How long will Bounty hunters continue to be helpless?

[michellee]

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

Maybe the bounty hunters will have another opportunity to find the real projects which can give them the money by promoting the project to the public. But, yes, many scam projects which trick the bounty hunters right now cannot make money, and their names become bad in public. I think the bounty hunters need to check the details of every project before they participate in the projects.

[1714791558]

1714791558

[Kvalentine]

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 do have a big point there mate, bounty hunters spams social media platforms with crappy projects and newbies get hyped and invest on the crappy project that leads to huge losses, I do blame bounty hunters for that, I do, but there are few other bounty projects that are way better, very promising and good development so far, it's just that anything online requires learning, investors either old or newbie must not jump into new projects because someone said they are good enough

[TheUltraElite]

scammers have taken over crypto space and they are building unrealistic projects to fool investors,

I wont say to that extreme but yes you have to consider every new project to be a borderline scam and thus shove it away when presented in front of you. Some investors who get fooled are not worthy to be called investors anymore if they are still putting money in non-legal securities like ICO coins. They should know better how to take care of their money and these are only wannabes get-rich-quick people.

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,

Better to focus your time on learning something skillful than wasting time on bounties. Bitcoin paying campaign are also going on, which is a good thing to join though.

no law is holding them back, they have nothing to be scared of, project teams can do any how they feel like

Sadly it is true. Once you give them your money, it is gone. Whatever coin they sell to you, it is worthless anyway.

[shoreno]

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.

I support this too  . No matter what happen to our coins next , it's either they will be listed or not     , price pump or dump , that is already our problem anymore but we can now be satisfied as long we receive our payment from the bounties that we joined . I only see a bounty that has an escrow on payments for eth and other top coins but haven't see one if the payment is in form of tokens or other new altcoins . Hope they will start it now asap

[Ridwan Fauzi]

I support this too  . No matter what happen to our coins next , it's either they will be listed or not     , price pump or dump , that is already our problem anymore but we can now be satisfied as long we receive our payment from the bounties that we joined . I only see a bounty that has an escrow on payments for eth and other top coins but haven't see one if the payment is in form of tokens or other new altcoins . Hope they will start it now asap

It will be the same, your work can't be appreciated. You just wasting your time to post anything in this forum and your energy as well. If I were you I'll take my time to learn something useful like learn more about trading to improve my trading skill, at least if I spend money from my own pocket it will not be in vain. Because sooner or later I can make money in it and it can be made as my side income.

But another suggestion, if you still want to earn money on bounty you may need only choose a manager that has been trusted. There are a lot of managers which has been trusted in this forum as you can see here https://bitcointalk.org/index.php?topic=4412712.0 most likely if you join bounty campaign with those managers you will get a reward as you expected.

[Mondinic]

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

I think it's true that at least the prize is to pay for everything that has been contributed by supporters such as bounty hunters, because maybe they also don't want to disappoint their project supporters, and then give the hunters the right reward.

[vlast01]

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

Maybe the bounty hunters will have another opportunity to find the real projects which can give them the money by promoting the project to the public. But, yes, many scam projects which trick the bounty hunters right now cannot make money, and their names become bad in public. I think the bounty hunters need to check the details of every project before they participate in the projects.

In my opinion if there could be a way to lessen or remove all the scam bounty campaign so bounty hunter could promote legit and promising project, So investor and bounty hunter would not be fooled by the any scam project. I don't blame Bounty hunter spamming and advertising any project there are just a victim of scam bounty campaign  which they believe that the project they are promoting will be successful in the future.

[carlfebz2]

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

Maybe the bounty hunters will have another opportunity to find the real projects which can give them the money by promoting the project to the public. But, yes, many scam projects which trick the bounty hunters right now cannot make money, and their names become bad in public. I think the bounty hunters need to check the details of every project before they participate in the projects.

In my opinion if there could be a way to lessen or remove all the scam bounty campaign so bounty hunter could promote legit and promising project, So investor and bounty hunter would not be fooled by the any scam project. I don't blame Bounty hunter spamming and advertising any project there are just a victim of scam bounty campaign  which they believe that the project they are promoting will be successful in the future.

Then what would it be? This is a free market and you cant stop those scam projects to exist when its owners/creators would really tend to call for an ICO for their scammy idea.

This would continue as long these ICO market do still exist yet there are still bounty hunters who do continually supporting on advertising them just for the hopes of making

profit if the said project would able to listed out on various exchanges.We cant really remove that kind of mindset from anyone.

[cheater detector]

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

Maybe the bounty hunters will have another opportunity to find the real projects which can give them the money by promoting the project to the public. But, yes, many scam projects which trick the bounty hunters right now cannot make money, and their names become bad in public. I think the bounty hunters need to check the details of every project before they participate in the projects.

In my opinion if there could be a way to lessen or remove all the scam bounty campaign so bounty hunter could promote legit and promising project, So investor and bounty hunter would not be fooled by the any scam project. I don't blame Bounty hunter spamming and advertising any project there are just a victim of scam bounty campaign  which they believe that the project they are promoting will be successful in the future.

Many people already thought about that, but how can we do that? how to remove all bounty (especially altcoin bounty) while there are always people joined on them? they don't think anything and just joined if they think they are legit which hasn't and can't be proven yet.

[Saisher]

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?

