I think there is just on simple solution to avoid this problem, and it's to accept only a certain number of people in a bounty, then all those who arrive late are out. I'm not saying I wish this, I'm just trying to give an answer to your question. At the end it's a devs' decision I guess.
Yep, we all understand that limiting the number of participants is good for the rewards for the bounty campaign. But we must also understand that for projects, the payout/participant ratio is not important, and the more participants - the more hype and awareness. At the same time, there are projects that are without any advertising, with 10 sig. and 100 social participants take millions.
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