Topic: Should we red tag and create a flag for ICO bounty managers that do not escrow (Read 519 times)
October 31, 2020, 04:24:56 PM
The escrow option is good for the safety of both bounty managers and hunters but I doubt the team will accept the escrow. The devil plans are behind the bounty projects and they know when or how to run the bounty businesses on public forums. The majority of bounty managers shouldn't be blamed for scam bounty campaigns because everything is usually planned by team members. The delayed bounty distribution and dumped token price is part of such devil plans by teams.
October 31, 2020, 04:21:25 PM
I understand red trust as a way to tag dishonest people, scammers, thieves, but only when you know they did something wrong. People should not be tahhed because you suspect they could scam you.
A bounty manager who doesn't escrow can be honest and pay up in which case he will not deserve a tag or he can scam and deserve it. Tagging him before he was able to do you wrong is an abuse of the system.
A bounty manager who doesn't escrow can be honest and pay up in which case he will not deserve a tag or he can scam and deserve it. Tagging him before he was able to do you wrong is an abuse of the system.
October 31, 2020, 03:59:04 PM
If the rewards are escrowed in Bitcoin, Ethereum or other cryptocurrency from the TOP-20 of CoinMarketCap, all bounty hunters who participate in this campaign can be assured in receiving their payments. But escrowing funds in worthless tokens (or coins) is almost pointless. Of course, bounty manager will fairly and honestly distribute all tokens after the end of the campaign, but there is no guaranty whether this project is fraudulent of not.
Secondly, teams usually don't want to send a large amount of tokens to one person they do not trust. Moreover, some projects often launch TGE (Token Generation Event) only after a successful ICO, so it is impossible to escrow funds in tokens that have not yet been issued. Therefore, I am against this harsh proposal.
Secondly, teams usually don't want to send a large amount of tokens to one person they do not trust. Moreover, some projects often launch TGE (Token Generation Event) only after a successful ICO, so it is impossible to escrow funds in tokens that have not yet been issued. Therefore, I am against this harsh proposal.
October 31, 2020, 03:16:35 PM
Firstly, escrowing of funds doesn't guarantee a success of project or increase value of the token.
Secondly, giving a red trust to a Bounty Manager who has also worked his/her ass off to setup a bounty and manage all the stake process and numerous questions, team gives pressure of better result then they either turn scam or delay distribution isn't fair at all as BMs are also victim.
Most genuine projects will be reluctant to send huge sum of token to a BM actually as they will try to protect the value of their token as well.
The best bounty hunters can do is to do their own research and make an informed decision as to whether they want to join bounties. Joining bounty for valued token is always a gamble. Noone can guarantee the success of a project hence won't be fair on BMs to receive such damaging flag to their name unless the BM abuses the system by misleading hunters and proofs should be provided
Secondly, giving a red trust to a Bounty Manager who has also worked his/her ass off to setup a bounty and manage all the stake process and numerous questions, team gives pressure of better result then they either turn scam or delay distribution isn't fair at all as BMs are also victim.
Most genuine projects will be reluctant to send huge sum of token to a BM actually as they will try to protect the value of their token as well.
The best bounty hunters can do is to do their own research and make an informed decision as to whether they want to join bounties. Joining bounty for valued token is always a gamble. Noone can guarantee the success of a project hence won't be fair on BMs to receive such damaging flag to their name unless the BM abuses the system by misleading hunters and proofs should be provided
October 31, 2020, 02:25:37 PM
Unless the bitcointalk staff makes Escrow for bounty hunting compulsory and the bounty manager did not comply. That is when we can admit that the bounty manager has breaking the rule and can be red tagged. Since nothing like this exist, there is nothing anyone can do to them. Many of them do write disclaimer post at the bottom of a bounty post, stating that they are not part of the team
There are no rules for conducting a bounty campaign on the forum, including one that provides for escrow. However, escrow is common in signature campaigns where payment is made in BTC. If escrow is not provided for by bounty, then each bounty hunter must independently conduct research on the campaign they want to join. In addition, they should pay attention to whether the Manager has experience in conducting bounties and how successful they were in the past.
Seems unfair also to the bounty manager if he will get the red trust from a situation he has no control of. Sometimes even if they are doing their job and defending his participants, the final call is still from the team's end. So it is up to the bounty hunter how to choose the project that he will promote of. The BM can't do anything when and how the tokens allocated will be distributed. He can push the management but that's it.
October 31, 2020, 02:24:53 PM
I don' think it makes any sense to give any bounty manager red trust because hey fail to escrow the bounty payment, you can only do that if after the campaign the project fail to pay. I have seen manager pay from their own pocket bounty campaign fund when the projects ended up being a scam, we don't see that again in this space
October 31, 2020, 02:19:22 PM
100% I support if a manager who doesn't use Escrow must get Redtrus, it aims to reduce projects that are unfair to hunters and reduce managers who manage bounties, of course this will be better for bounty hunters in the future
October 31, 2020, 12:08:48 PM
Unless the bitcointalk staff makes Escrow for bounty hunting compulsory and the bounty manager did not comply. That is when we can admit that the bounty manager has breaking the rule and can be red tagged. Since nothing like this exist, there is nothing anyone can do to them. Many of them do write disclaimer post at the bottom of a bounty post, stating that they are not part of the team
There are no rules for conducting a bounty campaign on the forum, including one that provides for escrow. However, escrow is common in signature campaigns where payment is made in BTC. If escrow is not provided for by bounty, then each bounty hunter must independently conduct research on the campaign they want to join. In addition, they should pay attention to whether the Manager has experience in conducting bounties and how successful they were in the past.
