On the flip side, you could go about doing what you're doing under the presumption nobody is maliciously targeting your user base. In this scenario, it's possible you have a couple bad actors that see a net benefit greater than your bug bounties and are silently stealing and selling supposedly secure code from your users. You could be supporting a hacker black market where they sell and trade codebases to popular online sites. Imagine how easy it would be for them to find vulnerabilities in these sites if given access to the source code.
That, my friends, would be a catastrophe.