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Author Topic: Why Bounty Hunters Hate KYC !!!  (Read 93888 times)
newdevices
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January 18, 2019, 11:24:48 PM
 #201

There is nothing wrong with Kyc, but I don't like it because identity is very important, there is no legal guarantee
if there is an abuse of identity that we provide, this is very risky especially when there are so many project frauds.
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canaveralnonie
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January 18, 2019, 11:55:36 PM
 #202

What i know,  KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many  Hunter run away  ! Why? Is it  because  people  don't want review their identity  for security  reason  or people  are joining campaign  with bot software .. 

For me, I'm not against on that kind of procedure ( just to make sure that the project is worthy and willing to pay me a good quantity reward tokens ), for the reason of my privacy measurement. Also, I don't have a multiple account.. so I don't have a problem on bounty farming style which is the main reason why some of us ( bounty hunters ) hate this kind of KYC/AML, because it's against the usual rule " No multiple account allowed" in every bounty rules specially in signature campaign and etc. Also, KYC required a sort of ID and supportive documents, which sometimes we don't have on random speculation of time.
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January 19, 2019, 12:00:05 AM
 #203

What i know,  KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many  Hunter run away  ! Why? Is it  because  people  don't want review their identity  for security  reason  or people  are joining campaign  with bot software .. 

Bounty hunters does not really hate kyc, they just don't want their identity to be traced or hacked. Nowadays many are using other identities to spam on bounty campaigns, that's why some ico requires kyc.

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January 19, 2019, 12:03:29 AM
 #204

I don't think bounty hunters are against KYC!
I think it's the other way around. As a former bounty hunter, I'm 100% in favor of KYC!!! I lost too many for fake accounts.

Of course, it's always a bit scary to give your personal data to an unknown entity, that could be proven as scammer.
That is the main reason why some people are against.

I’m in favor of transparency and banning scammer/account farmers.
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January 19, 2019, 12:12:09 AM
 #205

It has often happened that every ICO that uses KYC has a number of projects which apparently do not provide tokens. And bounty hunters have graduated in conducting KYC but until now they have not received tokens. And the value of tokens for bounty hunters is also uncertain so many people are disappointed with KYC procedures.
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January 19, 2019, 12:15:21 AM
 #206

I joined several times bounty with the condition that must pass through KYC, and unfortunately until now I have not received a payment or is not yet available on the market, this is what makes me hate joining bounties or airdrops with KYC terms.
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January 19, 2019, 12:16:06 AM
 #207

What i know,  KYC means Know Your Customer ! Bounty hunters are there to Support ICO Project to spread the word about the project .. BUT as soon as the Project manager mention KYC then many  Hunter run away  ! Why? Is it  because  people  don't want review their identity  for security  reason  or people  are joining campaign  with bot software .. 
I do not about what KYC is , to investor it is important to know your customer , but for bounty hunters also it should not be applicable for them to have kyc because they where only the ones who spread the projects to have a reward for their works. Kyc for me is only important to the investors of an ICO to know the real identity of them to be part of the ICO projects.

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January 19, 2019, 01:16:39 AM
 #208

personally i'm not going to projects that want kyc. really don't want to give my information in any way anymore.

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January 19, 2019, 01:44:46 AM
 #209

Because there are some of them who have many accounts to follow airdrop and bounyy campaigns, so they hate when told to do KYC
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January 19, 2019, 02:43:12 AM
 #210

I agree with having a regulations with KYC verification but still afraid to give my personal data that I know that can make his/her appearance be known by online scammers. I don't blame those projects that are really successful to their platform but what I have concern is those scammers that are scattered everywhere that can really make you feel afraid to lose your investments but still I followed their KYC verification.
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January 19, 2019, 02:53:16 AM
 #211

Many people are disappointed with KYC procedures because they do not want their identity to be misused. Especially when giving up their personal identities, they don't know whether they can be trusted or not. Like what often happens when they do KYC, but they don't get the promised token.

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January 19, 2019, 03:05:40 AM
 #212

Your documents or identity can be compromised if you share those with someone whom you do not know. Who will secure that your documents will not compromise? That's why bounty hunters do not want to do KYC. In some countries, cryptocurrency is illegal and they do not want to reveal their identity for that reason.

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January 19, 2019, 03:12:28 AM
 #213

Actually this applies to some bounty hunters only I have sent my KYC documents many times in all bounty that requires this procedure, the only hunters that hates this KYC thing is the multi-account participants to cheat more stakes so that they can earn huge amount of tokens but with the KYC they have a less chance to do it since it requires identity verification.

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January 19, 2019, 03:22:21 AM
 #214

one reason surely is they don't want to bother with a wide range of KYC requirement. Moreover, when it knows that they are getting paid are not comparable with what they sacrifice in the form of identity. Another reason, however it has a nice effect is to reduce multilingual user account cheating. so, of course, the breeder many accounts will be a hassle when faced with KYC.

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January 19, 2019, 03:22:55 AM
 #215

I believe that because it give difficulty on bounty participant after their struggle on promoting the project, and when the time for distribution came, they should done some complicated thing to get their right.

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January 19, 2019, 03:43:44 AM
 #216

I believe that because it give difficulty on bounty participant after their struggle on promoting the project, and when the time for distribution came, they should done some complicated thing to get their right.
it truns out that those who complain about the regulation to KYC to the bounty hunter, not just me. and it is true, why we have done our work, we must be difficult to get our payment

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January 19, 2019, 03:44:03 AM
 #217

Bounty Hunter  Pleases inconvenience feeling out the KYC. bounty Hunter just join the bounty campaign. they not buy token. so KYC is extra painfull for bounty Hunter. more than, kyc is something difficult and Disturbance. so bounty Hunter hate kyc.
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January 19, 2019, 05:14:37 AM
 #218

Can I ask a question, is it illegal if you send a fake KYC. Not totally fake, but information of other person with his/her permission. For example your friend, because sometimes I don't have enough I.D. or supporting document needed.

Just wondering guys Smiley
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January 19, 2019, 05:55:10 AM
 #219

KYC is good for determining who are your customers or users of your digital coin. But for the person who signs the KYC, it is something because personal information can be stolen so easily and may be used for something else that might not be good for him. Identity thief is a common problem in some areas or localities today.

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January 19, 2019, 05:59:14 AM
 #220

Most times kyc was initiated to tackle fake users. But then some projects have become mischievous and can use kyc to get rid of hunters which is not fair

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