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Author Topic: KYC SHOULD BE STOPPED FOR BOUNTY HUNTERS  (Read 55958 times)
biznes35
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April 01, 2019, 04:13:36 AM
 #521

i totally agree with you friend but also i think that kyc system should be turned off because it puts us in danger of scam.
jvper
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April 01, 2019, 04:16:01 AM
 #522

What is KYC? It means knowing your customer. In KYC some requirements are required such as: Full Name, Residence address, Citizenship, Birth date, Photo of government issued ID (Driver’s License, Passport, ID card),
Social Security number or Tax Identification, Bank Statement, Utility Bill, Photo of bank card .

I honestly think kyc should be stopped for bounty hunters, reason being that we are not buying the token of the project ,rather we are rendering services  to create awareness for the project. Which ought to be paid for.

In another view, if a bounty hunter has to go through KYC ,then it should be at the start of the bounty, during registration, if accepted or passed, then you go on with the bounty.

I did a bounty which i passed, and earned some amount of the token, but i failed kyc and my effort was gone just like that, after rendering my services to them by promoting the project. I got really pained.

This is just an example of what is happening.

What do you all really think about kyc for bounty hunters?

I don't understand what "origin of the funds" is going to be checked from bounty hunters, considering they offer effort, not money.
gensol
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April 01, 2019, 04:31:45 AM
 #523

It's an April fool prank take a closer look at the requirements it's asking for your credit card details which it will share with tax and revenue officers, it's asking for your crime at least one  Grin what KYC does that please. It's hilarious how the forum got an uproar from this prank.
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April 01, 2019, 05:27:01 AM
 #524

I agree that there is KYC enforcement, for bounty hunters because it will make it difficult for scammers to carry out their mission, but I am disappointed with the rewards I get on a bounty project, when the KYC that I give is not commensurate with the income or payment I get.
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April 01, 2019, 05:40:25 AM
 #525

You know, at the beginning of 2018 it was legit problem and something could be taken as a measure, because at that time KYC has just appeared for hunters.
But now 1 year has passed and nothing can be done about it, so just forget!
neither kyc nor does it provide many changes. what should be changed is the quality of ico which is currently very bad and no longer gets the trust of the community
I think 90% hunters don't trust in KYC because fear about personal identity abusing in another platform issue. There are no way to believe project management. But i don't think some changes should be in KYC without it's should be close.
You are right but sadly there is nothing they can do, because without do KYC verification, they will not receive their token payment from the bounty. So the must do KYC to able to get the tokens. I think bounty hunters know that when they join a bounty that need KYC.
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April 01, 2019, 06:01:01 AM
 #526

It is a complicated decision that requires some deliberation. Most projects perform kyc to adhere to the laws of the land where the office is located. And the laws usually require any holder of their tokens to have done kyc. This is why they enforce it on hunters

zauna35
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April 01, 2019, 07:18:40 AM
 #527

This is such a difficult topic .. very many nuances .. now there is a tendency that bounty organizers promise much but then they don’t want to pay, this is where the KYC procedure comes to help, as many don’t want to reveal their identity for various reasons .. On the other hand, I read a lot here on the forum, how people are outraged by the KYC procedure, but tell me what has changed? some are outraged, others gladly shove their documents into all sorts of dubious projects, thus proving once again to the organizers of such bounty that the bounty hunters are ready for everything, including revealing their identity ... bounty hunters, we will never unite and will not be able to stand together against the rules that we don’t like, because, as practice shows, when it comes to money, every man for himself. these are the realities (
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April 01, 2019, 07:34:59 AM
 #528

You know, at the beginning of 2018 it was legit problem and something could be taken as a measure, because at that time KYC has just appeared for hunters.
But now 1 year has passed and nothing can be done about it, so just forget!
neither kyc nor does it provide many changes. what should be changed is the quality of ico which is currently very bad and no longer gets the trust of the community
I think 90% hunters don't trust in KYC because fear about personal identity abusing in another platform issue. There are no way to believe project management. But i don't think some changes should be in KYC without it's should be close.
You are right but sadly there is nothing they can do, because without do KYC verification, they will not receive their token payment from the bounty. So the must do KYC to able to get the tokens. I think bounty hunters know that when they join a bounty that need KYC.
The bad thing is the developer always forced the bounty participants to fill it when the developer must try to deal with the regulation on its country to determine does it really needed by them.
But remember EU has GDPR and any ICO must be compliance with it.

