Bitcoin Forum

I’ve just let this post in the Bounty thread of the REMCO campaign
https://bitcointalk.org/index.php?topic=4989188.msg45033426#msg45033426



It’s me or it’s really scary ??

It is scary I agree. If nothing else, at least they are letting you know in advance, so you can move on. I would never participate if KYC is needed, and certainly not if they are going to make the data public. With most of these ICOs, even if the KYC data are not public, who is to say they won't sell your data on the black market? So no thank you.

In a few hours, already several dozen people who did not hesitate to post their identity "in clear" on the web...

And we are in the field of cryptography normally!!

In this situation, we again need to think and analyze which team we are giving our data to. If this is a reliable team that is building a serious product, then I do not mind checking out KYC

It’s not really a team problem, maybe the project is strong and legit and the team reliable.
But actually, because their participation in bounty campaign, dozen of members of the forum posted their personal informations on a PUBLIC spreadsheet, included name, surname, email, Eth address..
And Internet never forget !

I just checked their public stake spreadsheet this really horrible why are they displaying full name of participants. For bounty campaign email address, BTT forum user name, social media accounts links and ERC20 wallets are enough but including full name can harm participants future. I am not against bounty campaign which requires KYC but they are displaying full name which really questionable.

I think that everyone who disclosed their personal data will inevitably have problems in the future. Any monitoring authority will be able to request this data, and this will be worse than hackers.

Bounty and kyc for me are a good prospect, since it gives me some sort of guarantee of payment, for stealing documents I'm not worried this canopy is only for 2 persons, ie you and the bounty administration, for which they are responsible, and it is not worth it so bounty with Kyc is the best bounty in my opinion and do not worry about the documents)

I think bounty managers are taking the risks of identity theft very lightly, it's a real risk that can damage your life forever, when you give your data you don't really know where it will stop and what it will be used for, so you have to ask yourself if it's really worth putting your identity at risk for a few tokens?.

This is the first time I've seen this...

And you?

I did not get an answer to my remark in the Bounty thread, I will insist a little to know the position of the BM

I have read a lot of complaints about identity theft from public spreadsheets. There's too much information being displayed. I have also read some accusing some of selling out private information gathered from KYC. It's a risk one has to take for bounty hunters, joining a campaign is a choice after all.

KYC is really scary as there are so many SCAM ICO.
But if the ICO is finish and the team wants to have KYC then its OKAY.
As long as it is a 100% success. that will give assurance for the people that it will not be a scam.

Identity theft is made possible and easier now with ICOs and Bounties requiring KYC for participation. Highly debatable is the competence of these guys to handle the mammoth personal documents they receive and safely. Being careless about them exposes the owners and puts them at risk of theft by identity criminals.

It's a serious issue.
Don't join these scam bounty + kyc projects, they will stop asking for it when they see people don't have any interest in them.

It's really terrible. That's exposing too much information on a public document. Like you've mentioned, public sheets should not have any personal identity details like real names, etc. This is one of the reasons a lot of people in the space are vehemently against the introduction of KYC by ICOs.

it is really very high. i have alreadyy witnessed so many news about it. there are so many thiefs that steals kyc documentations of the icos and sell those id details to other people. we should be very careful when sharing our private documents.

It is really scary because the risk of identity theft is so high. Even if their ICO has succeeded, you still do not have a guarantee that they will list on good exchanges and get good price thus increasing the risk of the team selling that information out. Also, if they(or their google spreadsheet used in filling up KYC) got hacked then that personal information will also be compromised.

Disclosure of their personal data for general access, of course, carries some risk. All these problems of KYC with the legislation need to be reconciled so that there are security guarantees.

Again, KYC is not a problem in itself.

(And this will probably be the rule for 90% of projects in a short time)

On the other hand, ICOs (and Bounty managers) MUST take the confidentiality of the data they receive seriously.

Yes, it is not safe but if I earn more money with the help of this then I ready to send my documents for KYC.

