Am done with KYC

[trudovik]

Many people have already understood that all this is a meaningless process that causes so many fears for personal data. Therefore, it seems to me that all this can definitely worsen the situation.

[darewaller]

You are absolutely right, most of the project requesting for KYC don't make it to hardcap and even those that have managed to, the BM will find a way to deprive us of the bounty by continuously rejecting KYC

Usually KYC is supposed to be a tool to be used against money laundering, majority of them don’t even make use of the KYC we are talking about has we have many investors that has put in Large fund into the coin without any verification, I see it as just a camouflage and no effect or impact it has on the market.

I think it is even the project developers or exchanges that need to show the users legal document that will show that they are real and also safe to transact business with such exchange or invest in such ICO, but nowadays, I don’t think we still have much projects imposing ICO on the investor.

[Icologies]

Many people have already understood that all this is a meaningless process that causes so many fears for personal data. Therefore, it seems to me that all this can definitely worsen the situation.

of course, our personal data might be misused for projects that request KYC I personally would be surrender than mengasi my personal data to project project ICO

[raven7886]

I don’t remember why we need KYC, using it we lose the main goal of cryptocurrency: anonymity. Most projects do not really enter the market, but my documents are required to receive coins (tokens). And what is the probability that my data will not be sold on the Internet? Developers need to use KYC so that users know who is really working on the project, there will be no cheating then.

This anonymity in the system is what has been making a lot of scammers succeed in scamming us because they feel cryptocurrency is about that.

When it comes to transaction, maybe creating ether wallet or transferring coins within ether wallet, I don’t think anything like KYC does happen but this is investment we are talking about, a company or exchange cannot just give the liberty to anyone to transact huge amount of money without knowing the person and also verifying that the amount to be transferred largely is not a scam or stolen money. So, I don’t think KYC should really be an issue if the person complaining about it does not have an ulterior motive too about the cryptocurrency.

[vanjava]

I have done KYC to get a token and then the project I am working on actually has no different improvement. in my opinion KYC does not affect the price of token rises or anything. KYC is giving away personal data.

[samcrypto]

It's just a coincidence. In my practice bounty hunter, on the contrary, with the highest amounts of payments came across projects that required the passage of KYC and it says nothing. By itself, the requirements for the passage of KYC does not affect the success of the project. First of all, you should consider the project itself, its idea, team, and so on, and not look for reasons in indirect signs.

There are some projects who really succeed on their ICO despite of asking KYC to the participants but i don’t think its just conincidence because some projects really meant to scam people and collecting personal infos will also their goal. As a bounty hunter we already experience a lot of this, and that’s why even huntets don’t trust any ICO now that much.

[PuertoLibre]

KYC factor is biggest wall against the scammers and bounty hunters with multiple accounts in my opinion. There is a need to make more developments in the future and KYC will develop for the making the procedure more simple.

[AtlantaFive]

I stop joining campaigns who ask for kyc verification because i don't want my identity to misuse by them. Some bounty too have kyc but failed to deliver at the end. You earn nothing but dust and your personal information is with them. That's why i'm very picky when it comes to choosing bounties.

[renault18turbo]

Unfortunately crypto became too scammed and I would suggest to think twice before participating in KYC.

[MakeMoneyBtc]

Yeah, KYC should necessarily be a sign that a project will become successful in the future. Recently most projects have started to ask for KYC just because that's what everyone is doing and I think this is a bad decision because a lot of potential clients now ran away because they don't want to reveal their own identity.

[Sarastiche]

KYC  is just an avenue for developers to know there customers that does not have a direct impact on the value of the token, Thou several scammers who disguise as ICO developers use the KYC plaform for data collation, it does not mean alll ICO developer that ask for KYC  are scammers.

[Bloodseekers]

Yes, i think i agree, bounty hunter should not fill KYC form, and we know many project which required kyc not success, even be scam, and i dont know the reason why bounty hunter must kyc, If for prevent multi account i think using another ways, not kyc, because our data is so sensitive

[trashman43]

For some reasons I think KYC is good for the crypto ecosystem. I believe this will help project managers and team know the people or investors they are working with. Which will also help them to identify scammers on their platforms.

[Cryptrx]

Same here with me. Bitcoin is in actual sense supposed to be anonymous peer to peer transactions, any bounty that asks for kyc won't be for me.

[andika2018]

Yeah, KYC should necessarily be a sign that a project will become successful in the future. Recently most projects have started to ask for KYC just because that's what everyone is doing and I think this is a bad decision because a lot of potential clients now ran away because they don't want to reveal their own identity.

We never know which project will success in market. KYC is only to comply government regulation and i think its good for investment climate. I think if the project is good and have potential, investor will keep investing because every investor want to make profits

[aioc]

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

There are ICO that the primary motives is just to do KYC because people's vital information is selling hot in the dark web,  and the funds they've got from ICO are just bonus, after that they can delete everything because they have lots of bounty hunters who submit their information to them.

[Stargazer]

It's not like that! KYC is not a measure of a project's success or failure. It is just a process to verify the investors and supporters! Many big projects did not ask KYC, but a project with 1 Million caps asked only passport accepted KYC! So, it is just a coincidence that most of the KYC asking project failed even listing on exchanges! Otherwise, I support KYC procedure, and day by day more strict KYC system will come to avoid scammers and hackers from the blockchain industry!

[cchub]

KYC for bounties is not necessary. If they ask your documents for bounties, they are planning something bad. That's my opinion.

[Ranly123]

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

Then choose bounty campaigns which do not require KYC if you are in doubt about it. Knowing there are many scams surrounding cyrptocurrency especially in ICO, so requiring KYC for their project is is one of the solution the devs has come up to prove that they are legitimate and not a scam.

[UniversityCoin]

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

If you see that the bounty campaign requires the passage of the KYC - immediately run away from it. As a rule, such campaigns are conducted by fraudsters in order to obtain your personal data for use in their dark deeds.
In those rare cases when you managed to earn something, they can tell you that you have not passed KYC and will not pay anything.