Topic: Don't become Bounty Hunter! - page 4. (Read 979 times)

I would consider 2017 as the year that many hardworking bounty hunters made their big money despite all the scams that perpetrated the cryptocurrency marketplace. Yes, there were many frauds and failures too but those who made it to the exchanges got the best reception in terms of prices, consequently bounty hunters were having a fiesta.

Now, the situation is direly different as many of the projects can fail to get into good exchanges and if they do there is no more big demand waiting at the helm making trading anemic or lacking the energy needed. Of course, there are a few exemptions and lucky are those that got into those projects (example is the project Harmony which did its IEO in Binance).

Still, when we look at the bounty threads, participants are having a good time and seems to be enjoying their time, sharing and posting about the projects they hope will give them some income they need. Sadly, many hopes will just vanish into thin air months after the crowdfunding activities are gone.

It is true. I did join ICOs before but it's not what I think it is. Some ICOs did help you earn money a little bit and some ICOs are a completely waste of my time. Later on, I stop joining ICOs bounty program and I found out that there are other ways on how you can earn which I could spare some time doing it.

There was a thread created yesterday in altcoin discussion > Are ICOs really DEAD or simply cleared a path for better projects?

Check the image from that thread.

It seems that ICOs are dead completely or will soon enough. Maybe IEOs, STOs will follow the same way.
Before there were too many ICOs and bounty hunters gambled their time for the lucky one. But now the ICO number is very less and to gamble time for the lucky one is very slim and of course a stupid act imo.

Instead, hunters should gain skills according to their likings for a better future; programming could be the first choice. We all should learn how to use our "time" in the right manner.

Golden times of cryptocurrency is over, so take the right step today for a better tomorrow.

+1

Bounty hunters have to do their own  due diligence, don't expect bounty managers  to do that  for you as most of them will simply accept any bounty campaign, especially if they get paid in BTC/ETH or some other listed crypto currency.

There is another issue: certain  amount of bounty hunters don't really care if some project is scam, as long as they get their reward. Just take for example Coincompany ponzi scheme, bunch of bounty hunter with btctalk accounts joined their bounty campaign, without any checking or care that they are helping scammers.

There is some good points in the OP but its probably worth mentioning if you join a bounty campaign then you instantly lose a lot of credibility on this forum if that is the only thing you are doing. The current philosophy that the ICO's are following via these bounties are both annoying and detrimental to the forum and by participating in them for promise of free coin you are contributing to the decline of the forum.

You can't fully educate people to detect scams because they are not always easy to spot and a lot of it is done on assumption and your personal comfort levels in investing into something that you are unsure of.

Although the op is partially correct, we need to consider several aspects, being one that the amount might be worthless for some, or a weeks pay for others, depending where you come from geographically...
Good projects are definitely becoming really scarce, and most are scams or turn into one... but this is not happening only in ICO/IEO... it's all over crypto...
We need to cooperate to make things better, educate people to spot the cheaters and the scammers...

I don't completely agree with OP. I agree that almost most of the projects these days are not worth it considering the old days. But there are still projects which have some worth when they hit an exchange. The think is to chose the campaigns wisely. If you chose a good project, you'll more likely to get paid for the work you have done.

Asking the manager/project team to pay your money = begging?

I can never agree with this statement. How can it be termed as begging when you ask for something you've worked for. Asking for free money is called begging and people who don't pay money to the ones who worked for their project, they are beggars and cheaters.

Not all bounty campaigns are scam and I recently got paid $800 from a campaign and $100 from the other. It may be considered a small amount but it's definitely worth the trouble. You just need to be sure the manager is not a newbie but a reputed one who cares for the participants and makes sure they get paid.

Been there done that and they keep repeating it, they delay paying their bounty hunters, sometimes they are not paying at all, they locked the bounty campaign and they just unlock it when they cannot sell their shares anymore, some bounty campaign are totally waste of time, we must do a lot of research if we do not we can lose a lot of time and effort.

This is simply not true, early days of ICO were just as bad, the percentage of scam projects was the same as today. The only difference for bounty hunters is that bounties were paid in BTC or ETH at first, or at least people could sell their tokens on exchanges for a good price, since the whole market was very hyped. But still all those projects were scams, their devs never had intention to finish them. Today the hype is long gone, and investors are generally suspicious of these offerings, so bounty rewards were reduced to almost nothing.

They can start that way, everyone can but over time they will realize that the forum discourages such bounty hunters don't contribute anything to the forum. More seriously, time goes and I don't know what will change. Who knows, theymos can do serious steps to disable all signature or require charged fees to run signature campaigns or bounties in the forum. Such things repeatedly suggested by the forum's community and theymos definitely reads community ideas as well as has his own plans.

