Would you do KYC for a bounty hunt?

[Byzantium101]

I am a bit scared that  some ICOs and recently a well-known bounty management group have decided to ask for KYC for bounty hunters. For me, that puts me on the spot of choosing if I want to risk to send my documents on line for not much money or just decide that I should not do any bounty.

The worst thing is that sometimes the KYC is asked after the promotion is done. For me that is just blackmail. What would you say if I agree with you to pay you 300$ to paint my fence and once you finish I decide that I will only pay you if you give me your address, copies of your documents and a picture of your wife or husband.

[hdclover]

Unfortunately we have to do it else it's our loss. They won't lose anything but we lose our hours of hard work. Most of bounty campaigns will ask for KYC upfront or atleast they will announce it.
Also KYC could avoid multiple account bounty abusers.

[BQ]

it seems like ICOs should know beforehand that they're going to demand KYC.. but maybe they keep it quiet,
until people have bought/finished the bounty campaign?

If they were open about requiring KYC, that could likely lower investments a bit since many projects doesn't appear "100% professional",
and would make people avoid giving their info away.
Same for bounties, demanding KYC would probably make alot of people not join any of it. I don't know the legal aspects, but why is it necessary?
Isn't the bounty just "giving away" in a way, it's no money exchanged so to say.

If they're upfront initially I see no issue tho, at most it would damage their own project sales to demand KYC for bounty hunters,
but those who add a KYC demand afterwards, that's really bad, and a really bad sign in generall since either the team didn't know about the legal aspects,
or they intentionally chose not to disclose it.
(KYC can also be good and show it's a serious project, if announced from start, since it shows the team has a good idea of what they're doing, legally-speaking)

I personally have only ever given my documents to one project and I have changed my mind about investing in numerous projects,
after hearing they demand KYC. Partly it's because they anyway have cheap presales for big investors and the price will likely dump shortterm after launch,
so could just grab them at that point on an exchange without KYC, and with that, not having to risk my documents being used for something malicious.

A project that fails might do a sale of documents on the deep web or something, noone would really know the source of the documents.
If they fail, part might be because of technical reasons, and they end up being hacked and documents, emails, passwords gets stolen, because they suck.
(just speculation, no idea if this is the way to go about selling documents)

So to summarize I'd say it's better to be really cautious when it comes to KYC for bounties or just regular investing, but if you do bounties you atleast
wouldn't lose any actual money if they tell you about KYC afterwards. But if it's a good project with a legit team and all that, sure could do KYC for the bounty.

on that topic I did write a thread about analysing ICO teams and such that might be of use

[mdayonliner]

I am a bit scared that  some ICOs and recently a well-known bounty management group have decided to ask for KYC for bounty hunters. For me, that puts me on the spot of choosing if I want to risk to send my documents on line for not much money or just decide that I should not do any bounty.

The worst thing is that sometimes the KYC is asked after the promotion is done. For me that is just blackmail. What would you say if I agree with you to pay you 300$ to paint my fence and once you finish I decide that I will only pay you if you give me your address, copies of your documents and a picture of your wife or husband.

If you don't like it then walk out. If you think it worth giving your KYC details then go for it. 

What comes first to you?
The promise of the money or your anonymity?
You need to know your priorities.

[marlboroza]

I am a bit scared that  some ICOs and recently a well-known bounty management group have decided to ask for KYC for bounty hunters.

Which bounty management group asked you your ID's?

Unfortunately we have to do it else it's our loss.

No, you don't. It's your loss if you give your ID's to strangers, it seems you are not aware of it...yet.

They won't lose anything but we lose our hours of hard work.

I bet your fingers hurts.

Also KYC could avoid multiple account bounty abusers.

Yeah, that must be the reason. 

[Lakai01]

It really depends on the project itself. I really do check the projects before I apply for bounty tasks, so all of those projects would get my ID, too. But I have to say that only 1 out of about 15 projects required my ID for bounties ...

[paxmao]

I am a bit scared that  some ICOs and recently a well-known bounty management group have decided to ask for KYC for bounty hunters. For me, that puts me on the spot of choosing if I want to risk to send my documents on line for not much money or just decide that I should not do any bounty.

The worst thing is that sometimes the KYC is asked after the promotion is done. For me that is just blackmail. What would you say if I agree with you to pay you 300$ to paint my fence and once you finish I decide that I will only pay you if you give me your address, copies of your documents and a picture of your wife or husband.

If you don't like it then walk out. If you think it worth giving your KYC details then go for it. 

What comes first to you?
The promise of the money or your anonymity?
You need to know your priorities.

I think you are missing the point of the OP. Is not about keeping anonymous, is about sending your personal documents to someone. They may end up in the dark web for 10$ a piece.

[captain8]

Yeah why not, I suppose yeah it could end up on the dark web, never really thought about that,

But if its a good bounty return F it

[Blockpass]

KYC is important but it can be a pain to carry out and there's the worry that people will use your info as you've pointed out.

Check out Blockpass - we're working on a self-sovereign identity verification app which would give you the ability to 'anonymously' KYC. We're working with Edingburgh Napier University on Zero-Knowledge Proofs amongst other things to further this goal but we already have the first version of the app available on Google Play and the App Store.

https://blockpass.org/
https://www.napier.ac.uk/about-us/news/blockpassidentitylab

[masulum]

I think this situation will make member of BTT to two type,

• Agree because it will avoid fake account.
• Disagree because bounty hunter not use their money to have token/altcoin, but they work to get it so they don't need KYC to join.

For me, i will join bounty with KYC, if the bounty manager can guarantee my data is safe. but if KYC will send to project developer, i will walk out, because we dont know, (sorry) that projects will scam us or not.

