Topic: BTC HODLers are getting all the new technologies for free! Why? (Read 501 times)
Not just bitcoin, there are many projects that decide to give free tokens for holding some old altcoins like LTC, Stratis and many others, you aren't just looking enough and all you could see are the benefits of holding bitcoin only
January 11, 2021, 07:51:06 AM
I think it's a new strategy to pump their site However, it is great that BTC HODLs are getting new technology for free This will make it easier for holders to trust their token market and reduce the chances of being scammed. Airdrops will be better than before. This is a good time to take advantage of this opportunity to develop new coins.
Most of the Bitcoin airdrops actually did moonshot at some point. 
I think it's a new strategy to pump their site However, it is great that BTC HODLs are getting new technology for free This will make it easier for holders to trust their token market and reduce the chances of being scammed. Airdrops will be better than before. This is a good time to take advantage of this opportunity to develop new coins.
If every new tech in crypto field goes to BTC HODLers for free, why would people invest in new tech?
Long time BTC holders are the oldest gang that first believed in Crypto assets. Hence, it is rightfully deserved by them to get airdrop of new coins. Moreover, these airdrops make sure that new techs in Crypto industry get battle tested in the hand of long timers. That's a plus for that tech itself.
That is why, I dont see anything wrong for new tech coins to be airdropped to BTC holders.
Look at BAT. They implemented in-browser ad through Brave browser and rewarded end user. Now, BTC airdrop CPD Token is going to do the same through CPD Browser. BTC HODLers got it for free.
Brave browser has received accolade from various parts of the industry. But, the bottleneck for their token, i.e. BAT, has remained KYC requirement. First, Dissenter browser forked them and replaced BAT with Lightning payment. And now, CPD Project is forking them and replacing BAT with CPD Token, which will be airdropped to BTC HODLers.I dont know much about most of the rest. But, this CPD Token appears to have good utility. This, along with Bitcoin like limited supply of 21m CPD Token, will probably make it valuable in the long run...
True. KYC is a BIG bottleneck for Brave and today or tomorrow, this fork was bound to happen. But, Brave's partnership with Binance is definitely a fresh air for BAT hodlers.
BAT is steadily going down though.
Also, comparing ETH which is mainly used for smart contracts and dapps whereas bitcoin has always remained to be mainly an asset and store of value. It’s like comparing a Swiss Army Knife to a hammer or whatever—two completely different things.
OP has compared token issuing on Ethereum's blockchain with SLP Tokens on Bitcoin Cash blockchain. I think, they effectively do the same thing.
it's not just a matter of technology, but also a profit. we realize that new technology brings us to profit, even more so if it is the technology needed today. although bitcoin holders will get it for free, but, I think the entrepreneur's soul will not stand by and see something that will soon be popular before their eyes. Well, that is an opportunity.
This is actually one of the things devs do in order to garner some interest on their project: give tokens to hodlers in order to increase their volume in exchanges. Also, comparing ETH which is mainly used for smart contracts and dapps whereas bitcoin has always remained to be mainly an asset and store of value. It’s like comparing a Swiss Army Knife to a hammer or whatever—two completely different things.
I don't think that Ethereum smart contracts can be compared with Bitcoin fork. And I'm sure that Bitcoin hodlers saying "I'm here for the technology" don't consider holding only as a way of getting some new coins by airdrops.
Look at BAT. They implemented in-browser ad through Brave browser and rewarded end user. Now, BTC airdrop CPD Token is going to do the same through CPD Browser. BTC HODLers got it for free.
Brave browser has received accolade from various parts of the industry. But, the bottleneck for their token, i.e. BAT, has remained KYC requirement. First, Dissenter browser forked them and replaced BAT with Lightning payment. And now, CPD Project is forking them and replacing BAT with CPD Token, which will be airdropped to BTC HODLers.I dont know much about most of the rest. But, this CPD Token appears to have good utility. This, along with Bitcoin like limited supply of 21m CPD Token, will probably make it valuable in the long run...
True. KYC is a BIG bottleneck for Brave and today or tomorrow, this fork was bound to happen. But, Brave's partnership with Binance is definitely a fresh air for BAT hodlers.
I can agree with BCH being free, because it was a fork, but those other two are airdrops, and I dont trust airdrops. Some of these requires you to signal messages directly from your wallet, which is not a safe procedure in my opinion.
Also, utility-wise, you cant compare ETH to bitcoin or any of its forks. ETH is clearly superior, and it was designed specifically for smart contracts, whereas bitcoin was meant to be a store of value.
Also, utility-wise, you cant compare ETH to bitcoin or any of its forks. ETH is clearly superior, and it was designed specifically for smart contracts, whereas bitcoin was meant to be a store of value.
Look at BAT. They implemented in-browser ad through Brave browser and rewarded end user. Now, BTC airdrop CPD Token is going to do the same through CPD Browser. BTC HODLers got it for free.
