Rewarding bounty hunters with EQUITY SHARES instead of tokens

[friends1980]

An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?

Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.

[cudora]

I think it is an awesome alternative for bounties, because in such way, they would avoid the bounty dump during the first listing and moreover hunters would be happy as well, because they will take part in equity shares of a great project.

[Bharathi13]

This bounty to equity share transformation is looking like another lame excuse to delay the payment of bounty hunters as they also think the same way like other project that hunters are the dumpers but the sad reality is all hunters are not dumper. Have they given any clarification about how compensating bounty hunters with usual token to equity share will help hunters?

[Tony116]

An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?

Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.

I hated KYC with usual bounties and now it can become a new standard. I hope it won't happen. I don't like to share my personal data with strangers so I won't participate in this kind of bounties.

[cabron]

How long will they be able to provide the equity shares and can they exchange it for BTC?

I have no idea what  equity shares can do to be honest but if they wanna prevent bounty hunters from dumping they could just distributed the tokens by quarter. This will prevent the price to dip much.

[kaito.]

is this equity shares can be sold or just common equity share that give reward if there's a surplus in the company? because hunter can't gain anything if the project sudenly exit and abandoned.
most hunter wouldn't want to get paid with equity shares. you can imagine a tiny shares got divided to all participant so how much reward did we get from it.
and also hunter should comply to fill kyc for that was unfair if i would say.

[VanDeinsberg12]

How long will they be able to provide the equity shares and can they exchange it for BTC?

I have no idea what  equity shares can do to be honest but if they wanna prevent bounty hunters from dumping they could just distributed the tokens by quarter. This will prevent the price to dip much.

That's a joke, if that was a shares and what's the point for the token to be traded on the market? This idea is totally doesn't make sense and anyway just try to avoid this one. We will see how much token will you get from DBC. there's not differences. Both still securities.

[DanWalker]

is this equity shares can be sold or just common equity share that give reward if there's a surplus in the company? because hunter can't gain anything if the project sudenly exit and abandoned.
most hunter wouldn't want to get paid with equity shares. you can imagine a tiny shares got divided to all participant so how much reward did we get from it.
and also hunter should comply to fill kyc for that was unfair if i would say.

I don't understand the key advantage of equity shares for bounty hunters except some kind of guarantee of project legitimacy. This is a crypto market and one of key point is anonymity, at least some kind of. Plus I won't let my documents to go to some second hands to get verified in KYC I'm not assured in.

[darkangel]

An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?

Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.

I affirm that it is a scam project, All their actions will become useless and they will soon disappear. I found out and found that they raised $ 17 million but until now their activities are trying to steal money from investors. And of course they will refuse to pay bounty hunters, you do not need to KYC to try to receive these tokens

[ynatopak14]

All we need to do in bounty is to advertise the ICO project and use our accounts.
In this we just need our profile and account to fill there and be listed on their webiste.
Doing KYC at this initial time will not be a good idea. KYC is very dangerous.

[owlman]

Personally, I did not participate in this bounty campaign, but it is not surprising that in these market conditions some projects change the rules at the end of the campaign, because many projects want to reduce payouts, so they have some reasons for this. I hope, in the near future, we will, without any problems, receive our reward, which we earned through our work.

[rosezionjohn]

An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?

KYC requirement for bounty hunters isn't new anymore and many have already accepted that regardless of the type of payment.

Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.

They are not the only ones who have changes the rules, many have done it already. They always have this "we have the right to change the rules" policy.

[friends1980]

This bounty to equity share transformation is looking like another lame excuse to delay the payment of bounty hunters as they also think the same way like other project that hunters are the dumpers but the sad reality is all hunters are not dumper. Have they given any clarification about how compensating bounty hunters with usual token to equity share will help hunters?

Having made translations and supported the signature campaign and being a Full Member (back then), I will be wasting a lot of bounty. But I am bending towards your opinion: just another lame excuse for not paying bounty hunters. I think it is about time these projects respect their own obligations and if they take themselves seriously, they have to take their agreements seriously. If they do not, we have to take legal action, it's as simple as that.

[kingzpro]

I think every campaign participant should be provided with what was promised during the campaign after the campaign end changing terms does not suit both professionally and ethically so i urge all campaign managers to stick to the initial promises and fulfil them now.

[BQ]

What is a promise worth tho, is there any sort of legal contract? no? it's a google sheet, this development sure is strange but is it done for their best, or to abide laws as good as possible?

[Snaic]

Unlike many projects, they at least do not refuse to pay, I hope, although what then to do with these shares of mind I will not apply!

I doubt that they will at least pay something. Paying shares is almost impossible. I participated in the signature campaign of this ICO, but I didn’t have time to do something there and didn’t pass the KYC verification. In the end, I got nothing. If there were no replacement of payment terms, I would receive earned tokens. This is not to say that this is a direct fraud, but there is a deception here.

[kliown]

I think that this measure is not forced for them, but still I think that this is not the best option and to participate in such bounty companies I would not.

[ukloon]

Equity shares are good but it is complicated to get and sell. There would be a stack of paperwork to get through if it was done properly. For most bounty hunters i think they will prefer to get tokens and list them on the exchanges instead.

[Vektrum]

I do not believe that bounty hunters can receive payments in stocks. It is simply impossible to do technically. The above ICO, perhaps, in this case, saves your project and it is absolutely indifferent to them that in the end bounty hunters will not receive anything at all for their labors. There several times radically changed the essential conditions of the project. If they themselves violated the conditions, then they needed to do everything necessary to smooth out the inconvenience for bounty hunters. Instead, they began large-scale KYC checks for a long time. For me, this is just another fraudulent ICO.

[BitDane]

Is it really worth-it for a KYC and privacy? If it is yes for you then go for it. I really think that there are alternative ways just to survive with this kind of bearish market. But we need to understand that all of us just wanted to have something that is fruitful and beneficial for us all.

If there is someone who tried it, please share with is your own personal experience so that we could learn from it somehow.