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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164621 times)
tarmo888
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November 05, 2018, 07:15:24 AM
 #20821

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this makes that 22% is still left to distribute. Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.


22% of coin supply distributed as a final new year moon drop, then Tony exits into the background to enjoy his hard-earned 1% and concentrate on dev work, leaving foundation to assist community members in further promotion activities and spreading adoption. That would put byteball back in top50 almost immediately!

And then what? Moon drops are over, already over half were distributed like that, if they waste the rest of 22% by giving it away like that then they don't have funds to reward newcommers anymore. Everybody suggesting more moon drop like distribution are thinking about getting themselves richer, not about mass adoption, which is the goal. What's the point of having more bytes if there is no users. That's why Bitcoin doesn't distribute everything at once either, but it's distributed over 100 years.
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pineapple express
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November 05, 2018, 07:27:46 AM
 #20822

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this makes that 22% is still left to distribute. Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.


22% of coin supply distributed as a final new year moon drop, then Tony exits into the background to enjoy his hard-earned 1% and concentrate on dev work, leaving foundation to assist community members in further promotion activities and spreading adoption. That would put byteball back in top50 almost immediately!

And then what? Moon drops are over, already over half were distributed like that, if they waste the rest of 22% by giving it away like that then they don't have funds to reward newcommers anymore. Everybody suggesting more moon drop like distribution are thinking about getting themselves richer, not about mass adoption, which is the goal. What's the point of having more bytes if there is no users. That's why Bitcoin doesn't distribute everything at once either, but it's distributed over 100 years.
distribution to steem shitposters doesn't help to adoption. Show me merchants who joined after steem or wcg distribution. (Sigh) 99% of the merchants joined in time of bitcoin distribution. Milano enthusiast joined with help a bitcoin distribution.
Your team is the anchor around byterbal neck.
tarmo888
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November 05, 2018, 07:48:13 AM
 #20823

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this makes that 22% is still left to distribute. Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.


22% of coin supply distributed as a final new year moon drop, then Tony exits into the background to enjoy his hard-earned 1% and concentrate on dev work, leaving foundation to assist community members in further promotion activities and spreading adoption. That would put byteball back in top50 almost immediately!

And then what? Moon drops are over, already over half were distributed like that, if they waste the rest of 22% by giving it away like that then they don't have funds to reward newcommers anymore. Everybody suggesting more moon drop like distribution are thinking about getting themselves richer, not about mass adoption, which is the goal. What's the point of having more bytes if there is no users. That's why Bitcoin doesn't distribute everything at once either, but it's distributed over 100 years.
distribution to steem shitposters doesn't help to adoption. Show me merchants who joined after steem or wcg distribution. (Sigh) 99% of the merchants joined in time of bitcoin distribution. Milano enthusiast joined with help a bitcoin distribution.
Your team is the anchor around byterbal neck.

Steem and WCG distributions are so small compared to how much was wasted with moon drops. So, where are those HODLers now? Are they still using Byteball? Do they still have bytes or they just sold them to buy more BTC, so they could get more bytes with next moon drop, so they could sell it to buy more BTC again, and so on. Bitcoin distribution didn't work and that's why it was discontinued. Better distribution methods are available now, which engage unique users and distribution will take lot more time, which is better (for mass adoption) in long run.
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November 05, 2018, 07:55:23 AM
 #20824

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this makes that 22% is still left to distribute. Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.


22% of coin supply distributed as a final new year moon drop, then Tony exits into the background to enjoy his hard-earned 1% and concentrate on dev work, leaving foundation to assist community members in further promotion activities and spreading adoption. That would put byteball back in top50 almost immediately!

And then what?

The distro is finished, tony concentrates on dev work ... byteball becomes a shit load more decentralized, adoption is driven by motivated community members (the ones who left and/or became disillusioned when distro rules changed) working with funded foundation.
tarmo888
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November 05, 2018, 08:04:55 AM
 #20825

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this makes that 22% is still left to distribute. Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.


22% of coin supply distributed as a final new year moon drop, then Tony exits into the background to enjoy his hard-earned 1% and concentrate on dev work, leaving foundation to assist community members in further promotion activities and spreading adoption. That would put byteball back in top50 almost immediately!

And then what?

