Don't become Bounty Hunter!

[Rikafip]

How about instead of "Don't become a Bounty Hunter", why not "Be vigilant as a Bounty Hunter"?
The current title/content is like saying all the projects posted here have zero profitability and all are scams. If that's the case, it'll defeat the purpose of the Bounties (altcoins) sub forum.

Whether you'll be scammed or what, is purely dependent on the person. So instead of discouraging, I suggest for them to be observant and cautious time to time.
Also, wouldn't it be unfair for real and legit bounty provider if people wouldn't come just because of these scam bounties?

+1

Bounty hunters have to do their own  due diligence, don't expect bounty managers  to do that  for you as most of them will simply accept any bounty campaign, especially if they get paid in BTC/ETH or some other listed crypto currency.

There is another issue: certain  amount of bounty hunters don't really care if some project is scam, as long as they get their reward. Just take for example Coincompany ponzi scheme, bunch of bounty hunter with btctalk accounts joined their bounty campaign, without any checking or care that they are helping scammers.

[akamit]

There was a thread created yesterday in altcoin discussion > Are ICOs really DEAD or simply cleared a path for better projects?

Check the image from that thread.

It seems that ICOs are dead completely or will soon enough. Maybe IEOs, STOs will follow the same way.
Before there were too many ICOs and bounty hunters gambled their time for the lucky one. But now the ICO number is very less and to gamble time for the lucky one is very slim and of course a stupid act imo.

Instead, hunters should gain skills according to their likings for a better future; programming could be the first choice. We all should learn how to use our "time" in the right manner.

Golden times of cryptocurrency is over, so take the right step today for a better tomorrow.

[nakamura12]

[Because many have pretty easy tasks, like following or joining Telegram groups.

It is true. I did join ICOs before but it's not what I think it is. Some ICOs did help you earn money a little bit and some ICOs are a completely waste of my time. Later on, I stop joining ICOs bounty program and I found out that there are other ways on how you can earn which I could spare some time doing it.

[CryptoBry]

I agree with you on this current situation of crypto. 90% of current ICO/IEO today is scam because regulators is too strict on startup project on crypto today so most legit company that want to start a project don't dare to continue anymore. So most ICO/IEO today are scams that only wants money. I really miss 2017.

This is simply not true, early days of ICO were just as bad, the percentage of scam projects was the same as today. The only difference for bounty hunters is that bounties were paid in BTC or ETH at first, or at least people could sell their tokens on exchanges for a good price, since the whole market was very hyped. But still all those projects were scams, their devs never had intention to finish them. Today the hype is long gone, and investors are generally suspicious of these offerings, so bounty rewards were reduced to almost nothing.

I would consider 2017 as the year that many hardworking bounty hunters made their big money despite all the scams that perpetrated the cryptocurrency marketplace. Yes, there were many frauds and failures too but those who made it to the exchanges got the best reception in terms of prices, consequently bounty hunters were having a fiesta.

Now, the situation is direly different as many of the projects can fail to get into good exchanges and if they do there is no more big demand waiting at the helm making trading anemic or lacking the energy needed. Of course, there are a few exemptions and lucky are those that got into those projects (example is the project Harmony which did its IEO in Binance).

Still, when we look at the bounty threads, participants are having a good time and seems to be enjoying their time, sharing and posting about the projects they hope will give them some income they need. Sadly, many hopes will just vanish into thin air months after the crowdfunding activities are gone.

[Ryan Dugan]

People like to moan too much. Obviously, if you support shit you get shittokens or nothing at all. If someone wants to support a project that is exactly as every other then good luck to them on that.
Most ICO are the same. They have some background fluff the reason to exist. Social media presence and a one-page website that works exactly the same way as every other ICO website with that silly little bar that fills up as tokens are sold and people are actually fooled by this. If you want to support a project support something that is actually there. Something more then what I just described even a little more is better than most ICO projects.
Looking fancy has nothing to do with how good a project is. Simple is usually better in fact.

