Principles of Natural Philosophy for Petting Fur

Philosophy Principles for Petting Fur

The high airdrops of Web3 projects are stimulating players in the cryptocurrency world to join the hair-removing ranks. Independent cryptocurrency analyst NingNing first defines hair-removing from two perspectives: empiricism and rationalism, before analyzing the POW properties, occurrence theory, and natural justice of hair-removing.

Definition of rationalistic wool pulling: Wool pulling, also known as witch attack, refers to the behavior of fitting independent active addresses (UAW) by calling and executing various types of on-chain transactions Tx (Approve, Transfer, Mint, Deposit, Withdraw, etc.) to obtain the eligibility for airdrop. The relationship between wool-pulling users and UAWs (broadly defined as real users) is not a binary one, but rather exists in a significant gray area.

Attributes and extension of wool pulling: We introduce the concepts of PoW and PoS in Web3 token economics to qualitatively define wool pulling as a Web3 economic behavior. In this context, wool pulling can be seen as the behavior of wool-pulling users expanding and flourishing the social consensus and network effects of the protocol by bridging assets, trading assets, providing liquidity, running validation nodes, etc., and thereby obtaining rewards in the form of protocol-native tokens, which is very close to the attributes of PoW. Compared to wool pulling, YieldFarming, IDO, IEO, and other Web3 economic behaviors are more similar to the attributes of PoS.

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Occurrence of wool pulling: Compared to first-market investing and second-market coin speculation, wool pulling is more in line with the spirit of Crypto. Among all my investment behaviors, wool pulling has the highest win rate and profit-loss ratio: 1) limited and controllable investment; 2) airdrops have become a must-do action for top protocols, with near 100% certainty: airdrops are the weapon of growth hackers in Web3, the intrinsic demand of token economics models, and can solve the market data pressures faced by protocols; 3) the returns from airdrops far outweigh the costs.

Natural justice of wool pulling: 1) from the perspective of protocols, users should not be planned and defined in a high and mighty manner from the beginning. Instead, losing control and allowing wool-pulling users to be the first batch of weeds to enter the ecosystem can loosen and fertilize the protocol ecosystem and lay the foundation for real users later on; 2) from the perspective of Web3 users, wool pulling is one of the best ways for newcomers to enter Web3. It is a behavior that has a positive mathematical expectation of investment returns in the long run and can be comparable to benign behaviors such as developing projects and becoming KOLs.

Reference: https://twitter.com/0xNing0x/status/1660554957299515392

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