Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
LiQio
on 06/09/2016, 12:30:53 UTC
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?


Are you saying "Exchanges, Corporate Miners, Whales and even The Fed" won't be able to claim 97.9% of the coins?

Well, I don't think they own that many bitcoins (it depends on your definition of whale though).  Their share of bytes will be almost the same as their share of bitcoins, among those who care to claim.

Thanks, the math is simple enough. I wanted to confirm, that you were just trolling before.