheme. In fact the bounty managers do have right to request your identity to avoid problems while distributing the bounty earned. As per some regulations by governments it required to maintain KYC record but it's your personal wish to avoid some bounties which demand such.
Your point seems reasonable but mostly KYC will avoid multiple accounts participating in their bounty. But if you are able find the particular project is not having a good potential simply you can ignore to continue if they request KYC. But KYC might need to avoid many scams & repeating same individual to print accounts.
Meantime some real companies are in the field with genuine projects avoiding scammers to use their project as money laundering scheme. In fact the bounty managers do have right to request your identity to avoid problems while distributing the bounty earned. As per some regulations by governments it required to maintain KYC record but it's your personal wish to avoid some bounties which demand such.
Meantime some real companies are in the field with genuine projects avoiding scammers to use their project as money laundering scheme. In fact the bounty managers do have right to request your identity to avoid problems while distributing the bounty earned. As per some regulations by governments it required to maintain KYC record but it's your personal wish to avoid some bounties which demand such.
I believe it's because of many countries now have regulations for cryptocurrency related transactions and
thus ICO's are required to have the KYC of their participants.
ICO's are forced to require KYC to be able to be able to accept investors in those countries.
On the other hand, I also disagree about that idea since we cannot be certain that our identities are safe.
thus ICO's are required to have the KYC of their participants.
ICO's are forced to require KYC to be able to be able to accept investors in those countries.
On the other hand, I also disagree about that idea since we cannot be certain that our identities are safe.
I think this procedure will not be superfluous today. From the fact that you send your data to developers terrible nothing will happen, but the number of scams and bots will decrease significantly . Now the company looks like a bounty dumpster-which is registered all and Sundry. A lot of spam and bots. Only a disabled person or a dog is not registered in the projects and such small rewards and a huge number of participants. The KYC procedure should free the bounty hunters ' tables from scams and spam - I for the introduction of this activity.
I stopped doing any bounties because of KYC, is impossible to know who will ask for this verification.
Maybe one day we will have some standard of identification online that will make impossible for a person to have multiple IDs online and stay secure at the same time. Until then, no more bounties for me.
Maybe one day we will have some standard of identification online that will make impossible for a person to have multiple IDs online and stay secure at the same time. Until then, no more bounties for me.
KYC flies in the face and is completely counter-productive as to what crypto-currencies are all about.
I thought the whole concept revolved sending money, peer to peer, cheaply, quickly and anonymously, anywhere in the world in one transaction rather than rely on various banking institutions who charge an arm and a leg.
They maintain that KYC is a deterrent for money Laundering. Yet these same governments, institution etc, will be the first to shout from the rafters that crypto-currencies are not money..
KYC is just another means of the few taking control over the masses
Just my opinion..
I thought the whole concept revolved sending money, peer to peer, cheaply, quickly and anonymously, anywhere in the world in one transaction rather than rely on various banking institutions who charge an arm and a leg.
They maintain that KYC is a deterrent for money Laundering. Yet these same governments, institution etc, will be the first to shout from the rafters that crypto-currencies are not money..
KYC is just another means of the few taking control over the masses
Just my opinion..
Good point. However, i could consider KYC necessary as there is a lot of Scam in the field. Why should a multiple account holder fill many submissions and in the end get the most stakes?
My point is that KYC somehow promotes Decentralization.
Maybe the way it happens is not the right process.
What about asking for a unique digital ID that has nothing to do with your personal/private documents? Both parts would be happy!
KYC is a legal obligation.
Don't forget that real ICOs are also real companies with rules to respect according to their country!
The KYC is imposed by the international banking rules we must know the customers who buy tokens.
I can understand that this whole system changed our habits a few years ago it was unthinkable because the crypto was still small but today the ICO that do not make KYC are probably scams
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