With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.
While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course
in my opinion, what we need in the new token offering is an escrow for the payment so they can't run or decline to pay after the token offering
This is completely impossible. First of all the token offerring is the early stage of establishing a coin so they would know if the project can get to the masses to be invested and supported. Now they cannot just pay instantly without a success in offerring and this thing should be bear in every mind of the bounty hunters. That is why project researching is a must to know if the porject is legit and productive.
KYC for the team behind the offering and maybe some video call from a member of the team for legit check
many people stop investing in crypto or joining some bounties because of scam in altcoin
but i think it will be different if they can provide some proof that their offering is legit many people might change their mind
im just hoping some website can implement it or make some requirements here in bitcointalk before they start bounties and announcement
I might agree on this one but there is just one thing I am skeptical about and that is where arw they going to do KYC? I mean they can get fake names and fake persons to do that for them so it can be easily faked. You have a point on having requirements before starting a bounty but this is an open forum tho.