In trying to confirm Bountysource is toast, which according to TFA should be at least one-month-old news, I found this GitHub issue [1] from May claiming it was insolvent and not paying out bounties. The Internet seems really quiet on this otherwise. I guess they are hardly used by any project?
Why did they even set up a bounty source if they didn't have any plan for spending the money, dividing it, or using it to pay someone who wasn't passionate for the project? They would have been better off spending the money on people not passionate about their project, or perhaps paid bounties to other projects. Now the money is gone. I'd definitely call that leaving it on the table.
I'm a different person than above, I have brain damage, and I got all of the information I posted from the article. I get it that some crypto company bought Bounty Source. But in the article they said, "bounties were handled by Team NewPipe. I had set up the account for Team NewPipe on Bountysource, which accumulated a significant sum of money over the years."
I understand that they have a lot of volunteers and it isn't easy to get a consensus. Maybe they should have thought of that first? Or perhaps just make a decision and let it be known it would be happening in X period of time that unless there was significant outrage that they were going to do X? Even if they were never going to cash out of the deal, they could have used it to pay other bounties to get work done. Or sit on all that money until it evaporates.
"but we did not want to get paid for working on a passion project" If they didn't want the cash in the first place they could have put it towards something else open source. Plus they are complaining about not getting paid while saying they didn't want to get paid. This would scare away anyone wanting to help if they are going to go about things this way, but I don't know because apparently I didn't read the article.
> Therefore, I reached out to a lawyer. However, the costs of hiring one, added to the court fees for initiating the proceedings, are too high to warrant pursuing this
This is not an uncommon sutuation, is it? The very instituion that was setup to dispense justice, has become inaccessible in most situations for most people.
>This is not an uncommon sutuation, is it? The very instituion that was setup to dispense justice, has become inaccessible in most situations for most people.
Because resource constraints exist. The justice is very expensive to run, requiring many highly qualified people. That means for cases where not enough money is at stake, it's not worth the cost (x hours * $300/billable hour for your lawyer, plus the other side's lawyers, plus judge/clerks/paralegals) to peruse justice. The government does step in some cases though, usually in criminal cases.
A company that markets themselves as a blockchain group scamming & ghosting users? Absolutely shocking. Still... all sarcasm aside, it's very sad and unfortunate for the great people out there doing good work that they've screwed over.
It's the present and greater future of trustless, not trust.
Certain long term projects are already trustless, non custodial working solutions, a rug pull like this could not take place if let's say the funds was placed in some audited ethereum smart contract where the owner signs rewards and the middlemen here bountysource automatically receives a cut of the payout.
It isn't enough to stamp crypto or blockchain on a solutions to make it trustless hence safe. Let's concede a majority of crypto/blockchain gigs are not trustless, not really decentralized . Yes rug pulls do happen often in this context.
There is currently over 40 billion dollars worth of tokens owned by an aggregate of millions of self custodians, across DeFi alone on the biggest blockchain, in what is called a crypto winter. Funds are there, volume is flowing.
This blockchain France or whatever entity was running bountysource was a non blockchain shody business that stole from newpipe and many others, crypto could in fact have easily prevented that
Rarely tether. But sure, US dollar notes aren't being squeezed into digits and sent over the wire.
More seriously traditional institutions aren't keen on pegging their fiat themselves, so other entities (not only tether) did it. If you don't like the smell of tether just ask Circle they have been audited by trads auditors even.
Let's say it is. Nobody gets rugged pulled. The argument was in response to the trust factor.
If you don't believe those trades to be organic, would you also deny the volume is happening decentrally.
My take on wash trading is that it is very prevalent, on centralised exchanges which blockchain and decentralisation has nothing to do with, quite the opposite.
Already there.It's as simple as creating a key pair.
Self custody is supported by dozens of open source wallets running on every OS even on mobile, being used, out there even by the layman.
I don't see where is the ignorance if hackernews users are there to debunk commentary stating "crypto scam" when the thing isn't even remotely related to crypto. Just the name.
1/ wasn't crypto. Yes rugged pull. Crypto did not invent that kind of crime
2/ crypto already self custodial, permissionless, and censorship resistant, safer than any centralised bank/ledger.
In other words. Use crypto in its current state and you won't be rug pulled. Use anything else, you might be.
Can use crypto blockchains, today. In a few minutes you can have your wallet with your own keys, and start receiving payments, among other things.
No need to ask permission. Nor fill a form providing all your personal detail to an entity that a few years later will be ransomwared/hacked and leak most of your privacy. No need to wait for approval. Which may be denied
And nobody, nothing, can stop you. Not bitcoin.com, nor Vitalik, nor your bank, nor your state even if that's the CCP, nor the NSA, from transacting.
Can't get your account locked. Frozen. Under review. Or closed.
Of course all of this does open some concerns, what if you lose your keys, what if you are a dangerous angry terrorist, what if you are selling illegally drugs etc.
But crypto, today not tomorrow or next year, gives everyone in the world equal and open access to being their own bank.
Maybe there are camps on hackernews. Not sure which side you put me on, I'm just stating some facts about the tech as it stands.
Note that newpipe has a librapay account, which so far I have found relaible. It is run from France, and the owners are paid not from librapay cash pile but from their own donation pages.
I am already supporting them this way, but seeing they have 1.2k open issues maybe it would be better to contribute with patches and maintenence instead?
The Blockchain Group seems to be close to bankruptcy, if not bankrupt.[1] Trading in their stock is being suspended. "In view of the financial difficulties encountered by the Company, in particular its financial situation
the Company is actively seeking short-term financial resources that will allow it to
to ensure the continuity of its operations in fiscal 2024. The Company has initiated
discussions with its main creditors on the one hand in order to reach an agreement with them to the effect that
restructuring its debt and, on the other hand, with potential new investors ..."
I made the mistake of using bountysource for my project and put some money into it. Luckily there was someone who pinged me on GitHub so I could get the money back through PayPal dispute.
I'm sure that The Blockchain Group (TBG) didn't do anything unusual or illegal with money in Bountysource...
My gut feeling is that TBG bought the bounty site with a view to paying bounties in their own shitcoin, but then all their crypto "investments" went south, and they pillaged all the coffers... and probably threw good money after bad.
I wish there was a way to donate anonymously. Like a BTC(bitcoin) and/or XMR(monero) address, if you're open to figuring that part out and/or locate a forwardee who is.
If there is a way to donate crypto at all then you can open up tor and load changenow.io
and send XMR to it and put the desired currency in and their donation address in
the blockchain would show changenow’s donation address to the recipient
monero blockchain would show nothing
and changenow wouldn’t know your IP and neither would the monero node you used
a more complex way can be done completely onchain using the XMR to SCRT bridge. Then SCRT to Ethereum where everything is alot more liquid.
protip: already have a balance of XMR. if you need to get XMR first then do that but wait for a couple days worth of transactions to go across the Monero network before you send any of your XMR. Do not use the same XMR return address on Changenow that you sent to on the exchange where you bought your XMR or anywhere. Dont send the exact same amount of XMR that you purchased. You’ll get used to these constraints.
[1] https://github.com/bountysource/core/issues/1586