KYC is like a two edged sword at present. One it helps to alleviate the problem of bounty cheaters, and unfortunately there are too many of these, so many of them steal my identity to earn stakes, which is abominable and desperate, but on the other hand our privacy gets more and more invaded. So what is the solution to this dilemma? I personally do not mind doing KYC for the bounties, but the bounties also have to pay us and give us a decent return on our time and trouble and not scam us with useless tokens that never reach an exchange.
There are much better ways to deal with the bounty cheaters. For example, if an authentication post is made mandatory, then it can cut down the cheating attempts by quite a bit. Also, it should be made mandatory for users to enter their ERC-20 wallet address in the location field in the Bitcointalk profile. These are much more efficient than KYC. What is the use of KYC, when you can find scammers willing to do KYC for you in the dark market for just $5?