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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1151054 times)
Cryptaculara
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February 21, 2018, 01:52:11 AM
 #17441

An update about future distribution plans.

So far, bytes were mainly distributed via airdrops to holders of BTC and Bytes, and a relatively small portion was distributed through the cashback program.  We started this free distribution with the purpose of getting the currency as wide spread as possible, and while the purpose stays the same, methods can change.  The airdrop method worked well to get the initial user base, but it also proved to be the least efficient in terms of user acquisition cost.

Over the next few months, we'll add more methods of free distribution.  One of them is already being developed, I expect it to be ready in the first half of December.  

The new methods are designed to grow our user base faster than the money supply.

While the new methods are still untested, it is early to drop the airdrops.  That's why the next round of distribution to Bytes and BTC holders is tentatively planned for the full moon of March 2, 2018.  The rules are the same as in the previous round:

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

and similar rules for blackbytes.

This round can be postponed or even canceled depending on performance of other distribution methods.

As I said before, airdrops to holders of BTC and Bytes, which we did on full moons, were a good way to bootstrap the network and get initial attention.  But last few airdrops failed to attract any significant number of new users while quickly consuming the undistributed pool.  We had to pivot to other distribution methods, but at the time I was writing the above post they were not ready yet, and I had to tentatively put another old-style airdrop on the calendar.

Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

Other similar methods will be added over time, the purpose is to use the remaining undistributed coins most efficiently to acquire as many new users as possible.

There were multiple suggestions to redirect a part of undistributed funds from free distribution, i.e. from acquiring users, and spend it for hiring more people, paying contractors, etc.  While I understand the reasoning behind these suggestions, it is also important that we learn to spend money wisely, with the maximum effect per spent $, before (and if) we scale up the budget.  Anyway, it is unnecessary to repurpose the undistributed funds now as we have enough funds in the Community Fund to fund the current operations in the near future: it is over $1m in Bytes (plus another $1m in less liquid blackbytes).


What about secret/magic textcoin phrases with hints and clues?  You could do famous quotes, song lyrics, or word puzzles.  
You could make it fun by creating a YouTube channel that hosts weekly games and prize giveaways...that would serve to both create hype and distribute tokens.  

Last summer I worked at camp for school-aged kids, and managed to create a successful literacy program simply by combining fun with prizes...and within the privacy of our own homes, every adult is just a really anxious kid. lol
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zecon
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February 21, 2018, 01:52:23 AM
 #17442

Congratulations Tonych, you've successfully crashed bytes by 50% in three days.
It bound to happen once the announcement for the end of the distribution to Byteball/Bitcoin Holders a lot of people will sell their coins but in this case it's worse a lot of people are unhappy with the Dev Moves,lack of communication and ignoring the community demands from the Dev,lack of new exchanges ...etc it will probably drop further then stabilize at some point,for the near future i can't see Byteball growing again unless something major happens like adding Byteball to a major exchange...etc i am afraid Byteball will lose some genuine supporters so may be before trying to get new people into Byteball try to keep the ones that already in first so i am quite sure the new methods won't get a lot of people into Byteball but time will tell,any way guys don't worry too much there will always be new projects and there will be new interesting coins in the future for sure

What you're supposed to say is, "Thanks for the dip, Tony".

And I'll also say thanks for $400 GBYTE, quite a random gift.

If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.
— Jim Rohn
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February 21, 2018, 01:53:45 AM
 #17443

Congratulations Tonych, you've successfully crashed bytes by 50% in three days.
It bound to happen once the announcement for the end of the distribution to Byteball/Bitcoin Holders a lot of people will sell their coins but in this case it's worse a lot of people are unhappy with the Dev Moves,lack of communication and ignoring the community demands from the Dev,lack of new exchanges ...etc it will probably drop further then stabilize at some point,for the near future i can't see Byteball growing again unless something major happens like adding Byteball to a major exchange...etc i am afraid Byteball will lose some genuine supporters so may be before trying to get new people into Byteball try to keep the ones that already in first so i am quite sure the new methods won't get a lot of people into Byteball but time will tell,any way guys don't worry too much there will always be new projects and there will be new interesting coins in the future for sure

What you're supposed to say is, "Thanks for the dip, Tony".

