Am done with KYC

[red4slash]

we must be able to distinguish between kyc which is beneficial and which is not. sometimes kyc is announced at the end of token sale. for me if we give kyc only for a $ 25 gift, I don't think it's worth giving our identity. we can count the losses we bear if bad things happen to us, moreover there are doubts about the potential of the project for the future

So research is needed before giving anything, including giving KYC, because there are also projects that are feasible for us to give KYC even though the future of the project is not necessarily bright or good.

while doing the most important KYC can indeed ensure that the project that we trust for KYC can store our data safely, it is more important than the results of KYC because when we do so we sacrifice our personal data that must be strictly protected. therefore the security and purity of the project must be examined more deeply

[ilovealtcoins]

KYC at the first time was very advanced, solved multiple account problem.
But then, like other trend, it became more popular and then, people start to cheat. Scam projects used KYC too, just to make their plants seem more reliable. Essence is no different, scam is scam. don't trust some kind of that glory thing.

[Chainsmokers]

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

I myself also don't really like the existence of KYC where we have to give our personal information to others who we don't know and don't know who they are. Maybe they can misuse our personal information or maybe not, but surely we think that they will misuse our information and their intention may be only to get personal data from others and not to develop their projects.

[dvmmayowa]

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

Are you sure it was okay for you to provide your full identity over the internet with just KYC paying? I think money is not enough if you will going to risk yourself on the crypto community. One of the feature of crypto is the anonymity, and what's the essence of KYC?

Even the big exchange platforms need you to submit kyc before you van withdraw large funds
Its unfortunate we all have been preaching anonymity in the industry but we end up going against what we preach.

Hunters cannot but play by the rules, else they get denied of their payment. The only thing needed to be done is to make proper scrutiny of whichever project you are submitting your kyc to in order to avoid bad occurrences.
Just last month, a project was threatening to report all his bounty participants to the respective authorities of their government for dumping their tokens, thats to show you the level of insanity some projects can go to when they have your kyc details.
Above all, lets be careful!!

[superving]

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

what is the sad part is they will use your info in thier upcoming scam projects.  Kyc should not be done in claiming bounty reward, they should directly send it to every bounty hunter on thier erc20 addresses.

[anjiitem]

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 and

Honestly, i have the same experienced that i have been submitting my informations on the wrong projects which we all hope that they will not used it in illegal activities like scam because we our the one's who will get all the blame, that is why i learned my lesson that i should not trust and get fooled by projects who requires KYC.

This is what many people fear that the personal information we send to people who are not familiar with the reason to get our tokens after completing promoting the project bounty is misused and is our fault for filling in the form kyc and I personally always consider this and may choose not to fill in the form kyc because I don't want the information to be misused.

[daglordjames]

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

some people send their identities for low cost and I think for us bounty hunters doesn't want to give our information to them because it might be bad for us.

[totoy4741]

But the thing is that you don't konwf whether the project is going to develope/successful in the future or not so you have no choice to abide to their rules since you won't get anything in return(bounty rewards) if you don't follow what their rules. But still unfortunately for us, our identity is at stake, it can be used from any wrong doings by someone holdings our identity.

[Vishnu.Reang]

we must be able to distinguish between kyc which is beneficial and which is not. sometimes kyc is announced at the end of token sale. for me if we give kyc only for a $ 25 gift, I don't think it's worth giving our identity. we can count the losses we bear if bad things happen to us, moreover there are doubts about the potential of the project for the future

Even the large exchanges such as Binance are unable to keep KYC information securely. Now how can we expect these smaller exchanges and ICOs to keep the data safe? But in some countries (such as South Korea), the government has made KYC mandatory for investment in the ICOs. In such cases, it won't be the right thing to blame the ICO team for hardships related to the KYC process.

[bison]

we must be able to distinguish between kyc which is beneficial and which is not. sometimes kyc is announced at the end of token sale. for me if we give kyc only for a $ 25 gift, I don't think it's worth giving our identity. we can count the losses we bear if bad things happen to us, moreover there are doubts about the potential of the project for the future

Even the large exchanges such as Binance are unable to keep KYC information securely. Now how can we expect these smaller exchanges and ICOs to keep the data safe? But in some countries (such as South Korea), the government has made KYC mandatory for investment in the ICOs. In such cases, it won't be the right thing to blame the ICO team for hardships related to the KYC process.

I don't think the documents we gave are as serious as you fear. so far I have just gotten the misuse of KYC by getting an e-mail promotion of a new ICO project. I am not so afraid of the abuse of my document. if it is for a crime I think a system would require further verification. when we don't give it, nothing will happen. now there are no documents that we can keep in secret. even documents from google are also sold to several companies for certain purposes, and that's not a secret anymore.

