Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 389. (Read 1234315 times)

 
People crying about distribution are so hypocrite, it's mind-blowing. They're all greedy like all others but don't bring anything to the table except noise and uninteresting discussions. Why do you guys even reply to them ?

There is no free lunch. If you're still poor after years in crypto there is no reason it'll ever change and that's not a distribution problem : you are the problem.

I think,Tonych is smart enough.For him the result is more important as the game.

It takes long time to sync the data.

I don't understand why you say that you don't believe dependency on donations works well and name Bitcoin as an example. It is the proof that a project can be successful without business model even though I do not recommend Byteball or any project to be like Bitcoin.
Conflicts are a consequence of success and high valuation, there are no conflict when a project has no value. See Tezos for example, one of the highest ICO ever and already a conflict before it's release. I think it will turn well for them because the class action is very likely to fail but in the meantime, Tezos enjoyed one of the highest buzz in all the ecosystem and became the most anticipated project.


Interesting but I don't think it's a problem of busines model or funding at this point. In fact there is a business model to fund development since the start : 1% of all supply + 1% (forgot what was it for) + control over the undistributed supply which represent 35.5%. That is more than enough to fund almost anything.

From outside, the greatest Byteball innovation was, and I'm sorry for all the dev work, the airdrop distribution. It is still the biggest trend in crypto but it was too easy to copy for thousands of shitcoins that took all of Byteball network effect.

What about growing the team and partnerships ? Iota is spamming non-stop those weird new team members and partnerships between downtime, fatal flaws and emergency bug-fixes. They are so good at narrative that people keep cheering non-stop. It's all about the narrative, telling stories, sharing a vision.

Monthly distribution successfully acquired tens of thousands of new holders, but at the same time bytes always oversold badly. Short-term sellers enjoy their free lunch, while hodlers have suffered most. That's not healthy thing for the community...
Not sure the cashback program is the best way, but i agree that we should use precious resource for more productive way.

Thanks a lot for clarifying. It’s my first Airdrop so I didn’t really know how it works

Great news Tonych  


I was worried the distribution would continue as is.

Agree with you and kola that remaining bytes/blackbytes are much better used for distribution schemes that attract more users per spend byte, as well as pay devs that develop things.

I liked very much your idea of some free bytes for everyone that installs the wallet.


What concerns me most though is the lack of sustainable business model.

How will devs and other needed development and marketing expenses be payed once the limited stash is gone?

I don't believe dependency on donations works well. Only a few donate and pay for the bills for all coinholders.

After a while conflicts arise and the model in the end is changed, as is happening to Bitcoin, Nxt, Bitshares and so many others.


Think Dash, Decred, ZCash have solved this problem well by having an unlimited inflation where a piece of it continues to go to the dev/marketing.

However with a limited supply like Byteball I see only 2 solutions, break that agreement like Bitshares did and issue more coins, or abandon the project and build a new one with new tokes like Nxt did with Ardor, or much better and not tried yet to my knowledge, have a piece of the transaction fees go to a fund that pays for these things.

A hard problem to solve. Curious in your opinion on this.


In any case, thank you so much for everything. Love what you have build!!!  

The distribution of Blackbytes is still ongoing, can take a few days.

I got the bytes from the airdrop but didn't the the blackbytes,were they already distributed?

I'm guessing you are one of those people that picked a full node, because...  Well, I bet you don't know why.  Had you picked lite wallet, it would take a second or two.


Byteball isn't limited by country or world.  Even Aliens can partake... you know, if they're connected to Earth's internet.


It was expected.  It's done the same thing the last 6 distributions or so.  This time is was also expected since ALL alts are dropping.


I agree.  I still didn't find it myself.  Someone told me about how I could get free tokens and sell to get free bitcoin.  So, I linked, and received byteball.  But, I read the whitepaper and decided I liked the concept and never sold a single one.  If I was in it for the money alone, I would have made a poor decision by not selling.  So, either I am not in it for the money, or I like the idea.


I completely agree.  I haven't moved any from primary wallet(s), but I have played with others for testing.   Never sold any.

cryptohunter, a retroactive snapshot would have blacklisted exchange coins for example, and also caused numerous other problems. Furthermore many holders have their BTC split between addresses already. Giving large BTC holders bytes was a good idea, not perfect, because they may also buy bytes on the open market or support it in other ways. Many of the *largest* BTC linkers haven't sold a GB. Anyway all has been said and done.

The suggestion to distribute to ETH holders is not to make ETH holders richer, but to market and distribute the coin to a larger audience. It is just a suggestion and I believe tonych has not taken it up because it is logistically difficult.

If you look at the market history on bittrex, it shows that around 500,000 GB has changed hands there. Many GB have been distributed from people who don't want them to people who do. You may have taken a 80% haircut to your BTC (counting distributions) which only is a 50% haircut to your USD, but that is not actually that horrible for a crypto investment which is very risky. It is a good thing in the long run that the price has been low so people who want to buy it can.

You were never promised airdrops for the entirety of the supply. It would actually be foolish to do that at this point price and value-wise, because that would inflate the supply more without guaranteeing the future of the project. It would be better to receive 25% on top of existing balances with remaining supply used for more useful things to help the project, than 50% on top of balances making the price 33% less and have the project fade away.

And yet, you still registered for it.  LOL


The the first post, or even the white paper, or even the information on byteball.org


You've never been able to mine it.  So, and I am now just guess, exactly ZERO people still are.


You could decide not to participate in it instead of complain about it.  Or, better yet, come up with a better method on your own alt.
It's almost tiring to read everyone bitch about free money.


And, I have to laugh at you again.
BTC holders get .000625 per BTC owned.    That means, a BTC holder needs 160BTC to get just 1GB.

Yes, this means a BTC holder must have nearly $1.2Million just to get $200 worth of byteball.   You're complaining that bitcoin holders get byteball.  Gotta laugh as I am sure someone with $1.2 MILLION dollars has better things to do that worry about $200.   You know, just to be clear.

where I can find a good calculator to see how much I can earn with each airdrop from byte ball?
I never used this system unfortunately I have lost a lot without claiming

Yeah, well, I'm still sitting on my airdrop byteball. There is no way to control what people do with their coins. You seem to have a chip on your shoulder about bailing whales, but do you have any data to show for it? My point is that without the distribution model chosen, it is very unlikely that this coin would have broken through the noise. Even though it has several innovative aspects.

I believe you will continue with such spirit and will make this platform most successful.

"You are expected to receive 0.111883569 GB and 0.236197403 giga-blackbytes (GBB)."
...
"Payment: 0.034343383 GB 1:13 AM"
...
That moment when you're wondering where the rest of your Bytes are... And then you realise the Transition Bot is probably just having a cup of tea and a lie down while the distribution is in full swing... and actually go and look at the "History" tab... and your current balance and do the math properly...

"RECEIVED +0.07754 GB 12 hours ago"    
"RECEIVED +0.03434 GB 15 hours ago"

In other news, it is good to see the Dev actively working on the project and putting some proper serious thought into the Distribution model and not just cruising on autopilot. Will also be interesting to see how the TitanICO plays out

Going great guys.

The super rich were enriched super style with no risk to their btc
The competing projects were given more byteball than our own dev and we are now taking away the promised coins from byteball investors to pay for development
The rest got some crumbs
These first 2 groups control and will make the markets now for possibly months or years.
Tony's earnings are unknown and not relevant to the point that the distributional model was actually horrible.

The velocity of circulation sounds nice but eventually can be 1 small step before infinity so that is small comfort to those that are 90% in the red for investing under the impression of accumulating more byteball per full moon and are now getting told that probably was just a typo and actually they will get nothing other than a 90% hair cut on their btc.


Great is non exciting word. Tell me how this could have gone Amazing/phenomenal I want to hear all of the terrifying details.

Yes, but can the contracts be configured for cross chain swaps (seems this would be obvious)? Maybe, has anyone ever done it?

What are you disagreeing with exactly?
There still would have been an airdrop right? just not the whales shares auto going to competing projects, exchanges and the already super rich.

2011 of course you disagree I would too if i was sitting on a bunch of sub 1 dollar btc.

Please go back and re read my posts near the start of this thread so i need not explain it again.

The first distribution was the crushing one and far more important than all of the rest.

The retroactive snap shot would have prevented people splitting their wallet for the sole purpose of linking to byteball.
Or just put a cap on how many bb a single could be given to one address without announcing such limitations ahead of time. Tony has no issue changing a few small details here and there anyway as we go.

I never said fully distribute in one hit please do not create new statements or ideas that you can refute that didnt exist before you invented them.

Sorry mr eth holder I don't feel we should introduce more confusing and convoluted schemes here. Tony flat out refused to consider any other alts at the start.