Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: KYC is simply just to cheat bounty hunters.
by
Helpme_please
on 31/01/2019, 03:34:37 UTC
Quote from: Warkop on January 31, 2019, 03:27:21 AM
Quote from: skovbitcoin on October 13, 2018, 12:20:19 PM
Quote from: Dacosta Osei-Tutu on October 13, 2018, 11:52:04 AM
To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
The main idea of the KYC procedure is to exclude the participation of fraudsters and multi-accounts. Fraudsters and deceivers are not only among investors, but also among bounty hunters

Maybe I understand this procedure for them, but can they maintain the identity of all those who have carried out the KYC process, because for now many people are making ways to commit crimes in any way for their own benefit.
kyc used not only to prevent bounty cheaters or whatever its said.for some reason kyc need to prevent trouble with certain projects.moreover it they have investors from restricted country such as china usa and other.they want their projects run smoothly with any problem potency in future regarding this.