Brave browser has received accolade from various parts of the industry. But, the bottleneck for their token, i.e. BAT, has remained KYC requirement. First, Dissenter browser forked them and replaced BAT with Lightning payment. And now, CPD Project is forking them and replacing BAT with CPD Token, which will be airdropped to BTC HODLers.I dont know much about most of the rest. But, this CPD Token appears to have good utility. This, along with Bitcoin like limited supply of 21m CPD Token, will probably make it valuable in the long run...
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The more people get involved in a coin, the better chance of it to get value. BTC has the most biggest community and supporters along with a lot of holder. As a result, if they give free coin to btc holder, they have the chance to get more people in their network.
BTC hodlers did not get all of these for free. Some of the coins listed by OP required users to sign the messages with their bitcoin keys and then had a small window to claim the airdrop. Even if you registered but did not make it in those few weeks where you had to download their wallets and do all they required of you, you wouldn't get anything.
There's a big difference between claiming a fork like BCH and an airdrop like MWC.
If it hurts you just hold some BTC, problem solved.
There's a big difference between claiming a fork like BCH and an airdrop like MWC.
If it hurts you just hold some BTC, problem solved.
If every new tech in crypto field goes to BTC HODLers for free, why would people invest in new tech?
Well, every new project is either to solve a lagging problem or just leverage on the existing technology and improve on it for a proper synergy, but we mostly have in the market are majorly a mirror of an existing project aiming to dethrone the old project and this usually lead to rivalry and at the end, the weaker project keeps losing value and community. One would have expected BCH and BSV to be well over $2k with all their many shillings.
I do not believe that every project wants to solve a problem. But I am aware that every project does its best to make money. Unfortunately, as a result, the market has been filled with shitcoins. Aside from Bitcoin and 10-15 other basic projects, I don't think the rest really works.
If every new tech in crypto field goes to BTC HODLers for free, why would people invest in new tech?
Well, every new project is either to solve a lagging problem or just leverage on the existing technology and improve on it for a proper synergy, but we mostly have in the market are majorly a mirror of an existing project aiming to dethrone the old project and this usually lead to rivalry and at the end, the weaker project keeps losing value and community. One would have expected BCH and BSV to be well over $2k with all their many shillings.
When bitcoin forks tries doing something radically different than bitcoin and is venturing in the genre of another coin, we can call it a failed coin. As almost all of the popular bitcoin forks were intended to make bitcoin better or to rely more on the path of Satoshi. The team could have started a native coin if they want to do some different
I can't really believe that you can compare between BTC and ETH, GRIN and BAT.
Everything mentioned in Topic is only about using Bitcoin's image. Yes, everyone is trying to somehow reach Bitcoin holders because it is used to create a real hype.
Everything mentioned in Topic is only about using Bitcoin's image. Yes, everyone is trying to somehow reach Bitcoin holders because it is used to create a real hype.
Look at Ethereum. They implemented smart contract using which new tokens could be issued. Now, BTC fork BCH has Simple Ledger Protocol, using which one can do the same. BTC HODLers got it for free.
Look at Grin. They implemented MimbleWimble protocol for privacy. Now, BTC airdrop MWC has implemented the same. BTC HODLers got it for free.
Look at BAT. They implemented in-browser ad through Brave browser and rewarded end user. Now, BTC airdrop CPD Token is going to do the same through CPD Browser. BTC HODLers got it for free.
If every new tech in crypto field goes to BTC HODLers for free, why would people invest in new tech?
Look at Grin. They implemented MimbleWimble protocol for privacy. Now, BTC airdrop MWC has implemented the same. BTC HODLers got it for free.
Look at BAT. They implemented in-browser ad through Brave browser and rewarded end user. Now, BTC airdrop CPD Token is going to do the same through CPD Browser. BTC HODLers got it for free.
If every new tech in crypto field goes to BTC HODLers for free, why would people invest in new tech?
I don't get the point of this thread.Do you mean that people(including BTC HODLers) should pay for those implementations?
This is open source protocol.It's free to use and edit the source code.If all those "revolutionary" altcoin projects wanted to have any competitive advantage over Bitcoin,they would just patent everything and dump open source code.I guess that,in the crypto world,open source is a must and nobody would ever trust come "closed source" crypto project.
Unfortunately, the price dropped to an unimaginable level probably because of the lack of development. Now it's worth somewhere ~100x less than what I paid.
You've got to treat stuff like that like a hot potato. I remember plenty that had ongoing airdrops like byteball that had them surging week after week. As soon as they changed the strategy they fell through the floor and died.
They're the purest shitcoins out there. You have to ride the waves and jump out the water before everyone else does and no one should get sentimental about them. You never know though if there is to be another alt season some of them may spring a surprise. Could be a long wait.
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