Topic: BTX Distribution-Oct 30th (Read 3510 times)
Is this coin worth getting into? please reply. Thx
Thank you for the poll.
Kind Regards Christian
Kind Regards Christian
Nice day to get a new airdrop by the way any news about registration for past November airdrop?
I've had a chance to speak with Gwestcot and at the end of the day, we can both agree that what is important is the success of Bitcore. Despite my criticism of Gwestcot, I have to send him some appreciation for taking the time out of his life to put together this poll and give the community an opportunity to express our thoughts and give our to cents on the direction of the airdrops.
While I do agree with Gwestcot that we do need the coins to be distributed in a timely manner, I believe that an incremental increase will incentivize the community as well as get new people to want to join in.
Picture this scenario:
We adopt the incremental increase in the % of the airdrops. The month is November and Bitcore is depositing 5% BTX into our wallet? People will begin paying more attention to Bitcore. Fast forward to December and the airdrop percentage is up to 6% or even 7%. The community will be filled with even greater enthusiasm. Imagine the excitement in the air as YouTubers create videos about Bitcore (BTX), an upgraded Bitcoin with a larger block size than Bitcoin Cash that is paying 6% every Monday and all you have to do is hold at least 10 BTX in your desktop wallet. How do you think that people are going to react knowing that every Monday during the month of December that their holdings will increase by 6%.
Again, imagine that the month is now January and the airdrop has increased to 8%. How many people in the crypto world aren't going to want to join in and buy some BTX knowing that every Monday in the month of January, they will get an additional 8% of BTX deposited directly in their desktop wallets? Tell me, has anyone every seen or heard of such a proposal? The answer is most likely no, but that's exactly why it's going to work. The excitement factor will sell itself.
The percentages that I used are random numbers that I came up with. The devs can decide to use whatever percentage that they choose, but just imagine the level of excitement if we decided to use this type of strategy?
While I do agree with Gwestcot that we do need the coins to be distributed in a timely manner, I believe that an incremental increase will incentivize the community as well as get new people to want to join in.
Picture this scenario:
We adopt the incremental increase in the % of the airdrops. The month is November and Bitcore is depositing 5% BTX into our wallet? People will begin paying more attention to Bitcore. Fast forward to December and the airdrop percentage is up to 6% or even 7%. The community will be filled with even greater enthusiasm. Imagine the excitement in the air as YouTubers create videos about Bitcore (BTX), an upgraded Bitcoin with a larger block size than Bitcoin Cash that is paying 6% every Monday and all you have to do is hold at least 10 BTX in your desktop wallet. How do you think that people are going to react knowing that every Monday during the month of December that their holdings will increase by 6%.
Again, imagine that the month is now January and the airdrop has increased to 8%. How many people in the crypto world aren't going to want to join in and buy some BTX knowing that every Monday in the month of January, they will get an additional 8% of BTX deposited directly in their desktop wallets? Tell me, has anyone every seen or heard of such a proposal? The answer is most likely no, but that's exactly why it's going to work. The excitement factor will sell itself.
The percentages that I used are random numbers that I came up with. The devs can decide to use whatever percentage that they choose, but just imagine the level of excitement if we decided to use this type of strategy?
great, this is what i get for being a newb
Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
Hi! Lol
looks like we have a new poll https://bitcointalksearch.org/topic/new-poll-for-btx-distribution-oct-30th-2220345
I think the new one is more balanced and closer to the dev's plan. I really like the new one
great, this is what i get for being a newb
Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
Hi! Lol
looks like we have a new poll https://bitcointalksearch.org/topic/new-poll-for-btx-distribution-oct-30th-2220345
great, this is what i get for being a newb
Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
Hi! Lol
great, this is what i get for being a newb
Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
But please try to continue to provide quality posts to keep this forum healthy.
@gwestcot: I understand your position about the general scepticism towards projects with a huge stack of coins held by devs.
