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Author Topic: KYC for Airdrops: A bad precedence  (Read 198107 times)
Silenox
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June 07, 2018, 12:53:44 AM
 #461

In exchanges and ICO's already is a controversial practice, ending with the anonymity that is one of the strong points of the cryptos, in an airdrop does not make sense. If you intend to distribute tokens for free, why do you require personal information? It is a risk that is not worth it.
Casey7
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June 07, 2018, 12:58:41 AM
 #462

yeah kyc for airdrops and bounties is crap, that is the reason of why i try to aovid joining in there for my own convenience, i do not like to provide that kind of information.


Me too. Its not my type to provide my data to unknown people or company because i am just joining it and get small reward.
Incase if i join ico maybe it makes more sense to pass kyc. But why bounty hunter too? We only get small payment which is not enough to do money laudering. But the problem comes when project asking it at the end. We could not do anything
sparkling10
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June 07, 2018, 01:14:27 AM
 #463

Beside the fact that most airdrops are thrash, they shouldn't make it more difficult by asking for KYC.
Personally if an airdrop is tasking or requires alot of conditions, I just wave it by and move on to other things. No time
Catch-22
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June 07, 2018, 01:19:45 AM
 #464

I don’t have a problem with KYCs. I’ve got nothing to hide and scammers have nothing to steal from me. But KYC for airdrops is simply not worth it. Not unless it is worth at least a hundred dollars.  Smiley

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korni74
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June 07, 2018, 01:25:04 AM
 #465

I am sure that the collection of confidential information in airdrops will not lead to anything good. It's counter-productive, getting a few coins for a fee with your data. Crypto should be anonymous.
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June 07, 2018, 01:30:04 AM
 #466

Yes! I think KYC is a bad precedence in some airdrops because using our documents they can use it in other things that can broke our image. Actually airdrop is freely giving the coin or token to the community to have a big support and hype.

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June 07, 2018, 02:26:34 PM
 #467

Being known that most of the airdrops are scams  its a bad move. I do not do kyc for airdrop. I do it only if i take the airdrop form from the official site of the ico and if its a known ico
Ineedtopee
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June 07, 2018, 02:34:41 PM
 #468

If I understand correctly, it's required thanks to countries that have illegalised cryptocurrency or some not wanted to give away to people in the same country. I'm not too sure though
krinvat77
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June 07, 2018, 02:38:57 PM
 #469

I support the author, but what can we do? If we don't like it - we can not participate.

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mine2slow
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June 07, 2018, 08:20:45 PM
 #470

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.

That's ridiculous. In order to earn some money, you should do nearly 50 airdrops every day and pass KYC procedure at least 1 time out of 10, if necessary. It will increase the amount of wasted time and, as a result, people will give up doing the airdrop.
mine2slow
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June 07, 2018, 08:21:37 PM
 #471

Companies will not care about you, if you say no. There will be others who will not mind.
At the same time, laws are being passed on the disclosure of the identity of the purse holder and others

I think, the KYC procedure won't bring any problems in the nearest future, because there are many attractive projects, which allow passing this procedure quickly. Traceto, for instance!
ZEIIMAN
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June 07, 2018, 08:25:50 PM
 #472

Developers and bounty managers do not know how to deal with multi accounts differently, that's why they must pass kYC. But the passage of KYC is contrary to the canons of cryptocurrency.
Cianix
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June 07, 2018, 08:28:28 PM
 #473

Well, not always Kyc, this is bad! there are projects that with kyc give good money to earn! so I think it's not that bad

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nickky
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June 07, 2018, 08:29:50 PM
 #474

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.

KYC is needed because some countries have banned their citizens to participate in ICO , surely airdrops often are part of ICOs and I believe airdrops could easily be mentioned in such laws as well. Project management is responsible of complying with these laws and the only proper way of doing it is KYC.  Because of this KYC will not be going anywhere, the opposite is going to happen - we will see it more often.

My advice do not participate in shady airdrops. 
patykuprova
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June 07, 2018, 08:31:21 PM
 #475

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.
I partly agree with you! If our personal information selling for bad guy, It's really terible! But in my opinion, The KYC is one of the method to retrict cheat and bring more opportunity for another person! So our task is choose the good ICO to do the bounty and airdrop!

I have finished kyc but not get token yet. Telegram @BeansreaL
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verziagra
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June 07, 2018, 08:33:39 PM
 #476

I can only remind if airdrop includes kyc it is a fraud. wary of buying and selling someone id because our id will be in use for fraud.
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June 08, 2018, 06:03:05 AM
 #477

It is not good to just give your important credential/information to the person you don't know. You are surely be exposed to a possible threat. Don't be deceived by a small portion of altcoins in return for your important credentials. Some of the airdrops is a scam, its worst if the identity theft will safe-keep your credentials/information.

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sieunhangao19
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June 08, 2018, 02:55:20 PM
 #478

Your observations is correct and timely,naturally KYC is meant for investors and not for bounty hunters,investors KYC is needed because of the funds they are investing especially if the money is above $1000 any amount less should not attract KYC.
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June 08, 2018, 03:02:51 PM
 #479

Yes, KYC is very much objectionable for airdrops. This is completely against the principles of block chain, even the admin has spoken against it.
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June 09, 2018, 02:54:25 AM
 #480

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.
Only an idiot will give their real personal identity in airdrop. I think others don't really use their identity, instead they buy personal information in darkweb to use it online like airdrop and any KYC requirements  purposes.

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