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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: gwestcot on September 22, 2017, 08:15:45 PM



Title: BTX Distribution-Oct 30th
Post by: gwestcot on September 22, 2017, 08:15:45 PM
Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

*edit* The link below is to the announcement page and it will explain what BTX is if you don't already know.

https://bitcointalk.org/index.php?topic=1883902.0

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

*edit* Here is the devs projections upon request.

https://imgur.com/a/7TWPg


2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal. The second link shows the benefits of not dumping your coins after the drop since the 3% weekly airdrops would continue for 4 months or so under this plan. This should be a check on the potential dump that could occur. Smart investors will definitely hold their coins for the long term.

https://imgur.com/a/GJq27
https://imgur.com/DBRyH9O

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.

*edit* This one is too long for me to want to project out. It isn't that hard since it is in an excel spreadsheet with formulas but I still have to manually punch in the dates.




Title: Re: BTX Distribution-Oct 30th
Post by: cryptolerant on September 22, 2017, 08:18:30 PM
I would prefer hybrid distribution plan as you also suggested. Distribution numbers are pretty clear in that picture.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 22, 2017, 08:22:23 PM
I would prefer hybrid distribution plan as you also suggested. Distribution numbers are pretty clear in that picture.

Make sure to vote above for it. I am wanting to gauge what the community truly wants.


Title: Re: BTX Distribution-Oct 30th
Post by: pwpwpw on September 22, 2017, 09:36:28 PM
So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?


Title: Re: BTX Distribution-Oct 30th
Post by: X-ray on September 22, 2017, 10:45:10 PM
Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal.

https://imgur.com/a/GJq27

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.




Do i need to buy the btx in the market and stake my shares to get an airdrop? I just know that if btx just like byteball airdrop which just linked your bitcoin and you are able to receive free btx.


Title: Re: BTX Distribution-Oct 30th
Post by: crypt0kid on September 22, 2017, 11:21:14 PM
Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal.

https://imgur.com/a/GJq27

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.





Your proposal isn't much different from that of the devs. Therefore, I'd chose #1. My proposal was an incremental increase in the percentage of the airdrops. No offense, but I don't really see the benefit of your proposal if it is nearly identical to that of the devs.


Title: Re: BTX Distribution-Oct 30th
Post by: Kryptowerk on September 22, 2017, 11:40:27 PM
So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 23, 2017, 01:16:53 AM
So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

The difference between the two is that the devs only want to give us a +25% drop on October 30th. This would mean if you hold 100 coins you would have 125 coins. My plan would give 25% of all unclaimed coins to the BTX holders which would be substantially larger. Additionally my plan has the 3% air drop continuing until about February so that new investors and old investors alike have the incentive to hold while the coin is being developed. This is to prevent people from dumping their newfound wealth and tanking the price of the coin. Both plans still have the devs receiving 10% of unclaimed coins and the drop to BTC holders at a rate of .4 BTX to 1 BTC.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 23, 2017, 01:19:05 AM
So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk

Well the beauty of it is my 3% airdrop continuation until February would absolutely deter anyone from moving their money until February. If the devs put in some serious work and meet benchmarks then the dumping will be at a minimum and we should have buy support from larger exchanges. Additionally, all coins other than the dev fund will be distributed so we will look more legitimate to others. In addition to that I disproved in the announcement thread that the major holders would have a disproportionate share of the coins. Even the 4th largest address would have less than 1% of the coins.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 23, 2017, 01:21:22 AM
Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal.

https://imgur.com/a/GJq27

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.





Your proposal isn't much different from that of the devs. Therefore, I'd chose #1. My proposal was an incremental increase in the percentage of the airdrops. No offense, but I don't really see the benefit of your proposal if it is nearly identical to that of the devs.

It isn't identical... The distribution is significantly larger for those that are current BTX holders and the airdrops would continue as usual. I threw the devs intentions into my plan only as a compromise so that coins are distributed to BTC holders as well. My plan has the coin being far more distributed out than the devs plan but it has incentives continuing so that it prevents a dump.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 23, 2017, 01:21:54 AM
I voted for #2 it seems reasonable. It would be nice with a similar spreadsheet for #1 though, I don't think the devs provided that?

--ypsi

I will make a spreadsheet and post it in the forum so that the two can be compared.


Title: Re: BTX Distribution-Oct 30th
Post by: riskthebiscuit on September 23, 2017, 05:28:17 AM
Honestly I have not been in this position before so it is really hard to say with any accuracy what will work. I wish I had more experience to draw from but I dont. To nobodys

surprise I choose the hybrid plan therefore. It isnt because we get the most but the argument laid out by gwestcot seem pretty sound. If somebody can debunk them in a major

way I am all ears. I understand there is a big scare that people will dump after such a big drop, but does that 3% moving forward on a huge balance not incentivize to hold? I

certainly will hold if I know I am getting 3% on a big balance. Regardless I am for whatever options nets us most ROI in long term. I could care less if I get more coins now or

less, whatever is best!


Title: Re: BTX Distribution-Oct 30th
Post by: Limx Dev on September 23, 2017, 09:09:17 AM
Thank you for the poll.

Kind Regards Christian


Title: Re: BTX Distribution-Oct 30th
Post by: e6ug on September 23, 2017, 09:26:11 AM
So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk

Well the beauty of it is my 3% airdrop continuation until February would absolutely deter anyone from moving their money until February. If the devs put in some serious work and meet benchmarks then the dumping will be at a minimum and we should have buy support from larger exchanges. Additionally, all coins other than the dev fund will be distributed so we will look more legitimate to others. In addition to that I disproved in the announcement thread that the major holders would have a disproportionate share of the coins. Even the 4th largest address would have less than 1% of the coins.

You really think the 3% drops will stop a dump after such a big drop you are crazy. First large holder to get their coins on the market will dump the price.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 23, 2017, 12:58:48 PM
So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk

Well the beauty of it is my 3% airdrop continuation until February would absolutely deter anyone from moving their money until February. If the devs put in some serious work and meet benchmarks then the dumping will be at a minimum and we should have buy support from larger exchanges. Additionally, all coins other than the dev fund will be distributed so we will look more legitimate to others. In addition to that I disproved in the announcement thread that the major holders would have a disproportionate share of the coins. Even the 4th largest address would have less than 1% of the coins.

You really think the 3% drops will stop a dump after such a big drop you are crazy. First large holder to get their coins on the market will dump the price.

Of course it will because do you know how much more you will get if you get the compounding 3% weekly airdrop after a large distribution? I will make an excel spreadsheet for that as well if you would like but it is actually massive. So basically anyone with half a brain would keep their coins in their wallet until atleast February.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 23, 2017, 01:01:09 PM
Thank you for the poll.