And I'll also say thanks for $400 GBYTE, quite a random gift.

Sure, you can buy it. But remember, Bitcoin will be $50000 and Ethereum will be $5000 this year. I don't think that Byteball will cost $2000, but everything can happen of course.
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February 21, 2018, 01:59:16 AM
 #17444

An update about future distribution plans.

So far, bytes were mainly distributed via airdrops to holders of BTC and Bytes, and a relatively small portion was distributed through the cashback program.  We started this free distribution with the purpose of getting the currency as wide spread as possible, and while the purpose stays the same, methods can change.  The airdrop method worked well to get the initial user base, but it also proved to be the least efficient in terms of user acquisition cost.

Over the next few months, we'll add more methods of free distribution.  One of them is already being developed, I expect it to be ready in the first half of December.  

The new methods are designed to grow our user base faster than the money supply.

While the new methods are still untested, it is early to drop the airdrops.  That's why the next round of distribution to Bytes and BTC holders is tentatively planned for the full moon of March 2, 2018.  The rules are the same as in the previous round:

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

and similar rules for blackbytes.

This round can be postponed or even canceled depending on performance of other distribution methods.

As I said before, airdrops to holders of BTC and Bytes, which we did on full moons, were a good way to bootstrap the network and get initial attention.  But last few airdrops failed to attract any significant number of new users while quickly consuming the undistributed pool.  We had to pivot to other distribution methods, but at the time I was writing the above post they were not ready yet, and I had to tentatively put another old-style airdrop on the calendar.

Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

Other similar methods will be added over time, the purpose is to use the remaining undistributed coins most efficiently to acquire as many new users as possible.

There were multiple suggestions to redirect a part of undistributed funds from free distribution, i.e. from acquiring users, and spend it for hiring more people, paying contractors, etc.  While I understand the reasoning behind these suggestions, it is also important that we learn to spend money wisely, with the maximum effect per spent $, before (and if) we scale up the budget.  Anyway, it is unnecessary to repurpose the undistributed funds now as we have enough funds in the Community Fund to fund the current operations in the near future: it is over $1m in Bytes (plus another $1m in less liquid blackbytes).


I was very optimistic about this coin, I would have bought if Bittrex ever opened registrations but I had quite a few from airdrops. This type of controversial decision isn't something you make at this point along, this is entirely different to what those who invested expected to occur. Major coins should aim to reach consensus instead of just having one founder call the shots. This is why I'm glad satoshi left so early on.

Nonetheless I do appreciate the free coins and what has been done by Tony thus far. I do hope this proves to be a good long-term strategy but I can't invest money into a project which would make controversial decisions like this with such little communication.



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February 21, 2018, 01:59:50 AM
Merited by LoyceV (2)
 #17445

I am very surprised and disappointed with attitude of some people here. I guess it is understandable that so many people are only after profit in these times of cryptocurrency bubble as most of them are technology illiterate. But, bashing developer(s) for not giving you more free money?! Don't you think you are going a bit too far? Are you only interested in your investments bringing you short term profit or are you here because you want to be a part revolutionary technology that will change the way we live our lives?

Blockchain and DAG are wonderful technologies that should advance mankind, give all people some more freedom from everyday oppression, make our lives easier so we can focus on things that matter. And instead, millions of people are rushing in using only their basic instincts, while using no brain whatsoever. Wooohoo, free beer! Gimme, gimme, gimme! I want to be a millionaire tomorrow by investing $10 today! Come on Tony, where's my money?! I bough GBYTE when it was $60 and now it is only $600! If only you would change it to KBYTE and burn the rest, I would have $6000 now! Come on Tony, do as I say or I will leave! Even worse, I will make my own fork!

