Bitcoin Forum

So, obviously there is a lot of bounties out there that are not that great, some of them are really good, but some of them just scams.

https://bitcointalk.org/index.php?topic=4419196.0

I just found this project, and it has some things that worry me.
First bad sign was a "guaranteed prize pool of 700k USD for bounty participants".  No project can realistically guarantee a prize pool that big.
Started to dig a little further and took a look at their reddit presence https://www.reddit.com/user/1apayment/ (basically non-existent)
https://www.youtube.com/channel/UCIJMXVm3bqn5SK9PvGXxqkQ - Youtube channel is very primary.
After taking a look at their team, it pretty much closed the deal for me.  I can't prove beyond a doubt that it is a scam, but everything adds up.  I'm not saying that I've proved beyond a shadow of a doubt that it is a scam, but I want to open a conversation to see what people think about this, and to see what kind be done about this kind of thing.

Anyways, I am wondering if there is a better place I could have posted this, or how else to deal with this.  In my opinion it is important to keep the message boards clean, and to get rid of projects that don't deserve attention.  Is there a system in place to deal with this sort of thing?  If so, what is it, and can low reputation individuals such as myself contribute?

Scam Accusations (https://bitcointalk.org/index.php?board=83.0) section is the right place to report scam bounty campaign and ICO project :).

You just need to create a new thread in this section to report but don't forget to read first to get the right report form :). But IMO I think $700k for a bounty campaign is not something really big cause there are so many bounty campaigns spent number of token worth millions dollars for bounty hunters :)

Okay right on, thanks for the redirection.  If a moderator would like to close this topic, I think that would be appropriate.  I apologize for the misdirected post.

You can not be sure that this is a fraudulent project, there is no certainty about it

Look, you shouldn't throw around accusations like that. I mean, I actually agree most ICOs out there are pretty ridiculous, but I've definitely seen for myself especially from some of the bounties managed on this forum, bounty pools exceeding that 700k total. In fact, I've seen bounties distributed above $1 million plenty of times (usually because the ICO distributed around 2% to bounties and they raise hard cap of above $50m).

It's not very helpful to just label everything a scam, without real evidence. It's just about as bad as shilling.

There are many bonus campaigns with bonuses of more than $ 700k, and it still pays participants serious bonus when the ICO project succeeds after selling the ICO. Because there are so many ICO scam projects, pulling bounty campaigns does not produce results for participants losing their trust.

I think 60% of ICO projects are ridiculous. They offer unambiguous projects, aggressive bonuses to entice investors

When you participate in the bounty You can immediately delete and blacklist a project that asks you to join the telegram airdrop group. I think this is about 30%. Perhaps there are exceptions, but I have not yet seen ;D

Scam bounties and airdrops now are very popular. And we can't know exactly they scam or not till the end of campaign. I jut choose those campaign, which is managed by good managers.

are you sure of your opinion.? if you think it's really a scam project, make your report in the Scam Accusations section. but if you do not have real proof do not waste your time, because the amount of 700k USD as reward bounty is not too big so it can not be a reference to judge a project is a scam, so I suggest if you want to create a report in the Scam Accusations section you should include more complete evidence

If you'll visit again the thread, it says on the title that the bounty pool is worth $2,000,000.

Prove something first before accusing though I understand your part with the huge money they are promising but they aren't the only bounty that do this.

Discuss this thing on their ANN thread or to Service Discussion (Altcoins).

I you would want to avoid scam bounties then you should learn self regulation and it is the key to success in the crypto industry, whether you do bounties, hodl, trading or mining. If it is specific to bounties then you should evaluate the campaigns along with the ICO project and if you are already in a bounty you should find indicators that it is a cam be daily checking its update and community.

lately a lot of scamm ico program. I've been following a lot of bounty that eventually became a scamm project, really very harmful.

There are many ICO scam campaigns going on. 10 ICOs are about 7 ICOs that are scam or unsuccessful. so to avoid fraud. Need to learn and have knowledge of Crypto. In the scam alert section is the place to report the scam ICO so

study this forum to learn from senior colleagues do not ask stupid questions, most beginners do not understand that sitting on the forum just like MS beginners as you only came for half a year a year early and had time to study the issue. The only honest advice is to learn to learn and learn again

I think that possible frauds from specific ICO teams should be discussed, even if there is no full certainty that this project is fraudulent. Other persons may find additional information and doubts will be confirmed or dispelled. In my opinion, this forum was created to discuss, including these issues. This will also be useful for the prevention and control of fraudulent ICO projects.

