KYC for bounty hunters

[bakasabo]

Although this will prevent cheatings.

How can passing KYC help to fight cheaters? There are tons of passports, id and drivers licenses available for free in the Internet. With little photoshop skills you can edit someone else document and make it look like original. MS Paint can even do that. Just select letters from the picture and copy/paste them in right order and voila, document has your name and surname.

Bounty managers and projects does not created "bounty hunter-his ID" database. For example I can participate in one campaign as George Bush, and in other as Vladimir Putin. No one knows who is really behind account or monitor.

KYC does not prevent cheating, it just scares lazy cheaters from participating.

[Dessy88]

You should know that you do not need your own personal documents to pass kyc because fake documents you can be created. On the other hand the amount of good bounty has decreased so many hunters will not agree to participate if you make kyc compulsory. Personally I don't want to waste my time to pass this kyc because the amount of best bounty is less and there is no money.

[layoutph]

Exactly most bounties now are Defi, so there is no need for KYC. Anyone can use UniSwap to exchange tokens. If a bounty ask for KYC then there must be an dark intention of getting your information. I dont see the reason of asking for KYC. As long as the bounty hunter are doing their task right why ask for KYC!

Although this will prevent cheatings. I am also concern with our privacy and also privacy of other bounty hunters. I know there might be a 50-50 chance of getting a legit bounty. Some of them are scammers and might also use our credential from our passport. Using the scanned photo of our passport to register or to purchase something in our identity. This is a dangerous!

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

There are so many scam projects now, I think the KYC request is necessary but too dangerous. Many guys can take advantage of bad projects to get user information, bounty hunters risk losing money in the future. So now all projects no longer require KYC with bounty hunters.

At the moment, most of the bounty campaigns are DeFi. Most of them do not have a Whitepaper and the dev team is anonymous. It would be quite strange and irrational for an anonymous project to require KYC verification. When there was an ICO bubble, then most projects had to be very transparent to attract investors, which is why bounty hunters were also required to pass KYC verification.

[FairUser]

Exactly most bounties now are Defi, so there is no need for KYC. Anyone can use UniSwap to exchange tokens. If a bounty ask for KYC then there must be an dark intention of getting your information. I dont see the reason of asking for KYC. As long as the bounty hunter are doing their task right why ask for KYC!

Honestly, KYC or AML is only needed when it comes to partners to buy, sell and exchange new projects through ICO, IEO, IDO,... But now i think it's not so important for everyone. people who started using DEX more and also looking for opportunities to add their assets by investing in new (not scam projects) projects. Also, I want to talk to OP about monetization platforms like bounty, give DAO Maker a look.

[TheUltraElite]

You should know that you do not need your own personal documents to pass kyc because fake documents you can be created. On the other hand the amount of good bounty has decreased so many hunters will not agree to participate if you make kyc compulsory. Personally I don't want to waste my time to pass this kyc because the amount of best bounty is less and there is no money.

True many cheaters will use methods to circumvent but the kyc verification services are also very careful. They get the verification data from other sources and rarely make mistakes. However if they can be fooled or not is not known to me. I doubt suspecting them to be able to pass fake kyc without proof is going to prove anything. We don't know for sure since no real cheater would actually reveal this.

Anyway I agree that bounties are nowadays a waste of time. Still there are many people still going for them and hence a method needs to be there to prevent fraudulent activity. How this can be done is tough for me to say.

[freedomgo]

Anyway I agree that bounties are nowadays a waste of time. Still there are many people still going for them and hence a method needs to be there to prevent fraudulent activity. How this can be done is tough for me to say.

There are people who still do bounty because it's still possible earn money from bounty.

We can say that bounty campaign is not attractive anymore since majority of the bounty are scams, but these people who do bounty certainly have a lot of time to waste, and they'll be happy with small reward. However, I don't agree with submitting your KYC just for bounty, you didn't know what you are risking in return in exchange for a penny.

[jessyj48]

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

You should tag or report such bounty hunters that are using multiple accounts to cheat a bounty campaigns, it's against the forum rules, talking about it without proof doesn't make sense, I don't like KYC verifications because of my identity information safety, not because of anything else and I'm sure many are just like me on here

[VDraci]

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

You do have a point but it would have make more sense if all KYC requesting projects can pay bounty hunters, I'm guessing you haven't join a bounty campaign that ask for KYC and still not pay bounty hunters in the end and they went to list on exchanges like no one can hold them for not paying hunters.

[TheUltraElite]

There are people who still do bounty because it's still possible earn money from bounty.

False promises go a long way to fool innocent but less experienced newbies, as it can be seen. That money you are referring to is dust and its better to do something else than go with dust. For example, they can join the bitcoin paying signature campaigns which are worth doing.

We can say that bounty campaign is not attractive anymore since majority of the bounty are scams, but these people who do bounty certainly have a lot of time to waste, and they'll be happy with small reward.

I think they realize with time though if they still have some brain matter present in their skull. I know the initial enthusiasm and happiness, but with time it wither off. But there is always some newbie ready to join that hype train.

However, I don't agree with submitting your KYC just for bounty, you didn't know what you are risking in return in exchange for a penny.

Exactly, you should no give your personal information to a shady organization which might just turn out to be a scam tomorrow. Many users dont understand this well.

[bitterguy28]

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

You do have a point but it would have make more sense if all KYC requesting projects can pay bounty hunters, I'm guessing you haven't join a bounty campaign that ask for KYC and still not pay bounty hunters in the end and they went to list on exchanges like no one can hold them for not paying hunters.

Most of the campaigns are scams or very low value. The bounty hunter is both working and selling the KYC, it's very unfair. This requirement is no problem with escrow campaigns because 100% participants will receive payment.

But still many of you are joining right? when the truth is you already Knew those things.
If you are not profiting already then that's the time to leave and find another way to make good income.

