BitShares Forum

Other => Graveyard => KeyID => Topic started by: toast on April 11, 2014, 05:06:15 pm

Title: Namecoin airdrop?
Post by: toast on April 11, 2014, 05:06:15 pm
Should we pre-allocate some fraction of DNS to namecoin holders?

Anyone who educates themselves enough to redeem their DNS will probably realize they should dump their NMC and support this effort.
The vast majority would never be redeemed and would just turn into dividends one year from now... so it's still sort of like allocating most of it to AGS/PTS. This makes me feel ok about allocating as much as like 20% to namecoiners.

This would also make it much more likely that people would honor .p2pshares directly... we might not need a DNS proto-DAC if all namespace DACs honor the previous players in the space and AGS/PTS directly.
Title: Re: Namecoin airdrop?
Post by: xeroc on April 11, 2014, 05:26:44 pm
brilliant idea
+5%

20% is ok in my opinion
Title: Re: Namecoin airdrop?
Post by: donkeypong on April 11, 2014, 05:33:21 pm
The more I have thought about this in general, the more it makes sense to reserve some DAC shares for holders of other coins. BTC is the obvious choice with such a huge community. But maybe a niche coin like Namecoin could help draw in the right kinds of people for DNS. OK with me.
Title: Re: Namecoin airdrop?
Post by: sumantso on April 11, 2014, 05:38:01 pm
Only thing is that I would like to avoid the exchange wallets; though I don't see how it can be made possible. Maybe put a cap on the allocation per address, or make it non-linear; or even a constant?
Title: Re: Namecoin airdrop?
Post by: toast on April 11, 2014, 05:42:39 pm
Neither would prevent sybils, which is only a concern if a rich namecoiner learned about the airdrop ahead of time.. The mega-wallets like exchanges could be dealt with by having a cap or non-linear reward
Title: Re: Namecoin airdrop?
Post by: santaclause102 on April 11, 2014, 05:46:33 pm
Has the AGS/PTS allocation been announced for DNS?
Do you mean 40/40/20?
Title: Re: Namecoin airdrop?
Post by: toast on April 11, 2014, 05:51:28 pm
Most recently we're thining 45/45/10 PTS/AGS/Devs. So 35/35/20/10?
Title: Re: Namecoin airdrop?
Post by: donkeypong on April 11, 2014, 05:53:15 pm
That would be cool, of course setting a time limit (1 year?) on the drop-coins.
Title: Re: Namecoin airdrop?
Post by: toast on April 11, 2014, 05:54:20 pm
That would be cool, of course setting a time limit (1 year?) on the drop-coins.

There is automatic 1 year 5% penalty... so a small source of dividends for a long time
Title: Re: Namecoin airdrop?
Post by: santaclause102 on April 11, 2014, 05:56:18 pm
Most recently we're thining 45/45/10 PTS/AGS/Devs. So 35/35/20/10?
That sounds like way to much to me for Namecoin given that this just serves to raise interest with Namecoiners. Their interest would be raised similarly with 5% or 1%. Also this might then seem as DNS shares are not worth much so they can be given away easily and as if we are desperate for Namecoin holders...
Title: Re: Namecoin airdrop?
Post by: sumantso on April 11, 2014, 05:58:33 pm
That would be cool, of course setting a time limit (1 year?) on the drop-coins.

There is automatic 1 year 5% penalty... so a small source of dividends for a long time

I think it should be a little more drastic. The airdrop is designed to get more people, who are more likely willing to participate in this, interested in this. If, in a few years, it becomes big and some Namecoin holder realises that and then breaks out the wallet to claim some free money - well thats not our target. We want people to be interested to make it a success, not award it to freeloaders who become bothered after it is a success.
Title: Re: Namecoin airdrop?
Post by: JoeyD on April 11, 2014, 06:12:10 pm
I don't mind giving namecoiners a piece of the pie.

