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Author Topic: KYC of bounty hunters  (Read 6900 times)
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January 14, 2018, 06:54:35 PM
 #1

Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.
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January 14, 2018, 06:58:21 PM
Merited by Norihiro (3), tiggytomb (2), BCEmporium (2), u9y42 (1), Dannaey (1)
 #2

Avoid, new precedent trying to be set, the more people the give in, then you'll have to give you info out for every single airdropped/bounty out there.
It's very dangerous for you to trust these non-reputable individuals with your information and for the future of cryptos as a whole, yet no one is discussing this.

You can blame Polymath for this, they don't want to work harder filter to filter puppets, so instead they want your ID.


Edit: There is probably nothing we can do to stop this, because the vast majority of people trying to do airdrops are very likely to hand over their info without a second thought. This has major repercussions, some of the worst repercussions we will see ever in crypto.

The best thing you can do if you're reading this, is to not give in to these new information whores, who are more than likely to flip your IDs on the darkweb for a profit.
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January 14, 2018, 07:15:14 PM
Last edit: January 15, 2018, 09:50:00 PM by babygun
Merited by sonic212 (2)
 #3

Avoid, new precedent trying to be set, the more people the give in, then you'll have to give you info out for every single airdropped/bounty out there.
It's very dangerous for you to trust these non-reputable individuals with your information and for the future of cryptos as a whole, yet no one is discussing this.

You can blame Polymath for this, they don't want to work harder filter to filter puppets, so instead they want your ID.


Edit: There is probably nothing we can do to stop this, because the vast majority of people trying to do airdrops are very likely to hand over their info without a second thought. This has major repercussions, some of the worst repercussions we will see ever in crypto.

The best thing you can do if you're reading this, is to not give in to these new information whores, who are more than likely to flip your IDs on the darkweb for a profit.

I agree, it is not a good trend and I fear it will only become worse in the future. Pay attention by sending your ID documents to the ICOs!



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January 14, 2018, 07:20:48 PM
 #4

Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.

We all get to crypto because of anonymity. Then why are we giving this up?

I don't think this is a good moved for ICO to ask for their bounty hunters information. I'm totally against it, and this is not a good development especially for all of us.

I'm not a airdrop guy though, never join any up to this time, and with this recent development, I would continue not to participate in any one of them.

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January 14, 2018, 07:22:35 PM
 #5

As much as I do not like this, I do understand the idea behind it, as many individuals out there are using multiple accounts when applying, so this would eliminate that!
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January 14, 2018, 08:14:20 PM
 #6

Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.
Maybe it's a good point. Invested in some ICOs and had to submit my KYC afterwards.  It was stressful for me. Cause I usually panic more than other people without a reason)) and KYC after the bounty and work performed will be more stressful cause you do your fair work and spend time with your favorite project instead of watching a movie))
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January 14, 2018, 08:24:30 PM
 #7

If the ICO is legit well this is a good move from them,they will easily find bounty hunters cheating or joining multiple accounts in one campaign,this will open a new opportunity with the new bounty hunters around the forum and will prevent cheaters from abusing campaigns to get more stakes.

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January 14, 2018, 08:24:49 PM
 #8

More often KYC documentation is requested by banks, brokerage houses, registration agents or legal companies, audit firms, financial intermediaries. I don"t understand what is the advantage of crypto if it ceases to be anonymous.
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January 14, 2018, 08:32:58 PM
 #9

I'm not sure what the difference is between a bounty and a sig campaign, but I wouldn't trust any of them with my information.   If campaigns ever start asking for identification, that'll be the end of it for me.  As the member above said, that shit could easily wind up on the dark web--you just never know. 

What IS the difference between bounties and campaigns, anyway?

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January 14, 2018, 08:35:24 PM
 #10

It's kind of annoy when people do bounty have to do KYC. To me, it would be more fare if they announced that in the bounty program at first time.
But however, we have to do KYC to get our bounty Cry
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January 14, 2018, 08:38:11 PM
 #11

As much as I do not like this, I do understand the idea behind it, as many individuals out there are using multiple accounts when applying, so this would eliminate that!

Yes, but it is a bad thing if you do not want to expose yourself, what if the ICO ends up being a huge scam? You have revealed your identity to a company that has scammed everybody, what if they use your ID's to do something ilegal? You sent them a selfie, photos, and bills.

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January 14, 2018, 08:49:14 PM
 #12

Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.

I am not aware of any project that is asking for a KYC for bounty. At the end of the day, a bounty hunter is not buying any service, simply getting a tip for supporting a project.

It may be related to avoiding duplicate accounts or users which is a rule in many campaigns.

Which projects are requiring them??
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January 14, 2018, 08:55:46 PM
 #13

I'm not sure what the difference is between a bounty and a sig campaign, but I wouldn't trust any of them with my information.   If campaigns ever start asking for identification, that'll be the end of it for me.  As the member above said, that shit could easily wind up on the dark web--you just never know. 

What IS the difference between bounties and campaigns, anyway?

As far as I can tell, there are two main differences.

1. Bounties seem to be denominated in whatever token they are peddling, while signature campaigns generally pay out in BTC.
2. Bounty campaigns extend beyond the forums to include activities on other social media (Twitter, Reddit, etc.), and include payment for other activities, such as translation or graphic design.
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January 14, 2018, 08:58:11 PM
 #14

Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.


Bloodyhell. This is total bullcrap. I think they shoud at least put this on the bounty announcement and on forms so that the person knows what is the requirements to get his pays. This will enable the bounty Hunter tondecide wether he wants to do the job or not. And if he does. He is dumb. I would certainly never give such private informations.
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January 14, 2018, 09:01:30 PM
 #15

There will be no privacy anymore,,
All of us know, the basic idea on cryptocurrency is about privacy,,
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January 14, 2018, 09:02:57 PM
 #16

Sending your id to Scammers , and a day you will find yourself in owing some bank a million dollar , anyone can open online bank account with your documents
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January 14, 2018, 09:09:32 PM
 #17

I think it will soon be mandatory for most projects

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January 14, 2018, 10:00:05 PM
 #18

Yeah, that's a game changer for me, as well.  Hopefully they will include this in their original announcement, not just spring it on you after the campaign has ended, so the campaigns can be avoided.  
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January 14, 2018, 10:09:56 PM
 #19

I am negative about this. On the one hand, it seems that the project is serious. On the other hand, I do not want to send data to third parties, especially if the bounty is small...
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January 14, 2018, 10:13:33 PM
 #20

the KYC program is actually good but I think it is less effective because to take care of it requires a passport and another while not everyone has it so it will feel very difficult if using that system

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