What's the next "BIG THING" in the altcoin world

[klarki]

Why the majority of votes for Byteball?

[1714028479]

1714028479

[1714028479]

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[thepo1m]

This can be difficult to give a direct answer but there are some good project on the list. I will go for WeTrust I like the idea and the team seems sold enough for me. The ICO is capped at 6000BTC and will give the token price 0.00006BTC, this can easily give 10X return for investors

[iamnotback]

Why the majority of votes for Byteball?

Because Byteball gave away free tokens to those who registered their BTC with Tony (the developer of Byteball) before the deadline. So those hodlers now want to dump their free tokens on you at hopefully FOMO driven higher prices. Iconomi apparently ended up with a significant portion of the free tokens (will they promote Byteball?).

Because it has a small mcap and has a snazzy new DAG and JSON smart contracts. Geekcool technobabble ("DAG" + "JSON" + "smart contract") combined with FOMO fever. It is all about the fact that small market caps can get pumped like PIVX did recently.

Just ignore that the actual technology has some serious flaws, because that doesn't matter any more. All that matters is rolling the dice. And Byteball has a novel DAG design so that is enough to make speculators excited about the potential regardless of flaws that prolly prevent it from ever really scaling.

My hypothesis is the Ethereum projects are getting ignored because there are too many of them and speculators can't decide which ones to invest in. Also they are ICOs and perhaps the community is getting tired of ICOs? Actually a couple of those Ethereum projects seem interesting such as MyBit. But again, ICOs.

[mining1]

My hypothesis is the Ethereum projects are getting ignored because there are too many of them and speculators can't decide which ones to invest in. Also they are ICOs and perhaps the community is getting tired of ICOs? Actually a couple of those Ethereum projects seem interesting such as MyBit. But again, ICOs.

Well, look back at what happened before early 2016. People were excited about every small news like their favorite project being mentioned on crypto sites or gui wallet releasing rumors. These were the kind of news that brought pumps with them.
Eventually eth gained more attention with really important news and it's value exploded upwards. Because of that, other crypto rivals were forced to up their game and bring more innovation, or atleast attempt, because suddenly wallet news weren't worthy of pump&dump anymore. That's why we have today several projects that aim to do more than being a payment system, and even though their development is not particulary succesful it's still a step forward. ( like byteball, decent ideeas, low potential )

And i think i know why some important ethereum projects are getting ignored; because people are used to this kind of news.
Imagine if byteball had this kind of news:
1. massive scaling soon to be deployed
2. https://www.americanbanker.com/news/web-pioneer-plans-blockchain-based-digital-ad-platform
3. http://www.coindesk.com/un-group-advances-ethereum-aid-tracking-pilot/

[yvv]

Why the majority of votes for Byteball?

I guess, it may be because it is outstanding among million of other cryptos in some ways. It works, it has a friendly UI, zero entry level if you have some bitcoins, some cool features out of the box and hard working dev team who work on implementing new cool features. That's it.

[iGotSpots]

Me. Soon

[iamnotback]

Just took a closer look at Byteball's distribution scheme (because someone posted and ask me to) and realized the developer did a sneaky form of premine (he wasn't totally honest and transparent):

The first round of Byteball was awarding 1 GB for each 0.7 BTC. The 4th round is only awarding 0.0625 GB for each 1 BTC. So apparently the distribution is nearly completed.

So the developer/creator of Byteball (named Tony) was very sneaky. He said his premine for himself was only 2%, but in effect it will be more than 10% (currently 14.6%) because less than 20% of the total planned supply will ever be issued.

I have nothing against the developer taking a premine for himself, but deceiving the community and obscuring the level of the premine is not what I expected from Tony. I thought he had a high level of ethics. He is acting like he is being altruistic by distributing it for free to existing BTC holders, but in reality he devised a scheme to obscure the computation of his actual premine level as percentage of the actually issued supply.

Note Iconomi apparently got another roughly 15% 10%, so nearly 25% owned by just two entities.

[mining1]

I won't throw any money at it because what i currently hold has bigger profit potential, and yes i took into consideration the fact that it has only 10mil cap.  Therefore i don't care about it.

[iamnotback]

I won't throw any money at it because what i currently hold has bigger profit potential, and yes i took into consideration the fact that it has only 10mil cap.  Therefore i don't care about it.

Given the float is in a few whales hands, and given the hype around it, it is prolly going higher.

