Would you do KYC for a bounty hunt? - page 2.

thomas.sgat

copper member

Activity: 142

Merit: 0

Quote from: Byzantium101 on June 02, 2018, 01:09:24 PM

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.

Legally you do not have to do KYC to participate in the Bounty Program because it is a gift of token and not a buying )

tina87

newbie

Activity: 308

Merit: 0

I do not understand why it is needed at all. All necessary documents and photos can be found in web. I do not want to download documents. Very often this procedure is inserted to f..ck out hunters for not pay at all.

Naida_BR

member

Activity: 980

Merit: 62

Quote from: BigBadBitBaron on June 20, 2018, 01:20:29 PM

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.. Roll Eyes

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!

BTC-BTC-BTC

legendary

Activity: 1582

Merit: 1001

www.neutroncoin.com

There is no bounty worth to risk your personal information to be leaked. I do see benefits from KYC but, no way any should do a KYC for bounties.

Strufmbae

member

Activity: 486

Merit: 27

HIRE ME FOR SMALL TASK

Quote from: UserU on June 16, 2018, 12:52:41 AM

I don't mind actually.

After all, Google already tracks our identities, locations and preferences.

There's no way to be totally safe from prying eyes while being on the Internet.

Your taking it out of the thread statement, OP is asking if KYC is good to be trusted within a project.

Youre wrong about Google, actually they can not trace all. And you can be safe in the internet if you know how to use private connection, IP address, leaving works in incognito, heard about anonymous group? Even NASA can't trace them and FBI have nothing to do with those smart people.

Now do you know what is kyc and where it is correlated?

PlanetZebes

jr. member

Activity: 68

Merit: 2

Only if it's a good project that I think has an obvious bright future. I probably will never see such a project. But if the project can be completely trusted, then yeah. Not some friends that decided to create a crypto.

BigBadBitBaron

sr. member

Activity: 463

Merit: 256

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.. Roll Eyes

BantiHanter

newbie

Activity: 182

Merit: 0

Quote from: Avalonist on June 09, 2018, 02:13:09 PM

I wouldnt worry if Bounty company will ask for my KYC.
Im not that paranoic, what will they do with my documents?
Is there anything illegal they can do?

In the end, if the project is a scam.
Of course, they can use your personal data to do illegal things

DanWork

jr. member

Activity: 67

Merit: 1

Of course not, my privacy is very important to risk for something that could turn out not to be legit. And it's really bad that some bounty managers ask for it after it's all said and done. It's like blackmale. Gives us your ID information of you won't get your bounty.

iamike

jr. member

Activity: 314

Merit: 1

It would be a very serious issue if bounty hunters are asked to do KYC before they are being paid. Why would such thing happen? It will be quite unfair because i have worked for you and instead of you to pay me you are rather taking my particulars unlawfully before you settle me. If they ask bounty hunters to do KYC before the actual campaign then that is fair or if they include it in the rule i believe is quite fair but if it is not stated i think is not right.

matthewoz101

jr. member

Activity: 308

Merit: 2

Quote from: Byzantium101 on June 02, 2018, 01:09:24 PM

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.

KYC can protect the company from users having multiple accounts and bots. Some countries REQUIRE a KYC in order to distribute tokens. Many bounties and airdrops block people from the US.

If you're not confident enough to send some of these ICOs your documents, you may not to do bounties for them. They're probably a scam most likely. I suggest finding quality projects that you won't have a problem sending in a KYC or find bounties that don't require any KYC.

UserU

hero member

Activity: 2128

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

I don't mind actually.

After all, Google already tracks our identities, locations and preferences.

There's no way to be totally safe from prying eyes while being on the Internet.

CRYPTOWOLF_BOT

newbie

Activity: 98

Merit: 0

Quote from: Byzantium101 on June 02, 2018, 01:09:24 PM

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.

You're making a valid point with the fence painting analogy. Privacy has always been paramount for me, and the KYC for bounty hunters being a mandatory part of an ICO must be highlighted in bold (and probably some neon color

) on the front page of the respective Internet page, be it a website or a dedicated thread on here.
I would be enraged if I had to deal with it upon completion of my required tasks.
The solution to this is to inquire the bounty management before you start anything.

heavenknows

newbie

Activity: 192

Merit: 0

I think you can do KYC for a bounty. However, you only choose the correct project at the same time the legitimacy of the project. If the project is very much hype. Then i would think submitting my kyc is good but with details blurred

AravinthP

jr. member

Activity: 154

Merit: 1

The Next Generation Distributed Smart Network

i am not sire whats the fuzz is all about, its better if we have kyc

Len_nin

jr. member

Activity: 131

Merit: 1

xCrypt

Quote from: eroejoe on June 05, 2018, 10:05:52 AM

Quote from: Byzantium101 on June 02, 2018, 01:09:24 PM

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 think that's not worth giving our personal informations. I rather do bounties that doesn't require KYC.
Also, I hate when they want me to send KYC after I finished campaign or airdrop.
It's kind of arrogant to ask for such informations for $5.

Absolutely agree,they expect too much and i'm not ready to share such personal info.There are lots of other bounty campaings which do not demand it from me

without_my_moufles

member

Activity: 192

Merit: 25

Why not? Crypto world is becoming more and more regulated and KYC might help to reduce fraud including bounties.

apimembership

full member

Activity: 448

Merit: 124

If it is worth it and their project looks solid and trustable, why not! i dont bother to share my info with this kind of project.

mamichula

sr. member

Activity: 308

Merit: 253

No, but I understand that since they are giving the coins away I guess they kind of have to be safe. But at the same, since you didn't actually give them any of your money, they really shouldn't.

Avalonist

jr. member

Activity: 112

Merit: 2

I wouldnt worry if Bounty company will ask for my KYC.
Im not that paranoic, what will they do with my documents?
Is there anything illegal they can do?

Topic: Would you do KYC for a bounty hunt? - page 2. (Read 769 times)