I agree that unintended consequences should always be a concern. The author seems open to discussion about this (I want to start a conversation about the need for dedicated investment in error detection and correction. There are alternatives to bug bounties — for instance, making error detection its own viable career path and hiring full-time scientific staff to check each institute’s papers.).
Sounds like an effective way to reward the creation of same.
https://en.m.wikipedia.org/wiki/Perverse_incentive