[princesspoppy]

Yes, so true. I also experienced the same things before, I'm giving off my identity to people I don't even know in order to get the rewards/tokens that I worked hard for weeks or months and yet, I don't even receive a good amount of profit or worse, receive nothing but just useless tokens in exchange of my works, so disappointing. And yet, I also joined some campaigns that do not require KYC but they are worth the time and effort. My works on those campaigns are worth it, the payment is good without the need to share my identity. 

[isaac_clarke22]

Thats why its better to think before participating in a bounty. Is the projects realistic to be achieved, identities of the persons involved, are they collecting large amount of money. Participants should build their standards to not get disappointed since these people are asking for your identities.

Realistic and legitimate or not, you shouldn't risk your identity in the internet. This is why I never put too much information even in my Facebook account and even if Facebook =/= KYC, you're still giving away some of your private information. Unless it is regulated by the government which isn't really applies to most, I won't ever show my identity to something just for profit.
The last time I showed my identity only doesn't apply in the internet but when I cash out in remittance centers.

[mcnocon2]

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

Not really but you have a point, there are bounties that have mandatory on KYC for their bounty hunters but they just want to still their personal information. But we must not say that all of them that requires KYC will not pay or will be running away, there are some projects that required KYC but pays and still developing its because of its very strict on their regulations and they just want to comply with their law.

[nickenburg]

Kyc on every project is quite annoing, but in most cases it is necessary, people cant be trusted, they will buy multiple accounts and then join the bounty.

I think in the future we will have a Trusted system where you already Kyc yourself something like Civic and then you only have to apply your Civic Id and be sure Your I.D is safe, and can not be used against you.

If more bounty and even Airdrop projects would accept that I think that would be a good case for the Crypto community, because I know people mostly dont like to give away any information online.

And especially If i try to get people in to Crypto even for the Coinbase earn program people will tell me no because they think it is a scam.

[Kersh768]

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 can also be serious threats and risks that can be associated with that because we are in this forum in the form of anonymity in which we work with the use of usernames in which we do not provide our real and whole identity. But with KYC (know your customer) we are revealing ourselves from anonymity although it is just for the sake of avoiding multiple accounts in a single user, it is still risky to let other people to know information about you to someone else you do not personally know. Well, I understand the essence but still it is risky and the sad thing is that those projects who seeks and requires KYC failed to commit and provide the rewards which seems to be the information you have provided is filled up with nothing in exchange which is seems to be unworthy. So we must limit the information we provide online and just provide those that are not too personal to avoid stealing of identity as well.

[YinShuiSiYuan]

I think in the future we will have a Trusted system where you already Kyc yourself something like Civic and then you only have to apply your Civic Id and be sure Your I.D is safe, and can not be used against you.

You're talking about a trusted third party, so an "escrow" for our ID documents.

In my opinion, this is a very interesting idea, but there is a big fear that such a project would interest very quickly governments of many countries and above all special services and the police.

The idea is good, but someone would have to think about the decentralized form of this kind of document security.

[SarangWallet]

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

Yes, at a glance that KYC is indeed dangerous for our personal data. Because our personal data is related to the country. If this is used by irresponsible people, then they will leak data in one country. But the problem is that it is difficult for us to compare projects that only use our data for business purposes. Some exchanges really do maintain data well. I don't think this will be a problem.

[Ashong Salonga]

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

Yes, at a glance that KYC is indeed dangerous for our personal data. Because our personal data is related to the country. If this is used by irresponsible people, then they will leak data in one country. But the problem is that it is difficult for us to compare projects that only use our data for business purposes. Some exchanges really do maintain data well. I don't think this will be a problem.

I agree. For the sake of our wants to claim our rewards from the projects we have engage and to formally state that we are just using a single accounting which is nothing more and nothing less, the anonymity of our identity have been sacrificed by providing our identities including legal and government released identification card to prove that the information we have provided is true. It just saddened me that after exerting such effort, most or some of the projects thar require KYC for their clients as well as bounty hunters turns our to fail their promises to release the rewards on time and worst is that the rewards are already not released for the project have been dead already. It is just that providing KYC is too risky to us since we provide personal information which is supposedly private and turns out to be unworthy after all.

[flagpara]

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

I think, this project makes token peanuts by release huge coin after listed exchange. For some projects KYC is just an another procedure to reject more bounty hunter. KYC isn't easy work to do instead develop their project. During bull run any project didn't mandatory to submit KYC information.

[BitSat19]

I think in the future we will have a Trusted system where you already Kyc yourself something like Civic and then you only have to apply your Civic Id and be sure Your I.D is safe, and can not be used against you.

You're talking about a trusted third party, so an "escrow" for our ID documents.

In my opinion, this is a very interesting idea, but there is a big fear that such a project would interest very quickly governments of many countries and above all special services and the police.

The idea is good, but someone would have to think about the decentralized form of this kind of document security.

If this happen mean like decentralized document security system then I am its some good number of bounty hunters in projects because they will feel good about this but still is this possible or no because right now we have nothing like this in near future or may be someone doing but we are not aware about this project.