Why a lot of bounty hunters dislike KYC ?

[ciang huang]

A lot of bounty hunters ask the bounty manager and the team of the project if kyc needed or not.
Why they ask about that?
Do you think it is good for projects and for bounty hunters to implement KYC.
What is the advantage of KYC for both.
I like to know from all and thank you in advance.

in my opinion, the importance of KYC is applied in a project. it will make the participants do their shortcomings. the advantages of using kyc are as follows.
1. The project is not fooled by participants who use many accounts that join a project.

what the bounty participants feared was because the data provided through Kyc was personal data. from that I think it is natural that most bounty participants do not agree with KYC

It is true that the KYC regulation program has benefits and the effect is not good for bounty hunters, but what I am afraid of is the identity that is misused by irresponsible people, as far as I know KYC is only for investors

[1715480171]

1715480171

[kidoseagle0312]

A lot of bounty hunters ask the bounty manager and the team of the project if kyc needed or not.
Why they ask about that?
Do you think it is good for projects and for bounty hunters to implement KYC.
What is the advantage of KYC for both.
I like to know from all and thank you in advance.

KYC for me is not necessary needed, because there are other ico project even without KYC its still fine. Because in my experienced I was compensated in the ico without KYC and earned a lot too. In fact, even sometimes its too risky to give your personal information but I think it depends on the case of the project. But to other's opinion, there is a big chance that the token will increase in the future.

[torry28]

KYC is needed to avoid from many cheaters or someone who using alt accounts to claim his bounties. In other hand, you will risk your identity to strangers.
Which one do you prefer?

[Quidat]

Because this is contrary to the logic of the crypto market. The crypto market must contain confidentiality, but the exchanges and the ICO projects no longer operate without kyc.

Bounty managers are building a counteraction for bounty hunter that do farm with different account on a single campaign. Though it is not good for a bitcoin enthusiast to join and ask for a KYC thing but i guess it's kind of part of the norm that the government want to be executed no matter what.

[Hamphser]

A lot of bounty hunters ask the bounty manager and the team of the project if kyc needed or not.
Why they ask about that?
Do you think it is good for projects and for bounty hunters to implement KYC.
What is the advantage of KYC for both.
I like to know from all and thank you in advance.

Since we do talk about advantages of KYC on both sides.I do see that KYC would really able to restrict multiple accounts or bots that did abuse the bounty and also you can somehow feel the assurance
or security if a certain project do comply with their countries rules and imposing KYC because they have been told to do so but overall as a bounty participant
It isnt just right for us to be included on such compliance yet we arent investors but rather only marketers of such project.

[bit..what?]

There are just too many scam ico/bounties on the market and that is why i am worried about my personal data.
For that reason, i do not participate in any bounty that kyc requires.
Although i understand why kyc is used, but as long as there are so many scam bounties, i go on safe side and not take part in it.
If everything was more secure, i would not have a problem with kyc.

[ellensmith025]

I do not have any confidence in carrying out the verification of the kyc, because it is not known where the personal data is going after. Then in the black markets, your data appears. In order to require the passage of a kyc to start, all ico must register themselves in seconds, only after that, it will be fair to request personal data from users.

[sergiorus]

I know a project which collect bounty participant's documents pictures via google form. That's a crazy thing. They must be ablosutely clueless about personal safety or just do not give a damn. I would not send my documents pic to them.
Some project are much more trustful and collect data via safe resources or 3rd party companies specialized on KYC/verification etc. So I trust projects like those.

[Hamphser]

Because this is contrary to the logic of the crypto market. The crypto market must contain confidentiality, but the exchanges and the ICO projects no longer operate without kyc.

For exchangers this is quite understandable or considerable on asking about documentations or KYC if you are tending or plan to max your limit but eventually you wont really be forced out or totally optional.
Like Binance, having 2 BTC limit for an unverified account isnt really bad but talking about KYC on bounty programs isnt really right at all on the very first place.

[thunderbitz2717]

A lot of bounty hunters ask the bounty manager and the team of the project if kyc needed or not.
Why they ask about that?
Do you think it is good for projects and for bounty hunters to implement KYC.
What is the advantage of KYC for both.
I like to know from all and thank you in advance.

