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Author Topic: All airdrops are ponzi schemes?  (Read 1422 times)
VTS
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October 01, 2017, 05:35:01 PM
 #1

I personally never participated in any airdrop as there are voices around that ALL airdrops are ponzi schemes!

Whats your thought about this "statement"?

Can some1 give deeper insight and background info about the airdrop principle and why some people telling its a ponzi scheme or MLM technique?


We (Licensium Team) where thinking months back on airdrop but decided to go the ico way!



Thx in advance!

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October 01, 2017, 05:37:54 PM
 #2


I personally never participated in any airdrop as there are voices around that ALL airdrops are ponzi schemes!

Whats your thought about this "statement"?

Can some1 give deeper insight and background info about the airdrop principle and why its a ponzi scheme or MLM technique?


We (Licensium Team) ( Ann:https://bitcointalk.org/index.php?topic=2129844.0) where thinking months back on airdrop but decided to go the ico way!



Thx in advance!

What do you mean airdrops are ponzi schemes? They are just what the term confines: airdrops. Byteball is an airdrop, is it a ponzi scheme? I don't think so. Even if generally airdrops are a weak way to distribute coins, if the project is solid like Byteball, I don't see why would you accuse it of being a ponzi only because the distribution method are airdrops. IT needs further explanation to me.

Ponzis usually involve some sort of guaranteed return or something scammy, and I dont think Byteball is scammy.

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VTS
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October 01, 2017, 05:40:52 PM
 #3


I personally never participated in any airdrop as there are voices around that ALL airdrops are ponzi schemes!

Whats your thought about this "statement"?

Can some1 give deeper insight and background info about the airdrop principle and why its a ponzi scheme or MLM technique?


We (Licensium Team) ( Ann:https://bitcointalk.org/index.php?topic=2129844.0) where thinking months back on airdrop but decided to go the ico way!



Thx in advance!

What do you mean airdrops are ponzi schemes? They are just what the term confines: airdrops. Byteball is an airdrop, is it a ponzi scheme? I don't think so. Even if generally airdrops are a weak way to distribute coins, if the project is solid like Byteball, I don't see why would you accuse it of being a ponzi only because the distribution method are airdrops. IT needs further explanation to me.

Ponzis usually involve some sort of guaranteed return or something scammy, and I dont think Byteball is scammy.


DON´T GET ME WRONG! I DON´T ACCUSE!

I want to know more about airdrops and why some people telling its ponzi scheme!

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October 01, 2017, 05:43:26 PM
 #4

I don't think airdrops are ponzi-schemes but they are premined scams.


People are trusting the devs that they'll distribute the coins fairly while there are no guarantees at all for that. And cryptos should be absolutely trustless so airdrops (and ICOs) are taking a huge step backwards.

Also, people can buy bitcointalk accounts (legal but discouraged) and participate in airdrops multiple times.

So the "devs" might have 50 sockpuppet accounts they ask coins to. It's basically the next iteration of the "x% premined" scam as it is not that transparent.


There's also the argument that if a dev creates coins/tokens out of thin air for absolutely free (airdrop/ICO), those coins are worthless. The dev is just convincing people they're not worthless as if he would sell rocks lying around telling people they're valuable. With mining at least creating a coin actually costs money which creates a floor price.
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October 01, 2017, 05:46:50 PM
 #5

I don't think airdrops are ponzi-schemes but they are premined scams.


People are trusting the devs that they'll distribute the coins fairly while there are no guarantees at all for that. And cryptos should be absolutely trustless so airdrops (and ICOs) are taking a huge step backwards.

Also, people can buy bitcointalk accounts (legal but discouraged) and participate in airdrops multiple times.

So the "devs" might have 50 sockpuppet accounts they ask coins to. It's basically the next iteration of the "x% premined" scam as it is not that transparent.


There's also the argument that if a dev creates coins/tokens out of thin air for absolutely free (airdrop/ICO), those coins are worthless. The dev is just convincing people they're not worthless as if he would sell rocks lying around telling people they're valuable. With mining at least creating a coin actually costs money which creates a floor price.

Thank you! Appreciate your time and will to educate me!

My thought till now was actually that airdrops are worthless, but again they might be not if a real value stands behind them or good project... yet I do not feel confortable to join airdrops and I cannot tell it why...

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October 01, 2017, 05:58:56 PM
 #6

I don't know why airdrops should be considered ponzy schemes or scams. Maybe I'm getting it wrong, but aren't they just free money? I consider BCH as an airdrop, and I enjoyed it. I also participate in byteball aridrops, and I like them as well. There is no risk for me, I can just sell the coins if I don't believe in the project, so I don't know how I can be scammed with these. Maybe I'm not seeing the big picture here, I don't know.

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October 01, 2017, 06:07:30 PM
 #7

I don't know why airdrops should be considered ponzy schemes or scams. Maybe I'm getting it wrong, but aren't they just free money? I consider BCH as an airdrop, and I enjoyed it. I also participate in byteball aridrops, and I like them as well. There is no risk for me, I can just sell the coins if I don't believe in the project, so I don't know how I can be scammed with these. Maybe I'm not seeing the big picture here, I don't know.

Yes well, is there are big picture behind it?

That is the reason why I opened that thread. Because as said Im not feeling comfortable to join airdops, but I lack on knowledge about airdrops and possible risk it might contain. Like joining possible scam and being part of distributing possible scam... I duno...as said  Im not comfortable with it. Would like to know more about it. Some deeper insights....

Im not saying all airdrops are scam as I dont know it... but want to know more about it..

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October 01, 2017, 06:10:43 PM
 #8

I don't know why airdrops should be considered ponzy schemes or scams. Maybe I'm getting it wrong, but aren't they just free money? I consider BCH as an airdrop, and I enjoyed it. I also participate in byteball aridrops, and I like them as well. There is no risk for me, I can just sell the coins if I don't believe in the project, so I don't know how I can be scammed with these. Maybe I'm not seeing the big picture here, I don't know.

Yes well, is there are big picture behind it?

That is the reason why I opened that thread. Because as said Im not feeling comfortable to join airdops, but I lack on knowledge about airdrops and possible risk it might contain. Like joining possible scam and being part of distributing possible scam... I duno...as said  Im not comfortable with it. Would like to know more about it. Some deeper insights....

Im not saying all airdrops are scam as I dont know it... but want to know more about it..

You receiving coins from an airdrop is not the scam. The scam is the airdrop itself. Is it really shared to the investors fair. Or is 10% going to investors and 90% to the developers. You can't verify it. But it comes with trust, if you trust a coin/team than you will trust an airdrop, else you wouldn't invest your money in it

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October 01, 2017, 06:22:40 PM
 #9

A ponzi scheme is where new investor funds are used to pay older investments. Eventually such a scheme will fail. Airdrops do not require investment and therefore cannot be considered ponzi.
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October 01, 2017, 06:25:18 PM
 #10

AirDrops can't be "ponzi" schemes unless they are not an airdrop. Giveaways are not allowed here in bitcointalk anyway so ad spam isn't something that would bother you here. Nevertheless, if they aren't asking for money they can't be a ponzi. ICO's on the other hand, it depends on what they offer. Some like Centra are outright offering rewards to premium users with funds of others.














 

 

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VTS
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October 01, 2017, 06:26:28 PM
 #11

A ponzi scheme is where new investor funds are used to pay older investments. Eventually such a scheme will fail. Airdrops do not require investment and therefore cannot be considered ponzi.

Well participating in airdrop might push the coins acceptance, and price on some way, no?  So you actually do not invest in participating with money but you do distribute the coin, project on some way, no? So if a project or coin is possible scam, so you might be a part of that scam, no? Airdrop seems to me not transparent... duno, just a feeling as said. As more I learn as more I might change my feeling about airdrops, tho

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October 01, 2017, 06:33:30 PM
 #12

"All airdrops are ponzi schemes?"

No, I don't think so. It's just a way to distribute coins. Of course there are some scams that use airdrops to create publicity and get investment. But equally there are plenty of legitimate airdrops - what about OMG airdrop to ETH holders? And a Stellar Lumens airdrop a while ago too, there are plenty of examples of genuine projects running airdrops.

