5 ms·
Starting in the last week or so, hordes of fake people were beginning to come in, far beyond the capacity of Keybase or SDF to filter. Assumptions regarding th
by kjhughes 7y ago
Starting in the last week or so, hordes of fake people were beginning to come in, far beyond the capacity of Keybase or SDF to filter.
Assumptions regarding the original purpose of the air drops:
1. Stellar's goal was to spur use and circulation of XLM.
2. Keybase's goal was to increase their user base.
I think they both took the easy way out: Give-away and pray.
If Stellar wanted to increase circulation, they should have rewarded transfers and payments. Keybase could have supported that effort via their infrastructure and possibly convinced their existing user base to become more active on their platform. I suspect that they'd have gotten much farther by demonstrating value to existing customers than trying to attract (buy, in the basest sense of the term) new ones.
Opportunity lost, it would seem.
- wheelerwj 7y ago> they should have rewarded transfers and payments. It doesn't matter what they would have rewarded, it was going to be gamed. This is a fact of life on the internet.
- kjhughes 7y agoSure, but when you're fighting a public perception that cryptocurrency is a value store to be bought and held for huge windfalls, just giving it away won't change perception or behavior. Incentivize people to learn to transfer, spend, trade, or somehow use the currency rather than hoard it (or immediately cash it out as many of the fake users were likely doing).