[khaled0111]

I believe that 90% of those who join this forum are here just because someone they trust told them that they can earn money by simply creating an account and start joining bounty campaigns or airdops.
I am here since 2017, and the first time I heard about bitcointalk was around 2015. All I was hearing is that you can earn a lot of money just by joining.
I will not be ungrateful, I earned a lot of money in the past by simply joining fb and twitter campaigns. But all new members must know that this is no longer possible. There are still other ways to earn money here. Just forget about altcoin campaigns, it is not worthy anymore.

[funsponge]

I believe that 90% of those who join this forum are here just because someone they trust told them that they can earn money by simply creating an account and start joining bounty campaigns or airdops.
I am here since 2017, and the first time I heard about bitcointalk was around 2015. All I was hearing is that you can earn a lot of money just by joining.
I will not be ungrateful, I earned a lot of money in the past by simply joining fb and twitter campaigns. But all new members must know that this is no longer possible. There are still other ways to earn money here. Just forget about altcoin campaigns, it is not worthy anymore.

The way new members are directly heading to bounties does look like they have been influenced by word of mouth or there is a large amount of account farming going on to earn which I have no doubt is happening with the amount of people who don't contribute to the forum in any way and just update their posts on their bounties to get paid. As for it being profitable I don't know but I am inclined to believe that you can earn a substantial amount if there are so many people rushing to complete these bounties.

[Alluro]

Most new members are making accounts on bitcointalk forum for bounties. That's right, they're not making useful posts on here. The next thing is, I totally agree with you. Because of most ICO and IEO projects are different types of scams. Most bounty managers are changing allocations the end of the campaign. The important thing is they have a general rule to they can change the rules anytime. If you participate in the bounty campaign, you have to agree with those rules. That' means you cannot get an actions to those projects.

[Sancho18]

There was a thread created yesterday in altcoin discussion > Are ICOs really DEAD or simply cleared a path for better projects?

Check the image from that thread.

It seems that ICOs are dead completely or will soon enough. Maybe IEOs, STOs will follow the same way.
Before there were too many ICOs and bounty hunters gambled their time for the lucky one. But now the ICO number is very less and to gamble time for the lucky one is very slim and of course a stupid act imo.

Instead, hunters should gain skills according to their likings for a better future; programming could be the first choice. We all should learn how to use our "time" in the right manner.

Golden times of cryptocurrency is over, so take the right step today for a better tomorrow.

Are you joking? I agree that the token sale is dead or in a deep coma and it’s stupid to keep kicking this dead horse.But not with the opinion that the golden times of cryptocurrency is over, because they had not even begun. When the foam on the surface settles down, we will find many more surprising and wonderful things. Similarly, the dot-com bubble burst, but several years later a whole herd of unicorns appeared.

[Taskford]

There was a thread created yesterday in altcoin discussion > Are ICOs really DEAD or simply cleared a path for better projects?

Check the image from that thread.

It seems that ICOs are dead completely or will soon enough. Maybe IEOs, STOs will follow the same way.
Before there were too many ICOs and bounty hunters gambled their time for the lucky one. But now the ICO number is very less and to gamble time for the lucky one is very slim and of course a stupid act imo.

Instead, hunters should gain skills according to their likings for a better future; programming could be the first choice. We all should learn how to use our "time" in the right manner.

Golden times of cryptocurrency is over, so take the right step today for a better tomorrow.

Seems this time ICO's are dead really since we cannot see a profitable campaigns right now and  also we cannot see a new ICO became successful on there ventures so maybe the ICO era is  dead and I still skeptical on IEO's and STO's since some of them still didn't earn success maybe due to market failure happen recently and the one who really step up are mostly listed on binance launchpad.

But bounty  hunters should really not lose there hope since there are other things that can be profitable if we spend time to learn and as you said it's really time for us to learn new things so that we can still earn on our stays here. There are online courses that we can choose and by that  we can learn skills that  can help us to earn.

But still I'm hoping that it's not really over and all of this is events happened due to the market situation and can go back when markets became more healthier.

[joniboini]

Golden times of cryptocurrency is over, so take the right step today for a better tomorrow.

Crypto != ICO/IEO/STOs or whatever a team told you. If that's true, then nobody would consider Bitcoin as cryptocurrency.

But still I'm hoping that it's not really over and all of this is events happened due to the market situation and can go back when markets became more healthier.

