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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164833 times)
byteball3r
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February 19, 2018, 04:23:36 AM
 #17341

Glad to see the March airdrop was cancelled. There is still way too much uncertainty in how the remaining bytes will be distributed though. That's why the price is collapsing. Giving bytes away is not the only way to "acquire users". People can afford to buy $20 worth themselves to use the network.

You should really focus on listing on Fiat exchanges. I'd say you should distribute 50% of the remaining bytes to bytes holders as a one-time thing, save 25% for the project, and save 25% to give away. $2m for development is really not much compared to the $200m you're saying you will give away for free.
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February 19, 2018, 06:16:21 AM
Merited by jjacob (2), LoyceV (1)
 #17342

I fail to see the reason of some people's concern.

Funds are still distributed for free. Past has shown that target group of previous airdrops just dumps it. It's a natural choice to switch strategy.

I really love this quote:
"Insanity: doing the same thing over and over again and expecting different results"
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February 19, 2018, 06:37:29 AM
 #17343

Insanity: take 3 months, do nothing, schedule ‘tentative’ Airdrop, cancel just before due date.... via Twitter...

And people wonder what’s wrong with the marketing of this coin...

Can you believe this total absence of a visible resemblance of an actual plan? For people less versed in Byteball ‘s particular idea of ‘marketing’, this is a disaster.

Good thing is that Cryptopia has more days for my GBYTE to remain stuck  Grin

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February 19, 2018, 06:48:06 AM
 #17344

I fail to see the reason of some people's concern.

Funds are still distributed for free. Past has shown that target group of previous airdrops just dumps it. It's a natural choice to switch strategy.

The problem is most people don't like investing in coins with ~40% of supply undistributed, makes people nervous. The moon drops provided certainty, now there is uncertainty ... how long will the remaining coins take to distribute, will everything be transparent, will there be any surprises that make people dump etc

Tony is a smart guy, and has done extremely well so far, so I'm still hopeful, but I'd have preferred ending distribution asap.
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February 19, 2018, 07:10:03 AM
 #17345

Insanity: take 3 months, do nothing, schedule ‘tentative’ Airdrop, cancel just before due date.... via Twitter...

And people wonder what’s wrong with the marketing of this coin...

Can you believe this total absence of a visible resemblance of an actual plan? For people less versed in Byteball ‘s particular idea of ‘marketing’, this is a disaster.

Good thing is that Cryptopia has more days for my GBYTE to remain stuck  Grin

In defense of the airdrop getting cancelled, there was a disclaimer that this 'tentative' airdrop might be postponed or cancelled. So news of the shift to other distribution methods should not come as a surprise to anybody.
For existing byte holders, this should come as a positive news. The price invariably tanks after every distribution (which more than compensates for the free bytes they receive.)


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Lydian
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February 19, 2018, 07:40:06 AM
 #17346

The March Airdrop is canceled. Too bad. I still have not understood how the bytes should be distributed in the future? Bytes holder will not get anything in the future, at least not from Airdrops?

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blm
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February 19, 2018, 07:41:03 AM
 #17347

Haha, figures the airdrop would be cancelled, I *just* got the client running and figured out how to sign a message with my BTC private key so I could do the Transition Bot conversionation. My usual luck Cheesy
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February 19, 2018, 08:09:24 AM
 #17348

The March Airdrop is canceled. Too bad. I still have not understood how the bytes should be distributed in the future? Bytes holder will not get anything in the future, at least not from Airdrops?

or just keep the supply low.... who needs new coins.

|\¯¯ \   /¯¯/| |¯¯¯|__'  /¯¯,¯¯\     /¯¯\/¯ \'  
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February 19, 2018, 08:23:52 AM
 #17349

Tony should burn the remaining coins the same way Nano (railblocks) dev did. Thus, resulted to exponential increase in price.
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February 19, 2018, 08:42:41 AM
 #17350

Generally I agree to stop the Airdrops and using the rest of the resources better and more responsibly, but 40% left is really too much.

I think it would have been much better to do this one LAST Airdrop because it was announced on the website for a long time, although there was the possibility of cancelling it.

The new distribution methods don't impress me either.
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February 19, 2018, 08:53:18 AM
 #17351

I think it would have been much better to do this one LAST Airdrop because it was announced on the website for a long time
This. Exactly this.

I am very disappointed about the cancellation. How can you have a countdown timer on your website for months and then cancel it two weeks before the event. Again Byteball seems to move in changing, contradicting directions on a weekly basis. Marketing and Investor relation wise this is a disaster.

Future will tell if the new distribution method will show success. I still think there are enough funds to do some variation of an airdrop event. It doesn't have to be 10%, but why not 1% or a smaller amount every month to holders of different cryptos to reach a wider community (e.g. March: Ether, April: Litecoin, May: Dash, ...)?


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kokopopz
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February 19, 2018, 08:55:22 AM
 #17352

Tony should burn the remaining coins the same way Nano (railblocks) dev did. Thus, resulted to exponential increase in price.

Burning coins is not good for future growth. It would be like saying this is the maximum of users we will ever have so we don't need more coins.

