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Author Topic: Why a lot of bounty hunters dislike KYC ?  (Read 1013 times)
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November 11, 2018, 11:26:48 PM
 #61

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.
It's just hard to adopt something that requires risking our identity, so we better make sure that what were giving our identities with our with legit any legal companies having right process.

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November 12, 2018, 06:10:05 AM
 #62

There is no objection if the project is good but the problem is with the fake project who is asking for KYC because whether they will misuse our identity. So we have to be very careful with ICO, before joining any bounty we have to verify them in either way whether they are legit or not.
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November 13, 2018, 04:51:58 AM
 #63

Is because they are afraid to use their identity by many scammers in the crypto world, because mostly scammer want to hide their own identity so they use other identification to hide their own identification.

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November 13, 2018, 07:58:32 AM
 #64

I really hate the existence of KYC because this notification is sometimes very sudden if the bounty I follow must use Kyc to receive tokens or coins, all identities are afraid to be used by irresponsible people who use our personal data

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November 13, 2018, 08:34:40 AM
 #65

Maybe because of trust issue as many people online are scammers or just gathering data of someone to use it in something else. Of course you will think twice to give your info online to those person whom who only knew for a few months.
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November 13, 2018, 12:08:11 PM
 #66

Why do they hate it? Actually there are two reasons why bounty hunters dislike if the project requires user a KYC document.

1. They have multiple accounts in bitcointalk forum and if they were asked to submit KYC documents they will be caught in joining the campaign with multiple accounts.
2. KYC stands for "Know Your Customer" It was used to investors to know their credibility as an investor and to do a background check to avoid money laundering and other illegal works that's why It shouldn't be asking in joining the bounty campaign since the users who joined from it are just promoters of the project.

If some campaign is asking for a KYC documents they only have 2 reasons:
1. To get your personal data
2. To avoid cheater/abuser users in the bitcointalk forum


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November 14, 2018, 06:10:08 PM
 #67

Because of their identity, their identity reveals after the KYC. They know very well about how does the scammers will make the bad use of that profiles. That's the reason behind on the bounty hunters hate on KYC.
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November 14, 2018, 09:59:27 PM
 #68

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.
Because even most of them have filled KYC requirements and they can get nothing as per the result of their works.  In fact that KYC needs a lot of requirements and sometimes there was a chance to the project that they have already participated to become a scam project and this will put their data on the risk.
Yeah, it's like trading your personal information for their token but it turns out that you are the one who's been fooled by them. Most bounties these days requires KYC but sad to say most of the bounty hunters avoid that kind of ICO specially if they don't see such good result on their research of that project.
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November 15, 2018, 06:18:36 AM
 #69

because sometimes the KYC is requested after the ICO project succeeds not at the beginning of the ICO but at the end of the ICO.
and what is certain is that the person who does not complete KYC will usually not be paid by the project.
sometimes as a bounty hunter we don't really see how the project develops and how the process is distributed.

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November 15, 2018, 11:12:24 AM
 #70

Because of their identity, their identity reveals after the KYC. They know very well about how does the scammers will make the bad use of that profiles. That's the reason behind on the bounty hunters hate on KYC.
It's well known in the internet that you shouldn't trust anyone with your identifications. It's popular that there's identity theft that can happen even with the legit projects. It's also a wide market that companies are doing.

They have database for those ID's and they can do anything with it such as selling, keeping and using for other things. And the worst is to get involved with a shady activity using your ID.

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November 15, 2018, 04:34:49 PM
 #71

because sometimes the KYC is requested after the ICO project succeeds not at the beginning of the ICO but at the end of the ICO.
and what is certain is that the person who does not complete KYC will usually not be paid by the project.
sometimes as a bounty hunter we don't really see how the project develops and how the process is distributed.
sometimes it also became an unwelcome conversation, because some people did not prepare it, and some ICOs did not provide the conditions when the ICO began. well, because of that, many people don't like it very much, even though that is a natural thing.
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November 16, 2018, 10:44:40 AM
 #72

because sometimes the KYC is requested after the ICO project succeeds not at the beginning of the ICO but at the end of the ICO.
and what is certain is that the person who does not complete KYC will usually not be paid by the project.
sometimes as a bounty hunter we don't really see how the project develops and how the process is distributed.
sometimes it also became an unwelcome conversation, because some people did not prepare it, and some ICOs did not provide the conditions when the ICO began. well, because of that, many people don't like it very much, even though that is a natural thing.
We were used on earning without doing such thing, now almost all ICO tends to do it which is uncommon that we need to do now since regulation rises in crypto world .