Kind Regards Christian

No problem! I love the coins features but I just felt in my heart that the distribution method wasn't for the best. Each of the 3 plans has their own pros and cons but I thought that my plan mitigated the cons while maintaining most of the pros that everyone loved about the coin. It also still distributes the coins to BTC holders as an invitation like you wanted to as well so I thought it was a decent compromise.   


Title: Re: BTX Distribution-Oct 30th
Post by: agrs on September 23, 2017, 02:56:52 PM
I like the Hybrid Plan... but maybe not 25% of 15Mln?!
25% of 15,517,032 = 3,879,258 / 6122 = 633.658608298
That is a lot of coins. We can think that some people may dump half of it 316.82930414 and will still get 9.48 in the Weekly 3%. That sound a good deal for someone expecting to dump.
15% of 15,517,032 = 2,327,554.8 / 6122 = 380.19516497 If 50% Dump = 190.09758248 Then Weekly %3 = 5.70292747
Maybe the dump not happen, maybe it will. Better safe then sorry.
Hey, people, what 25%??? Its a 4 million. Now is 1 million. What will happen to the price? This is the abyss! I vote for the Devs option.


Title: Re: BTX Distribution-Oct 30th
Post by: pwpwpw on September 23, 2017, 03:04:05 PM
If you put something up for vote, have at least proper choices, the 2 choices that are in the voting thread are not enough, there obviously has to be the choice of slow and steady weekly 3% airdrops till the end, which I believe is much better than airdropping millions of at once which could 1/10 the price in a day, then you see the FUDers, the trolls, the panic and the coin is fucked. You want more options, otherwise the vote is meaningless. Here's an idea, keep the 3% weekly but on top of that, make an additional giveaway using a site like this to track the effort/work https://gleam.io/examples (https://gleam.io/examples)(or others, I don't care which), lets say something like, do 1 tweet daily for a week to get ...1% (whatever number, can be voted too) extra coins (on top of the 3%) up to...500 coins (100 at least, max 1000 imo), so basically you would pay someone 5 coins / week for 7 tweets about bitcore (fixed text or their own, whatever). These numbers are just examples as is twitter, you could do the same with facebook, youtube, whatever platform but for people with a follower base, obviously to have meaning and to avoid fake spammers. Something like this is the way to spread the word meaningfully and credit those who do the work in a fair manner, why should random people for absolutely doing nothing get huge distributions ? When it's most likely they will dump as soon as possible and move on to the next coin that has a giveaway or such.

By doing this, you ensure that the coin's publicity steadily rises and it adds huge buying pressure because if you want to get the weekly 2-3-4% extra vs the others, then you have to first buy the coin (if you don't already have it). Now that I think of it, I would have a minimum amount of work for even the 3%, so, following and liking on all social media and do some little work for the weekly 3%. This is how you give the coins to the people that care about it and not those who just buy in and sit on it, wait a few months and dump it.

Think about the above guys.


Title: Re: BTX Distribution-Oct 30th
Post by: jmigdlc99 on September 23, 2017, 03:05:36 PM
What the hell is BTX? Its a new "Bitcoin Core" coin with 20MB segwit. For those interested here is a link: https://bitcointalk.org/index.php?topic=1883902.0

It would have been much better if a link is already posted on OP instead of just assuming everyone already knows what this is.
But anyway who is complaining, free coins for everyone. Thanks!


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 23, 2017, 03:49:06 PM
I like the Hybrid Plan... but maybe not 25% of 15Mln?!

25% of 15,517,032 = 3,879,258 / 6122 = 633.658608298

That is a lot of coins. We can think that some people may dump half of it 316.82930414 and will still get 9.48 in the Weekly 3%. That sound a good deal for someone expecting to dump.

15% of 15,517,032 = 2,327,554.8 / 6122 = 380.19516497 If 50% Dump = 190.09758248 Then Weekly %3 = 5.70292747


Maybe the dump not happen, maybe it will. Better safe then sorry.

Its a possibility that some may sell but to me it is worth it in the long run and the smartest people will keep their 3% weekly distributions after the drop. This is what it would look like if you had 1500 coins and held until February. To me being distributed to the public in the hybrid method would bring legitimacy to the project because it would appear to look less like a scam coin. Obviously it isn't a scam but having the devs still controlling a lion share of the coins for another year is kind of negative too.

https://imgur.com/DBRyH9O


Title: Re: BTX Distribution-Oct 30th
Post by: Vigens on September 24, 2017, 08:31:03 AM
I like the Hybrid Plan... but maybe not 25% of 15Mln?!

25% of 15,517,032 = 3,879,258 / 6122 = 633.658608298

That is a lot of coins. We can think that some people may dump half of it 316.82930414 and will still get 9.48 in the Weekly 3%. That sound a good deal for someone expecting to dump.

15% of 15,517,032 = 2,327,554.8 / 6122 = 380.19516497 If 50% Dump = 190.09758248 Then Weekly %3 = 5.70292747


Maybe the dump not happen, maybe it will. Better safe then sorry.

Its a possibility that some may sell but to me it is worth it in the long run and the smartest people will keep their 3% weekly distributions after the drop. This is what it would look like if you had 1500 coins and held until February. To me being distributed to the public in the hybrid method would bring legitimacy to the project because it would appear to look less like a scam coin. Obviously it isn't a scam but having the devs still controlling a lion share of the coins for another year is kind of negative too.

https://imgur.com/DBRyH9O

Also agree. It kinda looks like some MLM bulls¤it, if the Devs keep holding such a big share.


Title: Re: BTX Distribution-Oct 30th
Post by: Winner on September 24, 2017, 05:13:46 PM
I voted for #2 it seems reasonable. It would be nice with a similar spreadsheet for #1 though, I don't think the devs provided that?

--ypsi

I will make a spreadsheet and post it in the forum so that the two can be compared.
I'll just watch this thread to see if anything new shows up. The coin could do more marketing while the airdrop is going on so the price won't go lower.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 24, 2017, 08:04:21 PM
I voted for #2 it seems reasonable. It would be nice with a similar spreadsheet for #1 though, I don't think the devs provided that?

--ypsi

I will make a spreadsheet and post it in the forum so that the two can be compared.
I'll just watch this thread to see if anything new shows up. The coin could do more marketing while the airdrop is going on so the price won't go lower.


Ya I thought it was important that the devs got to see what the community wants in regards to the distribution.


