There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
Yes, at a glance that KYC is indeed dangerous for our personal data. Because our personal data is related to the country. If this is used by irresponsible people, then they will leak data in one country. But the problem is that it is difficult for us to compare projects that only use our data for business purposes. Some exchanges really do maintain data well. I don't think this will be a problem.
I agree. For the sake of our wants to claim our rewards from the projects we have engage and to formally state that we are just using a single accounting which is nothing more and nothing less, the anonymity of our identity have been sacrificed by providing our identities including legal and government released identification card to prove that the information we have provided is true. It just saddened me that after exerting such effort, most or some of the projects thar require KYC for their clients as well as bounty hunters turns our to fail their promises to release the rewards on time and worst is that the rewards are already not released for the project have been dead already. It is just that providing KYC is too risky to us since we provide personal information which is supposedly private and turns out to be unworthy after all.