It depends on one's experience and choice. If you knew you could trust the bounty and its platform, its manager, and its team, then never hesitate for showing who you are. It is just like registering for a job application on their company hence they must know you first before they give such salary and rewards with your work. Although you mentioned a specific bounty as they made their spreadsheet public, it is not that kind of risky as long as you trust them. And if they would end up being only a scam, then atleast your tried to participate with your own will and given your full trust. And also, why bother identity theft at all, it is already a risk of using the internet.

Doing the KYC of a project is not an issue for me. My concern is about some projects that would announce KYC after the bounty. This is very discouraging and most of those coins turn out scam.

KYC could be really dangerous if your documents will be theft by scammers . Scammers can take a loan using your documents or simply visit your home (remember they know everything about you , because you send them your docs) to threaten with violence and rob you of all money, including money in your crypto wallet . So think twice whether KYC worth it or not .

Kyc can be really scary
But it does have an advantage

Most kyc asks you to write in a paper mentioning the name of the project
That’s a reason why it can’t be sold to any black market because once an edit is done

Everyone knows it’s not real

Still now, i never seen or hear anything that KYC information leaked and hackers hacked something. But that doesn't mean nothing will happend in future. In this world, risk is always avaliable, so in future may be hackers do something unprecious with KYC information. It's 50-50, i think project team members do something new that it feels us secure always.

Bounties asking of KYC I think it's not too risky as such. Your documents will be given to the devs so if anything do happen then you have to Hold the project responsible.

Just stay away from these scam ICO's that ask for kyc, no need to share your private info for some few tokens, which may have little or no value at all.

I have never for once like the idea of imposing KYC on bounties. I don't want a situation whereby your personal information or identity will be stolen. Most of the companies abandon the data after their ICO.

I think that bounty with kyc is very vulnerable to data theft, in my opinion, as a bounty hunter, I have to be careful, I prefer to participate in the bounty campaign as usual without kyc on bitcointalk

Of course you run the risk of Identity theft.  Also your can have your documents stolen multiple ways.  Hackers could grab it during transmission.  You could send it to a scam ICO.  The place where they store it could be compromised at a future date.  An employee for the KYC company could sell the information on the side.  The list is endless.  Sending yoru documents online is pure insanity. 

it’s really scary. such data should not be public in a spreadsheet. that really invites you to data theft. moreover, it is a bad sign if a ico handles so badly with the data of the customers.

If it's like that then i won't bother to join the bounty and fill the KYC if all of our private data is exposed to the world.
It's like giving the key to our house to the theft and says "please come in".

It's terrifying.  There were already members on this forum who's Passports were on the dark web for sale.  If you sent in your passports I'm afraid it's already too late as you have sent a digital copy of your most important document and it will forever be out there on a database waiting to be hacked.

I think this is a difficult choice, on the one hand the bounty hunter wants to protect his personal data from things he doesn't want. but on the other hand the developer must have complete data for all token holders and possibly to eliminate cheating or bots often occur.

And I agree. These information must not be easily available on the public view...cautious should be applied considering that we are now entering the era where information can be utilized for any kind of criminal act jeopardizing the real owner of the information. Before I was not too careful with my information but things are so different these days. In my view, leaders of this industry should come up with a good guideline on this matter. And yes, even this forum can be helpful if guideline on information is published. Privacy while still doing business must be part of the equation.

you are right,but if Kyc is really needed to help the development team to develop their projects then I have no problem with that, I will still join the KYC bounty if the project is really good

That is the rules and we should follow if want get pay, don't like just leave it. KYC is simple and also have risk public will know our identity, if you scare about this like me just go and find another one with out KYC. Don't think hard about this just focus to make money and increase our skill about crypto is better.

They are teaching my 4th grade son about internet safety.  You never ever reveal yourself on the internet and you sure as hell don't send passports over the internet.  Are you guys kidding me with this shit?  Your sending your passports over the internet with all this identity theft taking place.  Oh man you guys are going to get destroyed. 

Use the KYC is indeed very risky and identity theft or hacking identity is indeed not very good. I would consider before I make my decision to let KYC is not wrong. And from my experience, the bounty with KYC was very nice results.

