The scam is always there but I do see an improvement in the forum like users now can tag red trust to those who promote scam activity and also users now are avoiding to manage a project due to red trust that might get in promoting the scam project.
Aside from that the forum has also labeled on top of the thread that states awareness especialy if project had been tag for ita reputation. Or project is just being copied and paste by other projects and just change its name.
Topic: The bounty scam will gradually go away - page 11. (Read 47969 times)
Bounty scams will gradually go away but it will take time.The bounty managers should make proper investigation about a project before promoting it and on the other hand bounty hunters should also make their own research before joining any campaign to avoid promoting scams.
Frankly, I do think the greater task lies with hunters than it's with managers. Remember that managers are also humans and are prone to errors too. That a trusted bounty manager decides to run a bounty doesn't mean that the project can't scam. In fact, I have seen where reputable bounty managers here have handled bounties that later scammed. These managers never knew those bounties would scam, trust me. But it happened that way. So, I think hunters should always do their due diligence before enrolling in any bounty. I just saw one bounty now with promising project on DeFi (of course, DeFi is the main trend now) but I refused to enroll. Why? Because the BM is a newbie account. Accounts like that can easily scam or abandon hunters to their fate after the bounty has ended without minding any backlash. You destroy the account by tagging it, the owner creates a new one and continues scamming hunters. 
I did not know about these new twitter campaigns that pay in bitcoin, but I think it is equally easy to make a scam both here on the forum and on twitter, of course I also hope that the many scams in bounty campaigns decrease drastically or disappear forever
I think that bounty hunters dream of a magic button they could press and find out whether a project was a scam or not) If fraud in this sphere could ever stop, there would be more trust to icos and defis)
how they wish there were such thing because the path that they gonna enter was not easy . defi's are just new but we can say that there will be more trust on the late ico's if there are no or less frauds on this space . sad to say its over , ico's reputation were painted so bad that it cost his own life now we are now on the defi era and we are now on the phase were defi are slowly failing away . its not just the bounty hunters that are affected on this game but also investors .
I think that bounty hunters dream of a magic button they could press and find out whether a project was a scam or not) If fraud in this sphere could ever stop, there would be more trust to icos and defis)
They usually scam more when it comes to transaction fees and exchanges but the impact is much less in fact it is much better for every trader as long as there are crypto scammers they can never be completely controlled bounty projects will be much better if they move slowly. The quality of the projects will increase a lot.
Why not let the bounty hunter choose for their reward? If we truly want the bounty scam to end then I think they should start paying us with crypto that is already listed or give us a choice if we want to receive their token/coin or any crypto that is already listed on exchange.
I know that this isn't how things work but why not implement it by the bounty managers to secure payments for the hunters?
They could at least buy back half of the bounty allocation and reward the hunters with half of their token and half of a crypto that already have a value.
I know that this isn't how things work but why not implement it by the bounty managers to secure payments for the hunters?
They could at least buy back half of the bounty allocation and reward the hunters with half of their token and half of a crypto that already have a value.
To be able to pay in already listed crypto, the projects needs to already have great funds. Because for them, paying in already traded altcoins means having expenses. Most of projects cant afford that, because the goal of bounty is to attract investors and funds to the projects. It is like you are starting a business, want to get money and already having losses. Most wont even try to start in that kind of conditions.
But if the project pays in their own altcoin. His only expense is transaction fee. Their own token cost them nothing, they dont have value. They dont lose anything.
Escrowing funds by bounty manager might be a solution for this, but this not always work well. For example bounty detective and julerz12 usually escrow bounty funds. But they spend their own funds on transaction fees, and try to get them back from team. In other words, they are sponsoring bounty distribution with their own money and risk not getting them back.
Nowadays people are doing some good research before jumping in any kind of bounties, it's lot of bad projects and we are learning how to avoid it.
Previously, it was possible to promote a project with a bounty, but now I cannot name very successful projects that started this way. Many admins just need to get the hamsters to buy their token, and earn money. Some organizers simply don't care about their token.
But still you can find 10% of true guys that promoting nice project!
ok hope it goes well in the futurebut I think the scamer still exists because they will always take advantage of the situation so they will continue to roam, you just need to avoid it because eliminating scamer is very impossible, because there are so many.
Why not let the bounty hunter choose for their reward? If we truly want the bounty scam to end then I think they should start paying us with crypto that is already listed or give us a choice if we want to receive their token/coin or any crypto that is already listed on exchange.
I know that this isn't how things work but why not implement it by the bounty managers to secure payments for the hunters?