I believe distribution should not be entirely free. Deepoion is a good example of 'free' distribution where users have to actively show their engagement in the promotion of the coin to get their share.
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February 19, 2018, 09:19:34 AM
Last edit: February 19, 2018, 09:31:10 AM by altcoinb
 #17353

Maybe a distribution way:
link your telegram account to the byteball website or byteball telegram group an you get a textlink with 10$ in byteball.
than the bytes are frozen (smart wallet) but you can perform jumio verification.
i think a code with fraud protection is easy to realize (number spam).

a other distribution way:
we puplish a contest, "the best idea for distribution ways" = the best idea win 10 GB (3 months period)
then we will find alltime the best way and the balls are in all mouth  Grin

sorry for my english

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February 19, 2018, 10:41:15 AM
 #17354

Hello I have not received my byteballs man.. It says textcoins already claimed..
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February 19, 2018, 11:09:05 AM
 #17355


Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

IMO this is very bad news. None of these methods are "proven" as you say, and they are all far more opaque than distributing to addresses with balances that can be checked on the networks.

How many dollar-equivalents have been spent in the cashback program so far? What's there been like 50 people send their passport to Juobi or whatever now? Youtube crypto scam videos? Really?

There are still 40% of coins to distribute, and now they are basically completely able to be distributed by shady backroom deals or not at all. There is no way to validate distribution beyond this point. So long and thanks for all the fish.

For transparency,
this address is used to pay cashbacks: https://explorer.byteball.org/#TU3Q44S6H2WXTGQO6BZAGWFKKJCF7Q3W
attestation and referral rewards: https://explorer.byteball.org/#RJIUGYIVHM5TAZHU3ZPNTNZL5JF4JUTN


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February 19, 2018, 12:00:00 PM
Merited by LoyceV (1)
 #17356

When the dumping began back in the summer, a lot of people screamed to stop the airdrop, allocate it entirely to the dev and marketing fund or even burn the airdrop funds, now that it stops people are crying. Business as usual I guess. I'm happy tonych stopped the airdrop, it did not do any good for Byteball in the past 6months, lock it for long term dev/marketing/bounty fund, that will do much more good for the long term.

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February 19, 2018, 12:17:41 PM
 #17357

When the dumping began back in the summer, a lot of people screamed to stop the airdrop, allocate it entirely to the dev and marketing fund or even burn the airdrop funds, now that it stops people are crying. Business as usual I guess. I'm happy tonych stopped the airdrop, it did not do any good for Byteball in the past 6months, lock it for long term dev/marketing/bounty fund, that will do much more good for the long term.

Absolutely, it winds me up that everyone expects to get something for nothing. Stop being so greedy as most of those who are crying about the airdrop would just dump it straight away, bringing NO ADDITIONAL VALUE to the project. I'm all for trying to identify different avenues to increase the usability and appeal to a wider user range which will be beneficial to all in the future.

People need to stop expecting results overnight - we're in it for the long term boys
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February 19, 2018, 12:19:16 PM
 #17358

Another thing Tony, we really should have a counter with all distributed coins (and updating daily in all cmc websites).

665283 GB distributed (https://byteball.fr/Top100ByteballRichest.php) and cmc shows 645.222 GBYTE.

Now this is very necessary IMO.

Let there be light!
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February 19, 2018, 12:31:21 PM
 #17359

Another thing Tony, we really should have a counter with all distributed coins (and updating daily in all cmc websites).

665283 GB distributed (https://byteball.fr/Top100ByteballRichest.php) and cmc shows 645.222 GBYTE.

Now this is very necessary IMO.

GB should be changed into MegaByte. That will be necessary for the increase of Byteball.
The unit of GByte is too huge. Ppl like to buy cheap coins, like Doge.
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February 19, 2018, 01:17:39 PM
 #17360


Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

IMO this is very bad news. None of these methods are "proven" as you say, and they are all far more opaque than distributing to addresses with balances that can be checked on the networks.

How many dollar-equivalents have been spent in the cashback program so far? What's there been like 50 people send their passport to Juobi or whatever now? Youtube crypto scam videos? Really?

There are still 40% of coins to distribute, and now they are basically completely able to be distributed by shady backroom deals or not at all. There is no way to validate distribution beyond this point. So long and thanks for all the fish.


Of course this is a terrible idea.

Tony does not seem to realise promising things then not doing them is a great way to destroy any trust in the project.

Best thing to bring some real investors here is burn the rest of the tokens

I do actually believe tony is distributing as claimed but even so it will take forever and meantime real savvy investors wont touch this project whilst 40 % are in the hands of one person who does not listen to the community at all and does what he wants when he wants.

burn the coins and stop begging and paying people to use it.

Still cant put any of my own real funds into a project where the captain gives most of it away to other ico managers willingly ... certainly not whilst that person has another 40% to commit financial suicide with.

Burn it all so I know this is the limit of the damage that can be done on a whim with no community consult.

set up a poll on here so we can vote on what to do this has gone of for far too long now.
 




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