How long will Bounty hunters continue to be helpless?

[mexite]

I know that threads would have been created on a similar topic but I think it's time we found a feasible solution to this incessant problem.

Crypto Projects are known to enlist the services of Bounty huntersto make a booze on various platforms that will attract attention to their products, in exchange for their token or another notable cryptocurrency. Through this marketing campaign, new projects aim to get investors and supporters for their idea.

It's unfortunate however that many projects have reneged on their promises to reward users for their contributions. Once the project becomes relatively successful, they begin to give excuses, delay distribution, block hunters who request for payment or even fail to pay anyone.

The common excuse given is that hunters hurriedly dump token after listing thus affecting token price.

Does this justify the unfair treatment meted out to hunters who have worked assiduously for months trusting the team to fulfill their end of the bargain?

Cryptocurrency is supposed to be decentralized but bounty reward is not, what an antithesis?

I will like us to proffer the way forward on this. Bounty hunters have invested their time, mental and physical resources to promote such projects, so they are stakeholders and should have a say.

Your contributions are welcome.

[mocacinno]

I've been here for a while, and i've seen the rise (and hopefully the fall) of those bounty campaigns... I know a lot of people won't agree with what i'm about to say, but i'm going to say it anyways...

Let's start by saying I don't have a grudge against "bounty hunters", I know they're people that try to make some beer money, sometimes even considering their bounty hunter activity to be their main source of income. I've also never joined a bounty campaign, and i probably never will, so i don't have a grudge against one specific scam campaign

HOWEVER, if you break it down, a bounty hunter is a person that spams social media and other resources with promo material for a project that's usually pulled out of thin air (having 0 usability). Due to their "work", innocent people fall victim and buy tokens that are worth close to 0 once they can be traded on some dodgy exchange. The end result is: bitcointalk gets spammed with bounty reports and other spam posts that add nothing at all to our community, bitcointalk's resources get used for nothing, innocent people lose money, the crypto community gets a bad name in social media platforms due to the spamming and the scammy tactics of the token owners.

I'd like to see at least 99% of those tokens gone, i'd like to see most bounty hunters either leaving or switching to become actual crypto community members.

[mexite]

I've been here for a while, and i've seen the rise (and hopefully the fall) of those bounty campaigns... I know a lot of people won't agree with what i'm about to say, but i'm going to say it anyways...

Let's start by saying I don't have a grudge against "bounty hunters", I know they're people that try to make some beer money, sometimes even considering their bounty hunter activity to be their main source of income. I've also never joined a bounty campaign, and i probably never will, so i don't have a grudge against one specific scam campaign

HOWEVER, if you break it down, a bounty hunter is a person that spams social media and other resources with promo material for a project that's usually pulled out of thin air (having 0 usability). Due to their "work", innocent people fall victim and buy tokens that are worth close to 0 once they can be traded on some dodgy exchange. The end result is: bitcointalk gets spammed with bounty reports and other spam posts that add nothing at all to our community, bitcointalk's resources get used for nothing, innocent people lose money, the crypto community gets a bad name in social media platforms due to the spamming and the scammy tactics of the token owners.

I'd like to see at least 99% of those tokens gone, i'd like to see most bounty hunters either leaving or switching to become actual crypto community members.

You've got a point in that bounty hunters may help suspiciously fraudulent projects "with 0 usability" get investors. However, not all projects promoted by hunters turned out to be scams or useless. I as a person started out as an investor, though I lost my first BTC to scammy cloud mining site Hash Ocean in 2017. It was after some mixed result of crypto investment that I added bounty to it. At least to cover for some losses in trading while advancing my knowledge of blockchain use cases.

If there's a way Bitcointalk can help vet projects that intend to announce their project (through ANN) and/or promote through promotions in the Bounty section, it will help a lot. This site is an authority in the industry. Probably if there could be a sort of commitment to a BTT smart contract fund, it would discourage useless projects and promote quality ones who know their onions.

[Ebullientfellow]

This is unfair in my own opinion. There's every tendency for such projects to exit with investors funds in the future. An agreement should remain one, I think that's what smart contracts are meant to force.

Attitudes like this give crypto a bad name among non-enthusiasts.

Can't the bounty tokens be locked in a kind of escrow smart contract?

[tabas]

It's unfair yeah but no forces everyone to become a bounty hunter. You have no option but to follow the rules given to you. And just like the typical bounty hunting in some legit companies, they have certain measurements of how they'll pay their bounty hunters. But in this case, there's even no assurance that the bounty hunters will be paid. The locking of bounty rewards shouldn't be prolonged by the developers so that they can simply give the incentive that bounty hunters want.

