Obyte: Totally new consensus algorithm + private untraceable payments

[ChainSmoker]

Also, what's wrong with the new rules?

Airdrops are no more valuable to bitcoin holders so all big whales are dumping it.Forget price recover,hell it won't go 0.15 btc price ever.

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[finamathmatics]

Also, what's wrong with the new rules?

Airdrops are no more valuable to bitcoin holders so all big whales are dumping it.Forget price recover,hell it won't go 0.15 btc price ever.

We need a very important announcement, a partner with big balls. If this happen, we can go to recover 0.20 Btc.

[aaron2024]

Also, what's wrong with the new rules?

Airdrops are no more valuable to bitcoin holders so all big whales are dumping it.Forget price recover,hell it won't go 0.15 btc price ever.

Wouldn't it make more sense to hold it, since it's the only source of GBYTE from now on?

[s1lverbox]

I knew this would happen.I sold all my gbyte @ 0.16 btc/gbyte when OP announced the new distribution rules.   i doubt the price will recover now.Byteball is dead.

Never seen such a fudster like u before.

Show us proof u had any Gb and u sold for 0.16
I bet it was like 3 or so.

Bitcoin was dead over 100 times, but who cares anyway. Go to iota thread and try your luck there.

[European Central Bank]

Airdrops are no more valuable to bitcoin holders so all big whales are dumping it.Forget price recover,hell it won't go 0.15 btc price ever.

in the long run this change of distribution was necessary and will be seen as a good thing. it was ridiculous to be nothing but freegiftcoin. it needs to start earning its keep. some people will no doubt fold but it's one of the best coins in terms of ui and there's some proper vision behind it.

there's still no shortage of room to carry on going down all the same.

[matt4054]

IMHO, massively reducing the money supply while still maintaining a decent 10:1 for GB holders can only help the coin in the long run. The price talk shouldn't belong to this thread though, but I'm talking about the distribution in general. Reducing the share of BTC holders is a wise move.

[ChainSmoker]

I knew this would happen.I sold all my gbyte @ 0.16 btc/gbyte when OP announced the new distribution rules.   i doubt the price will recover now.Byteball is dead.

Never seen such a fudster like u before.

Show us proof u had any Gb and u sold for 0.16
I bet it was like 3 or so.

Bitcoin was dead over 100 times, but who cares anyway. Go to iota thread and try your luck there.

There a thing called 'privacy'.i don't have to prove anything.This is a 'free forum'.Anyone can post their views.This is not FUD but the truth.Bitcoin wasn't dead and never will be but byteball is.
Here is my post from August 7

To be honest this is the worst decision and it sucks.Price of byteball will fall now.I am out and dumping my gbytes now

I dumped by Gbytes that day.I guess you missed that price.Sorry for you

[CryptoRobert]

In the last ditribution I got byteballs but no blackbytes. Why?

Most probably your byteball address was not linked that's why you didn't received any blackbytes.

Maybe but I didn't get any either and I linked my address.

My address was linked. How could I have received the byteballs at that address if not linked. Never got the promised blackbytes.

My address was linked too. 100% sure, I've got the bytes from the linked BTCs. But no blackbytes. It looks like this time something has gone wriong for many people in the blackbytes distribution. Such a pity. It looks like Blackbytes are not a very reliable asset.

[Moneroman88]

Byteball - best way to lose out on BTC rise
So sad for all the Byteball believers They lost a lot AND are missing out on the rise. Not good!
If you're at a loss with GBYTE sell while you can and fix your losses with the BTC uprise..

[bobq]

This ICO using ByteBall platform seems interesting, unfortunately, it did not get much traction.

https://www.reddit.com/r/ByteBall/comments/6ll73p/the_first_ico_project_based_on_byteball_in_china/
http://ibank.one/

Great, maybe soon more ICOs will use byteball to raise money because the fee is 0 or Nada. It is perfect to use. It is faster than bitcoin and untraceable. I can foresee moon landing soon. XD

The chinese know only imitation, never had original ideas, they are good in making fake stuff.

This is not a clone, it is an asset issued on the Byteball platform like ERC20 Tokens or Wave Tokens.

I think we will see many more assets based on Byteball as soon as the assets will be able to broadcast also their name. Up to now the assets have the name of their hash,

[bcsuisse]

byteball is a fine coin and I am buying everytime it drops a bit more. I want to have 500 byteballs. 539 to go  )

[alucard23]

Selling when it's down more than 70%, in terms of Bitcoin, it's not something I would advise people to do, unless you've invested more than you can afford to lose.

[cryptohunter]

I see reducing btc holders rewards is good.
Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

[European Central Bank]

The developer should do whatever's best for the project.

And i don't recall a contract being signed.

[matt4054]

Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

I do get your point (I think), but...

On the other hand, going from 20% to 10% for GB holders while decreasing 90% for others only means distribution will be slower in absolute terms, relative to what it could have been previously. But in terms of relative value, previous holders are now benefiting from the fact that their previous airdrops where twice bigger relative to what newcomers will earn (past the change of rules).

Again, overall I think it's a bargain for pretty much everybody.

[dr blowfin]

I see reducing btc holders rewards is good.
Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

Agree with this. We need something to reverse the trend.
Giving the maximalist dumpers a 90% haircut was a great move.
But better to incentivise the holders with a retention (or even an increase) in the monthly interest payments IMO.

[davidoski]

Keeping the price up by incentivising holders through airdrop only won't work in the long term because once the airdrop ends everybody will dump the coin into oblivion. You better devise something more clever like real usage - that's where the real value of the currency comes from. Tony is working on exactly that by incentivising usage through cashback but it's not easy because it requires merchants and payment processing companies cooperation.

[pwpwpw]

Keeping the price up by incentivising holders through airdrop only won't work in the long term because once the airdrop ends everybody will dump the coin into oblivion. You better devise something more clever like real usage - that's where the real value of the currency comes from. Tony is working on exactly that by incentivising usage through cashback but it's not easy because it requires merchants and payment processing companies cooperation.

It's not hard to find real usage, for example right now byteball has 18477x less fees than bitcoin and it's faster than ethereum or at least as fast, even ethereum has 166x more expensive transaction fees. You'd be mad not to use this to buy your every day stuff, from groceries to weed (blackbytes). Also, you need GB to rise 66x, that's 21k~$ / GB in order for the transaction fees to go as high as 0.01$ US, one cent. Fastest, cheapest, untraceable and I didn't even touch the P2P, smart contract part.

[CoinCidental]

I see reducing btc holders rewards is good.
Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

i think the byteball reward should stay at 20% because of a few reasons

firstly ,i sold the idea  to people as a good investment opportunity and now they feel like theyve been scammed

secondly ,we want people to hodl the bytes and with the tanking price 10% aint shit anymore

thirdly ,before the reduction byteball was the most lucrative and best  airdrop ever ,at 10% monthly  it falls behind the gains from other competing airdrops such as bitcore (BTX) paying 3% weekly compounded

although ,i do think the reward for btc whales was much too generous and tony was right to cut them off ,smaller ones who  didnt make much differnce have been hurt unnecessarily
but the ones who were making tens of millions a month should have been disqualified earlier imo ......
anyone with $289mm worth of btc doesnt need an airdrop and are a risk to the health of the overall  project

[jfieschi]

Sing in/up  and click up to vote for GBYTE be ADD at ShapeShift.

 

Request already exists just vote it up

Don't forget to share the request on twitter after vote !!!

https://shapeshift.zendesk.com/hc/en-us/community/posts/115000497510-ADD-REQUEST-Byteball-Symbol-GBYTE-