Post
Topic
Board Altcoin Discussion
Re: Why is it so hard to find 20k American or Canadian who want to get $500 for free
by
poornamelessme
on 25/06/2019, 17:50:15 UTC
I'm actually kind of surprised that more folks haven't taken part in this -- basically because tons of folks in other places gladly gave away their kyc info for like $50 in free stellar tokens.

Here it just requires a photo and name. And nobody even says you have to use your real name (magic of photoshop).

I'm not saying it's a good or bad thing to take part in this. But compared to other freebie offers folks have taken part in, this one seems pretty benign in comparison.

Well first of all i'd say 95% of "bounty hunters" on this forum are from 3rd world countries where the meager bounties they earn can support their cost of living. If you have a job in a 1st world country you will never be taking part of these shitty bounties. The only 2 XLM giveaways I know of are the ones run by Coinbase and Blockchain.info, both reputable companies that have been in the crypto scene for a long time. Many already did their KYC with coinbase as you need it to trade, and I'd say the majority of those willing to KYC for the blockchain.info giveaway are either planning on using their exchange or again from a 3rd world country.

Giving info to blockchain is what I referred to earlier. And I agree, you'd think only 3rd world country people (or those who really, really need money) would partake in that sort of giveaway in exchange for their KYC info.

But I also frequent other forums not related to crypto too (not sure if we are allowed to mention other forums here) ... places that cover bargains, deals, banking bonuses and so on. And tons of people on those sites signed up for the blockchain giveaway. It seemed weird to me at the time, and those folks certainly aren't hurting for money either. But folks do offer up their info for a measly $50 quite often, and it's not solely folks who plan to use an exchange or basically have no income at all.

As for this offer, I would hesitate to even call it KYC. You need a name and photo, that's it. No personal information, no address, no social, nothing really. And as I stated earlier, there is also nothing stopping anyone from flexing their photoshop muscles and altering their name on their ID either.

So basically you give up your photo to  take part in this.... a grainy photo perhaps not even associated with your real name. I tend to be a little paranoid giving my info out, but even to me that seems like a pretty safe form of 'KYC'.