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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226962 times)
tarmo888
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November 30, 2018, 07:24:19 PM
 #21041

The project idea is excellent. That's why I'm still here.
Only the team shines with arrogance and ignorance and an absurd misjudgement of reality.

This is no coincidence:
"Byteball Bytes price equal to 27.942 USD at 2018-11-30, but your current investment may be devalued in the future."
https://walletinvestor.com/forecast/byteball-bytes-prediction

Regularly the project could already be in the top 10 - if some maniacs didn't have the control.

The fact that you still quote WalletInvestor means that you don't know what you are talking about and you don't know how that site works. Here is what that site thinks about Ethereum:
Quote
Will Ethereum price drop / fall?
Yes. The price of Ethereum may drop from 114.272 USD to 0.000001 USD. The change will be -100.00%.
https://walletinvestor.com/forecast/ethereum-prediction
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tarmo888
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November 30, 2018, 07:49:08 PM
Last edit: November 30, 2018, 08:24:29 PM by tarmo888
 #21042

1. Russophobia? LoL Smiley Hell no! It's the sentence just sounds hilarious in my native language (imagine Arnold Schwarzenegger saying it Cheesy). Please excuse me if my sense of humor offends you.

2. Yes, you can distribute the coin evenly without creating (lazy) whales
I'm new to this coin. I opened the BTC talk thread and red the first page. Did not see any bounties.
Installed the wallet, saw there were some bots, verified my e-mail. and got some Byteballs (the claim was $10 worth, but i actually got $0.01).
Then i started mining and searching for a way to acquire more of it. I found what a witness is, I found there are nodes, but you get nothing for running them.
Plus, they require some Linux skills. Then i started asking questions. Thanks to the people here (and also you) I learned more. I was amazed how a simple wallet can accomodate hybrid coin which has both: a regular coin, mineable via WCG (where you also help anti-cancer research) and an Anonymous equivalent. Then you add automatic bots which work very well plus high speed of transactions (seconds!). I started wondering why it is not famous!?

Then i visit the last topic and it says there that you have to KYC to obtain coins. I see no clear vision for development and no action plan. So i suggested ways for people to be paid for spreading the coin. My intention is to help it grow.

I'm also interested in other coins and i monitor their progress for a long time. I can see this coin work by creating a lot of bounties for it (translations of: wallet, whitepaper, BTC talk tread, articles, videos, twitter posts, signature bounties you name it!), spreading the news among CPU mineable forums, threads is a must. Creating an exchange will boost things a lot. Creating a real-world use for the coin will shoot it sky-high.  How to avoid script kiddies to create thousands of wallets and just wait for the drop? By making them earn those coins! In other cryptos they had the same problem. Referral bonus was high, so they got thousands of fake referrals. How did they fight that: 1 week delay before referral payment, so they can check for scam. They were sifting them manually until one day they implemented AI bot to do this and since then it runs flawlessly.

All this means there are ways to do it right, just use the carrot.


If you said that you were suppose to get $10 with email attestation then it would mean that you are Estonian or e-resident of Estonia or from Harvard University (I doubt). I speak Estonian and that Russophobic your mama joke doesn't sound funny in Estonian, not even when Arnold Schwarzenegger would say it.

Read the whitepaper again, witnesses get commissions, but the price is so low that it is not yet profitable. Bitcoin full nodes don't get payed either, only miners do. Mining is a shitty method to distribute coins, Bitcoin does it because they need to secure the network anyways like that. Byteball doesn't have mining (WCG is not mining, just reward for doing something good). You run a full node when you need it for your business, nobody runs a full node for profit. If you want to help the network then you should be running a relay (full node which accepts incoming connections). You can ask money for running a Hub and give access to that Hub only to people who pay for it or ask donations. But if you are running some business that uses Byteball then it's like any server costs, earning money with it doesn't have to be written into the platform. Build useful bots that people would pay money for.

