Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
glerant
on 08/09/2016, 11:19:10 UTC
And this also design for the rich people, the more btc you have the more byteball you will get.

Yep great idea but as I am a poor person I will end up poor during swap. poor is poor and rich is rich. Kind of pointless to give those who have LOADS of btc more free money. But thats how its gonna work

But it is an elegant way to solve the problem of initial distribution. You can always buy on the market later, if you see higher potential and want to invest money.

It's not so elegant if you look at some of the biggest players and their behavior.

I agree. It may be a simple method of distribution but it will lead to a grossly iniquitous distribution.
It won't even result in the tokens ending up with enthusiasts or building a community of passionate advocates.
So...... I'm out!