Now what about a dev fund? I don't think that the 1% is apart of a dev fund and I don't think it should be, if Tony builds this up he deserves that 1% as his reward for building this system.
Tony distributes 98%, keeps 1%, and that leaves 1% remaining. I assume that is for future developments.
- 98% of all bytes and blackbytes (the private untraceable currency) will be distributed among bitcoin holders who link their bitcoin and byteball addresses before any of the distribution rounds. No investment required, you keep your bitcoins, plus receive the bytes and blackbytes. See below how to receive the coins.
- 1% I reserve for myself
What strikes me as a bit weird is that some rich Bitcoin-holders get more than Tony himself, just for linking an address. For example:
http://transition.byteball.org/ shows an address with 9992.30838103 Bitcoin balance, it gets 7.3304 % of all bytes. More than 7 times more than the developer gets for doing all the work.
This doesn't really fit Tony's idea:
I want Byteball to be in the hands of as many people as possible
Unfortunately, I can't think of any way to prevent this. Limiting the maximum balance doesn't help, the Bitcoins could just as easily be spread out over multiple addresses.
I vote that an extra 1% or even 2% of the currency is withheld for the sole purposes of development outside of Tony's contributions.
This would be for other developers/bounties/etc. that Tony leads.
Basically that turns Tony into an employer/CEO. Would that be something he wants?
The fund would allow Tony to eventually start getting more people on board.
You do have a point here. If I search on Google: "who pays Bitcoin developers", the
first hit I get says "Funding Bitcoin development seems to have always been problematic".
If Byteball can prevent this by reducing the community's share from 98 to 97%, I'd say go for it!