Most recently we're thining 45/45/10 PTS/AGS/Devs. So 35/35/20/10?
That sounds like way to much to me for Namecoin given that this just serves to raise interest with Namecoiners. Their interest would be raised similarly with 5% or 1%. Also this might then seem as DNS shares are not worth much so they can be given away easily and as if we are desperate for Namecoin holders...
I don't have very strong opinions on the the percentages and if the announcement is worded correctly it might alleviate the problem of sounding cheap. Big selling point could be (it is for me at least) that we like the concept of namecoin, but we don't like the bitcoin centralized mining, so we propose this solution with a stake for current namecoin holders. There might be a number of other arguments that should clear things up in regards to our motivations. I don't think it would be bad to list our reasons for creating an alternative to namecoin and prove those motivations by reaching out a hand with no strings attached. A take it or leave it deal like this doesn't sound too bad to me.
Title: Re: Namecoin airdrop?
Post by: santaclause102 on April 11, 2014, 06:14:57 pm
What would be an allocation strategy that attracts highly valuable stakeholders, like great programmers/contributes?

Another thing for fast bootstrapping I could think of is to allocate say 10% to "community tasks": One person or a group of people come up with something that will benefit everyone, then they set a price to the task to be accomplished (the price would be justified by expanses for man-hours or external expenses): The shareholders then can vote whether the group/individual should go ahead. Some escrow guy then decides whether the task has been (partially) accomplished and the shares would be (partially) given to the people/individual.
Clains also made a great suggestion here: https://bitsharestalk.org/index.php?topic=4059.msg50889#msg50889

Those suggestions could be part of the developers share....
Title: Re: Namecoin airdrop?
Post by: santaclause102 on April 11, 2014, 06:54:45 pm
Shitty cross posting sorry...
I am a big supporter of the idea as you immediately have a bigger supporter base.
I would set time limits to claim your shares, like: Claim them in a month and you will get x, claim them within the following month and you get 1/2 of x. This creates a date that draws attention to Bitshares like the Bitshares Snaphot did otherwiese people will just say "I will try to understand Bitshares later as I can claim it anytime"... And as Sumantsu suggested I would finally limit the claiming period, see the other thread toast posted above.   
And I would do this with THE GOAL or THE FUNCTION in mind it is supposed to have, which is creating support and attention. Say 1% has half the effect that 5% has but it costs just 1/5... If you are giving away more than is necessary to support this function it is just wasted. The money could better be given to hiring more developers / a developer fund....
Title: Re: Namecoin airdrop?
Post by: donkeypong on April 11, 2014, 11:01:18 pm
YEAH! Love it. One other idea: why not end AGS early and allocate the remaining cut to BTC and othercoin holders? That would give them a stake in the whole chain, and not a fungible one because it is not liquid. Use it or don't, and if they don't, then it disappears (on a half life schedule, if you prefer). That would have the dual effect of increasing the value of AGS holders' holdings. Which I'm sure would minimize the pain of sharing.
Title: Re: Namecoin airdrop?
Post by: bytemaster on April 11, 2014, 11:26:33 pm
I like the idea of honoring namecoin holders with a small percent and adding a half life to their position. 

I think that adding a half-life to all genesis block positions to encourage people to download the wallet and start securing the network / finding bugs.   Perhaps something as simple as losing 10% per month if you do not claim your funds in the genesis block.

If you wait a while you still get something, but eventually the free give aways end.

I would then recommend that you give some to everyone with BTC and NMC....   this process works better if you have an easy to use wallet on launch and can use the news to generate solid first impression.   

Perhaps a better alternative is to give them 10% but not let them sell for 6 months.  Then they will see it grow and be less likely to sell.
Title: Re: Namecoin airdrop?
Post by: sumantso on April 11, 2014, 11:59:24 pm
Initially, I wanted a modification of DHL (Delulo's Half Life proposal), to make it a gradual decrease, but it seems this is better for marketing. Everytime the halving time comes up, there will be some extra attention.

Ah, the bytemaster seal of approval.

All opposed????????

Bytemaster suggested 10% decrease every month. I say keep it drastic (like DHL).
Title: Re: Namecoin airdrop?
Post by: luckybit on April 12, 2014, 02:34:21 am
I like the idea of honoring namecoin holders with a small percent and adding a half life to their position. 

