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tarmo888
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December 01, 2018, 06:31:50 PM |
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Not sure why these numbers don't match, but 62k is still 9.4% of current circulation supply and 6.2% of total supply. If he did buy 45k as additional for the Lisk Foundation then it's great, at least someone influential believes in Byteball and doesn't come to whine here all the time. Seems they did get more because 2017 report shows more than 2016 https://blog.lisk.io/financial-report-may-2017-ee51f2a6570b |
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jwinterm
Legendary
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Activity: 2884
Merit: 1092
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December 01, 2018, 06:43:40 PM |
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Parsing the semantics of "most" doesn't change the fact that distribution is pretty fukt.
So currently maybe 30-50% of bytes held by scammy ICOs?
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tarmo888
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December 01, 2018, 07:02:58 PM |
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Parsing the semantics of "most" doesn't change the fact that distribution is pretty fukt.
So currently maybe 30-50% of bytes held by scammy ICOs?
Bitcoin airdrop was fukt idea, since Steem attestation, there has been 1 year vesting contract, so if people still sell and somebody hoards them, it is out of Byteball control. Welcome to cryptocurrencies, everybody can do anything with their money. |
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jwinterm
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Activity: 2884
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December 01, 2018, 07:13:53 PM |
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Parsing the semantics of "most" doesn't change the fact that distribution is pretty fukt.
So currently maybe 30-50% of bytes held by scammy ICOs?
Bitcoin airdrop was fukt idea, since Steem attestation, there has been 1 year vesting contract, so if people still sell and somebody hoards them, it is out of Byteball control. Welcome to cryptocurrencies, everybody can do anything with their money. Kind of funny how you call bitcoin coinbase distribution method shitty a few posts ago, but byteball is basically owned by ICOs with a few crumbs now going to account farmers and bot netters, while bitcoin has the widest and truly the fairest distribution of any coin in all likelihood (you can't fake proof of work, you gotta burn to earn). |
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tarmo888
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December 01, 2018, 07:51:02 PM |
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Parsing the semantics of "most" doesn't change the fact that distribution is pretty fukt.
So currently maybe 30-50% of bytes held by scammy ICOs?
Bitcoin airdrop was fukt idea, since Steem attestation, there has been 1 year vesting contract, so if people still sell and somebody hoards them, it is out of Byteball control. Welcome to cryptocurrencies, everybody can do anything with their money. Kind of funny how you call bitcoin coinbase distribution method shitty a few posts ago, but byteball is basically owned by ICOs with a few crumbs now going to account farmers and bot netters, while bitcoin has the widest and truly the fairest distribution of any coin in all likelihood (you can't fake proof of work, you gotta burn to earn). So, go try and earn with mining Bitcoin and let us know how much you got. It is long time ago past the threshold where everybody could participate. |
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jwinterm
Legendary
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Activity: 2884
Merit: 1092
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December 01, 2018, 08:12:05 PM |
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Parsing the semantics of "most" doesn't change the fact that distribution is pretty fukt.
So currently maybe 30-50% of bytes held by scammy ICOs?
Bitcoin airdrop was fukt idea, since Steem attestation, there has been 1 year vesting contract, so if people still sell and somebody hoards them, it is out of Byteball control. Welcome to cryptocurrencies, everybody can do anything with their money. Kind of funny how you call bitcoin coinbase distribution method shitty a few posts ago, but byteball is basically owned by ICOs with a few crumbs now going to account farmers and bot netters, while bitcoin has the widest and truly the fairest distribution of any coin in all likelihood (you can't fake proof of work, you gotta burn to earn). So, go try and earn with mining Bitcoin and let us know how much you got. It is long time ago past the threshold where everybody could participate. There's estimated to be over one million unique miners, 200k on slush pool alone: https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/But you don't need to mine, you can buy, because mining has certain fixed and ongoing costs meaning there's economics behind what miners are willing to sell for. You can talk shit all you want but it's infinitely better than the clusterfuck byteball began as and the new clusterfuck it's morphed into with one guy making it up as he goes along. |
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JesusCryptos
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December 02, 2018, 02:51:58 PM |
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Not sure why these numbers don't match, but 62k is still 9.4% of current circulation supply and 6.2% of total supply. If he did buy 45k as additional for the Lisk Foundation then it's great, at least someone influential believes in Byteball and doesn't come to whine here all the time. Seems they did get more because 2017 report shows more than 2016 https://blog.lisk.io/financial-report-may-2017-ee51f2a6570bInteresting, did anyone investigate, by checking the byteball addresses of those large holders of concurrent projects, if it is them to have constantly dumped bytes over the months? |
