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Bitfloorsghost pfp
Bitfloorsghost
@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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Joe Blau 🎩 pfp
Joe Blau 🎩
@joeblau
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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