☕ Reflections with a cup of coffee☕
AmaZix:bounty will be gone?
As a bolt from the blue sounded published may 31 message from the well-known bounty management team AmaZix message: bounty-AmaZix programs are changing (The AmaZix bounty programs are being redesigned)
Link: https://medium.com/amazix/introducing-amazix-community-rewards-41313bd4c896.
In a few words, the essence of this manifesto is as follows: the team will cancel the form of bounty campaigns that have developed in previous months. The promotion of ICO projects on Twitter and Facebook is excluded from the format (especially since social networks have officially banned the advertising of crypto-currencies). Must pass KYC. And, as a final consequence of the struggle for the improvement of bounty quality, participation in further AmaZix projects for bounty hunters will be available only by individual invitations. Sharply pull the brake!
Participation in bounty campaigns is an advertisement of the project for investors' money. This idea was born in the depths of the oldest cryptocurrency forum https://bitcointalk.org because the forum allows you to place in the account settings the signature of the participant, which is then displayed under each of his message. This signature was changed every time the user made changes. To see her, could everyone who read this message, where and when would it have been abandoned. At first, users wrote there anything (I am the king of cryptocurrency). But over time, every visionary user began to advertise there favorite projects. So there was an internal advertising network of bitcointalk and it eventually became a powerful advertising for new projects. The higher the rank, the longer he's on the forum and even more authoritative than his opinion! The most cunning users realized that the owners of high ranks have an advantage and began to "pump" accounts.
Soon, many media and bloggers began to write about cryptocurrencies and ICO. Many people, having learned about this phenomenon, quickly imbued with the ideas of "passive income" and "digital gold". New projects appeared every day, new technologies were really needed and brought super profits to investors. Create ICO hurry every intelligent man. And these people understood that successful crowdsale requires advertising and people who will produce it. A number of people with high ranks on the forum are limited. Because of this, account owners began to receive a lot of money! At this moment thousands and thousands of new participants started to register at the forum every day. These people are poorly versed in the cryptocurrency, but wanted to quickly and earn a lot. Now the number of forum participants is more than 2 million people. Many created several accounts on the forum and social networks, which also began to advertise projects. Scammers could not miss such a chance. Today, about 50% of projects that collect crypto-investments are scammers. Experts understood that if we do not start the process of self-regulation of the industry, then the state will do it for us, putting things in order with its rigid methods. AmaZix were the first who ventured on such a step - change in the bounty of the campaign fully.
A lot of people - a lot of problems. Unskilled bounty-hunters can harm a really promising project. Nobody pays attention to the endless stream of spam in social networks. The center of obtaining truthful information is still bitcointalk, to believe that they write in the ANN thread and what rank users carry the signature of the project. How many subscribers reads the Twitter of the project, and how many are signed by him. What rating was given to the project by young but ambitious rating agencies. Everything's back to square one.
It is not yet known whether the AmaZix team did well or badly. Will they become industry leaders and this step will reduce their efficiency. After all, now they are beginning to compete with professional media, who also want to make a profit. Previously, the effect in attracting investments was given by the influence of people from the forum, because few people believed in paid articles in the media. Now, Lasix took a step to the ICO is as usual of a product, without the effect of novelty and dedication. On the one hand, this means an achievement in the acceptance of cryptocurrencies by the world. On the other hand, cryptocurrencies will soon become an ordinary commodity, boring and ordinary.
Megalucker
https://bitcointalk.org/index.php?action=profile;u=1275142