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> their money as opposed to making you to look for some another early adopter to sell those cryptocoins to. It is true that distributing one's own token is in
by noch 2y ago
> their money as opposed to making you to look for some another early adopter to sell those cryptocoins to.
It is true that distributing one's own token is in the effort of bootstrapping their network. But people tend not to value what they receive for free and don't care about, which is why many in crypto are against airdrops as a form of token distribution.
Nonetheless, the ambition is to distribute ownership of the network and thus incentivize users as well as decentralize ownership so that the token may become a commodity and the network more robust and valuable.
Time will tell if such experiments will succeed. Certainly, the SEC is watching.
As for "their money", if you look at the balance sheets of U.S. regulated exchanges and U.S. regulated crypto companies, you will note that these crypto tokens are listed and marked to a certain value and that this accounting is recognized legally in the U.S. These tokens are in fact valuable assets even if their moneyness is debatable.
- mistrial9 2y agotwo replies - legal regulated exchanges "define value" and/or markets that have demand and clear participation "define value" .. in fact it is both, and more than both.. good to discuss this generally in the USA at this time imho
- jowea 2y agoDon't airdrops restrict US persons? I mean I don't know if it's as strict as the Binance or FTX restrictions but still, the SEC is going to get involved?
- noch 2y ago> the SEC is going to get involved? The SEC exists to protect US citizens. They are only relevant as far as a company serving Americans wants to issue securities/tokens to US citizens. This is also why decentralization is desirable so that a credible argument can be made for a given token, that it should be viewed as a commodity, one day. And yes, some airdrops are not available to U.S. citizens.