Still someone would assume that in order to catch world goverment's attention, a candidate should have at least a 500m bounty, especially when there were definitely pirates with over a billion bounty even back then. The only other explanation is that the warlords were never meant to oppose the strongest crews but just to deal with the unending waves of weak rookies.
Which is one of their tasks....
Look at who are the Warlords....
Moriah fought Kaido and survived, rumors say that Moriah could go toe to toe.
Crocodile fought Whitebeard, at marineford Whitebeard called him troublesome. Crocodile had the power to stop any intruder on an entire nation as Alabasta.
Kuma seemed to be the right hand of the Revos captain.
Mihawk could rival an Emperor.
Jimbei is known as the Knight of the sea or something like that, strongest Gyojij indeed, he even can control whales which only king Neptune can do.
Boa leader of a whole island....
Doffy, well Doffy made his way himself..
All of them are well known pirates that were recluted when they showed their potential, not when they already did feats of 500 million berries.
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Kidd and law took an emperor down though. Nothing like that for croc as of now.
Ddid they? We know Big Mom survived.... until she was nuked.
They should get less than the half of Big Mom bounty as they didnt even win, at best 2.5 billion.