Scamming bounties has become a new source of income for organized groups of scammers. Groups with developers on their payroll are using software to create thousands of bots and dumping them in airdrop bounty to collect 100’s of thousands of dollars in bounty tokens. Airdrops may not seem like much, but when you have 20K fake accounts receiving 10-20 tokens, it’s a huge payoff.

In addition, these groups are paying copywriters a few hundred dollars to write 3-4 articles and then google translating them in many languages and posting under many fake accounts. Often using newbie BCT accounts to protect the higher ranking accounts they created to put in signatures campaigns.

This kind of scam has started to flourish because the bounty managers who manage the projects are too lazy or inexperienced to watch out for these scammers.

Bounty hunters get a bad reputation because of these scammers. Also projects can’t  get quality work because good bounty hunters don’t want to waste their time, since their hard work will be diluted by scammers.

So to protect yourself when doing a bounty:
1. Watch all activities and report scamming to bounty managers ASAP
2. Google your own articles to see if someone has posted it under their account.
3. Don’t waste your time with airdrops

To the admins
1. Check everyone who enters the bounty.
2. Updates stakes frequently so scammers know you are watching.
2. Don’t be lazy, put in the work...


I hope this was helpful...

Everyone is waiting for the big bitcoin pump at end of the year but very few people understand what’s behind this. The answer is very simple if you think about it. It’s all about taxes! The Chinese business fiscal year ends in December; like in so many other countries. As we all know, the majority of hash power on the bitcoin network comes out of China. Just think if you were a bitcoin miner would you run the price up middle of the year to have to pay taxes on your gains in just a few months? I think not. Bitcoin miners wait until end of the year to pump the price up and cash out in January; offsetting tax payment until the end of the next year. So Forget all of the guesswork and just hold!!!

Recently, some projects refuse to pay bounty participants or change terms after the work is completed. Regardless of their excuse, this is considered fraudulent inducement and can be reported to the FBI or your local police wherever you are in the world.. You can file a report at this FBI website: https://www.ic3.gov/complaint/default.aspx/

Some projects will say they are registered overseas or have lawyers to scare  people from taking action. Even if so, International law make this a crime. The terms of the bounty announcements are considered a legal contract and must be followed under international law; even if NOT signed. So I recommend any bounty participants who have been cheated out of payment to contact your local police department or fill out the FBI Internet Fraud complaint form above. If you don’t take action, cheating bounties will become common.

I hope this will be of help to many...