Post
Topic
Board Altcoin Discussion
Re: Bounty needs KYC to receive reward?
by
Vilagra
on 07/10/2018, 10:55:34 UTC

Reasons:
- To control spam
- To avoid users who uses multiple accounts
- To avoid cheaters
- To avoid abusers
- To get personal infos and used to illegal works (It might be right?)


KYC doesn't help to avoid multiple accounts and cheaters, I know some people that pass KYC for 30 -50 accounts in good projects and then sell these accounts to investors who want to invest but don't have an account, in similar way a bounty hunter can pass KYC multiple times using documents of his/her friends or relatives. How does KYC control spam? It's unclear for me.