I think that adding a half-life to all genesis block positions to encourage people to download the wallet and start securing the network / finding bugs.   Perhaps something as simple as losing 10% per month if you do not claim your funds in the genesis block.

If you wait a while you still get something, but eventually the free give aways end.

I would then recommend that you give some to everyone with BTC and NMC....   this process works better if you have an easy to use wallet on launch and can use the news to generate solid first impression.   

Perhaps a better alternative is to give them 10% but not let them sell for 6 months.  Then they will see it grow and be less likely to sell.

The problem with giving it to everyone with BTC is a lot of the BTC have been stolen or confiscated.

I think Litecoin should be chosen instead, or even better Peercoin. Namecoin of course makes the most sense.
Title: Re: Namecoin airdrop?
Post by: JoeyD on April 12, 2014, 05:49:08 am
The period must be long enough for the word to get around as well. Bitshares does not get a lot of exposure and very few people even in the crypto-scene are aware of it. Hell it took me quite a while to find it and I was actively searching expecting that there had to be projects like it out there and I still only discovered it after the ags-funding had started.

So I'm fine with an airdrop with some security measures taken, to prevent arbitrage or massive dumps etc., but it must be a well marketed airdrop not a silent one.
Title: Re: Namecoin airdrop?
Post by: fuzzy on April 12, 2014, 06:32:12 am
Everybody who has ever eaten a “free sample” at the grocery store obviously knows the power of such primal marketing.  But Delulo has a monumental idea here to modernize our free sample distribution method (create a half-life).

Applying a half-life here will assure that those less interested in their “free gift or airdrop” will be less likely to manipulate the price of BitsharesDNS later (when the market cap gets huge).

To the media, it will look as if our airdrop is more generous than it really is because we say that we are giving away 5-10% of BitDNS, but in reality, maybe only 3-6% actually claim their “free gift.”  And by the time a couple weeks pass, then it will no longer be a news story, so why should we still want to be giving away “free promotional coins.”  And who wants to be answering emails about people who are pissed off that they can’t get their “free coins!”  You need to cap the timeframe if you want to simplify the technical hassle of the distribution process as well (that is another legitimate excuse to tell the media).
No media person can spin this negative because the people who missed out on the offer can just go purchase these BitDNS shares on an exchange if they really want them, and the fact that that they did not redeem them within the 2 week window shows any reader that they were not really that interested after all.  So there can be no negative publicity for doing this, plus it will save us from giving away more of a stake than we need to.

Definitely have maximum caps at addresses over 100 BTC/NMC etc.  If the Winklevoss kids want to maximize their free gift, then let them take the time to get out of their Corvettes and move their bitcoins to multiple wallets, then they can take full advantage of the offer.  Otherwise, it’s a “rich get richer” scenario that we legitimately can say that we are purposefully avoiding unless the media wants to vilify Robin Hood (us).  Just realize that the media will not give us negative press for this lest they look like they are supporting the establishment.  Speaking of media softballs:

Here’s another idea, design your airdrop plan in a way that will automatically create softball media questions for you.   For example, I would give 3% to Namecoin holders, and 2% to Bitcoin holders.  This will beg questions from the media such as:
Why are you giving less to Bitcoin holders than Namecoin holders? (that will give you the opportunity to teach the media about the differences between Namecoin vs Bitcoin vs BitsharesDNS).

Basically you can construct your media interview based on your method of airdrop construction.  So that all you will get is softballs without having to defend any actions perceived as "selfish."

Just remember the big overall “airdrop” purpose picture:

The goal or function of the airdrop is to get media buzz and pique the interest of a target market (get a few coins into the hands of those who are actually using them).  Our goal here is not to create fair distribution but to make it more difficult for a BootlegBitsharesDNS clone to snipe our target audience after we release our application.  But we don’t have to tell the media that now do we?  To them it’s all charity, and efficient target marketing (no matter how little money we choose to spend on it).
This airdrop serves 2 purposes:

1.   The media can’t spin a negative story no matter how little of a stake we are giving away (because a 1% BitsharesDNS stake could be worth millions of dollars, but you won’t know until the market opens) because we are being more than generous by giving away free samples.  And after the market opens, if it looks like the BitsharesDNS shares are not worth much money (the media won't even be interested in a story at that point), then it will discourage copycat BootlegBitsharesDNS airdroppers because it won’t look like they can make much money in our space.  But if the 1% stake that we gave away is indeed worth a million dollars (the media will still be knocking at your door), the copycat airdroppers will be late to the party; and by airdropping any clones onto our target audience (who will already have a significant stake in the original BitsharesDNS application) they will only be spreading FUD because why would legitimate players be interested in a illegitimate game.  In other words:

2.   We cannot get scooped by the first clone who chooses to fork BitsharesDNS and release a large percentage of BootlegBitsharesDNS onto our target demographic before we can have the chance to get them interested (because we already piqued their interest).  An airdrop (free samples) is essential marketing that is designed to circumvent the copy cat “redistribution” business model.  Because even though the copy cat redistributer will be indeed giving away a whole lot more BootlegBitsharesDNS, the end users will already have “legitimate” BitsharesDNS in their possession that is already worth some actual amount of $money, where the redistributed BootlegBitsharesDNS have no value (in the absence of an actual market), and is perceived as such until a market for it is created.  Therefore, that fact that we are releasing BitsharesDNS in small batches does not change the fact that we are making the adoption of BootlegBitsharesDNS exponentially more difficult because:  who will be interested in a second market for BootlegBitDNS when they already have a stake in the first market (legitimate) BitDNS that has more current value.

Though this idea seems better, I feel it only centralizes more because the only people who will find it easy to redeem their wallets for shares will be individuals who are comfortable with the tech.  I know, I know...this seems like a simple idea for us, but it is not going to be simple for everyone.  On the other hand, airdropping these things might make exchanges pick up these shares faster...

I still do not know why we couldn't simply "Air drop" these shares to foundations that help fight for internet freedom, or give them a % of the dividends gained from auctions largely because foundations (like the EFF) have a great deal of clout and access to some very brilliant tech-savvy people in addition to legal powerhouses.  Am I missing something here? 

Still on the fence as I really think if we all put our heads together and bang away at this, we will find better ideas than air-drops to coins.  I am, however, far more interested in doing so for altcoins like Namecoin than for Bitcoin (though Namecoin is not too far off).  In the end, doing something like this simply because Ethereum plans to makes us look like a 2nd mover when, in fact, bitShares was a first-mover in this space. 
Title: Re: Namecoin airdrop?
Post by: slacking on April 12, 2014, 08:35:18 am
Excellent idea and I have no problem with 20% but how about this...airdrop on Namecoin holders first to see how it takes with the obvious targeted audience and if it generates a lot of buzz then come out with a media announcement that "the first airdrop was a smash success so we've decided to extend the offer to bitcoin and litecoin holders too!!!". Generate a pre-buzz with namecoin before the big-buzz that follows. I don't think I would be behind extending the offer to ALL the altcoins cause most of them are junk but why not the target audience and then a followup to the next two biggest coins? Promote the Namecoin airdrop directly in their forum/reddit (but not with press release) and promote the subsequent airdrop the same way but in conjuction with a big media press release. Beta test the airdrop in other words.
Title: Re: Namecoin airdrop?
Post by: biophil on April 12, 2014, 02:09:08 pm
Technical question: How will the half life idea (I love the idea, by the way) work in terms of Bips/dividends? Suppose NMC-holder genesis block coins lose 50% per month: will that 50% that's destroyed act like any other coin destruction; i.e., will the 50% be returned to shareholders as dividends? It seems obvious to me that this would be the easiest way to implement it.

Maybe this has already been discussed somewhere else, but this seems like a pretty cool effect. It means a couple things:

1) all early adopters get a bunch of huge dividends right at the beginning. Yes, this apparent increase in wealth will mostly be illusory because it's just a re-scaling of balances, but it will be fun! And it will a pretty good way for people to learn how dividends work in the Bitshares world.
2) If airdrop coins aren't claimed quickly, they're just given back to the shareholders. So even if the initial distro is 35/35/20/10, if only half of that 20% airdrop is claimed, the effective distro ends up being closer to 39/39/10/12 (I made those numbers up).

