Topic: Would you agree to insure your participation in the bounty company? (Read 219 times)
August 22, 2020, 09:06:06 AM
IHMO, I think that was a complicated process I believe there is another way to make it more simple like what Bounty Detective was doing some of there bounties are already guaranteed in terms of payment because the budget is already in their position thats why insurance for bounty campaigns are not needed anymore and thats what I believe.
August 22, 2020, 08:50:22 AM
I just do bounty as a side hustle, I am back to trading which has been very profitable, so I realised I have been missing out on the recent Cryptocurrency gain. I won't join any bounty insurance, I will rather careful select bounty to join and faithfully execute it with an open mind.
August 22, 2020, 08:23:15 AM
Well, there are holes in the logic 
.
If the bounty insurance is a thing, they could make any coin or token they want, they can promise a ton, they could pay up the insurance fee and as expected (because planned) they would say bounty failed and collect money from it.
Simply do this over and over again with enough people and you can dry the insurance company down to bare bones.
This means they would have to insure only certain bounties, they can't do it all the time to all the bounties. Which means they have to check what is the likeliness of a bounty to happen or not, which means knowing something they possibly can't know for sure, but just guess. It is an idea, but it is an idea with a lot of holes in it, if you fill those holes maybe it might work.
.If the bounty insurance is a thing, they could make any coin or token they want, they can promise a ton, they could pay up the insurance fee and as expected (because planned) they would say bounty failed and collect money from it.
Simply do this over and over again with enough people and you can dry the insurance company down to bare bones.
This means they would have to insure only certain bounties, they can't do it all the time to all the bounties. Which means they have to check what is the likeliness of a bounty to happen or not, which means knowing something they possibly can't know for sure, but just guess. It is an idea, but it is an idea with a lot of holes in it, if you fill those holes maybe it might work.
August 22, 2020, 07:21:01 AM
The thing is, they don't really care about paying us, they got what they need which is your hardwork of advertising their product. It's all their call to pay you on time or not. Bottom line is once you committed of becoming a bounty hunter, then you need to know the risks of not getting paid or underpaid and so on.
That is why we need to work with bounty manager with a proven track record bounty manager that will escrow the tokens for bounty hunters after the crowdfunding, than working on a newbies manager, we have seen Bubbalex and Bounty Detective guarantying payment to the bounty hunters, and this is good also for the campaign
August 22, 2020, 02:45:17 AM
It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.
I think such a service should be helpful and hunters would be able to work and perform the tasks with complete peace of mind because they will be sure to get paid but i think the fee should be negligible or really low for bounty hunters while for investors it can be slightly higher.For bounty hunters who just want to work with bounty programs only this option they will take it because many times projects turn out to be scam or they do not get anything for those token as it does not have real market value in the end. So, this will give the satisfaction that in the end you will get something, and it will be worth the time and money.
August 22, 2020, 02:15:20 AM
It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.
It sounds convincing though, but what has gotten bounty participation to do with insurance. Paying some amount for bounty insurance is just a cunning way of gathering some funds from the hunters. Does payment of bounty at the end of the day guarantee a good listing price? The insurance I think they should do is to guarantee reliable listing price, at least the base price they used to target at the beginning of the bounty. If that doesn't occur, the hunters should be paid to make up to that price.
August 22, 2020, 02:13:42 AM
I just prefer not to participate in doubtful bounty compains
August 22, 2020, 01:19:13 AM
is the insurance company real or you only use it as an example? that can be the first if ever. i like it for the hunters because i felt sad when theres a hunter complain for not being paid . except for the payment part but thats how insurance work ? never been involve on it so i dont know . the pay part makes me worried because what if its a scam ? and the bounty also ? we can get double scammed if that happens .
August 22, 2020, 01:08:01 AM
Well I cannot deny thay bounty hunters needs some kind of insurance to hold on to. But it all depends on the projects themselves. Whether it's a successful projects or nah. Having an escrow to hold the payment might be a pretty good idea, but how many bounties are willing to do that? The distribution of the payments were all in the teams' hands. No one knows whether or not it will have price.
The thing is, they don't really care about paying us, they got what they need which is your hardwork of advertising their product. It's all their call to pay you on time or not. Bottom line is once you committed of becoming a bounty hunter, then you need to know the risks of not getting paid or underpaid and so on.
The thing is, they don't really care about paying us, they got what they need which is your hardwork of advertising their product. It's all their call to pay you on time or not. Bottom line is once you committed of becoming a bounty hunter, then you need to know the risks of not getting paid or underpaid and so on.
August 22, 2020, 12:53:06 AM
I also do not like the idea bounty hunters do not know if the price will take off he will be paying with his own coin to a useless coin, and this will be another scheme developers will launch projects because of the bounty hunters fee not on the platform that they are going to set up
I salute you when you don't like the idea of bounty hunters, but what you should know is that not all hunters have the same idea, because the bounty hunters here don't come from the same place, so don't assume all of them are the same. 
August 22, 2020, 12:50:17 AM
It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.
Cartesi is a good project just like GOLD but why need to put fee when the company can just pay directly the Hunters?even with small amount compared to the promise of scammers,yet at least Hunters can have their Payments each week ,things that hunters will probably love to work with because of payments assurance?
