Would you agree to insure your participation in the bounty company?

[maxreish]

Sorry but this method is for desperate bounty participants only. Paying fee inexchange of  guaranteed payments? Its unusual way, a weird assurance and a suspicious method. It will just lead to misunderstanding, we can't prevent to think that paying fee's a way to scam participants.

Unsure projects, that's very normal nowadays. It's the reponsibility of bounty participants to choose  a good projects and not with the unpotential ones. I also agreed to consider some escrow services for assurance of payments so the participants efforts will not go to waste.

[someone703]

It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.

Why are they paying a fee when participating in bounty? They spent a lot of time and used various tools to promote the project, so projects need to pay bounty hunter without forcing them to deposit money or do anything else. If bounty needs to send an amount money to participate, it is better to use that money and invest in altcoins in this market.

[bocyaj]

It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.

This is outrageous paying just to promote a project, I will never participate in a project that will oblige you to pay just to promote the project even if the project is legit, this should never be implemented bounty hunters suffers a lot from delayed, abuse and low paid and this is like adding insult to injury.

Participation in bounty now became a hard to earn a good money. After a two months of work, sometimes based on stakes we get less amount as payment. But in some bounty we get good money as a payment. It will help us to get a livelihood at this corona time. Many people qho doing normal job apart from online had lossed their job.

[ScamViruS]

It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.

Bounty is no longer as profitable as it used to be. The main reason for this is that the number of participants in Bounty has increased a lot, the number of participants has increased but the number of investors has not increased. So Bounty is not profitable now. I do not agree with the advice you are giving.

Because when you join Bounty, your job is to complete the task and get paid at the end. If the project is not successful then the token is useless. And there will be no benefit even by escrowing useless tokens.

[Bossfidelity]

I'll love to insure my participation for a bounty, if the reward is fixed and the insurance would guarantee that I'll get my reward, but I can't insure for tokens rewards, the reward has to be in btc or ethereum, since I know those coin have a long term validity. Insurance would take care of the headache of ensuring that I get my reward, while I just wait for my payment at the end of the period.

[akram143]

It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.

It will be worth if the payment is in bitcoin or ethereum or else the tokens means its just a shit idea and no one is going to risk money from their pocket to get useless tokens.If someone wants to ensure the payments from bounties better suggest the escrow which is cheaper and the pay will be from the team not from the participants.

[princecharles]

Nah, that's too far fetch though in my opinion. I think the best way to handle this is let the bounty manager escrow the funds or the tokens for his campaign so that the bounty hunters are going to be paid in the end. Why would you have to pay a fee then when you they can just escrow it? Doesn't makes any sense to shell out money in the first place. Your job is to promote as bounty hunters and getting paid in the end.

I totally agree with your point. Paying just to insure a reward you are yet to receive is not the best thing to do. If they insure the reward, will they also insure the value of the reward. Escrow is the best answer.

There's no doubt that Escrow is the best option when it comes to bounty rewards. The point is that, in a situation when every other factors are silent and you have to either insure your reward or nothing. This is not a real life scenario. No insurance company would want to insure any bounty when even the bounty hunter is not sure of the reward.

[yulchatar]

It sounds a little strange to me. I have to pay to be paid later for my work. In addition, if the project fails, I will be in the red - without a certain amount of money, my time will be wasted and I will have a certain amount, of possibly useless, tokens.

[Galley]

After reading all your answers, I came to the conclusion that they did not quite understand me correctly. I will try to explain.
1 You do not insure in any way from those who are associated with the project that you will advertise, it must be an independent company, I gave the example of Lloyd's corporation. They don't depend on anyone. For example, if you are the owner of a seagoing vessel chartered to carry cargo, it would never occur to you to insure the ship and the cargo from the owners of this cargo, after all. You will contact Lloyd. And they will never insure a leaky galosh for any money.
2 All settlements must be made in hard currency and the security deposit and payments in case of failure of the company. Calculation of the payout price based on the price of the token for ICO or IEO. Who needs tokens that will cost nothing, I have hundreds of them in my wallet.
3 Is it really a pity for someone to pay a few percent of what you can be guaranteed to receive. After all, for this, we will receive a guarantee that the specialists will check the project for cleanliness, study the managers, and everything that is needed very thoroughly, insurers will risk no less than ours. Having lost their considerable money, they will be able to find and punish the fraudsters in full, so that there is no more desire to cheat.
4 When buying tokens before listing on exchanges, we also don't know where their price will go. We assume that this will be a successful investment because we have thoroughly studied the project. Therefore, here too, we assume that the price will go up, and we will earn. But there is risk everywhere. This is what we pay for.

