Quote
Initial distribution
There will be no ICO, no crowdsale. I believe the success of a currency depends on the number of people who own it, in fact Peter R’s research suggests that historical marketcap of Bitcoin follows Metcalfe's law: https://bitcointalksearch.org/topic/empiricalmathematical-method-to-choose-which-cryptocurrency-community-to-join-572106, i.e. it is proportional to the square of the number of active users. That’s why I want Byteball to be in the hands of as many people as possible:
98% of all bytes and blackbytes (the private untraceable currency) will be distributed among bitcoin holders who link their bitcoin and byteball addresses before the launch. No investment required, you keep your bitcoins, plus receive the bytes and blackbytes.
1% I reserve for myself
To link your byteball and bitcoin addresses, you’ll need to make a small BTC payment to a one-time bitcoin address created specifically for you. Next, you consolidate all your bitcoins on the one address you paid from that we know is controlled by you (if you have only one bitcoin address, you skip this step as all your bitcoins are already on a single address). Then the number of bytes and blackbytes you receive on the launch date will be proportional to the BTC amount on your linked address in a specific bitcoin block (e.g. in block 437000 which is expected late October - early November). The detailed instructions and the exact block number will be posted later when we get ready for launching the livenet.
There will be no ICO, no crowdsale. I believe the success of a currency depends on the number of people who own it, in fact Peter R’s research suggests that historical marketcap of Bitcoin follows Metcalfe's law: https://bitcointalksearch.org/topic/empiricalmathematical-method-to-choose-which-cryptocurrency-community-to-join-572106, i.e. it is proportional to the square of the number of active users. That’s why I want Byteball to be in the hands of as many people as possible:
98% of all bytes and blackbytes (the private untraceable currency) will be distributed among bitcoin holders who link their bitcoin and byteball addresses before the launch. No investment required, you keep your bitcoins, plus receive the bytes and blackbytes.
1% I reserve for myself
To link your byteball and bitcoin addresses, you’ll need to make a small BTC payment to a one-time bitcoin address created specifically for you. Next, you consolidate all your bitcoins on the one address you paid from that we know is controlled by you (if you have only one bitcoin address, you skip this step as all your bitcoins are already on a single address). Then the number of bytes and blackbytes you receive on the launch date will be proportional to the BTC amount on your linked address in a specific bitcoin block (e.g. in block 437000 which is expected late October - early November). The detailed instructions and the exact block number will be posted later when we get ready for launching the livenet.
Why did you choose around this block, why not push this distribution process few more months all the way to new years. Then we can countdown for new years and byteball.
current expected distribution is only a month and a bit to two months most. That is not very long, especially since you wanted get as big of a distribution as possible.
stretch out few more months and maybe pay bounty for people to advertise out.