It's already begun.  I think there was an article floating around talking about how people we thieving passports running KYC scams.  I also know passports can be bought online.  I'm sure some of our forum members are victims as one person was declined for a ICO because he had already signed up!.  So he obviously has his passport being sold and traded on the web.  Hopefully no one does nay criminal activity under his name. 

Unfortunately there are bad actors involved in everything in life so sending your identification over the internet is a no go for me.  It seems like common sense.  With everything going digital if your identity is stolen your completely screwed.  Your life can literally be taken over and as technology progresses this only gets worse.  i feel for people making this mistake.  KYC will cost you dearly in the future as your information is bound to be stolen. 

Well, you can easily make a fake KYC in bounty specially if you have a multiple account in one campaign. Some of my friends did that for such a good and bad reason. They want to hide their true identity to avoid some misused of their information. It's your choice to create a fake or real one, as long as you feel safe or not or depend in every situation/scenario.

I am not totally understand what will be if my indentity is left.
For what it can be used ?

Since the first time i know that some project asking to perform a KYC for the bounty campaign.
From that on, I've always tried to avoid project that requesting for that, cause i think it making the cryptocurrency world missing it's anonymity.

Yes avoid these projects.  KYC is an information grab and is not legally necessary as they cannot prove identity online.  These KYC firms will then store your information and when they get tight for money will sell your information or worse suffer a security breech where the real scum get your personal details.  I can't believe it's 2018 and people still don't know not to give your real information out online. 

We need to avoid some shady project about the KYC, there's a lot of fraud project now a days. Maybe you can send your real KYC if the project is exist a long time ago and have a good history backgroud. That will be a good assurance to avoiding on exposing your real information.

For me in some ways it is ok that they put KYC in their bounty to protect their bounty with the scammer so the member can only join in one account not in multiple account. It is unfair to the bounty manager that there will be a people who join with multiple account because there is no KYC.

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Never bother about those noob and greed,because they don’t care about anything here but for MONEY only,even if this will taks their personality and may involved in criminality soon because of recklessness.

I will never join those damn bounty’s that requiring KYC into public information,i am not hiding anything in bad reason but this means staking my personal life together with my family

So i would rather not gain a single amount here than risking all of our lives

You can not be completely confident in the reliability of the ICO team, because scammers do not show their photos and data as their team. Given that the number of fraudulent ICO projects is now very large, it seems to me that I should not risk my identity and copies of my documents and pass them on to the ICO teams. In addition, in my opinion, the requirement to pass a KYC test for participants in the ICO generosity campaigns is generally illegal. This check should only be carried out by investors, we are not advertising investors for ICO projects.

currently, kyc is still being a problem for bounty hunters. we know that in kyc we have to collect our personal data, and we know it will be very vulnerable. if it is not used properly, it can be fatal. therefore we must be careful in choosing a bounty to follow.

That is really scary but we can not do anything else. We can not do a demonstration when all the activity takes place at the Bitcoin forum. I think the implementation of KYC is unreasonable and I hope the project will remove this rule. I was afraid of my identity being sold to many others, it was an obsession.

I for one have submitted a couple of my kyc to many projects only to find out that the storage of these precious files were not ascertained and there is a risk that my information can be hacked and used for terroristic activities. So better if you join projects that do not require kyc this is for your safety also.

I looked at the topic with bounty, there are already enough participants. But I will definitely not participate where identification is required. it's too risky. there's a lot of risk in this area, why expose yourself to more.

And what if you participated in an ICO that lasted for months and at the end of the day, you are told KYC is required what would you? would you abandon the tokens you have earned and move on? or will you do the KYC?

I usually dont participate on some bounties that has KYC and it will be shown to public . I am afraid that some people will use my identity in some suspicious crimes .

There is a bounty campaign I joined 6 months ago. After the token sale, they request to the bounty hunters to pass KYC so that we will recieve the payment. Bounty Campaign done in 6 months and I cannot regret to pass because everything of my works will be ruined. However, the total allocation for bounty campaign was deceived to us and I cannot blame nor block mail the owner of the ICO anymore because my identity was showed already. In fact, I worried to my security once I post a scam accusation about him. Maybe, KYC is not always done by good campaign and they tend to make it because they want to see our identity.