So what effect is this going to have on Bounty Hunters that already have capital ships, if any? I am one of many that have the Battle Cruiser but I'm concerned that a formal faction will stipulate only members can pilot such a vessel. Don't get me wrong, I'd be quite happy to join up, but one problem I have is that I'm not willing to fly around with a NCC for two months, probably replacing it many, many times. In fact, I'm not even going to consider a name change simply because I don't believe it'll ever get done.
I like the idea though, it would make sense to have central, organised list of bounties rather than factions posting their own separate contracts.