I am getting ready to go to sleep, and I might forget to come back to this thread. Actually I hope I don't. Should move on.
So I will post this thought a bit too prematurely just because I might otherwise forget.
I messaged @tonych and his initial reply did not deny my allegation. I asked for further clarification because his reply seemed to be worded as an admission but it was still somewhat ambiguous. So if there aren't any further updates, then perhaps you can presume the obvious implication.
I replied to @tonych that I would apologize if I end up having the wrong interpretation.
Also I want to say that IMO there is nothing ethically wrong with a 7% or 14% premine[1], as long as the developer states it clearly upfront.
IMHO, attempts at deception reflect a lack of long-term commitment and pride in a project, because I believe no developer who is serious/sincere would want his project maligned by (even subtle) attempts at deception.
[1] Note I actually believe > 5% is excessive unless the money supply continues to increase indefinitely, in which case that premine is continually diminishing over time, which is not the case for Byteball.
Edit: @tonych replied and the 1% of 1,000,000 GB is confirmed which is 7% of the current 137,000 issuance (and issuance is unlikely to increase much in future rounds). I had the correct interpretation. Note he refused to reply about the wallet signups, so form your own conclusion on that one. I am not quoting him because I didn't ask his permission to do so. And I don't want to annoy him further by asking him.
Have you taken no time reading the OP?
The snapshots for the 4th round will be taken on the Full Moon of April, on Apr 11, 2017 at 06:08 UTC. This is what you receive:
BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes
Distribution consists of bytes per proven BTC balance as well as 10% interest on all existing bytes. Distribution might be slow but 100% will be distributed in a timely manner. What you are implying is nonsense
Have you even used your brain?
Who is going to bother going through the hassle of linking their BTC on the 4th round when the 0.0625 GB they will receive is only worth $4 per BTC they link. And it will only get more unfavorable on future rounds. The planned issuance will never be achieved (okay maybe mathematically we can maybe argue that asymptotically it would eventually be fully issued some 100+ years from now, but that it isn't relevant because Tony will have sold his 7 - 14% long before that). Realize that afaik Tony apparently awarded his 10,000 GB to himself at launch day. So his coins are worth $670,000 on a $9 million market cap as we speak.
The 10% interest only increases the existing 137,000 to 150,700. That is only an overall increase of only 1.4% of the planned issuance.
I don't have any problem with him doing that. I just want people to understand that the "1%" is a mathematical deception. And you damn well know it.
I wont miss another opportunity again.
FOMO.
TBH i think byteball sounds funny..i mean just like monero. It just sounds like a joke. I never took monero seriously because of it's name. I know i'm shallow, but you can never tell anyone you buy/own/use monero. It'd be awkward.
Same as yours i do found monero on the first place sounds very awkward but i do regret it
I also thought it was strange that someone who is invested in Ethereum would complain about names. Smoke the ether dude.
(I've complained about the Monero name, but I also posted at the precisely correct time to buy it, that it was going to rocket up, so if I had wanted to speculate the name wouldn't have stopped me. What stopped me is that I didn't have any money to speculate with and I still don't so I need to remain conservative. Never speculate with money you can't afford to lose)
Byteball is has a reasonable likelihood to be the next big PUMP. But I am reasonably certain it will not be the next THING in crypto, as in massive adoption or practical use. But that shouldn't stop you from speculating on the PUMP. I would too if my opportunity cost wasn't so much higher than yours. If it wasn't a pita to buy, I'd probably buy 1 or 2 BTC of Byteball (except now that I see Tony is deceptive then I ethically don't want to buy it). But for that small amount, it isn't worth my time to figure out to buy it, since it isn't listed on Poloneix. And then I also have to figure out where to store the damn wallet. I don't have time for that over such a small amount of money involved. I have bigger fish to fry.
Btw, I been telling people to buy a little Byteball for the past months. So that is what is very strange when their supporters attack one of their former supporters. Just because I pointed out the truth.
Poll
