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General Discussion / Re: Airdrop - Food for thought.
« on: April 13, 2014, 07:03:08 pm »
for an outstanding explanation
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Could not regenerate the same key .. gonna recheck when back home
I used the official binary to reregister my new key . But once i compiled from githib source i could generate the same pubkey from identical inputs :-(Did you mean you "could" or "could not" generate the same pubkey?
Good point!A lot of discussion on airdrops has been going on recently and I would like to add a new twist.
1) I like the half life concept... 50% drop every month until balance is below 1 BIP.
2) Unclaimed air-drop funds should be sent to developers.
3) Altcoin owners are likely more valuable than BTC owners because BTC-only owners are usually altcoin snobs.
4) I recommend honoring all of the top 10 bitcoin-based alt-coins proportional to market cap. This will get the widest possible airdrop.
5) Don't honor coins with large pre-mines...
If you set this up right, the developers can avoid any accusations of 'pre-mine' because everyone had an opportunity to claim it, unclaimed funds go to devs... this also solves the problem of dead coins being honored.
I like half-life & especially like the idea of marketing it to the top 10 alt-coins (excl. large pre-mine.) For me it's not just because many Bitcoin owners are alt-coin snobs but mathematically our airdrop will at best give the avg. Bitcoin owner a couple of cents but could give the average alt-coiner a $1+
I dislike the idea of unclaimed funds going to developers. This incentivises developers to promote large airdrops where there will be few claimants.
- I think you had it right in another post that market is coming round to developers getting a fairer share for their work. A developer who got 5% pre-mine would be seen much better in the eyes of the community than developers who organised a big airdrop in such a way that it left them with a 5% stake because of unclaimed shares.
- If the unclaimed shares are destroyed, then the community can risk quite big attractive headline grabbing airdrops knowing that given only X% will claim, the actual airdrop will be much smaller.
Just to add a little conceptual DNA, stir the pot and stand back 50 kilometers...I like that idea! So that at the end a holder of 10BTC also has 10bitBTC .. and so on!
Why not simply give each leading mined coin developer a matching DPOS coin that pays interest and honors them one for one? (PTS and AGS holders get their 10% out of the as-yet-unmined-and-never-to-be-mined-since-mining-is-dead reserve in each coin for providing the free upgrade.)
Now every coin owner has a copy that shares profits and a copy that doesn't. Upgrade the whole alt-coin community in one swell foop. Then let market forces handle the inevitable switchover to the upgrade at whatever pace individual investors choose.
BitShares gift to crypto-owners everywhere. (As long as we're doing promotional stunts.)