Topic: All airdrops are ponzi schemes? - page 3. (Read 1794 times)
All ponzi schemes require some sort of investment in order to get return on your investment. And this system works as long as cash is flowing in the system new users are investing and old users getting paid. BUT in case of airdrops there is no need to invest its basically free money so you can't just compare it with ponzi scheme.
We (Licensium Team) where thinking months back on airdrop but decided to go the ico way!
Airdrops are free, ICOs usually require investment. It may not be the most original method
of distribution, but there's certainly nothing wrong with it, other than the fact that you will
tend to get the same recipients as every other airdrop.
ICO is way more "ponzi"-like than airdrops, provided the airdrops are free.
Nobody reads the OP anymore? That's the problem with signature campaigns.
Sadly but true! Thanks for pointing that out!
These days it's all about the post count. It's creating mindless zombies.
Nobody reads the OP anymore? That's the problem with signature campaigns.
Sadly but true! Thanks for pointing that out!
Nobody reads the OP anymore? That's the problem with signature campaigns.
you are wrong, airdrop does not have a triangle scheme. not ponzi as you say, you should check first before you comment, I think need insight and knowledge ..
I never said that! I ask why people saying that airdrops are ponzi schemes. You probably misread it! Thank you for your understanding!
Why are people saying bitcoin and other coins are ponzi's? These things always start out with a small group of people whether you mine or airdrop or do an ico. Arguably they are all "ponzi's".
I personally never participated in any airdrop as there are voices around that ALL airdrops are ponzi schemes!
Whats your thought about this "statement"?
Can some1 give deeper insight and background info about the airdrop principle and why some people telling its a ponzi scheme or MLM technique?
We (Licensium Team) where thinking months back on airdrop but decided to go the ico way!
Thx in advance!
APPLY FOR OUR BOUNTIES: https://goo.gl/forms/2RUJKdzx9qbWi6Kj1
INFO ON BOUNTIES: https://bitcointalksearch.org/topic/bountylicensiumdouble-earnings-signatures-referral-social-campaigns-2224387
ANN: https://bitcointalksearch.org/topic/pre-sale-started-licensing-monetizing-l-i-c-e-n-s-i-u-m-buy-now-2129844
Whats your thought about this "statement"?
Can some1 give deeper insight and background info about the airdrop principle and why some people telling its a ponzi scheme or MLM technique?
We (Licensium Team) where thinking months back on airdrop but decided to go the ico way!
Thx in advance!
APPLY FOR OUR BOUNTIES: https://goo.gl/forms/2RUJKdzx9qbWi6Kj1
INFO ON BOUNTIES: https://bitcointalksearch.org/topic/bountylicensiumdouble-earnings-signatures-referral-social-campaigns-2224387
ANN: https://bitcointalksearch.org/topic/pre-sale-started-licensing-monetizing-l-i-c-e-n-s-i-u-m-buy-now-2129844
Your argument is not only faulty but also wrong because we have seen several airdrops that have gone to be a mainstream currency and create a space for itself despite coming late. A perfect example I can think of now is GByte which was an airdrop and gained the confidence of the community and now I read where an ICO is accepting it as a means of payment along side will BTC, and ETH. To make assumption without any fault, there is need for proper understanding of what the project is all about.
It is not my argument. I ask why some people saying that all airdrops are bonzi schemes. Please pay attention and not let me look like I attacked airdrops. I don´t . I ask to learn!!!
Thank you!
you are wrong, airdrop does not have a triangle scheme. not ponzi as you say, you should check first before you comment, I think need insight and knowledge ..
I never said that! I ask why people saying that airdrops are ponzi schemes. You probably misread it! Thank you for your understanding!
I personally never participated in any airdrop as there are voices around that ALL airdrops are ponzi schemes!
Whats your thought about this "statement"?
Can some1 give deeper insight and background info about the airdrop principle and why some people telling its a ponzi scheme or MLM technique?
We (Licensium Team) where thinking months back on airdrop but decided to go the ico way!
Thx in advance!
APPLY FOR OUR BOUNTIES: https://goo.gl/forms/2RUJKdzx9qbWi6Kj1
INFO ON BOUNTIES: https://bitcointalksearch.org/topic/bountylicensiumdouble-earnings-signatures-referral-social-campaigns-2224387
ANN: https://bitcointalksearch.org/topic/pre-sale-started-licensing-monetizing-l-i-c-e-n-s-i-u-m-buy-now-2129844
Whats your thought about this "statement"?
Can some1 give deeper insight and background info about the airdrop principle and why some people telling its a ponzi scheme or MLM technique?
We (Licensium Team) where thinking months back on airdrop but decided to go the ico way!
Thx in advance!
APPLY FOR OUR BOUNTIES: https://goo.gl/forms/2RUJKdzx9qbWi6Kj1
INFO ON BOUNTIES: https://bitcointalksearch.org/topic/bountylicensiumdouble-earnings-signatures-referral-social-campaigns-2224387
ANN: https://bitcointalksearch.org/topic/pre-sale-started-licensing-monetizing-l-i-c-e-n-s-i-u-m-buy-now-2129844
Your argument is not only faulty but also wrong because we have seen several airdrops that have gone to be a mainstream currency and create a space for itself despite coming late. A perfect example I can think of now is GByte which was an airdrop and gained the confidence of the community and now I read where an ICO is accepting it as a means of payment along side will BTC, and ETH. To make assumption without any fault, there is need for proper understanding of what the project is all about.
-snip-
And Byteball airdropped to exchanges who held so much BTC, so guess for yourself if any kickbacks were involved.
-snip-
And Byteball airdropped to exchanges who held so much BTC, so guess for yourself if any kickbacks were involved.
-snip-
Since the beginning there was filtering mechanisms preventing this from happening. And it was further improved:
Inspired by my conversation with Aleš Janda (who is very knowledgeable in blockchain analysis and runs walletexplorer.com and chainalysis.com), there is a new rule for microtransaction-proven bitcoin addresses:
- if the address had more than 50 transactions in the last 3 days, it is rejected. Linking by signature is still possible.
Such frequent transactions are common for exchanges and other shared wallets, and the rule prevents its customers from linking the shared address by doing a withdrawal.
This adds to the other two rules that serve the same purpose:
- if the microtransaction has more than 2 outputs, it is rejected (with the exception of Electrum 2fa transactions that have 3 outputs), because exchanges often aggregate several withdrawals into a single transaction
- if the same address was already linked before by another user, the new link is rejected and the old link is canceled. This applies only to tx-proven addresses, and the reason for this rule is that for sufficiently popular exchanges, there will likely be more than one user who tries to cheat.
The two old rules were good enough at filtering large well known exchanges but a small number of addresses of smaller exchanges were still linked. The new rule is to filter them too.
- if the address had more than 50 transactions in the last 3 days, it is rejected. Linking by signature is still possible.
Such frequent transactions are common for exchanges and other shared wallets, and the rule prevents its customers from linking the shared address by doing a withdrawal.
This adds to the other two rules that serve the same purpose:
- if the microtransaction has more than 2 outputs, it is rejected (with the exception of Electrum 2fa transactions that have 3 outputs), because exchanges often aggregate several withdrawals into a single transaction
- if the same address was already linked before by another user, the new link is rejected and the old link is canceled. This applies only to tx-proven addresses, and the reason for this rule is that for sufficiently popular exchanges, there will likely be more than one user who tries to cheat.
The two old rules were good enough at filtering large well known exchanges but a small number of addresses of smaller exchanges were still linked. The new rule is to filter them too.
you are wrong, airdrop does not have a triangle scheme. not ponzi as you say, you should check first before you comment, I think need insight and knowledge ..
I don't think airdrops are ponzi-schemes but they are premined scams.
People are trusting the devs that they'll distribute the coins fairly while there are no guarantees at all for that. And cryptos should be absolutely trustless so airdrops (and ICOs) are taking a huge step backwards.
Also, people can buy bitcointalk accounts (legal but discouraged) and participate in airdrops multiple times.
So the "devs" might have 50 sockpuppet accounts they ask coins to. It's basically the next iteration of the "x% premined" scam as it is not that transparent.
People are trusting the devs that they'll distribute the coins fairly while there are no guarantees at all for that. And cryptos should be absolutely trustless so airdrops (and ICOs) are taking a huge step backwards.
Also, people can buy bitcointalk accounts (legal but discouraged) and participate in airdrops multiple times.
So the "devs" might have 50 sockpuppet accounts they ask coins to. It's basically the next iteration of the "x% premined" scam as it is not that transparent.
Apparently that is what NEM did. They try to deny it, but when it is pointed out that they refused to even use Facebook verified accounts, they just claim that verifications were done but don’t provide any independently verifiable objective proof.
And Byteball airdropped to exchanges who held so much BTC, so guess for yourself if any kickbacks were involved.
EOS runs a year long ICO “no rights token sale” ostensibly so they can buy said “tokens” from themselves.
