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Author Topic: KYC for bounty hunters  (Read 1007 times)
nangthothan
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November 11, 2020, 05:12:03 AM
 #61

If they want to pass the KYC then that's easy. In the opposite direction, there are many fraudulent projects and user information. This is something that has been around for a long time, so I think let's get used to it !
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November 11, 2020, 12:10:07 PM
 #62

it's no fair for bounty hunter if they will be asked for kyc and the project is a scam. actually both the bounty project and the participants are cheating both so i really don't think its necessary for the bounty hunters to conduct kyc in my opinion.
If the project is a scam and is still asking for KYC then you can be pretty sure the data will be sold off to some darknet marketplaces. Also someone in the forum will post a scam accusation explaining the situation and that should stop the majority of the hunters who still have an intact brain. The rest braindead bounty hunters will be scammed like this and thus the cycle of frustration>depression>new bounty joining will go on.

KYC seems unnecessary, because what developers need is that we can introduce the products they develop,
for bounty hunters their job is only to advertise products and for investors, KYC may be really needed
The point is brought up more these days because there are many cheaters who use more than one account to spam the bounties and essentially defraud the project funds.

R


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December 05, 2020, 10:34:12 PM
 #63

really it's not fair and totally unless thinking kyc for bounty hunter because at this moment less amount good bounty and many projects want cheating by bounty hunter after finish bounty action. Bounty hunter make a promotion missions so why team would kyc! I can't understand. Do you know many hunter now avoid those bounty who's want kyc step.

Lots of bounties now that do ask out for KYC which is fully contrary on what people do like into this market which is mostly talking about anonymity thats why
it wont really be that appealing to give out KYC if you are a bounty hunter and to know that those people are just advertisers and theres no point for them
to comply about sending out verification just for them to be eligible for payout which is totally a bullshit thing for those project owners on giving it out.
So as a bounty hunter you do already know on what to do.

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December 06, 2020, 07:08:48 AM
 #64

I think it is not really necessary, for KYC i think only necessary for the big investors who still look at bounty, there are not many projects that bring a lot of money for the hunter, the BMs will be able to afford. The ability to evaluate this depends on the requirements of the project but i think KYC for hunter is unnecessary as there are now many people using fake KYC to join bounty.

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December 06, 2020, 10:35:14 AM
 #65

I have seen so many bounty people make multiple accounts and cheat bounty campaign, is it not possible for forum or bounty managers to make kyc compulsory for bounty guys?
Those who have done kyc will get instant approval

That's not the bounty managers call to implement KYC, some projects are complete open source and they don't see any need to collect people's identity for any reason sake, some new projects are even decentralized, how will such project implement KYC? It's breaking the law of decentralization isn't it?

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December 06, 2020, 08:02:10 PM
 #66

I have seen so many bounty people make multiple accounts and cheat bounty campaign, is it not possible for forum or bounty managers to make kyc compulsory for bounty guys?
Those who have done kyc will get instant approval

That's not the bounty managers call to implement KYC, some projects are complete open source and they don't see any need to collect people's identity for any reason sake, some new projects are even decentralized, how will such project implement KYC? It's breaking the law of decentralization isn't it?
Some projects require by law to get kyc done for all their token holders

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December 06, 2020, 10:51:12 PM
 #67

I have seen so many bounty people make multiple accounts and cheat bounty campaign, is it not possible for forum or bounty managers to make kyc compulsory for bounty guys?
Those who have done kyc will get instant approval

That's not the bounty managers call to implement KYC, some projects are complete open source and they don't see any need to collect people's identity for any reason sake, some new projects are even decentralized, how will such project implement KYC? It's breaking the law of decentralization isn't it?
Some projects require by law to get kyc done for all their token holders
At least they'll announce it during the campaign, not after the campaign.

Actually, I still did not think that those project that requires KYC is better than those which does not require, most of the bounty I earned in the past does not require a KYC and it's really easy for us to join maintaining our privacy in the crypto space and such bounty does attract a lot of campaigners.

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December 07, 2020, 05:32:38 AM
 #68

I have seen so many bounty people make multiple accounts and cheat bounty campaign, is it not possible for forum or bounty managers to make kyc compulsory for bounty guys?
Those who have done kyc will get instant approval

That's not the bounty managers call to implement KYC, some projects are complete open source and they don't see any need to collect people's identity for any reason sake, some new projects are even decentralized, how will such project implement KYC? It's breaking the law of decentralization isn't it?
Some projects require by law to get kyc done for all their token holders
At least they'll announce it during the campaign, not after the campaign.

