Bitcoin Forum

I just want to say that KYC for bounty is BS.

Out.

I'll second that, and I'll add that it is especially BS when asked at the end of the campaign, which happens from time to time. It's fine though if they CLEARLY and OPENLY state that KYC is required at the beginning of the campaign. Than we can choose to opt out and no harm is done.

If they announce it at first then it's not a big problem but some campaigns announce this at the end of the campaign which I call bullshit

bounties usually require kyc to eliminate multi-accounts.  but it's better if they announce it before the start of the bounties because not all who doesn't do kyc are multi-accounts.  many participants prefer to remain private and feels that giving kyc details is risky.

hyperatomically bullshit.

Indeed, if, at the beginning, the bounty thread indicates whether KYC is needed, we can opt out if needed.
However, many shit bounty threads say not need KYC. However, when the bounty is about to be distributed, it suddenly requires KYC, which is disgusting.

Yeah it is frustrating to see bounty programs doing it oftentimes. This will cost a lot of damage for those who have no IDs. Essentially, they should announce the KYC beforehand or make a note that KYC is probable so as not to jeopardize the bounty hunter.

Kyc is only for costumers/clients, but to implement this kyc in bounty,  this is wrong,  why? First, we all (bounty hunters)  want to stay annonymous in crypto,  and no one from us wants to reveal this, as long as we are not a costumers/clients. Somebody says kyc is to prevent multi account or alts which is not true, they want to start our job for free advertisement and at the very last part of the campaign, they going to announce that they were going to have/implement a kyc for those bounty participant which is we dont want to supposed to do. I do really hate to be part of the campaigns that has kyc.

I Agree the purpose of kyc is good to avoid and prevent those cheaters but the purpose of bounty is to advertise their product/project to gain some exposure. But I think as long as you do your job in a campaign there is no reason to have a kyc. kyc is suited for investors. some kyc won't allow like US Citizen so if they didn't announce it from the beginning its a trap many bounty managers abuse this method.

I must say KYC is the killer of cheaters lol personally I did not participate before in the bounty with kyc and I can see in some telegram bounty groups that this is one of the hot topics everyday I can see asking if kyc is needed for some payouts and then if kyc is required some bounty hunters are really disappointed its the company rules and we must follow otherwise if you are a cheater then youre the real bs. 

If the bounty campaign informs in advance about the presence of the KYC, then this is normal. But when already before the end of the campaign, it's nonsense...

Then better not to join on bounty campaign that required KYC, I know it is a bit hassle for bounty hunters but still it will help the the campaigns to remove the cheaters who make multiple registration in a single campaign.

KYC is indispensable in any field and I agree with you if bounty requires KYC for each participant. it aims to eradicate the people who will cheat every bounty.

I think they are doing it to prevent multi accounts but I don't think people should join those bounty programs where they want the KYC. I wonder if its even legal to give out our Passports or photo ids to some crypto campaigns? Also its not safe to give out our photos ids, they can be easily used for negative activities.

You are correct, I just wanted to advise everyone not to send your personal data just for the sake of what? pennies you going to get in a bounty? It has proven already that those those data can really be share in the dark market and you don't like your personal data being compromised. So I don't understand why bounties now require this bullshit. Please read this: Botched ICO leaks users’ passport data, calls police on guy who found the bug (https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport//).


But there are other ways to do it. But let's say they really wanted to do KYC, at least prevent its data leaked because hackers have proven already that they can get it anytime they want and sell the data into the dark market.

For now many projects require KYC and this is arguably positive for reducing cheating, but if the KYC is announced early in the course of a project of course every participant has prepared it, and if the KYC process is easier then it will not make the participants confused.
If the KYC notices at the end of the campaign are sometimes complaining and this causes the participants to disbelieve the distribution and feel aggrieved when the KYC process is rejected.

I think KYC and surprise announcements are to help get rid of scammers who might have multiple accounts in the bounty. For those honest bounty hunters it is welcomed, as it helps stop the scammers from getting more tokens then they deserve.

I don't have a problem doing the KYC.

The problem is the way this is communicated. Like you guys said, it is pointed out at the end of bounty.

The worst thing is that most times they just do it on the bounty thread and in the telegram group. They could send an email at least.

