LuckySarah
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January 24, 2018, 03:09:40 PM |
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I don't find the fact that projects require KYC for bounties very disturbing. After all this usually implies that the project is legit. The thing that does disturb though is projects that require KYC when claiming tokens without clearly notifying it. This has been happening with many projects lately and it is extremely annoying.
And just imagine the situation that the bounty with KYC is a scam bounty. So they'll get all your personal info including passport scans and maybe even your current address.  |
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bubbagump
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January 24, 2018, 09:40:02 PM |
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I don't find the fact that projects require KYC for bounties very disturbing. After all this usually implies that the project is legit. The thing that does disturb though is projects that require KYC when claiming tokens without clearly notifying it. This has been happening with many projects lately and it is extremely annoying.
How does asking for an ID imply legitimacy? By that logic, identity thieves are totally legit since they want your personal info too.  |
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MaiQwaN
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January 24, 2018, 10:30:51 PM |
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Why bounty hunters must pass KYC procedure? I understand that ICO organizers can ask investors about the origin of money for investment. But bounty hunters get their reward for their work.
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thunderbitz2717
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January 24, 2018, 10:34:53 PM |
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Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.
Before KYC wasa being implemented only for the investors who partake in every ico project which they want to invest in. And now they implement it also to all bounty hunters little buy little were most of the members for sure will not agree on this rules but we do nothing about it but to follow. |
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hous26
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January 24, 2018, 10:38:21 PM |
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If they are going to request documents for KYC verification then it needs to be announced in the original post at the time it is first posted. It's questionable to announce at the end that its a requirement.
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Chingchangfu
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January 24, 2018, 10:42:04 PM |
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If they are going to request documents for KYC verification then it needs to be announced in the original post at the time it is first posted. It's questionable to announce at the end that its a requirement.
True if they are going to request a KYC for their participants to get paid they should at least announce it first, It is really hard to trust your personal information to someone you don't really know , Who know's what would they do to your personal info in the future. |
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yomarve
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January 24, 2018, 11:01:28 PM |
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This is definitely a bad precedent these ICOs are setting. recently a project i saw said the have a hidden cap and would only reveal it once they reach a certain level. Thats bad practice and precedent they are setting for others to follow. You can go over my post on steemit. https://steemit.com/crypto/@yomarve/kyc-a-trade-off-between-money-and-anonymity |
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Leocrypto da Vinci
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January 25, 2018, 03:12:29 PM |
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I agree that it sucks, but there are too many "smart" people out there, and I think that ICO organizer want to verify that you participate with only one account.
Moreover, lot of countries start to put any kind of limitation on ICO activity (there are lot of scams and lot of bad projects) just to prevent frauds.
At presents, only few ICOs ask for KYC, but we have to accept the idea that in the next future it will be the norm.
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bitmattrix88
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January 25, 2018, 03:26:08 PM |
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I do not approve of the Bounty Hunters KYC request. Because Bounty is to actually release an ICO before it gets publicity from one agency. So KYC is unfair in giving Rewards the right way if they do it right. But if we have a KYC Submit Document we have it, it feels good to all of us. |
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imteaz
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January 25, 2018, 03:30:25 PM |
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Well, Recently i had to do this with one of the bounty. The problem is they ask it after all your work done, which is really annoying. They should just mention it on bounty thread that, KYC needed to get your coin after bounty, It will help those people who don't want to do it. Sometimes it is really risky to send your driver license or passport to stranger.
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ronatrip
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January 25, 2018, 03:33:18 PM |
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If they are going to request documents for KYC verification then it needs to be announced in the original post at the time it is first posted. It's questionable to announce at the end that its a requirement.
Good point. KYC is a serious requirement and should be announced for Bounty Hunters at the very beginning of ICO. Yes. I agree. I'm tired of surprises from the organizers of bounty, who ask to pass KYC after the work done. Gladius, INS are examples of such. I saw only one bounty, where they demanded to pass KYC before registration. It was bounty of GBX https://bitcointalk.org/index.php?topic=2757831.0 I hope other projects will take an example from it |
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santiPOGI
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January 25, 2018, 03:37:41 PM |
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Bounty programs are asking bounty hunters to do KYC before they are paid for work done . What do you think of this development.
KYC is the answer of most ICO to scammers, people are seeing bounties before as scams or failure. but when KYC "KNOW YOUR CUSTOMER" came, most bounties is sold out, if not there are more than 50% of sold tokens, now they are applying this even to bounties for making sure that hunters are not from restricted countries, THOUGH I, myself believe that KYC is not the answer for that as it is can be fake, there no such 100% verification that the documents are all accurate. One more thing that i doubt on KYC is the falsification of public documents, it can be used as hunters are from different countries and it is such big source of identity especially online. |
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DibiaVxosis
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January 25, 2018, 03:40:40 PM |
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Asking KYC for bounty hunters is the best way to listed token on big exchange like Bittrex, Binance. This process help prevent cheater, multi registion. Soon this process is required for every campaign.
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Pain Packer
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January 25, 2018, 04:03:54 PM |
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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!
But giving away your info will defeat the purpose of anonymity of the users! I'm sure there is still a way to know if a person is using multiple accounts. Also giving your info will make you vulnerable to hackers. |
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whofeelsitknowsit
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January 25, 2018, 04:06:44 PM |
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KYC is a good thing. For crypto to become mainstream, there needs to be confidence that it is not a facilitator of illicit activity. Crypto becoming mainstream is good for all of us early adopter/investors.
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Hammerman
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January 25, 2018, 04:22:06 PM |
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I like this course of events. A lot of bountyhunters have a lot of accounts. I think that this measure is aimed at combating this phenomenon. Probably, they do not have the right to do this, but this is a necessary step. Members of the bounty campaigns are as active participants of the market as investors.
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wagi
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January 25, 2018, 04:29:42 PM |
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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
I think not all project need kyc for their requirement but only some of them. I had experience by joining bounty and i need to add kyc in their project and i did not face any problem because i just need to upload my identity card. For some people i think its not privacy since crypto born for anonymous so it will kill that goal. |
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irsada
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January 25, 2018, 04:42:06 PM |
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KYC I personally do not have a problem.
now we see, more where the positive or negative side if bounty hunter wear KYC?
if more negative side we avoid just bounty that require KYC for bounty distribution.
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Thadeous
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January 25, 2018, 04:54:51 PM |
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If they are going to request documents for KYC verification then it needs to be announced in the original post at the time it is first posted. It's questionable to announce at the end that its a requirement.
Good point. KYC is a serious requirement and should be announced for Bounty Hunters at the very beginning of ICO. |
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cryptodagger
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January 25, 2018, 04:56:13 PM |
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KYC doesnt need to be implemented in bounty hunters because we are just doing our job that is to promote the ICO here in forum,or in socialmedia sites,ICOs are morelikely the ones that needed this verification for each participants but the down side of KYC would be your privacy might be compromised,your indenfications might be sold to anyone,and worst it can be use to identity thefts.
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