[smt88]

When people say "honor code" around me, it usually means, "Do something honorable, even though it's against your self interest."

For both white hats and Pornhub, the legal/authorized bounty system is in their interest. White hats are making less money than some black hats, but they're not constantly terrified of being prosecuted under intense anti-hacking laws. Pornhub is spending a lot less than they would if they were hacked by black hats. Both parties win.