Topic: BTX Distribution-Oct 30th - page 3. (Read 3510 times)

Could be good. But dev must find a way to have power on less amount of money... Look like a scam coin elsewhere (which isn't a scam !!)


I'm a miner.

The only difference with the hybrid distribution is that BTX holder will get 25% of unclaimed coins instead of 25% of "interest". So the hybrid distribution will spread a huge amount of coins, more profits for people which would like to sell it. I'm afraid that this coin became unprofitable because mining reward (in btx) won't change, too much inflation (+300% in 1 day), and that miners go elsewhere... and that bitcore dies ! There must be around 6000 gpu mining bitcore, it is not a lot compared with ethereum or others good coins. Probably no big farm, so if the coin becom really undervalued, miners will move quickly.


Dev's distribution plan : less profit for holders, but assured profit for miners -> there is miners

Hybrid distribution plan : more profit for sellers, not sure more for holders (even with 300% airdrop), surely no more profit for miners -> There will be no more miners or a very few ! Huge loss of the bitcore value,
 miners makes the coin alive and valued !




So i prefer Dev's distribution plan for the future of the coin, even if i must get more money with the hybrid distribution (I'm a holder too !)

Why now 1. but without the BTC snapshot?

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. The devs will retain 10% of all unclaimed. Whitout, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC.

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by the way today is airdropday, feel better guys?

1- dev options seems nicer and ll take longer to distribute coins and loyalty ll stay with us
2- hybrid plans ll give you more coins than you expect and by february all ll be distributed but might be dumped in price
3-3% airdrop until finish doesnt sound Good to me, nice yes but it can take few years to have a great profit

actualy plan all plans are Good if u ll stay 1-3 years, i ll not sell any of it

Ya I agree... I am also trying to push us getting into coinpayments so that there is some real world applicability to BTX. We would only need to get into the top 200 in market cap and they have a 1 BTC fee. Merchants then can at least choose to accept BTX as payment for goods. Even if there wasn't much adoption at first this would be great news for the coin as a whole. I think coinpayments has 250,000+ merchants in their network. The devs seem focused on mobile wallet development and that is also necessary as well but to me it isn't necessarily the meat and potatoes. I guess there would be some work to do in regards to infrastructure but to me merchant acceptance is key.

No matter what air drop system you chose,the coin will go down if the devs don\t add value to this coin and real use. I\m a long term holder and i feel BTX is better and faster then BTC

Ya I thought it was important that the devs got to see what the community wants in regards to the distribution.

I'll just watch this thread to see if anything new shows up. The coin could do more marketing while the airdrop is going on so the price won't go lower.

Also agree. It kinda looks like some MLM bulls¤it, if the Devs keep holding such a big share.

Its a possibility that some may sell but to me it is worth it in the long run and the smartest people will keep their 3% weekly distributions after the drop. This is what it would look like if you had 1500 coins and held until February. To me being distributed to the public in the hybrid method would bring legitimacy to the project because it would appear to look less like a scam coin. Obviously it isn't a scam but having the devs still controlling a lion share of the coins for another year is kind of negative too.

https://imgur.com/DBRyH9O

What the hell is BTX? Its a new "Bitcoin Core" coin with 20MB segwit. For those interested here is a link: https://bitcointalksearch.org/topic/annmain-bitcore-btx-datacarriersize-up-to-220-bytes-1883902

It would have been much better if a link is already posted on OP instead of just assuming everyone already knows what this is.
But anyway who is complaining, free coins for everyone. Thanks!

If you put something up for vote, have at least proper choices, the 2 choices that are in the voting thread are not enough, there obviously has to be the choice of slow and steady weekly 3% airdrops till the end, which I believe is much better than airdropping millions of at once which could 1/10 the price in a day, then you see the FUDers, the trolls, the panic and the coin is fucked. You want more options, otherwise the vote is meaningless. Here's an idea, keep the 3% weekly but on top of that, make an additional giveaway using a site like this to track the effort/work https://gleam.io/examples(or others, I don't care which), lets say something like, do 1 tweet daily for a week to get ...1% (whatever number, can be voted too) extra coins (on top of the 3%) up to...500 coins (100 at least, max 1000 imo), so basically you would pay someone 5 coins / week for 7 tweets about bitcore (fixed text or their own, whatever). These numbers are just examples as is twitter, you could do the same with facebook, youtube, whatever platform but for people with a follower base, obviously to have meaning and to avoid fake spammers. Something like this is the way to spread the word meaningfully and credit those who do the work in a fair manner, why should random people for absolutely doing nothing get huge distributions ? When it's most likely they will dump as soon as possible and move on to the next coin that has a giveaway or such.

By doing this, you ensure that the coin's publicity steadily rises and it adds huge buying pressure because if you want to get the weekly 2-3-4% extra vs the others, then you have to first buy the coin (if you don't already have it). Now that I think of it, I would have a minimum amount of work for even the 3%, so, following and liking on all social media and do some little work for the weekly 3%. This is how you give the coins to the people that care about it and not those who just buy in and sit on it, wait a few months and dump it.

Think about the above guys.

Hey, people, what 25%??? Its a 4 million. Now is 1 million. What will happen to the price? This is the abyss! I vote for the Devs option.

No problem! I love the coins features but I just felt in my heart that the distribution method wasn't for the best. Each of the 3 plans has their own pros and cons but I thought that my plan mitigated the cons while maintaining most of the pros that everyone loved about the coin. It also still distributes the coins to BTC holders as an invitation like you wanted to as well so I thought it was a decent compromise.   

Of course it will because do you know how much more you will get if you get the compounding 3% weekly airdrop after a large distribution? I will make an excel spreadsheet for that as well if you would like but it is actually massive. So basically anyone with half a brain would keep their coins in their wallet until atleast February.

You really think the 3% drops will stop a dump after such a big drop you are crazy. First large holder to get their coins on the market will dump the price.

Thank you for the poll.

Kind Regards Christian

Honestly I have not been in this position before so it is really hard to say with any accuracy what will work. I wish I had more experience to draw from but I dont. To nobodys

surprise I choose the hybrid plan therefore. It isnt because we get the most but the argument laid out by gwestcot seem pretty sound. If somebody can debunk them in a major

way I am all ears. I understand there is a big scare that people will dump after such a big drop, but does that 3% moving forward on a huge balance not incentivize to hold? I

certainly will hold if I know I am getting 3% on a big balance. Regardless I am for whatever options nets us most ROI in long term. I could care less if I get more coins now or

less, whatever is best!

I will make a spreadsheet and post it in the forum so that the two can be compared.

It isn't identical... The distribution is significantly larger for those that are current BTX holders and the airdrops would continue as usual. I threw the devs intentions into my plan only as a compromise so that coins are distributed to BTC holders as well. My plan has the coin being far more distributed out than the devs plan but it has incentives continuing so that it prevents a dump.