Obyte: Totally new consensus algorithm + private untraceable payments

[garytheasshole]

You guys got your airdrop for this month?

There was no distribution this month.  Read one page back or the very first page of the thread, or the front page on byteball.org.  - No distribution this month.

For a moment there I thought I was in the twilight zone, turns out I forgot which month it is.

[Michail1]

For a moment there I thought I was in the twilight zone, turns out I forgot which month it is.

I'm currently stuck in October. 
It's the 5th, so I get my welfare check today.  Gonna be eatin good for a couple of days now.  Then back to Mac&Cheese and Top Ramen  (no salt) for me.

[CryptoRobert]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

[riskthebiscuit]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

I am game for this idea or something similar as well. Byteball is too good of a project to go down like this and I dont know what the market is thinking. This slight alteration to the airdrop would

ensure that holders hold and that if dumpers do dump they shouldnt be allowed in on future drops neither. Something to consider I think.

[Karartma1]

Random airdrops don't really make any sense. People will dump anyway: I think there could have been better ways for distributing byteballs but this is a bit like bitcoin. In the long term we will see this coin real value. Most of the people who had bitcoin in the early days sold BTC at 1$, 10$, 100$, 1000$
There was no ICO here: this is already a plus on the long term

[XCNP]

As far as I know there is no airdrop this month, am I right ? I hope starting from next month that paused with be lifted up and that free distribution will take place once again. It seems that old formula was very good at least that was playing speculative role on exchanges to keep the market moving heavily.

[s1lverbox]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.

[scambust]

The problem here is that you have to link a normal BTC address since the airdrop can't read segwit addresses. What if it's just cheaper to buy from the exchanges rather than paying BTC TX fees to your linked address?

[AltScope]

The problem here is that you have to link a normal BTC address since the airdrop can't read segwit addresses. What if it's just cheaper to buy from the exchanges rather than paying BTC TX fees to your linked address?

My address is segwit (nano s) managed to link with a small transaction (0.0008 btc) but couldn't link by signing a message, transition bot reads my balance fine and I received some bytes on the last airdrop

[bcmine]

As far as I know there is no airdrop this month, am I right ? I hope starting from next month that paused with be lifted up and that free distribution will take place once again. It seems that old formula was very good at least that was playing speculative role on exchanges to keep the market moving heavily.

dont know if thats a problem. hiring 10 developers would make more sense to make the price fly. gui developers are crusial i think.

[Wekkel]

Buying Byteball on exchanges could be a much better strategy than obtaining and holding large amounts of BTC just to obtain Byteball in the Airdrops. The exchange prices have gone down a lot and there should be ample opportunity to make some good bargain purchases if you believe in this coin. Remember, when there is blood in the streets......

[stasyk411]

Yes the idea is excellent but so far it does not bring any profit looking at the price drop! Sorry I was hoping for the best!

[Malek17]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.

what you saying doesn't make sense dropping 5% this month and 15% next month it like dropping 10% this month and 10% next month at the end of the day you will get the same amount,random airdrops is just to keep people from buying before airdrop and dumping just after the airdrop,if the airdrop is at random dates the price will be much more stable and the coin grow in a healthy way rather than in an artificial way.

[s1lverbox]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.

what you saying doesn't make sense dropping 5% this month and 15% next month it like dropping 10% this month and 10% next month at the end of the day you will get the same amount,random airdrops is just to keep people from buying before airdrop and dumping just after the airdrop,if the airdrop is at random dates the price will be much more stable and the coin grow in a healthy way rather than in an artificial way.

Please research instead talking nonsense. I am telling you that amount of % for gbyte holders cannot be random because of airdrop and btc cap. ask in slack if you dont believe.

[Malek17]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.

what you saying doesn't make sense dropping 5% this month and 15% next month it like dropping 10% this month and 10% next month at the end of the day you will get the same amount,random airdrops is just to keep people from buying before airdrop and dumping just after the airdrop,if the airdrop is at random dates the price will be much more stable and the coin grow in a healthy way rather than in an artificial way.

Please research instead talking nonsense. I am telling you that amount of % for gbyte holders cannot be random because of airdrop and btc cap. ask in slack if you dont believe.

not body said anything about airdroping randomly to GB Holders what we're talking here is about random dates instead of airdropping every full moon you can airdrop at different dates that not body knows except Tonych of course for example you can airdrop the coin now then after 3 weeks then after a month and half....etc

[s1lverbox]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.

what you saying doesn't make sense dropping 5% this month and 15% next month it like dropping 10% this month and 10% next month at the end of the day you will get the same amount,random airdrops is just to keep people from buying before airdrop and dumping just after the airdrop,if the airdrop is at random dates the price will be much more stable and the coin grow in a healthy way rather than in an artificial way.

