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Author Topic: Why Bounty Hunters Hate KYC !!!  (Read 93909 times)
pealr12
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March 29, 2019, 11:58:17 PM
 #681

Even i dont want that KYC. Why? Because i dont want to give my personal infos to a project that i do not know cause they migjht use my info to scam or even worst as that.
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March 30, 2019, 04:17:08 AM
 #682


not all bounty hunters hate kyc .  like for example me , im also a bounty hunter but i like the purpose of kyc because i see that kyc can help out filter the abusers from the legit one's ( investors/bounty & airdrop participants )  while at the same time kyc owners or the company can protect them selve's against  ilegality  . they did also protect the consumer or the investor against money laundering act/law  .  that's few of what i learn from a kyc  .
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March 30, 2019, 08:48:27 AM
 #683


not all bounty hunters hate kyc .  like for example me , im also a bounty hunter but i like the purpose of kyc because i see that kyc can help out filter the abusers from the legit one's ( investors/bounty & airdrop participants )  while at the same time kyc owners or the company can protect them selve's against  ilegality  . they did also protect the consumer or the investor against money laundering act/law  .  that's few of what i learn from a kyc  .

I guess I can still be considered a bounty participant, but maybe no longer a hunter because I gave up all the work more than a year ago, deleted all my FB and Twitter content and don't even log on anymore. I'm still on a signature campaign but I'm hoping it's long term and never need to give it up, and I'm happy to promote the service for as long as I use it.

But yeah, like you, I'm not against KYC just for the sole purpose of hating KYC. I personally feel if I'm gambling and giving business to people, they shouldn't need to verify me, but sure, if the business needs to do it to comply with the law, what can I say?

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March 30, 2019, 01:44:59 PM
 #684

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 .. 


Everyone bounty hunter has the right to refuse those KYC implementations because they know that hacking is very rampant in the internet. Even facebook gets down because of hackers so it's very risky to hand out your documents to people you don't know who has it. I know in twitter campaign, there are a lot of fake participants but managers can fix it even without KYC.
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March 30, 2019, 05:12:24 PM
 #685

Who can guarantee the confidentiality of our identity will not be misused later? that is the question that arises when doing KYC. no one can guarantee that confidentiality, for that I avoid most if there is KYC. all can differ opinions but I feel KYC deserves to be avoided, until there is a belief that confidentiality can be fulfilled.

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March 30, 2019, 11:13:18 PM
 #686

Who can guarantee the confidentiality of our identity will not be misused later? that is the question that arises when doing KYC. no one can guarantee that confidentiality, for that I avoid most if there is KYC. all can differ opinions but I feel KYC deserves to be avoided, until there is a belief that confidentiality can be fulfilled.
What about the KYC blockchain process, I think there is no doubt to do it.
I did it to get xlm, I'm sure my data is safe. You can try it and it's trusted.

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March 31, 2019, 04:27:02 AM
 #687

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 .. 

We can say both, but in my case, I really don't want KYC or know your customer because of a lot of reported data leak, some past ICOs that are not existing anymore are selling their investors and bounty hunter's sensitive details in the dark web, and this are proven.
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March 31, 2019, 05:24:24 AM
 #688

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 .. 

We can say both, but in my case, I really don't want KYC or know your customer because of a lot of reported data leak, some past ICOs that are not existing anymore are selling their investors and bounty hunter's sensitive details in the dark web, and this are proven.
This is one of the reasons make all the bounty hunters to be afraid of giving out their details.People say we all are giving legit details and when we are legit no need to panic for doing it but people can abuse our data for crimes so we don't have to give our details to someone online.

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March 31, 2019, 05:32:03 AM
 #689

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 .. 
Man cryptocurrencies are anonymous by default, Why do they need our personal data anyway ? In cryptocurrency sphere where 80% of ICO  are scam you have to be cautious who you give your ID especially when you will get small amount $ for that. Think about it.