PR issues that will rear their heads:
1) An airdrop will probably really piss off the NMC devs. Of course, NMC devs will already be pissed since we're building a better product.
2) The half-life might make people feel like they're being coerced.
3) Smart people, of whom there are many in the crypto world, will understand that the flood of initial dividends is merely a re-scaling and it might make them feel like we're being dishonest.
Title: Re: Namecoin airdrop?
Post by: Avant on April 15, 2014, 02:34:08 pm
I only see this make namecoin more valuable, and convince the namecoin owner hold namecoin more tightly.
Title: Re: Namecoin airdrop?
Post by: toast on April 15, 2014, 03:22:02 pm
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.
Title: Re: Namecoin airdrop?
Post by: bitbro on April 15, 2014, 03:26:11 pm

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.

We will need to provide funnels for these nmc'ers so that they can educate themselves


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Title: Re: Namecoin airdrop?
Post by: MrJeans on April 15, 2014, 09:08:12 pm
That would be cool, of course setting a time limit (1 year?) on the drop-coins.

There is automatic 1 year 5% penalty... so a small source of dividends for a long time

I think it should be a little more drastic. The airdrop is designed to get more people, who are more likely willing to participate in this, interested in this. If, in a few years, it becomes big and some Namecoin holder realises that and then breaks out the wallet to claim some free money - well thats not our target. We want people to be interested to make it a success, not award it to freeloaders who become bothered after it is a success.
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.
Title: Re: Namecoin airdrop?
Post by: jwiz168 on April 16, 2014, 10:13:36 am
hmmm one DAC would not hurt . Let us see if this can be effective.
Title: Re: Namecoin airdrop?
Post by: fuzzy on April 16, 2014, 10:56:57 am
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...
Title: Re: Namecoin airdrop?
Post by: puppies on April 16, 2014, 04:36:41 pm
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.
Title: Re: Namecoin airdrop?
Post by: fuzzy on April 17, 2014, 09:57:59 am
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?
Title: Re: Namecoin airdrop?
Post by: mf-tzo on May 02, 2014, 11:34:13 am
Quote
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.

Quote
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...
Title: Re: Namecoin airdrop?
Post by: mf-tzo on May 04, 2014, 12:07:23 pm
any comments on the below post? Is the allocation decision final for 35/35/20/10 (AGS/PTS/NMC/DEV)?

and any comment for:
Quote
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.

Title: Re: Namecoin airdrop?
Post by: toast on May 04, 2014, 02:57:55 pm
Not final, we will come back to this more seriously later.

Sent from my SCH-I535 using Tapatalk

Title: Re: Namecoin airdrop?
Post by: Shentist on May 04, 2014, 04:22:00 pm
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.
Title: Re: Namecoin airdrop?
Post by: donkeypong on May 04, 2014, 04:48:57 pm

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. 
Title: Re: Namecoin airdrop?
Post by: bobmaloney on May 04, 2014, 05:27:09 pm
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).
Title: Re: Namecoin airdrop?
Post by: donkeypong on May 04, 2014, 07:37:38 pm
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.
Title: Re: Namecoin airdrop?
Post by: mf-tzo on May 04, 2014, 08:12:54 pm
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.
Title: Re: Namecoin airdrop?
Post by: luckybit on May 05, 2014, 03:41:03 pm
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!
Title: Re: Namecoin airdrop?
Post by: mdw on May 28, 2014, 08:50:48 am
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.
Title: Re: Namecoin airdrop?
Post by: xeroc on May 28, 2014, 09:05:47 am
Hi all, noobie noob here. Figured I'd offer my two cents instead of just lurking.
Welcome to the community!

Quote
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.
Title: Re: Namecoin airdrop?
Post by: mdw on May 28, 2014, 11:46:21 am
Hi all, noobie noob here. Figured I'd offer my two cents instead of just lurking.
Welcome to the community!

Quote
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.