Rest In Peace, ICO Bounty Programs

[cryptochr]

If its a bounty program and its Developers are scammers or fraudsters then yes you should stay away.
Otherwise, get involved and get those tokens. You can profit from good Bounty programs.

[happyme1818]

They should sue facebook, tweeter, google etc. for allowing advertisements of ICOs. They are the one that needs to be regulated but i doubt they would do that. Money talks.

[boakyei]

For the record, no all IcO are scam, we have seen successful projects come and established. ICO bounty program has come to stay as long as altcoins is alive and entrepreneurs coming out with startups each and every day.

[junjunsalsalani]

It is a rubbish news,bounty hunters only doing their job and shouldnt be the one to blame if the ICO fails.

[Inc_BitSquirrel]

All in all, it is quite an interesting article. It touches some regulatory issues connected with ICOs, tokens and as a result - bounty campaigns. In general, article is right that regulation of ICO in USA is becoming more and more significant and might hit ICOs hardly. It is not a surprise that ICOs could not exist outside of countries jurisdiction forever. Nevertheless, I am a little bit afraid that this state of matters will also spread across other part of the globe.

I also could agree a lot with another statement of the article - importance of REAL community. Currently, bounty campaigns are in most cases just a playfield for token hunters who gather tokens on massive scale and then dump them, making harm to ICOs which they "supported". That is not a proper support ICO and definitely not what they want and need. This whole situation is a little bit  ill. This is especially visible in big ICOs which has a lot of hype.

That is why I am trying to avoid those big overhyped ICOs with this "fake" support of community.

[ask]

USA is becoming fachist everyday. Trump is destroying freedom in USA. Yesterday they started to limit internet access and freedom and now ICO bounties.
He is a dictator and destroying the "Great America"

[benjaminoo]

What's the difference between holding a bounty program or paying a marketing firm to market for you? I see how this could be different due to a lot of financial investments being at risk, but advertising is advertising. You're still blowing your own horn and telling everybody how good you are, whether you are doing regular advertising or through a bounty. Both are biased somewhat. And they should be to get people involved...

Perhaps one solution would just be to have all bounty participants indicate on their specific bounty activities that they are doing this in return for coins. This could still get the word out but limit the risk of someone making a decision based on a biased review.

[benjaminoo]

One solution would be to get "bounty hunters" who invest some pre-money into the ICO that will be used for advertising. And in return for that, they get some coins. Sort-of like a pre-sale fundraising.

In that way, the bounty hunters still get what they wanted, and at a much lower price than the regular ICO price, and the SEC can't nail them.

[divad411]

But I expect that this will actually only cover US citizens right, how do they intend to monitor anyways?

[Ucy]

ICO could much more regulated without "mummy Government". People need to understand why societies formed human administrators in the first place. Some things  can be taken care of today without humans. Why any little thing we scream for Mummy Government? Are we kids?
Excellent mechanism could be built to wipe out fraud of any kind off the Internet. powerful tools are there already .. but for some reasons nobody cares.
The whole thing feels like a donkey- loving community refusing to give up donkey riding even when there are fast cars for quickers transportation.

We need to grow up.

[aquantivis86]

Anyone know the percent of bounty hunters are US?  What would the impact be on the remaining hunters?  More stake?  Will ICOs get less funding?  It is an interesting scenario.

[benjaminoo]

Anyone know the percent of bounty hunters are US?  What would the impact be on the remaining hunters?  More stake?  Will ICOs get less funding?  It is an interesting scenario.

I think the crackdown will be made on ICO's themselves instead of on bounty hunters. So the US based ICO companies will suffer, and the international ones won't. I think US citizens might still be able to participate.

[Lm2e4]

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?

For me what they were saying is like all ICO's are a scam No! So not all adds are shit!
And I can't see any wrong on advertisements, and they don't force people to go and join onto their project or bounty. The whole world is too big for them to propose their project on all of the people that might become involve, and we and the internet, social media's, etc. are just their medium. All what we needed is regulation, it is a must!