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pineapple express
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December 02, 2018, 08:27:46 PM |
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Not sure why these numbers don't match, but 62k is still 9.4% of current circulation supply and 6.2% of total supply. If he did buy 45k as additional for the Lisk Foundation then it's great, at least someone influential believes in Byteball and doesn't come to whine here all the time. Seems they did get more because 2017 report shows more than 2016 https://blog.lisk.io/financial-report-may-2017-ee51f2a6570b17377 GByte in the 1st round. There were 10 rounds. |
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Thul
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Activity: 140
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December 02, 2018, 09:14:43 PM |
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Not sure why these numbers don't match, but 62k is still 9.4% of current circulation supply and 6.2% of total supply. If he did buy 45k as additional for the Lisk Foundation then it's great, at least someone influential believes in Byteball and doesn't come to whine here all the time. Seems they did get more because 2017 report shows more than 2016 https://blog.lisk.io/financial-report-may-2017-ee51f2a6570b17377 GByte in the 1st round. There were 10 rounds.  -------------------------------- I wished that someone would develop a clon that would be consistently oriented towards benefits, i.e. integrate a decentralised, uncensurable marketplace into the project. The currency is distributed through discounts on goods and services sold. Both the dealer and the customer benefit from this. Such a project would quickly become very popular. Something like https://bitify.com/, in contrast to it however censorship resistant and free of charge. Don't none of you know any capable programmers who want to earn a lot of money with a coin project that can finally be used?  |
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tarmo888
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December 02, 2018, 09:48:02 PM
Last edit: December 02, 2018, 11:40:31 PM by tarmo888 |
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Not sure why these numbers don't match, but 62k is still 9.4% of current circulation supply and 6.2% of total supply. If he did buy 45k as additional for the Lisk Foundation then it's great, at least someone influential believes in Byteball and doesn't come to whine here all the time. Seems they did get more because 2017 report shows more than 2016 https://blog.lisk.io/financial-report-may-2017-ee51f2a6570b17377 GByte in the 1st round. There were 10 rounds. shows that XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B had BTC balance 8467.98998896, which at 0.00625 would have been only 52.924937431 GByte. Does anybody still think that Bitcoin airdrop was great distribution or that 1 address equals 1 user? That what happens when you airdrop to addresses without KYC. |
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tyz
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December 03, 2018, 10:57:53 AM |
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I wished that someone would develop a clon that would be consistently oriented towards benefits, i.e. integrate a decentralised, uncensurable marketplace into the project. The currency is distributed through discounts on goods and services sold. Both the dealer and the customer benefit from this. Such a project would quickly become very popular. Something like https://bitify.com/, in contrast to it however censorship resistant and free of charge. Don't none of you know any capable programmers who want to earn a lot of money with a coin project that can finally be used? I doubt that such shops really have a big impact. It's just that the willingness to pay with crypto currencies is low because everyone speculates on it. That's one of the biggest problems of all. You can see it well at Bitcoin. The number of ways to pay with Bitcoin has increased considerably in the last two years, but some shops have already abolished the payment method because there was little interest. Why should it be any different at Byteball? |
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Thul
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December 03, 2018, 12:18:55 PM |
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I wished that someone would develop a clon that would be consistently oriented towards benefits, i.e. integrate a decentralised, uncensurable marketplace into the project. The currency is distributed through discounts on goods and services sold. Both the dealer and the customer benefit from this. Such a project would quickly become very popular. Something like https://bitify.com/, in contrast to it however censorship resistant and free of charge. Don't none of you know any capable programmers who want to earn a lot of money with a coin project that can finally be used? I doubt that such shops really have a big impact. It's just that the willingness to pay with crypto currencies is low because everyone speculates on it. That's one of the biggest problems of all. You can see it well at Bitcoin. The number of ways to pay with Bitcoin has increased considerably in the last two years, but some shops have already abolished the payment method because there was little interest. Why should it be any different at Byteball? A decentralized, non-censurable marketplace should, of course, offer products and services that are not available through the regulated Fiat markets. This is still a real market gap, in the sense of real cryptoanarchists (yes, there should be in the flood of speculators, and in the end they are the ones who give the crypto currencies a value at all). "Because of this, Braun criticizes the emphasis that bitcoin supporters often place on mainstream adoption, arguing that many newcomers within the industry do not share the cryptocurrency’s underlying political ramifications.