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November 16, 2018, 01:07:54 PM
 #73

Because they don't invest anything and often companies don't pay for bounty hunter work. It's unfair system, because most part bounty hunter have a small profits or nothing. I hate ICO's making everything to not pay bounty.

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November 16, 2018, 11:57:58 PM
 #74

too complicated, I guess it shouldn't be complicated. Kyc requires an old process and the data sent does not get a security guarantee.
this is the reason for the majority, besides that KYC is easily faked.
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November 17, 2018, 01:48:37 PM
 #75

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.
Because even most of them have filled KYC requirements and they can get nothing as per the result of their works.  In fact that KYC needs a lot of requirements and sometimes there was a chance to the project that they have already participated to become a scam project and this will put their data on the risk.
Yeah, it's like trading your personal information for their token but it turns out that you are the one who's been fooled by them. Most bounties these days requires KYC but sad to say most of the bounty hunters avoid that kind of ICO specially if they don't see such good result on their research of that project.
At any angle bounty hunters would really end up having no choice or the ones would really be on risk no matter which option they would take. Good
project selection on initial phase wont guarantee of success.You might succeed to earn tokens without KYC but you can possibly earn trash tokens.For now
KYC requirement do signify legitimacy but not all because there are lots of scams do exist.

R


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November 17, 2018, 11:17:08 PM
 #76

Because they scared to take their identity and use it to scam the others. That's why some of bounty hunter ask first if the campaign have KYC. But now a day's I think bounty hunter is immune in this because lot of project now have a KYC before we get a reward.

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November 18, 2018, 11:52:32 AM
 #77

KYC is used to find out the identity of a person and I think it no needs to be used for a bounty hunter because for what  find out about the identity of a bounty hunter? while investors more need KYC than bounty hunters. I think KYC does not need to be done for bounty hunters, investors are more important to implement KYC.

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November 18, 2018, 03:34:19 PM
 #78

Because they scared to take their identity and use it to scam the others. That's why some of bounty hunter ask first if the campaign have KYC. But now a day's I think bounty hunter is immune in this because lot of project now have a KYC before we get a reward.
I think many bounties are still not implementing and requiring KYC for their hunters. That's normal that someone is scared of sending his identity to any person because its normal thinking that on internet you shouldn't trust any person with your identity. Even the legit exchanges are also being suspected of selling identities of their including emails of their customers. That's why sometimes we ask ourselves on how on Earth did we received an email from such companies.

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dunfida
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November 18, 2018, 09:09:49 PM
 #79

Because they scared to take their identity and use it to scam the others. That's why some of bounty hunter ask first if the campaign have KYC. But now a day's I think bounty hunter is immune in this because lot of project now have a KYC before we get a reward.
I think many bounties are still not implementing and requiring KYC for their hunters. That's normal that someone is scared of sending his identity to any person because its normal thinking that on internet you shouldn't trust any person with your identity. Even the legit exchanges are also being suspected of selling identities of their including emails of their customers. That's why sometimes we ask ourselves on how on Earth did we received an email from such companies.
Once we have inputted our email on somewhere then expect it do really have the tendency to be scattered that's why I do make dummy emails when I do tend to make some sign-ups
Don't make use of your main ones because these emails will surely come in no matter what would be the purpose.
Even legit ones doesn't mean we can fully trust them because they do already have our credentials they do have the full control and the decision on what they would like to do.

KomodoStrikes
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November 18, 2018, 11:00:17 PM
 #80

I think the reason why a lot of bounty hunters dislike KYC because of the idea that some ICO scams are just selling the information (KYC) they got from their bounty participants.
Aside from fooling investors from their scam ICO, they also earned profit from the the KYC sent by bounty participants.

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