what airdrops are currently:

- free money to farmers pretending to use your product to boost numbers so you can raise a fake VC round

what airdrops should be:

- a way of aligning incentives for your early supporters (who took on risk) and strengthening your protocol's network

ceo @ helius.dev, host @ lightspeed, ex coinbase — wartime shitposter

airdrop farmers take on the same absolute risk but not the same relative risk as retail early adopters and that’s why they get the hate

Horrible airdrop design recently. It’s always either rewarding pseudo users or whales that use a lot of capital to farm but never stay long term.

the latter is what we are doing at Synatra

Yeah I get excluding Sybil attackers, and I get having blacklists for OFAC addresses or whatever. But I can’t wrap my head around excluding people based on them not having enough money, or being born in the wrong country.