“I’m not criticizing that more people use it per se, but they kind of water it down and then the whole revolutionary aspect gets lost,” Braun said."https://www.coindesk.com/crypto-anarchists-are-building-tools-to-resist-the-state-in-eastern-europeThe dream of many Cryptos, like Byteball, to enter the mass market is far from reality (and you recognize this quite rightly). The mass of sheep stays with Fiat and buys further on ebay and amazon with paypal and credit card. Cryptoanarchists (and only they can really do anything with free(!) crypto currencies) are urgently looking for a solution for an unregulated market. The unregulated market is growing exponentially. There you only pay with crypto currencies. Unfortunately, there are so far only centralized solutions that do not cover the full range of possibilities and are expensive and vulnerable. Those who are not as stupid as the Byteball team and align themselves accordingly will have catapulted a clone of this project very quickly into the Top 10. |
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bobq
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I'd like to resume the discussion on the theme of the default unit of Byteball, since Tony has finally made his point on this in the recent AMA session on Reddit, which people can fully read here: https://np.reddit.com/r/ByteBall/comments/9yfbvt/i_am_tony_byteball_founder_and_lead_developer_ask/I had expressed my opinion in June in this post: https://bitcointalk.org/index.php?topic=1608859.msg40547826#msg40547826and this is Tony's opinion as expressed during the AMA: It would be unthinkable for Bitcoin to change their SI base unit, so altcoin changing it would look even more scammy. Imagin Bitcoin changing from BTC to mBTC, priced under dollar and listing total supply as 21 000 000 000 mBTC. People should be educated to read total supply and display units instead.
So, without changing the supply size, everybody (exchange, bot, user) can still decide individually what display unit makes most sense for them. Exchanges have decided for GBYTE, most bots for MBYTE. New user wallets start with Byte, but users can pick anything they like.
Base unit is Byte because on code level, if you want to send amounts, you need to convert amounts into Byte. Same is for Bitcoin satoshi and Ethereum wei. My reply to Tony's statements are the following:1. It would be also unthinkable for Bitcoin to change its name, yet Byteball is just planning to do otherwise and rebrand. To compare Byteball to Bitcoin is useful only if we focus on the technical aspect of both, in which case Byteball can be considered a true peer of Bitcoin, possibly having actually a much better tech. But to extend the comparison to other realms - like brand, adoption rate, etc - it doesn't make any sense because there there's still a true abyss between Bitcoin and Byteball, so what's good for Bitcoin is not at all necessarily good for Byteball. 2. Even though it is theoretically true that "everybody (exchange, bot, user) can still decide individually what display unit makes most sense for them", in the practice this is not true at all. Once again, here we have the big gap between theory and reality, a huge intellectual trap. Coinmarketcap and Exchanges have set the unit standard of GBYTE and now this is the unit 99% of people have in mind when thinking at Byteball. Everyone I know who is aware of Byteball is thinking in terms of Gigabytes. Nobody has a true choice because on mass scale people don't make choices and this is why the science of sociology was born (Gustave Le Bon has put it down already one century ago). Same for "People should be educated, etc.." - sorry my friend, in the history of the world nobody has ever managed to educate A CROWD, and this is why MSM has now been turned into a tool of mass manipulation. You can manipulate a crowd, you cannot educate it. Let's forget the idea of educationg people in thinking in terms of an unit which is different from the one promoted by CMC and Exchanges. And as I've explained more in detail in my June post, to think in terms of Gigabytes means to think in terms of Million of Dollars - that's not how I would design a currency seeking mass adoption. As for the people who are programming bots in MBYTE, they are a little minority of tech guys. 99% of people will stay stuck with the GBYTE unit which was chosen for them. This could result lethal for Byteball adoption. As I've said in June, I don't care about the price, I care about perception and coherency and avoiding cognitive dissonance. To seek mass adoption with a currency which unit is expressed in "million of dollars" by 99% of adopters is sheer cognitive dissonance. Comparing to Bitcoin here it makes no sense because the two coins are not peers due to Bitcoin's huge first mover advantage. A final consideration:While undoubtedly value for a coin is generated in accordance with the principles of Metcalfe's law, we should always keep in mind that there are also other factors beyond adoption which are a cause of value, otherwise neither the Weimer Republik or Zimbawe would have ever experienced hyperinflation. These factors involve causes pertinent to monetary, financial, sociological and psycological sciences, all of which should be taken in consideration when designing a new currency. And when rebranding it and adjusting its path. |
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Thul
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December 03, 2018, 12:43:08 PM |
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And as I've explained more in detail in my June post, to think in terms of Gigabytes means to think in terms of Million of Dollars - that's not how I would design a currency seeking mass adoption.
