Looking at it solely from an impartial, practical sense, I can only ever see it creating a constantly moving set of goalposts if, once we've even established what the criteria is, we try to judge whether an "established" altcoin remains so over time. Crypto moves pretty fast. I remember a period when Namecoin and Peercoin were considered part of the furniture, traded for BTC on just about every exchange you could sign up for, but now they're just largely forgotten trinkets for bagholders. What might be viewed as established today may not stay that way tomorrow, so it's just going to cause arguments later down the line when someone has to make the arbitrary decision that
Topic: Suggestion: allow on-forum altcoin giveaways for established altcoins - page 2. (Read 1046 times)
March 27, 2020, 11:06:52 AM
I'm conflicted on this one. I'm naturally drawn to the pragmatism of the "live and let live" attitude some have expressed, but I also have a weird kind of respect for Lauda's decidedly puritanical stance.
Looking at it solely from an impartial, practical sense, I can only ever see it creating a constantly moving set of goalposts if, once we've even established what the criteria is, we try to judge whether an "established" altcoin remains so over time. Crypto moves pretty fast. I remember a period when Namecoin and Peercoin were considered part of the furniture, traded for BTC on just about every exchange you could sign up for, but now they're just largely forgotten trinkets for bagholders. What might be viewed as established today may not stay that way tomorrow, so it's just going to cause arguments later down the line when someone has to make the arbitrary decision that coin is not allowed to be included in on-forum giveaways anymore, but rising-star coin suddenly is.
Looking at it solely from an impartial, practical sense, I can only ever see it creating a constantly moving set of goalposts if, once we've even established what the criteria is, we try to judge whether an "established" altcoin remains so over time. Crypto moves pretty fast. I remember a period when Namecoin and Peercoin were considered part of the furniture, traded for BTC on just about every exchange you could sign up for, but now they're just largely forgotten trinkets for bagholders. What might be viewed as established today may not stay that way tomorrow, so it's just going to cause arguments later down the line when someone has to make the arbitrary decision that
March 27, 2020, 08:11:13 AM
If somebody is too stupid to properly asses which is actually a genuine coin and which is a scam, then you should care. If you do not, then there is a fundamental morality flaw...
Me or you caring or not caring will not change the fact that ETH is a Top 5 (if not a Top 3) coin in terms of market cap and trading volume, would you agree with me on that? If that volume is fake or not, is not for me to say. But that is what the numbers say. The crypto community is certainly using it. Giveaways lead to word of the mouth spreading (free marketing) leading to gullible people buying the coin whenever it can be bought leading to financial losses.
As long as you invest you should also take the risks involved and there are plenty, that's for sure.Just wanted to emphasize there is a difference between ICO and giveaway, one is stealing the other is advertising for the stealing platform
)Ultimately I also draw on this questioning: Do we not have enough problems here? Are not enough people getting fooled by coins? Are not enough people losing money? Do we really need more? 
March 27, 2020, 07:43:53 AM
I know... The last airdrop I joined made me furious as f**k. Make an account here, share this link on fb, share this on twitter, write here, add your details there... Never felt so angry and embarrassed for a few bucks (if I'm lucky). Not joining another anytime soon...
Even if you received the airdrops, the chances to trade them for ETH or some similar alts are pretty slim since their trading volumes and/ or the prices are pretty low.
Once, many years back I joined some airdrop called PIXEL. Completed the tasks and was awarded the tokens worth like $4. Eventually I found out I had to send them to a decentralized exchange (since there weren't other exchanges supporting it) which meant forking out another few bucks to cover the costs, not to mention the trading fees later on.
I was like fuck this shit, I'm out.
March 27, 2020, 07:33:33 AM
For the record I also think altcoin giveaways should remain where they are: somewhere else !
As long as you invest you should also take the risks involved and there are plenty, that's for sure.
Just wanted to emphasize there is a difference between ICO and giveaway, one is stealing the other is advertising for the stealing platform)
My point was it would not make sense for new projects to offer giveaways in other "established crypto". It would make sense only for services. And why change things around here just for their sake ?
Scams are not moderated but at least spam is. And these giveaways tend to create lots of it.
I know... The last airdrop I joined made me furious as f**k. Make an account here, share this link on fb, share this on twitter, write here, add your details there... Never felt so angry and embarrassed for a few bucks (if I'm lucky). Not joining another anytime soon...
