The funds are not meant to give away to institutions, they are meant to be distributed to users.
I didn't think I should explain it in full, but since you don't get it I will. Obyte's original plan was to have institutions to act as witnesses. Ask Tonych if you don't believe it. This is difficult, as Tonych lately said. Nevertheless, this goal should still be pursued. Offering bytes to them could ease things. Anyway, they would not accept them if they are not interested, since they wouldn't understand the usefulness of accepting. It is written "distribution do Institution" but it reads "onboarding institution."
That's makes even less sense. Your great idea is that we should pay companies to become witnesses? Like that is somehow going to work out great.
Or are you suggesting we should cover the fees of doing the witnesses? I am afraid you haven't even researched how witnessing works or how little is needed to run a witness.
* draw airdrop [...] motivates people to hold the bytes, exactly what some people asked for, a motivation to hold.
Yes, it will motivate idiots. You are a dev I guess, have you ever heard of the laws of probability? Lotteries appeal only to VERY stupid people who can't understand probabilities. You have usually a higher chance of getting in a car accident than to win at a lottery - so to base your actions on the hope to win a lottery is totally stupid. Moreover, why would you have to win a "positive" lottery? Perhaps the lottery you end up winning a negative lottery instead - ie the car accident one. So my question now is: is Obyte's plan that of selecting idiots as preferred holders? I guess you know how natural selection works.
By the way, I am holding my bytes - but NOT because of the lottery. In spite of the lottery. I hold bytes because I believe in the project, which is NOT a stupid reason to hold bytes - as it instead would be the lottery reason.
Seems like you just have heard somewhere that lottery is stupid and now applying it to everything that mentions lottery, but Draw Airdrop mentions lottery just because it has elements of lottery, but is nothing like actual lottery.
Draw airdrop doesn't have the same risks that regular lotteries have. Normal lottery is stupid because there is almost certain downside of loosing the ticket price and unlikely chance of winning.
Regular lottery is stupid because you lose $1 and you have 1 of million chance of winning $1 million (minus taxes), you could just donate to government directly instead of participating in lottery.
Draw airdrop, it doesn't cost you anything to participate and you have 1 of 5500 chance of winning 100GB or 1 of 550 chance of winning 100GB if you have done Real Name attestation, which is not comparable how bad regular lottery is. Your only risk is that GBYTE value can go down.
I have acknowledged that there are good ways of distribution, and I deeply respect that. I was just asking for more in substitution of the idiotic way. If there is no new good way, just keep the bytes until a good way appears. I've mentioned the Hedera Hashgraph example for a good reason: patience is an option.
Cannot please everyone, some say that the distribution fund should be spent faster, some say it should be on hold. I think it should have predictable distribution rate, that's probably why the draw airdrop was not totally cancelled, but reduced by exactly the amount that the new distribution, developer contest, spends every 2 weeks. So, the distribution rate would stay the same.
Do you have proof (actual data) that draw airdrop is harming the project or that's just your opinion?
Only my skills in logic, but I understand this will sound very mysterious to you.
As of the argument that it is not producing adoption - which is actually my point - this is self evident, all the bytes go to single people who have already adopted Obyte, which means zero new adopters added.
That's a sh1tty excuse for not doing some research. Actually data is always more important than somebody's opinion. Opinions are like assh0les, everyone has one.
One look at CoinmarketCap and you could have said something smart like: "changing the draw airdrop from every week to every 2 weeks has reduced the trading volume", but you didn't do that. I bet you could not run a successful company by just counting on your gut feeling and not the data. I don't have any data that draw lottery raises or lowers the price, it just seems it affects the volume.
* Then there is grants program, which is not only for developers, anyone can write a proposal project document, but not many do. I guess it is too much work to actually do something that would benefit the community, everybody just wants stuff for free.
https://medium.com/obyte/byteball-grants-program-906a71b93d3cI have to admit I was unaware of the grants for non-developers and I apologize for that. Happy to hear there is this option. Perhaps this part should be put in better evidence for the community.
Another example that you are not into doing some research first before voicing your opinion.
Second of all, pay me a bounty for having suggesting you one first right thing to do.
My two cents - or bytes.
All I can see is that you think that somebody should just give you free bytes for actually not doing anything really, just for writing a random misinformed Bitcointalk post.
You are a dev but you can't properly read or count or both or more likely you may have problems to understand what you've read. Read again. Read better. I've been asking just for 2 bytes - or 2 cents, at your choice. It's probably one of the rare cases in Obyte where to send this "free money" has higher fees that the value of what you would be actually sending.
I think it is you who has problems with reading and writing, you literally say that somebody should pay you a bounty for Bitcointalk post.
"My two cents" expression is used to state that you had an opinion, not how much the bounty should be. Learn English and don't use expressions which you don't have idea when to use them!