I believe ICO or IEO will be replaced with STO sooner or later, only because those who participated in ICO/IEO are looking for profits, and that's hard to achieve with utility tokens, especially at the beginning. Market penetration is tough because blockchain is not equal to a crypto token. Lots of solutions proposed by ICOs projects can be done without a secondary token, but they created that just because they need money.

No type of campaign is safe from scam therefore you just have to be conscious when joining a campaign.  Be very vigilant when joining a campaign, note that there isn't any guarantee to get paid so don't invest all your mind and body into a project.

I think the more important point from this discussion is that doing bounty hunting as a job is simply a waste of time. Legit projects won't show up every week, and in fact, I only know one project that pays me well since July for translating their docs. Other than that, I don't see any. Participate in bounties if you have free time, but never use it as your primary source of income.

[masulum]

When I join any bounty from BM has no reputation, I know if maybe I will not get paid. It's just a gamble for me, if I get paid and can be sold, I think it was my lucky day. I will never beg for any payment if I am not paid. Because it is part of my risk of joining any bounty from newborn projects.

[LogitechMouse]

I will just share a bit of my experience regarding Bounty Hunting.

When I first joined in a bounty campaign, I still remember it and it was the Paycent Bounty campaign and it became a successful one so I'm lucky at that time. The next campaign I joined is the Sirin Labs campaign which also became a successful one. After the first 2 campaigns I joined, out of the 10 campaigns that I joined maybe around 1-2 will pay me their tokens and unfortunately some doesn't have any value at all. I tried to join the translation campaign and luckily one campaign paid me and fortunately sell it (Helbiz Campaign) and the profit I got there has been used to buy my new phone.

To summarize my experience, out of the many campaigns that I joined there is a 1/10 chance that they will pay me after spending some time advertising them. Worst some of them doesn't have any value until now.

It is sad to see many come to this forum and the first thing they do is participate in bounty campaigns because someone told them they could make money that way. In most cases, such campaigns pay in some rather worthless tokens or pay nothing at all.

When this forum has been introduced to me by my companion, he said to me that I can get knowledge here regarding Bitcoin and crypto (he explained it to me first before saying this forum) and aside from it he said also to me that I can get some few bucks here.

I put bounty hunting in category of big time-wasting, even bigger then claiming on faucets - today you at least get pay instantly in 90% of faucets on your microwallet account.

I can agree with this. With faucets, there is a high chance that you can withdraw your rewards there but it is just time wasting. Here in bounty campaigns, if the campaign is a scam you will get a huge 0 in your face. Bounty hunting right now is more time wasting compare to faucets but..... still there are some bounty campaigns who are paying the bounty hunters. Its just that they are very hard to find right now because most of them ending up either a fail project or a scam project.

[Sancho18]

I believe ICO or IEO will be replaced with STO sooner or later, only because those who participated in ICO/IEO are looking for profits, and that's hard to achieve with utility tokens, especially at the beginning. Market penetration is tough because blockchain is not equal to a crypto token. Lots of solutions proposed by ICOs projects can be done without a secondary token, but they created that just because they need money.

This is true, security tokens provide more protection for investors (and bounty hunters) from scam, but unfortunately they do not protect from the failure of the project due to team errors or unfavorable market conditions. I prefer a good utility token, but this is not so common. Security tokens are good for scaling up an already operating profitable business, perhaps in the future we will see their heyday in this direction.

[mk4]

I have read story of bitcoin signature scamming their participants too (project not paying their participants for promoting them). No type of campaign is safe from scam therefore you just have to be conscious when joining a campaign.  Be very vigilant when joining a campaign, note that there isn't any guarantee to get paid so don't invest all your mind and body into a project.

Hence why it's frequently suggested to only join signature campaigns that already gained a reputation here on Bitcointalk. And yes, everyone should be skeptical when joining campaigns, but with bounty campaigns though? It's almost next to guaranteed for bounty campaigns to be either a huge waste of time due to the coins/tokens being worth next to nothing, or the campaign being a scam.

