🕵️‍♂️Student Coin Team are Scammers in Disguise, Refused Paying Hunters Reward

[Rikafip]

As with everything else in this accusation, the $70 million figure is out of context. $70 million is the peak value of the ICO proceeds at ETH's highest price.

I see, thanks for explanation. So he picked up the number that fits his little narrative the best

Regardless, without posting the contract contents between the coin team and the bounty manager, this just looks like an extortion attempt to cash in on a successful project.

Clearly Bounty Detective was hoping to use sympathy from the Bitcointalk community as leverage (that idea already sounds stupid as I type it) for what appears to be an extortion scheme.

This part of the conversation (in the screenshot below) says much about bounty manager, and that his client's interest is very low on his priority list. Despite huge amount of bounty hunter's work being rejected, he insists that bounty pool is fixed and that it shouldn't be adjusted. To me that doesn't make any sense, and generally this stake system is seriously flawed unless bounty pool is can be adjusted, depending on the amount of bounty hunters that did proper work. Unless you adjust it, you end up with someone getting 10k USD for a lousy article and that is just wrong, imho.

Coin teams need to pay more attention to the quality of work that precedes the bounty manager's reputation if they want to avoid issues like this.

Those altcoin teams obviously have no clue about bounty campaigns, since they are willing to allocate such a huge amount for bounty campaign. Bounty managers probably promise them thousands of quality bounty hunters and that's how they persuade them to allocate unrealistically high amount.

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[TopTort777]

C'mon man

It is always funny to read how hunters that just add hashtags while doing 5 weekly retweets complain more than others or say “we work hard and must be paid”. If you ask that kind of hunters what is the project about that he promotes, with 99,99% probability he wont answer instantly and say “lets me check wp or give me 5min”. How long was that bounty? 12 weeks? 12 week * 5 retweet * 1min max for task to be done = “we worked hard”

[Rikafip]

It is always funny to read how hunters that just add hashtags while doing 5 weekly retweets complain more than others or say “we work hard and must be paid”.

Oh yeah, that standard story about "hard work" which in reality consists of 5 minutes per week for tweets, and a little bit longer than that for paraphrased or text spinned article. That of course doesn't mean that they shouldn't be paid for the work done, but they should stop kidding themselves that what they do is hard, or that is crucial for project's success.

[nutildah]

I participated in student coin bounty and they really disappointed they scammed bounty hunters by not paying the amount which they promised to pay us. We bounty hunters did our work by marketing for the coin and they ended up paying hunters little amount which is very bad. For the team to scam bounty hunters definitely I don't really trust the team and I don't trust the project so everyone have to be careful with the coin.

Let's take a look at your actual contribution to the bounty, shall we? Here's your signup post:

Delete

What did it used to say?

#PROOF OF REGISTRATION
Forum Username: Abubakar56
Forum Profile Link: https://www.altcoinstalks.com/index.php?action=profile;u=77401
Telegram Username: @Abubakar56
Participated Campaigns: Twitter, LinkedIn signature
ERC20 Wallet Address: 0xB9C948238FbE933109acD33C115C4a4e4fb629f7

Most of your Reddit posts get removed because they are copy/paste spam:

https://www.reddit.com/user/Abubakar56

Twitter, more copy/paste spam with an average of 0.2 Likes per post:

https://twitter.com/Issa93363656

I don't even know why people even bother holding bounties for LinkedIn.


FWIW, you're not a cheater, as far as I can tell, just lazy and greedy, which is par for the course.


Bounty Detective made 5 ETH from this bounty. They still win even when their participants lose.

Nobody should be hiring Bounty Detective to run their bounties, unless they want low-quality work with the chance of being extorted.

[bakasabo]

Nobody should be hiring Bounty Detective to run their bounties, unless they want low-quality work with the chance of being extorted.

Projects simply should stop running social media bounty campaign, because it is total waste of money. All the information is shared among one and the same people. Most of twitter followers are fake and #followback accounts, all facebook friends are fake/bounty hunters/those who will never invest. LinkedIn - I think this is not even a place for bounty. It just just combines same lazy and greedy hunters from facebook and twitter campaigns.

Instead of social media bounties, projects would better use same budget to add an article on popular news platform or put a banner for a week somewhere.

[Japinat]

Nobody should be hiring Bounty Detective to run their bounties, unless they want low-quality work with the chance of being extorted.

Projects simply should stop running social media bounty campaign, because it is total waste of money. All the information is shared among one and the same people. Most of twitter followers are fake and #followback accounts, all facebook friends are fake/bounty hunters/those who will never invest. LinkedIn - I think this is not even a place for bounty. It just just combines same lazy and greedy hunters from facebook and twitter campaigns.

Instead of social media bounties, projects would better use same budget to add an article on popular news platform or put a banner for a week somewhere.

You can't generalized it, it could still attract investors as not all participants are doing that, taking that away is a bad idea, maybe just decreasing the reward would help as the job is too easy, some projects just require a once-a-week tweet and share the task.

Signature campaign might help a lot as some investors are here in the forum looking for projects to invest.

