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Author Topic: How long will it take before bountyhunters be out of a job?  (Read 451 times)
CryptoLex
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March 17, 2018, 10:05:07 AM
 #1

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?
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March 17, 2018, 02:05:17 PM
Last edit: March 17, 2018, 05:56:49 PM by TryNinja
 #2

I agree with you. Legitimate ICOs will not benefit from this kind of campaigns. They will end up losing money in exchange of bad publicity or their token price will tank when those spammers receive their payments and dump them in the market for BTC/ETH.

They do that because most of those ICO's are paying their users with shit tokens which are/will be worth pennies. And they don't care about having a successful and targeted campaign. They don't want to become a legitimate business, so why should they care? Instead, they just want to get as many money as possible so they can run off or delivery a poorly made or non-functional product (and then run with the money).

"Spam this for me and I will pay you 1000 shitTokens which I created from nowhere. If I get investors from this, profit for me. If I don't, I didn't lose anything anyway."
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March 17, 2018, 02:25:50 PM
 #3

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

I kinda agree with you, at the moment its about quantity not quality. There is so such competition to get the word out with ICO's that a bounty campaign must seem like a good idea. A quick way of building a community, but no good community can be built overnight with bribes. It will probably get to a saturation point were so many ico's running bounties that they stop becoming effective. Then bounty programmes will have to be more selective and ask for higher quality contributions. I do think there is a place for bounty campaigns though.

The only thing about paying an agency is that if everyone does it then you get the same problem. Tons of new content flooding out of youtube, twtiiter etc.

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March 17, 2018, 05:29:50 PM
Merited by suchmoon (1)
 #4

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

Agencies don't accept worthless tokens to do your spamming for you.
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March 17, 2018, 06:56:38 PM
Last edit: March 21, 2018, 11:28:30 AM by guybrushthreepwood
 #5

The only way bounty hunters would be out of a job is if they were somehow banned or prohibited here. As long as they're allowed and people can claim them relatively easy just by posting an address or filling out a spreadsheet or form or some sort people will still continue to claim (and abuse them) with as many accounts as they can.

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

Agencies don't accept worthless tokens to do your spamming for you.

True, but the tokens clearly do have some value because why would people bother otherwise? I'm not sure I understand how the whole bounty/token things work exactly because they do just seems like worthless tokens created out of thin air but they seem to be exchanging them for a decent amount of money somewhere.
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March 17, 2018, 09:43:00 PM
 #6

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

Agencies don't accept worthless tokens to do your spamming for you.

True, but the tokens clearly do have some value because why would people bother otherwise? I'm not sure I understand how the whole bounty/token things work exactly because they do just seems like worthless tokens created out of thin air but they seem to be exchanging them for a decent amount of money somewhere.
They may or may not have value. But the spammers don't care since the only thing they need to do is spam tweets and Facebook posts.

And even if the token is worth $0.05, no agency will accept $10000 worth of a random and shady token. 
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March 17, 2018, 11:08:19 PM
Merited by malevolent (1)
 #7

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

Agencies don't accept worthless tokens to do your spamming for you.

True, but the tokens clearly do have some value because why would people bother otherwise? I'm not sure I understand how the whole bounty/token things work exactly because they do just seems like worthless tokens created out of thin air but they seem to be exchanging them for a decent amount of money somewhere.

Deeponion is a perfect example of a shitcoin that is completely worthless, has no merit yet has made people cash from nothing because in order to get the airdrop you have to advertize it. and thousands of retards shilling a token will get hundreds of losers to buy in and when those losers buy then the market notices and more idiots that just see a spike jump in without finding that the crap they are buying is vapor abd that is how the shit token becomes worth something from nothing. Deeponion is last years bitcoindark or some such name.
CryptoLex
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March 17, 2018, 11:53:29 PM
 #8

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

Agencies don't accept worthless tokens to do your spamming for you.

But they will accept BTC or ETh, some even ask 40 BTC beforehand and up to 3% of the total raised during a ICO
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March 18, 2018, 04:55:36 PM
 #9

hope that market regulates itself
you think that bountyhunters earn millions ? Smiley 95% of the tokens become worthless as soon as the participants dump them
those who are first,get some coins,if any,those who are late get peanuts not worth talking about
probably 90% of all ICOs pay less than 1-2$ very rare cases 5-20$,yes there are some that are solid and worth keeping
but bountyhunters don't care,usually and sell as soon as they can
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March 18, 2018, 11:21:53 PM
 #10

I disagree. ICO's already lost facebook and google. Hiring agencies will just make it harder for them because they can only pay using their token. So far, there is no agency that will accept tokens as payment. No company will take risk on tokens no matter how good it is. It should have a value first but we all know that it doesn't so lets not advise agencies to take over. This will just complicate things. I think ICO's should focus more on what's left and move on.
Analyst101
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March 19, 2018, 01:00:12 AM
 #11

