I've read that the bytes-blackbytes bot exchange is going to close in days. How to get back the bytes you have parked in a smart wallet, bound to a contract with that bot?
http://freebe.byte-ball.com/check FAQ |
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From Trolololo's formula I've calculated today's % Spread based on today's actual Market Cap. of $115.7 B. The Spread comes to -52.8 %. See https://youtu.be/MvQzjyhtjRg for explanation. Indeed currently 252B is trendline/fair value of all crypto's, so 115B would be -54%, today 135B is -49%, undervaluation to fair value. https://www.wolframalpha.com/input/?i=10%5E(3.23720++*+ln((number+of+weeks+since+2009+Jan+09)%2Fweeks)+-+8.81809) |
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The Byteball Platform - Thoughts on a Rebrand
Greetings Byteball Community and Team.
My apologies for such a long post, and a re-post from our Reddit thread, but I felt some may not see it otherwise and that a full explanation was in order...
It's been a long time since I've posted ...
Great post and kudos to you for seeing cancelling the airdrop fully was a mistake, I didn't see it at the time but now have to admit it would have been better to drastically reduced airdrops over time instead. Good for you u got out and missed the largest drop in price. Happy to see ppl like you join the project again, I would not sell your domains for small profit but instead keep them, and keeping the power that comes with it if the names you propose get adopted, crypto is supposed to be decentralised in different ways, domain name ownership being one of them. Thanks so much for all your contributions. |
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Where is Trolololo when you need him lol!
yup  Awe and Wonder on twitter does a great job too with the log regression chart and other interesting stuff: https://twitter.com/Awe_andWonderDon't think he is doing log regression on total market cap thou |
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Thanks so much Tony. Great to see you keep on hustling  Also nice to see someone contributing code, thanks Tarmo! |
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Every year I'm going to bump this for love  Check the video on it if you haven't already: https://www.youtube.com/watch?v=FIO06yLUiYIAlso just did new video with different way to estimate inflation, using amount of dollars printed by Fed Reserve minus yearly economic growth of 2%, leads to inflation of not 5 but 6% that prices go up per year, also credible: Historical Returns Since 1928 - Stocks, Gold, Inflation & Permanent Portfolio https://www.youtube.com/watch?v=QbkDEhFzG8o&t |
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CUT
Actions speak louder than words edit: To be explicit. Undistributed bytes are being given away, but not to the speculator/investor who already bought bytes, they recieve nothing from the remaining pool but it does go elsewhere. Thus the supply is being inflated elsewhere or another way, the value of the unit of byte being diluted. Therefore for the speculator/investor who bought bytes their investment's value is diluted. For the steem user who got some free bytes they don't care the value was diluted, they didn't buy them. It was a windfall. For the speculator / investor who did buy them, now they see that there are more bytes flooding the market. Their own bytes that they bought when they were scarce are not so scarce anymore, the value goes down. It is very basic economics. The speculator/investor has been shafted. To rub salt in the wound, the rug was pulled away without warning. Previously the speculator / investor was standing in line to benefit from airdrops. Surely you see how this is an explicit negative for the speculator /investor? It isn't a tweet, it is a very definate action against the speculator / investor, an act of hostility. Sure investors don't get any coins anymore simply for holding, and undistributed funds go to others, but that does not mean that investors get diluted. It all depends on what value Byteball gets back for these undistributed coins they spend on these projects. If value they get back is higher than the coins spend, it will raise the value of all coins in circulation, so the investors profit, but if the value is lower than the coins spend, then all coins go down in value and indeed you can call it dilution. But a poor investment is not really dilution as it is part of doing business that you will sometimes pay people or projects that end up not delivering. Dilution is when one on purpose creates more units and gives to people that did not create any value, thereby indeed for sure diluting coin/shareholders. |
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Speculators are the only kind of users despised by Byteball. Speculators make a coin less volatile.
Byteball foundation will NEVER be airdropping bytes to exchange users (althrough it would be a good move to get more users aware of Byteball), because among them are the personified evil: speculators which only cares about profits.
The reality is: Byteball foundation should not care what users do with their money. But it cares, they don´t treat all users/new users fairly as stated before.
