Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
This argument does not hold water.
Produce a POW coin with fair launch protocol and then token swap on exchange later.
And what might that be? Is having people with massive GPU farms or ASICS joining your coin right at the start fair?Produce a POW coin with fair launch protocol and then token swap on exchange later.
Have it instamined like Darkcoin/Dash?
Fair POW distribution is as hard to achieve as any - if not harder.
Even in the ICOs the whales have to risk BTC for the new tokens. In this way the Whales risk nothing and still get to be whales in the new alt ..so it is even worse than an ICO. Also it starves this project of btc and give opposing project that BTC whilst giving them incentive to crush this project whilst liquidating BB into BTC to feed their project. How many levels can this be a bad idea on?
POW with fair launch protocol trumps ICO's on here by mile and ICO's trump this method of initial distribution
POW with fair launch protocol trumps ICO's on here by mile and ICO's trump this method of initial distribution
Like in Bitbay ICO? Fake volume, fake promise, fake everything ICO? Where was the risk in that?
I think it is highly unfair of you to come in here and shit from up high on tony like he is the worlds worst scammer.
At least he is experimenting with this distribution method and trying to do something unusual - inspired by Metcalfe's law.
It is worth a shot, so far it seems like everything is on the table. Join or not, it is your decision to make and, as you say, there is no risk in it
