Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
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.
Distro is interesting, but exchanges are going to get all the coins.
Are you both saying that exchanges will use their customers' bitcoins to claim bytes for themselves?
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! 
I believe there is some sort of equilibrium distribution of wealth that is eventually achieved in every monetary system, but before it is achieved the system goes though a period mess and instability. I want to skip that and inherit the distribution from the most mature cryptocurrency available, or rather from its non-dormant accounts.