Amazing. ICP price is going to explode anyday/week/month. All of a sudden and at once, price will move to another level and those who are able to ape in at current price will win big. We will all win big but those who buy at current price will win even bigger 🤜💎🤛
Great article as always! Last year DFINITY had a different cycles faucet that would give you a $100's worth of free cycles. Some people who didn't understand the fact that you can't steal that $100 (by converting it back to ICP) created multiple GitHub accounts to try to gain the system (someone even making it to a 100). That's why we now have $20 instead and we are rebuilding the faucet app for something more permanent. Now a lot of cycles are just sitting in cheaters' accounts that possible won't ever be used.
Ugh, that's why the internet can't have nice things!
The cycle faucet helped launch some of the products we see today. It's great to hear that there are talks of renewing it. It's also great that it might not be as needed since its clear the ecosystem is growing without it. [But always better to add a little fuel to supercharge growth :) ]
If you give people free money to do cool stuff with it, they will try to steal as much of that as possible. That's what I learned watching the IC NFT space carefully. Some will do anything for free money. It is what it is I guess. We will have to build guardrails against possibilities of abusing the system.
Amazing. ICP price is going to explode anyday/week/month. All of a sudden and at once, price will move to another level and those who are able to ape in at current price will win big. We will all win big but those who buy at current price will win even bigger 🤜💎🤛
Great article, thanks for your work Kyle
Great article as always! Last year DFINITY had a different cycles faucet that would give you a $100's worth of free cycles. Some people who didn't understand the fact that you can't steal that $100 (by converting it back to ICP) created multiple GitHub accounts to try to gain the system (someone even making it to a 100). That's why we now have $20 instead and we are rebuilding the faucet app for something more permanent. Now a lot of cycles are just sitting in cheaters' accounts that possible won't ever be used.
Ugh, that's why the internet can't have nice things!
The cycle faucet helped launch some of the products we see today. It's great to hear that there are talks of renewing it. It's also great that it might not be as needed since its clear the ecosystem is growing without it. [But always better to add a little fuel to supercharge growth :) ]
If you give people free money to do cool stuff with it, they will try to steal as much of that as possible. That's what I learned watching the IC NFT space carefully. Some will do anything for free money. It is what it is I guess. We will have to build guardrails against possibilities of abusing the system.