Topic: What's the next "BIG THING" in the altcoin world - page 8. (Read 14186 times)

I am getting ready to go to sleep, and I might forget to come back to this thread. Actually I hope I don't. Should move on.

So I will post this thought a bit too prematurely just because I might otherwise forget.

I messaged @tonych and his initial reply did not deny my allegation. I asked for further clarification because his reply seemed to be worded as an admission but it was still somewhat ambiguous. So if there aren't any further updates, then perhaps you can presume the obvious implication.

I replied to @tonych that I would apologize if I end up having the wrong interpretation.

Also I want to say that IMO there is nothing ethically wrong with a 7% or 14% premine^[1], as long as the developer states it clearly upfront.

IMHO, attempts at deception reflect a lack of long-term commitment and pride in a project, because I believe no developer who is serious/sincere would want his project maligned by (even subtle) attempts at deception.

^[1] Note I actually believe > 5% is excessive unless the money supply continues to increase indefinitely, in which case that premine is continually diminishing over time, which is not the case for Byteball.

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Edit: @tonych replied and the 1% of 1,000,000 GB is confirmed which is 7% of the current 137,000 issuance (and issuance is unlikely to increase much in future rounds). I had the correct interpretation. Note he refused to reply about the wallet signups, so form your own conclusion on that one. I am not quoting him because I didn't ask his permission to do so. And I don't want to annoy him further by asking him.

Most of the popular altcoin are on ETHereum contract. THE "Ethereum" thing is something that adds the quality of a coin. Something a plus factor and even StorjX coin is adopting or migrating into it.

And so the plot thickens.

Why would anyone think to incentivize wallet signups with $0.0067 per signup? The only people who would be motivated would be bots which could signup wallets in huge volume. Could this be another way to obscure the level of the premine? Could Tony have a plan to do these wallet installs with a specialized bot? Seems like he would get competition from other hackers though. Maybe he is planning to use some heuristics to determine which wallet installs are valid? Hmmm. Needs deeper study...

Fyi, @yvv has been put on Ignore.

Very nice! Now this retard is spamming me with personal messages. You are ignored, moron. Go back to your mental institution, take some relaxing pills.

Thanks for the open source effort.

Linus' Law: Given enough eyeballs, all bugsdeceptions are shallow.

bc there is a link to this thread in the byteball section...........

You are so mathematically challenged that you don't even realize that you still haven't answered my question unambiguously.

Getting angry at me because you can't understand the math ambiguity is kind of silly, rash, and immature don't you think.

Did somebody find a bubu in your precious little Byteball and that makes you cry. Huhu.

Is peer review not valued in our community? Have you ever heard of open source? It is a rather important concept.  

Everything is crystal clear from the OP of byteball thread and was repeated numerous times throughout the thread. Out of 1000Gb issued, 980Gb will be given away at varying rate. Up to now tonych followed his announcements very strictly. Stop talking bullshit, you make yourself looking foolish when you do this.

I corrected already the 1% + 1% aspect. Afaics, the 1% + 1% aspect was not mentioned on the front page of website where I originally got the information. So at most that would be ~7% for Tony + ~10% for Iconomi, so 17% for two entities.

But as I wrote in bolded text, it is not clear by Tony's statement whether he intends the 1% + 1% to mean from planned issuance or from actual issuance. So perhaps someone can clarify that officially.

If he means from actual issuance, then indeed his share would only be 1%.

Read the statement verbatim. It says, "98% of all bytes and blackbytes (the private untraceable currency) will be distributed among bitcoin holders". That seems to imply that the 2% is of the planned maximum issuance of 1,000,000 GB. But it doesn't seem to say what happens when not all the planned issuance is actually ever issued.

Also the following statement seems to confirm that it is 1% of the planned issuance (for the math retards please note that 100m x 100KB = 10,000 GB which is 1% of 1,000,000 GB):


It was written in a somewhat ambiguous way, but leans towards my literal interpretation. Perhaps it is Tony's use of English, or perhaps it is intentional deception. Any way, could someone please clarify officially?


Okay dufus, so why didn't you even think of the fact what he wrote is ambiguous and misleading?