Giveaways lead to word of the mouth spreading (free marketing) leading to gullible people buying the coin whenever it can be bought leading to financial losses.
As long as you invest you should also take the risks involved and there are plenty, that's for sure.
Just wanted to emphasize there is a difference between ICO and giveaway, one is stealing the other is advertising for the stealing platform
)That is exactly what it is not supposed to do. It's not a new bounty idea to help the newest "revolutionary, world-changing ICO". The topic of discussion is whether or not to allow giveaways for "established" altcoins.
My point was it would not make sense for new projects to offer giveaways in other "established crypto". It would make sense only for services. And why change things around here just for their sake ?
Scams are not moderated but at least spam is. And these giveaways tend to create lots of it.
Not if you compare money you could earn from other job rather than search and join airdrop, which usually require some kind of verification that takes some time.
I know... The last airdrop I joined made me furious as f**k. Make an account here, share this link on fb, share this on twitter, write here, add your details there... Never felt so angry and embarrassed for a few bucks (if I'm lucky). Not joining another anytime soon...
March 27, 2020, 06:58:53 AM
If somebody is too stupid to properly asses which is actually a genuine coin and which is a scam, then you should care. If you do not, then there is a fundamental morality flaw...
Me or you caring or not caring will not change the fact that ETH is a Top 5 (if not a Top 3) coin in terms of market cap and trading volume, would you agree with me on that? If that volume is fake or not, is not for me to say. But that is what the numbers say. The crypto community is certainly using it. As for morality, be sure that I know how to distinguish right from wrong, and I know which group I belong to.
So...
This whole giveaway idea should usually help new coins/tokens.
That is exactly what it is not supposed to do. It's not a new bounty idea to help the newest "revolutionary, world-changing ICO". The topic of discussion is whether or not to allow giveaways for "established" altcoins. This whole giveaway idea should usually help new coins/tokens.
March 27, 2020, 06:37:28 AM
And what and who exactly does this help? The coin spammers to steal more money from people?
ICO's steal money. Giveaways offers worthless and potentially still worthless coins.Don't know about you but never felt poorer after receiving an airdrop. But that's just me I guess
Ultimately I also draw on this questioning: Do we not have enough problems here? Are not enough people getting fooled by coins? Are not enough people losing money? Do we really need more?
March 27, 2020, 06:36:30 AM
And what and who exactly does this help? The coin spammers to steal more money from people?
ICO's steal money. Giveaways offers worthless and potentially still worthless coins.
Don't know about you but never felt poorer after receiving an airdrop. But that's just me I guess
March 27, 2020, 06:33:22 AM
I like Bitcoin better but if someone prefers to use ETH that is his right, I don't care.
If somebody is too stupid to properly asses which is actually a genuine coin and which is a scam, then you should care. If you do not, then there is a fundamental morality flaw (or a "I do not care as long as I can binge on Netflix flaw"). 
So...
This whole giveaway idea should usually help new coins/tokens.
And what and who exactly does this help? The coin spammers to steal more money from people? Have we learned nothing from when the first bullshit altcoins were created? This whole giveaway idea should usually help new coins/tokens.
March 27, 2020, 06:32:03 AM
So...
This whole giveaway idea should usually help new coins/tokens.
Let's assume I develop a new coin (a.k.a clone some other coin and change parameters: total supply, block time and ticker)
I just created [CHL]Coin and now would like to make a giveaway or airdrop. Logic would dictate that I would be giving out CHL coin. That is my product. Not ETH, LTC etc.
Since it is a new coin it definitely is not on any exchanges (even if roadmap says "in progress to list"). Anyone who does a giveaway wants to promote, make potential users familiar, have some use it and have some hodl it.
The idea to allow just a few alts will help only services or layer 2 business ideas. Exchanges, casinos, mixers etc. Not really fair to the coin cloning devs
The point is: if I make cookies I will host a contest and winner gets cookies, not croissants.
Still not sure what got into you guys ... if you want to diversify your portfolios do some fb bounties! It's honest work
As I said before: as long as there are no wallet address posts anyone can go crazy with giveaways.
Want to see ETH in games and rounds ? Go to vitaliktalk.org (domain available btw) !
This whole giveaway idea should usually help new coins/tokens.