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October 01, 2017, 06:34:28 PM
 #13

I personally never participated in any airdrop as there are voices around that ALL airdrops are ponzi schemes!

Whats your thought about this "statement"?

Can some1 give deeper insight and background info about the airdrop principle and why some people telling its a ponzi scheme or MLM technique?


We (Licensium Team) ( Ann: https://bitcointalk.org/index.php?topic=2129844.msg) where thinking months back on airdrop but decided to go the ico way!



Thx in advance!
This is a silly statement. Personally, I know many successful airdrops where the altcoins went on to become very successful. Currently, the DeepOnion airdrop is a good example of a successful airdrop which is clearly not a ponzi.

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October 01, 2017, 06:44:50 PM
 #14

I think ponzi schemes are different. I believe the coins who wants you to refer to another participants to get more coins would come close to being ponzi scheme (but not exactly). Free airdrop is just airdrop to raise awareness about the project and hoping that from beginning you have a follower of the projects compared to building a loyal followers from scratch. With amount of ICOs and projects we have right now, airdrop makes more sense.

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October 01, 2017, 07:17:14 PM
 #15

I think ponzi schemes are different. I believe the coins who wants you to refer to another participants to get more coins would come close to being ponzi scheme (but not exactly).  With amount of ICOs and projects we have right now, airdrop makes more sense.

That´s an interesting thought! Thx

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October 02, 2017, 01:24:00 AM
 #16

It's essentially a way for a coin to immediately "create" a market from thin air. They give everyone a piece, find an exchange to list the coin, most of them also have the community develop parts of the project.

Free money, an instantly created market and community built around it. Sounds too good to be true and it probably is, but might as well gather them in your free time, nothing to lose right? Some of them end up paying off in the end you just either have to get in on the first couple of rounds, or get lucky with a couple of them by holding everything you accumulate.

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October 02, 2017, 10:00:56 PM
 #17

I don't know why airdrops should be considered ponzy schemes or scams. Maybe I'm getting it wrong, but aren't they just free money? I consider BCH as an airdrop, and I enjoyed it. I also participate in byteball aridrops, and I like them as well. There is no risk for me, I can just sell the coins if I don't believe in the project, so I don't know how I can be scammed with these. Maybe I'm not seeing the big picture here, I don't know.

Yes well, is there are big picture behind it?

That is the reason why I opened that thread. Because as said Im not feeling comfortable to join airdops, but I lack on knowledge about airdrops and possible risk it might contain. Like joining possible scam and being part of distributing possible scam... I duno...as said  Im not comfortable with it. Would like to know more about it. Some deeper insights....

Im not saying all airdrops are scam as I dont know it... but want to know more about it..

Well and I gave you my opinion. How can it be a ponzi scheme? By definition a ponzi scheme is when the founder generates returns to old investors by payments made by new ones. You can't enter a ponzi scheme for free. If I enter a project through an airdop, I get coins for free, and I can just sell them right away. If I'm doing that, how can I be generating profits for the old investors? If I'm just selling and getting the free cash, I will probably just decrease the price of the coin. Normally that's what happens to byteball after every airdrop. Those who don't realy believe the project just sell their coins and the price drops a bit.

If you said that you are suspicious about some airdrops and you are afraid of installing their wallet in order to receive the coins etc, then I might understand your question, but you only talked about ponzi and MLM, and I don't see how that could make any sense, from the definition and mechanics of these types of strategies.

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October 02, 2017, 10:09:32 PM
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Air cast is a freebie. And freebies are not superfluous. But, you can get on viruses if you download a purse.

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October 02, 2017, 10:30:50 PM
 #19

There are some projects that already did a fair distribution but remember there si a lot of the airdrop with premined to dump it into the market such as deep shitty scam onion with its 90% pre mined coin goes to the developers. What a crap.

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Zeeks
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October 02, 2017, 10:33:13 PM
 #20

In my opinion, no.
If you feel an airdrop is a ponzi then you'd have to feel the same about regular distribution through mining with cpu or gpu power. Airdrop is pretty fair if you ask me.

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