Miklight88 (OP)
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Jr. Member
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Activity: 238
Merit: 1
GDZKVBV3L3JU5TFDBWMUMPZAHD3OSM2I3TAJRWPG7KU5U4UZCI
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November 13, 2018, 05:45:44 AM |
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Looking at the situation at hand now in cryptocurrency bounty hunting case, we could all see that bounty hunter has turn to a cage of war between dev and hunter these days and that really gives me concern.
Doing bounty does mean that bounty hunters are useless or something cause the way and manner developers are handling hunters now gives a very wrong signal and I see this technology as a way forward for all not a mix to scam people or get rich over night.
Though the technology is decentralized and more why we are having issue as the developer can't be sue or sue , so any bounty that hunters participate in is not a contract as we do have a clause in the terms which says " the team can change the rules any anytime " which make the whole contract useless and not legal as both party have right to decide what is good for the project after the first agreement is sign and if there must be a change them there must be an agreement between the two party not that one party will just decide on what he think will favour him alone and will now point out to the clause that say " they can change the rules anytime"
Imagine a project who lock bounty reward for 90days base on agreement and even after that time they never release it and keep posting the hunters.
Imagine a project that assign 3% of the total supply to hunters and only used 1% and after the hard work of the hunters completing the task stipulated in the rules , the team change the rules and reduce the reward from 1% to 0.07% , like the real reward is 1M and was reduce to 70,000 for all bounty hunters .
Allowing this type of things happening and going Scott free is dmagi g the image of this great technology and making it look to newbies as a scam when many are still agitating and we that are in this space still give them chance to bad mouth our great community which I think need a very urgent attention to curb all scam project .
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malading
Member
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Activity: 434
Merit: 10
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November 13, 2018, 05:53:02 AM |
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Quite simply, a bad project party did not receive a large amount of investment funds, which would cause problems in the development team's funds, they would choose not to pay and cause ICO to fail. All investors will fail and investment in ICO must be cautious.
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SuiMikira
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Activity: 364
Merit: 10
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November 13, 2018, 05:56:44 AM |
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Because the tokens that are not pay to bounty hunters will be turned to developers wallets. Then they will have more money, because they are real shits in cryptocurrency space and they don't care about market, community, their project, products, development. They only care about money in their wallets. That's all.
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JimmyNg90
Copper Member
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Activity: 196
Merit: 0
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November 13, 2018, 01:48:30 PM |
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!Snip
I guess you are referring to which project . I decided to quit and did not expect their reward anymore. This is one of worst project I have ever participated in. What a "most potential" project!!!
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felissss500@gmail.com
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November 13, 2018, 01:59:30 PM |
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Bounty hunters take part in projects exclusively at their own peril and risk and at the same time I have a list of duties and almost zero rights, and both the hunter and the developer understand this. Developers do not pay because he (or them) will not do anything for it, no punishment "they can change the rules anytime" - removes all responsibility in advance
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Teraboy
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November 13, 2018, 02:02:44 PM |
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Bounty hunters take part in projects exclusively at their own peril and risk and at the same time I have a list of duties and almost zero rights, and both the hunter and the developer understand this. Developers do not pay because he (or them) will not do anything for it, no punishment "they can change the rules anytime" - removes all responsibility in advance
I guess before the bounty hunters were doing their job and i thought they have understood about this. The result of how much bounty will depend on how much raised by the project itself. and so far there was so many platforms are still paid bounty hunters wil full amount of allocation which was giving an example if there was still a reliable project that can be trusted.
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mahilchii
Member
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Activity: 560
Merit: 13
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November 13, 2018, 02:15:45 PM |
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It depends on the project as how good it is if the project reaches the soft cap assume that the project is successful. Check their previous projects and their achievements, if the ICO's fail do you believe that they will pay? As simple as that.
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kipozer
Member
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Activity: 490
Merit: 11
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November 13, 2018, 02:19:53 PM |
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I think that the only question is greed, because in most cases, developers just leave and eventually lose not only their reputation but also, as a result, the ability to do something good for the world and people.
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IVEXO
Jr. Member
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Activity: 574
Merit: 2
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November 13, 2018, 02:25:50 PM |
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We now have developers with malicious intent to fraud, scam and run away after dumping tokens during ico which is why there is every need to be smart and calm while finding new bounties to participate in.
Dont mix it up and don't be in an hurry, make comprehensive researches and get your decisions spot on as wel. Remember, it is wrong to promote false projects.
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CoinsOrDie
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November 13, 2018, 02:28:42 PM |
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It depends on the project as how good it is if the project reaches the soft cap assume that the project is successful. Check their previous projects and their achievements, if the ICO's fail do you believe that they will pay? As simple as that.
The softcap project, they will definitely pay the bounty hunter but the budget will drop a lot compared to the original estimate. Hardcap projects are the best projects and make bounty hunters the happiest
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mummybtc
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November 13, 2018, 02:50:38 PM |
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I think we need to be realistic here, some people expect a project to raise $2million and pay them $500k or $1 million in bounty, this is not possible since most projects now are having difficulties rasing fund and the change in attitute towards overvaluation of projects, bounty quota too have changed. I know some projects are difficult when it comes to this that is why you need to join campaigns that you have trust in the campaign manager
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Thomas-s
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November 13, 2018, 03:03:19 PM |
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projects have a problem with payments because they cannot raise enough money on pre-sale/public sale, and if they don’t find money, they will not pay out of their own pocket. So you need to watch at the soft cap or hard cap
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Airelves09
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November 13, 2018, 03:13:03 PM |
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Whether the project is successful or not, bounty hunter rewards should be paid. Otherwise, the bounty hunter worked hard for several months. No reward? So who will pay for the time cost of bounty hunters?
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Vektrum
Member
Offline
Activity: 420
Merit: 14
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November 13, 2018, 06:00:21 PM |
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Looking at the situation at hand now in cryptocurrency bounty hunting case, we could all see that bounty hunter has turn to a cage of war between dev and hunter these days and that really gives me concern.
Doing bounty does mean that bounty hunters are useless or something cause the way and manner developers are handling hunters now gives a very wrong signal and I see this technology as a way forward for all not a mix to scam people or get rich over night.
Though the technology is decentralized and more why we are having issue as the developer can't be sue or sue , so any bounty that hunters participate in is not a contract as we do have a clause in the terms which says " the team can change the rules any anytime " which make the whole contract useless and not legal as both party have right to decide what is good for the project after the first agreement is sign and if there must be a change them there must be an agreement between the two party not that one party will just decide on what he think will favour him alone and will now point out to the clause that say " they can change the rules anytime"
Imagine a project who lock bounty reward for 90days base on agreement and even after that time they never release it and keep posting the hunters.
Imagine a project that assign 3% of the total supply to hunters and only used 1% and after the hard work of the hunters completing the task stipulated in the rules , the team change the rules and reduce the reward from 1% to 0.07% , like the real reward is 1M and was reduce to 70,000 for all bounty hunters .
Allowing this type of things happening and going Scott free is dmagi g the image of this great technology and making it look to newbies as a scam when many are still agitating and we that are in this space still give them chance to bad mouth our great community which I think need a very urgent attention to curb all scam project .
I totally agree with you. When joining an ICO generosity campaign, there should be no indication that they have the right to change any rules at any time at their discretion. This makes it completely meaningless then to join, because at any time they can write that they simply don’t want to pay out the tokens earned by the participants of the ICO generosity campaign and will proceed according to the terms of the connection. This should not be. From a legal point of view, such a document is illegal. In this case, the forum administration should establish general rules for the ICO teams in order to exclude the use of actually slave labor of bounty hunters.
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irenegaming
Full Member
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Activity: 476
Merit: 102
Kuvacash.com
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November 13, 2018, 06:02:37 PM |
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I don't know if they'll do it out of malice, but many times it's not directly their fault if a project fails, many projects are in red because they don't receive enough funds for their realization, that's why they can't pay the bounty hunters and they have to extend the final date of the project, haven't you noticed that the ICOs that are coming out no longer have a definite closing date? they just say "when the soft cap is complete".
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Gozie51
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November 13, 2018, 06:09:35 PM |
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I see the reason to be the intention to scam bounty hunters. A reliable project will be upright from the beginning to distribution of tokens but if they are shitty, they keep giving excuses and eventually not pay up.
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TUDOX
Jr. Member
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Activity: 111
Merit: 2
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November 13, 2018, 06:12:48 PM |
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Not all bounty programs did not pay bounty hunters, many did. But what is there is that there seems to be more developers with scam intent than before.
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fudster
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November 13, 2018, 06:20:37 PM |
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Quite simply, a bad project party did not receive a large amount of investment funds, which would cause problems in the development team's funds, they would choose not to pay and cause ICO to fail. All investors will fail and investment in ICO must be cautious.
Well its not like they are going to pay using the funds collected but the tokens actually. But still if the team has no intention of listing the token in an exchange there goes again for the contract to be useless. There ain't no use of asking for escrow either because bounty hunters quickly get into joining a bounty campaign without it. I have completed a campaign but not getting paid too like the PayPro.
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spngebob
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November 13, 2018, 06:48:23 PM |
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I don't know what is reason behind this but it isn't good practice and if this practice continues bounty hunters need to protest and stop promoting ico. Maybe they didn't raise enough funds but that isn't any ones problem. I don't see reason why they don't want to send tokens, it cost them only fee for transaction.
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sanacaks
Jr. Member
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Activity: 308
Merit: 4
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November 13, 2018, 07:07:51 PM |
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I believe any team who wants to make an ICO needs sufficient fund for bounty hunters to pay. Project can not be enough funded or may not hit the soft cap, this doesn't means that they gonna pay nothing for the work. I have done some bounty which does not able to catch softcap, but they have pay compensation payment for their bounty hunters.
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