I think it really depends on what kind of bounty works these bounty hunters are doing. For example, yes, spamming Twitter and Facebook might bring bad publicity and also annoy others. However, doing translation work and writing up high-quality articles will really help these ICOs. A well-made youtube video, which can cost a lot of money can be paid in tokens as well. I am seeing more and more ICOs that do not offer bounty works like Faceter, and I think that’s good because that means they are using professional service.
cryptothief
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March 20, 2018, 03:32:54 PM
 #12

I think that bounties have their place in the market, although I agree that they are not always the best way to promote a project. The thing about bulk advertising (e.g. multiple postings on Facebook, Twitter etc.) is that the return on that investment can come from just a few investors who find the project through the advert. Technically the tokens/coins given away are 'free' to the companies giving them out, and could bring in real returns at the stage when funds are most needed. I think the problem lies with badly run bounties, when the bounty managers do not properly check submissions and subsequently their fund raising suffers. Any company looking to do an ICO should make sure that they have set aside sufficient resources (both personnel and monetary) to manage the bounty campaign. Make the tasks involved slightly complicated, this puts off the majority of people looking for easy money, and incentivises the people who do join because the rewards will usually be greater. This should ensure that they get the maximum return on their investment. They'll be around for a while yet, but hopefully we will start seeing more originality and better run campaigns.
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March 21, 2018, 05:31:42 AM
 #13

Its cheap though. Technically free, since they are get paid with tokens. Even a miniscule awareness created for free worth it, as far as most project teams are concerned.
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March 21, 2018, 09:18:28 PM
 #14

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

It is funny that you bring up the subject, while clearly promoting a certain ICO that runs a bounty program. Roll Eyes

That being said, there are definitely spammers and scammers involved, but not all bounty hunters are spammers or scammers. There are bounty hunters that are serious about creating awareness and bringing value to the projects - even long after the underlying bounty programs have closed. The same people who are hard at work to create awareness in terms of the overall crypto market. The same people who put their money where there mouths are when they are able to do so. The same people who are trying not to sell bounty tokens in an irresponsible manner for quick profits. The same people who are trying to hold onto those tokens.

In addition, their are people who are making a living out of it on the back of necessity - it enables them to place food on the table for their families. Keep this in mind when you're out crucifying bounty hunters.
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March 27, 2018, 05:21:47 AM
 #15

I can't actually postulate but i feel that it's not anytime soon. They make substandard campaigns probably because of the shit coins they receive as rewards and the bounty organizers also decide to work with the miners probably because they don't have what it takes to take the bounty to the agency.
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March 27, 2018, 07:37:59 AM
 #16

Most of these campaigns are poorly planned, allowing almost anyone to participate, which ends up with thousands of botted accounts spamming 24/7.
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March 28, 2018, 04:06:13 PM
 #17

In addition, their are people who are making a living out of it on the back of necessity - it enables them to place food on the table for their families. Keep this in mind when you're out crucifying bounty hunters.

I don't want any food if I have to promote scam with 20-50 accounts.

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

Why would they stop doing that? if you are annoyed by seeing their spam. ignore bounties by going to ignore boards in your profile.

This is up to theymos, he is going to tolerate auto translations in local sub-forums, nobody really understands what he is doing for us.

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March 28, 2018, 04:14:34 PM
 #18

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

@CryptoLex; you say that yet you are a bitcointalk signiture bounty hunter hearing some tag or day?
Whats the difference between the tweeter bounty and yours?
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March 28, 2018, 04:48:56 PM
 #19


"I don't want any food if I have to promote scam with 20-50 accounts."

You have most likely never experienced hunger or worried about feeding a family. Your comment shows a complete disregard of people who help promote legit projects in legit ways in order to make a living. It seems you have to show your ignorance by lumping all bounty hunters and the projects promoted by them into the same category. In short: It seems you have to satisfy your urge to shit where others eat.

In any case, I couldn't give two fcks about your half-assed opinion.

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March 28, 2018, 04:50:56 PM
 #20

I see first hand that the average bountyhunter spams his/her Twitter and/or Fb accounts with all the bountys they joined. To me this brings absolutly no awerness and value to these projects.
If I would organise a ICO, I would never use bountyhunters to create online exposure, but just pay a agency to help promote it

Any thoughts?

@CryptoLex; you say that yet you are a bitcointalk signiture bounty hunter hearing some tag or day?
Whats the difference between the tweeter bounty and yours?

Exactly. The truth is that he had to satisfy the urge to shit where he and others eat.
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