Your thread is understandable so many of us have been a victim of this and it will not likely stop because they looked down on bounty hunters as worth pennies, the least that we can do is to reports these projects so investors will have second thought of investing, if they can do this to bounty hunters what more to investors.

[aioc]

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

I have seen this on one campaign managed by Julerz it's good for the community, we must call out bounty managers to do the same, it's good for the bounty hunters, for bounty managers and reputation of the project, it can create good vibes and trustworthiness from investors.

[btcltcdigger]

I agree that all hunters should be paid, regardless if the project succeeds or not. Project committed to it, and they should see it through.

However, some things need to be said as well:
- many projects will not agree to escrow (many come from non-crypto space, and to them escrow like minerjones means nothing, they don't trust anyone with their tokens/coins). and if you as a BM reject them because of that, they'll find some other guy that'll do it anyway
- many projects fail, and as such their coins are worthless, so they refuse to send them as "they have to pay the tx fee"

On the other hand, as one member said at the beginning of this thread:
- most hunters outreach is 0 (like 99% of them have 0 or some fake views/interactions)
- many hunters use multiple accounts (some can be caught easily, some might never)
- less than 0.1% of investors are attracted by bounty hunters
- most social media bounty tasks done by hunters are automated (bots, services like IFTT, etc...)
- over 75% of the hunters hardly speak any english and/or don't understand the rules
- over 90% of the hunters don't even read what the projects is about, they just apply
- almost all of the bounty hunters don't follow up on the project, meaning they just do the task and in 6 months rage that there was a token swap or kyc that they weren't aware of

And when you factor in all of this, and the results of the bounty (which is sometimes tracked by a 3rd party) it's no wonder that project owners feel the reward is wasted and cut it by even 90% or remove it completely.

I've seen few really good "hunters", people that made awesome HQ videos and had real audience, and i always went one step further to see they get rewarded.
Sorry guys, video that's shot from a phone while you read the whitepaper out loud in some weird language doesn't really cut it as PREMIUM advertising

[Samayuki]

Weak projects will always put blames on bounty hunters for price dump on exchanges, nothing can change this fact but Its better to be more strict with new bounty campaigns, many are bad, make sure you pick better projects only or follow good bounty managers

[TheUltraElite]

I think it's true that at least the prize is to pay for everything that has been contributed by supporters such as bounty hunters, because maybe they also don't want to disappoint their project supporters, and then give the hunters the right reward.

Your words make zero sense, mind rephrasing? Bounty hunters are not guaranteed any payment as per the terms of any bounty project, more so after the onset of scam projects and teams shutting down ongoing bounties. Its not about being "helpless" but being idiotic about what they are doing, if the hunters dont realize that they are being fooled then nobody can help them to stop wasting their time.

Weak projects will always put blames on bounty hunters for price dump on exchanges, nothing can change this fact but Its better to be more strict with new bounty campaigns, many are bad, make sure you pick better projects only or follow good bounty managers

Almost all the projects are failures from the start, I have stated this previously and I will say it again. All the ICO projects have mainstreams competitors and thus will not be able to gain an edge in the world market. The effect is that the token price reduces as people will sell but nobody buys.

-snip-

You deserve merit(s) for that. Sadly I dont have any left. 

[btcltcdigger]

You deserve merit(s) for that. Sadly I dont have any left.  

It's ok. It needed to be said out loud. It's unpopular opinion I'm afraid but IMHO it's the truth.
The stories I can tell, and my experience, I could probably write some memoirs...

Memoirs of a Bounty Manager:
Chapter I : Reserve translation for Klingon
Chapter II: When distribution
Chapter III: Sir I working hard, why no stack
Chapter IV: When Binance
Chapter V: SCAM

[Wulan]

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.

I think start not to easily follow a project that only makes promises, because if you stay in that position, I'm sure you will think like that forever, in my opinion, start thinking about researching a project that you want to follow then looking for basic information and if it can be confirmed then start contributing to a project,

[beveryu778]

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.

I think start not to easily follow a project that only makes promises, because if you stay in that position, I'm sure you will think like that forever, in my opinion, start thinking about researching a project that you want to follow then looking for basic information and if it can be confirmed then start contributing to a project,

Yes, absolutely before joining any bounty campaign we have to make research about it and afterward looking forward to making a wise decision. Because most of the hunters are seems regardless poor while selecting good bounty by joining it without doing research on it. If we research good enough while joining the bounty then there would be a higher probability of getting a good project.

[Mondinic]

I think it's true that at least the prize is to pay for everything that has been contributed by supporters such as bounty hunters, because maybe they also don't want to disappoint their project supporters, and then give the hunters the right reward.

Your words make zero sense, mind rephrasing? Bounty hunters are not guaranteed any payment as per the terms of any bounty project, more so after the onset of scam projects and teams shutting down ongoing bounties. Its not about being "helpless" but being idiotic about what they are doing, if the hunters dont realize that they are being fooled then nobody can help them to stop wasting their time.

yeah sorry if what I said didn't make sense maybe because I was still inexperienced, and maybe I just compared it with airdrop,
It is also true that until now I have not encountered anything like the collection of fees for a project, and now I am more familiar with what you are explaining,
but sometimes a lot of new people don't pay attention to this and just complete the task given by the project and also maybe I am that person, but for now I start to understand and be careful when I act.