Right, part of the idea is to close the gap in incentives for white hats looking for vulnerabilities to report and black hats looking for the same to exploit. You don't have to beat the black market price of a vuln because that route is much riskier, but somewhere at least in the same order of magnitude sounds decent.
It's not about viewing security researchers as sociopaths who will always sell to the highest bidder, the fact is there will always be criminals going for exploits and bug bounties can help not just by paying off someone that would have otherwise abused a bug but also by attracting an equally motivated team who would otherwise be entirely uninvolved to play defense.
It's not about viewing security researchers as sociopaths who will always sell to the highest bidder, the fact is there will always be criminals going for exploits and bug bounties can help not just by paying off someone that would have otherwise abused a bug but also by attracting an equally motivated team who would otherwise be entirely uninvolved to play defense.