Topic: Convince me that bounties paying in anything other than Bitcoin are worth it - page 2. (Read 958 times)

I dont think ht bounties are profitable

Then maybe I should consider myself lucky? I participated in Vulcan forged and get good payout and also Sovryn too, there are many successful projects since last year though you need to be willing to take risks if you want to make money from bounties, it's certain that not all projects will pay you and some will be worthless, my advice is don't give up

I want to know how much you guys are earning with these bounties that offer "stakes" for doing certain tasks because I am not convinced that they are legitimate. Here is why I think that. Lets say you did a signature campaign paying in their coin that is currently worth nothing but you put in hours of work to get this token with the anticipation that it might be worth something at some point. However as soon as it is worth something all the other participants in that signature campaign will be thinking the same thing. Withdraw. That then causes a dump effect on the token and you are back to it being worthless again.

I am 100% sure that most bounties today have the same teams behind them and they continue to do the same process each time in an attempt of being successful once out of the million times they have tried before. In modern times we have become accustomed to minimum wages or at least fair wages but you guys are doing work for nothing at the time of completing your work on the promise that they will be worth something down the line. Would you work for a company in the fiat world if they promised you to give you shares in their company without any guarantee that they would be successful?

I just do not understand why people would want to work for free without any guarantees at all. If you are really unlucky you could spend 1000s of hours doing work for these bounties and profit nothing. I am interested in hearing about your experience with these bounties and how much you profit when it comes to withdrawing the tokens.

Are you seriously reporting them to law enforcement? Doing so from where I am from, people would start laughing and take me for a lunatic. But if you have had any success do let the forum know because this would be a lively discussion for sure.

But the bottom line is pretty clear : bounty hunter became bounty hunters because of their own choice. So they have to suffer the consequences of their choice.

Well that is why many bounty hunters tend to handle multiple bounties at a time, so that they'll be able to mitigate risks of wasting their time on a single project.

They do not walk away they continue to open new bounties under different names and continue to scam us. We are not working hard enough to out these scammers and report them to the authorities this is why cryptocurrency is not being taken seriously outside of this forum.

Very good point and I fully agree with it. If the team communicates in a trustworthy and convincing way, even if they cut the bounty in half in order to make sure they'll have enough finances to keep going and finish the product, it is fine. But they should stick to their schedules regarding payments. If they do that and build trust with the people who support them, I also believe that not so many will immediately dump. We should keep in mind though that there are people who do this for a living in poor countries and they might be forced to dump. It hits them even harder if bounties aren't paid out out of a sudden. That just sucks and hurts everyone involved in the end.

Yeah. If everything is fair even if there is allocation adjustment most of people gonna have no problem. I mean if the developer could keep the promise they make fulfilled then it's automatically also increase their reputation.
Most of people who seek bounties as I observer aren't that kind of people who just gonna dump the market once they see their reward in their wallet. Many of them actually become a long supporter and that kind of supporter is really essential to the project. If dev refuse to pay its their loss.

those who have successfully scammed the bounty community and their early investors through their new projects. of course, they won't just walk away.
after enjoying the benefits for a while, they will come back with a new project again and will commit fraud again. and there is always a cheat for all of it.
nowadays we are seeing more and more scam projects, and there is no way to get around this.
if you are thinking of the best way to regulate new projects with more decent bounty payments. maybe it will get support from many bounty hunter communities.

We know that bounties are mostly a waste of time because almost 90% bounties don't pay to the hunters in the last two years from my personal experience. I confess that only signature paid by BTC here in Bitcointalk are the guaranteed payment but for bounty, it's mostly uncertain and most of the bounties will deceive at the end. Few projects pay but by delaying and when they pay, it becomes worthless. I still do few bounties only for collecting funds for investment. Investment gives me 20x profits than bounty although i spend 2x time in bounty.

those who have successfully scammed the bounty community and their early investors through their new projects. of course, they won't just walk away.
after enjoying the benefits for a while, they will come back with a new project again and will commit fraud again. and there is always a cheat for all of it.
nowadays we are seeing more and more scam projects, and there is no way to get around this.

if you are thinking of the best way to regulate new projects with more decent bounty payments. maybe it will get support from many bounty hunter communities.

Just look at this thread most people agree that 90% are scams and I think they are run by the same people most of the time. We need to stop this from happening.

that really depends on what bounty you are signing up for. not all of them are same. Some of them turn out to be a scam while others are legit that distribute on time and consequently their project does well after launch. I would say most bounties distribute except may be handful that get mixed with them.

It looks like everyone agrees that bounties are no the same as they were in 2017 and are a waste of time in most cases. I think we should start tagging and not participating in lowly paid and not escrowed payment and then boycot those that are offering payment in their own worthless coin instead we should require them to pay in a existing altcoin which has value does not have to be Bitcoin or Ethereum but any altcoin that has value otherwise we are going to be scammed continuously and its no fault but our own.