[CherylltheBombshell]

I couldn’t agree more on OP as I haven’t experience it yet. I’m participating on bounty right now, using this for exchange and first earning. I can say that there’s no harm on trying tho cos if all bounty will leave you nothing, why does others still join them? Just choose wisely

[cryptobaro]

I have seen examples of this many times. Just joined the bounty, and as bounty was going on, managers say 'sir sir okay sir yes sir etc' and when bounty is completed and the time comes to payment, they disappear or say read pinned post..stay tuned..and ban people.

I hope those people who steal peoples hope will suffer so bad during their lives.

[Lucius]

How about instead of "Don't become a Bounty Hunter", why not "Be vigilant as a Bounty Hunter"?
The current title/content is like saying all the projects posted here have zero profitability and all are scams. If that's the case, it'll defeat the purpose of the Bounties (altcoins) sub forum.

Whether you'll be scammed or what, is purely dependent on the person. So instead of discouraging, I suggest for them to be observant and cautious time to time.
Also, wouldn't it be unfair for real and legit bounty provider if people wouldn't come just because of these scam bounties?

Do you think beginners can be vigilant when it comes to anything related to crypto? Probably a very small percentage can go that route, others become servants in a system that begins to exploit them because it is mostly based on projects that have no purpose and meaning, and its sole purpose is to make a profit for a small circle of people. How you can protect yourself from fraud in case of bounty campaign? You trust to someome or not, vigilant, observant or cautious is not something that makes too much sense if someone decided not to pay you after the job was done.

Asking the manager/project team to pay your money = begging?

I can never agree with this statement. How can it be termed as begging when you ask for something you've worked for. Asking for free money is called begging and people who don't pay money to the ones who worked for their project, they are beggars and cheaters.

Not all bounty campaigns are scam and I recently got paid $800 from a campaign and $100 from the other. It may be considered a small amount but it's definitely worth the trouble. You just need to be sure the manager is not a newbie but a reputed one who cares for the participants and makes sure they get paid.

Maybe the term is wrong, what I think is that no one should ask for their honestly earned money, the obligation and duty of the project owner are to pay to those he hired. I post links in OP which show how bad the situation can be, after 3 or 4 audits of participants they still refuse to pay to all, it is very easy to say that someone is bot or cheater and keep more money in the pocket.

Manager's job is not to pay participants, if the owner doesn't pay, even the best manager can't do anything about it.

There is some good points in the OP but its probably worth mentioning if you join a bounty campaign then you instantly lose a lot of credibility on this forum if that is the only thing you are doing.

Exactly, after months of just bounty hunting, we see users ask why is so hard to get merit and rank up, and they just post in wrong board, where the chance of getting merit is very small or almost none. I recently saw a user who has activity almost 500, but he is still newbie, not a single merit earned.

[DdmrDdmr]

<…>Exactly, after months of just bounty hunting, we see users ask why is so hard to get merit and rank up, and they just post in wrong board, where the chance of getting merit is very small or almost none. I recently saw a user who has activity almost 500, but he is still newbie, not a single merit earned.

That does seem to be quite an extended situation. I recall placing @coinlocket$ as a counter-example: During 2018 he often participated in bounties, but spent quite some time besides that creating regular posts, that were useful and merited across multiple boards. I considered him to be an interesting hybrid at the time, who is currently a Hero Member with over 1,1K merits under his belt. He is nevertheless one of the few hybrids I can recall (I think he has shifted interest sine then though, practically going off bounties).

[milewilda]

I have read story of bitcoin signature scamming their participants too (project not paying their participants for promoting them). No type of campaign is safe from scam therefore you just have to be conscious when joining a campaign.  Be very vigilant when joining a campaign, note that there isn't any guarantee to get paid so don't invest all your mind and body into a project.

Hence why it's frequently suggested to only join signature campaigns that already gained a reputation here on Bitcointalk. And yes, everyone should be skeptical when joining campaigns, but with bounty campaigns though? It's almost next to guaranteed for bounty campaigns to be either a huge waste of time due to the coins/tokens being worth next to nothing, or the campaign being a scam.

Back into those years where bounties are still profitable where its participants hitting up thousands of dollars value of tokens that they had obtain which is somewhat a thing
that cant really be removed on someone's mind or an impression that they are hoping for even up to these days bounties without even realizing that those good old days were
already gone.Outcomes on most projects now are totally trash together with your precious time,effort and resources.