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Author Topic: Am done with KYC  (Read 22082 times)
veraro
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April 14, 2019, 11:07:56 AM
 #201

I agree it's unpleasant when bounty require KYC, but there are a legal reasons for that i suppose. It's a condition of participation. If you don't like it just don't take part in this. And i don't think KYC mean that the project is scam. There are a huge number of scam project with KYC and without. We have to choose more carefully.

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April 14, 2019, 11:16:58 AM
 #202

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
We should not send our personal information to any project. It will be wrong and it may affect you in the future. You should only buy the KYC from others and use it. that way is quite good and the price of KYC sets is quite cheap.

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April 14, 2019, 11:48:39 AM
 #203

Absolutely. We give up our privacy each day to FB and Google so doing it to each party that don't provide any protection is completely ridiculous.

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April 14, 2019, 12:46:56 PM
 #204

Don't follow KYC with bounties.

It's not really worth to exchange your IDs with their worthless coins.
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April 14, 2019, 01:03:06 PM
 #205

If I could remember very well the projects I've promote in the past that doesn't pay for my hardworking are the ones that implemented KYC for all bounty hunters so since then I've learn to walk away from ICO asking for KYC to promote there projects
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April 14, 2019, 01:15:29 PM
 #206

Same as me, i mean base also in my experience her from the start i joined or as a bounty hunter i get paid in my first two bounty which do not required me a KYC. And one of my two bounty which is required KYC failed and the other one is still waiting. But besides all of this i still do joined bounty that required KYC because i do not see anything dangerous about KYC.

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April 14, 2019, 01:24:31 PM
 #207

KYC process itself becomes very, very dangerous. I am sure that you understand this. The process itself seriously endangers your identity. Perhaps there are people who have already understood this and people still do not do KYC
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April 14, 2019, 01:26:35 PM
 #208

It seems to me that KYC contradicts the very concept of cryptocurrency that Satoshi Nakamoto voiced in 2008. But alas, this is the reality of today.

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April 14, 2019, 01:38:46 PM
 #209

As you can see in today's bounties there are lots of bounty but others become scam or unsuccessful so it's also frightening to the bounty required by the kyc because when you give out your information and have not been successful they can use it for other person to get someone else's scam or scam and the pain of scamming your information is so much so that people can get more bounty hunter wondering why it's a requirement and not the bounty I can say kyc should not be required in bounties because of their privacy that they should not know for their safety.
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April 14, 2019, 02:34:17 PM
 #210

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
KYC is not a guarantee for the success of a project. "Know your Customer" as the name goes is chiefly for verification purposes thus to eliminate the double and bot entries. It also gives the project a clue on how strong and supportive their actual community is. For this reason, every investor or bounty participant is required to perform a personal study on a project before joining in order to ascertain its authenticity, capabilities and if KYC will be required.
Absolutely right, there's no way we can determine the success of the project through its verification method.
KYC is only needed to prove that the user is real, not a fake account. And besides that is only for better security.
There are other ways to verify the user. It is better to do the KYC procedure for the creators of the project. But in this case it will be KOD (Know Our Developer) Grin or like this. At least to some extent this will complicate the lives of scammers.

cribusen
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April 14, 2019, 02:42:40 PM
 #211

There are several problems of a KYC process by bounty hunters. On the one hand, a KYC process needed to be announced before the launch of a bounty programme, to avoid misunderstanding. On the other hand, team members are free to do what they think is good for project.
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April 14, 2019, 03:05:43 PM
 #212

Yeah! Better to ask for KYC requirement at first. But there is one thing which is best thing for it. There is a rules which the bounty manager should initiates this. They only got the kyc requirements of every participants once the distribution of token is final to avoid stealing of personal identity of others.
each manager or team has a different policy. sometimes there are announcements that do not need KYC but after the campaign is finished they announce a new rule for charging KYC. we as bounty hunters can only follow to get rewards. as long as the requirements are still normal I don't think it's a big problem.
we have to calculate with its reward value too.personally i will not pass kyc if its value only small amount.i am prefer to keep my document than give it to strenght people.
But where did you know if that will be valuable or not when it's not yet even listed on the exchange site? but this just like a gamble your identity with a bunch of coins. I will not do that because that's my privacy and that must get protection from the strange person include developers.

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April 14, 2019, 05:03:47 PM
 #213

I don't like to participate in any bounty campaign that requires kyc because most of the time the kyc requires much  stress before you can pass kyc and at the end of the campaign the project may not success.

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April 14, 2019, 05:14:55 PM
 #214

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
Most of the bounty hunters hate KYC for obvious reasons but still the bounty team asking to complete KYC if you want to receive tokens after the completion of bounty which is very unfair so people have to ask the team while joining and make it clear about whether they will ask for KYC or not.

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April 14, 2019, 05:16:31 PM
 #215

Yeah! Better to ask for KYC requirement at first. But there is one thing which is best thing for it. There is a rules which the bounty manager should initiates this. They only got the kyc requirements of every participants once the distribution of token is final to avoid stealing of personal identity of others.
each manager or team has a different policy. sometimes there are announcements that do not need KYC but after the campaign is finished they announce a new rule for charging KYC. we as bounty hunters can only follow to get rewards. as long as the requirements are still normal I don't think it's a big problem.
we have to calculate with its reward value too.personally i will not pass kyc if its value only small amount.i am prefer to keep my document than give it to strenght people.
But where did you know if that will be valuable or not when it's not yet even listed on the exchange site? but this just like a gamble your identity with a bunch of coins. I will not do that because that's my privacy and that must get protection from the strange person include developers.

Maybe if you get a lot of coins from the results of the new bounty, you will do KYC if the results are small, you don't need to do it because it's not comparable to what you send your data to.
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April 14, 2019, 05:17:11 PM
 #216

Yes, all ICO coin development depends on the Team. If they have a very solid Team, surely the tokens will be immediately listed on the Exchange. I see that this KYC is not a determinant of an ICO project that works or not. You still have to be careful and take the time to check.

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April 14, 2019, 07:22:20 PM
 #217

You shouldn't overgeneralised for you not to miss out of a solid projects that might need kyc in the future. Though there are bad actors out there that collect kyc details with bad intentions in their heart but that doesn't mean there are not good ones, we just need to be careful

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April 14, 2019, 08:05:04 PM
 #218

It's wrong for a project to state at the beginning that there is no KYC for hunters, and afterward because of trying hedge out some hunters in other not to pay hunters, they will introduce KYC, this is against the rule of fair play. All terms and conditions should be constituted at the beginning and should be strictly adhered to. Such projects who would later introduce KYC after end of bounty either will scam or just evaporate if they ever get listed on the market.
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April 14, 2019, 08:13:46 PM
 #219

You shouldn't overgeneralised for you not to miss out of a solid projects that might need kyc in the future. Though there are bad actors out there that collect kyc details with bad intentions in their heart but that doesn't mean there are not good ones, we just need to be careful
not all KYC is bad because the last time I followed Airdrop that needed KYC and was proven to produce.
so we cannot call all KYC bad because it depends on the developer or team in the project.
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April 14, 2019, 09:41:11 PM
 #220

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

All of you are right. Look at how many personal data and passports are walking in the network, all of them are laid out by fraudsters, who obtained the data of people after passing through the KYC.
You see the requirement to go through KYC - do not participate in these projects.

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