Well, i don't know what we would feel but i think the blockchain space is a faithful one, especially when it comes to bounty hunting. There are jubilant scenes in mtcn group regarding the recent upturn in price of token; with hunters getting reward for a work done since 2018. For some who believed in the project, it was a huge cashout.
It seems despite the gloom and appearance of scam projects, Bounty can be worth it if we join the right project
I don't get the relation between blockchain, bounty hunting, and the pump of MTCN that you have mentioned, or am I missing something?
Anyway, a lot of similar projects have pumped a year or two after the distribution, but It doesn't have to do with blockchain being transparent or faithful as you say.
Lastly, even legit projects could fail at some point. Therefore bounty hunting bears a lot of risk, and consider yourself lucky If you have cashed out tokens which valued 5-10 times before during the time it was listed for trading.