BTC HODLers are getting all the new technologies for free! Why? - page 2.

20kevin20

legendary

Activity: 1134

Merit: 1599

I have missed all BTC airdrops unfortunately. Sold my BTC for alts at the wrong time every single time a new airdrop came out. A few thousand more bucks wouldn't have sounded bad at all.

I remember this happened with BTX (BitCore) too. I still have a few thousands (bought, not airdropped) laying in my wallets. 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.

Investors put their money on these coins because they want to hold more. Example: holding 10BTC would have airdropped you 10BCH. If you compare the prices of these two, you'd have a good idea why 10BCH is nothing for someone who holds assets worth >$65k. Moreover, there are shitcoins like KICK that need a boost. Give people your coins for free to make them interested in your project => accummulate new fools.

SpaceSuite

member

Activity: 86

Merit: 27

Quote from: DutchDemon on March 24, 2020, 02:56:34 PM

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?

Not only these. Ripple created a payment protocol, which was forked by Stellar, while XLM was airdropped to bitcoin holders. This is happening for long.

Moral of the Story: HODL Bitcoin and everything will eventually drop on your lap.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

It is a very simple marketing strategy

First Bitcoin holders are the initial believers and scooters of cryptocurrency. Startup will target the existing database rather creating a new.

Second Bitcoin has the largest marketcap which men's more adopters. Creating a marketcap for themselves will be easier if they airdrop the existing Yorkers.

sunsilk

hero member

Activity: 3038

Merit: 634

They go for bitcoin because the holders-based is huge and it's a plus for them to attached their projects or forks or whatever technologies they are implementing on it.

It's easy for them to be recognized because it's bitcoin, as simple as that. Get close to the king and you'll be recognized by everyone that's living in that community. Why is it that this is such a big deal for some? those forks are not even worth it.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

OP, I know thinking can sometimes feel difficult and scary but with counselling, intense prostate massage and lots of physio you too can learn to use the big squishy thing inside your skull that tells you things at night.

White Christmas

sr. member

Activity: 882

Merit: 258

★Bitvest.io★ Play Plinko or Invest!

Quote from: hatshepsut93 on March 25, 2020, 05:09:05 AM

It's like asking "why would people buy iPhone if they can buy chinese noname phone for $50"? Ethereum pioneered smart contracts, and it has seen countless attempts to dethrone it and still it's #1 in that field. Same is happening with BAT. And Bitcoin itself still dominates the crypto market despite thousands of coins trying to kill it.

But almost no one holds Bitcoin to get "new technology" from aidrops. I don't even bother claiming any airdrops after BCH/BSV, it's simply not worth the time. People hold Bitcoin because all that "new technology" isn't really useful and its often plagued with security problems.

Maybe that would be conclude as one of the none reason by the people but for some people they are holding bitcoin just because they believe that this is a kind of investments in which they can earn money and also there is the assumptions of many that they are believing on the new technology that would bitcoins will be brought especially we are here now on the digital generation in which digital works can apply.

hatshepsut93

legendary

Activity: 3038

Merit: 2162

It's like asking "why would people buy iPhone if they can buy chinese noname phone for $50"? Ethereum pioneered smart contracts, and it has seen countless attempts to dethrone it and still it's #1 in that field. Same is happening with BAT. And Bitcoin itself still dominates the crypto market despite thousands of coins trying to kill it.

But almost no one holds Bitcoin to get "new technology" from aidrops. I don't even bother claiming any airdrops after BCH/BSV, it's simply not worth the time. People hold Bitcoin because all that "new technology" isn't really useful and its often plagued with security problems.

pooya87

legendary

Activity: 3472

Merit: 10611

a useless copycat coin or a garbage token has to give away certain amounts to people to force them to get involved and increase its trading volume (dumpers) so that it could be listed on some exchanges. otherwise they would simply die in birth.
one of them easiest way to perform such giveaways is to give it to those who own bitcoin and based on how much bitcoin they own. which is why many of these shitcoins use this method.

Cnut237

legendary

Activity: 1904

Merit: 1277

Quote from: DutchDemon on March 24, 2020, 02:56:34 PM

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.

You can't compare Ethereum to SLP. Well, I mean, you can, but you really shouldn't.

Ethereum is a Turing Complete smart contract platform.
SLP is just a very basic method of issuing tokens, it's ERC20-lite.
Not the same thing at all.

I'm not saying SLP is a bad thing. It's not, it's a great way to get basic tokens out, it's perfect for that sort of thing, it's perfect for what it does, low fees and scalability are nice too, but it just doesn't have the sophistication or scope of ETH. They may seem superficially the same if you are looking at them as just 'things' that tokens can sit on, but really they are very different.

I'm rubbish at analogies, but say ETH is a car roof and SLP is a sheet of metal. Tokens on both are sitting on flat metal surfaces, it's just that one has a fully-functioning car under it.

You can write any code you like on ETH; its functionality and potential go way way beyond being merely a 'thing' that tokens can sit on. SLP mimics a small part of ETH, that's all.

DutchDemon

jr. member

Activity: 115

Merit: 4

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?

Topic: BTC HODLers are getting all the new technologies for free! Why? - page 2. (Read 501 times)