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Microsoft's bug bounty program

I like Robert Graham's analysis on Microsoft's new bug bounty program.

I would never have thought of selling vulnerabilities to the NSA (but then, I am not American and not a security researcher). Does the NSA not employ qualified people to look for vulnerabilities as their day job? Is that not like trying to sell a loaf of bread to a company whose business is to make bread?

Sometimes, you have a really good loaf of bread, but still… Regardless of whether the NSA already owns your particular loaf of bread, and independently of the payment-by-carrot-or-stick discussion, you are a competitor, not a provider.