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Keybase and Stellar Partner on XLM Airdrop Worth $118M

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Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#41

Post by Legogris »

whatshisface wrote: post #26
gexla wrote: post #18

Earlier quoted context omitted.

They aren't giving away money. They are creating these coins out of thin air. The only way anyone is losing money is possibly by deflating the value of existing coins by creating more supply. That these coins are worth anything at all was sort of luck by being early in the race. The top 10 - 20 coins don't seem to change much. These airdrops were an expectation from the start. The first coins from this organization w…

Why would anyone back a cryptocurrency whose operator can simply whisk new coins into existence?

Unless there's some other factor in place, you probably shouldn't.

This is not the case here, though. Stellar has been sitting of huge piles of coins (par for the course these days at least) that they are now distributing.

Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#42

Post by Legogris »

jwr wrote: post #30

At this point, I am at a complete loss to understand what it is that Keybase is, or is doing. A pity, because it started so well, as a way to manage my online identity.

Personally, the online identity part is the thing I'm the _least_ excited about with Keybase and would actually prefer it without (or, even better, selective disclosure where I can choose to give proofs of identity to users without Keybase sniffing it up).

I find it

Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#43

Post by keussen »

dondryder wrote: post #33

Didn't Stellar recently do a similar airdrop with Blockchain wallet? Seems a contrived way to increase adoption/use of xlm...

Correct, but they're now winding down the airdrop. You can read more about it here: https://blog.blockchain.com/2019/07/15/airdrops-adoption-wha...

Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#44

Post by floatingatoll »

skybrian wrote: post #6

Previous topic that got flagged for some reason: https://news.ycombinator.com/item?id=20919736

I flagged that one (and this one) because a cryptocoin giveaway isn’t newsworthy at HN, any more than “free iPad contest” or “get a $20 gift card” deals would be.

Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#46

Post by hashtagjohnt »

I can't believe this is actually in the terms of service:

7. YOU AGREE TO HELP SPREAD THE WORD. You vow to lean about Stellar by visiting https://stellar.org and by testing Stellar-in-Keybase, simply by sending Lumens to people you care about, or at least your enemies' enemies. You will aim to encourage 5 people to join Keybase for its Stellar features.

I legitimately might not sign up now.

Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#47

Post by regnerba »

MastrChefRocks wrote: post #37
regnerba wrote: post #17

Earlier quoted context omitted.

I had to fully quit the app and launch it again before the "airdrop" button appeared. Still unsure myself about the first airdrop. I used my account regularly, was able to join the airdrop so meet all the criteria, but havne't had any Lumens added to my wallet.

According to Chris(1), the rollout "might take a couple days" because of a lazy sending script they're using 1: https://keybase.io/chris

Thanks for the info. Will wait and see.

Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#48

Post by SilasX »

Sorry to be the pedant here, but this isn't the correct use of "airdrop", or at least, not how it's commonly used in the cryptocurrency community.

And airdrop typically refers to a fork that someone starts of an existing cryptocurrency, but keeps the same global ledger (blockchain or equivalent) up to a certain date. At that date/time, anyone who held the cryptocurrency at the time is treated as having that same amount in the new fork.

Hence why it's called an "airdrop": from the perspective of existing users, it feels like someone just dumped some freebies on you.

This is not an airdrop, in that meaning. It's just a regular giveaway.

(With that said, this finally gave me the kick in the pants to sign up for Keybase. I initially ignored it because, well, I don't hold any XLM or have the software for it set up, why would I benefit from an airdrop? Glad I read the fine print.)

Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#49

Post by nickik »

jwr wrote: post #30

At this point, I am at a complete loss to understand what it is that Keybase is, or is doing. A pity, because it started so well, as a way to manage my online identity.

I don't care about that crypto currency stuff. I still think Keybase overall is a great tool.

Re: Keybase and Stellar Partner on XLM Airdrop Worth $118M

#50

Post by StavrosK »

malgorithms wrote: post #4
StavrosK wrote: post #2

This happened? So even though I have a Keybase account that I use regularly, because I didn't click "join the airdrop", I missed this month's giveaway?

Nope, that's not the case, in fact you'll get the Lumens automatically within a day or so. If you want to _continue_ after the first month, you'll need to click the button in the app saying you want to. But you have a month to do that.

I see, thank you. Yeah, it's a bit confusing because the post says they already sent the lumens...
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