Shank
9 hours ago
> To the companies: You don’t need HackerOne anymore. The tokens to build your own in-house platform cost less than single year of HackerOne.
You know, the biggest thing that HackerOne delivers is a universal payments system that requires absolutely no efforts from companies. Have you tried to manually pay hackers from around the world? It is a laborious process involving trying to find what providers are compatible and what forms of money go where. It is extremely taxing to handle this. HackerOne provides real, tangible value in not making people think about how precisely to pay a hacker and in what currency. No amount of tokens solve the accounting problem, and it is foolish to imply otherwise.
jjav
5 hours ago
> universal payments system that requires absolutely no efforts from companies.
Indeed. I use a third party company (not HackerOne) to handle our bug bounty and the primary reason is so they handle all the payment hassles, I don't need to be involved. They also handle all the screening for false positives, which in the AI age are exploding. I also don't want to deal with that.
In general I lean towards building in-house, but this is one area I'm happy to oursource all the busywork.
GeneticGenesis
3 hours ago
Yep, spot on - this and some level of inbound filtering are the only reason we use an external platform.
That said, with the volume of inbound reports coming from LLMs, the signal-to-noise ratio has plummeted, and the time taken to triage has gone through the roof.
icantevenhold
7 hours ago
This and the pre-triage are the only reasons we even use a bug bounty platform.
If paying out bounties was easy I would do it all via email; but as you said it’s almost impossible to do (unless you are maybe bigcorp and have a team just for that)
maccard
5 hours ago
I worked at a big corp and we paid out randoms for a program (not bug bounty). It was an absolute minefield, people would lie to us about where they were located only for us to find out they’re in <insert sanctioned country here> and then legal tells us we have to pay them but we’re not allowed to at the same time.
Outsourcing all that mess is a great use of money.
icantevenhold
4 hours ago
Yea we also handled it ourselves the first couple years but it was so painful. Literally the same thing you described happened - as well spending weeks+ how we need to file it as tax when we pay bounty to someone in Pakistan etc.
weird-eye-issue
3 hours ago
Are you in the US? You simply collect a W8 from them that you keep on file and then the payment would be counted as an expense on taxes. We do payout to hundreds o f affiliates every year and this is how we handle it, it's really not complicated. The actual payments are done via Wise batch payments which just requires their email address.
kay_o
4 hours ago
My largest problem with H1 is how braindead scripted/AI their triage is.
- Starting scenario: no way to contact a company outside of H1 (or some other managed programme)
- The company is compromised, their customer support has no idea what this means, they have no security.txt or any other security contact
- I have explicitly told H1 to just forward it with no bounty, I don't want a bounty, only remediation, I do not care about a bounty or any reward
- H1 closes as "not eligible" and tells me to not submit stuff I can't prove it's my compromise by putting my username on it
- Corporate server is still compromised and being used as a proxy to brute force my services
brumbelow
5 minutes ago
I'll take 'things that didn't happen' for $1000, Alex
> The company is compromised, their customer support has no idea what this means
Oh gracious hunter, bestow upon us the knowledge that of which only you can bestow
gchamonlive
an hour ago
This (money transfer) is one thing Pix would solve trivially.
nonethewiser
an hour ago
Any universal system would. The problem is there isnt a universal system.
gyanchawdhary
3 hours ago
Interesting. Do you think they are using something like Deel/Stripe to handle a lot of this ? i mean to figure out the "paying ppl around the world" complexity ... also local payment methods .. currencies .. compliance .. tax docs etc ?
rjzzleep
9 hours ago
Many solutions nowadays.
https://www.payoneer.com/ is one of them. Of course this one is a bit racist depending on which contry you were born in.
weird-eye-issue
3 hours ago
Race and country of origin are not the same
AustinDev
8 hours ago
Just pay them in stable coins. That's a solved problem.
michaelt
5 hours ago
It's not just the transfer of cash.
It's also complying with tax and employment laws in the country the hacker is in, to the satisfaction of your legal and finance teams.
Sure, in western-style legal systems you can call them a contractor and they can pay their own tax. Just don't employ them full time for long enough to trigger 'sham contract' rules that would make them employees.
But your corporate legal team doesn't have anyone trained and licensed to give advice on Tajikistan tax and employment law, so they can't approve this proposed contract without hiring an outside legal expert. And of course all suppliers, regardless of country, must agree to our anti-slave-labour policy which permits audits of...