Maybe some bounty hunters don't have valid documents like passport and others. Or it could be that in their mind some ico campaign giving payment without requiring the applicants to pass KYC before distributing the token in the wallets to their participants. But for the centralized exchange it is really required for the users to pass KYC but for the decentralized not needed like in IDEX or Etheredelta. And I don't see any advantage of implementing of KYC in the new token in crypto either.

[slaman29]

If I'm a positive person, I'd say like some of you have, that the very spirit of cryptocurrency is about privacy and the right not to give out information about yourself. Which is why private projects, ICOs and bounties in general are bad for the industry, because they are selling things to people and they want to know who these people are.

If I'm not so positive, then yeah, agree. Hunters dislike KYC because they wouldn't be able to verify all their multiple accounts. Every time KYC comes out, you hear same stories.

[xsantana]

KYC is very important to claim the results we get, from campaigns or from ICO that we follow,
dev wants to know us from which part, to be able to take the results we get.
because there are berbai countries in which there are regulations prohibiting illegal cryptocurrencies,

[sunsilk]

Two sides for the KYC implementation for the bounty hunters, some will agree and fine with it but most aren't because they are trying to hide their identities.

I think they dislike it because the implementation is on the wrong timing, they seem to be changing if the hunters were done with the bounty then the manager is going to change it into KYC required.

[Buttermellow]

Because this is contrary to the logic of the crypto market. The crypto market must contain confidentiality, but the exchanges and the ICO projects no longer operate without kyc.

Yes, you are right and this is the main reason not only to bounty hunters but for the investors or contributors as well that will not going to agree with KYC due to the cryptocurrency offers which is anonymity.
Another thing is that the KYC will refrain bounty hunters to join their other accounts in that project for them to earn more. I had seem to see many of them cheating and enrolling an account which is being registered already copying their bitcointalk name, profile and telegram but different spreadsheet number and different paying address.

[jakezyrus]

First of all not only bounty hunters will hate kyc , me myself isnt a bounty hunter but i hate kyc because this is another cause for scam . not all ico's are legit and they may use the name kyc in order to steal people's identity and they can sold it for profit or they use it for illegal activites .

Another reason is kyc is verry hassel to do . you need passport or drivers licens and you also need to take a pic yourself while holding it .  not all people can do these because not all are travelling abroad or driving a car , thats why its nearly impossible to obtain these kind of id's .

[Gabteb]

There are many  reasons project you join could be scam and your personal info be in risk,somtimes KYC is not just passport but more and hunter cant give all they need ,somtimes you do everything prject isnt scam but its failed and you dont get anything.

[MintCondition]

There are many  reasons project you join could be scam and your personal info be in risk,somtimes KYC is not just passport but more and hunter cant give all they need ,somtimes you do everything prject isnt scam but its failed and you dont get anything.

Its better to do KYC once the project over, they will for sure give time for those who didn't pass it yet, just keep updated, some banks related crypto will usually do KYC and I think its fine since there are different regulations stands for crypto in many countries now.

[elitemobb]

Because many of the bounty hunters want to deceive the project and seek out their benefits. it's just that many people create for themselves several accounts on different social networks and create different content in order to get more funds

[ecnalubma]

A lot of bounty hunters ask the bounty manager and the team of the project if kyc needed or not.
Why they ask about that?
Do you think it is good for projects and for bounty hunters to implement KYC.
What is the advantage of KYC for both.
I like to know from all and thank you in advance.

KYC implementation is part of self regulation, In bounties technically most projects are doing this to prevent cheaters from taking advantage. I am pro regulation so definitely KYC is not an issue to me, unless I found out that the project is sketchy or malicious then I will not send my personal information but only the one that are legit.

[EdenHazard]

Most cryptocurrency users has been comfortable with their anonymity, they use cryptocurrency to obtain additional income or source income without being known by others. In addition, if they give their identity to an exchange or another, it is highly probable that their identity will be seen by others, especially the government, which will provide good regulation for cryptocurrency users on the condition that each user must pay taxes.