However with Bitcore I think it is important to notice that the team of Bitcore (BTX) are publicy known figures who proved themselves over and over again, especially with their very established sister project Bitsend.
It's really hard to determine what is better in the long run: a slower distribution that also helps getting people involved later on or a fully distributed coin but with the problem of a short-period of high airdrops which can also cause huge scepticism.
Such is the issues of pre-mined coins and I largely agree with what you said other than the part that they are well known figures. Only people that are hardcore crypto-enthusiasts would know them in any capacity so the casual or new people wouldn't have a clue. I just hope we can smoothly get passed this stage and get to the good stuff afterwards.
great, this is what i get for being a newb
Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
But please try to continue to provide quality posts to keep this forum healthy.
@gwestcot: I understand your position about the general scepticism towards projects with a huge stack of coins held by devs.
However with Bitcore I think it is important to notice that the team of Bitcore (BTX) are publicy known figures who proved themselves over and over again, especially with their very established sister project Bitsend.
It's really hard to determine what is better in the long run: a slower distribution that also helps getting people involved later on or a fully distributed coin but with the problem of a short-period of high airdrops which can also cause huge scepticism.
great, this is what i get for being a newb
Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
I am not sure about the rights per rank but here is the numbers for the badges.
https://bitcointalksearch.org/topic/forum-rankspositionsbadges-what-do-those-shiny-coins-under-my-name-mean-178608
great, this is what i get for being a newb
Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
Thank you for the poll.
Kind Regards Christian
Kind Regards Christian
I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.
You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.
The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.
If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.
Ya I mean that would be fine too but really my hybrid was just to compromise with what the devs wanted. I would also be more than ok with your plan as well or some variation of it. To be honest I crunched the numbers on the devs plan and it works out for me personally as well so I make out like a bandit no matter which choice we go with... I really just think that a quicker distribution if done correctly adds legitimacy to the project and it will look more attractive to new investors and old ones alike. The real value will be in development so once we figure this out then the coin can move forward in the positive direction. Distribution is always the problem with severely pre-mined coins... Honestly I would also be more than fine with just doing 10% weekly airdrop until all the coins are distributed but I really hated the plan that was chosen by the devs.
*edit* Maybe we can do their drop to BTC holders, their +25% one time airdrop, and 10% weekly airdrops going forward until all coins are distributed? That seems like an even better hybrid plan than even the original one. It is more gradual but still gets those coins distributed more quickly.
I don't have a problem with the 25% one time drop, butif the percentage needs to be decreased in order to institute a solid weekly airdrop plan going forward, then I believe that it should be adjusted. I believe that the weekly airdrops should be increased incrementally. Just paying out 10% for weekly airdrops is way too much of a jump from 3%. If the percentage is increased over a period of time, you get greater buildup of anticipation and word will spread more rapidly. Friends will message each other, "Hey the airdrop is increasing from 5% to 7% next week get some BTX into a wallet before Monday" or "The airdrop is increasing from 7% to 9% next week, you better get some BTX into your wallet before then". The exact percentage isn't the most important factor, it's the excitement that your percentage is being increased. In my opinion 5% would be a great starting airdrop and then increase upward from there. I don't think that there's ever been a crypto that has done something like that. In my opinion, it will spread like wildfire.
It is a fairly big jump in percentage but it won't cause a big dump so to me minimizes the chances of the one thing everyone fears. It then gets the coins distributed quickly and fairly to everyone from new people to old people. The incremental increases are fine but a flat rate is more simple to implement. As far as word of mouth... If 10% weekly airdrops isn't enough for you to want to come over and buy some BTX then nothing will entice you to come over. It is largely all the anticipation anyone should need for a coin that has phenomenal advantages over many of the other currencies on the market.
This message is for gwestcot:
Are you part of this project? If not, then why only list the options that you find favorable? Does someone else need to list a separate poll in order to get a bit of objectivity? You listed your own plan. Then I proposed an incremental percentage increase in the airdrops. Instead of listing that option, you starting pumping your own option of a straight 10% airdrop. If you are to take this poll on with objectivity, you need to list all of the options that are suggested, not just the ones that you would like to see happen.
