For those of you who are still interested, I decided not to accept their offer, as considered and already mentioned above, meaning I lose the bounty (although I worked for it...).
I will however continue to follow up to see where this is going. Applications have been closed for a few weeks now and I am quite curious to see if and when and also HOW the equity shares will be distributed. If they deliver the way they promised, I will be the first to admit it is a very impressive step but it has yet to be seen...
Topic: Rewarding bounty hunters with EQUITY SHARES instead of tokens - page 2. (Read 623 times)
February 15, 2019, 06:22:37 PM
If that is their last resort and it is genuine, I think not is a good step ahead. Some projects are now finding ways to comply with regulation. Most especially as related to their jurisdiction.
I was also aware of the changes made by DataBlockChain. I participated in their campaign, but I got a little reward, which makes me not to be interested in sending my details for such peanut
I was also aware of the changes made by DataBlockChain. I participated in their campaign, but I got a little reward, which makes me not to be interested in sending my details for such peanut
February 15, 2019, 06:16:53 PM
It is unfair to change the rules at the end of the campaign, especially in such important details as personal data and documents, such essential changes should be warned in advance, this shows respect for the work of the bounty hunters.
February 15, 2019, 06:00:36 PM
Sooner or later no one will participate in bounties and without marketing ICO will be history. This is collecting all private information including bitcointalk profile, telegram, phone number, email and that is not needed for kyc. Some projects looks like government is behind them and they want to collect everything for tax purposes.
They are killing the purpose of ICO and i think, its not easy to change this program. a lot bounty hunters wants to receive the money they work for so i think changing it to equity is not good. They are collecting our informations for some black reason, but I don’t think government will too desperate to get our information I think some private groups behind this one. February 15, 2019, 05:58:36 PM
I find it funny to want to give out so much information to a coin that hasn't been listed on an exchange and not to talk of the value at the end of the day. This is the first time it's happening to the best of my knowledge but I am definitely not comfortable with it.
February 15, 2019, 05:54:52 PM
That sounds very interesting. If the project is successful, then I think that the bounty hunters will get a good profit. It will be good if in the future there will be more such bounty campaigns.
February 15, 2019, 05:51:24 PM
An interesting evolution:
Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.
This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).
I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
I don't think I am comfortable with this. They should have spelt out the equity shares payment from the start of the campaign. They may end up not rewarding some people at the end. Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.
This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).
I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
February 15, 2019, 05:01:09 PM
Sooner or later no one will participate in bounties and without marketing ICO will be history. This is collecting all private information including bitcointalk profile, telegram, phone number, email and that is not needed for kyc. Some projects looks like government is behind them and they want to collect everything for tax purposes.
February 15, 2019, 04:58:08 PM
An interesting evolution:
Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.
This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).
I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
I am not confident with the campaign. They didn´t provide updated spreadsheet, nobody knows how much has earned, but everyone was pushed into KYC. For me it seems fishy. Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.
This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).
I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
February 15, 2019, 04:46:42 PM
Hahahaha.. Bounty hunters are really seeing hell these days. I participated in that bounty, when I saw that change of rule, I took it as one of those things because it's becoming the trend now. It's just so unfair and I wish hunters can come together to curb such treatments.
February 09, 2019, 09:51:00 AM
An interesting evolution:
Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.
This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).
I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.
This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).
I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
What if they deliberately doing that so they can reduce the payment to the hunters by not paying who failed to submit KYC ?
They should announce at the very beginning of the campaign that hunters required to doing KYC to get the reward.
Offering share of company instead token is a good option, but i think the hunters will having difficult to sell the shares later.
February 08, 2019, 11:47:56 PM
-snip-
I hated KYC with usual bounties and now it can become a new standard. I hope it won't happen. I don't like to share my personal data with strangers so I won't participate in this kind of bounties.
I also hate KYC thing. Thus i am in favor for just a token rewards. Sharing personal infos are unsafe at all. But we can't deny the fact that the new equity shares tactics for bounty programs is pretty good than tokens. And other members are also open for KYC unlike me.
February 08, 2019, 10:49:07 PM
An interesting evolution:
Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.
This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).
I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.
This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).
I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
I am quite confused how equity shares instead of tokens will work in paying out bounty hunters? I guess it is still efficient to pay their own created tokens instead of this new kind of payment.
February 08, 2019, 10:18:15 PM
Yes this sounds very good and in favor for all bounty hunters. I also think that stakes or equity shares is better to have rather than tokens per week. Because it can be distributed equally and favorable for all.
February 08, 2019, 09:56:44 PM
It may be a good idea for projects and bounty hunters but do they really accept this idea? bounty hunters have participated in many ICO projects and they are really lucky that the project pays their rewards, I think this will be a good idea when there are more strict ICO rules
February 08, 2019, 09:32:58 PM
it seems like some of the bounties have done that, where they require the kyc in the middle of the bounty or at the end of the bounty. but for the change from token to equity share, I was more interested in the reward given in the form of dollars.
February 08, 2019, 12:31:54 AM
Let's see if the bounty hunters will get shares of Datablockchain. I doubt it. As a result, the team will come up with another excuse not to pay out the shares, since they refused to pay us the earned tokens. In my opinion, getting shares in bounty hunters will be very difficult to carry out technically and organizationally. It may still last for months and years until it is forgotten.
February 07, 2019, 09:45:06 AM
How long will they be able to provide the equity shares and can they exchange it for BTC?
I have no idea what equity shares can do to be honest but if they wanna prevent bounty hunters from dumping they could just distributed the tokens by quarter. This will prevent the price to dip much.
Whats the point of equity shares? I don't think bounty hunters are going to make profit out of it when all they want is to trade it to BTC. They'd be comfortable with BTC than equity shares. Are they able to exchange these equity shares to BTC after distributed? IF NO then this isn't just to prevent dumps but to scam not to mention they are not willing to send KYC after all the database hacks and selling of database.
February 07, 2019, 09:22:35 AM
This is a revolutionary change when you will receive dividends according to line returns. But how do you know if you will get a profit if the project does not reach the desired target, it sets out how much it is? The sale of stock you own is impossible or yes?
The question is of course if you're happy to share not only your KYC information with the project but also send them a tax declaration form. It means you will be taxed if these bounty shares generate revenue.
I've decided not to do it. This means the fruits of my bounty work are lost forever.
February 06, 2019, 01:27:46 PM
This is a revolutionary change when you will receive dividends according to line returns. But how do you know if you will get a profit if the project does not reach the desired target, it sets out how much it is? The sale of stock you own is impossible or yes?
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