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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.

Unfortunately we have to do it else it's our loss. They won't lose anything but we lose our hours of hard work. Most of bounty campaigns will ask for KYC upfront or atleast they will announce it.
Also KYC could avoid multiple account bounty abusers.

it seems like ICOs should know beforehand that they're going to demand KYC.. but maybe they keep it quiet,
until people have bought/finished the bounty campaign?

If they were open about requiring KYC, that could likely lower investments a bit since many projects doesn't appear "100% professional",
and would make people avoid giving their info away.
Same for bounties, demanding KYC would probably make alot of people not join any of it. I don't know the legal aspects, but why is it necessary?
Isn't the bounty just "giving away" in a way, it's no money exchanged so to say.

If they're upfront initially I see no issue tho, at most it would damage their own project sales to demand KYC for bounty hunters,
but those who add a KYC demand afterwards, that's really bad, and a really bad sign in generall since either the team didn't know about the legal aspects,
or they intentionally chose not to disclose it.
(KYC can also be good and show it's a serious project, if announced from start, since it shows the team has a good idea of what they're doing, legally-speaking)

I personally have only ever given my documents to one project and I have changed my mind about investing in numerous projects,
after hearing they demand KYC. Partly it's because they anyway have cheap presales for big investors and the price will likely dump shortterm after launch,
so could just grab them at that point on an exchange without KYC, and with that, not having to risk my documents being used for something malicious.

A project that fails might do a sale of documents on the deep web or something, noone would really know the source of the documents.
If they fail, part might be because of technical reasons, and they end up being hacked and documents, emails, passwords gets stolen, because they suck.
(just speculation, no idea if this is the way to go about selling documents)

So to summarize I'd say it's better to be really cautious when it comes to KYC for bounties or just regular investing, but if you do bounties you atleast
wouldn't lose any actual money if they tell you about KYC afterwards. But if it's a good project with a legit team and all that, sure could do KYC for the bounty.

on that topic I did write a thread (https://bitcointalk.org/index.php?topic=3752728) about analysing ICO teams and such that might be of use :D

If you don't like it then walk out. If you think it worth giving your KYC details then go for it. 

What comes first to you?
The promise of the money or your anonymity?
You need to know your priorities.

Which bounty management group asked you your ID's?

---

No, you don't. It's your loss if you give your ID's to strangers, it seems you are not aware of it...yet.
I bet your fingers hurts.
Yeah, that must be the reason.  ::)

It really depends on the project itself. I really do check the projects before I apply for bounty tasks, so all of those projects would get my ID, too. But I have to say that only 1 out of about 15 projects required my ID for bounties ...

I think you are missing the point of the OP. Is not about keeping anonymous, is about sending your personal documents to someone. They may end up in the dark web for 10$ a piece.

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

KYC is important but it can be a pain to carry out and there's the worry that people will use your info as you've pointed out.

Check out Blockpass - we're working on a self-sovereign identity verification app which would give you the ability to 'anonymously' KYC. We're working with Edingburgh Napier University on Zero-Knowledge Proofs amongst other things to further this goal but we already have the first version of the app available on Google Play and the App Store.

https://blockpass.org/
https://www.napier.ac.uk/about-us/news/blockpassidentitylab

I think this situation will make member of BTT to two type,

• Agree because it will avoid fake account.
• Disagree because bounty hunter not use their money to have token/altcoin, but they work to get it so they don't need KYC to join.

For me, i will join bounty with KYC, if the bounty manager can guarantee my data is safe. but if KYC will send to project developer, i will walk out, because we dont know, (sorry) that projects will scam us or not.

I think KYC is needed for ICO investment and also bounty hunters as shareholders, this is done to avoid the state rejects cryptocurrency although I a little bit objected

How is that better than CIVIC, SELFKEY and THE KEY projects?

The bounty manager does not hold, verify nor has access to your data. It is the promoter or an identity verification partner and no-one can provide legal and physical 100% security.

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 have seen this kyc as nothing when i started participating in bounties. i saw no issues with it but not until after giving out my main email address to this people. i found out that i receive not less than 10 to 20 email a day, requesting that i join airdrop, new bounty alert, promotional email and sometimes some irrelevant message that is not written in english or poorly written english. 
I don't border reading or unsubscribing, i just block the sender and all their future mail goes to spam which i don't open or read.   

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.

Oh! I see, I am sorry OP and thanks paxmao.

Well this is unfortunate. I would not give my ID to a company which could not even establish a reputation in the market yet. If I was you then I would report the bounty thread and would create a scam accusations thread against the ICO and the bounty manager.  

Because of this KYC, I am picky which project to promote. At first it was okay, because I was a victim of these scumbags who is using my email address and telegram username for airdrop, the assurance for me to receive my airdrop token is through KYC.  Then a lot of airdrops turn out to be scam .Therefore, KYC is risky, so you have to be careful first  which project you are going to promote.

That's exactly my fear with these KYC for bounties.

While I understand that Bounty Managers and ICO organizers need to have real people marketing their project, it's really scary to upload your personal documents to a recently created website that you know nothing about.

Hopefully we get to a middle term regarding this.

There are currently no truly self-sovereign ID solutions available and our partnerships with Edinburgh Napier University is geared towards this goal. We also do not hold any information on the users - the only data is stored on the users apps. The way we integrate with merchants is also different as we don't require them to lock into using Blockpass for set times or put any other conditions on them. We also offer discounts on the KYC for merchants and we are implementing a reward system that will encourage merchants to verify further certifications.

In the long run, we aren't simply providing a KYC solution. Blockpass' ultimate goal is to provide identity for humans, companies, devices and objects on an IoT level. The human aspect is simply the first part that we are implementing.

No worries Bro  ;D I was not very clear perhaps. Anonymity is also important for some people, so you are right, you have to choose that too.

 :o That´s is a bit dramatic I think  :'(

But anyway, the subject is really important. People are victims of identity thefts in real life - a guy I know got a credit card and ID stolen and he had to give long explanations about several hefty sums spent under his name on some betting sites. And I have heard of cases in which an email and ID were used to use a Paypal account.

Even one ICO that was legit, Experty, became "famous" for a identity leak (https://www.reddit.com/r/CryptoCurrency/comments/7t9sfy/experty_ico_hacked_data_leaked/). It´s a concern for many people, more if you have plenty of money.

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?

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.

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.

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

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

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

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

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.

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.

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.

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.

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.

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

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.. ::) ::)

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.

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? 

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.

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!

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.

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 )

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

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.

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 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.

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

I think better to choose bounties without KYC, but some of the bounty managers can be rely on actually

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! ;D

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.

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

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??

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 (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.

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 :P

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.

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

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.

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.

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.

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.