Well, let me ask all of you who are after quick profit - what is it that you have done, contributed or created, so that you ask for easy money? You did some coding? Developed something on your own? Gave away free GBYTEs to attract more users? Your shop is in cashback program? You want to make a fork? Please do! I bet half of you couldn't make "Hello World". You invested money into this project? Big deal - you did it because you thought you will make a quick profit, not because you wanted this project to succeed for technology sake. If it wasn't for Byteball, you would have invested in something else as you probably did.

Are you offended? No problem, look for more profit somewhere else. I am willing to bet all my GBYTEs that most of you who are whining now had profit from Byteball so far and hadn't lost a dime.

And who knows, maybe Tony thinks that his technology is more important than you guys buying Tesla cars. Maybe he remembers that during previous bubble (.com one) only good ideas with lots of work, substance and sacrifice made it (Amazon worked with loses for 6 years, before making profit and look at it today). Maybe he thinks inflating Byteball now, while it is not yet ready to support large volumes would ruin it forever. Maybe he thinks more stable currency will do more good than one jumping up and down whenever some millionaire/bank/investment fund/politician feels like messing around. Maybe not listing GBYTE on major exchanges should indicate something? Maybe he just doesn't care about money. Or maybe he is just messing with us all and has made a fortune and will disappear in a month's time to live his life happily ever after, drinking cocktails on a Caribbean beach with four young ladies. Who knows?

After all, you are all free to make your own choices, say what you want to say and do what you want to do. I will stay with Byteball, willing to risk my investment and hoping to one day use Byteball wallet on a daily basis and doing my next project on Byteball DAG. Maybe I will lose my investment - that is fine, I never invest more than I can get over easily. If not, even better. If there is a profit on top of this technology, well that would be a cherry on top. Maybe you should rethink what your expectations really are? Probably will help in making a better decision going forward.
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February 21, 2018, 02:00:46 AM
 #17446

Congratulations Tonych, you've successfully crashed bytes by 50% in three days.
It bound to happen once the announcement for the end of the distribution to Byteball/Bitcoin Holders a lot of people will sell their coins but in this case it's worse a lot of people are unhappy with the Dev Moves,lack of communication and ignoring the community demands from the Dev,lack of new exchanges ...etc it will probably drop further then stabilize at some point,for the near future i can't see Byteball growing again unless something major happens like adding Byteball to a major exchange...etc i am afraid Byteball will lose some genuine supporters so may be before trying to get new people into Byteball try to keep the ones that already in first so i am quite sure the new methods won't get a lot of people into Byteball but time will tell,any way guys don't worry too much there will always be new projects and there will be new interesting coins in the future for sure

What you're supposed to say is, "Thanks for the dip, Tony".

And I'll also say thanks for $400 GBYTE, quite a random gift.
under the current circumstances investors will think twice before jump in of course some random investors who know nothing about the coin and its history will always buy the dip
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February 21, 2018, 02:15:40 AM
Last edit: February 21, 2018, 03:02:25 AM by Malek17
 #17447

I am very surprised and disappointed with attitude of some people here. I guess it is understandable that so many people are only after profit in these times of cryptocurrency bubble as most of them are technology illiterate. But, bashing developer(s) for not giving you more free money?! Don't you think you are going a bit too far? Are you only interested in your investments bringing you short term profit or are you here because you want to be a part revolutionary technology that will change the way we live our lives?

Blockchain and DAG are wonderful technologies that should advance mankind, give all people some more freedom from everyday oppression, make our lives easier so we can focus on things that matter. And instead, millions of people are rushing in using only their basic instincts, while using no brain whatsoever. Wooohoo, free beer! Gimme, gimme, gimme! I want to be a millionaire tomorrow by investing $10 today! Come on Tony, where's my money?! I bough GBYTE when it was $60 and now it is only $600! If only you would change it to KBYTE and burn the rest, I would have $6000 now! Come on Tony, do as I say or I will leave! Even worse, I will make my own fork!