[jrrsparkles]

We can only find the solution to this problem only when we stop promoting every projects which is paying in their own tokens.Yes you heard me right just stop promoting and if there is a demand gets created for bounty hunters then they will be treated with much more respect.

[AthenaBanana]

I think the best way to fix this problem is to implement escrow to all bounties to secure the payment for the bounty hunters. This method is fair for both parties all agreement must be met before executing payment

[Ebullientfellow]

I think the best way to fix this problem is to implement escrow to all bounties to secure the payment for the bounty hunters. This method is fair for both parties all agreement must be met before executing payment

You get it. That was the point I raised above. Escrow the bounty tokens, and there would be less issues about nonpayment of tokens.

[julerz12]

It seems your only concern is payments or bounty rewards.
There are two ways to solve that.
First is very obvious; If you find the project or startup too good to be true, then don't promote it. Chances are, by the end of the day, you won't be getting anything from them.
Second, join only in bounty campaigns with escrows. It can be a third party escrow service provider or the bounty manager himself. Having an escrow is an additional assurance that you'll get your hard-earned tokens when the campaign ends.

[stomachgrowls]

The common excuse given is that hunters hurriedly dump token after listing thus affecting token price.

Does this justify the unfair treatment meted out to hunters who have worked assiduously for months trusting the team to fulfill their end of the bargain?

Cryptocurrency is supposed to be decentralized but bounty reward is not, what an antithesis?

I will like us to proffer the way forward on this. Bounty hunters have invested their time, mental and physical resources to promote such projects, so they are stakeholders and should have a say.

-Those are just bullshit excuse because the primary dumpers are the investors itself.

-They wont care at all yet you would really be treated up that way as long their business is important than all of those who advertise them would really be just ignored after that.

-Decentralization doesnt correlate with bounty reward.  

-As a bounty hunter then you would really make use of those resources and we know the chances on getting shit tokens thats why DYOR would be always be put up in mind.

[Doranile432]

I know that threads would have been created on a similar topic but I think it's time we found a feasible solution to this incessant problem.

Crypto Projects are known to enlist the services of Bounty huntersto make a booze on various platforms that will attract attention to their products, in exchange for their token or another notable cryptocurrency. Through this marketing campaign, new projects aim to get investors and supporters for their idea.

It's unfortunate however that many projects have reneged on their promises to reward users for their contributions. Once the project becomes relatively successful, they begin to give excuses, delay distribution, block hunters who request for payment or even fail to pay anyone.

The common excuse given is that hunters hurriedly dump token after listing thus affecting token price.

Does this justify the unfair treatment meted out to hunters who have worked assiduously for months trusting the team to fulfill their end of the bargain?

Cryptocurrency is supposed to be decentralized but bounty reward is not, what an antithesis?

I will like us to proffer the way forward on this. Bounty hunters have invested their time, mental and physical resources to promote such projects, so they are stakeholders and should have a say.

Your contributions are welcome.

I won't put the blame on the team if they denied bounty hunters their rewards, that is Bounty Manager's job, BM is the only law standing between bounty hunters and the team of that project, it's why I prefer joining bounties from a bounty manager with good rep, as a good BM he or she must do everything in his/her power to make sure bounty participants get their rewards

[TheUltraElite]

I won't put the blame on the team if they denied bounty hunters their rewards, that is Bounty Manager's job,

You have no idea what you are talking about. The manager is only a facilitator or a middle man involved in managing the campaign. If the team does not pay or wish to pay, the manager is having their hand tied to pay the hunters.

If you want to blame someone blame yourself for joining that campaign and the temptation for free money.

BM is the only law standing between bounty hunters and the team of that project, it's why I prefer joining bounties from a bounty manager with good rep, as a good BM he or she must do everything in his/her power to make sure bounty participants get their rewards

LOL this type of self-entitlement is what makes the bounty hunters arrogant and illogical.

Also know that many managers have paid out from their own pocket just because they were denied payment by the team as an act of goodwill because the manager also felt bad for the hunters.

Dont even talk about anything related to legal, coin offering are anyway not legalized securities and so you are at your own risk on buying them or earning them in the case of bounty hunters.

[AthenaBanana]

I think the best way to fix this problem is to implement escrow to all bounties to secure the payment for the bounty hunters. This method is fair for both parties all agreement must be met before executing payment

You get it. That was the point I raised above. Escrow the bounty tokens, and there would be less issues about nonpayment of tokens.

But the problem also is that Bounty manager doesn't implement an escrow if only BM will be strict on accepting projects and have a condition to promote their project but need to be escrowed. The key to this implementation depends on bounty managers

[mexite]

I won't put the blame on the team if they denied bounty hunters their rewards, that is Bounty Manager's job,

You have no idea what you are talking about. The manager is only a facilitator or a middle man involved in managing the campaign. If the team does not pay or wish to pay, the manager is having their hand tied to pay the hunters.

