When does the Byteball distribution end?

CoinCollector006

sr. member

Activity: 350

Merit: 251

Quote from: chutchmcgillicutty on August 15, 2017, 07:30:06 PM

Are there any true Byteball believers out here or everyone just along for the free crypto to eventually flip? Cool

Yes, I received GBB in the last two airdrops, did not sell any shares and am planning to purchase more when I feel the bottom has been reached.

1. Broad distribution - over 98% have been distributed for free and many of the new owners are whales, many of these are whales who have large unrealized profits in BTC that may be invested elsewhere

2. Unique technology - useful for more than just a currency, functionality includes conditional payments, flight delays bot, asset manager bot (custom token creation), etc

3. Free call option - we still don't know what black bytes are oirth, but this sweetens the deal for long term GBB hodlers, we could be pleasantly surprised

coinzoid

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Activity: 476

Merit: 250

Maybe price will drop further when distribution will end. Imagine many holders will keep byteball to receive more coins at airdrop schedules, when that period ends most of those that do not believe project will immediately dump for profit.

goldenchip

member

Activity: 74

Merit: 10

Quote from: Herbert2020 on August 17, 2017, 01:15:21 AM

[...]
2) 10^15 bytes (1 gigabyte is 1 billion bytes) = 10 Mil GBYTE (for comparison's sake bitcoin has 21 mil BTC max)

No, man. There will be only 1 million GBYTE.
You're probably right about the rest.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: cellard on August 14, 2017, 10:36:26 AM

Byteball got some interesting technology, but the distribution is clearly a problem for investors, the inflation pressure is too big, the supply gets getting expanded lowering the price. My 2 questions are:

1) When is the last distributon stage going to happen?
2) What is the final byteball supply?

the final supply of Byteball has always been fixed, it has never changed and supply is not "expanding". you are confusing the sell pressure because some people got free coins with having a big supply.

1) since the distribution is based on how many people holding how much bitcoin and byteball claim the distribution, it is impossible to tell for sure when it is going to end. but based on how things are going and how interest has grown, probably 2-3 round until the end.
2) 10^15 bytes (1 gigabyte is 1 billion bytes) = 1 Mil GBYTE (for comparison's sake bitcoin has 21 mil BTC max)

tiger2monkey

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Activity: 208

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Quote from: TimeHacker on August 15, 2017, 03:08:05 PM

The distribution scheme has changed. People will now get 10-times less Byteball for holding Bitcoins and 2-time less Byteball for holding Byteballs. The inflation will thus be much smaller now compared to the previous months.

It changed to reward more to existing byteball holder and slow down the distribution/inflation, which may lead to price increase.

infinity_times_nil

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Activity: 98

Merit: 10

Quote from: chutchmcgillicutty on August 15, 2017, 07:30:06 PM

Are there any true Byteball believers out here or everyone just along for the free crypto to eventually flip? Cool

I'm not sure what would qualify one as a true believer, but I think it's one of the most interesting technologies out there (that I know of...). Paired with the nice wallet, an active team and even a clear goal to get this coin used it certainly has potential.

nappoleon

full member

Activity: 322

Merit: 100

Quote from: cellard on August 15, 2017, 07:01:24 PM

Quote from: TimeHacker on August 15, 2017, 03:08:05 PM

The distribution scheme has changed. People will now get 10-times less Byteball for holding Bitcoins and 2-time less Byteball for holding Byteballs. The inflation will thus be much smaller now compared to the previous months.

I have been hearing this and I don't understand what they mean by "holding bitcoins". How can you hold bitcoins on the byteball wallet and get paid by doing so?

If I use the signing address method how much will I get?

My wallet says I have the GB that I was waiting to get transacted in the last period, so im holding byteballs on the wallet. Im now signing the remaining addresses, im going to sign all of my BTC addresses, it will take a while but I will get a decent amount of byteball next period (last period I was learning)

I just don't understand what "holding bitcoins" means..?

means, bitcoins held on the linked addresses at the time of snapshot.

riskthebiscuit

sr. member

Activity: 518

Merit: 252

I am not 100% sure exactly when it will be but previously it was estimated 2-3 more drops at that current airdrop rules. Since they have changed others are speculating 4-5 airdrops more now. Which is good if your a holder of GBYTE and in general believe in the project. IMO prevents weak hands from dumping quick

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: cellard on August 15, 2017, 07:01:24 PM

Quote from: TimeHacker on August 15, 2017, 03:08:05 PM

The distribution scheme has changed. People will now get 10-times less Byteball for holding Bitcoins and 2-time less Byteball for holding Byteballs. The inflation will thus be much smaller now compared to the previous months.

I have been hearing this and I don't understand what they mean by "holding bitcoins". How can you hold bitcoins on the byteball wallet and get paid by doing so?

If I use the signing address method how much will I get?

My wallet says I have the GB that I was waiting to get transacted in the last period, so im holding byteballs on the wallet. Im now signing the remaining addresses, im going to sign all of my BTC addresses, it will take a while but I will get a decent amount of byteball next period (last period I was learning)

I just don't understand what "holding bitcoins" means..?

They are airdroping you coins based on your bitcoins held by you in your btc address (and byteball held)
They do this around the full moon each month. Take a snapshot of your holdings. You prove you own with a private msg key from bitcoin-qt wallet or such. Or sending them tiny fee from btc addresses you own.

chutchmcgillicutty

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Merit: 251

Are there any true Byteball believers out here or everyone just along for the free crypto to eventually flip? Cool

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: TimeHacker on August 15, 2017, 03:08:05 PM

The distribution scheme has changed. People will now get 10-times less Byteball for holding Bitcoins and 2-time less Byteball for holding Byteballs. The inflation will thus be much smaller now compared to the previous months.

I have been hearing this and I don't understand what they mean by "holding bitcoins". How can you hold bitcoins on the byteball wallet and get paid by doing so?

If I use the signing address method how much will I get?

My wallet says I have the GB that I was waiting to get transacted in the last period, so im holding byteballs on the wallet. Im now signing the remaining addresses, im going to sign all of my BTC addresses, it will take a while but I will get a decent amount of byteball next period (last period I was learning)

I just don't understand what "holding bitcoins" means..?

TimeHacker

sr. member

Activity: 521

Merit: 256

The distribution scheme has changed. People will now get 10-times less Byteball for holding Bitcoins and 2-time less Byteball for holding Byteballs. The inflation will thus be much smaller now compared to the previous months.

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: tyz on August 14, 2017, 01:59:01 PM

The distribution ends when all coins are distributed. Almost 53% of all coins have been distributed yet. It is also hard to predict because the distribution rules changes from time to time. However a rough prediction says that there will be six or seven more distribution rounds until the 1 million GBYTE have been distributed.

So it's at least 1 entire year of inflation for byteball? that doesn't sound good for the price. Is the release of the coins similar to bitcoin? It would be cool if we could have something like this for byteball:

shouldn't the coin distribution be predictable? I think its better than constantly changing it.

tyz

legendary

Activity: 3360

Merit: 1533

The distribution ends when all coins are distributed. Almost 53% of all coins have been distributed yet. It is also hard to predict because the distribution rules changes from time to time. However a rough prediction says that there will be six or seven more distribution rounds until the 1 million GBYTE have been distributed.

cellard

legendary

Activity: 1372

Merit: 1252

Byteball got some interesting technology, but the distribution is clearly a problem for investors, the inflation pressure is too big, the supply gets getting expanded lowering the price. My 2 questions are:

1) When is the last distributon stage going to happen?
2) What is the final byteball supply?

Topic: When does the Byteball distribution end? (Read 796 times)