Well, let me ask all of you who are after quick profit - what is it that you have done, contributed or created, so that you ask for easy money? You did some coding? Developed something on your own? Gave away free GBYTEs to attract more users? Your shop is in cashback program? You want to make a fork? Please do! I bet half of you couldn't make "Hello World". You invested money into this project? Big deal - you did it because you thought you will make a quick profit, not because you wanted this project to succeed for technology sake. If it wasn't for Byteball, you would have invested in something else as you probably did.

Are you offended? No problem, look for more profit somewhere else. I am willing to bet all my GBYTEs that most of you who are whining now had profit from Byteball so far and hadn't lost a dime.

And who knows, maybe Tony thinks that his technology is more important than you guys buying Tesla cars. Maybe he remembers that during previous bubble (.com one) only good ideas with lots of work, substance and sacrifice made it (Amazon worked with loses for 6 years, before making profit and look at it today). Maybe he thinks inflating Byteball now, while it is not yet ready to support large volumes would ruin it forever. Maybe he thinks more stable currency will do more good than one jumping up and down whenever some millionaire/bank/investment fund/politician feels like messing around. Maybe not listing GBYTE on major exchanges should indicate something? Maybe he just doesn't care about money. Or maybe he is just messing with us all and has made a fortune and will disappear in a month's time to live his life happily ever after, drinking cocktails on a Caribbean beach with four young ladies. Who knows?

After all, you are all free to make your own choices, say what you want to say and do what you want to do. I will stay with Byteball, willing to risk my investment and hoping to one day use Byteball wallet on a daily basis and doing my next project on Byteball DAG. Maybe I will lose my investment - that is fine, I never invest more than I can get over easily. If not, even better. If there is a profit on top of this technology, well that would be a cherry on top. Maybe you should rethink what your expectations really are? Probably will help in making a better decision going forward.
No body doubting DAG here and most people are unhappy not because of the price   it's probably the lack of communication and the Dev totally ignoring community demands probably most people here expect Byteball to be a decentralized community driven coin but at the moment Byteball doesn't seems to move in that direction at all and actually what make it worse is the lack of a road map and a total lack of communication from Tonych, not body doubt his technical ability but that alone won't be enough if he's not willing to answer community questions he should get one of his team member to answer and communicate with people here.
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February 21, 2018, 02:34:39 AM
Merited by LoyceV (1)
 #17448

Definitely the problem here is the lack of communication and the fact very important decisions are made by a single person on very short notice.

What's done is done but I strongly suggest tonych to create a new way to take future decisions[1] considering the community, with enough time. If he does that, trust can be restored and this "dip" could even be a good thing in the long term.

Money can be used to heavily promote the project and its technology, distribution can be improved, non-distributed funds can be put on escrow, even units could be changed... The important part is the whole community is involved and rules don't change during the last minute. The project has the technology and that keeps me optimistic long term.


[1] By reading and replying to most of the comments being posted here now, by interacting here more, by asking for feedback, by using the "Poll bot" or similar to get weighted voting to make decisions, among other options.

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February 21, 2018, 02:43:20 AM
 #17449

TonyCh has just announced that all remaining byte holders can expect a roughly 40% dilution of their asset value because he feels like it. The point of 10% going to current byteball holders each round wasn't as a god damn dividend, it was to avoid massive dilution, so you weren't buying in at one price and supply and then getting that value taken from you and redistributed by the dev. The markets are forward looking, they are pricing this in now, and anyone who bought in before with the expectation that they wouldn't be diluted, as Tony heavily implied, has a right to be angry.
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February 21, 2018, 04:59:51 AM
 #17450

So this dip was only caused by the cancelled airdrop? Nothing else?
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February 21, 2018, 05:10:05 AM
 #17451

So this dip was only caused by the cancelled airdrop? Nothing else?

AFAIK, this is the main cause. Many people HODL Byteball in hopes of accumulating coin via airdrop. Now that HODL Byteballs no longer has this benefit, I'm sure many just dumped. Hopefully, more use cases can be developed for this coin.

