STEEM is the BitShares equity airdrop that Bytemaster always wanted !
Welcome Steemers!
It’s no secret that, in order to maximize our community size, BM supported the idea of freely distributing some BitShares1.O to many (many many) others besides the few big winners (I3, DNS, FMV, and PTS miners) who ultimately won.
from the links below, BM says:
"A lot of discussion on airdrops has been going on recently and I would like to add a new twist.
- I like the half life concept... 50% drop every month until balance is below 1 BIP.
- Unclaimed air-drop funds should be sent to developers.
- Altcoin owners are likely more valuable than BTC owners because BTC-only owners are usually altcoin snobs.
- I recommend honoring all of the top 10 bitcoin-based alt-coins proportional to market cap. This will get the widest possible airdrop.
- Don't honor coins with large pre-mines...
If you set this up right, the developers can avoid any accusations of 'pre-mine' because everyone had an opportunity to claim it, unclaimed funds go to devs... this also solves the problem of dead coins being honored.
I like the idea of honoring namecoin holders with a small percent and adding a half life to their position.
I think that adding a half-life to all genesis block positions to encourage people to download the wallet and start securing the network / finding bugs. Perhaps something as simple as losing 10% per month if you do not claim your funds in the genesis block.
I would then recommend that you give some to everyone with BTC and NMC.... this process works better if you have an easy to use wallet on launch and can use the news to generate solid first impression.
Perhaps a better alternative is to give them 10% but not let them sell for 6 months. Then they will see it grow and be less likely to sell."
https://bitsharestalk.org/index.php/topic,4130.msg51784.html#msg51784
https://bitsharestalk.org/index.php/topic,4126.msg51761.html#msg51761
Great idea BM! Distributing vested BTS to the entire crypto community to force them to continuously utilize the powerful BTS wallet in order for them to sell their free BTS samples?
That sounds like a steemingly lucrative marketing idea!
And what is that you say BM? You are not going to charge us to code this BTS feature? Sweet, thanks or the free marketing code, I’m sold. I don’t think that you will be receiving any opposition to this logically elegant solution to such an easy math problem (marketing is just economics)(economics is just simple left brain math) from any member of the BitShares community (but I could be wrong).
Gee, imagine if we had done that?
Hypocritical is he who says that BM’s marketing ideas were failures because, as we all know, his first and best marketing idea was shot down by the community, and of course, we all know the Marketing 101 Rule #1:
Once you choose to follow the marketing path fork of “selfish,” you will have to work much harder to achieve success than if you had initially followed the marketing path of “generous.”
Only now that BM has returned to the path of generosity, can we logically begin to measure exactly how successful his marketing strategies are:
STEEM airdrops smartcoins onto non-miners who might not even have a bank account? And they don’t have to give away any of their money to accept these smartcoins either?
BTS smartcoins + STEEM smartcoin= ?
How would our community look today if we had followed BM’s initial “free sample” marketing strategy?
Would we need STEEM to help increase smartcoin distribution to forum users who don’t know crypto? Or would every BTS address correspond to its own forum/messaging/(.jpg/.mp3/.mpg) self-monetized encrypted social media account as Keyhotee initially envisioned?
What is STEEM?
In a word:
smartcoindistribution
STEEM is simply a “BitShares smartcoin marketing strategy” to distribute smartcoins to anyone who posts entertaining or informational words.
What STEEM is not:
STEEM is not a place where its users can sell access to their encrypted music, photos, and videos.
Well, not yet anyway, but who knows what development projects STEEM POWER holders will vote for.
Some say “dumping” while others say “distribution” but the end result is all the same:
“smartcoin community growth”
Like it or not, STEEM users are now “official card-carrying members” of what was, until now, exclusively our “smartcoin community.”
So please allow me to welcome every STEEM user to, what was once a very exclusive group of humans, whose passion for smartcoins was the only thing everyone had in common.
Both STEEM and BTS bring exciting features to the BTSTEEM (pronounced “bee tee esteem”) team. STEEM brings a cool new place to gather and share information, while BTS brings a long and stable smartcoin history filled only with of swans of white.
The moral of this story is that only cryptography enables the altruism and self-sacrifice that human communities demand. Don’t ask me how I know that human communities demand self-sacrifice!
You might as well embrace the reality that 99% of the humans who are able to use crypto (but don’t yet know how) are poorer than us. STEEM is currently the only cryptocurrency in the world that provides substantial monetary value for teaching or entertaining other humans. And what do you think will be the first lesson that TEAM STEEM will be teaching?
How many BitShares users have been demanding a “Smartcoin Users Manual?”
Well you are in luck, because STEEM is the Smartcoin 101 teaching bible, and it will teach the world how to use smartcoins better than anything that you ever could have imagined. STEEM is not a BitShares community project funded by dilution, a rich uncle, or via passing of the plate. No, STEEM is a free gift to the BTS community!
The BitShares community is very thankful for all the free teaching/marketing work that STEEM is doing for “Graphene Smartcoins” (of which BTS holds 99% of).
I am very proud of the BitShares community for not giving in to the temptation of worldly wealth and riches, especially when they were offered for such a small price:
https://bitsharestalk.org/index.php/topic,4146.msg52042.html#msg52042
Weather active or passive, you voted to decrease your own marketcap. Such adversity to money can only enhance your afterlife, for we all know, that the meek shall inherit the earth.
These “meek” can’t afford to mine crypto, in fact, they can barely afford to post words.
Sharedrops can be very effective. I agree with BM that there may be ways to do them better than before. The half life or expiration concept is good, since we all know what can happen when these vesting periods go on and on. Yet it's so valuable to get an automatic community and user base from sharedrops; even if only a fraction of the people really pan out, it's still worthwhile.
Double thread? What's wrong with earlier post?
"Unclaimed air-drop funds should be sent to developers." Not a good idea. Steal from people who supported Invictus from the start?