One might say "skip that nonsense, just send the money" - but the larger the company, the more their in-house infosec becomes a load of uptight squares who love compliance and audit. And the kind of companies that can pay out five-figure bounties tend to be pretty large.
inigyou
3 hours ago
Why would you or anyone in your American company care about complying with Tajikistan law?
michaelt
an hour ago
CISO: "We're going to invite random strangers from all around the globe to hack us, and pay them for their findings"
CEO: "I'm not sure I like the idea of us inviting people to hack us - or paying a 'bounty' to hackers holding a knife to our throat. Will they at least agree to a binding NDA and terms of engagement, in advance?"
CISO: "No, they won't."
CEO: "Well, at least if the hackers are in poor countries, a $500 payout for a critical bug will be plenty, right?"
CISO: "No, critical issues will be 10-100x that"
CEO: "Well will the average quality of these reports better than those we get from our hired pentesters?"
CISO: "On average these will be the lowest quality reports you've ever seen. But 0.1% might be gold. Oh, and I need to hire 3 more guys to sift through these terrible reports. Also our sifters might miss the gold."
CEO: "Oh. Well at least we won't be breaking the law though, right?"
CISO: "Uh, about that..."
ofjcihen
3 hours ago
Less about that. More about “not accidentally funding terrorism” (or, more realistically, not giving money to sanctioned countries which can have significant consequences).
victorbjorklund
8 hours ago
PITA for a large company to handle stable coins etc with accounting, etc
fuomag9
7 hours ago
Also PITA for people as well, we have a 33% tax on crypto selling here in Italy on profits…
Jommi
6 hours ago
stablecoins arent crypto in EU anymore, its e-money. No tax on converting to euros.
inigyou
3 hours ago
IIRC all cryptocurrency that's money is money (so bitcoin, ethereum, etc but not necessarily project-specific tokens) and if you happen to make or lose money on a currency conversion it doesn't have tax implications.
tonyhart7
6 hours ago
why its fucking high ??
michaelt
5 hours ago
Italy has progressive taxes on salary, with marginal rates from 23% to 43%. The latter on income above €50k
And if you've got taxes like that on earned income - shouldn't people with unearned income pay just as much? If your tax on investment gains is too small, you end up with an economy where the salaried worker renting a house pays more tax than their landlord, who owns ten houses.
freeone3000
an hour ago
I think America’s tax policy and redistribution scheme have made it the country where private individuals have the most money in the world - and that saying the landlord should pay just as much tax disincentivizes wealth concentration!
bdavbdav
6 hours ago
Same in a lot of countries - he said profits - it’s a taxable gain like any other asset or holding.
reddalo
6 hours ago
I don't know. It used to be 26%, like capital gains from shares, securities, etc. but since 1st January 2026 crypto is taxed at 33% unless it's euro stablecoins (still 26%).
At this point, I think most crypto investors in Italy will just evade taxes altogether.
dolmen
5 hours ago
But we are talking here about assets you just receive. Not buy and resell.
jaapz
5 hours ago
You can't buy bread with stable coins
Jommi
6 hours ago
Im working on a solution to this. If you are interested pls email me at jommi(at)megaeth.com
MikeNotThePope
8 hours ago
Buying stable coins is a mild pain because so many banks think crypto is radioactive. Then you have to wait for your deposited funds to completely settle before you can withdraw the crypto from your account and send it elsewhere. Doable, sure. Easy & convenient, not so much. I wouldn't call it a solved problem in the same way you can hand someone cash, tap to pay with your phone, or pay by scanning a QR Code.
Jommi
6 hours ago
Not anymore! Most places allow this very easily now.
rvz
4 hours ago
Exactly. Revolut is a bank that allows cryptocurrencies.
HN really is living in their own bubble.
freeone3000
an hour ago
For those who can’t use Revolut: WealthSimple in Canada and Chase in the US offer custodial cryptocurrency accounts.
interactivecode
4 hours ago
Revolut does not have a banking license in the US. At the moment they are a front for another bank. Don't be gullible and believe blindly what the marketing departments tell you.
Shorel
4 hours ago
It works in Europe, which is one of the few advantages we have over the US.
rvz
an hour ago
> Revolut does not have a banking license in the US.
The US is not the entire world.