Dude, you have some special math, which nobody use but you.

OMG, what a bullshit! This dude does not have a clue about what he says.

Where does the other "1%" go?

That is "1%" + "1%" of 100% planned supply. But only 13.7% of the supply has been issued. And the incentives for the remaining rounds are not favorable. Apparently very little additional supply will be issued. Thus each of that "1%" is actually 7%.

Can't you do elementary school math. Do you blindly believe everything you read without thinking. What is not clear is whether the 1% referred to is only of issued supply or of maximum planned supply..

Edit: I see the other 1% goes to user wallet installs. So Tony is going to end up with about 6 - 7% apparently. Or maybe it is a deception?

what are you talking about?
Tony keeps 1% for him and this 1% doesn't take part in 10% for bytes distributions. Just read announcement.

Given the float is in a few whales hands, and given the hype around it, it is prolly going higher.

It is currently more difficult to trade for and very illiquid. Only $12,000 volume today (which is pathetic given the size of the mcap). Once it gets on Poloneix then it should skyrocket.

If the question is which is the next big PUMP, then perhaps Byteball is a reasonable chance of being it.

But for me, the next big THING, means something which could really change the world and grow into something formidable. Then I don't think it is Byteball.

I won't throw any money at it because what i currently hold has bigger profit potential, and yes i took into consideration the fact that it has only 10mil cap.  Therefore i don't care about it.

Just took a closer look at Byteball's distribution scheme (because someone posted and ask me to) and realized the developer did a sneaky form of premine (he wasn't totally honest and transparent):


I have nothing against the developer taking a premine for himself, but deceiving the community and obscuring the level of the premine is not what I expected from Tony. I thought he had a high level of ethics. He is acting like he is being altruistic by distributing it for free to existing BTC holders, but in reality he devised a scheme to obscure the computation of his actual premine level as percentage of the actually issued supply.

Note Iconomi apparently got another roughly 15% 10%, so nearly 25% owned by just two entities.

Me. Soon

I guess, it may be because it is outstanding among million of other cryptos in some ways. It works, it has a friendly UI, zero entry level if you have some bitcoins, some cool features out of the box and hard working dev team who work on implementing new cool features. That's it.

Well, look back at what happened before early 2016. People were excited about every small news like their favorite project being mentioned on crypto sites or gui wallet releasing rumors. These were the kind of news that brought pumps with them.
Eventually eth gained more attention with really important news and it's value exploded upwards. Because of that, other crypto rivals were forced to up their game and bring more innovation, or atleast attempt, because suddenly wallet news weren't worthy of pump&dump anymore. That's why we have today several projects that aim to do more than being a payment system, and even though their development is not particulary succesful it's still a step forward. ( like byteball, decent ideeas, low potential )

And i think i know why some important ethereum projects are getting ignored; because people are used to this kind of news.
Imagine if byteball had this kind of news:
1. massive scaling soon to be deployed
2. https://www.americanbanker.com/news/web-pioneer-plans-blockchain-based-digital-ad-platform
3. http://www.coindesk.com/un-group-advances-ethereum-aid-tracking-pilot/

Because Byteball gave away free tokens to those who registered their BTC with Tony (the developer of Byteball) before the deadline. So those hodlers now want to dump their free tokens on you at hopefully FOMO driven higher prices. Iconomi apparently ended up with a significant portion of the free tokens (will they promote Byteball?).

Because it has a small mcap and has a snazzy new DAG and JSON smart contracts. Geekcool technobabble ("DAG" + "JSON" + "smart contract") combined with FOMO fever. It is all about the fact that small market caps can get pumped like PIVX did recently.

Just ignore that the actual technology has some serious flaws, because that doesn't matter any more. All that matters is rolling the dice. And Byteball has a novel DAG design so that is enough to make speculators excited about the potential regardless of flaws that prolly prevent it from ever really scaling.

My hypothesis is the Ethereum projects are getting ignored because there are too many of them and speculators can't decide which ones to invest in. Also they are ICOs and perhaps the community is getting tired of ICOs? Actually a couple of those Ethereum projects seem interesting such as MyBit. But again, ICOs.