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Since the entire supply has already been airdropped to select people how is this "money for the people" rather than crypto-cronyism?
by robjan 6y ago
Since the entire supply has already been airdropped to select people how is this "money for the people" rather than crypto-cronyism?
- donutloop 6y agoEco friendly, feeless, ultra fast, limited coin supply
- robjan 6y agoThat doesn't address the issue that I raised in that a "landed gentry" has been created by airdropping millions of tokens to a relatively small group of people. The only way to get hold of tokens is to buy them from these people.
- donutloop 6y agoBitcoin has so far only one use case holding it. It is to expensive to buy some small things with it, can't really scale without suffering high transaction price changes and depends on all miners. Bitcoin wanted from the begin revolutionize the money world didn't happened so far. Now everyone says it will replace gold. Just false promises.
- donutloop 6y agoPlease add a ref to this airdrop function.
- robjan 6y agoI didn't say there is an airdrop function. 100% of the supply of Nano have already been distributed by way of an airdrop. This is stated on the homepage of the project.
- donutloop 6y agoPlease create a quote from the website
- gus_massa 6y agohttps://medium.com/nanocurrency/the-nano-faucet-c99e18ae1202 https://medium.com/nanocurrency/the-nano-faucet-c99e18ae1202 It was a "faucet" instead of an "airdrop" but the effect is very similar, only a few early enthusiast got the coins.
- wesapien 6y agoHere's a post 6 months ago about the distribution. https://www.reddit.com/r/nanocurrency/comments/h7fmge/the_nano_faucet_distribution_visualized_and/ https://www.reddit.com/r/nanocurrency/comments/h7fmge/the_na... BTC isn't a tech for the commoner either. Institutional investors are swooping in and driving the price up. The mining isn't done by a bunch of people but data centers. China has a lot of influence in the network. I don't think that's a good thing.
- donutloop 6y agoI don't want to pay pretty high fees for each transaction.
- wesapien 6y agoI think this is universal. Most of the crypto are not owned by regular people ( whatver that means for you). You need to have some basic level of competency with tech to play around with crypto. If you forgot your password for your Stonks broker, your not SOL. Even computer/tech literate people have lost potential millions due to forgetting passwords or crashed drives. That guy in the UK is still hoping to dig out his laptop in a landfill for what could possibly be hundreds of millions of dollars/pounds in BTC. They know exactly where it is in the landfill because they kept track of where, when and what went in the landfill.