Actually, I still did not think that those project that requires KYC is better than those which does not require, most of the bounty I earned in the past does not require a KYC and it's really easy for us to join maintaining our privacy in the crypto space and such bounty does attract a lot of campaigners.
II think that it's not about the result of the project.
It's about regulation. Some projects have done KYC verification to create act prevention for the worst situation. KYC will not determine the result of the project but it's about the law. I do agree if there are so many projects who have not implemented KYC for their hunters but it can still be a successful project but this depends on where the project is being launched.

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December 07, 2020, 06:07:10 AM
 #69

I think it is not really necessary, for KYC i think only necessary for the big investors who still look at bounty, there are not many projects that bring a lot of money for the hunter, the BMs will be able to afford. The ability to evaluate this depends on the requirements of the project but i think KYC for hunter is unnecessary as there are now many people using fake KYC to join bounty.
Eh, are you aware that many bounty hunters are using more than one accounts to spam the bounties and defraud the team? They are not only but taking away the payout that could have been given to someone else. Therefore a idea of enforcing KYC on bounty hunters came into view and many bounty management services were going for that in order to release the tokens or otherwise forfeit them back.

Point is that this lead to another problem - the hunters claimed that KYC was being misused and therefore should not be enforced.

Honestly speaking it ends up being a mess, we have supporters of no-KYC bounty participants citing the reason to be identity theft and we have pro-kyc bounty participants who want the cheater hunters to get exposed and ousted from the community.

R


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December 07, 2020, 07:59:32 PM
 #70

I think it is not really necessary, for KYC i think only necessary for the big investors who still look at bounty, there are not many projects that bring a lot of money for the hunter, the BMs will be able to afford. The ability to evaluate this depends on the requirements of the project but i think KYC for hunter is unnecessary as there are now many people using fake KYC to join bounty.
Eh, are you aware that many bounty hunters are using more than one accounts to spam the bounties and defraud the team? They are not only but taking away the payout that could have been given to someone else. Therefore a idea of enforcing KYC on bounty hunters came into view and many bounty management services were going for that in order to release the tokens or otherwise forfeit them back.

Point is that this lead to another problem - the hunters claimed that KYC was being misused and therefore should not be enforced.

Honestly speaking it ends up being a mess, we have supporters of no-KYC bounty participants citing the reason to be identity theft and we have pro-kyc bounty participants who want the cheater hunters to get exposed and ousted from the community.
Not really that necessary to impose KYC just for the sake of trying to kill or get rid of such abuse or multi accounts by other verifying methods which it is one of the jobs on where
the bounty manager would really able to do just to solve out that problem.Even though it might not be perfect because detecting multi-accounts or alts is nearly impossible for them
to be resolved on but i do see some campaigns which do succeed on having no experience of that problem.

On the ethical side of things then expect that people wont really be minding about giving out some spots to someone and as long they do able to make advantage of the said
bounty pool and can possibly earn tons of money later on when those tokens got have some value then that what would matter most.

If we do think up clearly where KYC shouldnt really be asked out by some verification but due to abuse then i might consider this as a valid excuse.
This is why its up to someone to choose if they would push through KYC based type of bounty or would skip it simply.

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December 08, 2020, 08:18:04 AM
 #71

really it's not fair and totally unless thinking kyc for bounty hunter because at this moment less amount good bounty and many projects want cheating by bounty hunter after finish bounty action. Bounty hunter make a promotion missions so why team would kyc! I can't understand. Do you know many hunter now avoid those bounty who's want kyc step.
that's right dude, we should not give our personal identity document to unknown person especially for bounty campaign which is many people know this decentralized market and no need kyc to start work here. anonymous was be nature in crypto market. and there is no guarantee we will received good amount that worth with our document, most of bounty token dumped in market.
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December 08, 2020, 09:13:11 AM
 #72

As a bounty manager, I would never support the idea of implementing KYC to Bounty programs. it is not possible in this forum. unless all data are collected manually (which is a pain in a...)
2 do that. every bounty manager would need their own website with kyc implemented features. or every project has to kyc their bounty hunters which is another headache.

I think a good bounty manager know how to eliminate cheaters (with proper checkings and some proof of authentications) bots and cheates have a pattern in spreadsheets. and a bounty manager can easily spot that.

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December 08, 2020, 10:59:02 AM
 #73

that's right dude, we should not give our personal identity document to unknown person especially for bounty campaign which is many people know this decentralized market and no need kyc to start work here. anonymous was be nature in crypto market. and there is no guarantee we will received good amount that worth with our document, most of bounty token dumped in market.
It isn't really necessary at all. Bounty hunters shouldn't be required for doing so. But if it is valid and they're asking for it and you're disagreeing with it, you can have your own way and would just avoid that bounty that's asking for it.

