I agree with the slow drop principal. We are doing that with AppleBytes, the digital currency to support the arts. We have a premine that goes to the AppleByte Foundation and will be used to fund Artist scholarships over the next 8-10 years, No Airdrop.
We launch next week. Details are here Announce Thread
Topic: why airdrop at once, how about a paycheck.. using POS. Slow drops better. (Read 567 times)
April 26, 2014, 03:06:52 PM
April 26, 2014, 02:01:33 PM
The team behind of any coin aren't a bank to give paychecks.
The real problem it is that most of the today's coins are designed with a pump-and-dump idea in the mind, and only few of the teams (VTC, BTL etc.) are struggling to implement REAL projects to bring REAL value to a coin.
The real problem it is that most of the today's coins are designed with a pump-and-dump idea in the mind, and only few of the teams (VTC, BTL etc.) are struggling to implement REAL projects to bring REAL value to a coin.
April 25, 2014, 11:10:54 PM
one of the many problems facing these airdrop coins, is the drop itself.
1. it encourages a massive price drop and dumping... on date of drop. And this massively hurts supporters and savers.
2. most people arent even going to bother. leaving un dropped coins and multi drops and well ruins the idea. (i bolded this, because people dont seem to realize we are still a super small minority.. even in BTC.. only a tiny fraction of pops are likely to get those coins.. heck the one being dumped on this forum will probably only have a tiny fraction of the forum users.. and we are all into this shit)
3. if you have enough coin to make fiat with.. but cant use it anywhere else.. you are going to get fiat with it.
Now how about fuck the massive drop. Have a pow/pos currency You might need separate wallets for the country in question but...which would be doable with iceland and their citizen codes.
But you give everyone a wallet, with hardly anything in it. For ease of convo.. 1 coin. worth.. worth $1 or less in fiat. But grows weekly until after a year, you get the size of the promised drop in a POS system.
This doesnt encourage dumping, because its a pain and you dont get enough and the fees to convert that to fiat.. means its crap.
However people like watching things grow. I turned 0.3 cents into 5 dollars in stupid ponzi games.. its not a brag, cause the time i spent, was not worth the money, but it is fun to watch the numbers get bigger.
and if the price holds after a month you got nearly $5.. suddenly it seems more interesting..
This gives time for word of mouth advertising.. and the media as it grows
you dont really have to worry as much that their isnt places to spend it right away.. because no one has enough to spend yet.
you dont have to worry if the entire country doesnt get their wallet in the first week. yeah some will earn less.. that fact actually will help growth, as word of mouth spreads and people are loss adverse.. they will want their wallet.
This allows for a more reasonable and likely growth pattern without buttfucking the coin and supporters with a massive dump date. (i'm not sure if you want to POS everyone with a wallet the same.. I mean if you are doing a country coin. maybe let everyone get a special pos coin using their ID.. w/e thats not my focus. there are other issues.. I'm just concerned with the massive dump.. and saying it would better if people got a paycheck, rather than a payday.)
1. it encourages a massive price drop and dumping... on date of drop. And this massively hurts supporters and savers.
2. most people arent even going to bother. leaving un dropped coins and multi drops and well ruins the idea. (i bolded this, because people dont seem to realize we are still a super small minority.. even in BTC.. only a tiny fraction of pops are likely to get those coins.. heck the one being dumped on this forum will probably only have a tiny fraction of the forum users.. and we are all into this shit)
3. if you have enough coin to make fiat with.. but cant use it anywhere else.. you are going to get fiat with it.
Now how about fuck the massive drop. Have a pow/pos currency You might need separate wallets for the country in question but...which would be doable with iceland and their citizen codes.
But you give everyone a wallet, with hardly anything in it. For ease of convo.. 1 coin. worth.. worth $1 or less in fiat. But grows weekly until after a year, you get the size of the promised drop in a POS system.
This doesnt encourage dumping, because its a pain and you dont get enough and the fees to convert that to fiat.. means its crap.
However people like watching things grow. I turned 0.3 cents into 5 dollars in stupid ponzi games.. its not a brag, cause the time i spent, was not worth the money, but it is fun to watch the numbers get bigger.
and if the price holds after a month you got nearly $5.. suddenly it seems more interesting..
This gives time for word of mouth advertising.. and the media as it grows
you dont really have to worry as much that their isnt places to spend it right away.. because no one has enough to spend yet.
you dont have to worry if the entire country doesnt get their wallet in the first week. yeah some will earn less.. that fact actually will help growth, as word of mouth spreads and people are loss adverse.. they will want their wallet.
This allows for a more reasonable and likely growth pattern without buttfucking the coin and supporters with a massive dump date. (i'm not sure if you want to POS everyone with a wallet the same.. I mean if you are doing a country coin. maybe let everyone get a special pos coin using their ID.. w/e thats not my focus. there are other issues.. I'm just concerned with the massive dump.. and saying it would better if people got a paycheck, rather than a payday.)
Jump to: