Considering the increasing number of the ICO campaigns lately, and especially the number of the swindling ones, I got that crazy (but under the circumstances still apparent) idea – why wouldn’t we make a sort of a “Bitcontalk bounty hunters’ Union”?
Before you start to vomit on me or the idea itself, please care to read the text because you will see that it would benefit not only the labour force, but also the (honest) employers. I’m not claiming that it could be brought to life, but this is completely another question. These are just my thoughts on this subject that I find very important for every person that works for altcoin campaigns on this forum.
So, first of all, why would we need a union?
Like every union in the world, the bounty hunter’s one will be there to protect the rights of the labourers on the forum. The biggest problems that the people who work for the ICO campaigns are facing is the uncertainty about the payments. Campaign owners can disappear with the money, they can indefinitely postpone the payment of the bounties, or lower the rewards of the participants at their will once the job is done (I had many similar experiences of every of the mentioned sorts, and guess each one of you had them if you are here long enough).
How can a Union fight that?
My ideas are the following:
1. Demand the KYC procedure for ICO employers – KYE (know your employer).
Well, they started to demand from the participants of the ICO campaigns to pass the KYC procedure (and some of them manipulate with the results, as well as with the time needed to perform the document verification), so why wouldn’t we ask from them to do the same? If we can check who they are, where they live, what they own, and we have their telephone numbers and skype addresses, then that would be a completely different ball game.
2. Demand an escrow with pre-mined/pre-created tokens/coins designated for the bounty rewards payment.
That wallet will be in the hands of the neutral bounty manager, preferably a member of the union, with the max number of coins designated for the campaign (the “hardcap reached” number of coins). If the campaign doesn’t achieve its goal, or proved to be completely unsuccessful, the proper amount of coins will be given back to the hands of the owner or burned. But it would prevent the arbitrary distribution of tokens, for example, in the case when a certain bounty campaign had a lesser number of participants, and they should receive larger shares of the tokens from the pool designated for that campaign – one of the most common situations in which the bounty owners usually “make a decision” that the rules which they have set at the beginning of the campaign don’t longer apply, and that the participants of these campaign will receive a fixed sum, considerably lower than the sum which they are actually entitled to.
Of course, there are lots of other stuff that a Union could be able to do for its members: organize trainings (in English language, for example) in order to improve the quality of work, achieve communication and arrangements with the government of the forum and negotiate the benefits for its members, and many other interesting stuff. It could also make a sort of a blockchain token that can be used as a “proof of quality”, “proof of improvement”, or something else, the possibilities are vast.
How can a Union achieve all that?
Like with every union that has ever existed, that’s the trickiest part – it has to become large enough to represent the considerable force. In that situation ICO campaigns that are seeking the labourers for their marketing campaigns and don’t want to agree to the terms of the Union, could be faced with the lack of the workers for their campaigns and forced to pay large sums to the agencies that will perform the marketing activities for them. The bottom line is that the only thing an organized group of marketing labourers can do is to deprive the employer of their work.
But a big Union can also make a pressure on the potential swindlers because it would have members from all the countries in the world. I would think twice to cheat on someone if I’m aware of the fact that he knows where I live and that he can visit me in the middle of the night with the bunch of his union friends.
How would employers benefit from the Union?
The first and the obvious benefit would be that – if Union approves their campaign – labourers will have more trust in their project and their honesty, and that would attract more labourers to the project. Secondly, Union could provide them with the information about the workforce and vouch for their quality (based, for example, on some “proof of quality” token, or some database).
How can the Union itself be achieved?
Well, I guess there’s no other way but to work on that. People may think they can achieve something alone, that they are better alone, but the said truth is that a lone worker (or an unorganized bunch of them) is the easiest prey of all for any employer, and that he simply can’t exercise his rights in the situation in which he is scammed or damaged. But if he has a large body that can stand for him and his rights, reach different countries, and maybe, in the future, in some legally regulated circumstances even sue the employer, he wouldn’t be just a candle in the wind.
My guess is that there would be a large number of Bitcontalk bounty hunters who will be interested in the idea, and that the main job will be to reach them on the local forums. That’s why I think that the people from different language communities have to be engaged in the implementation of the idea. The large number of members and activities would also require some sort of the organisational structure, with the representatives from all the language communities in the “management” of the project. I also believe it should be totally free for the members.
Please don’t think of this post as a “Union ICO”, or a ”Union Founding Act”! These are just my thoughts on the subject that I find very important. If you find this subject important, if you have some ideas, or if you find the idea of a Bitcointalk Bounty Hunters’ Union compelling, please share your thoughts and ideas, and maybe, in time we can come up with a structure or a feasible plan how to achieve a better situation for all of us.