I'll try to add some scam bounties in the list as soon as i find them. Nice idea, guys. We should avoid all these scams.

I can add about  cryptopolice platform. This special project  created to fight against scam. Any online user can submit an application to CryptoPolice, pointing at any suspicious fact. Scam projects is really problem  in cryptocurrency community.

Having more knowledge about bounty can get rid of scam bounty campaign. Understanding all the available traces that guides you to choose a good bounty that has a chance to win in future. Studying platform and whitepapers of a particular bounty gives you an assurance to find a legit Bounty and to avoid scam ICO or bounty campaign.

I think that the best solution to this issue will be the regulation of ICO projects by the states. The regulation of ICO projects occurs, however, too slowly. It seems that the states intentionally delayed with the decision of the issue of regulating and controlling this process at a time when investors are deceived by fraudsters for millions of dollars. This can be done by states in order to reduce the popularity of decentralized crypto currency.

By the way fellas, I saw that lot of times when a person doesn't follow the rules and start blaming the bounty. You better read everything twice to avoid that nasty situations

I really recommend to look for the whitepaper before spending your time in bounties, ICO, airdrops.

It is really  our  responsibility  to know   weather the bounty  campaign  is  good campaign or a scam. Just  always double check  project to get  rid of  the  scam  bounties  don't  just  depend  on the  community  or  how it's  really popular  because  there's   a lot of  bounties  who runs  very  well during the  campaign  but  after there is no  development.  

It’s normal to encounter such a scam. I often see similar bounty tasks, and I found a very comedy thing. Many of the good bounty tasks we agreed with eventually disappeared, and some seemed to be inferior. The task has earned me a reward!

700 000 USD for bounty is not much, I participated in the bounty with a budget of 2-3 million, so this is normal. Do an analysis of the project and the team

In 700k you are already surprised how much into other projects that I saw where they do even offer 1M-2M bounty pool which I do believe that most of them will adjust in the end or just totally a deceiving thing just to get attraction among bounty hunters and do join up too many because of such too good to be true bounty pool.I do have some experiences on these projects but sadly most of them turn out to be a scam.
So I don't really get attracted again. its better to see for those projects offering 0.5-1% of overall token sold then that would be a considerable bounty allocation.

This has become a Borden to all investors and bounty hunters. Most bounties out there were scam and it need to be stopped

There are a lot of bounty scams on this forum, most of which are due to the main bounty ICO project scam so the bounty participant does not receive any bonuses. Therefore, choosing a good bounty campaign has a huge impact on the outcome of the bounty hunter's accomplishment after completing the campaign.

there have been many fraudulent gift modes lately, including ICO project scams. many participants do not get any bonuses. choosing a good gift campaign is very important because it has a big influence on the results that will be achieved by the prize hunter after the campaign.

Both ICO's and Aridrops are scams nowadays. I guess huge projects dont even need to ask help from bountists. Other has to. I see a lot of scam airdrops everyday. 70% are nothing to do with...

But if someone keep connected with the scam accusations and reputation section to know about the scammers so we no need to work much on finding about the scammers and scam projects.So we need to do our own research before promoting any project,know what you are promoting.

We do have so many ICOs / bounties with projects that really are really fake and attract the participants too much. Everyone must be aware of C project which really made us fool. Though many made us aware of the scam, we really did continue supporting the team. At last the game was over and finally everyone was cheated and the manager who acted as manager ran out with money. So be careful. We have many best bounty managers and can join in any of the projects they choose. Needmony, HUA_HUI are legit in choosing the right projects.

I would consider it like this.

People invest in ICOs as they are investing in some sort of business, but they keep FOMOing this is why it's working well.

Thing is that even if it's legit ICO there is no guarantee that it HAS to work. Soo... There is lot of room for scams and of course unintentional failures. Just keep up with the golden rule, don't put in more than you can afford to lose.