Post
Topic
Board Altcoin Discussion
Re: Bouty and KYC
by
allycn
on 15/08/2018, 19:56:21 UTC
KYC has recently been asked to finish the bouty program. This makes it difficult to update people's information. For example, participants did not update information, or some people were afraid of giving out their information because it was confidential, or some KYC could not be updated because of some program error. .
With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.

I have mixed feelings about KYC. On one hand it takes away the "pseudonymity / anonymity" of crypto, and I don't like the idea of sharing confidential info with strangers, but on the other hand it helps reduce the possibility of bounty hunters trying to take advantage of campaigns using multiple accounts, in a way it makes the campaign seem more legit. However, I do agree that KYC should be announced at the beginning of the campaign, or at the latest within the first couple weeks). When they add that requirement towards the end, or just before counting stakes I feel like it is a way to cheat on participants and not pay everyone.