Post
Topic
Board Altcoin Discussion
Re: Walmart is suggested to issue their cryptocurrency to get more customers
by
Biomass
on 13/11/2018, 04:38:24 UTC
No my friends. That will not make business bad. Think of airdrops of ICOs. Airdrops make ICOs popular in no time. Giftdrops can do more than that with cryptocurrencies in general.

This is what I tried to figure out in the paper: https://bitcointalk.org/index.php?topic=5064831.0

Quote
Since 2017, a wave of ICOs (Initial Coin Offering) has been seen world-wide. Tokens and new cryptocurrencies with new features, higher transaction speed and lower transaction fee, are created by thousands of teams and introduced to the community. A popular and effective way to incentivize people accept a new coin is running airdrop campaigns, through which the tokens are given to early conditionally registered members. However, this method effects only people who have already been familiar to cryptocurrencies. In facts, the extremely high volatility of cryptocurrency markets, the reputation of Ponzi schemes, the difficulty in understanding the new concepts of cryptocurrencies, etc. make the rest people have prejudice or doubt towards cryptocurrencies.

For an attempt to make cryptocurrencies more popular into the daily life, the utilization of their paper wallets is proposed. An amount of a cryptocurrency can be physically given to someone by being stored in a paper wallet with its private key revealed to the receiver. Hereby, anyone can get cryptocurrencies without knowing well how to deal with this new technology. With some utility apps or intermediate agents, the person can easily either exchange this amount of cryptocurrency for fiats and goods or accumulate the coins in his own corresponding wallet. Let’s call such paperization of cryptocurrencies “giftdrop”. And how giftdrops can be applied and become beneficial in the daily life is discussed in this paper.

Giftdrop = physical airdrop
Airdrop ---> crypto-citizens
Giftdrop ---> everyone