The misunderstandings in KYC (know your customer)

[kawetsriyanto]

KYC almost becomes the issues that never loses in the crypto world. The presence of KYC has positive and negative sides. ALl about these have been told by the members in this thread.
Well, I personally don't mean to fulfill the KCY process as long as the project is trusted, they have trusted and professional team, and big rewards for it.
However, what makes me feel worried is that we offer our identity, our private card to someone that we really don't know whether they are real or not, trusted or not. I'm sure that not all KYC processor is a scammer, but, there are also some projects doing KYC and it is a scam, so for what our identity? That is what makes me worried, to offer my identity to the KYC process, because I cannot put my trust fully to them.

[airdropan]

i dont mind if the bounty asking about kyc
but the problem that not happend on first time, it happend when bounty end then we need to complete kyc before distribution
many bounty didnt ask kyc at first time then at the end they did
not all people join bounty can pass kyc

[guffie]

Maybe this regulation must be changed and KYC informed at the beginning of the campaign. So Bounty participants who want to join must pass KYC. So the Bounty participants who joined also went through a rigorous election. And some projects also have KYC at the start of the campaign.

[gurunanakji777]

I believe there is no misunderstanding in KYC even I would say there are some hunters that wants to remain anonymous on the other hand there are some people whose personal data has been misused so they will remain against it because they do not want to make the same mistake again that's the reason some people are afraid to give their personal details. Personally I don't have any issue to pass KYC to get the coins even we all know very well some project has to follow their country rules and regulations that's why they ask KYC.

[Caladonian]

I believe there is no misunderstanding in KYC even I would say there are some hunters that wants to remain anonymous on the other hand there are some people whose personal data has been misused so they will remain against it because they do not want to make the same mistake again that's the reason some people are afraid to give their personal details. Personally I don't have any issue to pass KYC to get the coins even we all know very well some project has to follow their country rules and regulations that's why they ask KYC.

For honest if in case there's real chance for developers to know if they are trustworthy, but considering the risk KYC still being questioned by many hunters who's joining the campaigns, as they doesn't like to complete this task as potential of risking your personal information.

KYC will still unclear for people who didn't bothered to weight  the real essence and reason behind, developers / bounty managers are still in control
about how to handle things like this,.

[maculeth]

I also consider it fair to prevent multiple accounts, because all participants have the same rights and cannot be greedy.