How do airdrops work with bitcoin? | Bitcointalksearch.org

ulhaq

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Quote from: Herbert2020 on November 11, 2017, 01:39:30 AM

you sign a message (usually the address you want to receive your tokens in) with your bitcoin private keys to prove ownership of those keys in a fraud proof way.

for example Byteball airdrops gives you Byteball based on how much bitcoin you own. you have an address containing 1BTC and use the keys for that to sign your Byteball address just like you are signing a message. and give it to the airdrop bot inside your Byteball wallet and it verifies that you are the owner of that bitcoin address and when the time comes if you still have the balance you will receive the promised amount of GBYTE.

So apparently it is safe to sign the byteball address with the bitcoin private key (and all the other altcoins doing airdrops?)

kqyyzmlc

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Quote from: Aryanto28 on November 11, 2017, 10:42:50 PM

Airdrop can work well with bitcoin because airdrop is a support factor in bitcoin. airdrop can give us free postoken just by filling the data that has been provided airdrop and postoken then we can make bitcoin according price already marketed. With airdrop then bitcoiner can get many choices in finding bitcoin.

Although BTC is a public blockchain, for now, Airdrop takes a snapshot of bitcoin and is very irrational.Because you can think of bitcoin's bloated blockchain, haha.Also, the erc20 token used by Airdrop is very mature and there is no need to take BTC snapshot, personal opinion.

BariaczRoni

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I think they will take snapshot on bitcoin blockchain, then do airdrop to user Myetherwallet. That's the only way how it does.

Aryanto28

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Airdrop can work well with bitcoin because airdrop is a support factor in bitcoin. airdrop can give us free postoken just by filling the data that has been provided airdrop and postoken then we can make bitcoin according price already marketed. With airdrop then bitcoiner can get many choices in finding bitcoin.

daniel08

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Its all free , you can have tokens by participating in airdrops , just fill up theform they provided ,. And when the tokens from the airdrops you receive listed in different exchanges you can sell them in etherium or bitcoin , TOKENS/ETH or TOKENS/BTC in its prospective exchange you want to sell it.

naitik01

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Airdrops are tokens sent out by developers for free,once tokens are listed to different markets,you can sell it and convert to bitcoin.Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as Electronic Cash. Merchants and users are empowered with low fees and reliable confirmations.

Chair ee law

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Airdrops are tokens being sent out by developers for free, or sometimes fpr promotion. Once tokens are listed to different markets, you cam sell it and covert it to eth and then to bitcoin. I guess that is how itit works.

Herbert2020

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you sign a message (usually the address you want to receive your tokens in) with your bitcoin private keys to prove ownership of those keys in a fraud proof way.

for example Byteball airdrops gives you Byteball based on how much bitcoin you own. you have an address containing 1BTC and use the keys for that to sign your Byteball address just like you are signing a message. and give it to the airdrop bot inside your Byteball wallet and it verifies that you are the owner of that bitcoin address and when the time comes if you still have the balance you will receive the promised amount of GBYTE.

ulhaq

sr. member

Activity: 503

Merit: 286

I understand that airdrops can happen with ERC20 tokens to an ether address. But I have seen a lot of coins that do airdrops for bitcoin, by checking balances in bitcoin address at a certain time. How does it work? Since the new tokens are not bitcoin, they cannot be sent to a bitcoin address. Do they create duplicate addresses in the new coin to send coins to, and is the private key somehow the same?

Topic: How do airdrops work with bitcoin? (Read 259 times)