Namecoin airdrop?

[mdw]

Hi all, noobie noob here. Figured I'd offer my two cents instead of just lurking.

Welcome to the community!

First of all take this with 84,000 grains of salt, as the so-called Namecoin community is really a collection of unrelated groups. I'm sure that my opinions are at odds with many who also have an interest in Namecoin and other nextgen DNS projects.

An airdrop is not going to be of much interest to me, except for the temporary interest generated by the prospect for making a quick buck. Even if there's some profit to be made, I'm hanging onto my NMC. Like many others, I do not hold a bunch of NMC as an investment in the currency, but rather to use in future. In the longer term I'm swayed by the vision, features, and community.

Kudos again toast and others. I have loads of questions, but I think more reading is required first.

I can understand your decisions, however, I currently see absolutly no development in namecoin (i am not speaking about price, but about tech development)
Further, no marketing, no intentions to introduce namecoin to other players, no lobby, just sitting there. That's my feeling, please tell me if I am mistaken.

Yep, valid points. Lots of people looking around at other projects like this one. Opportunity, to say it another way.

[xeroc]

Hi all, noobie noob here. Figured I'd offer my two cents instead of just lurking.

Welcome to the community!

First of all take this with 84,000 grains of salt, as the so-called Namecoin community is really a collection of unrelated groups. I'm sure that my opinions are at odds with many who also have an interest in Namecoin and other nextgen DNS projects.

An airdrop is not going to be of much interest to me, except for the temporary interest generated by the prospect for making a quick buck. Even if there's some profit to be made, I'm hanging onto my NMC. Like many others, I do not hold a bunch of NMC as an investment in the currency, but rather to use in future. In the longer term I'm swayed by the vision, features, and community.

Kudos again toast and others. I have loads of questions, but I think more reading is required first.

I can understand your decisions, however, I currently see absolutly no development in namecoin (i am not speaking about price, but about tech development)
Further, no marketing, no intentions to introduce namecoin to other players, no lobby, just sitting there. That's my feeling, please tell me if I am mistaken.

[mdw]

Hi all, noobie noob here. Figured I'd offer my two cents instead of just lurking.

First of all take this with 84,000 grains of salt, as the so-called Namecoin community is really a collection of unrelated groups. I'm sure that my opinions are at odds with many who also have an interest in Namecoin and other nextgen DNS projects.

An airdrop is not going to be of much interest to me, except for the temporary interest generated by the prospect for making a quick buck. Even if there's some profit to be made, I'm hanging onto my NMC. Like many others, I do not hold a bunch of NMC as an investment in the currency, but rather to use in future. In the longer term I'm swayed by the vision, features, and community.

Kudos again toast and others. I have loads of questions, but I think more reading is required first.

[luckybit]

Any sharedrop that takes place should not be instantly received or redeemable.

If done, I would like to see the drop amounts to each address be staggered over a number of blocks to remove the possibility of a market dump as well as building interest over time - maybe even allowing a higher % redeemable if the address is kept in a live wallet or Keyhotee - I would also prefer that redemption should require downloading the DNS client as well as Keyhotee with some kind of Bitshares DNS informational click-thru (if possible).

Very good idea!

[mf-tzo]

I believe that an airdrop to Namecoiners is a very good idea because you target a specific group with these characteristics.

I think that the airdrop should not be more than 5%-10% and if they are not claimed within a short period the reward goes away and they should not be allowed to dump their free shares immediately. Give them a month to learn more about their shares. Consider also the option that we reach an agreement were we can get also some namecoins from them in return to their shares. Faucets for us to claim NMCs and faucet from them to claim dns shares maybe (probably stupid idea I am just saying...)?

I don't think that the devs should hold anything in order to avoid the "premined" accusations. I may be completely wrong regarding this though so I would like to understand why this would be necessary and not raise funds for future development if needed with other ways.

[donkeypong]

Any sharedrop that takes place should not be instantly received or redeemable.

If done, I would like to see the drop amounts to each address be staggered over a number of blocks to remove the possibility of a market dump as well as building interest over time - maybe even allowing a higher % redeemable if the address is kept in a live wallet or Keyhotee - I would also prefer that redemption should require downloading the DNS client as well as Keyhotee with some kind of Bitshares DNS informational click-thru (if possible).

I disagree. I think it needs to be quick, creating a buzz and generating some additional momentum that can be sustained. This industry just moves too fast to phase it in; by the time the benefit becomes tangible, people will have moved on to something else. We can't afford to wait.

[bobmaloney]

Any sharedrop that takes place should not be instantly received or redeemable.

If done, I would like to see the drop amounts to each address be staggered over a number of blocks to remove the possibility of a market dump as well as building interest over time - maybe even allowing a higher % redeemable if the address is kept in a live wallet or Keyhotee - I would also prefer that redemption should require downloading the DNS client as well as Keyhotee with some kind of Bitshares DNS informational click-thru (if possible).

[donkeypong]

many people who are not interested in this project will hold coins. I would prefer the give them to people who has an interest.

Many people who are not interested in this project hold no coins. By giving coins to people in a class/group who share certain characteristics, you create greater interest from a group that is likely to remain interested. And those larger number can help drive the success of your product. For those who don't claim it, their reward disappears, and the system is no poorer. In fact, it is much richer because of the attention it has created. 

[Shentist]

i don't like the idea of an airdrop - why?

many people who are not interested in this project will hold coins. I would prefer the give them to people who has an interest.

how we could do this?

maybe we could make a fundraiser with namecoin instat. Before the genesis block is created we will take a fundraiser for the namecoin holders like the fundraiser in AGS. Timeframe maybe 30 days. 20-30%. No share in DNS for Devs, because the fundraiser will give them the needed funds for development. We could increase the user base, we could create media buzz and get funding for the dev team without the "premined" terminology.

