Rest In Peace, ICO Bounty Programs

[8count]

What is every ones thoughts on this article at hackernoon? - https://hackernoon.com/rest-in-peace-ico-bounty-programs-fc1e1e04e867

Personally my thoughts are, what is different if I share information from a bounty on social media etc then if I share a affiliated link eg.Coinbase? I will be getting paid either way.

I feel it's up to people to make their own judgement on if they want to buy a product and do their own research. Advertisement is all over social media and plenty of dodgy big companies using facebook ads to promote their crap.

I would prefer to see the SEC etc cracking down on scam ICOs etc

Anyway would like to know every ones thoughts?

[qazgroup]

I do not understand how they are linking the bounties with a scam ico, i mean it is the fault of the people behind the project or their intentions, so they should be held accountable and not the bounty hunters.

[CryptoAlphaStar]

If SEC takes this line, then 95% of ICOs should be considered securities, because 95% of ICOs are running bounty campaigns.

[CryptoAlphaStar]

I am really not getting it, though. Bounty money are just 1-2% of all the money raised. Why the biggest regulatory authority is going against the small guys, when there are much bigger and more concerning issues with scammers playing much bigger games.

[Julia_KA]

Clearly bounty campaigners are not the ones to blame. And their profits are nowhere as high as what traders or miners get. Seems like while being unable to regulate the whole market they decided to pick an easy goal to show off.

[8count]

Yeah it doesn't make sense to me either. Maybe it's more of a click bait article then anything but it got me thinking, then annoyed, so i thought I would get the thoughts of the bitcointalk forum about it

[grizmoblust]

dont they know stellar, dont they know ripple they dont know anything to write a news like this? I belive this guy from facebook or google. they just want ICO adv on their platform

[Emissary White clerk]

I think he is partly right- bounty programs, as they are now, will be in the past soon enough. BUT- I do believe this tool is more powerful than affiliate links, and a change of the process will benefit the ICOs as well as the hunters.

Why it's better than affiliate link?  cause most affiliates are not crypto ppl, but marketing ppl. they might get people to invest, but I think it's harmful.

[olushakes]

I do not understand how they are linking the bounties with a scam ico, i mean it is the fault of the people behind the project or their intentions, so they should be held accountable and not the bounty hunters.

I agree with this. Its like going to arrest Facebook for advertising a product where there is already a disclaimer on the reliance on such information. I have seen ad on Facebook before and I just know they are outright scam. Going after bounty hunters is an exercise in futility if the regulatory agency do its own job because it wont even get to that point if they are serious of getting the bad guys. But at the same time, it should be a form of warning not to be carried away by free things not to land in trouble.

[Sahyadri]

This article doesn't makes any sense to me. Why should bounty participants be guilty because it is a job that they are doing and getting paid for.
There are certain rules and restrictions for the program and everybody who participates in it has to follow it. If at all anybody has to be criticized it has to be the ICO owners because it is them at the first place to invent such programs. The bounty participants are just doing a job which they have been said for. This is a part of marketing strategy and has been going on for a long time. I think this article was just posted to create a FUD.

[@ngelcryptopia]

This is akin to calling all ICO scams or all marketing agencies scam. It really us up to individual to do their own due diligence. The culprit us the people behind the ICO itself, launching an ICO with nothing but an idea is outright scam to me.

[zurc]

dont they know stellar, dont they know ripple they dont know anything to write a news like this? I belive this guy from facebook or google. they just want ICO adv on their platform

I agree with this matter, you have a good point on that explanation. May be these companies are losing their customers because of blogging campaigns and other articles to promote ICOs

[8count]

I will use another example.

So I go down to my local pub for a rare beer that i like to have. There's a hot promotional girl handing out cans of Jim Beam.
I have never drank Jim Beam but she is hot and I decide to drink it so I can talk to her. I have a drink and think wow this is nice.
A few months down the track i find myself waking up every day cracking open a Jim Beam and drinking till i pass out at night.
I'm now a alcoholic.

Can I now sue the hot girl who was doing her job and getting paid to promote the product Jim Beam because i'm now a alcoholic??

[crairezx20]

Just heard this news in facebook ICO will be gone soon like the other said..
Honestly i am not expecting about ICO since mostly they are scam i have lots of ICO token honestly and waiting to see them in the market that until now hoping to sell them and get benefits of them..   So i'm ok what will be happen in ICO's

[Synaesthesia]

I will use another example.

So I go down to my local pub for a rare beer that i like to have. There's a hot promotional girl handing out cans of Jim Beam.
I have never drank Jim Beam but she is hot and I decide to drink it so I can talk to her. I have a drink and think wow this is nice.
A few months down the track i find myself waking up every day cracking open a Jim Beam and drinking till i pass out at night.
I'm now a alcoholic.

Can I now sue the hot girl who was doing her job and getting paid to promote the product Jim Beam because i'm now a alcoholic??

lol... =))) your story made my day. we have too many ICO so people need promote their project to make sure everyone know about their project. that's all.

[hdclover]

First of all the article is misleading from the line one 'The ICO bounty program era has officially come and gone.' What kind of joke is that? Second, We aren't working for free here. What's wrong in promoting a campaign with our hard work to get paid in some tokens which has no real value until it hit exchanges. This is just a jealousy article from someone who failed to earn in bounties.

[indrakusumaindra]

I do not understand how they are linking the bounties with a scam ico, i mean it is the fault of the people behind the project or their intentions, so they should be held accountable and not the bounty hunters.

yes bounty hunter just a worker that trying to get paid by ICO. if the ico itself is scam we need to blame the developer. but usually i dont even want to join the bounty of the ico that fishy. cause we as bounty hunter will paid for nothing if the ico itself is a scam or unsuccessfull

[twobits]

Yeah it doesn't make sense to me either. Maybe it's more of a click bait article then anything but it got me thinking, then annoyed, so i thought I would get the thoughts of the bitcointalk forum about it

SEC thought if The world is owned by US.  They have good enough to make another joke. Rather than complaining about the bounty and that depends on the personal opinion about that. So many times SEC try to banned bitcoin. But that's just another bullshit. US is only a country and not the world. Just like jamie dimon. how majority of the high profiles in US like to make a joke.

[YuginKadoya]

First of all the article is misleading from the line one 'The ICO bounty program era has officially come and gone.' What kind of joke is that? Second, We aren't working for free here. What's wrong in promoting a campaign with our hard work to get paid in some tokens which has no real value until it hit exchanges. This is just a jealousy article from someone who failed to earn in bounties.

And I think they are lumping all ICO's with the scam ones, I really think that This is not necessarily to avoid because they might affect the paying ICO's they can see that every ICO has a motive, The thing here I think they need to not tolerate other ICO's that are just spreading scam tokens and not the good ones that providing people payment.

[modtakels]

What is every ones thoughts on this article at hackernoon? - https://hackernoon.com/rest-in-peace-ico-bounty-programs-fc1e1e04e867

Personally my thoughts are, what is different if I share information from a bounty on social media etc then if I share a affiliated link eg.Coinbase? I will be getting paid either way.

I feel it's up to people to make their own judgement on if they want to buy a product and do their own research. Advertisement is all over social media and plenty of dodgy big companies using facebook ads to promote their crap.

I would prefer to see the SEC etc cracking down on scam ICOs etc

Anyway would like to know every ones thoughts?

I agreed ICOs should be regulated but what about ICOs outside the U.S?