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Isn't that pretty much what we have already with things like openSSL? Find an exploit and suddenly you've exposed everyone. I don't think public bounties would change any of the dynamics around this situation.

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With the current system, if you're using an exploit(especially for gain), you're a criminal.Not so when using pinata.

Also , pinata exposes all hacks in public, unlike today.

My point is that I don't believe any of the dynamics would actually change. White hats would still report issues (they're not necessarily doing it for the money) and nefarious types will still trade/sell exploits.

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