Escrowed very important for bounty? - page 16.

pilosopotasyo

member

Activity: 952

Merit: 27

Quote from: MCobian on October 31, 2020, 07:17:58 PM

The problem is that we cannot force the project team to use escrow, even some projects choose to use a manager from their own team.
If like this, bounty hunters are indeed at a disadvantage, this forum should have made new rules regarding the bounty campaign.
Every project must use escrow if they want to be promoted on the bitcointalk forum. That way it can reduce the number of projects that
are scam and bounty hunters are guaranteed payment.

That will be great if their is a rule like that, and escrow gives credibility to the project that means they have a good intention that they are paying their workers and they give them guaranty that it will be given, let's admit it, we need guaranteed that we will get paid because it's a long work and we are part of the project's success.

MCobian

full member

Activity: 1190

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The problem is that we cannot force the project team to use escrow, even some projects choose to use a manager from their own team.
If like this, bounty hunters are indeed at a disadvantage, this forum should have made new rules regarding the bounty campaign.
Every project must use escrow if they want to be promoted on the bitcointalk forum. That way it can reduce the number of projects that
are scam and bounty hunters are guaranteed payment.

kevinzxz

full member

Activity: 1470

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Quote from: Jocuserious on October 31, 2020, 12:40:56 AM

Almost all projects are cheating and refusing to give tokens at the end of bounty management. It's really sad that hunters work hard but they don't get tokens as a rule..

When the bounty is over, the team is making new plans so that they can easily escape by cheating.

I would like to say to all professional managers that Escrowed is very important and all of you should follow it.

Just in my opinion
Otherwise
1. Hunter will decrease
2. Team cheating step will increase

I agree with your suggestion if bounty uses Escrow, because it will make bounty get its rights without hesitation if the team from the project doesn't want to pay bounty, so that bounty hunter can work calmly without fear if at the end of bounty they not get paid, because bounty hunter will definitely get paid if bounty uses escrow, therefore I agree with you if escrow is very important for bounty.

Sanitough

hero member

Activity: 2856

Merit: 674

If the reward is in btc or ETH, or any other coins that has a good trading volume where you can sell it right away after you receive it, then I guess there should be a need of escrow to ensure participants will be paid and even if the project goes scam participants will still be compensated.

However, for projects that pays their own token, I don't think it's necessary as even if you get the reward but the team is not so active or not successful in running their project, you still won't be able to sell your reward at a good value.

They run a crowdsale, investors trust them, so as bounty hunter we should also trust them, once that trust is ruin, the project will be worthless same with the reward.

cdog

hero member

Activity: 1036

Merit: 500

I thought this will be impossible unless the payment is Bitcoin or Ethereum because if there is an escrow and the project doesn't work or failed, I think it will be pointless and useless too.

iv4n

legendary

Activity: 3248

Merit: 1179

It would be good if they have money for escrow! Usually bounties pay in their own tokens, simple reason the cash/coins that worth goes to other more important stuff than bounties are. So bounty hunters are usually paid in coins/tokens of the projects, that basically don't worth a dime in reality, their real value will be determined when it hits exchanges, if that happens, we know how many bounties failed before getting on any exchange!
For one project to be successful bounty can play an important role if it's organized in the right way! But I doubt we will see escrowed bounties here on forum, it can be pretty expensive!

flyeers309

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As long as I know there are actually many professional bounty managers who offer escrow to the project team but they refuse. Of course this becomes a little confusing when as a bounty manager find an extraordinary project but the team doesn't want to escrow. Indeed, bounty hunters are more disadvantaged than profitable and to minimize this I only follow bounty managers who have high abilities to defend bounty hunters. For now bubbalex is my best

bitkanu

hero member

Activity: 2184

Merit: 513

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There are a bunch of discussions regarding this but again as participants and you can only rely on your manager to negotiate with the team. Participants have no power to do that as the decision depends on how good the manager can handle the team.

Escrow should be mandatory for any managers but the problem was how to make the team wanna use the escrow.
The team was also changing the rules eventually too. This could be a very difficult task.

bitcoin31

hero member

Activity: 1834

Merit: 523

I would like to say that is better to have an escrow to every bounty and I suggest to use altcoins, tokens or even fiat to make sure that a participants will really get their reward . Because if the bouny escrow hold the coins of the project and they pay the participants what if those coins is useless because the team will not list to the exchanges sites because after the project the team mostly abandon yhe project.

aemma

copper member

Activity: 966

Merit: 14

Quote from: Jocuserious on October 31, 2020, 12:40:56 AM

Almost all projects are cheating and refusing to give tokens at the end of bounty management. It's really sad that hunters work hard but they don't get tokens as a rule..

When the bounty is over, the team is making new plans so that they can easily escape by cheating.

I would like to say to all professional managers that Escrowed is very important and all of you should follow it.

Just in my opinion
Otherwise
1. Hunter will decrease
2. Team cheating step will increase

There is no doubt this is a very good idea which will make sense if adopted by bounty managers, but the issue is, will the project team agree? Although there are bounty managers that do escrow the bounty rewards, there are still others that do not, and when asked they always say the team refused, and this same team will still refuse to pay when the time reach or even delay the distribution, and in most case the price will become worthless before they distribute.
What baffles me is that, they always use the excuse of bounty hunters dumping the price of the token, thus either delaying the distribution or coming up with ridiculous changes, but yet the price still dumps despite not distributing to hunters which also shows the team might not be trustworthy.
So considering all the wrongs that has been done to hunters, I agree with you, there is need to escrow tokens so that all parties will be happy, and if the team are afraid of price dump, stablecoins can also be used instead.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: reza7777 on October 31, 2020, 02:15:59 PM

Only professional managers currently use escrow, the rest no one uses escrow and in fact there have been many threads discussing this but the evidence is that until now there are still many bounties that can be said 80% don't pay hunters

It's still much better than 2 years ago when maybe 1 out of 100 bounty campaigns was escrowed which shows it's going the right way. We could call it progress.

In time when people discover that escrowed campaigns don't scam they'll fight for a spot in one and the other campaigns will get the leftovers.

Of course it doesn't mean 100% will be escrowed at some point. There will always be people willing to risk it and work for an unescrowed campaign and there will be people with bad reputation who will never find a spot in one of those good campaigns.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: safari88 on October 31, 2020, 02:06:07 PM

i've been seeing threads lately about this escrow thing in bounty campaigns. i've heard that many of the bounty campaigns are not paying off the participants no surprise since most of them are ended as scam although it is not required still having escrow is good option so there will be an assurance for the bounty hunters that their hard works and efforts will be rewarded.

Even it's just a small percentage of assurance, since even the allocated fund are already in the hands of escrow but the project failed and never been

added to exchange, there's nothing still that escrow can do about it. A lots of project turned to scam the chance of being paid really slim and hunters

are just looking for something that will give them boost to continue following and supporting the bounty campaigns.

bitbollo

legendary

Activity: 3276

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Nec Recisa Recedit

Quote from: Jocuserious on October 31, 2020, 12:40:56 AM

Almost all projects are cheating and refusing to give tokens at the end of bounty management. It's really sad that hunters work hard but they don't get tokens as a rule..

When the bounty is over, the team is making new plans so that they can easily escape by cheating.

I would like to say to all professional managers that Escrowed is very important and all of you should follow it.

Just in my opinion
Otherwise
1. Hunter will decrease
2. Team cheating step will increase

Escrow is a good solution for any bounty program launched by new crypto projects.
It's one of the first thing that people should ask before joining or make any promotion.
However, it's a rare situation that funds are escrowed and this is unfortunately one of the main risk of bounty hunters.
We have seen some scam or payment delays with these funds, but mostly from team made by newbies/unknown.

beerlover

legendary

Activity: 3052

Merit: 1188

It is not going to stop because scamming is easy when you offer people free money for their work. It is even easy when you steals others money, you could literally ask people for money in return of something and not give that and keep the money and scam them, this happens constantly in the world and unfortunately it hasn't stopped, been a thing for centuries.

