How the test-net can be used to cheat the business model on Ethereum.

Krakin't
1 min readAug 2, 2020

The most common ETH scam is trying to sell the “Free Ethereum”. The free ETH is basically anything that exists on the test-net, and it doesn’t cost anything to obtain it. The good thing about the test-net is that it can be used the same-way as the real network, except that, Ethereum has no meaning and/or cost. Furthermore, we can expect the test-net to frequently go down and is not stable. However, in my opinion only, it is as decentralized as EOS (although a big under-statement) and we can use its functions in a working product.

Given the expensive costs of computations, I truly doubt that any incubating project has the right means to work directly with the Ethereum main-net. So, the idea is very simple. Anyone who wishes to test the incubator can do so without any costs using the test-net. Anyone who wants to get more serious about their business can transfer their data onto the main-net. However, more data they have on a test-net, more it will cost to make the transfer (sooner they do it, the better). We could also offer the service, for a small fee, to make it a smooth transaction.

Furthermore, any money that is earned can go directly into a treasury for the community to use however they want.

This is just an idea and some thinking I had for today, while this approach will be investigated.

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