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Topic: A suggestion for ICO promoters and bounty managers - page 4. (Read 1561 times)

legendary
Activity: 3766
Merit: 1217
The problem is who will supervise these frozen deposits?I don't think this is what Bitcointalk staff should do. As a Bitcointalk staff, their job is to ensure the clean and order of the forum Instead of being custodians.

What about the trusted users here who offer escrow services? There are a lot of users available with DT2 or higher. The big three (Monbux, Tomatocage & OgNasty) have built quite a bit of reputation for themselves. And then there are others such as SebastianJu and PsychoticBoy.
member
Activity: 448
Merit: 10
Great article by the OP and I agree to all what is being highlighted on his information. Indeed, there are many scam ICO's operating in this forum and I had been one of the victim on almost several bounties that I had participated where I ended up not being rewarded from my participation wherein right after the campaign there was no update on the spreadsheet and no information relayed on the Telegram. Bounty managers should have a strict requirement and I believe it should start with FULL MEMBER rank and  upwards. I hope with my new ICO participation, I could be able to get a reward soon.
copper member
Activity: 280
Merit: 1
Very good concern here, I got introduced into this sometime this year but going through threads and seeing what most persons complain are typically addressed by the poster, the implementation may bot be absolute but I am very much in support of the aspect there developers should deposit some amount in escrow before launching a campaign here. That way scammers will be reduced
member
Activity: 168
Merit: 47
False Moon
I agree on other suggestions but I don't agree with KYC implementation. We all know that personal information is a very sensitive information that I cannot afford  to compromise. In terms of dumping of coins, I don't believe that the bounty participants are the main reason of dumping of value because the campaign allocation is so small compared to investors and team allocation.

As I have already clarified many times, I don't want the bounty hunters to go through the KYC procedure. It's just for the ICO promoters, and to an extent the bounty campaign managers. Now if you are planning to raise $50 million or $100 million, then you need to take some responsibilities.  

The problem is who will supervise these frozen deposits?I don't think this is what Bitcointalk staff should do. As a Bitcointalk staff, their job is to ensure the clean and order of the forum Instead of being custodians.
So we need some other people,But what if custodian collude with the promoter? Who is going to supervise them, this is a never-ending problem.
In my opinion, the best way is to set up a credible supervisory body, preferably with a government background.
legendary
Activity: 3766
Merit: 1217
I agree on other suggestions but I don't agree with KYC implementation. We all know that personal information is a very sensitive information that I cannot afford  to compromise. In terms of dumping of coins, I don't believe that the bounty participants are the main reason of dumping of value because the campaign allocation is so small compared to investors and team allocation.

As I have already clarified many times, I don't want the bounty hunters to go through the KYC procedure. It's just for the ICO promoters, and to an extent the bounty campaign managers. Now if you are planning to raise $50 million or $100 million, then you need to take some responsibilities. 
member
Activity: 574
Merit: 12
Kuvacash.com
Your points are clear and good, if these problems are not checked when the situation is still bearable, then it may likely go out of hand. The greed for more cash is creating more problems and should be brought under control.
jr. member
Activity: 336
Merit: 1
You have proposed great solutions to the problems plaguing cryptocurrency in its entirety,  the part I love most is about the project team depositing a certain percentage of what they intend to raise to fund the implementation of their idea into an escrow account, that's going to be a very effective means of checking scam ICOs and secondly about cheaters on bounty registration, thorough screening should be adopted and the bounty managers too do some funny stuff on the spreadsheet, when we start having tested and trusted bounty managers, that's when there will be sanity in doing bounties and hard work will start paying off for genuine bounty hunters
newbie
Activity: 28
Merit: 0
full member
Activity: 644
Merit: 101
I am sure that today we need to say that bounty managers and bounty hunters really do their job, but the most important thing is that today we are being deceived and this is a problem that we need to talk about.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
We need to list all the bad bounty managers. Let everyone not join these bounty projects.

Rather than listing the bad bounty managers, it may be easier to list the good ones. Because there are thousands of scammers out there and if someone is blacklisted then the scammers can easily find a replacement. A good idea may be to limit the qualification to DT2 or higher.
We have some threads regarding who are the good bounty managers in the service discussion sections and also I have read a thread about bad managers as well but they are not sole responsible for scam maybe they also can be vitim too so it important to be a good analyst before joining on any bounties.
sr. member
Activity: 568
Merit: 254
I agree on other suggestions but I don't agree with KYC implementation. We all know that personal information is a very sensitive information that I cannot afford  to compromise. In terms of dumping of coins, I don't believe that the bounty participants are the main reason of dumping of value because the campaign allocation is so small compared to investors and team allocation.
sr. member
Activity: 504
Merit: 250
This thread is great, master!
The points are totally the same to what happened here nowadays.
If the promotors and bounty managers have the same idea as you, I think there will not be any scammers hanging around here. 
jr. member
Activity: 319
Merit: 1
Good opinion for me to go forward for being a bounty hunter if some ico is scam it's part of our work to go on it. It's a big mistake for being not paid in ico if the project will crash because we pick it on our way of some different ico.
legendary
Activity: 3766
Merit: 1217
We need to list all the bad bounty managers. Let everyone not join these bounty projects.

Rather than listing the bad bounty managers, it may be easier to list the good ones. Because there are thousands of scammers out there and if someone is blacklisted then the scammers can easily find a replacement. A good idea may be to limit the qualification to DT2 or higher.
jr. member
Activity: 548
Merit: 1
5. KYC must be mandatory for ICO promoters and bounty campaign managers (unless they are on level 2 DT). If this is done, then the scammers won't be able to set up multiple fake ICOs.
i agree with this , i working on bounty hunter in found many fake bounty manager he using cheat with corruption alocation for bounty using fake account
newbie
Activity: 287
Merit: 0
I strongly agree with your suggestion especially about bounty hunters.
Honest bounty hunters deserve protection from cheating.
many cases of bounty hunters who work for months don't get paid at all due to fake ICOs or fraudulent bounty managers.
Bounty hunters are also people who need money to meet their life's needs.

I also have suggestions for bounty managers, namely about KYC for bounty participants that are announced after the bounty campaign ends.
in my opinion, KYC requirements should be announced at the beginning of the bounty campaign not at the end.
member
Activity: 490
Merit: 11
jr. member
Activity: 180
Merit: 4
The Premier Digital Asset Management Ecosystem
We need to list all the bad bounty managers. Let everyone not join these bounty projects.
full member
Activity: 644
Merit: 103
Im agree for almost all your point, but i disagree if bounty hunting payment should be in major coin, im personaly prefer to be paid in tokens, simply because i think its the way to investing since early stage, if buyer using thier money to buy an ico, ive using my skill to 'buying' an ico.

But once again, im agree with you in many points Smiley
hero member
Activity: 1876
Merit: 512
I think most of your points listed above are Germaine but the issue is we are in a capitalist system and people should be given the opportunity to choose what to do, i know BCT staff don't want to be seen has been to strict or preventing people from growing on this forum that is why they come about the merit system but with the merit system also there is a Mattew effect in play here
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