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Blog.ethereum.org Mailing List Incident

blog.ethereum.org

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Re: Blog.ethereum.org Mailing List Incident

#21

Post by mistrial9 »

noch wrote: post #20
Joker_vD wrote: post #16

Earlier quoted context omitted.

But that'd require them to part with their money as opposed to making you to look for some another early adopter to sell those cryptocoins to.

> their money as opposed to making you to look for some another early adopter to sell those cryptocoins to. It is true that distributing one's own token is in the effort of bootstrapping their network. But people tend not to value what they receive for free and don't care about, which is why many in crypto are against airdrops as a form of token distribution. Nonetheless, the ambition is to distribute ownership of th…

two replies - legal regulated exchanges "define value" and/or markets that have demand and clear participation "define value" .. in fact it is both, and more than both.. good to discuss this generally in the USA at this time imho

Re: Blog.ethereum.org Mailing List Incident

#22

Post by _lvbh »

noch wrote: post #14
nubinetwork wrote: post #13

Earlier quoted context omitted.

Could be worse, I just got an email saying I'm eligible for $100 worth of some ethereum altcoin because I'm a Github user. Only problem is that I have to install some app and let them hijack my Github account if I want them... of course I'm not going to be entertaining that scam.

[flagged]

I really don’t understand why they do such airdrops. I got $300 from Starknet for doing nothing and immediately sold it. From what I understand, their community is pretty pissed that some randos got more money than they did despite actually engaging in the community and I tend to agree. Also, the fact they can just print money like this confuses me.

Re: Blog.ethereum.org Mailing List Incident

#23

Post by jowea »

_lvbh wrote: post #22
noch wrote: post #14

Earlier quoted context omitted.

[flagged]

I really don’t understand why they do such airdrops. I got $300 from Starknet for doing nothing and immediately sold it. From what I understand, their community is pretty pissed that some randos got more money than they did despite actually engaging in the community and I tend to agree. Also, the fact they can just print money like this confuses me.

I heard it's because they can't do Initial Coin Offerings and just sell the coins to fund the project anymore, but they still need to distribute their coin to try to get usage going. So instead they "airdrop" it around in the hopes people will pick it up and use it. Maybe even if you sell it you're still helping someone else to buy the coin.

Re: Blog.ethereum.org Mailing List Incident

#24

Post by jowea »

noch wrote: post #20
Joker_vD wrote: post #16

Earlier quoted context omitted.

But that'd require them to part with their money as opposed to making you to look for some another early adopter to sell those cryptocoins to.

> their money as opposed to making you to look for some another early adopter to sell those cryptocoins to. It is true that distributing one's own token is in the effort of bootstrapping their network. But people tend not to value what they receive for free and don't care about, which is why many in crypto are against airdrops as a form of token distribution. Nonetheless, the ambition is to distribute ownership of th…

Don't airdrops restrict US persons? I mean I don't know if it's as strict as the Binance or FTX restrictions but still, the SEC is going to get involved?

Re: Blog.ethereum.org Mailing List Incident

#25

Post by noch »

jowea wrote: post #24
noch wrote: post #20

Earlier quoted context omitted.

> their money as opposed to making you to look for some another early adopter to sell those cryptocoins to. It is true that distributing one's own token is in the effort of bootstrapping their network. But people tend not to value what they receive for free and don't care about, which is why many in crypto are against airdrops as a form of token distribution. Nonetheless, the ambition is to distribute ownership of th…

Don't airdrops restrict US persons? I mean I don't know if it's as strict as the Binance or FTX restrictions but still, the SEC is going to get involved?

> the SEC is going to get involved?

The SEC exists to protect US citizens. They are only relevant as far as a company serving Americans wants to issue securities/tokens to US citizens. This is also why decentralization is desirable so that a credible argument can be made for a given token, that it should be viewed as a commodity, one day.

And yes, some airdrops are not available to U.S. citizens.

Re: Blog.ethereum.org Mailing List Incident

#26

Post by noch »

_lvbh wrote: post #22
noch wrote: post #14

Earlier quoted context omitted.

[flagged]

I really don’t understand why they do such airdrops. I got $300 from Starknet for doing nothing and immediately sold it. From what I understand, their community is pretty pissed that some randos got more money than they did despite actually engaging in the community and I tend to agree. Also, the fact they can just print money like this confuses me.

> I really don’t understand why they do such airdrops. I got $300 from Starknet for doing nothing […]

The airdrops are mainly to:

- Distribute ownership of the token (where distribution is eventually a measure of fairness of launch e.g. imagine if Bitcoin had been airdropped to opensource contributors when it was valued at $50k.).

- Incentivize work on opensource projects. (Some people got large airdrops merely for PRs where they corrected typos (lol!). But "large" is relative to how much you value your own efforts and time. Blockchain companies believe opensource contributions are very valuable and want to encourage more people to keep working.)

Re: Blog.ethereum.org Mailing List Incident

#27

Post by nradov »

noch wrote: post #14
nubinetwork wrote: post #13

Earlier quoted context omitted.

Could be worse, I just got an email saying I'm eligible for $100 worth of some ethereum altcoin because I'm a Github user. Only problem is that I have to install some app and let them hijack my Github account if I want them... of course I'm not going to be entertaining that scam.

[flagged]

There's no such thing as a "legitimate" airdrop. They're all scams. Sometimes the scam targets aren't the airdrop recipients thought; those may be just a preliminary step to establish a measure of credibility as part of a long con.

Re: Blog.ethereum.org Mailing List Incident

#28

Post by noch »

nradov wrote: post #27
noch wrote: post #14

Earlier quoted context omitted.

[flagged]

There's no such thing as a "legitimate" airdrop. They're all scams. Sometimes the scam targets aren't the airdrop recipients thought; those may be just a preliminary step to establish a measure of credibility as part of a long con.

> They're all scams.

Interesting. Please link to your investigation of all the airdrops. We've had a decade of them and I think everyone would find such investigations useful. Presumably you've also informed law enforcement in your jurisdiction of your findings.

Re: Blog.ethereum.org Mailing List Incident

#30

Post by snapcaster »

noch wrote: post #28
nradov wrote: post #27

Earlier quoted context omitted.

There's no such thing as a "legitimate" airdrop. They're all scams. Sometimes the scam targets aren't the airdrop recipients thought; those may be just a preliminary step to establish a measure of credibility as part of a long con.

> They're all scams. Interesting. Please link to your investigation of all the airdrops. We've had a decade of them and I think everyone would find such investigations useful. Presumably you've also informed law enforcement in your jurisdiction of your findings.

Can you point to an airdrop connected to a single legitimate (non-gambling) economic activity? I'm with the comment you're responding to on them all being scams just because I have yet to encounter or hear about a non scam one
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