Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 245. (Read 1234271 times)

How to sell Blackbytes which we received with airdrop?
any markets to sell it

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$?

Any body here think the word Byteball is an appropriate name for the coin,people when they hear the word Balls usually think of testicles,what's the first thing you think of when you hear the word balls?

An airdrop across Bitcoin and Byteball holders (as was done previously) is not the same as a burn. But Saxnot's idea was an airdrop of Bytes to the existing Byte holders. This would do nothing to widen the distribution and is similar to a burn. The only advantage could be psychological - liquidity could increase as Byte holders consider these as free dividends and might be more likely to sell them.

You have a funny definition of dead. People are doing it.

You're totally omitting the referral bonus. The program is waiting for some motivated individuals to become power affiliates and start onboarding thousands of users.

You're also neglecting the fact that getting crypto is exciting. The $20 can become $200 pretty quickly.

Thanks for your reply. I guess my last couple of posts were quite a daunting block of text. So I appreciate you taking the time to respond.

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.




Yes its pretty dead or at least hasn't been a roaring success. Although there is nothing sinister about it (that I can tell), it is far too easy to think that there might be. Especially to an audience of crypto nerds.  Its an edge case feature which may one day be useful but currently has no use cases (that I know of).

I think its been another PR mistake incentivising the ID verification. Its too easy to create the wrong impression and I guess that its glitchy and sometimes fails isn't good PR either.

I thought byteball had a new PR guy?

it's dead before it even got going. no one is going to go for it in its current form. it's an instant turn off. the fact you have to pay 8 bucks to total strangers each time and it may not even work is laughable.

even if you wanted to dump you would actually be paying to dump it by the time you paid for the ID and trade and withdrawal fees.

if it was glued to an existing system that had already ID'd people then it would work. exchanges are the easiest way. useless for onboarding real people of course. social media accounts is the next one and that should be explored, not this.

The ID verification system JUST started. It is by no means a failure yet.

Airdrop is not quite the same as burn. An airdrop seems more likely to crash the price, but cause a wider distribution.

That is equivalent to just burning the undistributed Bytes. Waiting to see if the methods proposed by Tony to actually bring in new users will be prudent. By and large, the method of distributing Bytes to those who link their real world ids seems to have failed. That doesn't mean that the other proposed methods are not worth trying out.

Yeah but I bet (if you haven't already) if you're in crypto long enough you'll give away your identity to use a company's service. I agree that the financial carrot isn't adequate to get most people to verify their identity. But if a good use case comes along people will do it for free. So I'm glad this solution is already integrated.

Airdrop only to Byteball-users up to 100% or 99% and just let the free market work. bitcoin works in the same way, buy a miner and grab your rewards, that's it. here is no PoW or PoS so Airdrop for all byteball users and go.

What would be other ways we could distribute this? Referral fees for both new joiner and the referrer works well (See this in both Crypto and real world with Uber) but can we stop this getting abused and only apply to genuine users? minimum time period before funds can be sold or a number of transactions to take place prior to funds being released?

yeah, but without any doubts and regrets they will dump at once and  just pretty much screw the whole thing up.

But these poor users have a pc or smartphone (with stable electricity and network) to collect $20 (-8$) and to do what?

I would not either. But there are such poor countries who are ready to do this without any doubts and regrets

I understand the need to be careful with disclosing your ID, it's can be hacked and used for a number of bad things but your argument doesn't make sense. Whats this person going to do with your ID? Create bogus credit card applications, sell it on to someone who will? You just stated he controls 40% of the value and certainly doesn't need the money.

no one sell their identity to the network where the owner controlled 40% of the value and 100% of the network.
That's the reality, if it were different we would not have the problems.
And the byteball project is not alone in the market,

I think people from Venezuela will be highly interesting in use this promotion and get some easy cash and create an ecosystem out of byteball.

That's the hard part for a good distribution model.
The initial plan is to involve more people in, but try the best to avoid the cheaters by IDs.
But in the crypto world, few peoples would like to "sell" their IDs for only $20. At least, not me.

I would not sold my personality even for $2000. Looks like Byteball is launching a hunt for schoolboys .