Earlier quoted context omitted.
If you want hackers to report you vulnerabilities via Yahoo Bug Bounty Program, at least pay more than 50$ for a minimum bounty, 50$ is a joke https://hackerone.com/yahoo ...
I view bug bounties as more of a conscious nod towards responsible disclosure than anything else. I sincerely doubt anyone could make a competitive living off of bug bounty programs (even accounting for the legal grey area of selling vulnerabilities) so the economic incentive argument seems really silly to me. In contrast, if you've ever tried to responsibly disclose a vulnerability and gotten a threat from the legal…
I personally think that the opening created for those without the educational or economic opportunities available to developed world researchers is the best side effects of bug bounties.