If you want to blame someone blame yourself for joining that campaign and the temptation for free money.

BM is the only law standing between bounty hunters and the team of that project, it's why I prefer joining bounties from a bounty manager with good rep, as a good BM he or she must do everything in his/her power to make sure bounty participants get their rewards

LOL this type of self-entitlement is what makes the bounty hunters arrogant and illogical.

Also know that many managers have paid out from their own pocket just because they were denied payment by the team as an act of goodwill because the manager also felt bad for the hunters.

Dont even talk about anything related to legal, coin offering are anyway not legalized securities and so you are at your own risk on buying them or earning them in the case of bounty hunters.

I don't agree to the part where you stated that bounty is free money. Bounty is not airdrop so I don't see how it is free money. Don't forget that hunters also expend mental and material resources to promote the project. So bounty reward is payment for marketing work done.

[Rodeo02]

I think the best way to fix this problem is to implement escrow to all bounties to secure the payment for the bounty hunters. This method is fair for both parties all agreement must be met before executing payment

escrow will not always work, since it's a new project you will never know if they really have a plan to list it in exchange  ,if they don't have plan to list  it what will be the job of escrow holding a trash tokens ?

The best things that I see that possible to happen is to paid hunters in weekly basis and the payment should be an Altcoins that can be tradeable in the exchange .

[TheUltraElite]

I don't agree to the part where you stated that bounty is free money.

You dont have to agree or disagree. We are all entitled to our own opinions.

Bounty is not airdrop so I don't see how it is free money.

Airdrop is a way of collecting people's personal data for selling on the internet. Did you know that? Thats why I like to use the words like that. Bounties are not bad things but they have been made to look in the context of ICOs and so on has been bad. It was supposed to be a rewarding system for the people who promoted the project and from there is went to a spamming fest to make money by less income countries.

Don't forget that hunters also expend mental and material resources to promote the project. So bounty reward is payment for marketing work done.

Thats correct and I hate to say that bounty hunters if having such skills are wasting them by writing articles and doing translations. Rather they should use it on bitcoin paying services and real life work. Because in the end bounty tokens are 99% going to be useless while bitcoin and fiat are not.

[Quidat]

I think the best way to fix this problem is to implement escrow to all bounties to secure the payment for the bounty hunters. This method is fair for both parties all agreement must be met before executing payment

escrow will not always work, since it's a new project you will never know if they really have a plan to list it in exchange  ,if they don't have plan to list  it what will be the job of escrow holding a trash tokens ?

The best things that I see that possible to happen is to paid hunters in weekly basis and the payment should be an Altcoins that can be tradeable in the exchange .

You are definitely right on this one!

Escrow wont really work because we cant still be sure if those tokens would get some value or not which means its pointless and not really a good thing to consider that the project is legit nor have potential if they do
escrow out those tokens just for its hunters to be paid up.The thing you do talk about paying up on weekly basis, then it sounds great but only a few or a very rare case to have that kind of project where they do consider
out on paying established coins or does have value yet most of the time, people would really receive shit tokens for their hardwork on advertising it.

[leea-1334]

Bounty hunters will not want to hear this but this is my constant advice as before. And I was considered a bounty hunter at one point, so you can assure yourself, I do not see myself as superior.

We all were here when the opportunities to "earn" almost free money seemed so good. 2016 and 2017 people got a lot of tokens that mooned and so they did almost nothing and got almost rich.

I was not one of them, but I joined some bounties very early on, since everyone was doing it, I was missing out.

But at the same time I quickly realized like bounty hunters did, that the free money did not last and will never come back. So I chose to stick with good projects that I also used and therefore also could proudly talk about and know well.

So: find something you like. Find something you use a lot of. Find something you believe in and know can last for years if not lifetime. Then you stick to them and build them. Their success = your success.

[Wingsbtc]

Bounty hunters will continue to be helpless sorry to say, scammers have taken over crypto space and they are building unrealistic projects to fool investors, with the help of bounty hunters they get things done easily and in the end they either don't pay at all or ruin their promises and split the reward, no law is holding them back, they have nothing to be scared of, project teams can do any how they feel like

[CuriousGeorge]

I think the best way to fix this problem is to implement escrow to all bounties to secure the payment for the bounty hunters. This method is fair for both parties all agreement must be met before executing payment

You get it. That was the point I raised above. Escrow the bounty tokens, and there would be less issues about nonpayment of tokens.

Bounty management has been trying to do that and the payment was going very smooth as the tokens being escrowed to the trusted parties to decrease the possibility for the hunters not get any payment.
Escrow is the only way to fix this problem.