Bitcoin Forum

Some Bounty Managers are Already Responded about KYC* requirements in Bounty Campaign and Already Included in Bounty Thread Since the first Posting of the Bounty Campaign thread Thumbs UP *and to other Bounty Managers Kindly Include if the Campaign you handled is required to do KYC for Bounty Hunters.

The way I see it is that this will decrease the quality of posts in the long run instead of improving them. The people who are old in the forums, understand crypto and have high quality posts yes however, they also like to stay anonymous. In fact, It could be the reason why they started using crypto in first place. KYC will simply push people who don't care about their privacy and most likely the ones that only care about making a quick buck and maybe a minority of good quality posters.

If the bounty thread needs KYC data, then I don't think I will join.
For now, most of the bounty threads won't get much token, and the risk of submitting personal data is high.

Yes for some people it's good but I think that it will just decrease the no. of participant who are a fan of doing bounties and also to those people whos bounties are their primary source of income. I am in hunch that these KYC can result of people's Identitiy theft. Futhermore, the campaign and the project will know that their investors are legit but how can bounties participant will know that the bountie they re joining is really legit?

It depends on the project that handled by bounty manager.
Bounty manager just do as the dev of project want. Some bounty on first not requiring a KYC for participants, but in the middle of event the dev ask it. This is not pure of mistake of bounty manager.

Lolz. That will end up with bad reputation of the ICO project. Most of them will complain about the ICO's asking for the KYC docs which participants might not be willing to give away just like that. In the long run number of participants will decrease badly and thus it will not help do the marketing for most of ICO. They will fall out of the crypto investors and thus the project will not even get started without investors and might become obsolete soon.

well i think asking KYC for bounty or airdrop is ridiculous. KYC should be and in fact it is for the customers who contribute some substantial amount of money in the ico. Bounty hunters or airdrop participants most of time lets say 70% of the time are students who want some little cash and they manage to earn it through their social media presence.

I am not giving my ID to any campaign for the following reasons:

1 - There are other ways of checking that there is a person behind the alias.
2 - There is a high chance of the ICO being a scam: KYC is expensive and it makes no sense to do it for Bounty Hunters, so if they are doing it they are probably going to sell it in the dark web for profit.
3 - No bounty is worth having my ID documents on god knows which database and god knows what security measures if any.

So, for those campaigns that require KYC for hunters... good luck. And for those that decide to do KYC AFTER the campaign, be sure that you will be named and shamed for a long time in the forum.

KYC for bounty hunter is wrong in all respect! The Idea of KYC should spur dev to a solution that will make KYC irrelevant and boost investors confidence in the tech that enable free market entry and exit! KYC scourge is a serious problem for the value we hold dearly in cryptocurrency!

I agree, that is the right thing to do in order to be transparent from the very beginning. Some bounties have never mentioned KYC until the campaigns have ended..

Agreed with this statement, even I, myself avoid participating those campaign or any exchange, campaigns that needed to pass KYC. This is becasue, I simply like to stay anonymous in crypto world. KYC shouldn't be needed for airdrops or bounties, this an unnecessary option.

So KYC helps to increase bounty payments. It will be more difficult to participate in one bounty from several accounts.
I cannot interpret these changes as uniquely bad or good. There are pluses and minuses  ;)

I do not like this problem. I do not want personal information leaked. I suppose bounty hunters do not need KYC.

I wouldn't willing to participate to those campaigns which require KYC. But at least it is honest when they ask at first than they ask at the end of campaigns without any indication at first.

I agree that KYC should only be done for ICO investors and not bounty hunters. But if they are going to do KYC from bounty hunters, they should check the amount of token they receive if it is big amount of token then maybe they could implement the KYC, even if it is wrong to do for non-investors for me, for bounty hunters because of receiving big amount of tokens.

The KYC clarification must be made from the beginning of the campaign. KYC forms always happen at the end of the campaign without prior notice. but we still have to obey the rules made by bounty managers.

I think this is not the manager's decision. I think in many cases this decision belongs to ICO team. If the team close the bounty for ex. for USD citizen, the bounty manager holds responsible bounty participant about KYC.
Daostack team gives ETH as the reward to the bounty participant. They don't want to give their coins to the citizens of the restricted area for ICO and even for bounty.

I totally agreed on that,and even those not so old here has same reason why instead of banking they choose to be here,because of privacy that is i guess rights of every individuals..
Not because we want to hide something not good,but its about security and privacy and requiring kyc will only lead us in the edge of safety and vulnerability.i believe that in some point that must be abolished

It's a good idea, since the first time an ICO program deals with KYC,,, participants will be free to follow the program or not. So if there is a participant who still decides that he is aware of the consequences. While I myself chose not to follow the bounty that requires KYC, because I do not want to share personal information to foreigners.