Much better they did not try to hide the centralization of the money supply and the control over the ledger, e.g. Byteball’s 21 witnesses are thus elected and controlled by these whales (and thus receive all the transaction fee income).
there was an airdrop for decred, but decred is really a good coin
Seems I had a debate with them some months ago on BCT and it was analysed how their system is really designed for the whales to control and milk.
Y’all are so gullible.
Quote from: myself
I want to reiterate that even if the money supply of [OUR TOKEN] is centralized, the power over the consensus algorithm remains decentralized and controlled by the transacting majority (automatically & objectively, not by voting). This is what makes our decentralized ledger technology so superior as well as the performance.
there was an airdrop for decred, but decred is really a good coin, so not all the airdrops are ponzi schemes
Airdrops are a brilliant way to build a network.
You could call it a "reverse ICO model".
The only way a token/coin takes off is if you have enough users.
By GIVING AWAY tokens, holders have the option of using it without investing any money upfront.
If they use it, and like it... a certain percentage will continue using it and become core users.
Best run Airdrop I've seen so far is in my SIG.
You could call it a "reverse ICO model".
The only way a token/coin takes off is if you have enough users.
By GIVING AWAY tokens, holders have the option of using it without investing any money upfront.
If they use it, and like it... a certain percentage will continue using it and become core users.
Best run Airdrop I've seen so far is in my SIG.
Well if you need to care a signature I wouldn't call it airdrop m8
That´s what 80% in this thread are saying... Airdrop is FREE caring a signature is a service and maybe called bounty!
Airdrops are a brilliant way to build a network.
You could call it a "reverse ICO model".
The only way a token/coin takes off is if you have enough users.
By GIVING AWAY tokens, holders have the option of using it without investing any money upfront.
If they use it, and like it... a certain percentage will continue using it and become core users.
Best run Airdrop I've seen so far is in my SIG.
You could call it a "reverse ICO model".
The only way a token/coin takes off is if you have enough users.
By GIVING AWAY tokens, holders have the option of using it without investing any money upfront.
If they use it, and like it... a certain percentage will continue using it and become core users.
Best run Airdrop I've seen so far is in my SIG.
My friend got $600 becaus just aof airdrop
Not all but some airdrops are definitely ponzi schemes, but we need to understand that these airdrops are meant to keep the speculation around to get people on the market for the articular project...its more of an incentive to keep the receivers bringing out the hype to potential investors.
There are lot of them popping up lately. I think we might need another section dedicated just for Airdrops. I haven't personally participated in any of them due to no future development.
I personally never participated in any airdrop as there are voices around that ALL airdrops are ponzi schemes!
Whats your thought about this "statement"?
Can some1 give deeper insight and background info about the airdrop principle and why some people telling its a ponzi scheme or MLM technique?
We (Licensium Team) where thinking months back on airdrop but decided to go the ico way!
Thx in advance!
APPLY FOR OUR BOUNTIES: https://goo.gl/forms/2RUJKdzx9qbWi6Kj1
INFO ON BOUNTIES: https://bitcointalksearch.org/topic/bountylicensiumdouble-earnings-signatures-referral-social-campaigns-2224387
ANN: https://bitcointalksearch.org/topic/pre-sale-started-licensing-monetizing-l-i-c-e-n-s-i-u-m-buy-now-2129844
Technically, all of the Altcoins that are doing the airdrops now a days are trying to get more people to purchase what they are distributing to all the partnered Bitcoin Exchanges. They will sell their coins once they get a huge amount of money from project.Whats your thought about this "statement"?
Can some1 give deeper insight and background info about the airdrop principle and why some people telling its a ponzi scheme or MLM technique?
We (Licensium Team) where thinking months back on airdrop but decided to go the ico way!
Thx in advance!
APPLY FOR OUR BOUNTIES: https://goo.gl/forms/2RUJKdzx9qbWi6Kj1
INFO ON BOUNTIES: https://bitcointalksearch.org/topic/bountylicensiumdouble-earnings-signatures-referral-social-campaigns-2224387
ANN: https://bitcointalksearch.org/topic/pre-sale-started-licensing-monetizing-l-i-c-e-n-s-i-u-m-buy-now-2129844
Well I started to seriously discuss it with the team to maybe make an airdrop for our projects after reading all the response to this thread here... Maybe its a good idea to strengthen the community... I just do not want to make this step until I´m convinced its the right thing to do and its not a scam sign or ponzi scheme...
Some people say Bitcoin is a ponzi scheme. When some people do not understand an economic system, they say it is a ponzi scheme.
It is in economy like the Godwin point in politics.
It is in economy like the Godwin point in politics.
Jump to: