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Note this airdrop was implemented on the Handshake blockchain and just went live today. If you had over 15 followers on GitHub in Aug 2018 you were included and

Note this airdrop was implemented on the Handshake blockchain and just went live today. If you had over 15 followers on GitHub in Aug 2018 you were included and get 4662 HNS (worth $2000+ at current market price). If you’re eligible, we created these instructions on how to claim here https://namebase.io/airdrop https://namebase.io/airdrop.

dublinben 7y ago
With the tax implications of cryptocurrency in the US, it's rude to 'airdrop' or give it to people without their consent.
- rasengan 7y ago
  This is exactly the concern that the GooSig private airdrop addresses. Nobody has any obligation to claim their coins, and even if they do, it will be private and nobody will know. This is unlike Bitcoin forks or ERC-20 airdrops, because it’s 100pct opt-in.
- stevewodil 7y ago
  Only taxable if you claim it and convert to fiat. How is free money rude?
  - verdverm 7y ago
    You have to pay taxes when claimed, and again when a transaction occurs. The rule is you need to pay taxes on the value when you receive them, and then the profit / loss when you convert them to fiat, or another currency. Both are taxable events.
  - boring_twenties 7y ago
    This is incorrect, it's taxable even if you never convert it.
- troquerre 7y ago
  It’s not an ethereum airdrop which goes to an address you already own. You don’t have the coins until you deliberately claim them, so it’s opt-in.
- oh_sigh 7y ago
  Making a mark in a private ledger does not count as a taxable event for anyone. If I say in my diary "I give $100,000 to dublinben", or "dublinben can claim $100,000 from me for free by just asking", nothing has happened yet from the perspective of the IRS.
  - rvnx 7y ago
    Here is more the equivalent of "Here is a coupon to redeem 100,000 USD from me", which is essentially currency / debt already
oh_sigh 7y ago
How long could the market support a bunch of github users cashing out their $2000 worth of coins?
- obenn 7y ago
  This is conditional on the perceived value of the domain names these coins offer.
chill1 7y ago
1) Requires a private SSH/GPG key that was associated with your GitHub account at some arbitrary date in the near past. It would be trivial to design a cryptographic scheme to prove ownership of a GitHub account without compromising private keys. So why do it the way they have? 2) Requires that you provide government issued identification (and possibly more) to be able to withdraw or sell the airdropped tokens for USD or bitcoin. Call me paranoid, but this feels like a honeypot. It feels like an attempt to compile a database of programmers/developers (and their real identities) - with a bit of a bias towards those with knowledge in the areas of cryptography and/or cryptocurrencies. Even if that is not the intent. Would you trust this company to safely store such information about you?
- rasengan 7y ago
  1) Nowhere is a private key exposed in the process. I do not know how you came to this conclusion after reading the paper and the code. 2) Namebase definitely makes things easier, but you can absolutely claim your airdropped coins locally on your own computer. As a final note, if you think this is targeting those with knowledge in the areas of cryptography, I assure you, any cryptographer who reviews the code and paper would not have the same conclusion as you.

dublinben 7y ago

With the tax implications of cryptocurrency in the US, it's rude to 'airdrop' or give it to people without their consent.

rasengan 7y ago
This is exactly the concern that the GooSig private airdrop addresses. Nobody has any obligation to claim their coins, and even if they do, it will be private and nobody will know. This is unlike Bitcoin forks or ERC-20 airdrops, because it’s 100pct opt-in.
stevewodil 7y ago
Only taxable if you claim it and convert to fiat. How is free money rude?
- verdverm 7y ago
  You have to pay taxes when claimed, and again when a transaction occurs. The rule is you need to pay taxes on the value when you receive them, and then the profit / loss when you convert them to fiat, or another currency. Both are taxable events.
- boring_twenties 7y ago
  This is incorrect, it's taxable even if you never convert it.
troquerre 7y ago
It’s not an ethereum airdrop which goes to an address you already own. You don’t have the coins until you deliberately claim them, so it’s opt-in.
oh_sigh 7y ago
Making a mark in a private ledger does not count as a taxable event for anyone. If I say in my diary "I give $100,000 to dublinben", or "dublinben can claim $100,000 from me for free by just asking", nothing has happened yet from the perspective of the IRS.
- rvnx 7y ago
  Here is more the equivalent of "Here is a coupon to redeem 100,000 USD from me", which is essentially currency / debt already

oh_sigh 7y ago

How long could the market support a bunch of github users cashing out their $2000 worth of coins?

obenn 7y ago
This is conditional on the perceived value of the domain names these coins offer.

chill1 7y ago

1) Requires a private SSH/GPG key that was associated with your GitHub account at some arbitrary date in the near past. It would be trivial to design a cryptographic scheme to prove ownership of a GitHub account without compromising private keys. So why do it the way they have? 2) Requires that you provide government issued identification (and possibly more) to be able to withdraw or sell the airdropped tokens for USD or bitcoin. Call me paranoid, but this feels like a honeypot. It feels like an attempt to compile a database of programmers/developers (and their real identities) - with a bit of a bias towards those with knowledge in the areas of cryptography and/or cryptocurrencies. Even if that is not the intent. Would you trust this company to safely store such information about you?

rasengan 7y ago
1) Nowhere is a private key exposed in the process. I do not know how you came to this conclusion after reading the paper and the code. 2) Namebase definitely makes things easier, but you can absolutely claim your airdropped coins locally on your own computer. As a final note, if you think this is targeting those with knowledge in the areas of cryptography, I assure you, any cryptographer who reviews the code and paper would not have the same conclusion as you.