Bitcoin Forum

Alternate cryptocurrencies => Marketplace (Altcoins) => Topic started by: cloverme on June 24, 2017, 01:28:13 AM



Title: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: cloverme on June 24, 2017, 01:28:13 AM
A few people in the bounty campaign for RUSTBITS feel that too many tokens have been put into the bounty campaign thereby diluting the value of coins for sale in the token sale. The poll is to see if there's enough support to warrant the reduction of the bounty tokens from 15M to 10M.

If there's enough support, we will reduce the campaign bounty from 15M to 10M tokens.

Example for Twitter:
Total stakes for everyone: 576410
1000 stakes @ 15M = 2602 Rustbits
1000 stakes @ 10M = 1561 Rustbits


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: Finestream on June 24, 2017, 01:57:43 AM
Bounty claimers will say don't reduce it, ICO participants will say reduce it. Is this poll opened to see how many bounty hunters and ICO participants in here?

Yes, actually, bounty claimers are the ones asking for the reduction.


I'm surprised by the this kind of move, my first time to witness this, normally bounty hunters are looking for more to earn more because most of them if not all will just dump their tokens after being listed in exchange.

Anyway, may I ask why it was not figured out earlier? Do you have to ask the majority of the bounty claimers approval before taking this action?


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: arwin100 on June 24, 2017, 02:24:37 AM
Bounty claimers will say don't reduce it, ICO participants will say reduce it. Is this poll opened to see how many bounty hunters and ICO participants in here?

Yes, actually, bounty claimers are the ones asking for the reduction.


I'm surprised by the this kind of move, my first time to witness this, normally bounty hunters are looking for more to earn more because most of them if not all will just dump their tokens after being listed in exchange.

Anyway, may I ask why it was not figured out earlier? Do you have to ask the majority of the bounty claimers approval before taking this action?

Same here, I'm surprised as well. I think because the token sale is getting more attention now, that those in the bounty campaign want to see more tokens sold on the open market, thereby raising the perceived value by selling more tokens.

I'm kind of against changing it, I think there would be a lot of people upset in the campaign, but more than a few people are asking for it. I'm open minded to what the community wants.

What will happen if the bounty stakes coin calculation will decrease that does mean the amount will risen up rather than if they receive a lot of coins when campaign ends? Well if the price of it will be the same and due to certain circumstances the bounty will be lessen I think many people will get angry and be annoyed to the outcome on their participation of this campaigns.


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: Finestream on June 24, 2017, 02:31:07 AM
Bounty claimers will say don't reduce it, ICO participants will say reduce it. Is this poll opened to see how many bounty hunters and ICO participants in here?

Yes, actually, bounty claimers are the ones asking for the reduction.


I'm surprised by the this kind of move, my first time to witness this, normally bounty hunters are looking for more to earn more because most of them if not all will just dump their tokens after being listed in exchange.

Anyway, may I ask why it was not figured out earlier? Do you have to ask the majority of the bounty claimers approval before taking this action?

Same here, I'm surprised as well. I think because the token sale is getting more attention now, that those in the bounty campaign want to see more tokens sold on the open market, thereby raising the perceived value by selling more tokens.

I'm kind of against changing it, I think there would be a lot of people upset in the campaign, but more than a few people are asking for it. I'm open minded to what the community wants.
IMO, the community would always want what is good for both the bounty claimers and the developers themselves, but when two interest cannot be served at the same time, I guess it should be decided then based on what has been already announced.

It's not fair to change anything without the approval of the aggrieve party (bounty people) because they are also part of the project although in any sense they don't risk their money, but spending their effort is a job that needs to compensated well based on what was already agreed.

That's why before launching a project there should be a proper study and discussion, whatever announcement that will come out would normally be final. It does not leave a good impression to all if any changes will not for everyone's benefit, we are all looking for good news as much as possible because it is where out interest are served.


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: ice18 on June 24, 2017, 02:40:19 AM
Bounty claimers will say don't reduce it, ICO participants will say reduce it. Is this poll opened to see how many bounty hunters and ICO participants in here?

Yes, actually, bounty claimers are the ones asking for the reduction.


I'm surprised by the this kind of move, my first time to witness this, normally bounty hunters are looking for more to earn more because most of them if not all will just dump their tokens after being listed in exchange.

