Bitfloorsghost on Farcaster

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Bitfloorsghost pfp

@bitfloorsghost.eth

The issue with requiring people basically never sell airdrops in order to qualify for future airdrops is two fold 1. It once again rewards people who already have money For many people here a 50 dollar airdrop is significant, so it’s a bit exploitative to punish them for using money that could improve their lives. This is no issue for people who already have a lot of money - rich get richer. 2. It’s ultimately an attempt at gaming normal market forces, which never works out It’s basically a form of soft staking, and we all know staking doesn’t work to prevent sell pressure Ultimately, if you make a good product, people won’t sell it. It’s on the teams to make their product attractive so we want to hold it, not just threaten people if they want to improve their lives. Carrot, not the stick

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Dan Romero pfp

Airdrops are evolving into more efficient marketing spend. Traditional airdrops are like brand advertising. Big numbers, happy accounts posting on social media, but no CAC/LTV. They will start looking more performance ads. I spend X to make Y. Regulatory change in the US will accelerate this. I don’t make the rules, just observing how it’s changing.

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aferg pfp

This is what has been largely alienating me from this space the last couple of years…how everything just reinforces rewarding the same winners at the top over and over https://farcaster.xyz/aferg.eth/0x2fc92973

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𝑺𝒘𝒊𝒎 pfp

𝑺𝒘𝒊𝒎

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MikaDoe pfp

The team that airdropped $pro is the same team that airdropped $social a while back and $pswap recently. They didn't punish anyone for selling any of them. In fact I asked the deployer and he said you should do what feels right to you. I get the feeling that he is experimenting with different tokens.

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Joe Blau 🎩 pfp

On point 1, crypto has ALWAYS rewarded people with more money. Even back to Bitcoin, the people who had the best mining hardware received more rewards. Crypto doesn't change economic structures (even though many people would like to believe it does). On point 2. There are three dynamics in a token. Buy/Hold/Sell. Buying makes number go up, hold keeps number up, and selling makes number go down. Bitcoins entire price run up is based on "soft staking" so to say it doesn't work ignores the highest appreciating asset of all time (that still seems to be going up). And Bitcoiners are "soft staking" without any actual yield, or reward —- it's just "HODL" The key value of the airdrop is to identify which community members are valuable (🥕) and which ones aren't (🪾). You need to separate Roger Ver, Ross Ulbricht, and Andreas Antonopoulos, from early Michael Saylor, Peter Schiff, and others who aren't aligned with the vision. Carrot AND stick

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Rico 🎩 pfp

Wouldn't have said it any better. A fun product won't have to set such rules to secure user activity. If it's good, user retention would be natural.

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not_not_Duna 🍖 pfp

not_not_Duna 🍖

let them lose, no reason to hold something you didn't choose to hold

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Derek pfp

"Ultimately, if you make a good product, people won’t sell it. It’s on the teams to make their product attractive so we want to hold it, not just threaten people if they want to improve their lives." That, right there, is the highlight of this cast. Make your product attractive!!! Many people are holding $DEGEN, even though some sell.

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Shishir 🎩☔ pfp

Shishir 🎩☔

The idea of giving airdrops and expecting people to not sell is absurd lol and punishing them? wtf

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vali pfp

You just said it 💯

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Athxna 🎯🐈‍⬛ pfp

Athxna 🎯🐈‍⬛

Thanks for sharing this for us all to see because it's something I never really thought of but is very true.

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IamWessel pfp

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Genius Creative pfp

Genius Creative

@geniuscreative

Exactly you are right

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madyak pfp

👏 Louder for the mfers in the back

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Mikolaj pfp

Be me: get 2 first Farcaster AirDrops, swap them to usdc and deposit to 300% apy. Big L 😕

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AusaR🎩 pfp

https://farcaster.xyz/ausar/0xd854e2a6 TLDR: quick-swapped airdropped tokens in a mini-app that required usdc (prompted by warplet to do so) and forgot about the punishment. sold 2$ worth of tokens 1-2 times in march and haven't gotten a farcaster airdrop since. this account is basically a top eligibility account and still, haven't qualified for $BETR, $WTC , Circus, noice...

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sonofsteppes pfp

The reward pool is not large and beginners on the path of a mini-application developer in Farcaster have no funding other than their own investment and will try to distribute only to loyal and active people! What's the point of giving it to those who sell the first seconds without even thinking? On the contrary, we need to support the Startup so that it grows and all communities will grow together.

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h & art blk pfp

key: "an attempt at gaming normal market forces, which never works out" everyone would do well to remember this

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barabazs pfp

How do the rich get richer if they don't sell?

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