You do NOT need to do KYC to obtain coins. In your response you gave examples how to get the coins with WCG (that's already one way how to get bytes without KYC, sign up with any disposable email). There is clear vision of development and action plan, i think you are not following newsletter or blog https://medium.com/byteball
There is translation bounties, but via Utopian.io because people just Machine Translated everything, so Byteball switched to more reliable community of translators. Also, translations are really small part of distribution, you can't just distribute everything to translators.
There was Twitter and Bitcointalk bounties for Byteball, but everybody hated them because these were mostly spam from same people (you still don't understand that if you are anonymous then 1 address doesn't equal 1 user).
There was also Youtube competition long time ago and writers competition recently https://www.reddit.com/r/ByteBall/comments/9ud8j5/writers_wanted_new_byteball_contest/
There is Telegram faucet for Byteball that got destroyed by script kiddies.

I think you need to learn more about Byteball. Byteball referral systems are improving with every new distribution method, it used to be that you just needed to link with Bitcoin address (again 1 address doesn't equal 1 user), but now there is 1 year vesting (delayed referral payment with smart-contract - no need for AI) on new distributions. Also, it used to be that you needed to send other person bytes to become a referral, now there is possible to scan a QR code or visit referral link or copy-paste a referral code. Also, there is now smart-vouchers, which act as referrals too.
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December 01, 2018, 10:52:03 AM
 #21043

The Byteball Platform - Thoughts on a Rebrand

Greetings Byteball Community and Team.

My apologies for such a long post, and a re-post from our Reddit thread, but I felt some may not see it otherwise and that a full explanation was in order...

It's been a long time since I've posted ...


Great post and kudos to you for seeing cancelling the airdrop fully was a mistake, I didn't see it at the time but now have to admit it would have been better to drastically reduced airdrops over time instead.

Good for you u got out and missed the largest drop in price.

Happy to see ppl like you join the project again, I would not sell your domains for small profit but instead keep them, and keeping the power that comes with it if the names you propose get adopted, crypto is supposed to be decentralised in different ways, domain name ownership being one of them.

Thanks so much for all your contributions.

Early Bitcoin, Byteball & Bitcoin Cash Investor. Loving Voluntarysm, Lambos & Girls Wink
Check out my: https://youtube.com/user/Marcdemesel - https://twitter.com/marcdemesel & https://instagram.com/marc_de_mesel
pineapple express
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December 01, 2018, 01:58:42 PM
 #21044

I had a hunch: Only those who drop their pants (KYC) are allowed to play along.  Grin

Do you have any actually ideas how to distribute coins so whales don't get it (whale can be any script-kiddie who finds a loophole). Nobody wants a coin, where most of it is owned by whales, that is no way different than fiat currencies. Why are you even here, Byteball clearly doesn't fit with what you want, go buy some Monero.
most of balls already owned by Max Kordek
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December 01, 2018, 02:43:51 PM
 #21045

I had a hunch: Only those who drop their pants (KYC) are allowed to play along.  Grin

Do you have any actually ideas how to distribute coins so whales don't get it (whale can be any script-kiddie who finds a loophole). Nobody wants a coin, where most of it is owned by whales, that is no way different than fiat currencies. Why are you even here, Byteball clearly doesn't fit with what you want, go buy some Monero.
most of balls already owned by Max Kordek

Why do you need to spread FUD all the time? Do you even know what "most" means?

Max Kordek (or actually Lisk Foundation) owns 17 377.989853045 GByte, the circulating supply of Byteball is currently 662 811 GByte (probably because Byteball Foundation bytes are not in circulation yet), which makes Lisk Foundation share to be 2.6% of circulating supply.
Total supply of Byteball is 1 000 000, which makes Lisk Foundation to own 1.7% of total supply.
Does 2.6% or 1.7% look like "most" to you?

