Rest In Peace, ICO Bounty Programs | Bitcointalksearch.org

Lm2e4

full member

Activity: 248

Merit: 100

https://exclusiveplatform.com/

Quote from: 8count on December 14, 2017, 06:25:58 AM

What is every ones thoughts on this article at hackernoon? - https://hackernoon.com/rest-in-peace-ico-bounty-programs-fc1e1e04e867

Personally my thoughts are, what is different if I share information from a bounty on social media etc then if I share a affiliated link eg.Coinbase? I will be getting paid either way.

I feel it's up to people to make their own judgement on if they want to buy a product and do their own research. Advertisement is all over social media and plenty of dodgy big companies using facebook ads to promote their crap.

I would prefer to see the SEC etc cracking down on scam ICOs etc

Anyway would like to know every ones thoughts?

For me what they were saying is like all ICO's are a scam Huh

No! So not all adds are shit!
And I can't see any wrong on advertisements, and they don't force people to go and join onto their project or bounty. The whole world is too big for them to propose their project on all of the people that might become involve, and we and the internet, social media's, etc. are just their medium. All what we needed is regulation, it is a must!

benjaminoo

member

Activity: 126

Merit: 10

Ice Rock Mining - Lifetime Profit

Quote from: aquantivis86 on December 16, 2017, 03:24:17 AM

Anyone know the percent of bounty hunters are US? What would the impact be on the remaining hunters? More stake? Will ICOs get less funding? It is an interesting scenario.

I think the crackdown will be made on ICO's themselves instead of on bounty hunters. So the US based ICO companies will suffer, and the international ones won't. I think US citizens might still be able to participate.

aquantivis86

newbie

Activity: 129

Merit: 0

Anyone know the percent of bounty hunters are US? What would the impact be on the remaining hunters? More stake? Will ICOs get less funding? It is an interesting scenario.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

ICO could much more regulated without "mummy Government". People need to understand why societies formed human administrators in the first place. Some things can be taken care of today without humans. Why any little thing we scream for Mummy Government? Are we kids?
Excellent mechanism could be built to wipe out fraud of any kind off the Internet. powerful tools are there already .. but for some reasons nobody cares.
The whole thing feels like a donkey- loving community refusing to give up donkey riding even when there are fast cars for quickers transportation.

We need to grow up.

divad411

newbie

Activity: 20

Merit: 0

But I expect that this will actually only cover US citizens right, how do they intend to monitor anyways?

benjaminoo

member

Activity: 126

Merit: 10

Ice Rock Mining - Lifetime Profit

One solution would be to get "bounty hunters" who invest some pre-money into the ICO that will be used for advertising. And in return for that, they get some coins. Sort-of like a pre-sale fundraising.

In that way, the bounty hunters still get what they wanted, and at a much lower price than the regular ICO price, and the SEC can't nail them.

benjaminoo

member

Activity: 126

Merit: 10

Ice Rock Mining - Lifetime Profit

What's the difference between holding a bounty program or paying a marketing firm to market for you? I see how this could be different due to a lot of financial investments being at risk, but advertising is advertising. You're still blowing your own horn and telling everybody how good you are, whether you are doing regular advertising or through a bounty. Both are biased somewhat. And they should be to get people involved...

Perhaps one solution would just be to have all bounty participants indicate on their specific bounty activities that they are doing this in return for coins. This could still get the word out but limit the risk of someone making a decision based on a biased review.

ask

legendary

Activity: 1386

Merit: 1004

USA is becoming fachist everyday. Trump is destroying freedom in USA. Yesterday they started to limit internet access and freedom and now ICO bounties.
He is a dictator and destroying the "Great America"

Inc_BitSquirrel

member

Activity: 130

Merit: 10

All in all, it is quite an interesting article. It touches some regulatory issues connected with ICOs, tokens and as a result - bounty campaigns. In general, article is right that regulation of ICO in USA is becoming more and more significant and might hit ICOs hardly. It is not a surprise that ICOs could not exist outside of countries jurisdiction forever. Nevertheless, I am a little bit afraid that this state of matters will also spread across other part of the globe.

I also could agree a lot with another statement of the article - importance of REAL community. Currently, bounty campaigns are in most cases just a playfield for token hunters who gather tokens on massive scale and then dump them, making harm to ICOs which they "supported". That is not a proper support ICO and definitely not what they want and need. This whole situation is a little bit ill. This is especially visible in big ICOs which has a lot of hype.

