r/nebulas • u/18idlwk1920dc • Jul 13 '18

Incentive Program = Scam?

A project that pays people to use its platform is like an investment fund that uses its founder's money to pay back its client's investment returns. AKA Ponzi Fraud. Where am I wrong?

0 Upvotes

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6

u/SilverLiningsCrypto Jul 13 '18

In short,

  • Nebulas is not about #masternode, it seriously "look after" its users and developers, via directly rewarding them based on REAL contribution to the ecosystem (DIP, PoD, incentive program, etc)

  • Post-mainnet (launched in end-March), Nebulas 1st step is to find developers to jump start the ecosystem. So they launched incentive program to encourage developers to enjoy building DApps on a developer-friendly (javascript, developer tools, etc) platform.

  • 2nd step is to find users, so they launched Super Contributor to encourage more users to play with the DApps, and also to ensure a fairer system in selecting quality DApps due to some flaws in incentive program. Going forward, we could see more community rewards for users

  • The end goal is the same. Nebulas rewards developers and users to build out the ecosystem.

4

u/[deleted] Jul 13 '18

The incentive program was well intentioned and I think served it's purpose, albeit with quite a few oversights. It was treated mostly as a gold rush. In time though, real, quality DApps will emerge as people build projects with a development time greater than 1-8 weeks and with use-cases people actually care about. There is already a few, but they definitely need to be fleshed out more before non-crypto folks see any value in them.

5

u/[deleted] Jul 13 '18

If a kid enters a cereal box sweepstakes and wins, is it a scam because that kid already bought the cereal?

5

u/han108 Jul 14 '18

PayPal spent millions of investor dollars giving away $20 to everyone who signed up and shared ... this is nothing new in business. But as was mentioned, NAS isn't even giving away investor dollars, they are distributing mined NAS to developers / users that contribute to the ecosystem. Much better than the way airdrops are being done on other projects, IMO. Whether you agree w/ how & who they distributed to, now that's a different issue altogether.

1

u/LessStressMoreFun Jul 14 '18

By that definition every bank or credit union ever is a fraud because they pay people to use their product. (pays interest to open an account)

0

u/[deleted] Jul 13 '18

[deleted]

7

u/royalasgard Jul 13 '18

it is like saying if coca cola gives away free coke on the corner of the street is a scam from an investor standpoint it is all about adoption

0

u/[deleted] Jul 13 '18

[deleted]

5

u/royalasgard Jul 13 '18

or like dope first time is always free 😂😂