Bitcoin Forum

Do you think it's possible to give away a vast majority of a coin and not have it be labeled a "scam"?

Can a coin distribution be by giveaway to devs/supporters/promoters/users and then run on a PoS algo - and still be considered a serious project?
The coin would NOT be given away to a large group just because they asked for them in this scenario. So an "airdrop" distribution may not be totally accurate term.

Instead of doing an ICO or PoW distribution. This would be a way of launching a blockchain project without any "coin sale" or traditional mining. Value would only be realized if the coins started trading for more than their cost of zero. Those participating would only see gains if they believed in the project and held their coins till value is realized from such trading. The coins would also theoretically have value at some point based on their utility within the system being built - once said system is functioning.

No, Tokens that are PoS are totally scam. Just the developer and his helpers/workers/promoters take profit from it.
For a coin or token to be accepted by everyone, it should have some value to obtain.

I can imagine that airdrop doesn't have to be viewed as scam per se, depends how transparent it is and how many coins DEVs will keep for themselves etc.

I gave away FLASH coins as airdrop and I am not from the dev team nor related to it anyhow. Went fairly well except the fact that there will be tons of cheaters who try to get as much coins as they can get their hands on.

If I receive a coin free, I have a hard time calling it a scam coin. How in hell can I be scammed that way ???

SCAM is a too common word here.

For me labeling airdrops with the word scam is totally unfair...
First of all,  i the real world we can consider something as a scam if you were giving something to someone upon an agreed exchange...
In an airdrop you werent giving devs/mods anything in exchange for receiving an airdrop..
So for this cant be considered as a scam since they are not taking anything from instead they are giving something to you....
:D

it depend, some give you free coin, but want your information, like facebook or register on their forum to see your ip and then do a ddos attack or hack your computer, so be aware, free coin don't means not scam

Hack a computer only with IP information?

I think you are watching too many Holywood hacker movies ???

Just use fake infor and accounts if needed.

So the general consensus is that giving away coins is a fair method of distribution as long as the method is honest and transparent.

Pretty straight forward. You can't have a "scam" as they say.... without someone losing funds to some kind of trickery.
Some people seem to have an unusual definition of "scam" though so... there is always that.

It still seems that PoW distribution is still the most respected. Even with some premine for development and giveaways.
And on the other end an ICO distribution seems to be the most likely to end in the "Scam" accusation.

I know this all seems obvious to many. I am just checking the climate....

every new coin will be labelled a scam by someone. especially if it competes with a coin they have an interest in.

 hiwever there are coins out there that are labelled scams but can't be. like deeponion. its a free airdrop over 40 weeks with no financial risk. click my sig to learn more about it

A coin that is 90% pre-mined, has a self moderated ANN thread and for some reason called their signature campaign "airdrop", creating dozens of signature shills?

Doesn't sound suspicious at all indeed

From my own point of view, I don't really see an Airdrop as scam. I only see the unsuccessful ones as waste of my precious time !!

Free coins are... free. Why scam?
                                                         
You can call it scam if you buy it and it goes wrong

It's really fair if the coin has made to be the airdrop has an intention to make a free money without the more development by the developer. Is anyone want to pay the freecoin with their money? The airdrop just like free money for all of the participant. Without the further development and it can be labelled as a scam method.

So it's pretty clear that if the developer is creating fake accounts and routing a vast majority of the airdrop coins to himself - that would be bad. Scam.
If the dev goes through the process of getting the coin listed on an exchange and dumps all his coins and never develops the project in any way. Scam.
Or if the dev says he is giving away coins to a signature campaign but somehow conveniently skips a whole bunch of people and keeps the coins. Scam.

Or even worse a combination of the three! :P

Although in neither case does anyone lose any money since the coins were free. But if time = money.... well shit!
Unless you happen to sell before hell breaks loose. Ahhh the games we play here!

Would be cool if someone wrote an algo that could asses scamminess. Quantify it and put it in graphical form based on amount of negative posts and who is posting them.

I want to be clear -- "scam" is thrown around towards every project these days and I think it's massively overused. We are grownups and know that not all these projects are what they appear. That is the nature of the industry and part of the risk we take. No different than investing in traditional stocks as well.

I would be a bit more pissed though if I bought into an ICO and the price dropped 80 percent within weeks. As compared to a free distribution model that went wrong.
It's weird though because that happens to some degree in the stock market when IPOs open and then start trading for half or less than their IPO price. This has happened to many major companies over the years.

So far the coins I received, when I had the need to sell them I could already get 0.327 btc and thats all for free (40 posts in btctalk ). Would somebody who call it scam send me for free 0.327btc? Feel free to pm me.

The word "scam" is a highly misused word nowadays. Some people fell for it, their definition for it is displaced. Too much conspiracy theory might be the cause behind their mind. It might be because of some experiences or fears that they have since early in their lives. They have lost sense of what's real and what's imaginary in some things. Sometimes they believe they're always right and others are wrong. That's why it's easy for them to be one-sided, and that's being less open-minded. These people need help. They're always afraid. They think everything or most things given for free are baits or traps. Though it is important to be always on alert, don't over-do it; lest you will find yourself looking or doing exactly like the very thing you're accusing others of.

It is such a pity that many of the airdrops are often either a scam from the dev side or from the many people who try to cheat with multiple accounts. On the other hand, the sincere airdrop coins with strong dev teams are able to sift out most cheaters.

People call anything where they don't making money right away a scam
But if they get free money instantly it's good there just misusing the word because of there greed

I don't see any scam label here.

Masternodecoin Airdrop: https://bitcointalk.org/index.php?topic=2056867.0

Another Airdrop is here https://bitcointalk.org/index.php?topic=2068554.0

Good luck