The bad side of bounties that I have personally come across is working and promoting a bounty project for months, waiting for distribution for another month or two and waiting for another month to get listed and later realizing tokens are were not worth more than $10. I considered it a waste of time because I was new into crypto by then. The good side is, promoting a well researched project and even forgetting you took part in that project and later realizing your tokens worth, I mean really worth $$$.
The bad side that you say is actually not only felt by you, but by everyone including me personally. It really wastes our time when we have worked very long but what we get is not comparable. So from that in the future what we have to do might be to filter out good projects so that our work always has value. 
Topic: THE GOOD AND BAD SIDES OF BOUNTIES (Read 10229 times)
You are very correct. Of all the ills emanating for bounty hunting, the challenges of becoming a target for hackers who indulge in email scam and wallet phishing is more impact full because any careless move slip from you can truly put you in deep loss from hacking. The best decision to help prevent that is to secure all your accounts with 2fA.
The bad side of bounties that I have personally come across is working and promoting a bounty project for months, waiting for distribution for another month or two and waiting for another month to get listed and later realizing tokens are were not worth more than $10. I considered it a waste of time because I was new into crypto by then. The good side is, promoting a well researched project and even forgetting you took part in that project and later realizing your tokens worth, I mean really worth $$$.
The good side of bounty is getting a reasonable payment on the long term and be able to swap to fiat or other coins you like but the bad side is many ,long term waiting ,got cheat of your reward either from team or bounty mangers and the worst one is if the coin or token never get listed and they remain in your wallets forever
Bounty has all good site but only bad site for you, if you are new user of cryptocurrency. Scammers and hacker available, you don't even know you known person could be a scammer, good luck for new people.
Even if you are not new, you can still be vulnerable of scams since the majority of the bounty campaign now are scams or even if you will not be scam, you still cannot guarantee to yourself that you will be making good reward due to the market situation of the altcoins now where still not profitable.
for bad side aside from the issue of social media, the email that needs to be worried is Kyc, we know that some bounties always ask for kyc and even I see a crypto project who asks Kyc through the bounty manager intermediary and it makes me wonder why it needs to be done? I hope that the bounty manager does not abuse it because the data obtained reaches hundreds of participants. for account problems actually using 2FA is enough to overcome that it's just that the wallet is rather difficult because we might be phishing if we are not careful.
Everything has pros and cons. Bounties are profitable and useful as well as useless for the worthless projects. That's why its always important to read more and find out about the particular bounty you want to participate before anything.
the good part of the bounty is I think when the project we are working on is in a good position and might get a profit. but the bad part is a scam project. This scam project is often a problem for bounty participants and results in no profit.
The good side of Bounty on the Bitcointalk forum is to provide Bitcoin for free to members participating in the Bounty, but for now there is a lot of cheating from members who use multiple accounts, and will have a negative impact on those who cheat.
Other than the mentioned issue it is really hard to get good profit out of the bounty rewards. Also the legitimacy in the distribution were also not fair as the distribution is done by the authorities of the project while the campaign manager just make preparations of the participant list and the token allocation. Maybe someday the growth will happen or goes worth nothing, it is upto the growth of the project as well our luck to get an earning.
And also the treat too is giving your identity or passing KYC for only a small amount of rewards i think its unnecessary to pass your identity on them ,only they need to fair and pay who are about to working them.
The good side of Bounty on the Bitcointalk forum is to provide Bitcoin for free to members participating in the Bounty, but for now there is a lot of cheating from members who use multiple accounts, and will have a negative impact on those who cheat.
Gone are the days that immediate riches or gains are made from bounty. If you cannot wait for your reward to grow, then you might end up selling it for peanut.
There are several projects that are yet to officially list on centralized exchange, so you might find them trading on DEX, but selling them on such exchanges might bing about very low price.
There are several projects that are yet to officially list on centralized exchange, so you might find them trading on DEX, but selling them on such exchanges might bing about very low price.
