Author

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 244. (Read 1234271 times)

legendary
Activity: 2101
Merit: 1061


It would have harmed the long term success to do another airdrop?? Really? By that logic Tony should have done no airdrops and HODL'd 100% of the coins to avoid harming the long term success. Your argument has no logic. Have you seen the price of byteball lately? That extra value of distributing small amounts isn't working so far.


The airdrop worked in the beginning as it went to bitcoin holders that were not byteball holders. So first airdrop boarded all new users.

However, subsequent airdrops also gave to not only bitcoin holders but also byteball holders, who were already onboarded.

This was chosen to reward early adopters, but I think was overdone, too high a reward compared to bitcoin linkers.


This started a strong buying pressure to have more bytes, as they also earned a big dividend, pushing up the price rapidly in the first few months.

This attracted again more bitcoiners linking their address, and so new users also continued to come in, albeit at a slower and slower pace as most linked bitcoins were already linked in the airdrop before.



The peak was reached somewhere in the middle of 2017 when unsustainable price acceleration collapsed and amount of bitcoins linked started to go down peaking at 1.3 million.

Since then amount on newly installs of the client slowed down a lot, and so the evidence was in that the airdrops did not longer work well, but still continued to cost a fortune.

Roadmaps change as results come in. Goal has always been adoption.


We clearly disagree so I will leave it be.

Yes we do clearly disagree. If you want to increase the user base one of the first things you do is try to keep your existing users not lose them.
sr. member
Activity: 327
Merit: 250
The Best Investment Deserves The Largest Exposure


It would have harmed the long term success to do another airdrop?? Really? By that logic Tony should have done no airdrops and HODL'd 100% of the coins to avoid harming the long term success. Your argument has no logic. Have you seen the price of byteball lately? That extra value of distributing small amounts isn't working so far.


The airdrop worked in the beginning as it went to bitcoin holders that were not byteball holders. So first airdrop boarded all new users.

However, subsequent airdrops also gave to not only bitcoin holders but also byteball holders, who were already onboarded.

This was chosen to reward early adopters, but I think was overdone, too high a reward compared to bitcoin linkers.


This started a strong buying pressure to have more bytes, as they also earned a big dividend, pushing up the price rapidly in the first few months.

This attracted again more bitcoiners linking their address, and so new users also continued to come in, albeit at a slower and slower pace as most linked bitcoins were already linked in the airdrop before.



The peak was reached somewhere in the middle of 2017 when unsustainable price acceleration collapsed and amount of bitcoins linked started to go down peaking at 1.3 million.

Since then amount on newly installs of the client slowed down a lot, and so the evidence was in that the airdrops did not longer work well, but still continued to cost a fortune.

Roadmaps change as results come in. Goal has always been adoption.


We clearly disagree so I will leave it be.
legendary
Activity: 2101
Merit: 1061

I disagree about the March airdrop though, I consider it a PR disaster.  Also I don't see anything wrong with short term gains if thats what one wants to do with their bytes. Not what I was planning to do, I'd have HODL'D  but still I see nothing wrong with it. The whole point they would have been in circulation which is the entire point. Free market. I can speculate that many who sold might have kept byteball on their radar, and one day might have bought back in at higher prices. Whos to say?

For those with a longer term interest they now have to factor that holding for long term now means you can't count on benefiting from any of the new methods of airdrop but you can count on the supply being increased by 40%. You can't know the timeline for this though. The reasons to hold longer term appear to have diminished, that is surely hard to deny.


There is no problem with short term decision making, unless it is at the expense of long term.

People bitching and whining give no shit about Byteball's long term prospects and were in it mostly to dump on the predictable pump airdrops caused.

It would have harmed the long term success of Byteball to do another airdrop blowing many coins with little adoption to show for.


Your logic that the supply will be increased now as they no longer go to existing byteball holders is correct.

But if you use this supply profitably, ie: you give less coins to someone than the value they add to the network, the value of your bytes will go up with every transaction.

Getting tired of the false argument you and many others are continuing to make.




It would have harmed the long term success to do another airdrop?? Really? By that logic Tony should have done no airdrops and HODL'd 100% of the coins to avoid harming the long term success. Your argument has no logic. Have you seen the price of byteball lately? That extra value of distributing small amounts isn't working so far.

Then you call my argument false and in the same paragraph you say my logic is correct!

Central bankers think this way too. We can be better than the market IF we tweak the markets, we can avoid a market crash if we print billions of dollars. Maybe Tony should make himself a print bytes button? Then he can have as many bytes as he sees fit.

The coins should be distributed not HODL'd. The coins were not designed to be a treasury they were designed to be circulating. The roadmap clearly showed that 98% would circulate. Free market should decide the value of the coins. Tony should stick to the roadmap and stick to developing.

hero member
Activity: 1082
Merit: 505
A Digital Universe with Endless Possibilities.
SilentNotary Announces The Sell of It’s Token On the Byteball platform
http://markets.financialcontent.com/stocks/news/read/35908817

ICO SilentNotary on Byteball https://silentnotary.com/


hero member
Activity: 700
Merit: 500
I think textcoins are a really powerful application, we might think about using this in the distribution methods, we could send free coins to people through the mail and recover the ones that has not been used, given a timelapse. What do you think about that?

I agreed that textcoins are a really powerful application. However, the market doesn't think so. I can check the recent price.
sr. member
Activity: 327
Merit: 250
The Best Investment Deserves The Largest Exposure

I disagree about the March airdrop though, I consider it a PR disaster.  Also I don't see anything wrong with short term gains if thats what one wants to do with their bytes. Not what I was planning to do, I'd have HODL'D  but still I see nothing wrong with it. The whole point they would have been in circulation which is the entire point. Free market. I can speculate that many who sold might have kept byteball on their radar, and one day might have bought back in at higher prices. Whos to say?

For those with a longer term interest they now have to factor that holding for long term now means you can't count on benefiting from any of the new methods of airdrop but you can count on the supply being increased by 40%. You can't know the timeline for this though. The reasons to hold longer term appear to have diminished, that is surely hard to deny.


There is no problem with short term decision making, unless it is at the expense of long term.

People bitching and whining give no shit about Byteball's long term prospects and were in it mostly to dump on the predictable pump airdrops caused.

It would have harmed the long term success of Byteball to do another airdrop blowing many coins with little adoption to show for.


Your logic that the supply will be increased now as they no longer go to existing byteball holders is correct.

But if you use this supply profitably, ie: you give less coins to someone than the value they add to the network, the value of your bytes will go up with every transaction.

Getting tired of the false argument you and many others are continuing to make.

newbie
Activity: 3
Merit: 0
I think textcoins are a really powerful application, we might think about using this in the distribution methods, we could send free coins to people through the mail and recover the ones that has not been used, given a timelapse. What do you think about that?
member
Activity: 153
Merit: 10
The remaining distributed gbytes hope to be distributed fairly to more people.
It also hopes that community members can participate in the formulation of distribution rules.
jr. member
Activity: 146
Merit: 1
Hello,

This is on the site:

2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.

Where can i see updated info about the distribution?

You may look backward on this thread. Or you can trace the posts by tony. In somewhere, he presented his idea about the next round distribution.

Thanks for the help!
Not taking the time to update the site with this info says a lot about the seriousness of the project though  Sad
just read further on that same homepage!
it explanes all distribution details on there.
what you quoted from there was just the old distribution method.
the new ones are written somewhere above these.
being lazy on reading the homepage and then questioning the seriousness of the project... those are the right people we want in this project!
hero member
Activity: 1204
Merit: 501
Radix-The Decentralized Finance Protocol
Hello,

This is on the site:

2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.

Where can i see updated info about the distribution?

You may look backward on this thread. Or you can trace the posts by tony. In somewhere, he presented his idea about the next round distribution.

Thanks for the help!
Not taking the time to update the site with this info says a lot about the seriousness of the project though  Sad

The project is very good, you need to buy tokens until they are expensive, then it will be too late.
sr. member
Activity: 279
Merit: 250
Hello,

This is on the site:

2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.

Where can i see updated info about the distribution?

You may look backward on this thread. Or you can trace the posts by tony. In somewhere, he presented his idea about the next round distribution.

Thanks for the help!
Not taking the time to update the site with this info says a lot about the seriousness of the project though  Sad
sr. member
Activity: 292
Merit: 256
BTCWagering.com
if i want someone to do the verifiction, i send them a textcoin with at least 8$ worth of bytes and once he verified i get 20$?

Correct, but he must use the bytes you sent him to pay for the verification. Of course new users have no bytes so you will always get the $20.

It's actually an amazing opportunity to refer people. If you can figure out a way to scale to thousands of referrals, you'll be rich in no time.

Which is why I say the referral program is good, we just need to wait for it to take off.
legendary
Activity: 2898
Merit: 1017
How to sell Blackbytes which we received with airdrop?
any markets to sell it

http://beeb-bot.com

Bought some Blackbytes using this bot in-wallet, how long should I wait for the blackbytes to get to my wallet ? been a few hours now..

What the main purpose of using Blackbytes for you? I have around 40 Gigs of them but   a man like me could find no use for it.

Speculative investment.. what else?
hero member
Activity: 1162
Merit: 568
Hello,

This is on the site:

2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.

Where can i see updated info about the distribution?

You may look backward on this thread. Or you can trace the posts by tony. In somewhere, he presented his idea about the next round distribution.
member
Activity: 219
Merit: 15
How to sell Blackbytes which we received with airdrop?
any markets to sell it

http://beeb-bot.com

Bought some Blackbytes using this bot in-wallet, how long should I wait for the blackbytes to get to my wallet ? been a few hours now..

What the main purpose of using Blackbytes for you? I have around 40 Gigs of them but   a man like me could find no use for it.
sr. member
Activity: 279
Merit: 250
Hello,

This is on the site:

2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.

Where can i see updated info about the distribution?
legendary
Activity: 2898
Merit: 1017
How to sell Blackbytes which we received with airdrop?
any markets to sell it

http://beeb-bot.com

Bought some Blackbytes using this bot in-wallet, how long should I wait for the blackbytes to get to my wallet ? been a few hours now..
newbie
Activity: 50
Merit: 0
To provide long-term stimulation, team tokens were frozen up to 3 years by special smart contract with vesting schedule.
Contract address: https://etherscan.io/address/0x7052ad9bbc671804616e2280059fb3113dcd735b#code

ICO SilentNotary on Byteball https://silentnotary.com/



This approach is very good on the Ethereum platform.
Will the byteball Crowdfunding Gbyte has a similar plan?
I am looking forward to SilentNotary byteball in operation!
sr. member
Activity: 510
Merit: 260
How to sell Blackbytes which we received with airdrop?
any markets to sell it

http://beeb-bot.com
hero member
Activity: 1082
Merit: 505
A Digital Universe with Endless Possibilities.
To provide long-term stimulation, team tokens were frozen up to 3 years by special smart contract with vesting schedule.
Contract address: https://etherscan.io/address/0x7052ad9bbc671804616e2280059fb3113dcd735b#code

ICO SilentNotary on Byteball https://silentnotary.com/


Jump to: