i really don’t like the airdrop model man

i think if people want tokens they should pay for them

nothing good comes from handing out exposure for free

Udi | BIP-420 🐱

Discuss https://x.com/udiWertheimer/status/1888962274037035334

I’m inclined to agree

Free shit gets dumped

Purchased equity makes people advocates

As people have pointed out there are exceptions. The common denominator is generally seems to be thoughtful selection of recipients

Yeah all those snipers and bots are such good advocates!!

Disagree. Good marketing. Good distribution. I can name a few projects that have done airdrops that have done pretty well.

Counterpoint: airdrops are designed to turn users of a product (or users of similar products) into the collective owners of the airdrop-correlated product. 

This is intended to be a foil to rich people, or even one single rich person, handily becoming the sole owner of all the tokens.

As these tokens function essentially as plutocratic power, the broader the distribution, the lower the chance of abuse, as it becomes harder to consolidate power. 

Additionally, the fewer people who hold, the easier it is to manipulate not only governance but token price.

So it’s far from perfect, but if you eliminate airdrops for users, you should eliminate the token altogether, otherwise it’s pretty well guaranteed bad outcomes.