If the bounty managers require doing it and they have a valid reason for doing so. Still, you have the choice to comply or not. A lot of bounty hunters would disagree on it because there were times that their data and ids were collected for misuse or even suspectedly sold.

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December 08, 2020, 11:10:36 AM
 #74

I have seen so many bounty people make multiple accounts and cheat bounty campaign, is it not possible for forum or bounty managers to make kyc compulsory for bounty guys?
Those who have done kyc will get instant approval

but the thing is do you want to Send KYC just for a fake projects? how can you be so sure that the company will be paying you so your details will be send to them?

There are previous projects that gained HardCap in their ICO and after that make the hunters wait for Months and when they come back asked KYC for the Hunters then believing they are gonna be paid hunters has no choice but to Send and what happen?Their KYC is taken with their payments and the team Gone forever.

Why would a Hunter do this?unless the company will Use escrow for the assurance of Payments then i guess sending details will not be a problem.

Though in desperation Hunters will take this just to have a chance earning no matter what happens in the end.

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December 08, 2020, 11:22:14 AM
 #75

Lots of bounties now that do ask out for KYC which is fully contrary on what people do like into this market which is mostly talking about

I have an opposite experience. In last 3-6 months I have seen only few bounties who write that passing KYC is necessary. They warn about it from very beginning. Even the bounties that I have taken a part did not ask to pass KYC after the bounty has ended. Maybe because I'm very selective and don't participate in each and every bounty. What I see, that bounty section is filled with yearn/defi/swap campaigns and they usually don't ask to pass KYC.

R


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December 08, 2020, 02:45:20 PM
 #76

I can comprehend it's significance, however somehow the trend is quite opposite to implement KYC. It can prevent some damages in short term but in the long run hunters will be losing their interest. Assume a venture run with the topic of decentralization but impose the KYC for bounty hunters. Implement KYC system even against the motto of digital currencies.
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December 08, 2020, 07:34:06 PM
 #77

Lots of bounties now that do ask out for KYC which is fully contrary on what people do like into this market which is mostly talking about

I have an opposite experience. In last 3-6 months I have seen only few bounties who write that passing KYC is necessary. They warn about it from very beginning. Even the bounties that I have taken a part did not ask to pass KYC after the bounty has ended. Maybe because I'm very selective and don't participate in each and every bounty. What I see, that bounty section is filled with yearn/defi/swap campaigns and they usually don't ask to pass KYC.

Even more of the team members doesn't show them selves so why would they ask for other details. Most of the defi project out there doesn't have announcement thread and team members is anonymous that is the reason why they don't ask for their advertiser to make a kyc.

If I remember correctly this KYC asked only because they don't want investors from us to invest in them , then other project also do the same things which is not really necessary to do if you are only looking for investors.

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December 08, 2020, 07:57:51 PM
 #78

How do you identify with kyc whether a person is using more than two ID? Besides, there is not much money to be made from the bounty at this time, so what can be the profit by wasting time by kyc!

I think the idea of ​​kyc is just fleeting and a waste of time. Moreover, how reliable do you think it is to make one's personal consolation to another person?.
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December 09, 2020, 07:01:41 AM
 #79

How do you identify with kyc whether a person is using more than two ID? Besides, there is not much money to be made from the bounty at this time, so what can be the profit by wasting time by kyc!

I think the idea of ​​kyc is just fleeting and a waste of time. Moreover, how reliable do you think it is to make one's personal consolation to another person?.
Those who are giving their KYC just try to waste their identity to get pennies even it's not so many times that the hunters got zero reward from sending or completing the KYC verification.
We should have learned a lot from there too.
There are so many successful projects without try to make the bounty distribution being very complicated with KYC verification but it that was a requirement from the local jurisdiction and hunters can do nothing about that.

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bitterguy28
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December 09, 2020, 01:39:12 PM
 #80

I have seen so many bounty people make multiple accounts and cheat bounty campaign, is it not possible for forum or bounty managers to make kyc compulsory for bounty guys?
Those who have done kyc will get instant approval

If we can escrow our KyC to remain being intact and Private why Not?the problem is We knew how Valuable KYC in online world,This can be Sold in decent account multiple times That's why we tend to Deny Giving this Publicly .

And regarding Bounty Cheating?This is what needs to stopped but i believe that requiring KYC is not the best solution because this breaks our rights here in forum to have privacy.

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