Some of us are going through dozens of bounty programs and not every day you re-check the telegram group.

I do not like what KYC should do. I do not understand why they need it, to weed out some people, and not pay?

I don't know why most of the bounty hunters hate KYC so much. I personally think is good to include KYC in your plan. It reduces number of scammers or perhaps get rid of them completely. Most campaigns with KYC are legit.

I dont see any problem with kyc but it would be better for campaign managers to announce it beforehand so that the bounty hunters can prepare the needed documents and submit them on time.

Well, if they clearly stated it at first then I'm all good. But when they ask it later on I get frustrated and I'm doubting the project. Like, they're asking too much from us already.

KYC is very good thing for bounties, eliminating multiaccounts and the control over the people who own ICO's tokens. But it would be really fair, as you write, to announce KYC at the start.

I am not participating in bounty asking for KYC. It was so frustrating sometimes that after the campaign, only asking for it. Then we are forced to provide in order not to waste aur time. But the worst thing here is after providing all the requirements we did not received any token.

when some bounty/ICO is asking for KYC it is like a thief going to the cops and asking for a license to steal.

what is happening is that these people are most probably gathering your information so that they can abuse it or at the very least sell it on the dark net to a lot of buyers who will then abuse it.

I agree, KYC is fucking shit!  Nevertheless, it is possible to earn a bit more in such a project not whimsical in terms of anonymity

i know input ur identity for kyc in bounty is quite risk
but u can't do anything about that
they have their own ruler. sad thing is many bounty using kyc for aviod cheater right now

Well, if they could then they did not ask you to provide your data, since in any case everything is processed and this time, so it is necessary according to the legislation of the country where they are located and the requirements of the tokens

Are you talking about Aitheon?

I saw that they had a KYC for airdrop which itself is outrageous, but afterwards i saw that they collect data on their own webpage not using kyc company, this is just ridiculous.

And in general I do not see why bounty hunters need to go trough KYC.

there are good and bad about KYC. there are some or many people here have multiple accounts they used in bounty campaigns in result they got more reward if there is a KYC it can avoid it. but what if the bounty that required KYC is scam then your info will possibly be sold. if bounty from the beginning announce that they require KYC could be okay but if they only tell it later then it is not okay. if we know there is a KYC we can choose not to participate in it.

Yes it's bullshit if Bounty manager start asking for KYC after the completion of the campaign, they should always release their requirements before we start the campaign.

in my opinion KYC is good for bounties because this is to secure and prevent from scammers. it is just to make sure that all the participants within the bounty campaigns are true and doesn't have multiple accounts

They should anonce it in the bigining of campaign, I don't like when some campaign requests kyc end of the bounty, it is deceiving, good bounty managers knows it and that's why I usually try to intend in bounties with proper thread manager.

I am trying to be as understanding as I can.

I image that at the end of ICO they consult legal people and decide that it is in their best interest to cover every objections from exchanges and institutions.

However it would be nice to send a friking email.

Know that frustrating feeling from around the forum. Most of the people dont like the idea of sending their KYC's to the unknown companies, entities who offers the ICO in first place. Being world wide we always need to send passport and critical document similar to that and thus it becomes literal danger for us to compromise these docs to someone. I think yes its completely absurd thing that they are asking for these from us. Plus for bounties we are just participant of the campaigns and we get rewards for that, its not the technical sell at all and thus asking for the KYC is not allowed/should be restricted.

I actually agree with the implementation of KYC for bounty and airdrops participants just to prevent participants from using multiple accounts, as cheating on a project, therefore I think the use of KYC is very effective to prevent it

I disagree on some point that KYC on bounty aren't require. they will hack our identity and can be use to some negative aspect. We need to have a good reputation in any bounties not for a bad reputation.

Maybe, but in my experience I'm getting much more from bounties with KYC than without it. Spreadsheets of campaigns with KYC are not full of participants which means that people with fake/bot accounts are not trying to participate in them, so for single-account users this is the last refuge.

basically KYC for the purposes of requests for legal umbrella. but there are many ico projects that do KYC even more so to avoid the number of farmers. we all know that there are many illegal activities from many members in this forum. I am sure they are well aware. so anyway I think this is fine when it really is really needed even more so for now.