Bitcoin Forum

The byteball distribution thing has as far as I know, been finished recently, I think yesterday was the last day.

Now what we have is a bunch of people with basically free byteballs ready to dump... the price indeed tanked a bit, but it has gone up a bit in the last hours.

My question is: Does this coin have strong enough technological value to keep growing, or are we about to withness an instadump of all those free byteballs that have been distributed? particularly as soon as byteball hits the big P? (poloniex, god of dumps...)

So, good time to get in, or wait for a big ass dump?

See the development and current price I think Byteball will still growth, you can see at byteball transition how much BTC address has linked to get byteball and I think just a couple people who get the free distribution will dump their byteball. Byteball didn't get listed in major exchange see what the next if byteball get listed.

they stopped their signature campaign today, so i guess the hype has stopped and will slow down in the near future.
and as you said, i am waiting for the dump to happen, there are going to be lots of people with lots of bytes to dump and that will always cause a big drop in price (one of those sharp declines in charts). i will keep an eye out for post dump actions if i were you.

It will surely dump specially to those who earn byte on a free way they will surely secure their profits and avoiding the price dump because it will surely happen.Regardless on the dump i cant still decide if this would be the best time to buy or just consider it as an another shitcoin dying again.

Good the team decided to spread the free tokens, but my concern for this project is how the team will get money to fund the development of the platform, if there is no meaningful update coming out from the team I can see the price tank in future another thing is the use case of this tokens

No, it has not. A very small amount was distributed up to now and there are many more rounds ahead.


You have to be really stupid to dump it now, but since the world is full of dumb retards, some of them will dump for sure.

I just see the blackbyte and some free byte share has distributed by the dev, but can you write more about it?

And I don't know how the distribution of the free byteball shares it works. Can you tell me how it works?

I was feeling some of the big companies have got a lot of the free byteshares.

Just read the announcement https://bitcointalk.org/index.php?topic=1608859.msg16156239#msg16156239

bytball coin until now nothing exchanger acepted trade
so you can't buy byteball coin, if buy in another person is not good, because byteball coin not ico selling, you can get free only linked bitcoin addres
is good buy byteball coin if ready listing to exchanger
about hype , i think is not, because byteball coin can get free

Everything does not depend upon the signature campaign,campaigns are done to get the exposure and they wanted to exposure they wanted and so is the reason they have stopped that.If the project is a good one then sure i will ride high .I am not sure whether it is a good time to buy,just wait out and see.

How is it dumb to get free profits? Unfortunately I forecast nothing but dumps evertime that a distribution round happens, or otherwise a long downtrend until the total distribution ends.

When will all coins be in circulation?

If you dump byteballs now, you miss your profit from future distributions rounds. This is dumb.

Thanks for your link but it seems like the announcement is really complicating for me, I have a question for you. Did iconomi acquire blackbytes caused by their shares? I need your opinion, sir.

Iconomi gathered huge pile of BTC on their ICO. So they claimed byteballs with those BTC.

HODLING MY BALLS

No, the price is still expensive because the hype is still not over. You know when byteball was released, the market cap of byteball was 2 million, after signature hypes, the market cap went up to 10 million usd. It is unfair to let buyers to get the coins dumped for free.

Yeah, i know because the team already published about the total amount of the byteball shares. But I mean about the blackbytes, because some of the byteball holders are getting the blackbytes share and i just try to gather more information or clarification about that.

You seem confident as hell...
I don't see how that crypto could rise... It has nothing for itself. It's just another usual altcoin.
And betting your winnings on the activity of a development team you don't know is the real dumb thing here ;)

I would really holding the bag for byteball just waiting for them to get in on the trading site poloniex and bittrex at least it's safer for me to trade :)

I think those dumping the coins are those that see the coin as a free coins to just make free money and dump on the market. People need to see the value in this project, the technology is good and I can see it succeeding going forward

I'm observing Byteball and have read the whitepaper. I'm not sure if the DAG has any advantage over a traditional blockchain besides faster transaction propagation, so that could be a plus.

But on the other hand, the coin is actually very centralized (it can be regarded as a "proof of concept" at most) and not totally trustless, even when the witnesses are to be freely elected it will be more a kind of "web of trust" like Ripple. I regard it as more centralized - and thus more vulnerable to social engineering attacks - than DPOS coins like Bitshares.

Did you read the whitepaper?

Note that just because you regard something as centralized does not make it centralized. Being anonymous and being decentralized are two different things, the fact that witnesses in the Byteball network are known entities is an advantage, not a disadvantage. It would be very difficult (read effectively impossible due to the negative return on investment) for someone to acquire enough witnesses using fake identities to create a "shadow chain" that the main chain would not deem invalid.

The system is a democratic one and will require some vigilance on the part of its users to maintain honest witnesses, however if you have people using Byteball for storing or transferring any substantial value then they will ultimately be very interested in the health of the network.

Scaling is the biggest issue for crypto currencies and if any store of value wants to really take a global stage it has to be able to deal with the demands of that. As soon as transactions start slowing down you hamper productivity - people will move to a faster chain. Maybe Bitcoin will retain its value because it was #firstcoin and but it cannot handle the demands of hundreds of thousands of transactions per second, which is what you will need if you have a platform that deals with trading digital assets. This is why, IMO, I don't think Ethereum has a future.

my $0.02

So you would not have confidence in Vitalik's proposals to solve scalabilty with 'sharding' etc? I also think it's a potential pitfall but am not entirely pessimistic about the chance to solve it.

Perhaps there can even be 'mergers' of tech in the future to solve issues and some may be quite complimentary? IOTA has talked of being able to compliment Ethereum (though not neccessarily with the scaling issue).

I get an uneasy feeling when linking all my bitcoin addresses together and sending that info to byteball. Am i just being too paranoid? At least you don't also need to give your facebook ID like Stellar requires.

When is the next round ? is it worth participating ?

Im not familiar with byteball, but why do you have to send ALL your bitcoin addresses to byteball? And do you talk about Stellar Lumens? When yes, where do they ask for your facebook ID?

Each month there is a giveaway to people who own bitcoin, the more bitcoin you have the more byteball you get. Stellar are doing a similar thing but you also have to provide your facebook ID too.

Oh, thats sound great (not the facebook ID thing at stellar). The giveaway are byteballs? Do you have to hold byteball as well?

I cringe while reading! GBYTE is being traded at bittrex and changelly if that is what you're going for. You can trade directly at the app through the bot.

Here's a step by step guide to setting up a wallet and buying Byteball: https://buybyteball.info/

The hype may be over for now but they are building a solid cashback program through merchants and I think by the time the next airdrop happens in March 2018 there will be good value. You need not buy today but prior to March would be a good idea I would think.