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February 21, 2018, 05:33:10 AM
 #17452

Why not burning remaining coins ? This would be more fair for long time believers and nobody would be scared about distribution anymore  Tongue

You still have a lot to distribute, this will take a long time by your new method... I understand people here are sad about the distribution, but this wasn't the solution too, the coin crashed under 0.02 BTC because of inflation created by the distribution and we were hoping this would stop some months ago.

I was wondering, without checking news this morning : "wow, Byteball is dumping, even if altcoins are on the bad way, seems like there is something wrong, I should check the thread "

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OscarHollywood
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February 21, 2018, 05:46:39 AM
 #17453



I was wondering, without checking news this morning : "wow, Byteball is dumping, even if altcoins are on the bad way, seems like there is something wrong, I should check the thread "

this is exactly what i thought as ive been waiting patiently for a real dip
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February 21, 2018, 06:15:52 AM
 #17454

Why not burning remaining coins ? This would be more fair for long time believers and nobody would be scared about distribution anymore  Tongue

You still have a lot to distribute, this will take a long time by your new method... I understand people here are sad about the distribution, but this wasn't the solution too, the coin crashed under 0.02 BTC because of inflation created by the distribution and we were hoping this would stop some months ago.

I was wondering, without checking news this morning : "wow, Byteball is dumping, even if altcoins are on the bad way, seems like there is something wrong, I should check the thread "

Because it's not your project, it's not your coin, and you're nobody to have an opinion by Tony's understanding. Or so we hear.
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February 21, 2018, 06:35:58 AM
 #17455

talks of forking this are completely ridiculous. I have been one of tony's harshest critics since the start but that kind of talk is just a bit crazy and also very ungrateful. As if there are even more than a handful of developers that can attempt to fill tonych's shoes? where will you magically get another  tony ch to take over or fix if future issues arise. Let's keep up  pressure to get Tony to listen more to the community but let's remain slightly sensible here. Talks of take over dev teams and such are fantasy.

Tony's main problem is he is a genius coder and designer but is also probably an idealist like a lot of super smart people who don;t really give a shit about profits and money. Think about it people this smart are generally very wealthy already.

Now we just need to make Tony understand that this entire game is right now governed by speculation and the real truth is 99% of people are here to get rich. Sure a few will come and say we dont care about profits we are idealists and believers too. These people are talking bullshit. Whilst tonyCH seeks adoption but where is iota's adoption, where is xrbs adoption.... adoption at this point in crypto is not that important. Appealing to investors and speculators is important right now. Once you get them on board and a huge CAP is there you will get 100X more attention anyway and if the  tech backs up the hype your adoption will naturally come next without begging or paying people to adopt it.

I said at the start willingly letting other ico managers take the lions share of tokens was quite crazy. Tony didn't seem to think it mattered for some reason or other.

Tony then realised giving it out over and over again to btc owners was a bad idea so gradually shut them out.

Tony did NOT realise that a LOT of people invested in byteball on the basis not only of it being great tech but also because of the full moon drops. Cancelling those was a terrible mistake since it then destroyed the trust of many investors.


I do have faith that byteball will be a top 10 project even now. However this mess with the distribution needs to end and end fast.

If a burn is not possible I think a huge air drop to all byteball holders (excluding wallets known to be ico managers and exchanges) by huge I mean 30% in one big airdrop. Tony keeps 10% to do what he likes with and we move on from here.

Also a more distributed network needs to be worked out asap.

Then let us as a community move on from worrying about the distribution and get on with pushing forward to get byteball out there.

The problem with tony also is that he thinks he can just ignore the posts he does not feel like discussing and just cherry pick posts to reply to. This again looks bad. You need to be consistent and install trust. Many super smart people are very dynamic and it can appear they are super changeable and unreliable when really they are just adjusting to what they think best in the current situation. However if you want to make these  changes you need really to discuss and convince the community or at least some of them. People here are very use to being part of a decentralised community driven decision process. It seems strange to have huge changes thrust on to them with no discussion and then when they complain no answer or even recognition of their concerns.

You have to remember though with this project a LOT of the huge whales have no interest in seeing byteball beat their own projects so since they have such control of the price because they got gifted such huge amounts of the minting that they can beat us down at will. It will take many cycles to take away their power.

