Bounties

A feature documentary - Vitalik: An Ethereum Story
and collection of short films about Ethereum.
Watch now at EthereumFilm.xyz 
Updates at /ethereumfilm

AMA for the next 1 hour - can be about Bountycaster, the @ethereumfilm documentary, investing, nomading, etc

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

what’s something very few people agree with you on re 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

I don't know if it's very few but most have said/think that bounties should be monetized through taking a cut of the transaction but I don't think that's the route for us

support this, and believe there're other meaningful monetisation opps.

one alternative i've been tinkering with is 'stake to access' — one stakes crypto to access a service or pro features while the project earns the yield. no recurring fees, no costs for users. staking requirements could be adjusted based on bounty amounts or feature unlock tiers.

I don't know if it's very few but most have said/think that bounties should be monetized through taking a cut of the transaction but I don't think that's the route for us https://warpcast.com/linda/0xc6208bde