Quote from: BenjaminFranklingwould on May 02, 2018, 12:48:22 AM

Quote from: Pasaway2701 on May 02, 2018, 12:31:18 AM

Quote from: ashao1015 on May 02, 2018, 12:14:33 AM

I don't like it as a most of us. But we need to see the whole picture before making some loud statements. We need regulation for ICOs. And most ICOs are securities. Yes, they trying to avoid this but most regulators think about it like securities. And we have to face it, deal with it. ICOs are risky, a lot of scam etc. With KYC we will have more fair distribution as well as more chances to have more institutional money inside. Which would be pretty good for the whole future crypto economy.

KYC will reveal your real identity. I don't think that to be required in bounty participants to claim the rewards. It can be useful only to those who invest in the ICO for the security. It will be hard for the participants to claim if ever because not all has a valid ID to be use. Like the minors who able to join in the bounty.

Invest your money and has been rewarded for it or invest your skills and also being rewarded for it. Either way identification would be good to prevent botnets from bounties. Just watch what is going on with twitter/facebook bounties. Most of them are dead already because some jackass did 10-30 accounts and automated it. It nearly useless for the company and also bad for other participants. Identity is the key to prevent it.

While I agree that this is a great way to prevent botnets from participating in bounties and defeats the purpose of campaing, I also have a little problem when it comes revealing identity. I don't really agree that bounty hunters should participate in KYC, since they are those that promote the project and the system already has mechanism to prevent botnets from functioning.

But really, I understand what you mean and I support you against botnets. But only where it is appropriate.

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