Would you agree to insure your participation in the bounty company? - page 3.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Quote from: Galley on August 20, 2020, 04:12:58 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.

This is outrageous paying just to promote a project, I will never participate in a project that will oblige you to pay just to promote the project even if the project is legit, this should never be implemented bounty hunters suffers a lot from delayed, abuse and low paid and this is like adding insult to injury.

Kotone

hero member

Activity: 1372

Merit: 503

Bounty hunters joins the campaigns without payment now you wanted to suggest a payment for a guaranteed service. Im not sure if that will work cause they will ignore it. Usually hunters are doing promotional marketing to earn funds but of course they hesitant if the campaign launched has payment.

I remember there is a project asking for payment for the bounty tokens. Thats suck to know cause you need to cover the fee. It shows how poor is the project it is.

Jawhead999

legendary

Activity: 1820

Merit: 1207

Do you think this will be implemented? Roll Eyes

it's just useless. Rather than Insurance, escrow is a best way to avoid getting scammed. Scam project never care about that, if they can't get reputable manager... they still can get a newbie manager or not using campaign manager. Also bounty hunters doesn't care and still joining scam bounty Tongue

Scam in bounties will never stop, it's your choice and risk become bounty hunters.

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

Bounty participants would readily agree at current situation where 90% of them get no or substandard reward for their effort. It would be like insuring their work.
On the other hand investors would want a real profit, they would not like to hear something like compensation for your loss. But still it's amazing how so much people invest in obvious scams. It's better to keep your money on bank than to risk it on a project that you are not confident of.

aprilnot

full member

Activity: 1204

Merit: 102

what we need is not insurance, but escrow. insurance may be good but for rewards that we do not know the price is something that is detrimental. it could be that the insurance fee is more expensive than the token reward price that we get. there are many projects like this the price when the market does not match the time of tokensales. So insurance isn't that great. and escrow is the right choice, with this the project team will not go around.

Gibreil

member

Activity: 805

Merit: 26

Quote from: Galley on August 20, 2020, 04:12:58 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.

I don`t agree, why? Because when there is no insurance, we have been scammed no matter how the project seen by the people. Scammers will take it as their advantage in order to fool people again. They will always front the words insurance and people will easily joined them.

If I will modify the system of bounty hunting, I want that every project will release payment half in bitcoin and half with their coins. And they should pay the half first when the bpunty was done. But I know it won`t happen after all.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Agre all not, all depends on the type of bounty, term condition and your self. Because we doesn't know the type of project/bounty why they need a fee and for what's, also all depends on your action. Fells free not to join the bounty when you doesn't agree to payed some fee and other things by joined their project, not every project want to always same as other.

There a few action why the team project asking about fee, could be they asking a small tx for looking some cheating participating by see from who is the sender address. Cheater will be hard and spent so much fee by doing the transaction also if we see too from the sender address that's would be more hard for him to always using fresh sender address every transaction he made.

tycsols

member

Activity: 812

Merit: 10

BountyMarketCap

Quote from: Galley on August 20, 2020, 04:12:58 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.

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.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: Galley on August 20, 2020, 04:12:58 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.

Lol, bounty hunters shouldn't pay a fee for a guarantee payment. The project itself should be the one who need to take care of it, that is if they are not scammers. However, for the legit ones, I don't think we need such kind of setup though.

And I would agree as what @Baofeng said, bounty managers should ask the project to escrow in advance the tokens or at least the payment scheme before accepting the job to ensure that we (managers and participants), are not going to waste time handling and promoting that project.

Baofeng

legendary

Activity: 2576

Merit: 1655

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.

Galley

member

Activity: 1274

Merit: 14

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.

Topic: Would you agree to insure your participation in the bounty company? - page 3. (Read 219 times)