Quote from: thejaytiesto on April 26, 2016, 05:48:11 PM

Quote from: jjacob on April 16, 2016, 09:55:27 AM

Quote from: From Above on April 15, 2016, 09:46:45 PM

Quote from: The Pharmacist on April 15, 2016, 09:35:52 PM

Quote from: From Above on April 15, 2016, 09:09:41 PM

Quote from: The Pharmacist on April 15, 2016, 08:23:29 PM

I'm sorry, maybe I don't read enough about crypto--what is an airdrop coin?

It actually means that once the coin is dropped on Bitcointalk, money is being generated out of air.

~CfA~

Not trying to be dense: Is that what it really means? I will say that I see a lot of coins for which that's exactly the case.

i was joking Wink

Check out Auroracoin for instance - a classic example of Airdrop.

~CfA~

Auroracoin is a classic example of why an airdrop won't work. Grin

There have been plans of air dropping even small amounts of bitcoins (in Dominica) to increase bitcoin adoption.

Auroracoin brings me bitter memories. I mined the fucking thing for hours on my very limited computer, managed to get like 30 AUR, I thought I could get some BTC out of that, then I wake up with a super mega pump that made my AUR be worth like 1.5 BTC. I was tripping. 1.5 BTC out of nowhere (just 3 days with my computer on mining all day).

Well, it turns out I was too greedy and too much of a noob to sell, so when it started going down I was like, "well it will go back up".
Ended up selling them months later for a couple satoshis. I guess it's better than actually lossing them on Cryptsy for nothing... geeez, it could have been my first 1+BTC. It took me a year to actually make 1BTC after that.

Wow that will be one shitty memory. I guess we all make that kind of mistakes in the beginning because of the euphoria that is created in your brain when it happens. When the price drops quickly this euphoria will vaporize and you can think clear again. I had this a couple of times when I was a noob also. Diddn't miss 1.5 but 1 btc i did. These days I have reminders on my wall that make me come to my senses and reach my goals. Glad you made your 1 btc after that the situation maybe made you a better trader then before.