Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcore - BTX - SEGWIT - BLOOM - ONLINE - CORE 0.14.1 -431110+ BTX Claimed
by
gwestcot
on 20/09/2017, 13:12:36 UTC
Did not really understand about snapshot of the bitcoin blockchain in october. The owners of bitcoin must clime their BTX additionally again?

i think they have another chance to claim their btx ,but only 40% . the plan still not talk about the final airdrop.
And from what fund will these 7 million? From the 15.5 million?
Yes, there is still no information on the scheme of the final airdrop.

If you just read the announcement carefully all the information is there. There will not be a final airdrop in november. The 3% will continue untill all the unclaimed coins from the orginal snapshot have been distributed. But not including the 7 million that will be sent to every bitcoin adress in november for the new snapshot. This is really a great solution and vastly increases the chance of real adoption.
I see, was inattentive. For what a present to the owners of bitcoin once again? Is it for greater fame?

This may be an improvement from the original plan but the first 7 million to BTC holders is kind of a head scratcher to me. Airdropping all of the coins at once would be horrible but they could have simply done it in 4-5 steps to those that are holders. As far as I am concerned all the people that had BTC on April 28th will have had 6 months to claim them so there is no need to send coins to those that don't care as of now. This would allow them to work on other things besides simple distribution.

The new distribution to bitcoin holders bring needed legitimacy to the project. And it will remove a lot of coins from circulation. This should be positive for the price of btx.

The number of btx claimed bt bitcoin holders will depend on the price. A high price would lead to more people/services claiming their btx. But I don't think its likely that more then 2 of the 7 million will be claimed long term.

I think it is a waste to allow claiming for BTC holders at this time and the price can grow organically as the project meets benchmarks on a roadmap. We also need a roadmap for that to be the case though. I also think there are other ways to gain legitimacy which consists of getting on larger exchanges and also integrating into payment processes so the currency can do what it is intended to do. I said that we should get it onto coinpayments and the cost is only 1 BTC. They have 250k+ merchants and that would be beneficial news to all. If we distributed in 4-5 steps to current holders then we can get on other exchanges because most large exchanges don't like coins that have large premines that are controlled by the developers. I am not simply spreading FUD but there are numerous other ways to go about things than this. To be honest the goal should not be to ride the coat tails of BTC but rather to beat them since BTX scales far better for every day use. Of course I would benefit greatly from a different distribution method than the one chosen but that aside it seems to make more sense even independent of that.