I think if BM use KYC for bounty hunter maybe because he want to safe projects from bounty participant who use fake account.

if it not safe for privacy, bounty participant can skip it or research bounty manager before join campaign.

You have a point there buddy but i think KYC is one way of combating cheaters in a bounty campaign, specifically registering multiple accounts in a single campaign. In my opinion those people here that does not give up their identity are those already successful in this trade and we can call millionaire so giving up their identity would compromise their safety.

Firstly, it is necessary to point out the KYC requirement at the beginning of the campaign, in the ANN thread. Furthermore, I think this is a good option to reduce spam, but many people prefer crypto because they can invest their money anonymously.

there are good and bad about KYC included in bounty campaign. if you don't want to join then don't. there are other bounty that don't have KYC. there are many fake accounts in this forum and they can't trace them all.

It will very good if all bounty managers will make the common topics rules such as ICO start and end date, KYC necessary, report form etc. It will make bounty hunter's life easier.

I've opened a topic for this a few weeks ago and I've seen a topics too in the meta section. Well I would just say each of everyone (participants/Bounty hunter) We should be responsible for ourselves because giving an information to the internet may cause threat or problems to us specially if they use your documents to frauds.

The KYC is used for the investors to know their credibility as an investor and to control money laundering. So if it's a requirement for bounties here are the questions.

1. Why I would pass KYC if i'm just a participant of bounty (Promoter of the project) why do they need my identity?
2. What's their purpose?

Well we can't control people if they want to pass, then pass it. We should be responsible if anything happens. In my opinion stay away from the bounties or airdrops that needs a KYC as one of the requirements.

maybe that's a good idea, but at least you can find out that the bounty project you are following will require KYC. and it's easy for you to search and make sure. if you always try to learn and read from the official website is usually always notified before will require KYC. and may ask for telegram.

Good to hear that op, that some managers were able to respond positively to the sentiments of the bounty hunters that bounty thread should have written statement whether KYC is required for hunters or not. So that the hunter would not be surprised at the end of the campaign and can decide right away if the hunter doesn't want to undergo dreaded and long KYC process for this might be used for identity fraud and your identity might be compromised.

I renounce such bounty campaigns. There are just too many scam ICO out there. So I don't want to give everyone my personal data. Maybe only if I am 100% sure that it is not scam, I would do it. But I can never be 100% sure.  ::)

Thats the primary objective to inform the Future Bounty Participants that this specific Bounty Campaign has a (KYC requirements) in order to recieve Bounty Payments, this is very Important and rigth thing to do. Announce it first in the Bounty Thread and Let the future Bounty Participants  decides if He/She wants to join the Campaign that require to do KYC. its a privacy issue and it matters thats why its a very Important topic. Thanks to those (Bounty Managers) who  Already responded positively.

This is still the problem. We, as signatories of the ICO signature campaign, are required to provide our confidential data and copies of our passports to persons who themselves are not identified anywhere and are likely to be fraudsters themselves. In addition, we do not even know whether they are entitled to require the participants of the signature campaign to pass a KYC test, because we do not invest in their projects.
I personally try not to participate in signature companies where KYC is possible, however attractive the ICO project might seem. For me it's important.

after all, they say it to you beforehand and not afterwards, that you still have to make kyc. i like that. so everyone can decide whether he wants to participate or not.

You know there's alot of fake members here with us so i think they use that kyc requirements to to keep them away from the campaign, and of course they should say from the first minute if there will be kyc or not in that particular campaign

For me, this system of verification has not affected. Because I provide only the information required from me, and what they require, can not be used. The passport can only see the name and photo, the rest I cover up and it works.

That is ok than to implement kyc at the end of the campaign. I think it is fair enough to announce kyc at the beginning in order to be followed accordingly. Transparency is important.

KYC is good to identify the alt accounts but already merits system is runs successfully in Crypto market and some peoples are not ready to submit personal information because many hackers are available in the market so they are not giving the personal data. In current scenario no one ask the KYC I don't care this requirement.

If the bounty manager requires bounty of participants to perform KYC it is actually good to reduce multiple accounts in a bounty campaign but it can also be detrimental to bounty participants because their personal data can be misused for crime.

I advocate the introduction of KYC in the bounty

This will clear the ICO market from scammers. The creators of the project will receive high-quality work from the bounty of hunters and reduce the risk of bots participating in the bounty

Yeah, I imagine it's to stop people multi accounting, it's obviously not a legal requirement as we aren't customers. Personally I'll avoid those though, not giving some random people my passport details haha.