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The main problem of Bitcointalk bounty is that the quality of the entire forum just got worsen compare to 3-4 year ago before the ICO hype

The Old Bitcointalk is more of crypto discussion, adoption and etc
Nowadays post are mainly Promoting Scams, Wanted Quick Gain - which also lead to greed bounty campaigners to create bad bounty which doesn't even benefit the project who promote it

ICOs have caused this market to collapse, and it also makes this forum not as good as it used to be. Since the launch of the ICO in 2017, there has been a lot of spams and fake accounts, which has caused the quality of the posts to go down and flood the scammer.

Most ICO projects in the year 2017 and 2018 have caused the market to collapse because most of them are scam and unsuccessful. Good thing that there are still promising projects that are continuously developing and have a good value in the crypto market. I also think this forum is still good as it used to be; other crypto users just hated the merit system because they are not able to spam.

The merit system has made the forum a lot cleaner than before. And that is why bitcointalk is so different from other forums, I love and prefer to use it more than anything else.

Indeed. The merit system made everyone in this forum fair that most of them have stopped creating multiple accounts and creating spammed posts or topics.
Also, new bounty projects nowadays are having difficulties making their project successful because of the issue from the last year of 2017 and 2018. A lot of investors and bounty hunters have already lost their interest to participate due to huge numbers of unsuccessful and scam projects.

I think so too. A lot of new investors from 1028 burned theier hand in the huge ICO wave back then. Now those investors have become feweer and those who remained are very cautios in investing in ICOS