@dd4bc, I'm pretty sure you are wrong and that he will pay the bounty. If he didn't, his reputation would be completely ruined and that would defeat the original purpose of his bounty. If he didn't want to protect his entity and reputation, he would not give a rats ass about you, nor care to pay someone else to find you.
He would have to pay it if somebody really finds me, but he knew from the beginning that it will not happen, so he created this bounty just to get some publicity for his useless site without members. I hope that he got a few from all those articles on the web.

Have you ever looked into the site? ;-)
Bitalo is the most secure bitcoin service with most secure technlogy fully implemented. We use multi-signature wallets where private keys are fully encrypted on user-side and coins are fully protected by backup tansactions so that you get the coins out, even when the site is completely offline. On top of that coins are covered up to 50.000 EUR for losses. As to mandatory two-factor authentication you can even setup a wallet on a fully compromised computer and you will never lose a single coin.
But, as we said multiple times, the site is not finished yet, we will release the full User interface and the various services (product market, airbnb module etc) only end of the year.