Title: Re: BTX Distribution-Oct 30th
Post by: andrei1982 on September 24, 2017, 08:09:46 PM
No matter what air drop system you chose,the coin will go down if the devs don\t add value to this coin and real use. I\m a long term holder and i feel BTX is better and faster then BTC


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 24, 2017, 08:25:59 PM
No matter what air drop system you chose,the coin will go down if the devs don\t add value to this coin and real use. I\m a long term holder and i feel BTX is better and faster then BTC

Ya I agree... I am also trying to push us getting into coinpayments so that there is some real world applicability to BTX. We would only need to get into the top 200 in market cap and they have a 1 BTC fee. Merchants then can at least choose to accept BTX as payment for goods. Even if there wasn't much adoption at first this would be great news for the coin as a whole. I think coinpayments has 250,000+ merchants in their network. The devs seem focused on mobile wallet development and that is also necessary as well but to me it isn't necessarily the meat and potatoes. I guess there would be some work to do in regards to infrastructure but to me merchant acceptance is key.


Title: Re: BTX Distribution-Oct 30th
Post by: Mlnklkm05 on September 25, 2017, 09:12:50 AM
1- dev options seems nicer and ll take longer to distribute coins and loyalty ll stay with us
2- hybrid plans ll give you more coins than you expect and by february all ll be distributed but might be dumped in price
3-3% airdrop until finish doesnt sound Good to me, nice yes but it can take few years to have a great profit

actualy plan all plans are Good if u ll stay 1-3 years, i ll not sell any of it


Title: Re: BTX Distribution-Oct 30th
Post by: Mlnklkm05 on September 25, 2017, 09:34:21 AM
by the way today is airdropday, feel better guys?


Title: Re: BTX Distribution-Oct 30th
Post by: Buchi-88 on September 25, 2017, 11:17:40 AM
Why now 1. but without the BTC snapshot?

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. The devs will retain 10% of all unclaimed. Whitout, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC.

?


Title: Re: BTX Distribution-Oct 30th
Post by: rikiki69 on September 25, 2017, 12:42:39 PM
Could be good. But dev must find a way to have power on less amount of money... Look like a scam coin elsewhere (which isn't a scam !!)


I'm a miner.

The only difference with the hybrid distribution is that BTX holder will get 25% of unclaimed coins instead of 25% of "interest". So the hybrid distribution will spread a huge amount of coins, more profits for people which would like to sell it. I'm afraid that this coin became unprofitable because mining reward (in btx) won't change, too much inflation (+300% in 1 day), and that miners go elsewhere... and that bitcore dies ! There must be around 6000 gpu mining bitcore, it is not a lot compared with ethereum or others good coins. Probably no big farm, so if the coin becom really undervalued, miners will move quickly.


Dev's distribution plan :
less profit for holders, but assured profit for miners -> there is miners

Hybrid distribution plan : more profit for sellers, not sure more for holders (even with 300% airdrop), surely no more profit for miners -> There will be no more miners or a very few ! Huge loss of the bitcore value,
 miners makes the coin alive and valued !





So i prefer Dev's distribution plan for the future of the coin, even if i must get more money with the hybrid distribution (I'm a holder too !)


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 25, 2017, 05:49:30 PM
Could be good. But dev must find a way to have power on less amount of money... Look like a scam coin elsewhere (which isn't a scam !!)


I'm a miner.

The only difference with the hybrid distribution is that BTX holder will get 25% of unclaimed coins instead of 25% of "interest". So the hybrid distribution will spread a huge amount of coins, more profits for people which would like to sell it. I'm afraid that this coin became unprofitable because mining reward (in btx) won't change, too much inflation (+300% in 1 day), and that miners go elsewhere... and that bitcore dies ! There must be around 6000 gpu mining bitcore, it is not a lot compared with ethereum or others good coins. Probably no big farm, so if the coin becom really undervalued, miners will move quickly.


Dev's distribution plan :
less profit for holders, but assured profit for miners -> there is miners

Hybrid distribution plan : more profit for sellers, not sure more for holders (even with 300% airdrop), surely no more profit for miners -> There will be no more miners or a very few ! Huge loss of the bitcore value,
 miners makes the coin alive and valued !





So i prefer Dev's distribution plan for the future of the coin, even if i must get more money with the hybrid distribution (I'm a holder too !)

My main thing is restricting supply is essentially market manipulation. Let the market determine the value of the coin and once the coins are fully distributed the project will look more attractive to potential investors. There will be a market equilibrium met as there is in any free market system and then the coin will move in the positive direction as it is developed, adopted by more people, and integrated into more processes. Just to tell you I am a top 100 holder and probably a top 30 miner in regards to hashrate so I am definitely thinking about the health of the project moving forward.


Title: Re: BTX Distribution-Oct 30th
Post by: rikiki69 on September 25, 2017, 07:21:49 PM
I am totally agree with you. The only thing that i am scared is that we have to arrive at this point, where all coins have been distributed and that the market is healthy. And if there is a huge deflation, a lot of miners will stop mining btx to go elsewhere, and the coin may not be enough trusted to see its value come back. +300% of inflation is huge... Whether it attracts more investissors and the deflation of one btx is limited, or it scared people and allows too them to take good profit and the coin get devaluated by 75%. Thus miner will only get 25% of their actual revenue (if the value of the coin still the same), and should not cover their cost event with a good mining software.

That is what i am afraid, that we don't succeed to get over the deflation. I'm still believing that people are greedy and prefer small immediate profit than bigger hypothetical profit. And that the network died, or get a huge slow down.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 25, 2017, 08:05:35 PM
I am totally agree with you. The only thing that i am scared is that we have to arrive at this point, where all coins have been distributed and that the market is healthy. And if there is a huge deflation, a lot of miners will stop mining btx to go elsewhere, and the coin may not be enough trusted to see its value come back. +300% of inflation is huge... Whether it attracts more investissors and the deflation of one btx is limited, or it scared people and allows too them to take good profit and the coin get devaluated by 75%. Thus miner will only get 25% of their actual revenue (if the value of the coin still the same), and should not cover their cost event with a good mining software.

That is what i am afraid, that we don't succeed to get over the deflation. I'm still believing that people are greedy and prefer small immediate profit than bigger hypothetical profit. And that the network died, or get a huge slow down.

Either way the thing that will really add value is good development and the distribution method is really a small factor going forward for the long term. If there are less miners in the short term then that is fine but as the price organically goes up then there will be more. Really I see the pros outweighing the cons here but that is a very good point that you have raised. Thank you for your contribution to the discussion!


Title: Re: BTX Distribution-Oct 30th
Post by: poer on September 25, 2017, 08:11:17 PM
vote

https://i.imgur.com/Qa0J8wL.jpg


Title: Re: BTX Distribution-Oct 30th
Post by: crypt0kid on September 25, 2017, 09:28:08 PM
Thank you for the poll.

Kind Regards Christian

I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.

You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.

The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.

If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.


Title: Re: BTX Distribution-Oct 30th
Post by: pwpwpw on September 25, 2017, 10:21:44 PM
You need gradual work based increase as I said earlier, some minimal work, facebook/youtube/twitter likes/shares, nothing that can't be done in a minute but still it would increase adoption and earn more % at the same time. So 3% for those who do nothing just hold, and +1% for each social media like/share so about 6% distribution in total / week for those who do the "work" (1-2minute clicking)


Title: Re: BTX Distribution-Oct 30th
Post by: riskthebiscuit on September 26, 2017, 12:26:06 AM
I REALLY like this idea of a gradual increase. I dont know which % will be best but another poster said so in BTX main chat. Something like 3%, then 6%, then 9%, then 12%. BUT

you only get the increased % if you dont touch or sell any of your stack (maybe not any but a certain %). This would definitely improve the HODLING situation and as a result

reward the HODLERS and decentivize the dumpers. Lets work out a plan like this. It is the best of both worlds. Small implementation of Dev plan, and also the "hybrid plan".

Devs can you work out a plan that goes something like this? I agree a major drop now is not in BTX best interest. It is just too much for one day



Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 26, 2017, 03:16:19 AM
Thank you for the poll.

Kind Regards Christian

I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.

You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.

The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.

If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.

Ya I mean that would be fine too but really my hybrid was just to compromise with what the devs wanted. I would also be more than ok with your plan as well or some variation of it. To be honest I crunched the numbers on the devs plan and it works out for me personally as well so I make out like a bandit no matter which choice we go with... I really just think that a quicker distribution if done correctly adds legitimacy to the project and it will look more attractive to new investors and old ones alike. The real value will be in development so once we figure this out then the coin can move forward in the positive direction. Distribution is always the problem with severely pre-mined coins... Honestly I would also be more than fine with just doing 10% weekly airdrop until all the coins are distributed but I really hated the plan that was chosen by the devs.

*edit* Maybe we can do their drop to BTC holders, their +25% one time airdrop, and 10% weekly airdrops going forward until all coins are distributed? That seems like an even better hybrid plan than even the original one. It is more gradual but still gets those coins distributed more quickly.


Title: Re: BTX Distribution-Oct 30th
Post by: andrei1982 on September 26, 2017, 07:02:44 AM
I think the best way to add value to this coin is to distribute the coins faster like 25-30% trimestrial and 10% each month for example so devs can focus to promote the coin (marketing campaigns) so more and more can use it and make it usable by more people.


Title: Re: BTX Distribution-Oct 30th
Post by: Nesch84 on September 26, 2017, 12:12:27 PM
nice idea with the vote about the next steps. i prefer the hybrid dist. it sound real nice and the project should be forward as soon as possible.


Title: Re: BTX Distribution-Oct 30th
Post by: crypt0kid on September 26, 2017, 06:41:35 PM
Thank you for the poll.

Kind Regards Christian

I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.

You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.

The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.

If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.

Ya I mean that would be fine too but really my hybrid was just to compromise with what the devs wanted. I would also be more than ok with your plan as well or some variation of it. To be honest I crunched the numbers on the devs plan and it works out for me personally as well so I make out like a bandit no matter which choice we go with... I really just think that a quicker distribution if done correctly adds legitimacy to the project and it will look more attractive to new investors and old ones alike. The real value will be in development so once we figure this out then the coin can move forward in the positive direction. Distribution is always the problem with severely pre-mined coins... Honestly I would also be more than fine with just doing 10% weekly airdrop until all the coins are distributed but I really hated the plan that was chosen by the devs.

*edit* Maybe we can do their drop to BTC holders, their +25% one time airdrop, and 10% weekly airdrops going forward until all coins are distributed? That seems like an even better hybrid plan than even the original one. It is more gradual but still gets those coins distributed more quickly.

I don't have a problem with the 25% one time drop, butif the percentage needs to be decreased in order to institute a solid weekly airdrop plan going forward, then I believe that it should be adjusted. I believe that the weekly airdrops should be increased incrementally. Just paying out 10% for weekly airdrops is way too much of a jump from 3%. If the percentage is increased over a period of time, you get greater buildup of anticipation and word will spread more rapidly. Friends will message each other, "Hey the airdrop is increasing from 5% to 7% next week get some BTX into a wallet before Monday" or "The airdrop is increasing from 7% to 9% next week, you better get some BTX into your wallet before then". The exact percentage isn't the most important factor, it's the excitement that your percentage is being increased. In my opinion 5% would be a great starting airdrop and then increase upward from there. I don't think that there's ever been a crypto that has done something like that. In my opinion, it will spread like wildfire.


Title: Re: BTX Distribution-Oct 30th
Post by: tylerik1 on September 26, 2017, 06:52:21 PM
Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

*edit* The link below is to the announcement page and it will explain what BTX is if you don't already know.

https://bitcointalk.org/index.php?topic=1883902.0

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

*edit* Here is the devs projections upon request.

https://imgur.com/a/7TWPg


2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal. The second link shows the benefits of not dumping your coins after the drop since the 3% weekly airdrops would continue for 4 months or so under this plan. This should be a check on the potential dump that could occur. Smart investors will definitely hold their coins for the long term.

https://imgur.com/a/GJq27
https://imgur.com/DBRyH9O

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.

*edit* This one is too long for me to want to project out. It isn't that hard since it is in an excel spreadsheet with formulas but I still have to manually punch in the dates.




Nice to see that youre going to discuss with the community about the future airdrops. I would prefer the third method (Continue 3% Weekly Airdrop)! I think its a nice feature for all the people that just want to hold it. If we just do one big distribution, the most are going to sell their coins instantly in my opinion.


Title: Re: BTX Distribution-Oct 30th
Post by: crypt0kid on September 26, 2017, 08:16:58 PM
Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

*edit* The link below is to the announcement page and it will explain what BTX is if you don't already know.

https://bitcointalk.org/index.php?topic=1883902.0

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

*edit* Here is the devs projections upon request.

https://imgur.com/a/7TWPg


2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal. The second link shows the benefits of not dumping your coins after the drop since the 3% weekly airdrops would continue for 4 months or so under this plan. This should be a check on the potential dump that could occur. Smart investors will definitely hold their coins for the long term.

https://imgur.com/a/GJq27
https://imgur.com/DBRyH9O

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.

*edit* This one is too long for me to want to project out. It isn't that hard since it is in an excel spreadsheet with formulas but I still have to manually punch in the dates.




Nice to see that youre going to discuss with the community about the future airdrops. I would prefer the third method (Continue 3% Weekly Airdrop)! I think its a nice feature for all the people that just want to hold it. If we just do one big distribution, the most are going to sell their coins instantly in my opinion.

I think the issue with continuing with the 3% airdrop with no big payout is the fact that it will take a very long time for all of the premined coins to be distributed. If you are to pursue the current plan with no major airdrop of 25%, then we should look into an incremental increase in the percentage of the airdrops. Not only will this speed up the distribution of the coins, but it will also create added excitement and anticipation. In either case, make sure to tick the box of your preferred option.


Title: Re: BTX Distribution-Oct 30th
Post by: andrei1982 on September 26, 2017, 09:19:47 PM
exactly like i said!


Title: Re: BTX Distribution-Oct 30th
Post by: tj4dmx on September 26, 2017, 09:43:50 PM
Vote for "2. Hybrid Distribution Plan"


Title: Re: BTX Distribution-Oct 30th
Post by: Kryptowerk on September 26, 2017, 10:14:27 PM

I like the Hybrid Plan... but maybe not 25% of 15Mln?!

25% of 15,517,032 = 3,879,258 / 6122 = 633.658608298

That is a lot of coins. We can think that some people may dump half of it 316.82930414 and will still get 9.48 in the Weekly 3%. That sound a good deal for someone expecting to dump.

15% of 15,517,032 = 2,327,554.8 / 6122 = 380.19516497 If 50% Dump = 190.09758248 Then Weekly %3 = 5.70292747


Maybe the dump not happen, maybe it will. Better safe then sorry.
I agree, better safe than sorry and go with a nice +25% (guys, that's still a ton of coins).
If I had the chance to jump into a crypto project were early investors got several 100% on their holdings I would feel a little bit scammed for sure. I wouldn't even be very excited about upcoming 3% or even higher airdrops.
Remember: people say Dash is a scam just because the early mining wasn't distributed in the fairest manner.

Its a possibility that some may sell but to me it is worth it in the long run and the smartest people will keep their 3% weekly distributions after the drop. This is what it would look like if you had 1500 coins and held until February. To me being distributed to the public in the hybrid method would bring legitimacy to the project because it would appear to look less like a scam coin. Obviously it isn't a scam but having the devs still controlling a lion share of the coins for another year is kind of negative too.

https://imgur.com/DBRyH9O
Doesn't matter if the smartest people keep their coins, because if a lot of people start dumping the smart thing would be to dump and rebuy at a lower price. But even if 50% of people just hodl (I doubt it) the price will drop significantly with the other 50% dumping some or most of their BTX. That wouldn't matter much as the price might recover soon - unless BTX gets recognized as a coin-with-suspicious-behaviour.
I know for sure I would be suspious. Remember when HShare (https://coinmarketcap.com/currencies/hshare/) popped into the top10 on cmc out of nothing - I found that very strange and since then look at it as a possible semi-scam-coin.
My guess is, anybody not knowing much about Bitcore and then suddenly seeing it in the top50 or higher for a few hours/days/minutes and the dumping hard again, will just be very uneasy what to make of it.
That's why I am for option 1.

Also, it leaves more room for a healthy, slower growth rate and gives all the people a chance to get into BTX that still have never heared about it.

Just as an example: Of all my friends maybe 20% know a little about crypto. And none of them ever heared of BTX before I told them about it. Still a long way to go. Patience is key for a sustainable project. Don't try to get it all at once and good things will come your way. Just my opinion.

What I am missing in this poll are some variations that were discussed in the main BTX thread. I would suggest to open an other poll after Oct. 30th if enough good ideas come up to include.



Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 26, 2017, 10:39:45 PM

I like the Hybrid Plan... but maybe not 25% of 15Mln?!

25% of 15,517,032 = 3,879,258 / 6122 = 633.658608298

That is a lot of coins. We can think that some people may dump half of it 316.82930414 and will still get 9.48 in the Weekly 3%. That sound a good deal for someone expecting to dump.

15% of 15,517,032 = 2,327,554.8 / 6122 = 380.19516497 If 50% Dump = 190.09758248 Then Weekly %3 = 5.70292747


Maybe the dump not happen, maybe it will. Better safe then sorry.
I agree, better safe than sorry and go with a nice +25% (guys, that's still a ton of coins).
If I had the chance to jump into a crypto project were early investors got several 100% on their holdings I would feel a little bit scammed for sure. I wouldn't even be very excited about upcoming 3% or even higher airdrops.
Remember: people say Dash is a scam just because the early mining wasn't distributed in the fairest manner.

Its a possibility that some may sell but to me it is worth it in the long run and the smartest people will keep their 3% weekly distributions after the drop. This is what it would look like if you had 1500 coins and held until February. To me being distributed to the public in the hybrid method would bring legitimacy to the project because it would appear to look less like a scam coin. Obviously it isn't a scam but having the devs still controlling a lion share of the coins for another year is kind of negative too.

https://imgur.com/DBRyH9O
Doesn't matter if the smartest people keep their coins, because if a lot of people start dumping the smart thing would be to dump and rebuy at a lower price. But even if 50% of people just hodl (I doubt it) the price will drop significantly with the other 50% dumping some or most of their BTX. That wouldn't matter much as the price might recover soon - unless BTX gets recognized as a coin-with-suspicious-behaviour.
I know for sure I would be suspious. Remember when HShare (https://coinmarketcap.com/currencies/hshare/) popped into the top10 on cmc out of nothing - I found that very strange and since then look at it as a possible semi-scam-coin.
My guess is, anybody not knowing much about Bitcore and then suddenly seeing it in the top50 or higher for a few hours/days/minutes and the dumping hard again, will just be very uneasy what to make of it.
That's why I am for option 1.

Also, it leaves more room for a healthy, slower growth rate and gives all the people a chance to get into BTX that still have never heared about it.

Just as an example: Of all my friends maybe 20% know a little about crypto. And none of them ever heared of BTX before I told them about it. Still a long way to go. Patience is key for a sustainable project. Don't try to get it all at once and good things will come your way. Just my opinion.

What I am missing in this poll are some variations that were discussed in the main BTX thread. I would suggest to open an other poll after Oct. 30th if enough good ideas come up to include.



Ya I think the best choice of all is the latest iteration of the hybrid plan which is basically the devs plan with 10% weekly airdrops following the 25% special airdrop. It is more gradual but still gets the coins distributed by late February.


Title: Re: BTX Distribution-Oct 30th
Post by: SlowGrowth on September 27, 2017, 11:01:44 AM

I like the Hybrid Plan... but maybe not 25% of 15Mln?!

25% of 15,517,032 = 3,879,258 / 6122 = 633.658608298

That is a lot of coins. We can think that some people may dump half of it 316.82930414 and will still get 9.48 in the Weekly 3%. That sound a good deal for someone expecting to dump.

15% of 15,517,032 = 2,327,554.8 / 6122 = 380.19516497 If 50% Dump = 190.09758248 Then Weekly %3 = 5.70292747


Maybe the dump not happen, maybe it will. Better safe then sorry.
I agree, better safe than sorry and go with a nice +25% (guys, that's still a ton of coins).
If I had the chance to jump into a crypto project were early investors got several 100% on their holdings I would feel a little bit scammed for sure. I wouldn't even be very excited about upcoming 3% or even higher airdrops.
Remember: people say Dash is a scam just because the early mining wasn't distributed in the fairest manner.

Its a possibility that some may sell but to me it is worth it in the long run and the smartest people will keep their 3% weekly distributions after the drop. This is what it would look like if you had 1500 coins and held until February. To me being distributed to the public in the hybrid method would bring legitimacy to the project because it would appear to look less like a scam coin. Obviously it isn't a scam but having the devs still controlling a lion share of the coins for another year is kind of negative too.

https://imgur.com/DBRyH9O
Doesn't matter if the smartest people keep their coins, because if a lot of people start dumping the smart thing would be to dump and rebuy at a lower price. But even if 50% of people just hodl (I doubt it) the price will drop significantly with the other 50% dumping some or most of their BTX. That wouldn't matter much as the price might recover soon - unless BTX gets recognized as a coin-with-suspicious-behaviour.
I know for sure I would be suspious. Remember when HShare (https://coinmarketcap.com/currencies/hshare/) popped into the top10 on cmc out of nothing - I found that very strange and since then look at it as a possible semi-scam-coin.
My guess is, anybody not knowing much about Bitcore and then suddenly seeing it in the top50 or higher for a few hours/days/minutes and the dumping hard again, will just be very uneasy what to make of it.
That's why I am for option 1.

Also, it leaves more room for a healthy, slower growth rate and gives all the people a chance to get into BTX that still have never heared about it.

Just as an example: Of all my friends maybe 20% know a little about crypto. And none of them ever heared of BTX before I told them about it. Still a long way to go. Patience is key for a sustainable project. Don't try to get it all at once and good things will come your way. Just my opinion.

What I am missing in this poll are some variations that were discussed in the main BTX thread. I would suggest to open an other poll after Oct. 30th if enough good ideas come up to include.



Ya I think the best choice of all is the latest iteration of the hybrid plan which is basically the devs plan with 10% weekly airdrops following the 25% special airdrop. It is more gradual but still gets the coins distributed by late February.


I have to agree... The hybrid distribution plan protects more the real supporters of the project and also allow a quicker distribution that following just the 3% plan... I also agree that continuing with the 3% airdrop to all holders will also create a compensation for people to not sell their big 25% airdrop...


Title: Re: BTX Distribution-Oct 30th
Post by: fabioganga on September 27, 2017, 10:39:25 PM
Hello, I cannot see the option to vote, only the results so far and I would like to vote.

What am I doing wrong?  ???

Thanks


Title: Re: BTX Distribution-Oct 30th
Post by: pauerdragz on September 28, 2017, 09:07:26 AM
how to vote? ???


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 28, 2017, 11:09:40 AM
how to vote? ???

You should be able to click a button next to the option of your choice. I saw people voted over the night so it still must be working.


Title: Re: BTX Distribution-Oct 30th
Post by: starskey on September 28, 2017, 12:42:55 PM
How do you vote? I think the Dev's plan makes more sense for consistency's sake.


Title: Re: BTX Distribution-Oct 30th
Post by: stzcze on September 28, 2017, 01:20:28 PM
Maybe voting is forbidden, for newbie ... I can not vote.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 28, 2017, 03:01:05 PM
Thank you for the poll.

Kind Regards Christian

I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.

You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.

The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.

If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.

Ya I mean that would be fine too but really my hybrid was just to compromise with what the devs wanted. I would also be more than ok with your plan as well or some variation of it. To be honest I crunched the numbers on the devs plan and it works out for me personally as well so I make out like a bandit no matter which choice we go with... I really just think that a quicker distribution if done correctly adds legitimacy to the project and it will look more attractive to new investors and old ones alike. The real value will be in development so once we figure this out then the coin can move forward in the positive direction. Distribution is always the problem with severely pre-mined coins... Honestly I would also be more than fine with just doing 10% weekly airdrop until all the coins are distributed but I really hated the plan that was chosen by the devs.

*edit* Maybe we can do their drop to BTC holders, their +25% one time airdrop, and 10% weekly airdrops going forward until all coins are distributed? That seems like an even better hybrid plan than even the original one. It is more gradual but still gets those coins distributed more quickly.

I don't have a problem with the 25% one time drop, butif the percentage needs to be decreased in order to institute a solid weekly airdrop plan going forward, then I believe that it should be adjusted. I believe that the weekly airdrops should be increased incrementally. Just paying out 10% for weekly airdrops is way too much of a jump from 3%. If the percentage is increased over a period of time, you get greater buildup of anticipation and word will spread more rapidly. Friends will message each other, "Hey the airdrop is increasing from 5% to 7% next week get some BTX into a wallet before Monday" or "The airdrop is increasing from 7% to 9% next week, you better get some BTX into your wallet before then". The exact percentage isn't the most important factor, it's the excitement that your percentage is being increased. In my opinion 5% would be a great starting airdrop and then increase upward from there. I don't think that there's ever been a crypto that has done something like that. In my opinion, it will spread like wildfire.

It is a fairly big jump in percentage but it won't cause a big dump so to me minimizes the chances of the one thing everyone fears. It then gets the coins distributed quickly and fairly to everyone from new people to old people. The incremental increases are fine but a flat rate is more simple to implement. As far as word of mouth... If 10% weekly airdrops isn't enough for you to want to come over and buy some BTX then nothing will entice you to come over. It is largely all the anticipation anyone should need for a coin that has phenomenal advantages over many of the other currencies on the market.


Title: Re: BTX Distribution-Oct 30th
Post by: darmax on September 28, 2017, 04:28:10 PM
yes, I can not vote the button is not displayed for newbies :-[


Title: Re: BTX Distribution-Oct 30th
Post by: genopark on September 29, 2017, 04:11:08 PM
great, this is what i get for being a newb


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 29, 2017, 05:11:54 PM
Ya I don't know but maybe bitcointalk has certain rules about that.


Title: Re: BTX Distribution-Oct 30th
Post by: crypt0kid on September 29, 2017, 07:08:35 PM
Thank you for the poll.

Kind Regards Christian

I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.

You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.

The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.

If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.

Ya I mean that would be fine too but really my hybrid was just to compromise with what the devs wanted. I would also be more than ok with your plan as well or some variation of it. To be honest I crunched the numbers on the devs plan and it works out for me personally as well so I make out like a bandit no matter which choice we go with... I really just think that a quicker distribution if done correctly adds legitimacy to the project and it will look more attractive to new investors and old ones alike. The real value will be in development so once we figure this out then the coin can move forward in the positive direction. Distribution is always the problem with severely pre-mined coins... Honestly I would also be more than fine with just doing 10% weekly airdrop until all the coins are distributed but I really hated the plan that was chosen by the devs.

*edit* Maybe we can do their drop to BTC holders, their +25% one time airdrop, and 10% weekly airdrops going forward until all coins are distributed? That seems like an even better hybrid plan than even the original one. It is more gradual but still gets those coins distributed more quickly.

I don't have a problem with the 25% one time drop, butif the percentage needs to be decreased in order to institute a solid weekly airdrop plan going forward, then I believe that it should be adjusted. I believe that the weekly airdrops should be increased incrementally. Just paying out 10% for weekly airdrops is way too much of a jump from 3%. If the percentage is increased over a period of time, you get greater buildup of anticipation and word will spread more rapidly. Friends will message each other, "Hey the airdrop is increasing from 5% to 7% next week get some BTX into a wallet before Monday" or "The airdrop is increasing from 7% to 9% next week, you better get some BTX into your wallet before then". The exact percentage isn't the most important factor, it's the excitement that your percentage is being increased. In my opinion 5% would be a great starting airdrop and then increase upward from there. I don't think that there's ever been a crypto that has done something like that. In my opinion, it will spread like wildfire.

It is a fairly big jump in percentage but it won't cause a big dump so to me minimizes the chances of the one thing everyone fears. It then gets the coins distributed quickly and fairly to everyone from new people to old people. The incremental increases are fine but a flat rate is more simple to implement. As far as word of mouth... If 10% weekly airdrops isn't enough for you to want to come over and buy some BTX then nothing will entice you to come over. It is largely all the anticipation anyone should need for a coin that has phenomenal advantages over many of the other currencies on the market.

This message is for gwestcot:
Are you part of this project? If not, then why only list the options that you find favorable? Does someone else need to list a separate poll in order to get a bit of objectivity? You listed your own plan. Then I proposed an incremental percentage increase in the airdrops. Instead of listing that option, you starting pumping your own option of a straight 10% airdrop. If you are to take this poll on with objectivity, you need to list all of the options that are suggested, not just the ones that you would like to see happen.

My take is that you want as many coins as possible, as fast as possible. Call me skeptical, but I get the impression that you will be the first to dump your coins as soon as it arrives in your wallet. Every option that you have pushed for has to do with getting as many coins as quickly as possible. I sense an ulterior motive with you. You come across as extremely greedy and you don't care about a coin dump because you will be the first to sell. Now, if you are truly objective, you will let all of the options and not just the ones that you prefer.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 29, 2017, 08:17:57 PM
Thank you for the poll.

Kind Regards Christian

I personally do not agree with this poll. The options presented are not complete. There are additional options which should have been included. The poll creator is obviously biased because he is setting up his plan as the best option, but fails to present additional potential options that would benefit the community. You have to understand that most people are going to choose the side that gives them more coins. Greed is a powerful thing in the crypto world. Any one time 25% payment will result in a major dump and a price drop. There is no way around it. The continuing 3% airdrops are enticing, but the opportunity to cash out will be too great for most people.

You should include one additional option, which is a gradual increase in the percentage of the payout. For example, 15% payout on October 30th and then 5% ongoing airdrop for the month of November. Then an increase in the payout to between 6-8% for the month of December. Then in January, an increase to between 8-10%. In the month of February, you can adjust the percentage, so that the remaining coins will be fully distributed. I can guarantee that this plan would have more and more people joining the community in order to get some of the airdrop.

The plan that I just proposed is a hybrid of the hybrid. It still gives a good payout in October, yet it leaves incentive for BTX holders to continue to hold on to their coins knowing that the airdrops are going to increase in the coming months.

If you make a large payout at one time and only offer 3% going forward, a large number of people will sell their holding and tank the coin. I believe that a gradual percentage increase will be a much better strategy for the continued growth of BTX and the community.

Ya I mean that would be fine too but really my hybrid was just to compromise with what the devs wanted. I would also be more than ok with your plan as well or some variation of it. To be honest I crunched the numbers on the devs plan and it works out for me personally as well so I make out like a bandit no matter which choice we go with... I really just think that a quicker distribution if done correctly adds legitimacy to the project and it will look more attractive to new investors and old ones alike. The real value will be in development so once we figure this out then the coin can move forward in the positive direction. Distribution is always the problem with severely pre-mined coins... Honestly I would also be more than fine with just doing 10% weekly airdrop until all the coins are distributed but I really hated the plan that was chosen by the devs.

*edit* Maybe we can do their drop to BTC holders, their +25% one time airdrop, and 10% weekly airdrops going forward until all coins are distributed? That seems like an even better hybrid plan than even the original one. It is more gradual but still gets those coins distributed more quickly.

I don't have a problem with the 25% one time drop, butif the percentage needs to be decreased in order to institute a solid weekly airdrop plan going forward, then I believe that it should be adjusted. I believe that the weekly airdrops should be increased incrementally. Just paying out 10% for weekly airdrops is way too much of a jump from 3%. If the percentage is increased over a period of time, you get greater buildup of anticipation and word will spread more rapidly. Friends will message each other, "Hey the airdrop is increasing from 5% to 7% next week get some BTX into a wallet before Monday" or "The airdrop is increasing from 7% to 9% next week, you better get some BTX into your wallet before then". The exact percentage isn't the most important factor, it's the excitement that your percentage is being increased. In my opinion 5% would be a great starting airdrop and then increase upward from there. I don't think that there's ever been a crypto that has done something like that. In my opinion, it will spread like wildfire.

It is a fairly big jump in percentage but it won't cause a big dump so to me minimizes the chances of the one thing everyone fears. It then gets the coins distributed quickly and fairly to everyone from new people to old people. The incremental increases are fine but a flat rate is more simple to implement. As far as word of mouth... If 10% weekly airdrops isn't enough for you to want to come over and buy some BTX then nothing will entice you to come over. It is largely all the anticipation anyone should need for a coin that has phenomenal advantages over many of the other currencies on the market.

This message is for gwestcot:
Are you part of this project? If not, then why only list the options that you find favorable? Does someone else need to list a separate poll in order to get a bit of objectivity? You listed your own plan. Then I proposed an incremental percentage increase in the airdrops. Instead of listing that option, you starting pumping your own option of a straight 10% airdrop. If you are to take this poll on with objectivity, you need to list all of the options that are suggested, not just the ones that you would like to see happen.

My take is that you want as many coins as possible, as fast as possible. Call me skeptical, but I get the impression that you will be the first to dump your coins as soon as it arrives in your wallet. Every option that you have pushed for has to do with getting as many coins as quickly as possible. I sense an ulterior motive with you. You come across as extremely greedy and you don't care about a coin dump because you will be the first to sell. Now, if you are truly objective, you will let all of the options and not just the ones that you prefer.

Well if you would like I will make a new poll but you can't change a poll once it is made because it destroys the validity of the results. Notice how I haven't changed my plan even though after talking to people there are some different options like a more gradual 10% weekly airdrop instead of a big drop from the start. Just an FYI but if I was simply in it for more coins I would definitely earn more under the devs plan which would net me 5k more coins and holding for 8 more months wouldn't kill me at all. What I want is to distribute the pre-mined coins fairly but efficiently since for sure it will turn people off that the coin was pre-mined and the devs still control the majority of it. I will not dump this coin because it has a major future and because I am greedy I will definitely keep it for the long term. I have laid out my argument in fairly logical terms but don't come at me with accusations just because more people tend to agree with me. I usually wouldn't touch a pre-mined coin with a 100 foot stick because there have been countless scam coins that have started that way but because this one showed so much promise I invested heavily in it. There are many people just like me that are skeptical of a pre-mined coin so distributing them out is key to mitigate this negative appearance. If you want the charts comparing what I would get under the devs plan and my plan then I will be happy to show them to everyone so that you see the difference. Why do you think we are still not on a larger exchange? I think you know the reason.

edit* Additionally, I will have so many coins at the end of any distribution model talked about that I wouldn't even be able to dump them all at once due to lack of liquidity. At today's prices, I will get roughly 26 BTC worth of coins but there isn't even that much on the entire buy side right now on cryptopia.  


Title: Re: BTX Distribution-Oct 30th
Post by: starskey on September 29, 2017, 10:29:34 PM
great, this is what i get for being a newb

Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 30, 2017, 01:48:32 AM
great, this is what i get for being a newb

Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?

I am not sure about the rights per rank but here is the numbers for the badges.

https://bitcointalk.org/index.php?topic=178608.0


Title: Re: BTX Distribution-Oct 30th
Post by: Kryptowerk on September 30, 2017, 12:41:16 PM
great, this is what i get for being a newb

Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
Activity is based on your posts but only increases every two weeks. It cannot increase more than by 7 (or 14 don't remember) every two weeks. So you also need to be registered on the forum long enough besides beeing active to increase your rank.
But please try to continue to provide quality posts to keep this forum healthy.

@gwestcot: I understand your position about the general scepticism towards projects with a huge stack of coins held by devs.
However with Bitcore I think it is important to notice that the team of Bitcore (BTX) are publicy known figures who proved themselves over and over again, especially with their very established sister project Bitsend.
It's really hard to determine what is better in the long run: a slower distribution that also helps getting people involved later on or a fully distributed coin but with the problem of a short-period of high airdrops which can also cause huge scepticism.


Title: Re: BTX Distribution-Oct 30th
Post by: gwestcot on September 30, 2017, 01:06:16 PM
great, this is what i get for being a newb

Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?
Activity is based on your posts but only increases every two weeks. It cannot increase more than by 7 (or 14 don't remember) every two weeks. So you also need to be registered on the forum long enough besides beeing active to increase your rank.
But please try to continue to provide quality posts to keep this forum healthy.

@gwestcot: I understand your position about the general scepticism towards projects with a huge stack of coins held by devs.
However with Bitcore I think it is important to notice that the team of Bitcore (BTX) are publicy known figures who proved themselves over and over again, especially with their very established sister project Bitsend.
It's really hard to determine what is better in the long run: a slower distribution that also helps getting people involved later on or a fully distributed coin but with the problem of a short-period of high airdrops which can also cause huge scepticism.

Such is the issues of pre-mined coins and I largely agree with what you said other than the part that they are well known figures. Only people that are hardcore crypto-enthusiasts would know them in any capacity so the casual or new people wouldn't have a clue. I just hope we can smoothly get passed this stage and get to the good stuff afterwards.  ;D


Title: Re: BTX Distribution-Oct 30th
Post by: genopark on September 30, 2017, 03:23:47 PM
great, this is what i get for being a newb

Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?

Hi! Lol


Title: Re: BTX Distribution-Oct 30th
Post by: e6ug on October 01, 2017, 12:38:26 AM
great, this is what i get for being a newb

Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?

Hi! Lol

looks like we have a new poll     https://bitcointalk.org/index.php?topic=2220345.0


Title: Re: BTX Distribution-Oct 30th
Post by: kobri0815 on October 01, 2017, 10:48:16 AM
great, this is what i get for being a newb

Well ok, we gotta keep writing. WOuld like to have a say, even though it says noob. Is it after 30 posts that you get an upgrade?

Hi! Lol

looks like we have a new poll     https://bitcointalk.org/index.php?topic=2220345.0

I think the new one is more balanced and closer to the dev's plan. I really like the new one


Title: Re: BTX Distribution-Oct 30th
Post by: crypt0kid on October 02, 2017, 04:47:46 AM
I've had a chance to speak with Gwestcot and at the end of the day, we can both agree that what is important is the success of Bitcore. Despite my criticism of Gwestcot, I have to send him some appreciation for taking the time out of his life to put together this poll and give the community an opportunity to express our thoughts and give our to cents on the direction of the airdrops.

While I do agree with Gwestcot that we do need the coins to be distributed in a timely manner, I believe that an incremental increase will incentivize the community as well as get new people to want to join in.

Picture this scenario:
We adopt the incremental increase in the % of the airdrops. The month is November and Bitcore is depositing 5% BTX into our wallet? People will begin paying more attention to Bitcore. Fast forward to December and the airdrop percentage is up to 6% or even 7%. The community will be filled with even greater enthusiasm. Imagine the excitement in the air as YouTubers create videos about Bitcore (BTX), an upgraded Bitcoin with a larger block size than Bitcoin Cash that is paying 6% every Monday and all you have to do is hold at least 10 BTX in your desktop wallet. How do you think that people are going to react knowing that every Monday during the month of December that their holdings will increase by 6%.

Again, imagine that the month is now January and the airdrop has increased to 8%. How many people in the crypto world aren't going to want to join in and buy some BTX knowing that every Monday in the month of January, they will get an additional 8% of BTX deposited directly in their desktop wallets? Tell me, has anyone every seen or heard of such a proposal? The answer is most likely no, but that's exactly why it's going to work. The excitement factor will sell itself.

The percentages that I used are random numbers that I came up with. The devs can decide to use whatever percentage that they choose, but just imagine the level of excitement if we decided to use this type of strategy?


Title: Re: BTX Distribution-Oct 30th
Post by: Mlnklkm05 on October 02, 2017, 07:14:45 AM
Nice day to get a new airdrop by the way any news about registration for past November airdrop?


Title: Re: BTX Distribution-Oct 30th
Post by: suryadi27 on October 03, 2017, 09:37:54 PM
Thank you for the poll.

Kind Regards Christian


Title: Re: BTX Distribution-Oct 30th
Post by: nicwenzel on January 14, 2018, 09:58:51 PM
Is this coin worth getting into? please reply. Thx  :-*