Topic: Safe Bounty hunters - page 6. (Read 2345 times)

yes, we really need to be able to analyze the project independently in choosing projects because fraudsters will always be there so we cannot trust anyone and we cannot depend on anyone including the moderator because they also cannot do much.

Bitcointalk forum is not responsible for what you ask for. There are different sections in here and how do you want them to also monitor and fish out bad projects for you. That's your duty because I know you won't also share your profits with the forum when you hit a big fish.

The moderators of the forum a lot of other work. So load them that they controlled the fraudulent projects would be superfluous. Why do you want other people to do everything for you? Choose projects guided by your head.

Conducting research, we can only assume that the project will be successful! We just can not know for sure, because there is not all the necessary information, we only superficially study the project. We only see what we were shown!
I don’t think that the forum is capable of checking projects for cheating! There are a lot of them and this will require a lot of time and resources.

Before I proceed to answer some of your question, I will like to tell you that it might be very difficult to spot a scam project at the beginning of a project. Like I use to tell some of my friends here, you will only know the true colour of project dev after the end of the campaign. At the beginning, they will always want to answer your questions and provide quick support but as soon as the sales end, they see you as nuisance and will see you as enemy of the project. Regarding KYC, you are the one that will have to decide whether to do bounty that require KYC or not. To me , no matter how much energy I have put on a bounty, ones I discover that team are not being regular on telegram, no regular update on social media then I work out of such bounty

I didn't exactly speak for myself. For me it is not a problem to go through the KYC procedure if it is necessary in accordance with the terms of the project.

As a bounty hunter we spend our valuable time behind bounty and last we get nothing from scam project. A good manager can play very good role to promote good project.  we should choose good manager for good bounty.

I think this forum must add additional rules for bounty manager.
1. Bounty manager must do KYC before posted bounty program, at least this can reduce the number of scam bounties.
2. An account with red trust can't post bounty thread, so bounty managers will be more selective in choosing the bounty they will hold.

there's no point in doing KYC, many people can buy fake identities on the black market.
and the moderator is not likely to check every project, I don't think they will have time.

I am totally agree with you on this, there should be a solution for bounty campaign. Nearly all bounties ends unsuccesfuly in last 1 year, all bounty hunters wasted their times for nothing.. I am sure that the ICO scamming situations and too many participations killed the bounty business.. That was just like a dream in couple of years ago but now it's dying..

Bitcointalk is only a forum, they are not involved in any project, all what they do is to moderate the forum and they take care of following the rules by everybody. To access safe projects the best ones are with the bounty in escrow.

This is also not going to work. The scammers usually don't have account here in BT. So usually they hire someone to post the ANN thread, or create a junior level account. Even if the DT members tag the account, it is not going to affect them. They will just hire someone else or create another account. That's why despite all these investigations, we are still having scams.

Ternio scammed its airdrop/bountry/affiliate partners


They  have started an airdrop and asked everyone to create an stellar   wallet, preferable on LOBSTR as they have some kind of partnership with   LOBSTR team. They have told everyone for the 4-5 months that airdrop   tokens will be sent to LOBSTR account after 6 months of ICO end. ICO   ended on 15th june so distribution was supposed to happen around mid   december. But then they changed there decision at the beginning of   december and asked people to create an account for there new product   "Blockcard" and airdrops will be sent there only. They didn't send any   email to the participants of airdrop stating the same, only informed it   on telegram group. Since airdrop was going to happen after 6 months,   many people were not active on telegram and waiting to get it on there   LOBSTR wallet. But when they didn't received any token in dec 2018, they   asked about it on telegram and got a surprise that nothing can be   happen now. They started banning the people who ask about missing the   airdrop. Founders keep those unclaimed airdrop tokens for themselves.

They  also have a referral program running and for each referral they're   giving 50 TERN tokens. The rule was simple that people need to register   on there website and that's it. No KYC required, no ICO investment   needed, no condition of joining there telegram group either. After 10   months of referral program being ended, when people asked about referral   tokens, one of the founder "Ian Kane" said that all the referrals had   to go through KYC. I asked them personally many a times that why  someone  will do KYC after 10 months of initial registration, they've no  reply  of that. When many people started saying it's not fair and they  have to  come up with other solution, they started banning the people.  Everybody  knows that more than 90% of people are not going to do KYC  after  10months and mos probable they would have forget about  registering on  ternio. So founders are keeping all these tokens for  themselves.
Here's the link to the referral stats - http://stats.ternio.io   which has been taken down now so no one can see there referral count.   But few people have around 2k referrals and some have 1k+ referrals.   While the site was up I calculated that around 6M referral tokens was   supposed to be distributed. Now they are keeping 90% of them for   themselves.

when you ask them , they will ban you.

I am sure there are many members here who always provide education for bounty hunters and investors to be more careful in every ico project including those who hunt bounties.
so this is a complicated problem to make it safer without risk. surely none of the bounty hunters and investors want to be involved in scam projects.
so I think this will really need cooperation and provide education about projects that are really bad and lead to scams

what you say is part of what we feel as a bounty hunter. but this is a risk for all bounty hunters who take part in the campaign
because it will be very difficult to ensure that the project is really good or not a scam, this regulation will be greatly needed to become a bridge between investors, communities and ico.
and for KYC this is also still a discussion that does not find a solution

Of course, the forum administration may take certain steps to ensure that there are fewer fraudulent ICO projects on the forum. However, on the other hand, this will already resemble censorship, since there may be a subjective approach. Therefore, it may be better if there is no regulation by the administration of the forum. In addition, bounty hunters themselves must learn to distinguish between fraudulent ICO projects and non-fraudulent ones.
Regarding the so-called fraud using multiple accounts, I immediately want to say that this is not a fraud, but simply a violation of the rules of this forum. To eliminate this violation, KYC verification cannot be used categorically. The KYC check should be applied only for the purpose for which it is intended - the prevention of money laundering and the fight against the financing of terrorism. For other purposes, it cannot be used because it violates our privacy rights.

Joining bounties is risky from the start. You are doing works for free and you are not guaranteed that you are being paid. That's the nature of bounty hunting at all and I think that bitcointalk moderators are not entitled to protect the bounty hunters from scammers because bounty hunters from the start are not safe.

Another forum participants are looking for fraud/scam with ICO and publish their investigations in this thread https://bitcointalk.org/index.php?board=83.0. And DT2 give the red trust ANN topic starters and bounty managers after such information.

I think it will not gonna happen. Choosing a good bounty program where bounty hunters can participate and work for their bests to gain rewards is a duty of a bounty hunter, not by the moderators of this forum. They have no idea if the published bounties here in forum is legit or not, so it is important for a bounty hunter to choose a legit bounties before joining. 

These things will never work. As you can see, the bounty sub-section has only one moderator, who is also over-seeing a few other sub-forums. Is it viable for him to manually check each one of these thousands of bounties? I would say that we need to take the precautions ourselves. For example, we can only consider campaigns from well respected bounty managers such as yahoo62278. Or we can limit the participation to those projects which are already listed on various crypto-exchanges.