I’m hearing you, but I fear that the reason bounties don’t work in eve is because isk is always going to be a pointless reason to fight.
The only people who care about risk in pvp are the fat feeble who worship killboardz stats. Real men don’t care about the numbers. Real men fight for honour, and bragging rights.
Think about why you out a bounty on a person. It is not to see their ship blow up. It is to humiliate your enemy and make him regret the day he raped you in all your holes and stole your stuffs.
The other reason bounty hunting doesn’t work is because it presumes that Eve is the sort of game where folks can’t dock up and spin ships and chat, as a valid play style. The bounty hunter can’t force the prey into combat. He can’t wait for him to need a dump, and set upon him when he stumbles to the outside crapper at 3 am. Which is how grandpa always did it.