Excited to collaborate with Coinbase to promote a wider and deeper understanding of various blockchain protocols! Best part is, users receive free XLM to use the knowledge they've acquired to test and build on Stellar 🔥 https://t.co/5aZ5P3swmV
RT @coinbase: Coinbase Earn is working with the Stellar Foundation to distribute one billion Stellar Lumens (XLM). 100% of the funds are going directly to Coinbase users to teach them how to use the Stellar protocol. You can read more about the campaign here: https://t.co/tU4XGiFBYS
These kind of tactics should be extremely frowned upon. Stellar is created from thin air (without mining) and they hold the majority of Stellar which increases the price through artificial scarcity. Then they can bribe people and organizations with this artificial price. Same story as in Ripple who bribes banks to use their system.
> Eligible Coinbase customers in the US will receive an email invitation over the next few days to earn up to $10 of XLM by viewing Stellar tutorials and answering quiz questions. By sharing their unique referral link, customers will also be able to earn up to $40 more of XLM by inviting four eligible friends to complete the lesson.
If a brokerage did this with “learning about index options” or a forex shop did this with “learning about currency pairs” I’d seriously question their intentions. Especially the part about being paid to get your friends and family on board.
What Stellar needs - or any other cryptocurrency - is a way to directly buy with Stripe or preferred with PayPal. Then we can add business models where users of your service can easily buy XLM and be used by your service.
As long as I need to tell users they need a wallet and buy on some website they've never heard of, it's not working for anyone outside of cryptocurrencies.