Don’t use too many people grabbing airdrops as an excuse for laziness

Written by: HUMBLE FARMER ARMY RESEARCH

Compiled by: Xiaobai Navigation coderworld

Introduction

What are the psychological barriers that prevent us from getting free benefits?

Currently, airdrops becomecryptocurrencyIt is a hotly discussed topic in the industry. Many people participate in it at low cost to achieve rapid appreciation of assets.

However, after every large-scale airdrop, there are always people on crypto Twitter complaining about the unfair distribution of airdrops, thus no longer planning airdrops. However, this has fallen into a misunderstanding. There are still only a few people doing airdrops, and airdrops are still profitable.

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It seems that everyone is discussing how to arrange airdrops now. How can you blame them? Instead of paying $50 in gas fees to swap assets on the ETH mainnet, I saw someone turn $50 into $10,000 by staking $SOL on Jito. This will incentivize new participants to learn about self-custody and on-chain DeFi, which can be viewed ascryptocurrencyTrojan horse used.

We should celebrate this! Investors with small funds finally have a way to achieve a 10-100 times increase in account value without having to indulge in memes, leveraged trading or getting caught up in chasing ups and downs. However, it seems that after every large-scale airdrop, we see many angry users on crypto Twitter complaining about the flaws in the airdrop distribution mechanism, and no more airdrops are planned.

So there seems to be two groups of people on crypto Twitter:

1. Airdrop hunters who are ecstatic about the lucrative airdrops

2. People who complain about the uneven distribution of airdrops and claim that it is not worth airdrops because they will be diluted in the future.

But if you consider the psychological profile of the second group of people, they would never play airdrops in the first place.. They feel comfortable in their own space, trading cryptocurrencies on CEX, telling themselves that they don't need to learn how to use the chain. They complain and tweet about people who masturbate, get engagement from those tweets, and take comfort in the fact that strangers on the internet agree with them.

I decided to call this phenomenon, "The Midcurve Airdrop Fallacy."

Airdrop Curve Fallacy: Far more people complain about airdrops than actually do them. The result is that people will mentally imply that the airdrop will be diluted and choose not to do it, but this does not actually dilute the airdrop they are complaining about..

Of course, this does not mean that future airdrops will not be diluted. In fact, we can see that the number of Celestia stakers is rising. Similarly, we have also seen airdrops on SolanawalletThe number is increasing. However, I do believe people are over exaggerating the extent of dilution and underestimating the combined size of all future airdrops. What makes an airdrop "diluted"? If we stake $TIA with $500 and receive an airdrop of $500, is it diluted? It was indeed diluted as it could have been a $1000 airdrop if not for those new stakers!

cognitive dissonance

First of all, I proudly admit that I am a midcurve myself. In fact, I consider myself an expert on this topic. So, I have a certain amount of credibility when it comes to identifying people exhibiting curve behaviors. In fact, everything has a simple explanation: cognitive dissonance.

(Editor’s note: “midcurve” is a coined term in this article to describe a psychological misunderstanding that causes people to refrain from taking action due to excessive concerns about reward dilution)

In the field of psychology, cognitive dissonance refers to the psychological discomfort that occurs when a person holds two opposing beliefs or ideas in his mind at the same time. When faced with facts that contradict their beliefs, ideals, and values, people tend to find ways to resolve the contradiction in order to reduce their discomfort.

We subconsciously make sub-optimal decisions in the market because we don’t want to make ourselves uncomfortable. yourTokenIncreased by 2 times? Let's sell half of it. yourTokenDown 50%? Let's wait until we get our money back before selling. The reality is, the market doesn't care about your cost base. We decide to sell the winning coins because we are afraid of a market drop and a retracement of profits, and hold on to the losing coins because we are afraid of admitting our investment mistakes.

Wanting to avoid pain can lead toMid-curve behavior.

People don’t want to start placing airdrops because they don’t want to buy at the top of $TIA. People don't want to use Solana because they are used to ETH. “Airdrops will be diluted” is just an excuse people use to prove they are lazy.

Summarize

I believe airdrops will be profitable in the coming months. I'm also willing to accept that this view may be wrong. I'm not saying you should invest a ton of money into anything, but I strongly encourage peopleXiaobai NavigationAt least give it a try.

Why not use the 1% of your asset portfolio to pledge TIA? Why not transfer 1% of your portfolio to the Solana ecosystem and see what airdrop opportunities are available? I guarantee that you will learn a lot more about Solana by using these chains.

I bet 90% anyone reading this will generally agree with me. Unfortunately, only a few people will take action because they are too lazy to download the newwalletand learn about new ecosystems.

That's why I'm not even worried about my airdrop being diluted because most people won't take action.

The article comes from the Internet:Don’t use too many people grabbing airdrops as an excuse for laziness

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