Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 596. (Read 1234367 times)

Hello AlehandroTheGreat,

congratulations to your large Byteball holdings. Please let me point out some things about
the dynamics of Byteball in this open letter:

Byteball has chosen to solve the inherent problems of initial distribution in a somewhat
unique way: The airdrop method. It rewards the people who already have a (considerable)
stake in the Bitcoin world. I think Byteball managed to attract attention to itself and its interesting
alternative solutions of P2P cryptotechnology rather successfully.

To discourage a "hit and run" interest it also set up the 20% payouts for those who are willing
to continue holding Byteballs. This surely entraps the profit-seeking part of our reptile-like brainstem.
If you can be driven to panic with a short term view of one Sunday night I am sorry for you, because
I consider this part of the fundamentals a rock solid way of building an initial relationship and over
time a familiarity.

Let me finish with a little outlook for the future: What will make people stay with Byteball once the
airdrops have finished? My first answer was, that the run for the exit will be catastrophic. A true
crypto armageddon. Everyone will just sell, the price will be 0 and it is over.

Actually I guess that you were hoping for another answer. While the price will certainly drop HARD at
that point I think that its past record of:

- having arrived in the (atleast) TOP 15 Cryptoprojects (distribution being complete)
- being fast
- proving reliable and secure

two more fundamental will come into play:

- big bitcoin holders that know how to hold are engaged
- only 1 Million Byteballs exist. Show me any crypto which works with such a low total supply! It is like
reinforced Bitcoin fundamentals on steroids and partially also responsible for the current high price.

Best regards and let the panic RIP

Flow

-bonus: perhaps one more major exchange could add this project.

Go here for an invitation: http://slack.byteball.org/

This may be blindingly obvious to most (I've never used Slack) but when I go there it says 'Contact the team administrator for an invitation' ...  how do you do that?  The text isn't hyperlinked, and I don't see any kind of register option.

Well since you don't have a damn clue that Byteball's unit to spend is called bytes and that you can't have "120 Byteball", I'm assuming you don't actually have a very big stake in this, do you?
Why the fuck would the price rise 20% after a distribution round?

Please come to: http://byteball.slack.com Tell them negerkolle sent you. They will explain everything for you and help ease your mind. They might even give you some free balls like they gave me yesterday!

where to sell / how to use GBB?

they cost you nothing that bonus so you arent losing on what you didnt buy. so why all these posts on coins like going to moon x100 etc. if you dont think logically im not sure what your predictions on coins come from.

i think you are right. same pattern we can observe in ICOs when first lised on exchange. initial huge dump and when the bottom hits those who are waiting start buying leading to a pump. after the huge pump the price will then slowly decline until it stabilizes to a price range.

Yes, the price will go down by 99% in the next few days, never to recover. /s

Your BTC wallet, you must have some BTC in your BTC wallet. And if you want to receive "1 byte on any Byteball address [which] gives you 0.2 new bytes" then you must already have some bytes in your BB wallet.

What do you mean by "You must some amount into your wallet to receive Byteball." I have 0 Bytes and 0 Blackbytes !?? If you mean about the bitcoin wallet then yeah I know it, but as it was stated in the website the airdrop/distribution wasn't made at the exact hour but after many hours which I firstly was worried if I didn't setup correctly the signatures.

All details given at OP you need to it carefully to understand how this distribution will work. You must some amount into your wallet to receive Byteball.

ffs think, I have 120 Byteball in my wallet, waiting for +20%, but price dropped -30-40%

Why I am in panic? cuz I am losing money

Distribution days are rather noisy to serious talk.

Be aware that most of the community is on slack.

ffs think a little instead of panic. snapshot snaps how much you had so your bonus is already taken. after snapshot people send and sell knowing the bonus is coming and any sold dont now affect it cause snapshots been taken.

people need to think more rather than panic, jump to conclusions and be all me me me. most of the influx of people here could just rewrite their posts to how do i make free money plz... how do i get rich with $1.

id love to see some more posts on dev work and people wanting to implement services, new bots and oracles. i find this interesting.

Price will goes up in the next days or even hours, no problem.
It is only speculative sellers.

Ok here are my thoughts about it. There were already several airdrops before. Furthermore Byteballs can be traded on 2 or 3 other smaller exchanges. Bittrex is one of them! As there already some holders of bigger amounts of byteballs and the fear of the coming price decrease due to instant dumping after this airdrop, some guys who hold byteballs dumped in advance. Probably to take some profits and buying back cheaper again after the distribution. So it may be wise to hold for a certain amount of time before you sell, if you wanna sell.  

Here's your answer: https://bitcointalksearch.org/topic/m.20024611

I have another question: In my linked BTC-wallet there is a BTC amount of 1,6137... BTC since 3 days. But the bot told me: Current balance of this address is 1.47898801 BTC.
Why is there a difference?

So kind Thank you!

Distribution still didn't start. As someone said, watch address from above, when there will be new transaction (last is from last airdrop on 10.6.2017), then distribution will start.