So, to actually not even ask for money, but just to tell people work for money, they will obviously keep working and ask for money and you could just not pay them and get away with it, it is not going to stop at anytime at all. However what people can do is focus on retribution, for example there is a project that failed to pay you? Just start a topic here, and get together with others who got scammed and just write EVERYWHERE you can find online about how you got scammed by this project. That should hurt them enough to never become successful.

kamadazje

jr. member

Activity: 209

Merit: 3

It was being debated for a very long time already but it was not being implemented yet until now. If someone will do something to force the project owner to escrow the bounty allocations then this issue can be solve easily.

But nothing has been done as of this moment so this will only remain as a suggestion but not a requirement. Once the owner of this forum will implement such rules like all the bounty funds will be escrowed before it will be allowed to be posted in this forum then the problem can be solve easily because the project owner the same with the bounty manager have no other option but to follow the rules or else they cannot market in this forum. This is the easiest solution that I can see to this problem so far but I am not so sure why there is no action yet.

albon

legendary

Activity: 1890

Merit: 1537

Quote from: Jocuserious on October 31, 2020, 12:40:56 AM

Almost all projects are cheating and refusing to give tokens at the end of bounty management. It's really sad that hunters work hard but they don't get tokens as a rule..

When the bounty is over, the team is making new plans so that they can easily escape by cheating.

I would like to say to all professional managers that Escrowed is very important and all of you should follow it.

Just in my opinion
Otherwise
1. Hunter will decrease
2. Team cheating step will increase

I agree with you, and if this Escrow is applied by the forum directors and the bounty managers on all the bounties and not only the weekly bounties, this will eliminate scam to a large extent, and the project team must send 50% of the project tokens to the bounty manager before starting so that the bounty hunters can be confident that they will finally get their rights, and the hunters should choose a bounty manager who has positive trusts before work.

myjulie92

sr. member

Activity: 441

Merit: 250

Quote from: reza7777 on October 31, 2020, 02:15:59 PM

Only professional managers currently use escrow, the rest no one uses escrow and in fact there have been many threads discussing this but the evidence is that until now there are still many bounties that can be said 80% don't pay hunters

the professional managers used escrow and most of their bounties were paid with BTC or others tradable altcoins. it's hard to find some bounties that using escrow that paid with the projects token now.

reza7777

sr. member

Activity: 1414

Merit: 255

Only professional managers currently use escrow, the rest no one uses escrow and in fact there have been many threads discussing this but the evidence is that until now there are still many bounties that can be said 80% don't pay hunters

dimonstration

hero member

Activity: 2716

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Dimon69

Quote from: cabron on October 31, 2020, 01:56:48 PM

Does sound like an impasse already that there will be no negotiations anymore between parties. This is supposed to be a mutual relationship between the team and the bounty hunters who tirelessly promote their project which contributes to the success of the team. If there is nothing that will guarantee the bounty hunters to get paid, why should they be participating?

Escrow doesn't even guarantee at all because in any time the team can change the contract address of the token.

In some escrow service, it will be given into that someone trusted who escrowed the project with signeds message so negotiations by the manager and team is not possible once done in the campaign, most of the projects who have escrowed should have a final details of when, upto how much post or reward max to receive, that sometimes the reason owner of projects didn't want it escrowed as there is possibility that they will make the campaign long. While escrow is for the benefit of participants so it should be implemented. But bounty managers might not able to find investors who will accept the idea.

safari88

legendary

Activity: 1960

Merit: 1026

i've been seeing threads lately about this escrow thing in bounty campaigns. i've heard that many of the bounty campaigns are not paying off the participants no surprise since most of them are ended as scam although it is not required still having escrow is good option so there will be an assurance for the bounty hunters that their hard works and efforts will be rewarded.

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