Bounties

Sharing my thoughts on the regular question *why don't you just take a cut of the bounty earnings?*

1. Business model doesn't scale well for bounties unless you charge a very large % of the earnings. This is what other platforms do and we don't want to do that (e.g. Replit bounties charges a 25% cash out fee on top of payment fees you might pay internationally, even then it's not profitable for them and is likely a loss leader for their core business)

2. You get involved as an intermediary which means you get roped into disputes and have to deal with way more regulatory components. This means hiring a much larger team to handle all the operations + legal complexities which increases burn. Eventually you might be able to decentralize but this is a long process and you'll be involved at the start

3. We take handling user funds very seriously so would add a lot more overhead for us with security

We want to try a different approach with peer to peer markets since Craigslist + Facebook Marketplace make it work

reply guys

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