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serious question: why would any rational actor participate in this? if you actually had an underhanded exploit, you would sneak it into an actual ICO. sure, it would require a bit more work (thinking up a plausible purpose for the token), but i'm sure you can partner up with someone good for that. it would have better payoff than 10 tokens or a pass to a convention. all this can be done anonymously and would leave the victims with little recourse, assuming the etherum developers don't pull off another DAO "fix".

this is as opposed to the underhanded c contest, where it's much harder to monetize an exploit, since getting access to the code and/or cashing out requires some sort of interaction in meatspace (getting hired, then turning the exploit into $$$ respectively).



The same reason people participate in bug bounty programs instead of exploiting the bugs themselves: ethics/morals are important to that person.




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