I’d see your $10 and add $20. See this is exactly the point of the post we’d essentially be building a decentralized gambling system, or as it’s commonly called these days “insurrence.” But at the end of the day a gamble is a gamble. And if we built the system right we could gamble on anything. We don’t need to build something specific for a million dollar bounty, or even a $100 bounty, or even bounties at all. We just need to build a platform for a decentralized gambling system that we could use, among other things, to take out gambles (inssurence) against the chance someone would find a bug in the network or that they would be able to hack the network. Such gambles would need to be able to be crowdfunded, in other words people would need the ability to add money to “the pot” over time. And as the pot grew so would the potential reward. But as I said such a gambling framework would be of use to other risk taking chances. Think of decentralizing the entire insurance industry here and getting rid of private companies and their insane insurance policies. You want to gamble you’ll get sick? No problem. You want to gamble on the weather? No problem. You want to take a bet out on the next horse race? Again no problem.
I realize this could be a topic all unto itself but the point HERE is that such a platform could be applicable to creating such a bounty, and other bounties, while having much wider community benefits. You want a million dollar bounty? Get people to take out a $10 bounty first and just keep adding money to the pot. It doesn’t sound like a lot but it’s easier to bet $10 or $20 than $100 or $1,000. And if you get a lot of people doing that it adds up.
You could even bet the other way, that someone will hack the SAFE network by x date or in y amount of time and when it doesn’t happen the people that bet that SAFE would be hacked will lose money and the network will gain more credibility and subsequently be more willing to put their money into the bounty wagers.