Are you also one of those who doesn't understand that 1 address doesn't equal 1 user? There could be easily somebody who has more bytes than Lisk Foundation because the airdrop to BTC users, but it would still not be "most", which means over 50%.

https://blog.lisk.io/financial-report-2016-7e68cdd13b12
https://coinmarketcap.com/currencies/byteball/
http://transition.byteball.org/
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December 01, 2018, 04:13:18 PM
 #21046

Did any large ICOs participate in the air drop that weren't from Russia? Or were waves and lisk the only known ICOs to participate?
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December 01, 2018, 05:19:09 PM
Last edit: December 01, 2018, 05:33:39 PM by pineapple express
 #21047

Quote
Max Kordek (or actually Lisk Foundation) owns 17 377.989853045 GByte
You continue to demonstrate your ignorance
https://blog.lisk.io/financial-report-2016-7e68cdd13b12 Dec 31, 2016
https://explorer.byteball.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B  62242 GByte Dec 1, 2018

Quote
Did any large ICOs participate in the air drop that weren't from Russia? Or were waves and lisk the only known ICOs to participate?
Iconomi and Komodo at least
With an ICONOMI balance of 6900 BTC, ICONOMI’s stake in the first distribution of bytes represents 9.766% of initial distribution, making it the second largest participant. https://medium.com/iconominet/iconomi-acquires-9-766-of-byteball-initial-distribution-free-of-charge-cd9c4a5d49ac
Komodo gets more funding through #Byteball snapshot https://twitter.com/komodoplatform/status/807641366713028608

tarmo888
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December 01, 2018, 06:31:50 PM
 #21048

Quote
Max Kordek (or actually Lisk Foundation) owns 17 377.989853045 GByte
You continue to demonstrate your ignorance
https://blog.lisk.io/financial-report-2016-7e68cdd13b12 Dec 31, 2016
https://explorer.byteball.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B  62242 GByte Dec 1, 2018

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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December 01, 2018, 06:43:40 PM
 #21049

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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December 01, 2018, 07:02:58 PM
 #21050

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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December 01, 2018, 07:13:53 PM
 #21051

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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December 01, 2018, 07:51:02 PM
 #21052

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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December 01, 2018, 08:12:05 PM
 #21053

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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December 02, 2018, 02:51:58 PM
 #21054

Quote
Max Kordek (or actually Lisk Foundation) owns 17 377.989853045 GByte
You continue to demonstrate your ignorance
https://blog.lisk.io/financial-report-2016-7e68cdd13b12 Dec 31, 2016
https://explorer.byteball.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B  62242 GByte Dec 1, 2018

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

Interesting, 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?

⚪ Byteball          I T   J U S T   W O R K S .  
Sending Crypto to Email   -   Risk-Free Conditional Smart Payments   -   ICO Platform with KYC
ANN THREAD                  TELEGRAM                     TWITTER                  MEDIUM                  SLACK                  REDDIT
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December 02, 2018, 08:27:46 PM
 #21055

Quote
Max Kordek (or actually Lisk Foundation) owns 17 377.989853045 GByte
You continue to demonstrate your ignorance
https://blog.lisk.io/financial-report-2016-7e68cdd13b12 Dec 31, 2016
https://explorer.byteball.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B  62242 GByte Dec 1, 2018

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
17377 GByte in the 1st round. There were 10 rounds.
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December 02, 2018, 09:14:43 PM
 #21056

Quote
Max Kordek (or actually Lisk Foundation) owns 17 377.989853045 GByte
You continue to demonstrate your ignorance
https://blog.lisk.io/financial-report-2016-7e68cdd13b12 Dec 31, 2016
https://explorer.byteball.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B  62242 GByte Dec 1, 2018

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
17377 GByte in the 1st round. There were 10 rounds.
Grin

--------------------------------
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?  Cool
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December 02, 2018, 09:48:02 PM
Last edit: December 02, 2018, 11:40:31 PM by tarmo888
 #21057

Quote
Max Kordek (or actually Lisk Foundation) owns 17 377.989853045 GByte
You continue to demonstrate your ignorance
https://blog.lisk.io/financial-report-2016-7e68cdd13b12 Dec 31, 2016
https://explorer.byteball.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B  62242 GByte Dec 1, 2018

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
17377 GByte in the 1st round. There were 10 rounds.

http://transition.byteball.org/ 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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December 03, 2018, 10:57:53 AM
 #21058

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?  Cool

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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December 03, 2018, 12:18:55 PM
 #21059

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?  Cool

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-europe

The 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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December 03, 2018, 12:25:25 PM
Merited by Kavallo (5), altcoinb (1)
 #21060

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#msg40547826

and this is Tony's opinion as expressed during the AMA:

Quote
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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