They may seek mass adoption, but they will not find it. The mass is the wrong target group for free crypto currencies. From the point of view of someone who is only interested in the benefits of this currency, it is irrelevant whether the base is GB, MB or KB. - The only important thing is that you can use it. And an externally visible benefit will also convince the speculators and let them generously overlook small things like the basic unit. |
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PinchClock
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Activity: 36
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December 03, 2018, 01:09:00 PM |
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Trust.Zone, an anonymous VPN service, now accepts payments in Byteball Bytes. Private, secure and anonymous browsing, with a 10% discount for Byte holders! >> https://trust.zone/ <<
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Thul
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Activity: 140
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December 03, 2018, 01:15:59 PM |
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Trust.Zone, an anonymous VPN service, now accepts payments in Byteball Bytes. Private, secure and anonymous browsing, with a 10% discount for Byte holders! >> https://trust.zone/ << KYC Byteball sheep do not need anonymous VPN service. |
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whotheff
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December 03, 2018, 01:29:17 PM |
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Trust.Zone, an anonymous VPN service, now accepts payments in Byteball Bytes. Private, secure and anonymous browsing, with a 10% discount for Byte holders! >> https://trust.zone/ << KYC Byteball sheep do not need anonymous VPN service. This service has to be in the Ann thread! Not that many things are tradeable with Byteball. Has anyone tried it? |
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tarmo888
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December 03, 2018, 05:59:28 PM
Last edit: December 03, 2018, 07:44:38 PM by tarmo888 |
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I'd like to resume the discussion on the theme of the default unit of Byteball, since Tony has finally made his point on this in the recent AMA session on Reddit, which people can fully read here: https://np.reddit.com/r/ByteBall/comments/9yfbvt/i_am_tony_byteball_founder_and_lead_developer_ask/I had expressed my opinion in June in this post: https://bitcointalk.org/index.php?topic=1608859.msg40547826#msg40547826and this is Tony's opinion as expressed during the AMA: It would be unthinkable for Bitcoin to change their SI base unit, so altcoin changing it would look even more scammy. Imagin Bitcoin changing from BTC to mBTC, priced under dollar and listing total supply as 21 000 000 000 mBTC. People should be educated to read total supply and display units instead.
So, without changing the supply size, everybody (exchange, bot, user) can still decide individually what display unit makes most sense for them. Exchanges have decided for GBYTE, most bots for MBYTE. New user wallets start with Byte, but users can pick anything they like.
Base unit is Byte because on code level, if you want to send amounts, you need to convert amounts into Byte. Same is for Bitcoin satoshi and Ethereum wei. What are you quoting is my opinion, not Tony's. OP on Reddit is the one who has the microphone icon behind their user handle. User who asked a question about unit sizes never got a reply from Tony, so I answered to 1 of 3 questions that this user asked. Their other 2 questions were in form of "When?", which I guess why they didn't get answered. Since you missed that and trimmed first part of my answer, I am guessing you didn't get what I wrote you, so here same answer told in different way (maybe makes more sense): GBYTE and BTC are the units that exchanges have decided to you and that's what is on CMC and it's this unit because that's how total supply is defined. Bitcoin decided for 21 million BTC and Byteball decided 1 million GBYTE. If you would change that unit on CMC to MByte, you would need to change the unit for total supply, so 1 000 000 GBYTE to 1 000 000 000 MBYTE. That would make Byteball to have 1 billion supply, which automatically would look shitty for some users because Bitcoin only has 21 million supply. But those who argue that price looks expensive, doesn't understand that it is normal to have higher price if supply is small. Another thing you do not understand, it is up to exchanges and app developers to choose which unit they want to use, that makes most sense for them and their users. Bitcoin has thought about that, Litecoin too, many good Bitcoin wallets even have an option to change the units in the wallet the same way like Byteball does. Some cryptocurrencies like Nano have not even thought about it yet, so they are wondering if they should change it now because it is not user-friendly for users to pay in amounts that have decimal places. https://www.reddit.com/r/nanocurrency/comments/9zqr03/weekend_discussion_shifting_the_decimal_place/Good Bitcoin wallets and Byteball wallet doesn't have to do that, this feature is already built-in. Changing a base SI unit would be step backwards into 90s, that is not how the units displaying should work. If you would be developer then you would understand that Byteball works the same as Bitcoin and Ethereum, in code you use only bytes, like on Bitcoin you use satoshis and on Ethereum you use wei. This enables the dapp or bot developer to let users decided what is the unit displayed on UI. It is not feasible to change the ticker on CMC every time price reaches some level and then drops to some other level. GBYTE is only default for CMC and existing exchanges, it is not default in any other way. And it's not about what is default, GBYTE, BTC is the unit in which the supply is defined, changing that will change how supply is displayed too. |
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DVRSX CEO
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December 03, 2018, 06:10:26 PM |
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Interesting concept. Good to see something new and innovative, not just the same thing over and over. Interested to see how this project does in a few months time.
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