October 31, 2020, 11:41:35 AM
First they are just the people who are hired to manage the bounty and calculate stakes for the participants. They do not have the right to distribute tokens. There are actually very few projects that accept escrow now, so it is up to you to join bounty or not.
October 31, 2020, 11:38:12 AM
You are free to create a flag to the managers that wouldn't use an escrow but I don't think any DT users would be able to support on that flag or give red tag to the manager. First thing is that it is not required to use an escrow up to now, it's still an optional.
One thing you can do. If you don't trust the manager or the project then just don't join the bounty campaign I think that's that least you can do.
One thing you can do. If you don't trust the manager or the project then just don't join the bounty campaign I think that's that least you can do.
October 31, 2020, 11:35:00 AM
Bounty managers must pay people in tokens in the time announced and not be delayed because investers and even bounty hunters want to make profits after working so hard the ico managers must keep in mind that the project is not the only priority and be in time for payment bring good publicity to the project.
October 31, 2020, 11:30:14 AM
This is for bounty managers who are working on projects who are launching ICO and IEO why not giving them red tag for not doing escrow and make this a must for bounty managers, we have seen so many complaints about project that's been locking, delaying and not distributing the bounty, even if you are not a DT you can create a tag or a flag and let the community support, it's time that something like this happen to protect the community of bounty hunters.
Some manager in the past got tagged for promoting scam bounties but most of them are not going to get any tag or support for the flag because bounty manager already give disclaimer about the project and the rewards so they are not responsible if anything goes in the shady way because they also doing work for money in return. October 31, 2020, 11:16:55 AM
Then you have no idea how hard it is to manage a bounty project, before doing this to a bounty manager I suggest you manage a project yourself, do you think that bounty managers are the ones that create those bounty rules? It's the project team call for every rules you see on bounty ann pages, do not punish the innocents
October 31, 2020, 11:06:50 AM
This is for bounty managers who are working on projects who are launching ICO and IEO why not giving them red tag for not doing escrow and make this a must for bounty managers, we have seen so many complaints about project that's been locking, delaying and not distributing the bounty, even if you are not a DT you can create a tag or a flag and let the community support, it's time that something like this happen to protect the community of bounty hunters.
I do not really suggest punishing bounty managers because there are project owners who do something wrong, obviously there is a very important case that if you end up with something wrong with the bounty, there is a bit of responsibility that comes to bounty manager as well, that person had to be more careful and needed to warn the participants as well.But what we can't forget that the main wrong person there is the project owner, they are the ones who didn't gave what was promised, not the bounty manager. What we can accuse project owner of is stealing our work and efforts and that is as serious as stealing our money, what we can accuse bounty managers of is just doing their job badly, there is a huge difference between being evil and bad versus just doing your job bad, we all have done our job badly at least once or twice.
October 31, 2020, 11:04:50 AM
This is for bounty managers who are working on projects who are launching ICO and IEO why not giving them red tag for not doing escrow and make this a must for bounty managers, we have seen so many complaints about project that's been locking, delaying and not distributing the bounty, even if you are not a DT you can create a tag or a flag and let the community support, it's time that something like this happen to protect the community of bounty hunters.
This is wrong, you will end up shooting yourself in the leg, just try to put yourself in the shoes of a bounty manager, you don't know what these people are going through, it's not as easy as you guys thought, before judging a bounty manager please try to take up the role first and let's see if you can cope. 
October 31, 2020, 10:41:38 AM
I think putting red tag to bounty managers that did not use escrow is wrong, There is no rules yet coming from btt staff like mandatory to use escrow to every bounty campaign, if there is no rules yet so there is no violation or they did not break rules and no reason to put red trust to them. On the other hand assume there is a rule and what if all trusted bounty managers accounts have red trust on their accounts what do you think will happen?
Even in signature campaign that pay in btc it's not mandatory to use escrow to secure the payment of participants. That's only managers request to secure the funds to make sure everyone will have the payment. so I don't see that it's possible to happen in bounty . You are free to open accusations or flag the manager but I don't see it to be a mandatory requirements for a bountie campaign.
October 31, 2020, 09:33:26 AM
I mean for what? We are muatualism in the bounty industry in my opinions. they take the job and we do our job as well. Most importantly need to due dilligence first, this is very important. and i'll glad to join bounty with escrow, but make red tag isn't necessary if they don't cheat, imo
October 31, 2020, 09:29:46 AM
This is for bounty managers who are working on projects who are launching ICO and IEO why not giving them red tag for not doing escrow and make this a must for bounty managers, we have seen so many complaints about project that's been locking, delaying and not distributing the bounty, even if you are not a DT you can create a tag or a flag and let the community support, it's time that something like this happen to protect the community of bounty hunters.
I fully agree with this position but we cannot generalize, there are many managers with excellent quality and ethics in their work. In my opinion, some rules should be taken a little more seriously.
October 31, 2020, 09:15:49 AM
That's has been the issue since the beginning I also am a victim of bounties that failed to distribute their tokens even though they reached their softcap, this is one of the reason I left doing bounty in ICO or cryptocurrency and joined Bitvest, you are working for nothing and you are just wasting your time, I hate to be a victim of deceit.
October 31, 2020, 09:09:50 AM
This is for bounty managers who are working on projects who are launching ICO and IEO why not giving them red tag for not doing escrow and make this a must for bounty managers, we have seen so many complaints about project that's been locking, delaying and not distributing the bounty, even if you are not a DT you can create a tag or a flag and let the community support, it's time that something like this happen to protect the community of bounty hunters.
There are not any official rules about it so they are not breaking any rules by not doing escrowed. So they can't be red-tagged.
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