Hey djm34,  

I understand your logic, but I really don't agree with your take on working for a bounty.

- If the bounty is too low for the possible measure of work, then the bounty is just too low, so it needs to be raised in order to attract developers. Different people will naturally value their time differently, for plenty of reasons and not just the obvious one (quality work = expensive work).

- There isn't someone keeping the bounty for themselves in case full performance is not delivered, those that funded the bounty will simply not have the full expense. It is a community organized service, paid with community funds. Being for an open source release, it would stand to benefit the Monero (and CN) community at large.

Hiring a dev is surely another way to approach the problem, but that also has it's own issues, which you're probably entirely familiar with, even though you'd probably sit on the receiving end of that deal  
Personally, and funds permitting, I tend to prefer the hiring dev approach, but others might feel differently.

PS: I recall that there was some delay in getting the bounty over to TSIV, but it was never the case that the people with the bounty offer did not want to pay him. The discussion (and delay) around the time, concerned performance and support for various compute levels, etc...

Edit:

I wanted to take you up on this bounty, but your offer would only cover an estimate of 0 minutes of my talents, so, no go amigo.
I suggest you raise your offer, say perhaps, > 0?