The distro is finished, tony concentrates on dev work ... byteball becomes a shit load more decentralized, adoption is driven by motivated community members (the ones who left and/or became disillusioned when distro rules changed) working with funded foundation.

And that will slow the adoption down even more because instead of getting some bytes for free, users need to go get the bytes from exchange. Right now, they can use many features without having to sign up to any exchange. That's why smart voucher system is great, they can get started with the help of the referrer and get started. They could even attest their identity without any bytes, so they could buy bytes cheaper with credit card. Requiring new users to go to exchanges is not a great plan for adoption. Crypto-fanatics are ok with exchanges, but one day, your parents and relatives won't even know that cryptocurrency had that kind of shitty user experience https://twitter.com/FedericoTenga/status/1058316647289798656
Thul
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November 05, 2018, 08:26:37 AM
 #20826

Adoption can only be achieved by a product that can also be used.
The first step would have been to ensure the usability of the product.

In the consequence then a meaningful distribution, which orients itself exactly at this use. Distribution therefore only to those who take part in economic processes, purchase and sale of goods and services against bites. Of course in a market segment which was created for Cryptos: the unregulated market.

The current distribution does not distribute anything. The receivers of the free Bites exchange these with next opportunity again in Fiat (or forget/loose them).
Who will be the buyer of these bites, with continuously falling prices of course? Exactly! The hardcore sectarians. There everything accumulates... until they also lose faith.

"Byteball Bytes price equal to 45.582 USD at 2018-11-05, but your current investment may be devalued in the future. "
https://walletinvestor.com/forecast/byteball-bytes-prediction
tarmo888
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November 05, 2018, 08:40:35 AM
 #20827

Adoption can only be achieved by a product that can also be used.
The first step would have been to ensure the usability of the product.
There is nothing that's stops anybody using Byteball now. You could have said something like that when there was no iOS app, but this is not the case anymore. Usability is an ongoing process, which needs to be worked on all the time, that's why there needs to be a fund for development and that's what Byteball Fountation has done. There used to be one dev, now there is more.

In the consequence then a meaningful distribution, which orients itself exactly at this use. Distribution therefore only to those who take part in economic processes, purchase and sale of goods and services against bites. Of course in a market segment which was created for Cryptos: the unregulated market.
This is your wet dream and not where mass-adoption will come, but nobody stops you from building stuff on that part of the Byteball features, so go ahead, start as many shady marketplaces as you want.

The current distribution does not distribute anything. The receivers of the free Bites exchange these with next opportunity again in Fiat (or forget/loose them).
Who will be the buyer of these bites, with continuously falling prices of course? Exactly! The hardcore sectarians. There everything accumulates... until they also lose faith.
Not exactly, all new distributions lock half of the reward to smart-contract, so they can't sell everything at once, which they were able to do with moondrops. If they loose them then it means that there is even smaller circulation and what you own is worth more.
bitcampaign
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November 05, 2018, 08:50:30 AM
 #20828

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this makes that 22% is still left to distribute. Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.
meanwhile Max Kordek ceo of lisk own the biggest individual byterbal wallet Cheesy

seriously, do you see how to get a link to see their wallet or one of them from Max Kordek, I know about the LISK project, I think it is also good news when many big people hold BYTEBALL too
pineapple express
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November 05, 2018, 09:02:21 AM
 #20829

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this makes that 22% is still left to distribute. Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.
meanwhile Max Kordek ceo of lisk own the biggest individual byterbal wallet Cheesy

seriously, do you see how to get a link to see their wallet or one of them from Max Kordek, I know about the LISK project, I think it is also good news when many big people hold BYTEBALL too
https://explorer.byteball.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B?asset=bytes  62242 gbyte.
https://blog.lisk.io/financial-report-2016-7e68cdd13b12
Thul
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November 05, 2018, 09:29:45 AM
 #20830

Whales are completely useless for the development of a currency. They have the opposite effect.

The distribution was and is a disaster.
tarmo888
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November 05, 2018, 09:42:06 AM
 #20831

Whales are completely useless for the development of a currency. They have the opposite effect.

The distribution was and is a disaster.