The Bubbalex manager campaign already agreed to pay 3 times transaction fees, why bounty hunters should pay to receive rewards. Teams should focus on price instead of transaction fees. Wapinter campaign name: Dogdata didn't pay transaction fees to complete distribution. For some projects these rules could be worthwhile.
exactly my point.Bounty hunters tend to earn and not to spend,scams will still happens no matter how good the projects look like,so better pay the hunters weekly or don't start a bounty at all. August 21, 2020, 11:18:47 PM
It sounds a little strange to me. I have to pay to be paid later for my work. In addition, if the project fails, I will be in the red - without a certain amount of money, my time will be wasted and I will have a certain amount, of possibly useless, tokens.
I also do not like the idea bounty hunters do not know if the price will take off he will be paying with his own coin to a useless coin, and this will be another scheme developers will launch projects because of the bounty hunters fee not on the platform that they are going to set up
August 21, 2020, 06:37:36 PM
The Bubbalex manager campaign already agreed to pay 3 times transaction fees, why bounty hunters should pay to receive rewards. Teams should focus on price instead of transaction fees. Wapinter campaign name: Dogdata didn't pay transaction fees to complete distribution. For some projects these rules could be worthwhile.
August 21, 2020, 06:11:11 PM
Insurance company would certainly like this, they have nothing to lose as they are the one who will create the rules in favor of them.
The question only lies to the bounty hunters as we are the one who will pay for the premium and since bounty hunting success is quite low, now, ask yourself, are you willing to pay a high premium just to get your bounty reward insured? And if you get your reward, how sure are you that you'll be able to sell it at expected price that your proceeds is higher than the premium you paid to the insurance company?
The question only lies to the bounty hunters as we are the one who will pay for the premium and since bounty hunting success is quite low, now, ask yourself, are you willing to pay a high premium just to get your bounty reward insured? And if you get your reward, how sure are you that you'll be able to sell it at expected price that your proceeds is higher than the premium you paid to the insurance company?
August 21, 2020, 06:02:10 PM
Firstly, I don't think any insurance syndicate in their right mind would ever insurance a bounty, unless you're going to pay 99% of the reward ever time.
They don't give the slightest damn about the measly sums handed out in bounty campaigns, nor do they have the time to form a bespoke deal with every campaign manager and bounty clients.
Bear in mind that most bounty hunters aren't even willing to fork over their KYC to register for high-quality bounties, so they're certainly not going to do so to insure their participation.
They also don't understand risk and reward, or they wouldn't be participating in bounties in 2020 to begin with.
They don't give the slightest damn about the measly sums handed out in bounty campaigns, nor do they have the time to form a bespoke deal with every campaign manager and bounty clients.
Bear in mind that most bounty hunters aren't even willing to fork over their KYC to register for high-quality bounties, so they're certainly not going to do so to insure their participation.
They also don't understand risk and reward, or they wouldn't be participating in bounties in 2020 to begin with.
August 21, 2020, 05:52:40 PM
It is a very good move, if the fee will not be a pain in the ass again. If this is also guaranteed, then fine. Although, I will prefer to be paid in a coin that is already traded. Also, I feel most might not want to be part of this, but I as for me, I am in.
August 21, 2020, 05:43:22 PM
Nah, that's too far fetch though in my opinion. I think the best way to handle this is let the bounty manager escrow the funds or the tokens for his campaign so that the bounty hunters are going to be paid in the end. Why would you have to pay a fee then when you they can just escrow it? Doesn't makes any sense to shell out money in the first place. Your job is to promote as bounty hunters and getting paid in the end.
I totally agree with your point. Paying just to insure a reward you are yet to receive is not the best thing to do. If they insure the reward, will they also insure the value of the reward. Escrow is the best answer.
August 21, 2020, 05:42:36 PM
Bounty hunters will pay the fee in order to have an assurance of getting paid in the end? Its not fair.
They deserves to be paid for their hardwork and effort for spreading awareness about the project.
But it will only be paid off if you participate in a worthy one.
They deserves to be paid for their hardwork and effort for spreading awareness about the project.
But it will only be paid off if you participate in a worthy one.
August 21, 2020, 05:29:10 PM
It looks, of course, it's a little fantastic, but why not. Imagine for a second that let's say, purely hypothetically, Lloyd Corporation, which has vast experience in insuring unusual and unique risks, offers bounty hunters to ensure their participation in a bounty company, for example, such a project as Cartesi. You pay a fee, depending on the risk, and in return, you receive guarantees of payment of remuneration for the work done, even in the event of a bounty failure. It is interesting to hear your opinion, do you agree to such conditions? Something similar would apply to investors.
what ?? bounty participants have to pay and even like investors. this is so LOLa bounty participant is like a war soldier, standing in front of promoting the project steadfastly every day, should be paid a fair wage not a paying participant .. it's not worth it and it sure won't be that many bounty participants will participate because they don't agree
August 21, 2020, 05:20:30 PM
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Your scenario doesn't apply in crypto though, so your argument is wrong in the beginning, specially your point #1. I'm sure you know that crypto is decentralised, so there's no central authority. Your point #2 is also invalid, project do ICO to raised money, they don't have hard currency obviously that's why they are offering tokens, but there is a catch, it's either it could have value or not. And that is why bounty hunting is at risk, it's either you win or you lose.
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