Revolut has major banking licenses in Europe, UK and Mexico. That doesn't mean it is not bank.
Wells Fargo does not operate in the UK, but it is still a major bank in the US and it is still a bank.
Royal Bank of Scotland (RBS) is a bank in the UK. Just because it doesn't operate in the US, does not mean it isn't a bank.
> Don't be gullible and believe blindly what the marketing departments tell you.
Revolut is still a major bank even if they don't operate in the US (yet).
stavros
4 hours ago
No it doesn't. You can gamble with it, but it doesn't let you own or send it.
rvz
2 hours ago
> No it doesn't.
Yes it does.
> You can gamble with it, but it doesn't let you own or send it.
You can deposit (receive) and withdraw (send) cryptocurrencies there.
"Owning" is a matter at the private key level which of course you use a self-hosted wallet for "true" ownership. But no argument was made on ownership.
My point still stands that Revolut is a bank that allows cryptocurrencies.
stavros
2 hours ago
It doesn't let me, it says says sending crypto is temporarily blocked. Maybe they just blocked me.
DonHopkins
7 hours ago
Skip the crypto, cut out the middle man, and just pay the hackers in cocaine directly from the board of director's supply.
olelele
3 hours ago
Probably a similar ecological footprint to Bitcoin too...
_trampeltier
7 hours ago
You got downvoted, but sadly we have 2026 and it's still not easy to send money to any bank in the world. You can say a lot of bad things about the crypto world, but thats a problem Bitcoin solved two decades ago.
tonyhart7
6 hours ago
bitcoin is neither cheap and stable
reddalo
6 hours ago
Nor safe. Good luck recalling a wrong crpyto transaction.
_trampeltier
a few seconds ago
That was not my point. Money with bancs also not, if it would be so easy, there would be no problems with nigerian oncles and so on. Good look get your grandmas scammed money back.
inigyou
3 hours ago
If the recipient is identifiable they legally have to give the money back and you can press charges if they don't.
dsr_
2 hours ago
And if the jurisdictions don't have a treaty?
stavros
4 hours ago
Can't do that with cash either, yet lots of people are using that.
ShinyLeftPad
3 hours ago
it's a problem only if you can accidentally 100 000 dollars in cash, most of us can't (the amount of paper makes it tricky)
rvz
4 hours ago
> Good luck recalling a wrong crpyto transaction.
No better than recalling a wrong bank transfer or Zelle transaction.
ShinyLeftPad
3 hours ago
Wrong bank transfers can't get recalled? I know I disputed a debit card transaction and got my money back the other month
Hugsbox
3 hours ago
In Canada, every bank has Interac e-Transfer, essentially we can easily email or text either other money. It's really wicked, and I'm always amazed other places like America don't have it built into their bank accounts and have to use 3rd-party apps to handle sending money to each other.
But anyway, the point is that it tells you every single time you send a transfer that way to be careful, because you can't undo a transfer after it's been sent. I'm assuming it's the same for most methods of bank transfer? I mean, debit transactions are surely a different beast.
inigyou
3 hours ago
Banks can always try to undo a transaction - it's just not guaranteed to work. AFAIK, credit/debit card reversals are always reversible because if the merchant doesn't have the money, it becomes their bank's problem to get the money or eat the loss. This works because the merchant is easily identifiable, well known, and has a reputation to uphold (at least to their bank). Other methods of transfer don't come with such contractual protection, but can still have best-effort.
ShinyLeftPad
2 hours ago
They can. Maybe in some jurisdictions they don't have to so they try to avoid it. But if there is crime involved for example, they can be required to do what's inconvenient
AureliusMA
2 hours ago
Most bank transfers cannot be reversed without agreement between parties. You're using a b2c mindset for a b2b problem. Bitcoin is a b2b tool.
ShinyLeftPad
2 hours ago
Bangladesh bank got its reversed when hacked by NK. Does that look b2c?
freeone3000
an hour ago
The method of “reversal” was sending the money back, because it was a transfer between banks. The actual method of transfer or underlying currency is of no import in such circumstance.
inigyou
3 hours ago
Literally just pay them in bitcoin. They're hackers, they'll be able to handle it.
StilesCrisis
19 minutes ago
That solves the literal "how to pay" but so does an envelope full of cash via FedEx. That's not the actual complicated part of legally paying someone for contract work in a foreign possibly-hostile nation.