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An airdrop that preserves recipient privacy [pdf]

fc20.ifca.ai

11–20 of 51 posts

Re: An airdrop that preserves recipient privacy [pdf]

#11
post #10
post #9

If you claim this airdrop, best practice would be to save the key, and then first rotate your github keys before claiming. In this way any potential security risk is averted.

Yeah but if you use the same key for server management, then you may be in a bad situation :(

[deleted]

Re: An airdrop that preserves recipient privacy [pdf]

#12

Note this airdrop was implemented on the Handshake blockchain and just went live today. If you had over 15 followers on GitHub in Aug 2018 you were included and get 4662 HNS (worth $2000+ at current market price). If you’re eligible, we created these instructions on how to claim here https://namebase.io/airdrop .

With the tax implications of cryptocurrency in the US, it's rude to 'airdrop' or give it to people without their consent.

Making a mark in a private ledger does not count as a taxable event for anyone.

If I say in my diary "I give $100,000 to dublinben", or "dublinben can claim $100,000 from me for free by just asking", nothing has happened yet from the perspective of the IRS.

Re: An airdrop that preserves recipient privacy [pdf]

#13
post #8

I find it a bit strange: Pro-tip: Learn why the airdrop tool needs to use your private key. So someone will give you 2000 USD if you feed your private SSH key into their software ?

I believe you can have the airdrop tool [0] output the raw bytes that you need to sign with your private key. Still not fool proof but makes it more transparent what you're actually doing with the key.

[0] https://github.com/handshake-org/hs-airdrop

Re: An airdrop that preserves recipient privacy [pdf]

#14

Note this airdrop was implemented on the Handshake blockchain and just went live today. If you had over 15 followers on GitHub in Aug 2018 you were included and get 4662 HNS (worth $2000+ at current market price). If you’re eligible, we created these instructions on how to claim here https://namebase.io/airdrop .

How long could the market support a bunch of github users cashing out their $2000 worth of coins?

Re: An airdrop that preserves recipient privacy [pdf]

#15
post #8

I find it a bit strange: Pro-tip: Learn why the airdrop tool needs to use your private key. So someone will give you 2000 USD if you feed your private SSH key into their software ?

I believe you can have the airdrop tool [0] output the raw bytes that you need to sign with your private key. Still not fool proof but makes it more transparent what you're actually doing with the key. [0] https://github.com/handshake-org/hs-airdrop

Well if you get that part running I'm interested because when I run the tool on an air-gapped machine without access to SSH private key, then this bare mode is not functional and keeps saying "Address is not a faucet or sponsor address".

The next step on the Namebase website is that they ask you for your passport and utility bills, and since they issued the address of your wallet, they perfectly know who received the reward. (as a note I really don't see the point of the crypto-privacy protocol, if it's supposed to hide who received rewards if you need to give your passport to transfer the coins out or exchange against other currency).

Re: An airdrop that preserves recipient privacy [pdf]

#16
As I understand it developers have to submit a government ID to withdraw their tokens.

https://help.namebase.io/article/usgrydy7da-kyc-restrictions

This is a bit concerning, and it practically negates the privacy claims of the airdrop, unless people only use the tokens to bid on Handshake names. Could you share more details about the documents you're requesting? Which company handles the personal data?

Re: An airdrop that preserves recipient privacy [pdf]

#17
post #14

Note this airdrop was implemented on the Handshake blockchain and just went live today. If you had over 15 followers on GitHub in Aug 2018 you were included and get 4662 HNS (worth $2000+ at current market price). If you’re eligible, we created these instructions on how to claim here https://namebase.io/airdrop .

How long could the market support a bunch of github users cashing out their $2000 worth of coins?

This is conditional on the perceived value of the domain names these coins offer.

Re: An airdrop that preserves recipient privacy [pdf]

#18
post #12

Earlier quoted context omitted.

With the tax implications of cryptocurrency in the US, it's rude to 'airdrop' or give it to people without their consent.

Making a mark in a private ledger does not count as a taxable event for anyone. If I say in my diary "I give $100,000 to dublinben", or "dublinben can claim $100,000 from me for free by just asking", nothing has happened yet from the perspective of the IRS.

Here is more the equivalent of "Here is a coupon to redeem 100,000 USD from me", which is essentially currency / debt already

Re: An airdrop that preserves recipient privacy [pdf]

#19

Earlier quoted context omitted.

With the tax implications of cryptocurrency in the US, it's rude to 'airdrop' or give it to people without their consent.

Only taxable if you claim it and convert to fiat. How is free money rude?

This is incorrect, it's taxable even if you never convert it.
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