Bitcoin Forum

Get in there and tell em what you think about KYC for bounty hunters!  There is no use for us to sit here and tell each other how dangerous and wrong KYC is.  Let your voice be heard.  Do not let these projects take off or you risk loosing crypto as it was intended. 

https://bitcointalk.org/index.php?topic=3092538.new#new

There is a reason why team asked for kYC for bounty members, they need to protect themselves from government regulations. They need to make sure those investors into their projects either investors in cash or kind are strictly abiding by thei rules. I think with more clarity coming into the space things will get better

Freedom regulation is very needed now to prevent that the project collect money for criminal such terrorist or something dangerous else.
So KYC is not always bad in my opinion. The regulation also make sure that people who involve in crime join the project. I just think positive

Not all the countrie has regulations,and KYC should only be asked if and only if the ICO is residing in the U.S premises,SEC has too guilty of bullying these ICOs outside the U.S too but it isnt necessary for these ICOs to have KYC if they arent residing in U.S,because the SEC isnt untouchable that is they shouldnt be feared.

Wont be a good thing because i have heard that some of the hunters have seen their IDs sold to the darkweb,we can still get these coins when these projects got listed into exhanges,so no need to undergo with these KYC verifications because not all the ICOs can be bullied by the SEC,only those projects who cannot hire a good lawyer would fear the SEC's regulations.

I am very negative about the fact that bounty participants need to provide their documents. I think that this is a violation of constitutional human rights.

Of course KYC is good option to prevent money laundering and I understand why projects ask investors to pass it.
However I don't understand why bounty participant need to provide documents.

I see no reason why we need to  protest  against KYC,  all bounty campaign will always have there rules and regulation, if it suit you you join if  not  you opt  out, KYC also help to reduce cases of spammers and people using  bot  for bounty to cheat.

LOL,if you really understand why would risk your IDs for these people?do you know the SEC's regulations only concerned thos ICOs residing in U.S ?  Do not let these ICOs get your IDs as well as your banking statements because i have heard some of these ICOs are asking banking statements too,what the heck is that for? ID+BANK DETAILS = FRAUD.

Okay but do not ask why if someday your informations was sold in the deepweb,fraudsters will always have their way to user other's information for illegal activities such as identity thefts,good luck with joining these ICOS and i hope your privacy would be intact in the upcoming years.People should be more aware to all the posibilities with these KYC verifications.

There is no reason, it is nonsensical and it just adds to companies getting hacked all the time. We need less of this, the amount of good KYC does versus the bad it does is insane. The benefit is so little that the risk is not worth it, don't know why regulators can't see this.

KYC is very important is mass adoption and this will be in almost every ICO that comes on the market and for sure in bounties also so you cannot hide identity soon

We are decentralized community and these ICOs are unregulated why would it be important? the risk of loosing your identity or having some identity theft is bigger than tha gains you will get from joining these ICOs.Do you really want your privacy be compromised? do you know that if these people got your information it could be used to frauds? banking statement + id = potential fraud.

This is nonsense. Participants of the bounty do not invest their money. It's not the same as investment. KYC for bounty participants is stupidity. I do not agree with this.

        I think the reason behind kyc is to prevent fraud and bots. But i think also implementing this rule broke the annonimity of every person which against the freedom of using cryptocurrency.

We shouldnt be supporthing any of these ICOs so that they will be forced not to require KYC verifications especially those ICOs that are residing outside the U.S,they shouldnt be worried about the SEC regulations because they are exempted with that regulations,because U.S citizens and states would only govern that law.

I will never join a campaign with KYC. This KYC is useless if you use it bounty and you cannot trust the person who will collect this ID's. It is ok to have a KYC if it is a government institution that will act as escrow.

That's what i am talking about it is not acceptable for me to give my documents to random people for bounty campaign, I think it is unsafe and not normal.


 

Here we are talking not about investors, but about bounty hunters, that is, participants in the campaign of generosity. No government or regulatory body requires that KYC be verified against members of the generosity campaign. Such a check is only carried out against those individuals who invest their money in order to avoid money laundering. Participants in the generosity campaign are not investors, and therefore are not subject to such verification.

I think if someone decided to do money laundering he will simply buy any crypto on market or exchanges... or right here on BTT. Why those bad guy have to invest on a strange ICO with doubtful idea and perspectives?

KYC is not completely bad, but I think for example the amounts lower than $5000 don't required to be given identity information. Because if you will receive $20 giving information is bullshit.

I do not agree any bounty participants have to fill the KYC I have followed a number of projects that must fill the KYC but I always fail because I do not have my fan passport lost payment

Sometimes you win sometimes you learn. :)
Meanwhile sometimes projects want our KYC but  pay nothing cause they are scammers or can't collect even softcap.

I have a negative attitude towards KYC. And as a member of the campaign bounty, I will never transfer my personal data to projects that do not have a license to process and store personal data.

I won't even invest in this project.
Because I don't understand why the reward thread needs to be verified by KYC data, in my opinion, this is meaningless, and our KYC data cannot be well guaranteed.

I think that this is a bad practice. Who can give me guarantees that my documents will not be stolen by hackers? No one. I do not participate in these projects.

That's right, but unfortunately this rules are not necessary in many countries. That's mean If ICO release tokens abroad Russia or USA or China they haven't to get a license for collect investor's ID and personal data.

Government regulations is not the ideal thing for a decentralized system like ours. Government  is looking for one way or the other to always exercise control over the people. Forget what they would say that KYC will help protect investors funds, what happened to the stock exchange markets, was government not there? We should not buy their idea and put ourselves in jeopardy.Bounty hunters should be cautious of the kind of information they supply when filling the KYC forms.

if everyone starts to write it will not change anything. And I find it very good that they warn about kyc at the very beginning rather than at the end of a bounty companie as others usually do.

I'm not satisfied about the KYC rules in Bounty it should be discreet. However if government should do this all the time and if there's a malicious thing will happen to us then we can blame them. Cryptocurrency should be private.

I am not sure about that project nor have i heard about it,i would really pass when there is a rule to pass on my identification details ,i am not sure how secure they will be with my documents and what they will be doing with it,so i would not take any risk and you have to freedom to avoid those kind of deals by simply not participating in it.