That is why I am trying to avoid those big overhyped ICOs with this "fake" support of community.

junjunsalsalani

member

Activity: 183

Merit: 10

equitybase: Crypto Real Estate Exchange

It is a rubbish news,bounty hunters only doing their job and shouldnt be the one to blame if the ICO fails.

boakyei

member

Activity: 358

Merit: 11

For the record, no all IcO are scam, we have seen successful projects come and established. ICO bounty program has come to stay as long as altcoins is alive and entrepreneurs coming out with startups each and every day.

happyme1818

sr. member

Activity: 568

Merit: 254

They should sue facebook, tweeter, google etc. for allowing advertisements of ICOs. They are the one that needs to be regulated but i doubt they would do that. Money talks.

cryptochr

full member

Activity: 266

Merit: 103

If its a bounty program and its Developers are scammers or fraudsters then yes you should stay away.
Otherwise, get involved and get those tokens. You can profit from good Bounty programs.

modtakels

member

Activity: 182

Merit: 10

Quote from: 8count on December 14, 2017, 06:25:58 AM

What is every ones thoughts on this article at hackernoon? - https://hackernoon.com/rest-in-peace-ico-bounty-programs-fc1e1e04e867

Personally my thoughts are, what is different if I share information from a bounty on social media etc then if I share a affiliated link eg.Coinbase? I will be getting paid either way.

I feel it's up to people to make their own judgement on if they want to buy a product and do their own research. Advertisement is all over social media and plenty of dodgy big companies using facebook ads to promote their crap.

I would prefer to see the SEC etc cracking down on scam ICOs etc

Anyway would like to know every ones thoughts?

I agreed ICOs should be regulated but what about ICOs outside the U.S?

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: hdclover on December 14, 2017, 08:27:41 AM

First of all the article is misleading from the line one 'The ICO bounty program era has officially come and gone.' What kind of joke is that? Second, We aren't working for free here. What's wrong in promoting a campaign with our hard work to get paid in some tokens which has no real value until it hit exchanges. This is just a jealousy article from someone who failed to earn in bounties.

And I think they are lumping all ICO's with the scam ones, I really think that This is not necessarily to avoid because they might affect the paying ICO's they can see that every ICO has a motive, The thing here I think they need to not tolerate other ICO's that are just spreading scam tokens and not the good ones that providing people payment.

twobits

sr. member

Activity: 574

Merit: 250

Quote from: 8count on December 14, 2017, 06:46:32 AM

Yeah it doesn't make sense to me either. Maybe it's more of a click bait article then anything but it got me thinking, then annoyed, so i thought I would get the thoughts of the bitcointalk forum about it

SEC thought if The world is owned by US. Roll Eyes

They have good enough to make another joke. Rather than complaining about the bounty and that depends on the personal opinion about that. So many times SEC try to banned bitcoin. But that's just another bullshit. US is only a country and not the world. Just like jamie dimon. how majority of the high profiles in US like to make a joke.

indrakusumaindra

full member

Activity: 728

Merit: 101

The Standard Protocol - Solving Inflation

Quote from: qazgroup on December 14, 2017, 06:32:31 AM

I do not understand how they are linking the bounties with a scam ico, i mean it is the fault of the people behind the project or their intentions, so they should be held accountable and not the bounty hunters.

yes bounty hunter just a worker that trying to get paid by ICO. if the ico itself is scam we need to blame the developer. but usually i dont even want to join the bounty of the ico that fishy. cause we as bounty hunter will paid for nothing if the ico itself is a scam or unsuccessfull

hdclover

hero member

Activity: 1120

Merit: 501

www.bitcoin.org

First of all the article is misleading from the line one 'The ICO bounty program era has officially come and gone.' What kind of joke is that? Second, We aren't working for free here. What's wrong in promoting a campaign with our hard work to get paid in some tokens which has no real value until it hit exchanges. This is just a jealousy article from someone who failed to earn in bounties.

Synaesthesia

sr. member

Activity: 546

Merit: 253

Quote from: 8count on December 14, 2017, 08:06:49 AM

I will use another example.

So I go down to my local pub for a rare beer that i like to have. There's a hot promotional girl handing out cans of Jim Beam.
I have never drank Jim Beam but she is hot and I decide to drink it so I can talk to her. I have a drink and think wow this is nice.
A few months down the track i find myself waking up every day cracking open a Jim Beam and drinking till i pass out at night.
I'm now a alcoholic.

Can I now sue the hot girl who was doing her job and getting paid to promote the product Jim Beam because i'm now a alcoholic??

lol... =))) your story made my day. we have too many ICO so people need promote their project to make sure everyone know about their project. that's all.

crairezx20

legendary

Activity: 1638

Merit: 1046

Just heard this news in facebook ICO will be gone soon like the other said..
Honestly i am not expecting about ICO since mostly they are scam i have lots of ICO token honestly and waiting to see them in the market that until now hoping to sell them and get benefits of them.. So i'm ok what will be happen in ICO's

Topic: Rest In Peace, ICO Bounty Programs (Read 350 times)