No one hates KYC and if you have not cheated any bounty, it is not hard to do KYC. The main problem is that most of the ICO are scams and we never know that the documents we send to them, they might use it in scams or illegal means. For me, if someone proofs that the ICO is not a scam and they will not leak our documents, i am Ok to send them.
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March 31, 2019, 06:02:45 AM
 #690

Indeed there are many people avoiding KYC, as you say because they want to protect their identity for security. The average person who is in Crypto is a person who really maintains their identity for security, because crypto is still vulnerable to misuse of identity so many people are afraid of their identity being misused. Moreover, there are many ICO whose status is unclear and end with a scam, so it is very risky to share their identity on KYC.

It is indeed not a good idea to submit your KYC to ICO or other non-trusted sites. I have been known that few of the companies sell our KYC on the dark web and criminals can abuse our legal documents in any way and we would have no control over it.
I mostly avoid the KYC to be on the safe side and do not risk for few dollars.

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April 04, 2019, 05:54:35 AM
 #691

No make sense, unreasonable , how's it possible for KYC for bounty to prevent money laundering?  For those who follow join in bounty please re-consider. due to misuse / abuse / selling information in future. Totally high risk.
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April 04, 2019, 06:27:52 AM
 #692

Without KYC it is not possible for the company to distribute the coins, now most of the companies are asking for KYC in order to get our tokens. That's why it is always good to join in bounty which company is not asking for KYC. Bounty people don't want to share their identity with the unknown users.
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April 04, 2019, 05:13:52 PM
 #693

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 .. 

Maybe because they don't have any valid id's or it could be they are criminal or what. But for me as a bounty hunters its fine for me to submit it according to their requirements. There's nothing wrong with when it comes to that matter. And KYC is top prevent cheaters and scammer something like that.
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April 04, 2019, 05:23:07 PM
 #694

No make sense, unreasonable , how's it possible for KYC for bounty to prevent money laundering?  For those who follow join in bounty please re-consider. due to misuse / abuse / selling information in future. Totally high risk.
no, i think it's reasonable for bounty have KYC, because this methode can elliminate cheater in bounty campaign, if we participate Bounty are managed by bounty management like Wapinter,Btcltcdigger, etc i trust them, but if just personal manager i don't trusted the KYC applied in their bounty

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April 05, 2019, 01:23:23 AM
 #695

No make sense, unreasonable , how's it possible for KYC for bounty to prevent money laundering?  For those who follow join in bounty please re-consider. due to misuse / abuse / selling information in future. Totally high risk.
no, i think it's reasonable for bounty have KYC, because this methode can elliminate cheater in bounty campaign, if we participate Bounty are managed by bounty management like Wapinter,Btcltcdigger, etc i trust them, but if just personal manager i don't trusted the KYC applied in their bounty

The problem with handling KYC to 3rd-parties is that you dont know what they are going to do with the data collected. Especially that some require a passport ID
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April 05, 2019, 02:22:44 AM
 #696

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 know that KYC is a confirmation of your current place you are living so that they know if the coin will be given to you.
some bounty hunters dont have the requirements for the KYC thats why sometimes they lose hope on getting their coin .

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April 05, 2019, 09:58:14 AM
 #697

For me, the identity that we have must not be known by what we may not know and what to do !! obviously with the presence of Kyc, I will obviously avoid it. because obviously I don't want our identity to be misused later. and no one can guarantee that identity will not be misused. I will always avoid kyc.
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April 08, 2019, 04:01:29 PM
 #698

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 .. 

Probably both, but the thought that there is a big possibility that your sensitive information will go through the black market will cause a big fear even for those honest bounty hunters if there is no such fear then bounty hunters are obliged to go through KYC verification.

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April 08, 2019, 08:46:44 PM
 #699

I don't like to pass KYC as it takes a long time and I don't understand why the developers my data . Cryptocurrency in General is created as an anonymous means of calculation, and then offer to send a scan of the passport or Bank statement. Embarrassed

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April 09, 2019, 10:27:15 PM
 #700

I hate kyc cause some of the bounty campaigns you need to provide kyc but in the end when you already done submitting the project will become worthless, you only submitted your kyc to a scam ico.

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