It is currently more difficult to trade for and very illiquid. Only $12,000 volume today (which is pathetic given the size of the mcap). Once it gets on Poloneix then it should skyrocket.

If the question is which is the next big PUMP, then perhaps Byteball is a reasonable chance of being it.

But for me, the next big THING, means something which could really change the world and grow into something formidable. Then I don't think it is Byteball.

[Cryptoon]

Just took a closer look at Byteball's distribution scheme (because someone posted and ask me to) and realized the developer did a sneaky form of premine (he wasn't totally honest and transparent):

The first round of Byteball was awarding 1 GB for each 0.7 BTC. The 4th round is only awarding 0.0625 GB for each 1 BTC. So apparently the distribution is nearly completed.

So the developer/creator of Byteball (named Tony) was very sneaky. He said his premine for himself was only 2%, but in effect it will be more than 10% (currently 14.6%) because less than 20% of the total planned supply will ever be issued.

I have nothing against the developer taking a premine for himself, but deceiving the community and obscuring the level of the premine is not what I expected from Tony. I thought he had a high level of ethics. He is acting like he is being altruistic by distributing it for free to existing BTC holders, but in reality he devised a scheme to obscure the computation of his actual premine level as percentage of the actually issued supply.

Note Iconomi apparently got another roughly 15%, so nearly 30% owned by just two entities.

what are you talking about?
Tony keeps 1% for him and this 1% doesn't take part in 10% for bytes distributions. Just read announcement.

[iamnotback]

what are you talking about?
Tony keeps 1% for him and this 1% doesn't take part in 10% for bytes distributions. Just read announcement.

Where does the other "1%" go?

That is "1%" + "1%" of 100% planned supply. But only 13.7% of the supply has been issued. And the incentives for the remaining rounds are not favorable. Apparently very little additional supply will be issued. Thus each of that "1%" is actually 7%.

Can't you do elementary school math. Do you blindly believe everything you read without thinking. What is not clear is whether the 1% referred to is only of issued supply or of maximum planned supply..

Edit: I see the other 1% goes to user wallet installs. So Tony is going to end up with about 6 - 7% apparently. Or maybe it is a deception?

Initial distribution

There will be no ICO, no crowdsale.  I believe the success of a currency depends on the number of people who own it, in fact Peter R’s research suggests that historical marketcap of Bitcoin follows Metcalfe's law: https://bitcointalk.org/index.php?topic=572106.0, i.e. it is proportional to the square of the number of active users.  That’s why I want Byteball to be in the hands of as many people as possible:

• 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

-----------------------------

One last thing.  The remaining 1% will be given away to the first 100m users who install Byteball wallet, 100 Kbytes to each user.  This will start 6 months from now or later, after we get ready for that scale.

[yvv]

Just took a closer look at Byteball's distribution scheme (because someone posted and ask me to) and realized the developer did a sneaky form of premine (he wasn't totally honest and transparent):

The first round of Byteball was awarding 1 GB for each 0.7 BTC. The 4th round is only awarding 0.0625 GB for each 1 BTC. So apparently the distribution is nearly completed.

So the developer/creator of Byteball (named Tony) was very sneaky. He said his premine for himself was only 2%, but in effect it will be more than 10% (currently 14.6%) because less than 20% of the total planned supply will ever be issued.

I have nothing against the developer taking a premine for himself, but deceiving the community and obscuring the level of the premine is not what I expected from Tony. I thought he had a high level of ethics. He is acting like he is being altruistic by distributing it for free to existing BTC holders, but in reality he devised a scheme to obscure the computation of his actual premine level as percentage of the actually issued supply.

Note Iconomi apparently got another roughly 15% 10%, so nearly 25% owned by just two entities.

OMG, what a bullshit! This dude does not have a clue about what he says.

[yvv]

Can't you do elementary school math. Do you blindly believe everything you read without thinking.

Dude, you have some special math, which nobody use but you.

[iamnotback]

Just took a closer look at Byteball's distribution scheme (because someone posted and ask me to) and realized the developer did a sneaky form of premine (he wasn't totally honest and transparent):

The first round of Byteball was awarding 1 GB for each 0.7 BTC. The 4th round is only awarding 0.0625 GB for each 1 BTC. So apparently the distribution is nearly completed.

So the developer/creator of Byteball (named Tony) was very sneaky. He said his premine for himself was only 2%, but in effect it will be more than 10% (currently 14.6%) because less than 20% of the total planned supply will ever be issued.

