Linda Xie on Warpcast

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Linda Xie pfp

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

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rish pfp

big fan of this approach

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@sleepypenguin.eth

But how’s it gonna work for bountycaster’s longevity?

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@baseddesigner.eth

So how do you see monetisation happening for bountycaster?

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Duraa pfp

I like this approach! My question was related to scaling your team from 2 passionate people to more people joining the team. That will help to grow the service faster if you have 1 person in each department. And by taking a small cut you can pay them

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GIGAMΞSH pfp

I love that. Don't think I've heard anyone in crypto mention craigslist as an inspiration.

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christopher pfp

good insights — do you think #2 is too hard or too early to chase?

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Mattyb ↑ pfp

On point #2, if a poster of a bounty doesn't pay someone for delivering on a bounty is there any sort of consequence of them not paying? A negative mark associated with their profile on Bountycaster to indicate lack of trustworthiness?

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I understand your point of view. Going off topic a bit, it seems like most bounty bot users in Japan are using it for PB or OPENRANK purposes. What do you think about that?(Linda's reaction purpose)

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look into swapd.co, i used to be into buying/selling instagram accounts and this is the best place for it, it's legit and pretty good might be interesting to look into how they're operating as a middle man

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👑eiteen go🎍<3

This is certainly something I've always wondered about, but this cast has clarified it for me. Also, 2 is more complicated and costly than users might expect up front.

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