Thank you for your comment @chekohler
Would you mind sharing with me how would you feel if you would personally invest your own savings into some ICO and then you would learn about massive airdrops ? Would you be okey with it or would you feel that it's wrong and you were "cheated"?
This is actually my main question. I would like to learn pros and cons of airdrops.
Yours
Piotr
That depends on the method of the airdrop if it is a stake based airdrop where I as an investor receive a larger stake of the airdrop vs just anyone who creates a wallet I would be fine. But if its just a massive airdrop with a flat rate across all wallets that participate and I'm an investor I would sell my coins immediately because I don't feel the company value those putting capital down and taking the actual risk
Thank you for your comment @chekohler
Sorry for such late reply. Past few days were not fun (I had birthday yesterday and I've spent entire day sick in bed - sucks).
I would like to ask you a question. What is your opinion on KYC required by so many airdrops?
Personally I strongly believe that each crypto/ICO that require KYC should be required by law to receive licence that would allow them to proceed with KYC. And in order to receive that licence, they would have to prove to local authorities that they follow some security standard and all collected informations are safe.
My biggest worry is the fact, that right now anyone can claim that they are "forced by regulators" to proceed with KYC and this is currently the easiest way to collect our personal data by 3rd parties. And we cannot know how well secured those datas are. We cannot even know if company is legit and isn't planning to sell those data to another 3rd party.
Have a great upcoming weekend :)
Yours, Piotr
Personally, I think KYC should be handled via a smart contract and Oracle that can verify your data from other sources. The more verified data from various sources the stronger your profile and the more access you can unlock. This can all be sealed with a biometric scan like a thumbprint from any smart device. I don't think handing over data for review is practical and efficient
Dear @chekohler
I just realized that I never had a chance to read and reply this comment. Not even simple "thank you". Sorry about it.
Just wanted to let you know that finally I did read it and I'm very grateful for your constant support and for being so responsive.
Yours
Piotr