[toast]

Not final, we will come back to this more seriously later.

Sent from my SCH-I535 using Tapatalk

[mf-tzo]

any comments on the below post? Is the allocation decision final for 35/35/20/10 (AGS/PTS/NMC/DEV)?

and any comment for:

Finally, I am not sure I understand why 10% should be kept from the developers.This is too technical for me so my reasoning here could be completely wrong but I would like to know what the 10% kept by the devs would help for. This might cause comments like a premined coin where the devs are keeping 10% which they may dump in the market whenever the DAC is profitable...As far as I understand once the code is released the DAC starts working. If someone wants to improve the code or make something else he could do so and allocate shares to whichever community he likes. It is up to us believing in .p2p success not to allow this, by upgrading this code and promote .p2p to everyone else.

[mf-tzo]

I am agreeing with the above. The airdrop may just cause a sell-off of the 20% reducing the price for AGS/PTS holders. Or Namecoin users may take an interest when it appreciates. So they would be getting some free utility to sell or keep (but theres no add of early adopters).

There also may be a lot of namecoin on exchanges (think mt.gox) so the exchanges will be collecting a good portion of BitsharesDNS and they will most likely sell it (as they are not in the business of speculating).

We could say we will educate the Namecoin market about the snapshot. But if we spending time/money educating the market about bitsharesDNS, why still give away free shares.

I dont think giving away 20% will produce added value of more than 20% making this a bad investment. The dev funding is coming from PTS/AGS holders and dev allocated bitsharesDNS future shares. The people paying for the DAC, giving up their time and speculating on the future of the DAC industry should be rewarded.

I see the point of doing a Namecoin airdrop, however there are disadvantages and we would need to work out the value added which needs to be slightly greater than the % given away.

I agree with the above quote. I think that giving away 20% to Namecoin will be a bad move.

If you don't already own NMC it will still be cheaper to buy AGS or PTS.
If you DO already own NMC then we are betting that giving you free stuff will cause you to educate yourself and then hold your nameshares.

I don't think I agree with the above.
.bit and .p2p may serve the same purposes but should be seen as 2 different competing companies. The big majority of NMC holders are believers of .bit and want it to succeed. By giving them free shares they most likely sell them causing the nameshare price to drop so they can get more NMCs. Some may be convinced that .p2p has more potential but I don't think many of them will do in the beginning. In the end of the day all the cryptocommunities know how to evaluate their investments and where to look around if there is something of interest. As part of marketing within the cryptocommunities, each one of us can promote our DACs to their forums, to our country bitcoin communities etc..The difficult part is to expand outside the existing crypto communities and educate people about your product.

In the old days giving free BTCs when nothing else existed was a good strategy to promote BTCs. Giving away BTCs now to crypto investors will most likely result to sell these free BTCs rather than convince them to buy more. Things are not the same and strategies should change...Giving away small amounts of BTCs to people who don't know what BTC is and educate them how to use it is the way (i.e MIT students. They give them some BTCs but it will be explained to them how to use them and what they can do with these. BTC is then targeting new markets who would otherwise may have not been interested in BTCs )   

Having said that I believe that free airdrops should not amount more than 5%-10%. And not only that but I would think that it should be an agreement whereby we give to NMC holders x% portion of nameshares for free so they can try it and in return maybe they give us back a smaller portion of NMCs so we can try that as well. We will have the option if they do sell their nameshares to get more NMCs, we will also have the option to sell our free NMCs to get more Nameshares...

In addition, any airdrop to other communities should have limits to claim and sell their free shares and if these shares are not claimed I would say that it would be more fair to be redistributed to AGS shareholders whereby they gave away their liquidity.

Finally, I am not sure I understand why 10% should be kept from the developers.This is too technical for me so my reasoning here could be completely wrong but I would like to know what the 10% kept by the devs would help for. This might cause comments like a premined coin where the devs are keeping 10% which they may dump in the market whenever the DAC is profitable...As far as I understand once the code is released the DAC starts working. If someone wants to improve the code or make something else he could do so and allocate shares to whichever community he likes. It is up to us believing in .p2p success not to allow this, by upgrading this code and promote .p2p to everyone else.

All in all my opinion would be 45% PTS, 45% AGS and 10% for airdrops, marketing etc..Same would apply to all other DACs (maybe favor AGS more vs. PTS since I don't have many PTS anymore  )

By all means I don't want to offend the devs or anyone else...

[fuzzy]

Would there be any way to try to make connections with certain Web Browsers (Mozilla comes to mind) to form a strategic partnership in this space?

[puppies]

Ultimately what I want to see is a healthy Domain name dac that I can use to both purchase domains, and to navigate to websites.  In order for this to become a reality we will need a large base of content available on .p2p sites.  This in turn requires a large base of content seekers that are willing to install the browser extension. 

I think a limited airdrop with address caps and a half life and all that could be one way to increase the initial user base.

I would also propose targeted marketing to established content providers.  Rather than writing them in a balance in the genesis block I would offer them the opportunity to write their url into the genesis block.  All they would have to do in return is host an article talking about the weaknesses of our current centralized DNS system, and pointing their readers to the browser extension and url of their p2p site.  I would focus on content providers that are fighting for internet freedom, but would also extend the offer to other political dissidents.  This could help us move the user base to people that don't care about the blockchain, and aren't looking for an investment opportunity.

[fuzzy]

I only see this make namecoin more valuable, and convince the namecoin owner hold namecoin more tightly.

If you don't already own NMC it will still be cheaper to buy AGS or PTS.
If you DO already own NMC then we are betting that giving you free stuff will cause you to educate yourself and then hold your nameshares.

This is a solid point...