My take is that you want as many coins as possible, as fast as possible. Call me skeptical, but I get the impression that you will be the first to dump your coins as soon as it arrives in your wallet. Every option that you have pushed for has to do with getting as many coins as quickly as possible. I sense an ulterior motive with you. You come across as extremely greedy and you don't care about a coin dump because you will be the first to sell. Now, if you are truly objective, you will let all of the options and not just the ones that you prefer.
Well if you would like I will make a new poll but you can't change a poll once it is made because it destroys the validity of the results. Notice how I haven't changed my plan even though after talking to people there are some different options like a more gradual 10% weekly airdrop instead of a big drop from the start. Just an FYI but if I was simply in it for more coins I would definitely earn more under the devs plan which would net me 5k more coins and holding for 8 more months wouldn't kill me at all. What I want is to distribute the pre-mined coins fairly but efficiently since for sure it will turn people off that the coin was pre-mined and the devs still control the majority of it. I will not dump this coin because it has a major future and because I am greedy I will definitely keep it for the long term. I have laid out my argument in fairly logical terms but don't come at me with accusations just because more people tend to agree with me. I usually wouldn't touch a pre-mined coin with a 100 foot stick because there have been countless scam coins that have started that way but because this one showed so much promise I invested heavily in it. There are many people just like me that are skeptical of a pre-mined coin so distributing them out is key to mitigate this negative appearance. If you want the charts comparing what I would get under the devs plan and my plan then I will be happy to show them to everyone so that you see the difference. Why do you think we are still not on a larger exchange? I think you know the reason.
edit* Additionally, I will have so many coins at the end of any distribution model talked about that I wouldn't even be able to dump them all at once due to lack of liquidity. At today's prices, I will get roughly 26 BTC worth of coins but there isn't even that much on the entire buy side right now on cryptopia.
Thank you for the poll.
Kind Regards Christian
Kind Regards Christian
I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.
You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.
The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.
If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.
Ya I mean that would be fine too but really my hybrid was just to compromise with what the devs wanted. I would also be more than ok with your plan as well or some variation of it. To be honest I crunched the numbers on the devs plan and it works out for me personally as well so I make out like a bandit no matter which choice we go with... I really just think that a quicker distribution if done correctly adds legitimacy to the project and it will look more attractive to new investors and old ones alike. The real value will be in development so once we figure this out then the coin can move forward in the positive direction. Distribution is always the problem with severely pre-mined coins... Honestly I would also be more than fine with just doing 10% weekly airdrop until all the coins are distributed but I really hated the plan that was chosen by the devs.
*edit* Maybe we can do their drop to BTC holders, their +25% one time airdrop, and 10% weekly airdrops going forward until all coins are distributed? That seems like an even better hybrid plan than even the original one. It is more gradual but still gets those coins distributed more quickly.
I don't have a problem with the 25% one time drop, butif the percentage needs to be decreased in order to institute a solid weekly airdrop plan going forward, then I believe that it should be adjusted. I believe that the weekly airdrops should be increased incrementally. Just paying out 10% for weekly airdrops is way too much of a jump from 3%. If the percentage is increased over a period of time, you get greater buildup of anticipation and word will spread more rapidly. Friends will message each other, "Hey the airdrop is increasing from 5% to 7% next week get some BTX into a wallet before Monday" or "The airdrop is increasing from 7% to 9% next week, you better get some BTX into your wallet before then". The exact percentage isn't the most important factor, it's the excitement that your percentage is being increased. In my opinion 5% would be a great starting airdrop and then increase upward from there. I don't think that there's ever been a crypto that has done something like that. In my opinion, it will spread like wildfire.
