The decentralized nature of cryptocurrency seems not be effective when it comes to investing in cryptocurrency, seeing that investors in most cases are asked to do KYC, bounty hunters inclusive.
I do not think investors should be compelled or made to do KYC by submitting their personal data and documents, because project initiators do not stand any risk of losing their money. Rather project initiators or developers should be made to do KYC, in order to gain the trust of investors, who want to invest in their projects.
This is necessary because we have seen cases of scam ICOs, which have made investors to lose trust in a lot of them. So to gain the trust back, we would need to know whom we are giving our money to as investors.
I don' think you guys get it, it is a wrong assumption to think developers want to go through the hassle of spending money collecting investors data and verifying it, this wasn't so before until the SEC comes out with their DAO report which brought about the verification of investors identity. No developer wants SEC to come after him or her because it is bad for business.