I have nothing against the developer taking a premine for himself, but deceiving the community and obscuring the level of the premine is not what I expected from Tony. I thought he had a high level of ethics. He is acting like he is being altruistic by distributing it for free to existing BTC holders, but in reality he devised a scheme to obscure the computation of his actual premine level as percentage of the actually issued supply.

Note Iconomi apparently got another roughly 15% 10%, so nearly 25% owned by just two entities.

OMG, what a bullshit! This dude does not have a clue about what he says.

I corrected already the 1% + 1% aspect. Afaics, the 1% + 1% aspect was not mentioned on the front page of website where I originally got the information. So at most that would be ~7% for Tony + ~10% for Iconomi, so 17% for two entities.

But as I wrote in bolded text, it is not clear by Tony's statement whether he intends the 1% + 1% to mean from planned issuance or from actual issuance. So perhaps someone can clarify that officially.

If he means from actual issuance, then indeed his share would only be 1%.

Read the statement verbatim. It says, "98% of all bytes and blackbytes (the private untraceable currency) will be distributed among bitcoin holders". That seems to imply that the 2% is of the planned maximum issuance of 1,000,000 GB. But it doesn't seem to say what happens when not all the planned issuance is actually ever issued.

Also the following statement seems to confirm that it is 1% of the planned issuance (for the math retards please note that 100m x 100KB = 10,000 GB which is 1% of 1,000,000 GB):

One last thing.  The remaining 1% will be given away to the first 100m users who install Byteball wallet, 100 Kbytes to each user.  This will start 6 months from now or later, after we get ready for that scale.

It was written in a somewhat ambiguous way, but leans towards my literal interpretation. Perhaps it is Tony's use of English, or perhaps it is intentional deception. Any way, could someone please clarify officially?

Can't you do elementary school math. Do you blindly believe everything you read without thinking.

Dude, you have some special math, which nobody use but you.

Okay dufus, so why didn't you even think of the fact what he wrote is ambiguous and misleading?

[yvv]

I corrected already the 1% + 1% aspect. So at most that would be ~7% for Tony + ~10% for Iconomi, so 17% for two entities.

But as I wrote in bolded text, it is not clear by Tony's statement whether he intends the 1% + 1% to mean from planned issuance or from actual issuance. So perhaps someone can clarify that officially.

If he means from actual issuance, then indeed his share would only be 1%.

Everything is crystal clear from the OP of byteball thread and was repeated numerous times throughout the thread. Out of 1000Gb issued, 980Gb will be given away at varying rate. Up to now tonych followed his announcements very strictly. Stop talking bullshit, you make yourself looking foolish when you do this.

[iamnotback]

Everything is crystal clear from the OP of byteball thread and was repeated numerous times throughout the thread. Out of 1000Gb issued, 980Gb will be given away at varying rate. Up to now tonych followed his announcements very strictly. Stop talking bullshit, you make yourself looking foolish when you do this.

You are so mathematically challenged that you don't even realize that you still haven't answered my question unambiguously.

Getting angry at me because you can't understand the math ambiguity is kind of silly, rash, and immature don't you think.

Did somebody find a bubu in your precious little Byteball and that makes you cry. Huhu.

Is peer review not valued in our community? Have you ever heard of open source? It is a rather important concept.  

[shewasfourteen]

Why the majority of votes for Byteball?

bc there is a link to this thread in the byteball section...........

[iamnotback]

Why the majority of votes for Byteball?

bc there is a link to this thread in the byteball section...........

Thanks for the open source effort.

Linus' Law: Given enough eyeballs, all bugsdeceptions are shallow.

[yvv]

Very nice! Now this retard is spamming me with personal messages. You are ignored, moron. Go back to your mental institution, take some relaxing pills.

[iamnotback]

Edit: "1%" (which is really 6 - 7%) will be given to up to 100m user wallet installs, at 100KB each, so roughly $0.0067 per wallet install at current exchange rate:

...

Note I don't think $0.0067 per wallet install (even if the price increases by 10X or even 100X) is going to incentivize any users to install wallets.

And so the plot thickens.

Why would anyone think to incentivize wallet signups with $0.0067 per signup? The only people who would be motivated would be bots which could signup wallets in huge volume. Could this be another way to obscure the level of the premine? Could Tony have a plan to do these wallet installs with a specialized bot? Seems like he would get competition from other hackers though. Maybe he is planning to use some heuristics to determine which wallet installs are valid? Hmmm. Needs deeper study...

Fyi, @yvv has been put on Ignore.