It is a fairly big jump in percentage but it won't cause a big dump so to me minimizes the chances of the one thing everyone fears. It then gets the coins distributed quickly and fairly to everyone from new people to old people. The incremental increases are fine but a flat rate is more simple to implement. As far as word of mouth... If 10% weekly airdrops isn't enough for you to want to come over and buy some BTX then nothing will entice you to come over. It is largely all the anticipation anyone should need for a coin that has phenomenal advantages over many of the other currencies on the market.
This message is for gwestcot:
Are you part of this project? If not, then why only list the options that you find favorable? Does someone else need to list a separate poll in order to get a bit of objectivity? You listed your own plan. Then I proposed an incremental percentage increase in the airdrops. Instead of listing that option, you starting pumping your own option of a straight 10% airdrop. If you are to take this poll on with objectivity, you need to list all of the options that are suggested, not just the ones that you would like to see happen.
My take is that you want as many coins as possible, as fast as possible. Call me skeptical, but I get the impression that you will be the first to dump your coins as soon as it arrives in your wallet. Every option that you have pushed for has to do with getting as many coins as quickly as possible. I sense an ulterior motive with you. You come across as extremely greedy and you don't care about a coin dump because you will be the first to sell. Now, if you are truly objective, you will let all of the options and not just the ones that you prefer.
Ya I don't know but maybe bitcointalk has certain rules about that.
great, this is what i get for being a newb
yes, I can not vote the button is not displayed for newbies 
Thank you for the poll.
Kind Regards Christian
Kind Regards Christian
I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.
You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.
The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.
If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.
Ya I mean that would be fine too but really my hybrid was just to compromise with what the devs wanted. I would also be more than ok with your plan as well or some variation of it. To be honest I crunched the numbers on the devs plan and it works out for me personally as well so I make out like a bandit no matter which choice we go with... I really just think that a quicker distribution if done correctly adds legitimacy to the project and it will look more attractive to new investors and old ones alike. The real value will be in development so once we figure this out then the coin can move forward in the positive direction. Distribution is always the problem with severely pre-mined coins... Honestly I would also be more than fine with just doing 10% weekly airdrop until all the coins are distributed but I really hated the plan that was chosen by the devs.
*edit* Maybe we can do their drop to BTC holders, their +25% one time airdrop, and 10% weekly airdrops going forward until all coins are distributed? That seems like an even better hybrid plan than even the original one. It is more gradual but still gets those coins distributed more quickly.
I don't have a problem with the 25% one time drop, butif the percentage needs to be decreased in order to institute a solid weekly airdrop plan going forward, then I believe that it should be adjusted. I believe that the weekly airdrops should be increased incrementally. Just paying out 10% for weekly airdrops is way too much of a jump from 3%. If the percentage is increased over a period of time, you get greater buildup of anticipation and word will spread more rapidly. Friends will message each other, "Hey the airdrop is increasing from 5% to 7% next week get some BTX into a wallet before Monday" or "The airdrop is increasing from 7% to 9% next week, you better get some BTX into your wallet before then". The exact percentage isn't the most important factor, it's the excitement that your percentage is being increased. In my opinion 5% would be a great starting airdrop and then increase upward from there. I don't think that there's ever been a crypto that has done something like that. In my opinion, it will spread like wildfire.
It is a fairly big jump in percentage but it won't cause a big dump so to me minimizes the chances of the one thing everyone fears. It then gets the coins distributed quickly and fairly to everyone from new people to old people. The incremental increases are fine but a flat rate is more simple to implement. As far as word of mouth... If 10% weekly airdrops isn't enough for you to want to come over and buy some BTX then nothing will entice you to come over. It is largely all the anticipation anyone should need for a coin that has phenomenal advantages over many of the other currencies on the market.
Maybe voting is forbidden, for newbie ... I can not vote.
How do you vote? I think the Dev's plan makes more sense for consistency's sake.
how to vote? 
You should be able to click a button next to the option of your choice. I saw people voted over the night so it still must be working.
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