The promotional and publicity effect of bounties is its first and paramount advantage. It is majorly for this reason that project consider it as a key aspect in their development. Bounties offer a cheaper form of marketing and publicity for projects unlike traditional forms of marketing. The major disadvantage of bounties is a devaluation of project tokens as a result of price dumps.
yes that's the purpose and purpose of the bounty hunters here as you said above, besides that they also do this to add new insights that we didn't know before. but don't forget that in the cryptoqurrency industry there must be good and bad sides, nothing is perfect here, everything certainly has its own risks.
bad for those who don't get the possible results from the bounty campaigns they follow. but for those who have benefited a lot from the bounty of course, what they know more about is the profit or loss of participating in a bounty campaign.
yes that's the purpose and purpose of the bounty hunters here as you said above, besides that they also do this to add new insights that we didn't know before. but don't forget that in the cryptoqurrency industry there must be good and bad sides, nothing is perfect here, everything certainly has its own risks.
bad for those who don't get the possible results from the bounty campaigns they follow. but for those who have benefited a lot from the bounty of course, what they know more about is the profit or loss of participating in a bounty campaign.
For newbies in the crypto business, you must Know this. make sure you never associate your exchange email with your bounty account. make this a top priority. i advice hunters to have more than 3 gmail accounts.
The good side of bounties
1; you will definitely make lot of money campaigning for good projects.
2; you might even get rich on the long term if you are a holder of coins and able to detect good projects.
BAD SIDE.
1; whether you like it or now, your social media accounts will receive login threat(someone trying to login to your account from a different location)
2; hackers will also play with emails that was exposed while registering on bounties.
3; if your account is not secured properly, you will lose everything. even your wallet.
Guys i just got HACKED on my hitbtc exchange account.
login location United Kingdom.
i never know u.k have hackers too.
Hackers are everywhere all over the world, no country is a saint as far as hacking is concern, extra care is necessary in order not to fall victim of hackers. The good side of bounties
1; you will definitely make lot of money campaigning for good projects.
2; you might even get rich on the long term if you are a holder of coins and able to detect good projects.
BAD SIDE.
1; whether you like it or now, your social media accounts will receive login threat(someone trying to login to your account from a different location)
2; hackers will also play with emails that was exposed while registering on bounties.
3; if your account is not secured properly, you will lose everything. even your wallet.
Guys i just got HACKED on my hitbtc exchange account.
login location United Kingdom.
i never know u.k have hackers too.
Like you say , bounty can be profitable if you meet a good project and the team are transparent and truthful in giving hunters their reward.
As for the bad side, the email i use for bounty is only for bounties i cant use it for any important investment or Exchanges where my funds are. we just need to be careful and play safe while we participate in bounties.
As for the bad side, the email i use for bounty is only for bounties i cant use it for any important investment or Exchanges where my funds are. we just need to be careful and play safe while we participate in bounties.
What ever have a good side will definitely have a bad side. But all the same, don't base your living on participating in bounty campaigns alone. Get a work outside Cryptocurrency for a backup in case of black times.
For newbies in the crypto business, you must Know this. make sure you never associate your exchange email with your bounty account. make this a top priority. i advice hunters to have more than 3 gmail accounts.
The good side of bounties
1; you will definitely make lot of money campaigning for good projects.
2; you might even get rich on the long term if you are a holder of coins and able to detect good projects.
BAD SIDE.
1; whether you like it or now, your social media accounts will receive login threat(someone trying to login to your account from a different location)
2; hackers will also play with emails that was exposed while registering on bounties.
3; if your account is not secured properly, you will lose everything. even your wallet.
Guys i just got HACKED on my hitbtc exchange account.
login location United Kingdom.
i never know u.k have hackers too.
The good side of bounties
1; you will definitely make lot of money campaigning for good projects.
2; you might even get rich on the long term if you are a holder of coins and able to detect good projects.
BAD SIDE.
1; whether you like it or now, your social media accounts will receive login threat(someone trying to login to your account from a different location)
2; hackers will also play with emails that was exposed while registering on bounties.
3; if your account is not secured properly, you will lose everything. even your wallet.
Guys i just got HACKED on my hitbtc exchange account.
login location United Kingdom.
i never know u.k have hackers too.
in each field of activity there are pros and cons) cryptocurrency is no exception, especially since we are talking about finances. So you just need to be careful and everything should be fine)
Good and bad bounty campain side, a good side is huge rewards and bed side is scam projects, fail, frauded, not paid, no distribution and token locked.
I just hope bounty campain will back to something good projects.
I just hope bounty campain will back to something good projects.
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