Topic: Bounty Managers do not Determine the Legitimacy of a Cryptocurrency Project - page 8. (Read 5353 times)
July 18, 2019, 02:55:29 AM
Thats true, its not about how populer or how good reputation of that bounty manager , but all success depend on how good the team and the project it self , so whenever you wanna do invest, the best way don't ever do invest unless you check by your self
July 18, 2019, 02:03:31 AM
While investing we have to be very careful and can not rely on bounty manager's rank, as our hard earned money is on stake.
Since, it's efforts which will be wasted if project turns out to be scam later, will not affect much.
I have seen very rare cases where project turned out as scam whose bounty was managed by high rank bounty manager.
So it's possible.
Since, it's efforts which will be wasted if project turns out to be scam later, will not affect much.
I have seen very rare cases where project turned out as scam whose bounty was managed by high rank bounty manager.
So it's possible.
July 18, 2019, 01:31:35 AM
Good bounty managers will always tell participants to always do their own research before joining any his bounty because some fake projects are very tricky to detect so no matter how good the bounty manager is hunters should do their part as well
July 18, 2019, 01:22:33 AM
We have special bounty managers in crypto space not because they introduce only good bounty projects but because of their sincerity with their work,that's what makes them special yet they can introduce fake projects unknowingly,its bounty hunters duty to investigate before promoting any project
July 18, 2019, 01:17:19 AM
It is not that easy to determine if a project will become a scam or not. There are a lot of key indicators to be taken into account: Whitepaper, team experience, milestones, social media activity etc.
However, it's hard to predict if the project will develop as per Whitepaper or if it will just vanish when the soft/hard cap is reached.
However, it's hard to predict if the project will develop as per Whitepaper or if it will just vanish when the soft/hard cap is reached.
July 18, 2019, 12:45:54 AM
Bounty managers don't determine the legitimacy of any project(s) because almost all of them are just hired and not part of the core team that is saddled with strategic planning and decision making.
A bounty manager can only try in analysing the project to convince himself/herself and those working with him (bounty hunters) that such project can be trusted(which of course is not certain)
A bounty manager can only try in analysing the project to convince himself/herself and those working with him (bounty hunters) that such project can be trusted(which of course is not certain)
July 17, 2019, 11:49:47 PM
I disagree with this, there are low ranking bounty manager who pulled of some succesful projects. Take notice those legendary member who has red tags. Why the hell, they become one? Any bells ringing? Its not about the rank but the integrity and honesty of the BM. Even, the campaign Ive joines now is a new BM, I cna sense the potential and the integrity of him towards this project.
July 17, 2019, 10:30:22 PM
That is one of the factor when you start to join bounty program or investing. The bounty campaign manager especially a member of this forum who are used to handling bounty campaigns and have a good reputation in this forum.
I have oftentimes to see bounty campaign manager of this forum (reputable manager most of them are have a high rank) decided to cut/stop the bounty program because the project has cought having a fake team identities or anything else which is not in accordance with the facts.
Based of that I believe bounty manager who have a high rank and was trusted by many people of this forum can make investor or bounty hunters comfortable. But I guess it is only for avoiding scam projects, it does not ensure investors and bounty hunters get multiple profits.
I have oftentimes to see bounty campaign manager of this forum (reputable manager most of them are have a high rank) decided to cut/stop the bounty program because the project has cought having a fake team identities or anything else which is not in accordance with the facts.
Based of that I believe bounty manager who have a high rank and was trusted by many people of this forum can make investor or bounty hunters comfortable. But I guess it is only for avoiding scam projects, it does not ensure investors and bounty hunters get multiple profits.
July 17, 2019, 08:00:49 PM
It depends on the character of the bounty managers, we all know that many bounty managers are competing with each other, they would sometimes get a project that is considered high risk, just to get more projects in their portfolio or to get more jobs, of course, they put disclaimers on their participation, to keep them in a safe side.
July 17, 2019, 06:54:34 PM
Bounty managers are most times employees, their only stake is the amount agreed upon which they will be paid. As long as they pay them they continue to do the job, it's not their business if the project is legit or not except those who feel they have an integrity to protect.
July 17, 2019, 01:49:53 PM
some knows, some may not.. there are bounty managers that taking only the advantage of being paid for their service..
July 17, 2019, 12:09:04 PM
Most of the bounty managers out there know how to promote the real project and they don't want to make their names look bad by blindly promoting bounties that don't have legitimacy. The managers that don't care about legitimacy often receive bad consequences from the DT members and mostly get tagged.
If what you mean is they are good in promoting bounty projects, I would agree with you. But if what you are really saying is most know how to promote real projects? Not really. There's only a few of them. I'm not sure how you can say that so easily, I guess you have not joined a lot of bounties yet managed by different campaign managers.
