The bounty scam will gradually go away

[Lantind]

Social media section promote more scam project that other. Telegram became the main point of scammers because of its privacy policy. This type of scam will not stop but we senior members can take some steps to prevent it. They can review the project before posting on the forum so that the scam project can not be published any promote through hunters.

Yes, you really have to make a review of the new project before posting, but it is also difficult to know at first, so many also qualify to be posted, because the scam or not a project is sometimes discovered after the project is almost finished, not when the new project starts.

[South Park]

Actually we lost so many campaigns that distributed BTC payment. Even the same for signature campaign. If you follow some campaigns from now to two years, then you will find that most of them are dead. Although the same projects amount is always high, I'm seeing that continuously coinmarketcap listed coins are increasing 2k, 3k 4k. Some legit projects still survive.

Some of those can be explained away as just part of the normal cycle of any market, after all we cannot expect every single coin to be as successful as bitcoin and it is natural many face bankruptcy, but it is also true there are many scams in the market and without a doubt this makes very hard for investors and bounty hunters to decide in which project to invest their time and money, that is why I decided to invest in bitcoin and a few selected altcoins and forget about the rest of the coins.

[HK88]

I don't think that scam projects will disappear in this forum, they will always be around from time to time. we have lots of btc paying signature campaigns and yet there are so much scam project around, so an inclusion of social media (twitter) in btc paying campaign will not reduce anything, besides not all project will hold a btc paying campaign.

[bjmpoker001]

Im not sure about that. There were many scam bounty campaigns since the beginning of ICO.
Scammers always trying to find a way to scam people, not only investors but the hunters as well, to obtain free promotion.
We should take our time more, it is very important to research on the project we join.

[Mauser]

I don't think that scam projects will disappear in this forum, they will always be around from time to time. we have lots of btc paying signature campaigns and yet there are so much scam project around, so an inclusion of social media (twitter) in btc paying campaign will not reduce anything, besides not all project will hold a btc paying campaign.

I agree with you, as long as at least one person is falling for the scam, they are not going away. It's too attractive for the scammer to make free money with only a little bit of work. And as people are generally interested in giveaways and free coins, we will keep seeing scam campaigns. Even though bounty campaigns decreased this year, it's no guarantee that scams will stop. We can't let our guards down and need to keep checking every project.

[ekeh]

They're many projects coming out day by week, which we have good project that is not scam and went successful after the ICO, but in the means of this project, some are scam project, and that has been a serious issue, after western your time and energy to promote such project at the end, discovered is a scam project, which is very bad.

[Dariusburst]

I don't see how bounty scam will gradually go away because not all project team are sincere or have reputations to protect, this have make bounty hunters to have less respect in crypto space, new projects seek for bounty hunters to create awareness for their new projects but when it comes to paying they show their real colors.


The only solution to bounty scam is escrowed and this is only what good bounty platforms or bounty managers should introduce to atleast limit disappointments of not getting paid

[manfredmann]

Wow hopefully that will be implemented so that bounty scam will be eradicated or minimized to the minimum number as much as possible. Anyway, I will be happy to see if changes in bounty scam will going to be resolved as  what OP stated that it is a cancer in the bitcointalk forum or to other forum as well. Admin of the forum has the great task of this but since they are not taking action for now and they had not make some announcement regarding to it well get used of it somehow. I can still learn about cryptocurrency from updates and the current events.

[iTradeChips]

This is one good example why bounty scams will never disappear, and that is because of man's greedy nature. As long as man will continuously disrespect people who are slow in learning and those who are disabled, scams will never disappear. As long as there will be people who will succumb to the whims and glamour of projects that has no real backbone or future whatsoever. Be vigilant people so that you will never fall victim to this.

[taguig]

The only solution to bounty scam is escrowed and this is only what good bounty platforms or bounty managers should introduce to at least limit disappointments of not getting paid

Not only escrowed but also ther developers should also pay bounty hunters with trade able coin or tokens I love to see the day that we are going to get paid with trade able coins so they cannot stop blaming bounty hunters of dumping their token, developers are so quick to blame bounty hunters when there's dump.

[0t3p0t]

Bounty scam will not go away as long as there are hunters that are willing to join even if the project is an obvious scam. But it is good to see that there are now social media campaigns that are bitcoin paying. Though we already saw that before, but seems, it is going back again. The good thing is that the manager handling that campaign does accept btc and not token or unknown alt. That is also for the welfare of the participants. At least, they are sure that they are getting paid with valuable coin rather than worthless token that is not yet listed in an exchange.

I stopped bounty after 2019 only reentering this year because I was faced with a bit of financial troubles and things haven't improved, the reward is ridiculously low and most times the value afterwards is just too disappointing.

I hold some very huge amount of coins that was suppose to do well in this bounty period but are still struggling till date.