Is that really true? Can you give examples where Byteball leadership or foundation is talking negative about speculators/investors? I do remember one tweet made by Byteball.org twitter that looked down on speculators/investors but that is small offence for the many offences (short term) speculators/investors have made in Byteball community, bitching and whining about everything that needs be changed, often promoting things that are good in short term but add little or are sometimes bad in long term (like airdrops to byteball holders, more exchange quotations, change name, etc), while doing nothing themselves for the project. Some resentment and lashing out from active members is to be expected. That does not mean leadership is not supportive of investors. I have been a big investor, but also feel valued by the leadership, foundation and active members. Ofcourse I also add value in other ways than just allocating capital, which probably explains why they value me. But I do agree with you that it is very important for the leadership to respect and value speculators/investors that only allocate capital, however the best way to do this is not with nice words about investors or let them lead the project, but with good management of the project that usually means decisions that are sometimes painful in short term but profitable in long term, like cancelling the airdrops, not wasting money on exchange quotations or rebrandings that all add little real users to the project etc. |
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Missed this review of byteball, nice |
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Made new video on crypto bear market, also discussing Byteball, please retweet or share on your FB or fav groups & enjoy https://twitter.com/marcdemesel/status/1029394102851383296https://www.youtube.com/watch?v=mW0VweskNm8Summary: Now that crypto market cap has dropped to $190 Billion and reached the trendline of Trololo that currently stands at $200 billion (not $180B as mentioned in video), we can say crypto is fairly valued. Some coins dropped a lot like Byteball ($50, -95%), but Bitcoin still at $6k (-70%). Target for this bear however is -90% undervaluation to trendline in about 1 year as you can see in my last Trololo video (link below). In meantime trendline will likely go up to $400 billion, so $100 billion as final low seems likely, cutting bitcoin again in half and most other coins in 3 or 4 from here. But since this is not that much lower and another year to go, a strong rebound is certainly possible before the real bear starts. Going below 5k could start the real bear leading to the final low of $3k but be careful for possible strong rebound first to say $12k. Links: Growth rates users in Crypto: https://www.youtube.com/watch?v=caYy8pafFeY&t=923sGreat crypto bear channel iTradeCrypto from Kevin Svenson: https://www.youtube.com/channel/UCVTbGN6Hzi4sSAz1bKHiDiQhttps://twitter.com/KevinSvenson_My last Trololo video: https://www.youtube.com/watch?v=MvQzjyhtjRg&tTroiolo trendline calculator: https://bitcointalk.org/index.php?topic=2000218.msg30510563#msg30510563Compare amount of transactions on Bitcoin vs ETH, BCH, XMR,and many more: https://bitinfocharts.com/comparison/transactions-btc-eth-bch-xmr.html#log |
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Nevermind, current trendline at 200B according to your last link to calculator: Calculate today's trendline value HERE |
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Observing the spread chart, we are heavily overvalued, more than 5x times the estimated value. Only 2 times we were higher: June 2011 and nov 2013... Legendary words now already from our one and only Trololo Send u message Trololo, would love to see new chart but especially have your confirmation that calculator is correct? Current trendline is at 150 billion? Calculate today's trendline value HERE |
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Calculator Trendline used to point to $180 Billion 1 month back, but now dropped to $150 Billion, which is right previous calculation or current one (that sems updated trololo?) |
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Only two of my friends, who could buy a whole gigabyte joined Byteball. Those who do not have enough money for the whole unit prefer to buy a crypto-currency with a cheaper unit (for example, Stratis, EOS, TRON and other trash ...) Please, let's replace the ticker from GBYTE to MBYTE or KBYTE. Nobody pays attention to how many bytes per unit, everyone looks at the unit - GBYTE and thinks it's expensive. Bitcoin has the same problem. Let's make our cryptocurrency more convenient in this. In the rest it is the best!
Tell your friends they are idiots and will lose their money if they invest that way. The value of 1 share or coin is of no importance, it's the value of the total company/coin, compared to it's potential value, that is of importance to judge whether you have a good chance to make profit or not. You can have a highly overvalued company/coin with still a low price per share/coin, and you can have a highly undervalued company/coin with a high price per share/coin. The first is a terrible investment, the second a great one. Also the amount of new shares/coins issued can dilute the value of your shares/coins a lot, so study this too. Are there new shares/coins issued and those that get them, do they give more value back in exchange or less value then they get payed? A highly undervalued company/coin can go up a lot in value, but if more new shares/coins come on the market in the meantime compared to the value the company/coin goes up, the value per share/coin can still go down! |
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Hi guys, talked about Trololo chart in my latest video, "Thou Shalt Not Buy Overvaluation In Downtrend!" Enjoy https://www.youtube.com/watch?v=08Z1oBjF4igSummary: Current fair historical valuation of all cryptos according to Trololo chart is $180 billion so current $260 billion is still 44% overvalued (not 70% as mentioned in video). If it is trending upwards you can still make a good buck buying overvaluation but trend is now clearly downwards for half a year. Considering past bull market (2015-2017) lasted 50% longer than previous bull market (2012-2013) (3 years instead of 2), this bear market will likely also last 50% longer than last bear market of 2014-2015 so this time 1.5 year instead of 1, for the biggest coins, 3 years instead of 2 years for smallest, which is still a very long time from here, until end 2020! Also a word on real world adoption of Byteball and Bitcoin Cash. Recently very active on Instagram, pics and vids of my dating life  Check it out: https://www.instagram.com/marcdemesel/Please share with your friends on your fb or snapchat, or retweet: https://twitter.com/marcdemesel/status/1010160840518066176 |
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I just received a message from Tony Churyumoff and he wrote me that the trustees decided that Louis Thomas and Milan Horváth are winners in the video contest! Congratulations! Louis Thomas https://youtu.be/ZlSjFqwcw7U Louis Thomas GBYTE: 5QRFNHCHE4FN3OR5REYDM7BFJP7EPWIU Milán Horváth https://youtu.be/93jnbZsudmw Byteball: MIW7GEZHIFB65MU5PTTMB2POF5ESTM66 In the decription box of both videos are your Byteball address mentioned so you can expect a reward to this address. Great news, thank you so much all involved!!! |
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Great to see some discussion going on! Thanks so much guys! |
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