Anyway, may I ask why it was not figured out earlier? Do you have to ask the majority of the bounty claimers approval before taking this action?

Same here, I'm surprised as well. I think because the token sale is getting more attention now, that those in the bounty campaign want to see more tokens sold on the open market, thereby raising the perceived value by selling more tokens.

I'm kind of against changing it, I think there would be a lot of people upset in the campaign, but more than a few people are asking for it. I'm open minded to what the community wants.
IMO, the community would always want what is good for both the bounty claimers and the developers themselves, but when two interest cannot be served at the same time, I guess it should be decided then based on what has been already announced.

It's not fair to change anything without the approval of the aggrieve party (bounty people) because they are also part of the project although in any sense they don't risk their money, but spending their effort is a job that needs to compensated well based on what was already agreed.

That's why before launching a project there should be a proper study and discussion, whatever announcement that will come out would normally be final. It does not leave a good impression to all if any changes will not for everyone's benefit, we are all looking for good news as much as possible because it is where out interest are served.
Very well said @Finestream I agree with you but to be fair in my opinion if you are planning to reduce bounty you can apply it to late participants.


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: cloverme on June 24, 2017, 03:24:23 AM
@Finestream Agreed and well said!  I'm very uncomfortable with changing the bounty program after what's been stated.

On a similar note, I've been getting a lot of requests for a pre-sale as well, which I'm conflicted on too.


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: btcdiggingmaster on June 24, 2017, 05:13:56 AM
Think in another in order to benefit the investors and Bounty better divide the 5 million into 2 parts. 2.5 million goes for bounties and the rest 2.5 million go for crowdsale. In this way, you can benefit both of them because already you have announced all the things if you change anything it will hurt all of the bounty participants.


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: peterlustig on June 24, 2017, 05:43:25 AM
If hunters got no problem I think you should reduce it, 15% dedicated to the bounty hunter is too much and can result in big dump


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: jtalk on June 24, 2017, 06:43:03 AM
I will suggest to keep the whole bounty pool as it was when people joined. People started to support the project seeing these good rewards and there is no reason to make any change in these. You should concentrate at the launch of crowdfunding now instead of loosing time of such things. Carry on with current amount of bounty this is fair way.


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: barnes13 on June 24, 2017, 07:07:55 AM
If it reduces the bounty pool to make it better then I do not think it's a problem and I support it, and because this suggestion from bounty participant so this is will not be problem.


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: nathalie20 on June 24, 2017, 08:05:49 AM
It is evident that people speak only the greed of getting as many coins as possible. And that's what I'm reading. You can see that these people only think of easy earnings - zero thinking about the project. It was I who suggested dev to think about it all. My Many years in the bitcoin world have proven to me that so many awards can ruin the price of coins on stock exchanges.
I participate in every form of this campaign almost from the beginning. I will probably have a lot of free coins for me. But I still think that reducing bounty is a good idea - because there will be a big drop of coins on stock exchanges after the bounty issue.
Dev remember this is your coin. And what you do will depend only on you.
Regards


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: boopy265420 on June 24, 2017, 09:08:36 AM
This unfortunately hypocritical behavior of people who are participating in other bounty campaigns and want to receive as many coins as possible but in other bounties thread they write negative for bounty participants. Just see the signatures of people wrote in favor of decreasing the amount almost all are from other programs. I would not like to reduce the amount in campaign i participate and so I wish for everyone else to get what was promised at time of joining any campaign. I ask these people would they accept to receive less coins from their campaigns in which they are in ?


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: Text on June 24, 2017, 09:55:19 AM
No, keep it at 15M tokens. Not all bounty hunters are favorable on changing the allocated tokens. So just remain on what has been already started. It seems, as of now majority of us want the 15M tokens for bounty campaigns.


Title: Re: Vote to reduce bounty for Rustbits from 15M to 10M
Post by: fitraok09 on June 25, 2017, 11:28:17 AM
what are clearly reasons for reduce number of bounty to 10M, I looks the mostly 82% voters recent to vote "No, keep it". can you explain to us what does happen in rushbit so that bounty reduced.

BTW, I still no vote till looks a clearly reasons
thank you :) ;)