[riyand]

I think KYC is needed for ICO investment and also bounty hunters as shareholders, this is done to avoid the state rejects cryptocurrency although I a little bit objected

[paxmao]

KYC is important but it can be a pain to carry out and there's the worry that people will use your info as you've pointed out.

Check out Blockpass - we're working on a self-sovereign identity verification app which would give you the ability to 'anonymously' KYC. We're working with Edingburgh Napier University on Zero-Knowledge Proofs amongst other things to further this goal but we already have the first version of the app available on Google Play and the App Store.

https://blockpass.org/
https://www.napier.ac.uk/about-us/news/blockpassidentitylab

How is that better than CIVIC, SELFKEY and THE KEY projects?

[paxmao]

I think this situation will make member of BTT to two type,

• Agree because it will avoid fake account.
• Disagree because bounty hunter not use their money to have token/altcoin, but they work to get it so they don't need KYC to join.

For me, i will join bounty with KYC, if the bounty manager can guarantee my data is safe. but if KYC will send to project developer, i will walk out, because we dont know, (sorry) that projects will scam us or not.

The bounty manager does not hold, verify nor has access to your data. It is the promoter or an identity verification partner and no-one can provide legal and physical 100% security.

[paxmao]

Yeah why not, I suppose yeah it could end up on the dark web, never really thought about that,

But if its a good bounty return F it

Until one day you go on holiday, get arrested at an US airport and charged with card fraud, if you are lucky. If you are not lucky charges will be for terrorism, drug dealing or arms trading.

And while you try to prove that "some else used my documents" and "I am innocent" they will be thinking of how fabulous would you look in orange, inside an Egyptian prison.

But..yeah... bounty was good...so f*ck it.

[crypto_nd]

I have seen this kyc as nothing when i started participating in bounties. i saw no issues with it but not until after giving out my main email address to this people. i found out that i receive not less than 10 to 20 email a day, requesting that i join airdrop, new bounty alert, promotional email and sometimes some irrelevant message that is not written in english or poorly written english. 
I don't border reading or unsubscribing, i just block the sender and all their future mail goes to spam which i don't open or read.   

[eroejoe]

I am a bit scared that  some ICOs and recently a well-known bounty management group have decided to ask for KYC for bounty hunters. For me, that puts me on the spot of choosing if I want to risk to send my documents on line for not much money or just decide that I should not do any bounty.

The worst thing is that sometimes the KYC is asked after the promotion is done. For me that is just blackmail. What would you say if I agree with you to pay you 300$ to paint my fence and once you finish I decide that I will only pay you if you give me your address, copies of your documents and a picture of your wife or husband.

I think that's not worth giving our personal informations. I rather do bounties that doesn't require KYC.
Also, I hate when they want me to send KYC after I finished campaign or airdrop.
It's kind of arrogant to ask for such informations for $5.

[mdayonliner]

I think you are missing the point of the OP. Is not about keeping anonymous, is about sending your personal documents to someone. They may end up in the dark web for 10$ a piece.

Oh! I see, I am sorry OP and thanks paxmao.

Well this is unfortunate. I would not give my ID to a company which could not even establish a reputation in the market yet. If I was you then I would report the bounty thread and would create a scam accusations thread against the ICO and the bounty manager.  

[terencio]

Because of this KYC, I am picky which project to promote. At first it was okay, because I was a victim of these scumbags who is using my email address and telegram username for airdrop, the assurance for me to receive my airdrop token is through KYC.  Then a lot of airdrops turn out to be scam .Therefore, KYC is risky, so you have to be careful first  which project you are going to promote.

[juarezweiss]

I am a bit scared that  some ICOs and recently a well-known bounty management group have decided to ask for KYC for bounty hunters. For me, that puts me on the spot of choosing if I want to risk to send my documents on line for not much money or just decide that I should not do any bounty.

The worst thing is that sometimes the KYC is asked after the promotion is done. For me that is just blackmail. What would you say if I agree with you to pay you 300$ to paint my fence and once you finish I decide that I will only pay you if you give me your address, copies of your documents and a picture of your wife or husband.

If you don't like it then walk out. If you think it worth giving your KYC details then go for it. 

What comes first to you?
The promise of the money or your anonymity?
You need to know your priorities.

I think you are missing the point of the OP. Is not about keeping anonymous, is about sending your personal documents to someone. They may end up in the dark web for 10$ a piece.

That's exactly my fear with these KYC for bounties.

While I understand that Bounty Managers and ICO organizers need to have real people marketing their project, it's really scary to upload your personal documents to a recently created website that you know nothing about.

Hopefully we get to a middle term regarding this.

[Blockpass]

KYC is important but it can be a pain to carry out and there's the worry that people will use your info as you've pointed out.

Check out Blockpass - we're working on a self-sovereign identity verification app which would give you the ability to 'anonymously' KYC. We're working with Edingburgh Napier University on Zero-Knowledge Proofs amongst other things to further this goal but we already have the first version of the app available on Google Play and the App Store.

https://blockpass.org/
https://www.napier.ac.uk/about-us/news/blockpassidentitylab

How is that better than CIVIC, SELFKEY and THE KEY projects?

There are currently no truly self-sovereign ID solutions available and our partnerships with Edinburgh Napier University is geared towards this goal. We also do not hold any information on the users - the only data is stored on the users apps. The way we integrate with merchants is also different as we don't require them to lock into using Blockpass for set times or put any other conditions on them. We also offer discounts on the KYC for merchants and we are implementing a reward system that will encourage merchants to verify further certifications.

In the long run, we aren't simply providing a KYC solution. Blockpass' ultimate goal is to provide identity for humans, companies, devices and objects on an IoT level. The human aspect is simply the first part that we are implementing.