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Paul Pogba
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April 01, 2019, 07:57:30 AM
 #529

Right, KYC is a good thing to make sure there are no fraudsters, as we know that bounties are used for earnings, when they get paid then sell at any price so that the altcoins price drops.
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April 01, 2019, 08:19:58 AM
 #530

There are both KYC and non KYC requesting projects, it is us who decide in which we need to participate. Every legit project will request for the KYC from the investors which is a must. As some countries have been restricted in participating on ico's, only through KYC these investors can be restricted. There are users who invest without going through the terms for investment.

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Chika08
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April 01, 2019, 08:24:28 AM
 #531

Yes another bounty hunter with kyc phobia. Why not avoid projects asking you for kyc since you don't like it? Why bother yourself if the project asks for kyc. Leave the hunters that are ready to submit kyc go ahead and look for bounties without kyc simple
Newmusa
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April 03, 2019, 09:11:18 PM
 #532

Yes am fully support of this , kyc should be stop because kyc is know your customer  and don't  think bounty hunters are customers, they are just promoter. And  if is to reduce chance of multiple account I believe there is another way in which multiple account can be curtail.

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superving
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April 03, 2019, 11:04:31 PM
 #533

Even i dont like kyc in bounty campaigns, why they need kyc if they can send the rewards on the wallet address of each participant. What will they do to our private details if we submit kyc.

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April 03, 2019, 11:54:24 PM
 #534

That is a good call from the OP, because it is quite unbecoming and very painful that you lose all that you have imputed into a project, asll in the name of kyc, which in my opinion, is Aldo not necessary.
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April 04, 2019, 12:44:27 AM
 #535

Even i dont like kyc in bounty campaigns,

your not alone . i dont also like kyc and im pretty sure that many people dont like kyc because kyc is simply a hassel especially to a regular user that does not invest  or dont do any major business aside from doing bounty and airdrop  .

why they need kyc if they can send the rewards on the wallet address of each participant.

yes they can always send the reward to the wallet of each participants but they wont do it unless the user complies to thier kyc requirements . the reason they need kyc is maybe to reduce the abuser .

What will they do to our private details if we submit kyc.

they will just scan if there are duplicates and they will store it in a one place  . if they are shady they might use it on other shady acts  .

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April 04, 2019, 01:55:58 PM
 #536

You know, at the beginning of 2018 it was legit problem and something could be taken as a measure, because at that time KYC has just appeared for hunters.
But now 1 year has passed and nothing can be done about it, so just forget!
neither kyc nor does it provide many changes. what should be changed is the quality of ico which is currently very bad and no longer gets the trust of the community
I think 90% hunters don't trust in KYC because fear about personal identity abusing in another platform issue. There are no way to believe project management. But i don't think some changes should be in KYC without it's should be close.
Except if developers convince investors and their partners (bounty hunters) that their identity will not be misused and remain safe.
and it will be worthed with the benefits they will get.
Definitely we are all bounty hunters want to this type of agreement from developers or project partners, of course they have to strongly assuring our data or identity than KYC will be effective for everyone. People don't support KYC just because of scared.
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April 04, 2019, 10:06:25 PM
 #537

You have a few possible scenario's
KYC for bounty hunters means much tough for multi accounters to participate. It's hard to pass many KYC
Bounty owners making hard for hunters to be eligible for payments. Less eligible participants, less money to them.
Owners come from the country, there are strict rules about the banned country from crypto and they don't want to risk with people from "risk" countries.
Owners want KYC just to be more "serious" in public.

You always have a choice, is it worth to share your identity for a few bucks.

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maximumcoin
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April 05, 2019, 07:54:54 AM
 #538

KYC for bounty hunters means much tough for multi accounters to participate. It's hard to pass many KYC
Bounty owners making hard for hunters to be eligible for payments. Less eligible participants, less money to them.
These are one of main reasons why bounty managers ask for KYC to get payments.
However, I wonder about the privacy of those identities used for KYC to get bounty payments.
What happen if bounty hunters do KYC to get payments from scam projects?
At the end, they might not get payment but it is not the worst things for them.
Losing identities to scam projects is the worst things, and they don't know what will happen with those identities later, risk of losing money.

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April 05, 2019, 09:45:18 AM
 #539

Even i dont like kyc in bounty campaigns, why they need kyc if they can send the rewards on the wallet address of each participant. What will they do to our private details if we submit kyc.
I agree with you that I least like it when there is a campaign that must include Kyc, because I consider that any personal identity cannot be given to anyone without us knowing what it will be used for? can it be believed that identity can be used for things that can be justified? I will always avoid from the first if there is a campaign there must be a kyc.
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April 07, 2019, 10:55:10 AM
 #540

I think kyc is not a good direction for bounty hunter and It only needs to be implemented for the ico investors. For bounty hunter if kyc is needed then it must be released before starting the bounty. In my opinion, After the end of the bounty kyc sought the direction of one type of scam.
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