[MuffinMaster]

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

You do have a point but it would have make more sense if all KYC requesting projects can pay bounty hunters, I'm guessing you haven't join a bounty campaign that ask for KYC and still not pay bounty hunters in the end and they went to list on exchanges like no one can hold them for not paying hunters.

Most of the campaigns are scams or very low value. The bounty hunter is both working and selling the KYC, it's very unfair. This requirement is no problem with escrow campaigns because 100% participants will receive payment.

But still many of you are joining right? when the truth is you already Knew those things.
If you are not profiting already then that's the time to leave and find another way to make good income.

We are not talking about whether bounty campaigns are profitable or not. The problem is that often, anonymous dev team projects require KYC verification. In my opinion, this is hypocrisy and a very strong signal that the project is not honest.
Unfortunately, I am afraid that this discussion will continue forever, or until the crowdfunding with tokens will be legally regulated.

[adzino]

You should know that you do not need your own personal documents to pass kyc because fake documents you can be created. On the other hand the amount of good bounty has decreased so many hunters will not agree to participate if you make kyc compulsory. Personally I don't want to waste my time to pass this kyc because the amount of best bounty is less and there is no money.

Making fake Identity Document is illegal. And as far as I know, all KYC IDs are passed through third party verifier where they can validate the documents. If you provide them with fake ID, they will know. Unless they don't use any third party or even try to verify the documents, you won't be able to pass. Though that would be suspicious. I mean, what do they do with those IDs then?
And don't send your ID for those shitty rewards. Once they scam you, the next thing they are going to do is sell your ID on the blackmarket to make some extra profit.

[Enzo05]

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

Every Bounty there will be people who want to get more rewards and they do multiple accounts but verifying participants is the job of the bounty manager to make the bounty clean and fair that's why they were hired to handle the bounty. KYC is not the answer to solving multiple accounts in bounties
 

[MuffinMaster]

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

Every Bounty there will be people who want to get more rewards and they do multiple accounts but verifying participants is the job of the bounty manager to make the bounty clean and fair that's why they were hired to handle the bounty. KYC is not the answer to solving multiple accounts in bounties
 

Well said! A good bounty manager should be able to find and remove scammers and multiaccounts farmers. Unfortunately, even the KYC verification cannot be sure that the data is real. Someone in this thread has already written that it is possible buy someone's identity for even $1 in the darknet. 

[leea-1334]

Making fake Identity Document is illegal. And as far as I know, all KYC IDs are passed through third party verifier where they can validate the documents. If you provide them with fake ID, they will know. Unless they don't use any third party or even try to verify the documents, you won't be able to pass. Though that would be suspicious. I mean, what do they do with those IDs then?
And don't send your ID for those shitty rewards. Once they scam you, the next thing they are going to do is sell your ID on the blackmarket to make some extra profit.

Never mind if it is illegal it WILL be used against you. People will pay so much money for this, and your identity can be sold to many third parties. To know your data, to even clone your identity and worse to commit crimes in your name that you will never probably even ever discover until you actually get apprehended.

Not worth it!

[Enzo05]

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

Every Bounty there will be people who want to get more rewards and they do multiple accounts but verifying participants is the job of the bounty manager to make the bounty clean and fair that's why they were hired to handle the bounty. KYC is not the answer to solving multiple accounts in bounties
 

Well said! A good bounty manager should be able to find and remove scammers and multiaccounts farmers. Unfortunately, even the KYC verification cannot be sure that the data is real. Someone in this thread has already written that it is possible buy someone's identity for even $1 in the darknet. 

That is why if you want to join a fair and clean bounties try to join bounties that are managed by a professional bounty manager that has long experience in dealing with this kind of issues and always remember that participating in bounties is always a choice and taking a risk is our choice

[TheUltraElite]

That is why if you want to join a fair and clean bounties try to join bounties that are managed by a professional bounty manager that has long experience in dealing with this kind of issues and always remember that participating in bounties is always a choice and taking a risk is our choice

Bounty manager is not going to take part in dealing with such an issue, you have to understand that the bounty manager is only a servant in the hands of the team owner who is also being paid by them for organizing the bounty. If the team wants to force a KYC on the participants then everyone has to follow that including the bounty manager, whatever be the stated reason.

A bounty manager can be a long time one and a reputed one, but financially deprived vaporware being spread on social media about some shitcoin being the next bitcoin or the next big thing in crypto does not help the manager at all. End of the day the bounty scene is pretty messed up with the advent of KYC, this I agree with. Hence my suggestion is to move away from bounties and go for bitcoin paying signature campaigns.

[Rexler]

No doubt this would have decreased the rate of cheating in all bounty campaigns, but saying there should be a compulsory kyc for a bounty would make you get less participants, apart from cheating there are alot of people who are more concern with their privacy om the web, so telling them to do kyc for a bounty campaign is a no no for them , personally I don't participate in any campaign that involves kyc my identity is important to me.

[freedomgo]

No doubt this would have decreased the rate of cheating in all bounty campaigns, but saying there should be a compulsory kyc for a bounty would make you get less participants, apart from cheating there are alot of people who are more concern with their privacy om the web, so telling them to do kyc for a bounty campaign is a no no for them , personally I don't participate in any campaign that involves kyc my identity is important to me.

I guess the risk here is on the bounty hunters, how can we assure that our information will not be sold in the black market. These people can use fake accounts or profile and it's possible that they will just run a project to collect our information.. we have to understand that there's a lot of scams online and we might not only waste our effort here but we are also at risk of an identity thief since we provide them our real information.

[OasisDre]

As good as KYC sounds not all new projects will want to use KYC because they either see no need to it or their project is a decentralized project, only centralized projects can find it more easier to implement KYC verifications