July 17, 2019, 11:54:42 AM
Most bounty manyaher don't care if bouhtyy participants are paid or not provided they have got their own payment, the welfare of bounty hunters is not their priority, using manager rank or experience as criteria in selecting bounty is wrong and could be misleading.
July 17, 2019, 11:31:40 AM
Yes, you are right about that and statements on this thread, if the bounty manager is reputable it doesn't mean that it will be successful. Well, it may lessen the risk but still there's a high risk in doing so. I was one of the victim of HASHCARD, does anybody know them? It was managed by needmoney - which is one of know manage that turns into a scammer as well wherein previously joining their campaign was profitable so when I see hashcard which is good I believed that time, me and my friends invested but suddenly in just an instant our savings were gone!
July 17, 2019, 11:29:22 AM
I have read a lot of people claiming that the rank or online personality of the bounty manager can help in knowing the or determining if investing in a token project will be worthwhile. I must tell you I was of the opinion until this morning when I learnt about the incompetence of a bounty manager I used to follow. Remember most of us don't know each others beyond our online profile. I learnt he will be managing more bounty after he left his old profile to embrace another one.
Although, he's not tainted as fraud yet because my source won't say if he is. But the issue is if he is to fraud unsuspecting newbies, that how he will do it. U believe u can trust him base on his forum rank and experience. But he is fake who has series of identities for his guise.
So, don't join a bounty or invest in a project because of the bounty manager. Do your research before investing your money or time on any project.
Bounty manager gives nothing to the result of bounty until this manager implements the verification to the ICO before it wanna manage it and it can't be trusted. We have learned a lot about that and it looks like more education about that is needed by a lot of bounty participants. Although, he's not tainted as fraud yet because my source won't say if he is. But the issue is if he is to fraud unsuspecting newbies, that how he will do it. U believe u can trust him base on his forum rank and experience. But he is fake who has series of identities for his guise.
So, don't join a bounty or invest in a project because of the bounty manager. Do your research before investing your money or time on any project.
July 17, 2019, 11:21:00 AM
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I learnt about the incompetence of a bounty manager I used to follow. Remember most of us don't know each others beyond our online profile. I learnt he will be managing more bounty after he left his old profile to embrace another one.
Although, he's not tainted as fraud yet because my source won't say if he is. But the issue is if he is to fraud unsuspecting newbies, that how he will do it. U believe u can trust him base on his forum rank and experience. But he is fake who has series of identities for his guise.
I learnt about the incompetence of a bounty manager I used to follow. Remember most of us don't know each others beyond our online profile. I learnt he will be managing more bounty after he left his old profile to embrace another one.
Although, he's not tainted as fraud yet because my source won't say if he is. But the issue is if he is to fraud unsuspecting newbies, that how he will do it. U believe u can trust him base on his forum rank and experience. But he is fake who has series of identities for his guise.
Can you please share with us who's the Bounty Manager you talking about?
To be honest, the Bitcointalk Rank is not a guarantee of a project or Bounty Campaign.
To be made ONE OF the considerations MAY be possible, but NOT ALWAYS.
Keep doing deep Research and Do With Your Own Risk
July 17, 2019, 11:07:51 AM
for investment I better invest assets in projects that do not have a bounty, and to choose bounty indeed if we can be mistaken and for rank is not a guarantee because there were lots of BM with hero-legendary ranks but they cheated with prizes from participating participants bounty and not share it with prize participants
July 17, 2019, 11:07:11 AM
Not all have the same issue.
Some of them are very strict with the applications of users here. Whatever rank you are.
Also, about the legitimacy of one project. If you are to keep your good profile ranking here then it is a must to look for the background of the project.
Again, some of them does this and some of them dont which aims just for the money and not for the features of the project.
How can you prevent it or keep yourself safe?
Then do your own research. You dont just rely on what the manager said or his trust rating. Go way beyond that by doing a deep analysis about what you will support or invest with.
Some of them are very strict with the applications of users here. Whatever rank you are.
Also, about the legitimacy of one project. If you are to keep your good profile ranking here then it is a must to look for the background of the project.
Again, some of them does this and some of them dont which aims just for the money and not for the features of the project.
How can you prevent it or keep yourself safe?
Then do your own research. You dont just rely on what the manager said or his trust rating. Go way beyond that by doing a deep analysis about what you will support or invest with.
July 17, 2019, 10:54:17 AM
There is no sure fact that bounties managed by higer ranking members are real than those managed by lower ranked members.
But I would rather take my chances with a bounty managed by the higher ranking members than those managed by lesser rank
But I would rather take my chances with a bounty managed by the higher ranking members than those managed by lesser rank
July 17, 2019, 10:47:53 AM
The reputable Bounty Managers all choose projects very carefully, even video calls to agree on the project. So choosing such BMs can guarantee you a good bounty to join. Of course you need to do your research, but I'll based on BM to save my time.
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