[bakasabo]

Nobody should be hiring Bounty Detective to run their bounties, unless they want low-quality work with the chance of being extorted.

Projects simply should stop running social media bounty campaign, because it is total waste of money. All the information is shared among one and the same people. Most of twitter followers are fake and #followback accounts, all facebook friends are fake/bounty hunters/those who will never invest. LinkedIn - I think this is not even a place for bounty. It just just combines same lazy and greedy hunters from facebook and twitter campaigns.

Instead of social media bounties, projects would better use same budget to add an article on popular news platform or put a banner for a week somewhere.

You can't generalized it, it could still attract investors as not all participants are doing that, taking that away is a bad idea, maybe just decreasing the reward would help as the job is too easy, some projects just require a once-a-week tweet and share the task.

Signature campaign might help a lot as some investors are here in the forum looking for projects to invest.

Never seen social media campaign, that asks to do retweet/tweet/share/post once a week.
Perhaps you are right, maybe some social media campaign hunters could attract someone, but I really doubt that. Check any social media hunters account for his followers and friends - hard to see "not a hunter" among them. I havent seen a single bounty hunter buying projects altcoin. I will stress on bounty manager must be more selective while choosing participants to the campaign. Take first 200-400 is not the best option to select participants.

[Mistafreeze]

Nobody should be hiring Bounty Detective to run their bounties, unless they want low-quality work with the chance of being extorted.

Projects simply should stop running social media bounty campaign, because it is total waste of money. All the information is shared among one and the same people. Most of twitter followers are fake and #followback accounts, all facebook friends are fake/bounty hunters/those who will never invest. LinkedIn - I think this is not even a place for bounty. It just just combines same lazy and greedy hunters from facebook and twitter campaigns.

Instead of social media bounties, projects would better use same budget to add an article on popular news platform or put a banner for a week somewhere.

Social media bounty campaigns is not really waste of time but selection of participants should not be first come first serve but moderated just like the ways signature campaigns are run by choosing the most active and responsible participants. Cheats and spammy posts are always found on bounty campaigns which should not be so. Also penalty should be given to people that failed to adhere to the rules of a bounty campaigns not just deciding not paying them.

[noorman0]

Social media bounty campaigns is not really waste of time but selection of participants should not be first come first serve but moderated just like the ways signature campaigns are run by choosing the most active and responsible participants. Cheats and spammy posts are always found on bounty campaigns which should not be so. Also penalty should be given to people that failed to adhere to the rules of a bounty campaigns not just deciding not paying them.

I understand Bakasabo's point is from the project side. In addition to wasting marketing time, of course, a waste of funds. I'm not sure even 1% of the hundreds to thousands of bountydetective's social media bounty participant accounts have caught the attention of their followers.
Social media has turned into a space for scammers, people are starting to doubt investment requests from others on social media.
Social media only moderates advertisements (and even then it is doubtful), but does not moderate posts.

I agree with the members above that if a project wants to pay for good quality promotion, avoid social media campaigns. Unless they just want quantity, or basically want to avoid paying like this is the case.

[Kong Hey Pakboy]

I participated in student coin bounty and they really disappointed they scammed bounty hunters by not paying the amount which they promised to pay us. We bounty hunters did our work by marketing for the coin and they ended up paying hunters little amount which is very bad. For the team to scam bounty hunters definitely I don't really trust the team and I don't trust the project so everyone have to be careful with the coin.

You won't trust them again if they did something bad to you and I am pretty sure that not everyone could've seen it coming because there weren't any active accusations about Student Coin before they did the dirty deed. That's why a lot of people have been staying away from Bounties lately, there is only a few good left bounty campaign anymore.

[ScamViruS]

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You won't trust them again if they did something bad to you and I am pretty sure that not everyone could've seen it coming because there weren't any active accusations about Student Coin before they did the dirty deed. That's why a lot of people have been staying away from Bounties lately, there is only a few good left bounty campaign anymore.

Before joining any bounty, it is the responsibility of the participants to find out the details of that bounty project. Because, most of the bounties fail and without paying the bounty hunters, those projects remain in the market without any hassle.

The bounties that a reputed manager brings are little more guaranteed to get paid for those bounties payment. So these things should be kept in mind before joining any bounty.

[Kong Hey Pakboy]

You won't trust them again if they did something bad to you and I am pretty sure that not everyone could've seen it coming because there weren't any active accusations about Student Coin before they did the dirty deed. That's why a lot of people have been staying away from Bounties lately, there is only a few good left bounty campaign anymore.

Before joining any bounty, it is the responsibility of the participants to find out the details of that bounty project. Because, most of the bounties fail and without paying the bounty hunters, those projects remain in the market without any hassle.

The bounties that a reputed manager brings are little more guaranteed to get paid for those bounties payment. So these things should be kept in mind before joining any bounty.

The problem with that though is that not everyone has the time to research plus most bounties look promising and legitimate at first so it's really hard to find if it is a legitimate bountry or not.

[guillaume.bonnot]

Too bad, very disappointed   
No reply till now

[nutildah]

Too bad, very disappointed   
No reply till now

Why would you care, you didn't participate in the bounty.