Let's assume I develop a new coin (a.k.a clone some other coin and change parameters: total supply, block time and ticker)
I just created [CHL]Coin and now would like to make a giveaway or airdrop. Logic would dictate that I would be giving out CHL coin. That is my product. Not ETH, LTC etc.
Since it is a new coin it definitely is not on any exchanges (even if roadmap says "in progress to list"). Anyone who does a giveaway wants to promote, make potential users familiar, have some use it and have some hodl it.
The idea to allow just a few alts will help only services or layer 2 business ideas. Exchanges, casinos, mixers etc. Not really fair to the coin cloning devs
The point is: if I make cookies I will host a contest and winner gets cookies, not croissants.
Still not sure what got into you guys ... if you want to diversify your portfolios do some fb bounties! It's honest work
As I said before: as long as there are no wallet address posts anyone can go crazy with giveaways.
Want to see ETH in games and rounds ? Go to vitaliktalk.org (domain available btw) !
March 27, 2020, 06:30:04 AM
I don't see why certain changes to altcoin giveaways couldn't be made or why that would hurt the forum. The easiest way to do it is to allow only Top 10/20 coins according to CMC. That would prevent questioning admin decisions as to why a certain coin was allowed or not allowed. Only those being used, stored and traded the most are allowed - others aren't.
Grin was also not something Satoshi brought and it has become a payment method on his forum. Good, why wouldn't it. We will soon see Taproot and Schnorr Signature upgrades but Satoshi didn't envision that either.
I like Bitcoin better but if someone prefers to use ETH that is his right, I don't care. If that someone wants to give away a $50 ETH it doesn't hurt me in any way. Heck if he gave it to me I would exchange it for BTC so there you go, ETH finally has a use case.
I think we are too small of a community and interest group to be holding each other back.
Grin was also not something Satoshi brought and it has become a payment method on his forum. Good, why wouldn't it. We will soon see Taproot and Schnorr Signature upgrades but Satoshi didn't envision that either.
I like Bitcoin better but if someone prefers to use ETH that is his right, I don't care. If that someone wants to give away a $50 ETH it doesn't hurt me in any way. Heck if he gave it to me I would exchange it for BTC so there you go, ETH finally has a use case.
I think we are too small of a community and interest group to be holding each other back.
March 27, 2020, 05:40:04 AM
There's too many bias when we're talking about altcoin. For example, some consider ETH is shitcoin which allow various shit tokens exist, but few people like ETH due to it's smart contract and allow few things such as gambling, DEX and games.
If altcoin giveaway were to be allowed, IMO there are few restriction or treatment must be made to prevent total chaos such as :
1. Signature is completely disabled
2. Only Jr. Member or above allowed to post
3. Shows warning, just like thread on "Investor-based games" board. Modified example from "Investor-based games" board :
If altcoin giveaway were to be allowed, IMO there are few restriction or treatment must be made to prevent total chaos such as :
1. Signature is completely disabled
2. Only Jr. Member or above allowed to post
3. Shows warning, just like thread on "Investor-based games" board. Modified example from "Investor-based games" board :
Quote
Warning: You are in the Altcoin giveaway section. It's likely you will lose your money, become victim of identity theft and/or receive malicious message on your email/social media. Additionally, moderators do not remove likely scams. You must use your own brain: caveat emptor. Do not gamble more than you can afford to lose.
March 27, 2020, 05:27:21 AM
The problem is to say which altcoins are good coins.
Most of them are just altcoins but IMHO if the intention of the user is, in the end, convert the coins in bitcoin the giveaway has a purpose.
Maybe for whatever reason, rich companies can giveaway a ton of altcoins but cannot giveaway bitcoins (fee conversions, etc) and if someone of us normal users gets 50$ (value converted in fiat) can't see how it is bad for the community.
I agree this is a BTC forum and almost all altcoin are scams and maybe on those giveaways, a rule can be "XXX coin or same value converted in bitcoin".
Most of them are just altcoins but IMHO if the intention of the user is, in the end, convert the coins in bitcoin the giveaway has a purpose.
Maybe for whatever reason, rich companies can giveaway a ton of altcoins but cannot giveaway bitcoins (fee conversions, etc) and if someone of us normal users gets 50$ (value converted in fiat) can't see how it is bad for the community.