Please research instead talking nonsense. I am telling you that amount of % for gbyte holders cannot be random because of airdrop and btc cap. ask in slack if you dont believe.

not body said anything about airdroping randomly to GB Holders what we're talking here is about random dates instead of airdropping every full moon you can airdrop at different dates that not body knows except Tonych of course for example you can airdrop the coin now then after 3 weeks then after a month and half....etc

And whats that gonna help? dump will happen one way or another. Research explorer and look for yourself that big holders from top 100 didint dumped. so most likely noobs and weak hands dumping  like crazy.
dates and random airdrops not going to help.

[Malek17]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.

what you saying doesn't make sense dropping 5% this month and 15% next month it like dropping 10% this month and 10% next month at the end of the day you will get the same amount,random airdrops is just to keep people from buying before airdrop and dumping just after the airdrop,if the airdrop is at random dates the price will be much more stable and the coin grow in a healthy way rather than in an artificial way.

Please research instead talking nonsense. I am telling you that amount of % for gbyte holders cannot be random because of airdrop and btc cap. ask in slack if you dont believe.

not body said anything about airdroping randomly to GB Holders what we're talking here is about random dates instead of airdropping every full moon you can airdrop at different dates that not body knows except Tonych of course for example you can airdrop the coin now then after 3 weeks then after a month and half....etc

And whats that gonna help? dump will happen one way or another. Research explorer and look for yourself that big holders from top 100 didint dumped. so most likely noobs and weak hands dumping  like crazy.
dates and random airdrops not going to help.

That will eliminate price Volatility before ad after the airdrop and stabilize the price of Byteball and let it grow in a healthy way than an artificial way say for example Tonych announce today that there is a 20% airdrop next week i guarantee the price of Byteball will double then fall again after the airdrop but if he doesn't announce the date and percentage of the airdrop at all the price will remain stable and if there any increase it will be a healthy increase not an artificial one.

[afbitcoins]

may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.

what you saying doesn't make sense dropping 5% this month and 15% next month it like dropping 10% this month and 10% next month at the end of the day you will get the same amount,random airdrops is just to keep people from buying before airdrop and dumping just after the airdrop,if the airdrop is at random dates the price will be much more stable and the coin grow in a healthy way rather than in an artificial way.

Please research instead talking nonsense. I am telling you that amount of % for gbyte holders cannot be random because of airdrop and btc cap. ask in slack if you dont believe.

not body said anything about airdroping randomly to GB Holders what we're talking here is about random dates instead of airdropping every full moon you can airdrop at different dates that not body knows except Tonych of course for example you can airdrop the coin now then after 3 weeks then after a month and half....etc

And whats that gonna help? dump will happen one way or another. Research explorer and look for yourself that big holders from top 100 didint dumped. so most likely noobs and weak hands dumping  like crazy.
dates and random airdrops not going to help.

Agree with last comment from silverbox.

No matter how you spin it, it is a lot of new coins entering the market (almost) every month, if demand (or user adoption say) doesn't also increase a corresponding amount then prices fall by normal free market dynamics. This is what we are seeing

However if you look at market cap, it hasn't dropped nearly as much as price, although it has dropped a bit, but I take that to be a positive signal that byteball as a whole is maintaining its value to an extent.

There are some nuances to how the coins are distributed in terms of supply and demand though, whether people are keen to cash in straight away or hodl. I suspect that many of the big bitcoin holders who benefited more from earlier airdrops were quick to sell their bytes, seeing it as free money to cash in, (although that wasn't the case for me). This means supply was high and demand for byteball was lower.

However the  distribution rules have now changed and bitcoin holders will get 10 times less in each airdrop than previously. So now the incentive is changing so that existing byteball holders may hodl their airdropped coins in order to benefit from compounding interest on their byteball holdings. Presumably people that hold byteball longer term are more likely to be believers in byteball. This means the supply rate will drop compared to previously and demand increase.

It will be interesting to see how it plays out with high interest gained by hodling versus selling quick before the supply increases. I think the scales might be tipping towards hodling being the better option.

[afbitcoins]

That will eliminate price Volatility before ad after the airdrop and stabilize the price of Byteball and let it grow in a healthy way than an artificial way say for example Tonych announce today that there is a 20% airdrop next week i guarantee the price of Byteball will double then fall again after the airdrop but if he doesn't announce the date and percentage of the airdrop at all the price will remain stable and if there any increase it will be a healthy increase not an artificial one.

I hadn't heard that. Its interesting. Not on a full moon either! Last full moon felt a bit strange not to be expecting a payout.

[cryptocortex]

It's a bit too late for such a drastic change. However, I agree it's a good idea. It's something to be explored by future projects choosing to go through the airdrop way.