KYC of bounty hunters

[explosion]

I think this is good for bounty hunters. Just because many people will think "F**k, again these difficulties, I have no desire to pass this KYC" and the bank will be distributed among those who are not lazy 

[wxxyrqa]

unambiguously I consider kyc to be unacceptable, because Bounty Hunters are not those individuals who must provide personal data. Another thing is an investor who can go through different registrations while investing their funds. But this practice will scare off all investors.

[Cacaparg]

Know your client (Know Your Client, or KYC) is a policy in which financial institutions are required to establish the identity of their client before performing operations with him. This is necessary not only for financial institutions to better understand and understand their clients (including their risk tolerance and investment preferences), but also to know exactly who they are dealing with and whether their client is involved in any illegal activity (like fraud or money laundering).
For bounty hunters it is not necessary,  i think it is only argument to find reason  pay less tokens to bounty participants.

[Welckomtome]

Why do they collect so much information about the participants of various companies and where do we leave our personal data that we leave filling out the KYC forms?

[pokokeke]

maybe now there are still a lot of confusion with the new rules and for the future I think the bounty hunter will understand and understand what they should do.

[ostsee77]

Personally i felt kyc for bounty participant is not really necessary since they are not investor. Anyways that has now been the new rule of the day even airdrop participants are also mandated to do so before receiving anything from them

airdrop and my data.    I would never give my dates. no one knows who makes the airdrop but we should send our data? no thanks. but almost all airdrops are scam and therefore I do not care. I buy my token from the bounty cheap at the exchange. then I do not need a KYC and no shit airdrop 

[drachman]

I understand Bounty managers who use KYC in order to avoid multiplication of cheaters... but it kills the essential of Cryptos : anonymity.
I did KYC once for an airdrop, and it resulted positive (Polymath). I wouldn't send selfie with ID card for a project I'm not sure of.

That is not the reason they are now obligated by law and they want to avoid people from certain countries to participate in their icos and the only way for this is to ask for your id and your information, it sucks and I do not like that is why I will probably avoid to participate in any bounties campaign from now on since I think privacy is important and something we must defend.

[BCEmporium]

Personally i felt kyc for bounty participant is not really necessary since they are not investor. Anyways that has now been the new rule of the day even airdrop participants are also mandated to do so before receiving anything from them

airdrop and my data.    I would never give my dates. no one knows who makes the airdrop but we should send our data? no thanks. but almost all airdrops are scam and therefore I do not care. I buy my token from the bounty cheap at the exchange. then I do not need a KYC and no shit airdrop 

This is going to be the contrary force against KYC attempts, especially once decentralized exchanges become the norm. Startups that want more funds will either require incredible reputation (e.g. be a globally reknowned company) or otherwise not ask for KYC, even if just for smaller investments (which enables multiple accounts).

[poncik]

I think this is good for bounty hunters. Just because many people will think "F**k, again these difficulties, I have no desire to pass this KYC" and the bank will be distributed among those who are not lazy 

An interesting idea. but I can not agree with you on this issue because it is not safe at all.
We participate in a lot of bounty campaigns and I do not think it's nice to give your credentials to someone else. It's quite dangerous

[BCEmporium]

I think this is good for bounty hunters. Just because many people will think "F**k, again these difficulties, I have no desire to pass this KYC" and the bank will be distributed among those who are not lazy 

An interesting idea. but I can not agree with you on this issue because it is not safe at all.
We participate in a lot of bounty campaigns and I do not think it's nice to give your credentials to someone else. It's quite dangerous

Agreed. This has nothing to do with laziness and everything with safety and privacy. Most ICOs are scams, so you don't want to give them your documents of identification. That's just asking for future fraud and identity theft.

[byteminr]

KYC is made in order to prevent money laundering. But why it is necessary for bounty - it's not clear.
Honestly I have never met KYC in the bounty

[Ale88]

KYC is made in order to prevent money laundering. But why it is necessary for bounty - it's not clear.
Honestly I have never met KYC in the bounty

It's starting to happen actually. I took part in a bounty in which if you didn't pass the KYC you don't get the reward. To be honest the KYC was supposed to be completed before joining the bounty program, but of course many people didn't read the rules and now are complaining...

[Coin12]

I understand Bounty managers who use KYC in order to avoid multiplication of cheaters... but it kills the essential of Cryptos : anonymity.
I did KYC once for an airdrop, and it resulted positive (Polymath). I wouldn't send selfie with ID card for a project I'm not sure of.

Yes, i will never send selfie with id card. If they need kyc then i will send them only id card.
Actually i dont like to do kyc but what i can do, i want to join the project but in other side i dont like kyc. Confusing.

[Cacaparg]

Know your customer ('KYC') is the process of a business identifying and verifying the identity of its clients. The term is also used to refer to the bank and anti-money laundering regulations which governs these activities. Know your customer processes are also employed by companies of all sizes for the purpose of ensuring their proposed agents, consultants, or distributors are anti-bribery compliant. Banks, insurers and export creditors are increasingly demanding that customers provide detailed anti-corruption due diligence information.

for bounty hunters it is not good  new coz   more than possible to miss KYC  registration  and  argument not to pay  bounty rewards.
such situation happened with a  lot of GBX bounty  participant.

[Noobaru]

Not trying to support this behaviour and would advise against it, but what if someone simply photoshops random profile picture on ID and changes the data? Or even easier, downloads a ID snapshot from somewhere and uses that? How would they know that this is not the actual user? If they don't require a photo of you holding your ID, than they can't know, right? It's stupid, requiring KYC for doing bounties. For investing I understand, they have to comply with both CTF and AML laws. But bounties... jeez...

[carlisle1]

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.

never thought about this,just now having read this things..why was not th topic being tackled when every single details about segwit has done explaining.and this kyc about bounties not?mate was right  that this should be addressed as the future is the target of this issue.wondering after 5 years more accounts will cry about being hacked.

[newegggo]

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

I don't like that.
The worst case is that I was told to do KYC after the bounty campaign is over.
I would definitely not participate the bounty campaign if I had known it earlier.

[Noobaru]

Have a look at this thread: https://bitcointalk.org/index.php?topic=2839311. We should all contribute to it by inquiring with our bounty managers if they are going to require KYC after the end of their bounty campaign. You can do that here on forum, Telegram, reddit, etc. Then post proof of their answer in linked thread.

[Procopiogamscrypto]

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

  it is not really favorable for the crypto holder to give your credential in any ICO because it might be used in other way without your approval but if it is required , then you should take  precautionary measures to ensure that the said project is legit

[Quesdana]

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

We as bounty hunters can't do it anything with it if they require our KYC because we would also want that coin. I think that one of the reason why they would ask for such is eliminate multi-account in a single bounty campaign. But if it is an airdrop asking for KYC, i don't think it is deserving to reveal your identity for such a small of coins.