So, super confusing now, which does make sense then? Distributing large amounts to few people at once (Bitcoin moon drops) or distributing small amounts to lot of people over long period (attestation and referral rewards for various attestation bots)?
pineapple express
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November 05, 2018, 09:59:05 AM
Last edit: November 05, 2018, 10:12:14 AM by pineapple express
 #20832

Whales are completely useless for the development of a currency. They have the opposite effect.

The distribution was and is a disaster.

So, super confusing now, which does make sense then? Distributing large amounts to few people at once (Bitcoin moon drops) or distributing small amounts to lot of people over long period (attestation and referral rewards for various attestation bots)?
You are confused because you are toxic. You don't want to see anything outside of your little echo chamber.
Distributing small amounts to lot of people (Bitcoin moon drops) and distributing small amounts to byterbal holders. The last will allow to retain the community and increasing the network effect, until more use cases will come. Then when people will use and love this coin they will have less reasons for changing it on another money, you can remove this method.
The fact that you put coins in contracts absolutely nothing changes. You do not build an economy, do not increase the network effects. You simply create deferred selling pressure.
You replaced bitcoiners, the largest and most influential community, to steemeans... shitposters board, full of bots, with abandoned coin. And you enjoy it. You are simply inadequate.
This coin deserves its fate.
Thul
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November 05, 2018, 10:14:23 AM
 #20833

Sectarians tend to go around the world with activated perception filters.
They see and hear only what they want.

One of them asks what a better distribution could look like, but the answer is a few posts above... and in many contributions of the past.
Arrogance and ignorance.

As a reminder:
"Adoption can only be achieved by a product that can also be used.
The first step would have been to ensure the usability of the product.


In the consequence then a meaningful distribution, which orients itself exactly at this use. Distribution therefore only to those who take part in economic processes, purchase and sale of goods and services against bites. Of course in a market segment which was created for Cryptos: the unregulated market."
sesiah
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November 05, 2018, 10:21:30 AM
 #20834

Sectarians tend to go around the world with activated perception filters.
They see and hear only what they want.

One of them asks what a better distribution could look like, but the answer is a few posts above... and in many contributions of the past.
Arrogance and ignorance.

As a reminder:
"Adoption can only be achieved by a product that can also be used.
The first step would have been to ensure the usability of the product.


In the consequence then a meaningful distribution, which orients itself exactly at this use. Distribution therefore only to those who take part in economic processes, purchase and sale of goods and services against bites. Of course in a market segment which was created for Cryptos: the unregulated market."
well said man and that is true to a great extent, unless a project has that infrastructures and products that call for its demand and used, it can never be well distributed, and studying the market is important too.
tarmo888
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November 05, 2018, 10:25:38 AM
 #20835

Whales are completely useless for the development of a currency. They have the opposite effect.

The distribution was and is a disaster.

So, super confusing now, which does make sense then? Distributing large amounts to few people at once (Bitcoin moon drops) or distributing small amounts to lot of people over long period (attestation and referral rewards for various attestation bots)?
You are confused because you are toxic. You don't want to see anything outside of your little echo chamber.
Distributing small amounts to lot of people (Bitcoin moon drops) and distributing small amounts to byterbal holders. The last will allow to retain the community and increasing the network effect, until more use cases will come. Then when people will use and love this coin they will have less reasons for changing it on another money, you can remove this method.
The fact that you put coins in contracts absolutely nothing changes. You do not build an economy, do not increase the network effects. You simply create deferred selling pressure.
You replaced bitcoiners, the largest and most influential community, to steemeans... shitposters board, full of bots, with abandoned coin. And you enjoy it. You are simply inadequate.
This coin deserves its fate.

What small amounts and what "lot of people" are you talking about? http://transition.byteball.org

70 000 BTC was linked to 70 000 addresses. Every address is not a unique user, 65% of all circulation was distributed.

Already 20 000 actual real people have got 20usd worth of bytes while they needed to spend 8 usd, so what those Steem users got is peanuts compared to moon drops https://byteball.co/attestors

Byteball has around 1000 active users daily and you think that it should distribute the rest of 22% with this same shitty method that has got it to 1000 active users? Where are all those 70 000 Bitcoin addresses (not users) who should be using Byteball at the moment?
tarmo888
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November 05, 2018, 10:29:21 AM
 #20836

Sectarians tend to go around the world with activated perception filters.
They see and hear only what they want.

