Emel-Hmel
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Activity: 294
Merit: 11
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December 20, 2018, 10:54:58 PM |
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I really do not like the fact that some projects require personal data. It seems to me that this is contrary to the principles of cryptocurrency in general.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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givary
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Activity: 378
Merit: 1
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December 20, 2018, 10:58:37 PM |
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So far, like the Airdrop channel, I haven't joined a long time ago. And indeed there are several signature campaign projects that use KYC. And I think this KYC doesn't give us good results, because some of the projects I follow use KYC and until now I have not received payment.
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LuvCyanide
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Activity: 252
Merit: 11
Decentralized Digital Billboards
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December 20, 2018, 11:21:25 PM |
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If I am confident in this campaign, I will provide the documents, otherwise I will not be able to get the earned tokens.
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nemesio
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Activity: 253
Merit: 10
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December 21, 2018, 08:33:53 AM |
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Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
At the moment, KYC for bounty hunters and people involved in airdrops is a headache, because we do not know to whom our data is transferred, whether the project is really working or it is another Scam and so on. |
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hanxinvwang
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December 21, 2018, 08:36:34 AM |
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The main purpose of KYC is to prevent bounty fraudsters from participating in the project, but KYC does not help hunters and may even reveal our privacy.
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miklesm
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Activity: 1078
Merit: 10
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December 21, 2018, 08:46:11 AM |
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The most Bounty campaigns require the participants to go through KYC procedure in order either in order to meet the government compilance or to decrease the amount of multiaccounts.
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kethan
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Activity: 232
Merit: 10
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December 21, 2018, 08:46:52 AM |
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For me, this is an indicator of the legitimacy of the company and its goals. If in 2018 the ICO does not require you to have a KIS, then you should think about whether this is a good project and could you stumble upon scammers.
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dentolas
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Activity: 854
Merit: 12
arcs-chain.com
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December 21, 2018, 08:51:19 AM |
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to me it gives me nightmares... I will not share my personal info for a handfull of tokens, especially if they do not share theirs (which happens most of times), and when it is required before the project, you still risk that the project is scam or failure... crazy datafarming times....
A lot of people go crazy on the idea that kyc is for your safety and will allow you to gain a handfull of tokens... well, tokens might never worth anything, project might fail, project might get abandoned, project might be scam.... and there are kyc documents for sale on the dark web (from participants on other crypto projects), so concerning legitimacy... it guarantees nothing....
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zcashplan
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December 21, 2018, 08:58:22 AM |
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I think KYC is meaningless. The only value of KYC is in the airdrop mission. Otherwise, KYC is a waste of time. The cryptocurrency supporters hate KYC. We need to win our identity instead of being exposed.
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bayu7adi
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December 21, 2018, 08:59:52 AM |
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Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
KYC for verification of personal data on the exchange, might make sense but for KYC to do an Airdrop campaign, it's the stupidest and most greedy decision, where everyone really wants money for free just by uploading their ID Card nothing you get except only SCAM statements |
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beehimneff
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Activity: 574
Merit: 10
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December 21, 2018, 09:00:43 AM |
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Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
At the moment, KYC is a standard procedure to confirm the identity and there is nothing wrong. Many ICO projects require to go through this procedure and this is not a reason to abandon such bounty campaigns. In most cases, this procedure is rather a plus for hunters, thus eliminated bots. |
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magnat7691
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Activity: 350
Merit: 10
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December 21, 2018, 09:03:36 AM |
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The KYC procedure helps to avoid multi-account users in the bounty campaigns, which increases remuneration.
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sgenuine
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December 21, 2018, 11:59:52 AM |
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It is another system for protecting our wallets. Every day people are thinking about how to hack and how to rob someone's wallet. I think it is necessary for the whole system to have different variants of protection.
But it is world government decide to do it.
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jpnl0006
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Activity: 480
Merit: 4
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December 21, 2018, 01:06:57 PM |
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It gives some form of security and assurance to ensure that scammers are extracted ad what belongs to the rightful owner id given so its good that some bounties do require for it i support it
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billy.ryoko
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December 21, 2018, 01:13:14 PM |
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I don't participants any airdrop or bounty campaign need to pass the KYC, I think you are not the real investors in this project, why to share your personal information to this project, if you participants in the scam project, the sure to sell it in the back market.
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LukkasG
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December 21, 2018, 01:17:15 PM |
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Now I do not join the projects that require KYC, since I will not be guaranteed by anyone who protects my personal data.
I completely agree. We have become very careless. Previously, no one would even have thought of “selling” their personal data for a few dollars (if they pay at all). We have to be very careful with such things. |
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odranoel
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Activity: 602
Merit: 10
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December 21, 2018, 01:22:30 PM |
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Yes, KYC is good, it gives more knowledge like me, who is not really or not good in computer. KYC also is for the security reason so that are account are being protected. It also secure that you should have multiple accounts.
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YouSeeMe ♦ Bartcoin ♦ Bartwallet ⚪ Infinite Possibilities ⚪ Pre-sale on Feb, 18 |
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jyotianand01
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December 21, 2018, 02:01:17 PM |
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KYC does not give you anything, it is the identity that you are a real person as many scammers making an entry in bounties in other peoples name and after KYC implementations, they cannot make false entries because they have to prove their identity with a genuine document.
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terible.hunter
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Activity: 490
Merit: 10
Bitfresh - iGaming with 90s UI
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December 21, 2018, 03:12:49 PM |
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Kyc entails releasing your personal information to developers to participate in their projects. It is a statutory requirement but them, some are just scam. So be careful to not do kyc with people that will sell your information to fruadsters
Today there is no opportunity to prove it, the only way to do it, to use services that today already work very much with documents, they already exist today. This is a normal practice, but for some reason a lot of projects do not use these services. |
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oper802
Full Member
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Activity: 406
Merit: 100
Decentralized Digital Billboards
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December 21, 2018, 08:11:38 PM |
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At the moment, KYC is a standard procedure to confirm the identity and there is nothing wrong. Many ICO projects require to go through this procedure and this is not a reason to abandon such bounty campaigns. In most cases, this procedure is rather a plus for hunters, thus eliminated bots.
Yeah, I think so. There's nothing wrong with KYC, as long as you are being careful before giving any personal information about yourself to another person. I know a sentence which has a very good meaning, "An ounce of prevention is worth a pound of cure". |
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