New round of Stellar token (now called Lumens) giveaway this summer, to bitcoin owners

in cryptocurrency •  9 years ago  (edited)

View this post on Hive: New round of Stellar token (now called Lumens) giveaway this summer, to bitcoin owners


Sun Yuchen is a liar, thief, charlatan, and all around cunt. But I don't need to tell you that. Find me at Hive, where we are glad to be rid of him and all of his fake followers, sockpuppets, and thieves.

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The giveaway will be in proportion to a person's bitcoin holding vs the total bitcoin supply. They say 10 bitcoins will get you 1,911.72 lumens, currently worth a total of about 0.0075 BTC at 390 satoshi each.

"If there are unclaimed lumens, they’ll go to Stellar.org’s operational fund."
I can't imagine more than 1 million bitcoin being claimed for this giveaway, so I expect this "giveaway" to be for Stellar to give itself publicity and the tokens they've created back to themselves.

To make it fair, the entire 3 billion lumens should be given to those who claim their bitcoin, proportional to their share of the claimant pool. Practically speaking though, it would have a hilariously negative effect on the market price. The biggest order I can see on the top two exchanges for lumens is for 136 million of them at 11 satoshis a piece.

i go to stellar forum to see step by step how to claim
www.mystellar.org/thread-43.html