NYC already tried Snitching as a Service during COVID, and it went terribly. I grew up with a neighbor who would constantly record people and call the cops over every little perceived infraction. Everyone in the neighborhood hated her, including the cops. I do not want to live in a society that encourages those people.
I definitely agree it can go too far. Maybe only allow bounties for active, dangerous crimes like speeding, drunk driving, and racing?
Seen this recently, the Citizens filming other people and their cars in public, presumably for their crimestopper social media app.