Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
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 Rs 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. Thats why I want Byteball to be in the hands of as many people as possible:
Interesting. However I see a problem. The majority of Byteball will fall to the Exchanges, Corporate Miners, Whales and even The Fed. None of whom will give a stuff about the takeup, use, or community of Byteball.
Why not do the same thing but use a currency, low down on the market cap, and knock out the top 20% wallets from the distro. Then you will get real enthusiasts!