One of them asks what a better distribution could look like, but the answer is a few posts above... and in many contributions of the past.
Arrogance and ignorance.

As a reminder:
"Adoption can only be achieved by a product that can also be used.
The first step would have been to ensure the usability of the product.


In the consequence then a meaningful distribution, which orients itself exactly at this use. Distribution therefore only to those who take part in economic processes, purchase and sale of goods and services against bites. Of course in a market segment which was created for Cryptos: the unregulated market."
well said man and that is true to a great extent, unless a project has that infrastructures and products that call for its demand and used, it can never be well distributed, and studying the market is important too.

Byteball has more infrastructure than many other cryptocurrencies - have you even see what you can do with the wallet?
Byteball is lacking user adoption because of 50% bytes were dropped to address who didn't convert to users.
pineapple express
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November 05, 2018, 11:10:24 AM
Last edit: November 05, 2018, 12:00:12 PM by pineapple express
 #20837

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What small amounts and what "lot of people" are you talking about? http://transition.byteball.org

I say that the distribution should have been reduced to small amounts, not that it was small amounts.

Quote
Byteball has around 1000 active users daily and you think that it should distribute the rest of 22% with this same shitty method that has got it to 1000 active users? Where are all those 70 000 Bitcoin addresses (not users) who should be using Byteball at the moment?

They gone, because Tony removed airdrop to balls holders before the network got use cases to support needs of all these holders. They gone, because Tony removed the only reason of hold. Removed and not replaced.

Bob - i have a balls, i hold it because every moon i get more balls. It increasing my purchasing power. I want to become millionaire someday.
Alisa - i have bitcoins, i hold it because i want to become millionaire someday. Many merchants around me accept bitcoins so i can hold my value in bitcoin, increase my purchasing power and spend money without extra frictions.
.....
Tony comes to Bob - am remove moon drops.
Bob - Why to hold? Where i can spend my balls?
Tony - new bot, steem shitposters can verify their shit accounts.
Bob - Why to hold? Any merchants?
Tony - new bot, now you can verify your mail....
Bob -  Tony, looks like you made a mistake removing airdrop. No reasons to hold.
Tony - new bot, quiz bot. Solve a quiz and win 2 cents.
Bob  - Tony stop ignoring the community, am going to sell this shit.
...........
70 000 Bobs gone



Thul
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November 05, 2018, 11:34:05 AM
 #20838

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What small amounts and what "lot of people" are you talking about? http://transition.byteball.org

I say that the distribution should have been reduced to small amounts, not that it was small amounts.

Quote
Byteball has around 1000 active users daily and you think that it should distribute the rest of 22% with this same shitty method that has got it to 1000 active users? Where are all those 70 000 Bitcoin addresses (not users) who should be using Byteball at the moment?

They gone, because Tony removed airdrop to balls holders before the network got use cases to support needs of all these holders. They gone, because Tony removed the only reason of hold.
I have been waiting for more than a year to sell my products for bites/blackbites. But there is still no marketplace for it, and such a marketplace is probably not yet in sight.
I strongly doubt that this is the direction in which they are thinking at all.
Thul
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November 05, 2018, 11:52:32 AM
 #20839

Twitter:
"(Japanese post) Byteball news in #Japanese for our growing community in #Japan "

Nothing's growing at all.
If something were to grow there, the price would also rise. But it can't, because the currency have no value.
pineapple express
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November 05, 2018, 12:03:04 PM
 #20840

Quote
What small amounts and what "lot of people" are you talking about? http://transition.byteball.org

I say that the distribution should have been reduced to small amounts, not that it was small amounts.

Quote
Byteball has around 1000 active users daily and you think that it should distribute the rest of 22% with this same shitty method that has got it to 1000 active users? Where are all those 70 000 Bitcoin addresses (not users) who should be using Byteball at the moment?

They gone, because Tony removed airdrop to balls holders before the network got use cases to support needs of all these holders. They gone, because Tony removed the only reason of hold.
I have been waiting for more than a year to sell my products for bites/blackbites. But there is still no marketplace for it, and such a marketplace is probably not yet in sight.
I strongly doubt that this is the direction in which they are thinking at all.
Yeah airdrop to OB merchants and users with balls or even black balls integration would be sweet. Purse integration would be nice as well.
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