Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 140. (Read 1234271 times)

fair enough, you think the same as many people, I cant really argue.

To be honest I think many people have left through frustration for the reasons you mention

I too have been frustrated, especially regarding lack of decentralization

On those two subjects I can say

1. There has been a public statement that the aim is to have half of witnesses out of tonys hands by January 2019 http://prntscr.com/kia3my This was annouced recently, and previously nothing remotely this concrete was ever stated. Valerius who started as head of strategy in June is in charge of getting this done. Remember before around mid 2018 nobody but Tony and a few devs were part of the project. Sure Steve has been around for a while but apart from him nobody in a non development role for any period of time. The resources are now in place to actually get it decentralized, where as before tony and the devs didnt have time. Remember Byteball hit a market cap of like $800 million with a team of basically 5 people, and it did this twice, May 2017 odd and January 2018.

2. Distribution methods. Steem was the first time Byteball had ever incorporated a smart contract to lock airdropped funds for 1 year, and that only started in July. The signs are that this has gotten bytes into the hands of far more people than continually airdropping to bytes and btc holders like initially planned, 65,000 new wallets from that alone https://byteball.co/attestors

Similar distributions are planned for bigger platforms using the same format, but locking in a higher % of the funds into a contract as evidence shows it doesnt seem to affect people that much if they are getting it free anyway.

This should get bytes distributed amongst far more people than the vast majority of other projects

Ethereum has blocks and transactions.

Byteball only has transactions.

Thank you for the offer but no thank you. I can't see myself working on or with a coin that is operated by a single person, and the distribution of which is controlled by a small group or even a single person in secret.

I actually was quite interested in byteball at launch, and had plans to run a full node and setup a bot on freenode for tipping and/or betting, but I'm quite disillusioned by the repeated changes to the distribution mechanism(s) and the total network control by a single individual 18 months after launch.

Similar to afbitcoins I still hold a bit, which I've basically written off at this point, but time is much more precious than some satoshis. I just see this thread pop up on my unread list a lot and thought I'd chime in with some perspective.

they have not been used. the Medium post was a proposal to use a proportion of funds like this, but its still in the proposal phase.

When its known how they will be used for sure there will be details but currently its not known.

Further its not like all the funds will be sold at one go. As for price amounts its depends on the USD price in the future, nobody can predict the future, especially not in crypto, so many factors influence

We will be doing future distrubtions similar to Steem which will have a much bigger impact on the release of funds than anything the team does slownly over time

Are there reports on how the funds are used? Prices and amounts of cash outs? Who gives them coins intended for distribution? And who are you?

nowhere does it saying 110k for marketing. Further it would be sold over a period of years. This stuff is so obvious it makes me question the intelligence of people here

byteball has a very small team. if you would like to help out send me a DM, that would be great. thanks

https://cdn-images-1.medium.com/max/1400/0*qPd3SOtzBZSaaGhT

110K has not been allocated to the marketing team. if it had it wouldnt not consist of about 3 people.......

FUD

The Capybara Exchange

https://capybaraexchange.com/

This exchange is run by the official Byteball representative from Venezuela, which sort of makes it the official place to exchange your bytes for fiat in Venezuela but soon it will be also accepting other crypto currencies too, including Steem and SBD!!

Capybara Exchange Enters the Fray!
https://steemit.com/cryptocurrency/@lunaticpandora/capybara-exchange-enters-the-fray

Thinking about investing in market coins, but it is wrong to invest in coins on the market because all the coins fall due to each other. invest in new coinlere right.

With the recent dip 1GB is only 60$ now.

The World Community Grid Byteball team is growing and climbing the world rankings!

712 active team members, global ranking #58.

Join us today! https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=R1RD1XTFK92

The distribution has been handled very badly. I was very vocal about it at the time and my feeling has not changed one tiny bit. From my own personal point of view it started very well with airdrops to bitcoin holders, although I missed most of those due to hearing about the project too late I still thought it was a great idea.

This plan was then modified so that byte holders benefited from airdrops to a greater extent than bitcoin holders. To me this again seemed fair and a natural progression.  I bought some bytes and benefited from a couple of airdrops. In hindsight this was the high point of the distribution plan.

I was aware that the supply was increasing hugely (As it had to. But also putting downward pressure on price) but this seemed like was offset from feeling like I was getting reward in terms of a slice of the pie receiving bytes on full moon as reward for showing faith and investing in the project by buying bytes.

So I bought more bytes, anticipating full moon airdrops. But then the warning signs, distribution to be skipped for the next full moon.... and then skipped again. Even then I still   ignored it and decided to buy in bigger. The tech being exciting. Then BOOM.

No more full moon airdrops AND no plan. Instead tiny amounts trickled to people for proving their ID. wtf! Most importantly no incentive to hold instead an incentive to dump. The fall down the rankings was entirely because of this.

At this point there is no point me selling really. I've made so many losses on byteball I may as well stick with it now. Its virtually written off in my mind. Despite the failing of the distribution I still think good things are possible but it is essential that a plan is made and stuck to. And that the distribution is finished. I haven't even gone into the question of witnesses but these also need to be sorted out before any credibility will be attached to byteball.


 

I said very similar things months ago but it all fell on very deaf ears.

Hahaha but don’t worry! Their allocated funds are being put to good use!

however you want to look at it, that is a genuinely pitiful figure. the more telling one is how far down the rankings it's tumbled as the actual percentages ain't too far off many much larger projects.

most people were here for the airdrops and nothing else. had the airdrops continued as scheduled the same probably would've happened but the uncertainty and rug pulling did not help. people like plans. they like plans even more that are stuck to.

if you can't stick the plan clearly signal it a long time before and introduce a new one at the same time.

The price is real crazy - a real let down for those who believed in the project and invested their money. I think Tony should have a real hard look at the distribution methods. Having no marketing might be better than the current dysfunctional methods.

the old airdrops to bb only holders worked a bit like pos. Stopping them destroyed confidence in the word of the devs.

the new ideas don't bring in investors of notable worth ...

You want investors with some clout who bring in others of considerable means.

Right now the only advertising worth doing is CMC rating (most is just manipulated shit anyway to appear to have huge caps)

The market is now based on speculators only ... chasing adoption soley right now at the expense of speculators is a losing battle.

The distribution model from the start pretty much killed it anyway as I said from the start. Giving huge bulks of your minting to devs from other  icos was never going to be the best move really.  Will take time to rectify but eventually if the plans with decentralising more, higher tps, get it all distributed or burned......it will make a come back if it clearly is superior to other projects in key areas.

At least the dev has proven skill unlike 99% of other projects so that counts for something eventually I'm sure.

When the marketing team will start selling the 110k Gbytes allocated to them?