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Author Topic: KYC Requirement for Bounty Managers before they require KYC to bounty hunters.  (Read 10186 times)
103deltafox
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September 27, 2019, 08:25:01 PM
 #301

I really see no reason for Kyc and that is why one should ask if there is kyc or not before joining a bounty campaign. Also why would the bounty Manager be asked to do KYC? You think the Kyc is imposed by them? they are only arriving according to directives of the project team.

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September 27, 2019, 08:57:30 PM
 #302

At present KYC is a requirement for participants to get paid, but in my opinion this is not reasonable because with the reasons of money laundering I think it is impossible that can be done by bounty participants, but if KYC is only applied to investors, in my opinion reasonable thing because a lot of money invested by them, now my question is, if a project has been completed and kyc has been done, we will send data to the team / manager of the bounty, whether the data will be used by them or the data be stored on a secure server or will the data be destroyed by them after the project is finished?

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September 27, 2019, 09:05:11 PM
 #303

I really see no reason for Kyc and that is why one should ask if there is kyc or not before joining a bounty campaign. Also why would the bounty Manager be asked to do KYC? You think the Kyc is imposed by them? they are only arriving according to directives of the project team.
If there is no KYC, preventing the scam applicants becomes hard for the bounty managers. Teams hire the bounty hunters and the bounty managers are supposed to do the clean job during the management of the bounty campaigns. Asking a KYC will reduce the cheaters and bounty abusers, otherwise, the scammers will use steal the articles from the other forum members. We have seen similar cases in the past bounty campaigns but now the rules are strictly protected thanks to the proper management by the reputable bounty managers. The stake counting is the easy part of the whole story, many things turn at the backside of the door and the shady bounty participants don't hesitate to defend their rights after getting caught during the KYC request.
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September 27, 2019, 09:25:26 PM
 #304

Your argument is plausible but I think financial regulation requires some level of kyc for all stakeholders. The rule in mainstream banking I think holds in crypto-currencies
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September 27, 2019, 09:45:42 PM
 #305

Your argument is plausible but I think financial regulation requires some level of kyc for all stakeholders. The rule in mainstream banking I think holds in crypto-currencies


I agree with you, KYC is a statutory requirement by law to prevent fraud and money laundering. Its a fiscal law set in place to ensure a safe economic space. I Don not see any reasons to decline kyc too irrespective of the party involved as long as the kyc third party company is reputable

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September 27, 2019, 09:48:31 PM
 #306

Maybe the stringent requirements should be lowered both for bounty managers and the hunter but kyc in my opinion is necessary for all involved in this ecosystem
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September 27, 2019, 10:39:36 PM
 #307

If you feel that it is unfair on your end and you think that you can implement the same rules to the manager, stop thinking like that.
It's not going to happen, managers have their own responses to KYC and they have no obligation to do that as for their participants request. Don't join a bounty if you felt that it's been unfair for you.


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September 27, 2019, 10:41:18 PM
 #308

I really see no reason for Kyc and that is why one should ask if there is kyc or not before joining a bounty campaign. Also why would the bounty Manager be asked to do KYC? You think the Kyc is imposed by them? they are only arriving according to directives of the project team.
Absolutely, bounty managers don't want to do KYC for participants because it takes too much time and trouble. They only follow the requirements of the project

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September 28, 2019, 04:34:30 AM
 #309

I don't like projects that require KYC because I don't want to send personal information to untrusted people.
When meeting a project asking Kyc I simply ignored it.


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September 28, 2019, 05:01:57 AM
 #310

I dont think if it will work, it is bettet if the team behind the project will do it first before the bounty manager and those participants, basically the team are those who will decide if they going to pay if the project gone successfully meaning they should be the one who will put their true identity first before anyone.
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September 28, 2019, 05:20:01 AM
 #311

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.
You have to understand that they do it to minimize the acts of fraud that occur. Like doing a multi-account for participate in 1 bounty. That's obviously not fair, because each person only has one share. Such requirements are also sometimes at the request of the project itself to avoid fraud that harms the project. Bounty and airdrop are made as a promotional media, if they are misallocated to greedy people, then they do not benefit from the bounties they hold.
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September 28, 2019, 05:30:21 AM
 #312

No, this is not required at all. KYC information is not asking by the bounty managers, it's come from the team. Bounty manager is not the decision-maker to add KYC requirements for the bounty hunters! You should raise a question about the project's KYC, not for the bounty manager!

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September 28, 2019, 05:36:37 AM
 #313

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.
I think people do feel uncomfortable about their data being given to strangers. but, all the choices depend on yourself. however, the bounty manager must have his own agreement with the team, I chose not to interfere in such matters. 100% of the decision to give KYC is yours, so choose a project that you truly believe will be successful, and be sure to ask whether the project requires KYC or not. I am pretty sure that BM also provided their own data.

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September 28, 2019, 06:05:36 AM
 #314

Maybe the stringent requirements should be lowered both for bounty managers and the hunter but kyc in my opinion is necessary for all involved in this ecosystem
I strongly agree that everyone involved in the project or project ecosystem is required by KYC, so that we can all know that all parties involved in a project are very real, be it managers, hunters, and project teams.
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September 28, 2019, 06:08:41 AM
 #315

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.
Same here, I dont like to send my ID's on some projects as well. I'm not really comfortable, what if they will sell it or use it on illegal activities. But I think bounty managers should submit KYC here in bitcointalk before they launch a campaign so that we are comfortable in participating in their campaign.

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September 28, 2019, 07:18:20 AM
 #316

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.

I think you're not the only who feel that way, there are many of you actually. There are some project now were you can see on the bounty thread if there is KYC or not the BM indicated it already so that bounty participants, will not be able to attempt to ask regarding about KYC. Even no matter how we hate it, we can refuse of that rules and policy. But sometimes there are some BM that are not transparent, from the start there is no kyc then after the main sales end all of a sudden they will implement KYC for them to receive bounty rewards, for me that BM or team of project are cheaters, liar and greedy.
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September 28, 2019, 07:25:48 AM
 #317

 don't need to do it because I think byc for a bounty manager is a strange thing in my opinion, what a bounty manager has to do is quite a few things :
- filter out the clients they handle because so many bounty manager nowadays, they only care about money
- For kyc problem, it must be explained at the beginning of bounty, because some of them are weird, they applied kyc at the end of the campaign
- the rest they must also care about the participants' problems, for example, if there are participants who have problems with their payment address, they act immediately, and also they may have to check the participants who commit fraud (multiple accounts) because this will have little effect on other participants.

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September 28, 2019, 07:31:48 AM
 #318

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.
Same here, I dont like to send my ID's on some projects as well. I'm not really comfortable, what if they will sell it or use it on illegal activities. But I think bounty managers should submit KYC here in bitcointalk before they launch a campaign so that we are comfortable in participating in their campaign.

dont join the bounty then no one force bounty hunters to join the bounty dat need kyc if bounty hunters dont want do kyc then its not bounty managers fault if in the end the participatn not get paid
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September 28, 2019, 07:38:21 AM
 #319

KYC for bounty hunter needed in order to prevent users from using multiple account to do the bounty. Of course if you feel that it's not worth it or insecure giving your data to unknown party, then do not join or apply for be a bounty manager instead
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September 28, 2019, 07:45:49 AM
 #320

Simply put, if you don't like projects that require participants to do KYC, you can avoid them or participate with ordinary projects that don't have to be KYC. if I think a project that requires participants to do the KYC indicates that the project is responsible.
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