They could at least buy back half of the bounty allocation and reward the hunters with half of their token and half of a crypto that already have a value.
I know that this isn't how things work but why not implement it by the bounty managers to secure payments for the hunters?
They could at least buy back half of the bounty allocation and reward the hunters with half of their token and half of a crypto that already have a value.
Nowadays people are doing some good research before jumping in any kind of bounties, it's lot of bad projects and we are learning how to avoid it.
I'm personally of the opinion that things would get better in the cryptocurrency space and most of the issues we face would be history in no distant time. Bounty hunting will regain her lost glory. As you writely said, twitter bounty being paid in bitcoin is a step in the right direction and we may start having other social media added to the position.
Scam bounty wont go away and will continue to exist.However we can lessen these kind of projects if we dont let ourselves to be one of those hunters to promote their project.
They are continuous to their bad deed because they can fool people with their to good to be true promises of innovation and rewards.
I'm personally of the opinion that things would get better in the cryptocurrency space and most of the issues we face would be history in no distant time. Bounty hunting will regain her lost glory. As you writely said, twitter bounty being paid in bitcoin is a step in the right direction and we may start having other social media added to the position.
Everyone always hopes that there are no fraudulent projects on this forum but it will never happen. fraud is always rampant, we don't even know that scammers are around us. but as a bounty hunter you can still avoid reporting allegations of the Scam project and warn people not to get involved in it either.
People really need to begin to use their head, if a bounty campaign is offering to pay with their own coins and they are not escrowing the funds then you are taking a huge risk, and in many cases even projects that on the surface seemed like good projects end up trying to scam their bounty hunters as they decide to reduce their reward to one tenth of what they promised initially and this is completely unfair after the bounty hunters worked for months and then they are treated with such disrespect when they were crucial to make the project a success. Just recently we are beginning to have some Twitter campaign giving hunters reward in btc in the service section. This is one sure way to take off this muster that seem like a cancer called bounty scam.
Only few projects are doing that and mostly gambling sites and news aggregator I love to see projects coming crowdfunding but unfortunately I have not seen one doing that and if one start the trend I don't think others will follow the lead, they don't have money they just rely on crowdfunding.
Bounty campaign and bounty managers are really now evolving in terms of the beneficial effects to all the hunters. We cannot really tell whether a project is a scam or not but at least with this way of method it lessen and somehow eradicate the bounty scam projects.
Bounty scam will not go away as long as there are hunters that are willing to join even if the project is an obvious scam. But it is good to see that there are now social media campaigns that are bitcoin paying. Though we already saw that before, but seems, it is going back again. The good thing is that the manager handling that campaign does accept btc and not token or unknown alt. That is also for the welfare of the participants. At least, they are sure that they are getting paid with valuable coin rather than worthless token that is not yet listed in an exchange.
I agree. Bounty scams will never go away just that fast and seamless as long as there are members that are patronizing bounty campaigns even most are already obvious scams that are trying to lure new members to get an engagement with them.
Everyone always hopes that there are no fraudulent projects on this forum but it will never happen. fraud is always rampant, we don't even know that scammers are around us. but as a bounty hunter you can still avoid reporting allegations of the Scam project and warn people not to get involved in it either.
Yes. We literally and sincerely hope for that thing to make happen but it seems like too impossible to be done because there are still people who creates or developes fraudulent projects and scam people that are not yet familiar in this industry.
Everyone always hopes that there are no fraudulent projects on this forum but it will never happen. fraud is always rampant, we don't even know that scammers are around us. but as a bounty hunter you can still avoid reporting allegations of the Scam project and warn people not to get involved in it either.
Not even until we get the right way to avoid it for sure so far by escrowing payments to the manager, so the prizes of the hunters are held by the bounty manager, to avoid the team that always postpones payments when the bounty is over.
the rest is the same, many self-promoting projects then disappear and don't pay off.
the rest is the same, many self-promoting projects then disappear and don't pay off.
project fraud will never go away in this industry as long as there are bounty hunters in it. they use this forum as a free advertising service for their project. and bounty hunters one of the middlemen to promote their project. So, I don't think that project fraud will disappear completely.
Which means the initiative should come from the bounty hunters first.
If they will not just advertise anything that is listed in the bounty section then we could minimize the incoming frauds.
We can see bounties in millions of dollars that are too good to be true and yet there are still hunters joining it.
That is too obvious.
I don't know if its a lack of observation or they really need money in this pandemic. But, they won't even get a penny out of it.
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