Governments should consider implementing a fraud bounty program offering 10% rewards on all detected fraudulent activities involving federal funds. This approach mirrors the proven security model that tech companies and crypto platforms use when they offer bug bounty programs to ethical hackers and security researchers.
The logic is straightforward: financial incentives motivate skilled individuals to actively hunt for vulnerabilities and fraudulent schemes rather than passively waiting for them to surface. By crowdsourcing fraud detection through monetary rewards, public institutions could tap into a broader pool of vigilant participants while creating an efficient detection mechanism.
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MeaninglessGwei
· 6h ago
NGL, this idea is really clever—adapting the bug bounty approach to anti-fraud... Has the government also learned to gamify?
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BearMarketSurvivor
· 6h ago
Sounds good, but it depends on the actual implementation. Historically, incentive policies tend to go awry—more money often attracts speculators to cheat and report. There must be strict risk control mechanisms; otherwise, it will be a situation where the supply line is cut off.
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StakoorNeverSleeps
· 6h ago
Hey, that's a good idea. Anti-fraud bounty hunters could have .
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RektRecorder
· 6h ago
This logic is indeed absolute... but can the government trust these people haha
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BearMarketSunriser
· 6h ago
NGL, this idea still has some merit. Applying the bug bounty approach to anti-fraud is indeed feasible.
Governments should consider implementing a fraud bounty program offering 10% rewards on all detected fraudulent activities involving federal funds. This approach mirrors the proven security model that tech companies and crypto platforms use when they offer bug bounty programs to ethical hackers and security researchers.
The logic is straightforward: financial incentives motivate skilled individuals to actively hunt for vulnerabilities and fraudulent schemes rather than passively waiting for them to surface. By crowdsourcing fraud detection through monetary rewards, public institutions could tap into a broader pool of vigilant participants while creating an efficient detection mechanism.
Like if you think this makes sense 👍