Byteball is still way undervalued i think but the question is how to get it to fair value.  For a start we need to bring more serious investors for long term holds. I think fully distributing and getting a more decentralised network will be a good start.

This thread is mostly full of arguing about the distribution and the unit size. We need this thread full of positive discussion about how to push byteball forward and demonstrate how good it is next to other projects.

TonyCH is a great designer and coder but just  needs to spend a bit more time listening to the community and to give a few more reasons for his decisions and make the entire thing feel more of a community effort (although really he is the project)

I feel we are all being a bit harsh on him but it is frustration at these last min changes that are making us seem ungrateful for this great piece of work.

I think tony does what he really thinks is best for the project but I think sometimes he is wrong and sometimes he needs to discuss these changes  with the community and explain he reasons fully. I mean after all if he is way smarter than most of us (which is highly likely) maybe we are the ones not fully comprehending the benefits of such changes. All the same we need to be made to understand so we all have more faith in the project going forward. Install more faith and trust and you will install a lof of long term holders that will suck up supply and hold it. That is exactly what you want whilst you work on driving demand too.



Excellent post Cryptohunter - a great read,

I love ByteBall and greatly admire what Tonych has achieved, and will remain a promoter and participant for a long time to come (I fell in love a few months ago and I still have hope)
But there is no question that this matter could have been handled with much more sophistication and sensitivity, as could many before.

Given the Cryptopia Situation, IMO, the Airdrop should have at minimum been postponed, but Airdrops also have the potential to be a pretty decent marketing tool and they are kind of "ByteBall thing". There's no law that says it had to be so large. It could have been reduced in size to 1 or 2% to reduce market impact, and continued for it's Buzz factor on a periodic basis for a long time to come - leaving plenty of Bytes left to distribute and use in other ways.

It also would have been very easy with a little compromise to keep everyone in the community happy with "one last drop" - even of a reduced size.
 
We really need everyone pulling together, building our community if BB is to succeed - not constantly fighting among ourselves over things we have absolutely no say or control over.
Did "management" not realize how divisive such a blunt announcement like this would be? Where was Eli on this?

What's it going to take to get Tonych to understand how important a Strong & Vibrant Community is to the ultimate success of Byteball?
It cannot succeed without community - no matter how good the technology. The community needs to feel that they are a part of the process.

And to realize that it's unlikely much institutional money will flow into ByteBall as long as it remains a "one man show" with no Roadmap, no Governance Structure looking out for the long term interests of Byte holders, and no long term Platform Maintenance or Marketing Infrastructure to support it in the years and hopefully decades to come. (Heavens forbid, but what happens if Tonych gets hit by a bus?)
 
Some of these things are not easy to say, but I think it's essential for our investment & the ByteBall Platform that someone does.

At some point, Tonych has to release his child into the universe to fend for itself - along with the means to do so.
 
Perhaps Tonych would also be a lot happier if he were to step back from things he doesn't like so much to concentrate on what he loves
 - which is obviously coding. It must be an awful lot of pressure to have responsibility for "everything".

With a little luck this is the wake up call that Tonych needs.

Good luck and wisdom to us all.

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February 21, 2018, 06:46:50 AM
 #17456

Sorry to intrude on the FUD, but......

I can only speak for myself, but I am in awe of the innovation of blockchain technology.  It offers western society, and the entire world, a decentralized financial system that affords ordinary people significantly more control over their money, and potential to gain wealth.
Speaking as a millennial with thousands of dollars of college debt, who feels disillusioned with our current financial and economic system, yet still clings to the idea of the American dream...I feel like many Byteball veterans have lost sight of the intention behind a DEcentralized financial system.  

Now, and I may be misreading or not have all of the info here, so I say this based solely on what I have read in this thread:

The way many Byteball holders are responding to the idea of having to take [what will very likely be] a short-term loss in order to expand this opportunity for others is the kind of toxic attitude and thinking that made financial decentralization necessary in the first place.  
The idea that you deserve more of something simply by virtue of having already accumulated a lot before others had a chance to is the very definition of greed.  This is the sort of questionable ethical standard that keeps the average American out of the stock market or college.

