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Having given up on the original argument ("Bounties exist to make it nominally more economical for researchers to report exploits than it is to resell them.") you've now transitioned to a new one: that vulnerabilities can be used by the hackers who find them to plan heists. And that is true. It doesn't set any kind of market-clearing price, and selects for actors who are comfortable ending up in prison, but it is indeed a statement that aligns with reality.
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My original comment explicitly said “selling or exploiting them for profits.” You are just ignoring the second half for some reason.

I think you need to breathe a bit and then re-read my comment. I’m not coming at you, I’m saying that what an exploit sells for and what it could cost a company if exploited are entirely different things. That’s where you’re hung up.

Companies have an obvious financial incentive to encourage discovery and disclosure before exploitation.

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I just don't care at this point. We're talking past each other. I quoted the argument that I was responding to, in the comment you just replied to.
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You think that most security researchers that can find an exploit are all willing to commit a heist with that exploit?

I’m not in the security industry but that strains credulity.

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Where did I say that? Being capable of exploiting something and willing to are two different things.

The point is that bounties create an incentive to find and disclose vulns. That doesn’t require a black market for the exploits.

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“Someone capable of finding a serious vulnerability is probably capable of exploiting it themselves. They don’t need a buyer.”

I’m responding to this. I would assume the list of people able to find a vulnerability is much much greater than the number of people willing to do a one off heist with it.

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What you’re responding to and what you’re saying it says are two different things.
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Sounds good. Thanks.
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