[Denongels]

It sounds a little strange to me. I have to pay to be paid later for my work. In addition, if the project fails, I will be in the red - without a certain amount of money, my time will be wasted and I will have a certain amount, of possibly useless, tokens.

it is strange and it seems that I don't agree with insurance for bounty campaign and prefer the traditional way, namely DD because all this time with DD we actually have also been paid, it's just that the results of DD sometimes just don't match when we receive the payment, but that doesn't matter.

[batang_bitcoin]

Why there is a need to pay a fee? that doesn't make sense if the bounty hunters have to pay for their participation. That's not the kind of thing that they are used to. Paying a fee for a entry looks like the typical scam employment, where the employer would ask you to pay a fee so that you'll get a guaranteed job. It is what I think and I think that's not going to work for those who know that kind of trick but the newbies, they are likely to fall from it.

[Baofeng]

[.. snip ..]

Your scenario doesn't apply in crypto though, so your argument is wrong in the beginning, specially your point #1. I'm sure you know that crypto is decentralised, so there's no central authority. Your point #2 is also invalid, project do ICO to raised money, they don't have hard currency obviously that's why they are offering tokens, but there is a catch, it's either it could have value or not. And that is why bounty hunting is at risk, it's either you win or you lose.

[kopijos]

It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.

what ?? bounty participants have to pay and even like investors. this is so LOL
a bounty participant is like a war soldier, standing in front of promoting the project steadfastly every day, should be paid a fair wage not a paying participant .. it's not worth it and it sure won't be that many bounty participants will participate because they don't agree

[lienfaye]

Bounty hunters will pay the fee in order to have an assurance of getting paid in the end? Its not fair.

They deserves to be paid for their hardwork and effort for spreading awareness about the project.

But it will only be paid off if you participate in a worthy one.

[poodle63]

Nah, that's too far fetch though in my opinion. I think the best way to handle this is let the bounty manager escrow the funds or the tokens for his campaign so that the bounty hunters are going to be paid in the end. Why would you have to pay a fee then when you they can just escrow it? Doesn't makes any sense to shell out money in the first place. Your job is to promote as bounty hunters and getting paid in the end.

I totally agree with your point. Paying just to insure a reward you are yet to receive is not the best thing to do. If they insure the reward, will they also insure the value of the reward. Escrow is the best answer.

That means the key should be on the escrow and it's not about the insurance for the hunters. AFAIk if so many threads have already discussed the potential for the project that will be using escrow in the future but the answer is always the developers were rejected to use escrow.

[shollyen]

It is a very good move, if the fee will not be a pain in the ass  again. If this is also guaranteed, then fine. Although, I will prefer to be paid in a coin that is already traded. Also, I feel most might not want to be part of this, but I as for me, I am in.

[DarkDays]

Firstly, I don't think any insurance syndicate in their right mind would ever insurance a bounty, unless you're going to pay 99% of the reward ever time.

They don't give the slightest damn about the measly sums handed out in bounty campaigns, nor do they have the time to form a bespoke deal with every campaign manager and bounty clients.

Bear in mind that most bounty hunters aren't even willing to fork over their KYC to register for high-quality bounties, so they're certainly not going to do so to insure their participation.

They also don't understand risk and reward, or they wouldn't be participating in bounties in 2020 to begin with.

[Finestream]

Insurance company would certainly like this, they have nothing to lose as they are the one who will create the rules in favor of them.

The question only lies to the bounty hunters as we are the one who will pay for the premium and since bounty hunting success is quite low, now, ask yourself, are you willing to pay a high premium just to get your bounty reward insured? And if you get your reward, how sure are you that you'll be able to sell it at expected price that your proceeds is higher than the premium you paid to the insurance company?

[nikki4]

The Bubbalex manager campaign already agreed to pay 3 times transaction fees, why bounty hunters should pay to receive rewards. Teams should focus on price instead of transaction fees. Wapinter campaign name: Dogdata didn't pay transaction fees to complete distribution. For some projects these rules could be worthwhile.

[mr.smith]

It sounds a little strange to me. I have to pay to be paid later for my work. In addition, if the project fails, I will be in the red - without a certain amount of money, my time will be wasted and I will have a certain amount, of possibly useless, tokens.

I also do not like the idea bounty hunters do not know if the price will take off he will be paying with his own coin to a useless coin, and this will be another scheme developers will launch projects because of the bounty hunters fee not on the platform that they are going to set up