Ever since I got into crypto, I have been trying to get my family and friends involved...but their always feel lost or confused by the flood of new information.  But when I explained Byteball to my boyfriend and showed him the wallet, he immediately understood and it MADE SENSE to him.  
The fact that this seems so incredibly unique+simple+userfriendly had me really excited about it when I started researching it.  

It's disheartening to see that many veterans of Byteball would prefer not to let others in on the opportunity.  

However, for those of you who are genuinely abandoning the project...I will VERY HAPPILY take all of your unwanted bits and bytes.  Cheesy
I can provide my FB to prove I'm not just a veteran looking for another way to cash in:  

VCV4CNBCODU3MPGU2D6ROHQIIEQ62FPG

Or just keep selling so I can buy some when I get paid!

But I hope that those who are remaining part of the community appreciate what an awesome project they're a part of, and how many people it could bring into the crypto space.   Smiley

jwinterm
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February 21, 2018, 07:27:53 AM
 #17457

Sorry to intrude on the FUD, but......

I can only speak for myself, but I am in awe of the innovation of blockchain technology.  It offers western society, and the entire world, a decentralized financial system that affords ordinary people significantly more control over their money, and potential to gain wealth.
Speaking as a millennial with thousands of dollars of college debt, who feels disillusioned with our current financial and economic system, yet still clings to the idea of the American dream...I feel like many Byteball veterans have lost sight of the intention behind a DEcentralized financial system.  
...



Byteball is neither blockchain nor decentralized. Good luck with your beg.
Cryptaculara
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February 21, 2018, 08:12:02 AM
 #17458

Sorry to intrude on the FUD, but......

I can only speak for myself, but I am in awe of the innovation of blockchain technology.  It offers western society, and the entire world, a decentralized financial system that affords ordinary people significantly more control over their money, and potential to gain wealth.
Speaking as a millennial with thousands of dollars of college debt, who feels disillusioned with our current financial and economic system, yet still clings to the idea of the American dream...I feel like many Byteball veterans have lost sight of the intention behind a DEcentralized financial system.  
...



Byteball is neither blockchain nor decentralized. Good luck with your beg.

Whether it is blockchain or DAG, or technically constitutes as decentralized, I feel that this project falls under the overall concept of the  decentralized financial system many blockchain enthusiasts hope to achieve.  (Also, you are posting on a forum dedicated to blockchain technology, sooooo.... Huh )

As someone fairly new to this, I will openly admit that I have a lot to learn and may not be as knowledgable as those who have been into this for over a decade...but I do not think one needs to be a computer programer to understand principles of economics, or human behavior. 

But I do appreciate the wishes for luck in my byteball panhandling endeavors.

 



naska21
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February 21, 2018, 08:48:13 AM
 #17459


Tony's main problem is he is a genius coder and designer but is also probably an idealist


He must realize that the dominant position in the coins circulation race    is  not necessarily about who has the best tech, but  rather who has the most efficient strategy for implementation.
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February 21, 2018, 09:20:09 AM
 #17460


Tony's main problem is he is a genius coder and designer but is also probably an idealist


He must realize that the dominant position in the coins circulation race    is  not necessarily about who has the best tech, but  rather who has the most efficient strategy for implementation.


That is the biggest load of .... i've heard. Strategy for implementation is just words on a paper and they mean all of 0.  Its exactly for this kind of mentality people have fears about crypto / alt markets being unsustainable in the long run. 'Investors' expecting to make free money out of projects who have nothing behind them but 'efficient strategy for implementation'. Okay lets agree we all made good money out of crypto last couple of years but do you really see projects being worth in the billions with nothing but strategy and good marketing? Be serious people! Someone needs to take you down a peg or two.

IMO this is a great project and I'm all for it trying to break the mould not falling into the same trap so many other projects have.

Carry on doing what you're doing Tony. Rome wasn't build in a day.
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