I feel you mate😁 We really hope that we can find ways to eliminate these scam and worthless projects that are launching continuosly until these days. They disguised to be something legitimate and then disappear after they got what they want. I think it would be nice if project team has collateral escrowed on trusted person depending on the amount they allocated for the forum bounty just to make sure they are legit and will not run away after the program. We bounty hunters spent our entire time to promote them but they failed us with worthless tokens/coins it is not actually the matter of choosing the right one but it is all about trust and hope. Investors are the most affected people when it comes to scam.

I don't see how bounty scam will gradually go away because not all project team are sincere or have reputations to protect, this have make bounty hunters to have less respect in crypto space, new projects seek for bounty hunters to create awareness for their new projects but when it comes to paying they show their real colors.


The only solution to bounty scam is escrowed and this is only what good bounty platforms or bounty managers should introduce to atleast limit disappointments of not getting paid

True.

[Jeger.Kiting]

It seems that this issue has been discussed several times, but until now there has not been a good system to get rid of fraudulent projects, even until now I still find fraudulent projects in the gift thread, there are even projects that have no capital. and dare to run it, far compared to the previous year ..

I hope this is not nonsense and is really done to eradicate fraud smelling projects ..

[Alert31]

Just recently we are beginning to have some Twitter campaign giving hunters reward in btc in the service section. This is one sure way to take off this muster that seem like a cancer called bounty scam.

I'm believing that gradually, will may start seeing the inclusion of other social media signatures like Facebook, LinkedIn, medium, article, videos, blogs and many more, coming up in  both bounty section and service. I'm sure that hunters will prefer social media signature than the scam going on in the board.

I guess one reason that we are seeing that Twitter campaign is because of the audit which takes care of non real followers of an account. So if your Twitter account isn't made of real followers, you stand no chance of being selected. The audit is surely to check out accounts with fake followers and that is also good to stop scamming.

Services under Marketplace if you join signature or social media campaign you will get paid in btc because it was already paying in btc long time ago. uNLIKE IN  Bounties section under Altcoin once you join a campaign you will get paid with a tokens of the project you are promoting. Your lucky if you can join a campaign that pay with Ethereum.

Anyway, scam project will not disappear in cryptoworld because there are also people that still promoting a project even it is scam.

[xZork]

Bonus scam persists as long as the bonus program does not provide a margin in a currency that is listed on the trade.
Up until the present time no one could have guessed whether a bounty program was good or bad before it defrauded the bounty hunter.
Personally, I have seen a lot of bonus programs that promise all kinds of things and they promise to pay in btc or eth, but as soon as the bonuses are over they disappear.

[J1mb0]

You're make it complicated, it's still social media campaign as we see in bounty program... It just different on the payment.
 

Yes, I personally think it is no different from other bonus programs, simply that they promise to pay in btc or eth instead of the project's coins.
However if it's a scam, I'm sure no one can get any money from them.

[lousie9]

bounty project scams will never go away in this industry, every day new projects appear and also every day there are always fraudulent projects being exposed. As a bounty hunter you should always be alert before joining a bounty project and if you are a project investor, invest your money properly. and not by investing in bad projects.

[Doranile432]

Scam bounties will always be amongst us in crypto space, DeFi projects are reigning now and just take a look at bounties section of this forum, you will see many DeFi projects that come out of nowhere, 99% of them are rubbish, I was able to spot DIA DeFi, oikos DeFi, Ferrum and Lattice Exchange because they are just different from the rest, make sure you are picky

[ameliana]

bounty scams will always be on this forum and scamerrs are always around us. so stay alert. as bounty hunters we can still avoid it by not promoting suspicious projects. use your time well and get out if you think the project you are promoting is suspicious.

[mobilestrike]

I don't see how bounty scam will gradually go away because not all project team are sincere or have reputations to protect, this have make bounty hunters to have less respect in crypto space, new projects seek for bounty hunters to create awareness for their new projects but when it comes to paying they show their real colors.

So you can see because of their these scams now their projects are failing one by one, if they will be sincere with their promoters and will pay what they promise, then in the future people will trust projects and all of the projects will get success.

The only solution to bounty scam is escrowed and this is only what good bounty platforms or bounty managers should introduce to atleast limit disappointments of not getting paid

Yes they have to escrow but to make sure that they escrow in BTC or any other coin which is actively traded on good exchanges as many times they pay in their coins but they do not list their coins and the bounty hunters do not get for what they work hard. So they have to escrow as a security which will be returned after paying to bounty hunters successfully in their tokens and the tokens are listed.

[kawetsriyanto]

bounty scams will always be on this forum and scamerrs are always around us.

Unfortunately, it is the fact. We cannot deny their existence. They will be always there and wait for the right time to scam people. Bounty isn't a job that protected by the government, so there should be many chances for scammers there.

as bounty hunters we can still avoid it by not promoting suspicious projects.

Indeed. You also must avoid promoting a project that has a problem in this forum. If we have a good intention to fight with scammers, just avoid anything that supports them.