I agree this is a BTC forum and almost all altcoin are scams and maybe on those giveaways, a rule can be "XXX coin or same value converted in bitcoin".
March 27, 2020, 03:28:36 AM
Would that be considered as established altcoin?
There are maybe a maximum of 5 coins out of several thousand coins that you could consider anything worthwhile. The answer is no. Stop promoting scams and condoning people getting scammed by fraudulent market-cap nonsense. March 27, 2020, 03:26:01 AM
It would be good to see that. Some days ago we have seen the massive temporary ban for that reason. However there may arguement arise too that which is established altcoin and which is not. For example, some gambling site has their own token/coin and gambler cam use that to play there. Would that be considered as established altcoin?
March 27, 2020, 01:56:51 AM
ETH is a shitcoin, TRX is a scam. What the hell are you on about? Just because you are bagholding or buying into the lies of the Asian scammers[1], that does not make any of those projects less fraudulent.
I ain't holding any of them, just Bitcoin.Left the altcoin game a long time ago
March 27, 2020, 01:55:28 AM
ETH is a shitcoin, TRX is a scam. What the hell are you on about? Just because you are bagholding or buying into the lies of the Asian scammers[1], that does not make any of those projects less fraudulent.
I ain't holding any of them, just Bitcoin.
Left the altcoin game a long time ago
March 27, 2020, 01:50:49 AM
I reckon the core alts such as ETH, TRX and LTC should be fine, and not the ones piggybacking off their blockchains.
ETH is a shitcoin, TRX is a scam. What the hell are you on about? Just because you are bagholding or buying into the lies of the Asian scammers[1], that does not make any of those projects less fraudulent. @LoyceV what do you mean by established shitcoins? Top 10 CMC:
2) ethereum - shitcoin for smart scams
3) XRP - bank shitcoin
4) Tether -
5) Bitcoin Cash - Roger said it is trash
6) Bitcoin scam vision - faketoshi's scam
7) Litecoin - copy
8 ) EOS - centralized garbage
9) BNB - (insert any other exchange I want to make monez) shitcoin
10) tezos - another smart contract shitcoin
Exactly. Mr. Switzerland's knowledge on these matters has always been rather minor, he knows it and I know it from our past. Time to lock this and move on.2) ethereum - shitcoin for smart scams
3) XRP - bank shitcoin
4) Tether -
5) Bitcoin Cash - Roger said it is trash
6) Bitcoin scam vision - faketoshi's scam
7) Litecoin - copy
8 ) EOS - centralized garbage
9) BNB - (insert any other exchange I want to make monez) shitcoin
10) tezos - another smart contract shitcoin
IOTA.
Money with kill switch Speaking from a market cap - security perspective, it is as much of a scam like anything else. I like Dogecoin, but this is a fact. The answer is no.
Much wow, such coin. Meme coin. Only doge giveaway should be allowed here.[1] Before stupid people call racism, look who is behind TRX.
March 27, 2020, 01:22:29 AM
many many coins over the years have struggled to gain traction simply because they couldn't give coins away as part of their promotion.
i disagree based on what i have seen so far. any coin that has ever struggled to gain any traction has been because they had nothing interesting or innovative to offer.
I'm probably biased to just a handful of coins that seemed to have potential. In saying that I haven't lent my support to a coin for many years now and certainly no premanufactured tokens which goes against the grain of mining solo or collectively.
March 27, 2020, 01:01:12 AM
I think an on the record /public apology by the likes of mprep etc is warranted.
Although I am in favour of alt coin giveaways, many many coins over the years have struggled to gain traction simply because they couldn't give coins away as part of their promotion.
Although I am in favour of alt coin giveaways, many many coins over the years have struggled to gain traction simply because they couldn't give coins away as part of their promotion.
I reckon the core alts such as ETH, TRX and LTC should be fine, and not the ones piggybacking off their blockchains.
March 27, 2020, 12:59:44 AM
many many coins over the years have struggled to gain traction simply because they couldn't give coins away as part of their promotion.
i disagree based on what i have seen so far. any coin that has ever struggled to gain any traction has been because they had nothing interesting or innovative to offer.
keep in mind that the long term survival and adoption growth should be the factor that you look at not the short term hype that is caused by these types of giveaways/promotions.
Jump to: