Topic: 6 reasons why future ICOs will use Byteball instead of Ethereum (+screenshots) - page 6. (Read 2515 times)
August 27, 2018, 02:43:28 AM
Indicators are pretty good, but it seems to me that this ease ICO creation can contribute to the fact that on this platform, many shit and scam projects will be deployed. Maybe I'm wrong not knowing this project deeply, but these were my first superficial thoughts on this.
August 27, 2018, 02:22:38 AM
Really, guys, I'm getting sick of these numerous tokens/platforms that claim they'll overtake Bitcoin and Ether. The very same day these two start falling, there are lots of messages like this one.
yeah, we overtake Bitcoin and Ether it's a red flag for me. Do it or shut up. August 27, 2018, 01:17:48 AM
Really, guys, I'm getting sick of these numerous tokens/platforms that claim they'll overtake Bitcoin and Ether. The very same day these two start falling, there are lots of messages like this one.
August 27, 2018, 01:12:37 AM
I will keep it short and simple:
Being faster, simpler, cheaper does not mean Byteball or any other new blockchain can overtake Ethereum.
Reasons why ICOs will be more tending towards ETH and NEO compared to any other blockchain:
1. Experience over the years
2. Proved its worth over these many years and the mass adoption of ETH
3. Investors will not be very much interested in moving to a shit coin for investment for an ICO, they would simply reject it.
4. Though we have seen bad cases like cryptokitties, Bancor ICO etc for ETH super congestion, however, none of the other blockchains have seen this much network usage for clogging, Ethereum has managed to come over it,other blockchains need to show how well they can support the network in similar scenarios, and more importantly are there projects interested to be on Byteball or any such blockchain.
Being faster, simpler, cheaper does not mean Byteball or any other new blockchain can overtake Ethereum.
Reasons why ICOs will be more tending towards ETH and NEO compared to any other blockchain:
1. Experience over the years
2. Proved its worth over these many years and the mass adoption of ETH
3. Investors will not be very much interested in moving to a shit coin for investment for an ICO, they would simply reject it.
4. Though we have seen bad cases like cryptokitties, Bancor ICO etc for ETH super congestion, however, none of the other blockchains have seen this much network usage for clogging, Ethereum has managed to come over it,other blockchains need to show how well they can support the network in similar scenarios, and more importantly are there projects interested to be on Byteball or any such blockchain.
August 27, 2018, 01:02:19 AM
Another big plus for the Byteball platform is that it already has implemented private assets, the most popular and built-in called ‘Blackbytes’. Transaction with Blackbytes are stored off-chain and only a hash of the outcome of the transaction is stored as proof on the DAG.
There are two exchange bots to trade Blackbytes: Beep and Freebe.
You can find more details about Blackbytes in our wiki at https://wiki.byteball.org/Blackbytes
There are two exchange bots to trade Blackbytes: Beep and Freebe.
You can find more details about Blackbytes in our wiki at https://wiki.byteball.org/Blackbytes
August 26, 2018, 08:14:31 AM
The problem with Byteball in comparison with Ethereum besides everything else is the marketing component as well. Just few people know about Byteball while Ethereum is known by everyone. Yoy may have the best technology in the world but without exposure you will never succeed...
August 26, 2018, 07:13:03 AM
The problem with byteball is the distribution. It made btc holders more rich. Normal users got none of the benefits.
Quote
- Cashback for purchases at the merchant stores we partner with. In most cases, the offered cashback is 10% of the purchase amount.
- Fill out the application form or contact us if you run a store or a payment processor and want to be part of the cashback program.
- Verification rewards and referral rewards to those who verify their real name.
- Verification rewards and referral rewards to those who verify their email address.
- Verification rewards and referral rewards to those who verify their Steem account.
- Verification rewards and referral rewards to accredited investors who verify their accredited status.
- Rewards to those who pass a quiz in Telegram.
- Subsidies that offset part of the fees paid when buying Bytes with Visa or Mastercard.
- Rewards for donating one's computing resources to the World Community Grid.
- Giveaways distributed e.g. through youtube channels of our supporters. See e.g. https://www.youtube.com/watch?v=hycluITNDBM.
- Mass sending of textcoins to subscribers of our partners. See the results of the previous campaigns.
Source: https://byteball.org/ - Fill out the application form or contact us if you run a store or a payment processor and want to be part of the cashback program.
- Verification rewards and referral rewards to those who verify their real name.
- Verification rewards and referral rewards to those who verify their email address.
- Verification rewards and referral rewards to those who verify their Steem account.
- Verification rewards and referral rewards to accredited investors who verify their accredited status.
- Rewards to those who pass a quiz in Telegram.
- Subsidies that offset part of the fees paid when buying Bytes with Visa or Mastercard.
- Rewards for donating one's computing resources to the World Community Grid.
- Giveaways distributed e.g. through youtube channels of our supporters. See e.g. https://www.youtube.com/watch?v=hycluITNDBM.
- Mass sending of textcoins to subscribers of our partners. See the results of the previous campaigns.
August 25, 2018, 09:49:44 PM
The problem with byteball is the distribution. It made btc holders more rich. Normal users got none of the benefits.
Which I am sure the developers would find better - and more efficient - ways of doing it.
August 25, 2018, 12:31:03 PM
Seems like a really good platform, however you can't discount the brand power of Ethereum
True, the Ethereum brand is currently a reason why many ICOs dont seem to explore other platforms
Byteball offer is pretty compelling when compared vs Ethereum
- You will not be able to create a dapp on a centralized platform. https://byteball.fr/stats.php
- Last time what i saw ico's raised 15 - $150m. If you sell $250k of bytes, gbyte price will be halved. https://bittrex.com/Market/Index?MarketName=BTC-GBYTE
- Scalability of Byteball has not be proven. Last time what i saw, nodes crashed at 18tps ( https://blog.goodaudience.com/byteball-main-net-under-stress-test-c131ba85b72b). The problem of data storage is not solved.
Design flaws are described here https://blog.goodaudience.com/byteball-move-proposal-831187509ed0
1. dectralization will be 50% public witness by janaury 2019 as has been stated previously
2. byteball is faster and more scalable than Ethereum which most icos use
3. tps will be increased when needed as devs have said many times. no point increasing tips now when network is running at less tha 0.01% capaciity
4. byteball DAG is currently around 1-2gb I think, ethereum is more than 2 terabyte. again this is not an issue right now, and given how low storage costs its not a major concern
August 24, 2018, 09:00:58 PM
The problem with byteball is the distribution. It made btc holders more rich. Normal users got none of the benefits.
August 24, 2018, 08:13:51 PM
I thought Byteball was just a different blockchain with no blocks! These ICO features do sound very innovative and makes ETH platform looks useless for the ICOs!!
Same here! At first, I thought it was that simple: just a different blockchain with no blocks. But I was surprised too by the fact that Byteball was made TO BE USED BY THE NORMAL MAN, and not just by developers.
August 24, 2018, 01:47:15 PM
Seems like a really good platform, however you can't discount the brand power of Ethereum
True, the Ethereum brand is currently a reason why many ICOs dont seem to explore other platforms
Byteball offer is pretty compelling when compared vs Ethereum
- You will not be able to create a dapp on a centralized platform. https://byteball.fr/stats.php
- Last time what i saw ico's raised 15 - $150m. If you sell $250k of bytes, gbyte price will be halved. https://bittrex.com/Market/Index?MarketName=BTC-GBYTE
- Scalability of Byteball has not be proven. Last time what i saw, nodes crashed at 18tps ( https://blog.goodaudience.com/byteball-main-net-under-stress-test-c131ba85b72b). The problem of data storage is not solved.
Design flaws are described here https://blog.goodaudience.com/byteball-move-proposal-831187509ed0
August 24, 2018, 11:43:12 AM
Wow!
I never saw this before.
This is really amazing.
There are changes for Byteball with its great qualities but it may take time to really achieve that feat.
I never saw this before.
This is really amazing.
There are changes for Byteball with its great qualities but it may take time to really achieve that feat.
August 24, 2018, 11:43:27 AM
You can't have any meaningful discussions with a modded thread, censorship on Bitcointalk is one of the most damaging things for this forum.
August 24, 2018, 11:39:59 AM
I thought Byteball was just a different blockchain with no blocks! These ICO features do sound very innovative and makes ETH platform looks useless for the ICOs!! But I am no sure how long ICOs are gonna stay here. Most people aren't investing in ICOs at all.
Other than that I see that coding and auditing smart contract is not required as it is being done by Byteball already. So in case of breach of security of a project or massive failures due to smart contract, will Byteball take the blame on its head?
Other than that I see that coding and auditing smart contract is not required as it is being done by Byteball already. So in case of breach of security of a project or massive failures due to smart contract, will Byteball take the blame on its head?
August 24, 2018, 11:01:31 AM
in my opinion you are somewhere right, but this is the distant future, now a lot of coins that use a similar system, but I read about Byteball and I like it.
August 24, 2018, 10:58:00 AM
The 70,000 Steem users that also have Byteball wallets can now win prizes by exploring real world use cases on the Byteball platform
https://steemit.com/byteball/@byteball.org/announcing-the-steem-use-a-thon-by-byteball
August 24, 2018, 10:48:28 AM
2. Launching an ICO on Byteball is far faster than Ethereum.
Would you believe me if I would say that cryptocurencies were not invented so people could, instead of using normal routs to found their project, start an ICO and found it this way.
August 24, 2018, 08:40:37 AM
Quote
Volume (24h)
$123,549 USD
18.96 BTC
$123,549 USD
18.96 BTC
You can't do an ICO on a coin with no volume. The figure above represents volume across all exchanges over the last 24 hours. What if someone has a fairly successful ICO and raises $10M worth of GBYTE (20% of marketcap, btw). Even if they sold the entire volume quoted above it would take 100 days to divest from all the GBYTE to get working capital, and they would probably push the price down in the process. $10M isn't even that much for a lot of ICOs, and what if there were several successful ICOs. Not to mention that they would now be competing with the Byteball foundation which is presumably selling GBYTE from the premine to cover their costs and salaries. The daily trading volume and marketcap simply couldn't support a single fairly successful ICO at this point, let alone multiple. Whatever time you think you could save with respect to the chart in OP, you would spend probably at least that much just trying to sell GBYTE in completely illiquid market without destroying the price.
Poor FUD, makes no sense.
If X rises to Y and Y decreases to X by the increase its back at Y
Byteball is like the Ethereum of DAG, but actually a lot more practical. Not hard to see
There's nothing uncertain about the daily volume. If you can't sell the gbyte you raise, who's going to bother trying to raise gbyte?
August 24, 2018, 12:17:23 AM
Quote
Volume (24h)
$123,549 USD
18.96 BTC
$123,549 USD
18.96 BTC
You can't do an ICO on a coin with no volume. The figure above represents volume across all exchanges over the last 24 hours. What if someone has a fairly successful ICO and raises $10M worth of GBYTE (20% of marketcap, btw). Even if they sold the entire volume quoted above it would take 100 days to divest from all the GBYTE to get working capital, and they would probably push the price down in the process. $10M isn't even that much for a lot of ICOs, and what if there were several successful ICOs. Not to mention that they would now be competing with the Byteball foundation which is presumably selling GBYTE from the premine to cover their costs and salaries. The daily trading volume and marketcap simply couldn't support a single fairly successful ICO at this point, let alone multiple. Whatever time you think you could save with respect to the chart in OP, you would spend probably at least that much just trying to sell GBYTE in completely illiquid market without destroying the price.
Poor FUD, makes no sense.
If X rises to Y and Y decreases to X by the increase its back at Y
Byteball is like the Ethereum of DAG, but actually a lot more practical. Not hard to see
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