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Author Topic: KYC requirements on BitcoinTalk Bounty Campaigns Become Worst!  (Read 622 times)
Kunotcoin (OP)
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April 19, 2019, 04:15:12 PM
 #1

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?
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April 19, 2019, 04:40:59 PM
 #2

Most campaigns that require KYC for bounty hunters usually won't do well, maybe the KYC will be collected and be sold off in the dark web. Just look for bounty that doesn't need KYC. I have the believe that cheating by hunters can be fought using technology, through different authentication.
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April 19, 2019, 04:42:47 PM
 #3

I think we should limit our participation in campaigns that require KYC, please choose the project carefully.

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April 19, 2019, 05:15:14 PM
 #4

There are still many bounties who do not do KYC and still pay with their tokens. There is even a price. If you do KYC carelessly, then your data can be misused by them.

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April 19, 2019, 05:24:02 PM
 #5

It's my first time hearing a bounty that requires a KYC that didn't accept a national ID may I know what do you mean by too much? Do they required more documents? Well if yes I think it's really for a bounty to ask for more even if its against for spam and abusive users.

A KYC is only for investors and most of the projects accepts national ID to know their legibility but not from a bounty campaign. I suggest to stay away from that campaign as possible also from any bounties and airdrops that requires KYC to be able to participate. Don't sell your identity for a few tokens.

Last thing, can you name the project? So the users here can conduct their own review about the bounty and project itself.


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April 19, 2019, 05:37:13 PM
 #6

It is very bad of them especially those that usually request for KYC after the end of the campaign. It's just a way of denying many hunters of their rewards but I don't have issues with those that requests for it in the beginning of the campaign.

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April 19, 2019, 06:36:35 PM
 #7

The KYC process is bad when you have to send your ID and other documents for just $XXUSD, there is no sense of that when you're not investing money into the project.
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April 19, 2019, 06:39:40 PM
 #8

Personally, I won't even give my ID to any of these shitty icos.. Some icos might make me send my papers but the others won't even gain my attention. I don't suggest sending your papers here and there.. Keep your privacy because the value that you will earn will not replace your hacked identity if you picked up a scammy bounty.
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April 19, 2019, 06:42:10 PM
 #9


You always have the choice not to submit documents and IDs to them, you are not forced to join the bounty campaign either. What you could do is just to avoid it if you are very concern of your privacy and possible compromise. I'm also against it but we can't just object to it because its their rules so its best not to be subjected to it.


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April 19, 2019, 06:46:44 PM
 #10

There a pkatform currently working to make kyc more efficient and fast you can check on telegram for it CETH

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April 19, 2019, 07:17:14 PM
 #11

Most campaigns that require KYC for bounty hunters usually won't do well, maybe the KYC will be collected and be sold off in the dark web. Just look for bounty that doesn't need KYC. I have the believe that cheating by hunters can be fought using technology, through different authentication.

Lol
I think otherwise

Bounty kyc usually worth nought; we have lots of project that vanished even after kyc applications

So when you say cheating; I agree with you

But there is none that can be done to alter the effects
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April 19, 2019, 07:18:57 PM
 #12

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?

It's most likely the best way to delay payment or to avoid paying bounties. Most bounties would not announce the KYC requirement on campaigns not until the end of the campaign.

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April 19, 2019, 07:20:40 PM
 #13

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?
I honestly think that KYC is overused and should only be tied to token purchase, because right there is where the problem comes from because people would use their coin or token to buy a huge amount of it to do some money laundering that is why the KYC was created and implemented into these ICOs and not  to be used in the bounty campaigns, if they want to limit how much one could earn from their campaign or to counter the abuse of it they should just require the participants to be bitcointalk users with high ranks.
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April 19, 2019, 07:21:43 PM
 #14

When it comes to transparency i agree with it but i am also concerned regarding the safety of the given data thru the KYC procedures and i believe the same goes for the most of us.
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April 19, 2019, 07:24:07 PM
 #15

I don't like KYC, some of them just cheat and use data from participants for their own sake, I assume this because I have seen when they were found and the whole contents of the project are not in accordance with the facts. they are very bad
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April 19, 2019, 07:44:49 PM
 #16

The more we try to avoid bounty campaigns that ask for KYC, the lesser they appear or compel bounty hunters to do the KYC.
What was really happening in those early days of bounty campaigns, that bounty participants were not asked to do KYC and now that they are being coerced to do it.
Is this time now better than then? No.
As a matter of fact, those early days that KYC was not required were much better.
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April 19, 2019, 07:56:05 PM
 #17

When it comes to transparency i agree with it but i am also concerned regarding the safety of the given data thru the KYC procedures and i believe the same goes for the most of us.
Security first before anything else, KYC process for small amount of tokens where there's no assurance whether the coin will gained any value at all,
choosing to be secured and not being carelessly to participate and send important informations about your identity, balance the reason why or why
not to do it before make your decision.

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April 19, 2019, 08:00:56 PM
 #18

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?

Passport and Driving Licenses are widely accepted in all the exchanges and tokens KYC process. Some National ID may not be known to the concern team so for the better side we can use one among the above as I given.
Personally working on bounties and sharing the personal information is not at all good as my understanding.

You can choose the good projects which does not ask those information.

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April 19, 2019, 08:12:53 PM
 #19

Passport is the most popular document so I think it's very normal when there is any bounty require passport for KYC instead of national ID. As I know it's very easy to make a fake national ID but it's almost impossible to make a fake passport, although there are few guys can do it but it'll take really long time and a lot of money. Beside, almost good bounty always require KYC to avoid scammers.
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April 19, 2019, 08:14:40 PM
 #20

Lately i'm just inspect most of the active Bounties in the forum and i even try visit those KYC requiring Campaigns i was find out that some of the campaigns are not accepting national ID's and requiring too much in order to recieve tokens I think its rude and too much what do you think?
In general, I believe that the requirements to be tested by KYC for bounty hunters are illegal. This is contrary to the purpose of the KYC verification, and for some other purpose, it is illegal for us to require our confidential data and passport copies.
However, if such a test is carried out, then it should be at the initial stage of the ICO, so that everyone can see exactly what requirements for such a test are presented and have the opportunity to choose whether to participate or not.
As for the fact that some teams do not accept national documents for KYC, I am absolutely sure that this is done at the stage after the ICO, when they come up with hooks in order not to pay the earned tokens.
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