He made warnings in 2018 with merit system (the first one) and some posts later relate to merit system and probability of signature disable if merit system fails (the second one); and the third one is enhanced merit system.
Somehow merit system (original one) did not satisfy theymos's expectation and he moved further with enhanced merit system, which likely works more effectively.

I do expect merit system will keep work and control spammers by preventing them to rank up and reducing their spams. That what we have by now.

Unfortunately, if spam escalates again (with next year bull run), things might be changed seriously and the last step (signature disabled) will be likely chosen. I think such bounty hunters don't care what they bring to the forum and good members of forum community, but it is painful for good users if they have to tolerate bad consequences from what they don't do (actually come from spammers.)

I will give my advice to beginners. If you came here to make money participating in bounty campaigns, you will most likely be disappointed. This may be a fun quest and side effect, but it is not the right goal. The right goal for a beginner is to try to understand how Bitcoin works. The right goal is to be an active member in the crypto community, because the crypto has the potential to change the landscape of the future. The right goal is to learn how to analyze startups on your own in order to distinguish viable ideas from empty ones. There are many right goals, but greed here is a bad adviser, albeit a strong motivator.

For some reason people still are trying to make money off altcoin bounty campaigns in 2019. Done are the days where they can make a lot of money just by collecting random airdrops and sharing altcoin spam on social media. The time:reward ratio is just so bad already, that the only decent way of earning some sats is through signature campaigns. Beyond sig campaigns and services though? I'd honestly spend my time elsewhere if the main focus was making money.

This was my case before, then after I finished with some bounties I ended up getting zero rewards both from fake bounties and some are not paying after the campaign was successful. I thought at first, this will be the thing I need, to earn some extra income. this is a wrong judgment when all the bounties that I joined gave me nothing in return.

I know after reading the OP, many users especially those would aren't privileged to be in a bitcoin paying signature would consider the OP to be unrealistic or not been considerable but he's just to trying to look out for you guys. Bounty aren't that bad especially when you get rewarded for your time invested into promoting a project but that's not usually the cases nowadays. Bounty hunters get treated as salves that's why the OP is trying to discourage such patronize to kill off the industry since nothing much can be done about the way projects treat hunters considering this is free market and the forum doesn't regulate bounties.

You're far better off developing yourself into a quality and reputed member of the forum and mostly likely get hired for a bitcoin paying campaign that pays weekly and irrespective of it scamming it's participants it'll just be a week worth of time invested and not the 3-6 months associated with the bounty scams accusation we record on the forum occasionally. In your spare time I recommend reading through this threads; [Guide] Factors to consider before joining paid signature campaigns. it'll help guide you in your decision making.

But it is easy for you to say cuz you already know stuff about bounty hunting.
What about those unaware, fresh to this environment, newcomers? They don't know any better and Lucius is just trying to warn them.
It must be sad, do not participate in any bounty paid in self-token. Accept only established, exchangeable coins, otherwise chances for you to loose time and effort are almost at 100%. Times have changed and people need to know that astronomical profits from hunting rewards, are a thing of the past. In other words, do not sell your data for promises.

In the world there are many people who do not have much free money to invest and a lot of free time. Time is a valuable non-renewable resource. Everyone has the right to spend his time, as he considers it more profitable for himself. I can say similarly - do not trade on the exchange, you will lose your money, and in 9 cases out of 10 I will be right. But if you learn from your defeats (victories do not teach anything), you will get valuable experience that will possibly change you for the better. It’s hard for beginners in the bounty now, most likely it will be a waste of time. But maybe not. (And everybody in this topic with a commercial signature, it's hard for me to imagine that only stupid or crazy people write here).

Because many have pretty easy tasks, like following or joining Telegram groups.

How about instead of "Don't become a Bounty Hunter", why not "Be vigilant as a Bounty Hunter"?
The current title/content is like saying all the projects posted here have zero profitability and all are scams. If that's the case, it'll defeat the purpose of the Bounties (altcoins) sub forum.

Whether you'll be scammed or what, is purely dependent on the person. So instead of discouraging, I suggest for them to be observant and cautious time to time.
Also, wouldn't it be unfair for real and legit bounty provider if people wouldn't come just because of these scam bounties?

It would be good if the bounties/rewards would at least be escrowed to a trusted entity before these guys go around and ask a multitude of people do repetitive tasks all over the interwebs and share the brand. It's the only solution possible to avoid getting gamed upon by these greedy dev teams that have been pestering the ICO/IEO/whatever token scene for years now. What's painful is that by the end of the campaign, the devs would get the lion's share while the bounty hunters would get scraps and leftovers which, IMO, isn't really fair at all.