I have a question (forgive me, I have no experience in bounty management). Can't those guys first get the tokens into a trusted escrow before the bounty campaign begins?
It's completely legit question. Yes they can of course, but think from their side from the side of a genuine team. For them, the token worth a lot. They have no idea how the community operates. Who are trusted members. Anyone with forum experience knows who to trust, but for a newbie it's totally a different place.
Remember the topic about Small Rabbit? I had some explanation there:
A 10 month old Member account has no value. He had no reputation, I don't know how he got someone to hand over $25,000 (
or how much was it?). It just shows how dumb the entire bounty-scene is, and how much money they all "earn" out of hyping BS.
Even I find it hard to convince a project team to escrow the tokens sometimes. For example, in one of my campaign (
Koinomo) yesterday it took me long chat to convince the team to send the coins to me which worth $100k according to their presale price. Still they want me to lock the tokens (how it's done I don't know much, but they will show me how maybe today) though.
It just shows how dumb the entire bounty-scene is, and how much money they all "earn" out of hyping BS.
When a project representative comes to a bounty manager, most of the time they basically have no idea how the community works. All they see is a good ANN thread, portfolio, management service charge if this is lesser than others. Very few guys take their time and investigate the person they are dealing with. Most of the time it requires long conversation to show them the differences you (as a manager) have than other guys.
Lately, I am in fact putting pressure to teams to send tokens in my possessions. Most of the time, it just does not work the way you want, by the way.
I may talk to other campaign managers that we need to have a common practice, which is to ask project teams to send the tokens to us before starting a campaign. A manager must ensure that the tokens are in his possession or someone highly trusted on the forum is holding the tokens. Here, another concern will be what if the team do not pay the escrow the fees to distribute the tokens? In this case, my suggestion will be:
1. If the token price worth good money then the escrow will sell some tokens to cover the fees and rest will be distributed to the hunters
2. If the token price do not worth anything, then the tokens are just burned I guess.