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No.... this is NOT entirely true....

Bounties last for as long as it takes for them to be paid out... up to forever.

The only time bounties are refunded:
A.) it is boutny on a corps/alliances which disbands....
or
B.) it is a bounty on a character that goes inactive (account wise) for 5 months. I assume character death would count as going "inactive", but this is not verified.

Source:

Not sure if this has been mentioned yet. It is one hell of a threadnaught here.

I had an idea about the bounty system.

Based on what I have read in Dev blogs and other threads, It seems the CCP team is putting more effort into closing the gap between PVP and PVE lately.

The idea of players paying out bounties when killed could be a great source of income for PVPers. This bounty system sounds really cool, but it seems to me that the pay outs will be very small. Possibly to small to be worth the effort of hunting them down.

If you spend the time and effort to hunt down a player with 10 billion bounty on his head you only get a bounty payout equal to a small portion of the value of the current ship they are flying. That 10 bil bounty would most likely keep growing as it will be added to, much faster than it is payed out. But this could be a good thing.

My vision is to have player bounty payouts comparable to the bounties payed by ratting. PVPers could actually make isk for PVP by killing other PVPers. in normal PVP fights, not just hunting them down as a bounty hunter. This would probably require CONCORD to add a default bounty to each player for each player ship they killed. On top of the bounties applied by players.

My idea is to adjust the payout according to how dangerous the player is. This can be done in a very simple way. A simple tracking of a players kills and deaths could be used to determine how "good" of a PVPer that player is. This would be exploitable to artificially increase they players danger level, but if done right would not hurt the game. A player who shoots an alt to increase his own threat level will just make himself more of a target resulting in more deaths bringing the numbers back down.

Each player would have a danger/threat score or what ever you want to call it. Say for every 100 kills the player gets a danger point. The bounty payout on that player would be increased by a %, as little as 1% or as much as 5% depending on the balance needed. Every 10 deaths would likewise drop the danger score by 1. This way killing an actual PVPer with many kills will net you a decent income, while killing a carebear who somehow got a big bounty on their head would pay much less.

This way players with high kills, basically most decent active PVPers, would also pay higher bounties. Without getting to the point of paying more than their ship is worth. Put a cap on the bounty of 50-60% of the value of their ship. Most null sec PVPers make isk to buy their PVP ships by ratting to collect bounties.

Would it not make sense if they could get this same income by killing other PVPers? It would take time for the threat/danger levels and bounties to build up. But once they did PVPing could create income comparable to ratting. With the highest skilled PVPers paying out the biggest bounties, just like faction and officer spawn rats payout bigger than the average rats.

Less skilled PVPers could still go ratting to supplement this income until their skills get high enough to make their isk strictly from PVP.

Anyone else think this would be a cool way to make isk?

I have played this game for a while but never done the bounty hunter thing so, i have question. can u shoot a bounty anywhere or just 0.4 and below?

Its not working right now. Overview and Local is bugging out, can't find people to kill.

And therein is the conundrum.

Eight years I've flown in New Eden space & I don't ever recall having a bounty placed upon my head until last night - a frivolous 100k "***** & giggles" bounty at that. For what? Unknown - most likely because my name appeared above his/hers in the local channel. I certainly had no interaction with them at any point previous to the bounty being placed upon my head.

The issue for me initially was: does having a bounty make me any more of a target for unprovoked attack in high-sec space [without CONCORD intervention] than before? After much research & with some relief, it appears not. It doesn't make me feel any better -- admittedly & oddly enough there's a psychological factor at play here as well.

I'm not happy about these changes -- esp since any Tom/****/Harriet [funny D-ick gets parsed out] can randomly bless you with a frivolous bounty at will or without provocation regardless of your security status. Allow this to go unchecked & I can foresee the situation where a character starts collecting an inordinate amount of 100k "***** & giggles" bounties over an extended period of time, eventually amounting to tens or hundreds of millions of ISK or more [now it becomes a more serious matter & a greater inducement for ganking in high-sec space].

If this is what CCP wants, may I suggest dispense with the niceties of it all & give every capsuleer [& their alts] a 1B ISK bounty, lock up CONCORD for a couple months & let MAYHEM rule supreme in high-sec space until the dust settles [or New Eden is littered with so many corpses that you'd need a snowplow to get anywhere]. I'm sure your subscriptions would take a serious hit.

Since CCP is unlikely to step back on this one, may I suggest a mechanism for 'surrendering' to the authorities [CONCORD et al] to have these nuisance bounties expunged from ones character -- call it "house arrest"?
Perhaps by paying a fine or voluntarily surrendering pilot privileges for a period commensurate with ones security status applied to a base time value per 100k bounty 'forgiven': say where a security ranking of -5.0 applies a 12/6 time period multiplier; a -4.0 applies a 10/6 multiplier; a 0.0 applies a 6/6 multiplier; a 5.0 applies a 1/6 multiplier; & with all others in between being applied proportionally [the time value I was thinking of could be a 24 hr period].

For the one who placed the frivolous bounty, knowing 100% of their ISK goes to CONCORD rather than a bounty-hunter might give them pause to think twice before giving some random capsuleer a frivolous bounty for "***** & giggles" -- esp. to those with high security rankings.

To posters above me, Why /shouldn't/ I be able to register a payment for killing anyone, with a third party?

With ISK to burn, I can be eccentric and decide that today, flying a vexor is a reason to set people after you. It's not like I'm getting a official agency to go after you. It's /all/ mercenaries.

Frivolous bounties don't effect your game one bit. No one wants to be Concorded to go after your 100k bounty, or even in some cases your 10M bounty.