I never make anything personal. I am here to discuss only the observable events that take place. I stand by what I said though that this is the worst distributional method for alts and this project (for many reasons already stated above) that I have seen yet.
The added fact there is refusal to null the top 2-5%of wallets which would hardly affect how broad the distribution is yet prevent all the exchange issues, ICO's using their windfalls against the project and super whales pumping and dumping everyone over and over is strange although I see no gain for tonych from refusing.
Come on Tonych keep 10% for dev and wages and just make it a POW launch. BB will be a pariah coin with the alt coin community I can guarantee it once word is out beyond this thread. Auto creating Whales in new ALT currencies on the basis of them being whales in BTC already with no risk to them at all is simply not going to go over well. That and handing exchanges and ICO teams super whale portions is even more undesirable.
You seem so smart there must be another angle to this that you are not revealing. There is no way you would be funding your competition and making sure investors don't ever touch this coin for fear of huge whale manipulation. Fess up there is some other reason for this and I don't mean your personal self enrichment. What is it?
Right now 7 accounts control 60.3% of the distribution... a disaster.
A whale skewed distribution is only good for whale pumping/dumping and never corrects itself over time...
It's not about "fairness", this distribution never builds a wide, stable community... so what is Tony really trying to achieve.
I would suggest using LOG or LN on balances to create a much wider distribution...
For example,
ln(1000) = 6.9
ln(100) = 4.6
ln(10) = 2.3
So someone with 1000 BTC only gets about 3 times what 10 BTC gets you...
You wanna be radical and start with a large diverse community... LN is your friend.
If dev does this, then the BTC whale will split his 1000 BTC into 100 accounts with 10 BTC each and will get the same thing. There's no way for the dev to play police to tracking where the BTCs come from. Why a fair distribution like this causes so much outcry? If I have more money and I put in bank, isn't I get more interests than people who has less money? lol stop be greedy and crying for unfair, and just live with it!
We know this is easily overcome by a random date snapshot or a snapshot of the chain in the past.
How about the more BTC you have the less BB you get. That could be interesting if not to hard to implement. Null the top 2%. POW token exchangeable to BB. The options are endless that null the majority of the major problems this coin is creating for itself.
Taking random date or snapshot in the past is simply ridiculous. It is impossible to adapt a absolute equal path which will be easily frauded. There's no reason to cut top 2% (how did you calculate 2%, why not 1%, why not 5%), people with more resources have the power to gain advantage, just accept it and get over it and relax. Your proposal is like for the bank if you deposit more than 1 mil then no interest will be paid. In the real world this is the opposite, if you deposit more in the bank, bank will give you a preferred rate better than other people.
Nothing ridiculous about it. Other than you are saying it is ridiculous.
Top 2% should exclude exchange wallets and other ICO's plus knock out some whales. However I agree top 5% of BTC wallets may as well be nulled why do they require further enrichment and instant entitlement in all new alts?
Your comparison is very valid to the banks. Crypto is certainly not attempting to emulate banking mentality where the rich get richer and the poor get poorer. FYI a some banks do give very high interest to small accounts with caps on them to encourage the poor to save and these accounts do have a cap to how much you can put in them.
Thanks for adding strength to my valid points.
I still have heard nothing at all to refute the POW token swap idea.
Please refer back to my very valid points here regarding POW phase aAnyone can hire hash power and this would be a very short mining period. The only variable is really cost of electricity.
Miners will be taking a risk for the BB
Miners will be investing in it for real
Miners will stop BTC whales becoming BB whales with no risk to their BTC
Miner will stop other ICO owners using BB to crush the BB price to fund their own project
MIners will stop exchange owners being whales to manipulate the markets pumping and dumping on innocent investors.
Miners will stop ALT coin dilution in general.
We can then agree tony keeps a higher % to fund BB this higher percentage will be magnified many times over because competitive ICO projects will not be funded by BB most people now receiving BB will have no incentive to see it crash and burn.
Please weight these points carefully and analyse them. If there is issues here with my simple common sense logic I will gladly explore them with you.
So far all I have heard in reply is
1. mining is not 100% fair (which it is not but it is pretty fair, the only real variables are skill level which is easily overcome by renting rigs that will already be set up to hash this coin for you, or electricity cost which over a short mining period is not that big of a deal) we would prefer to design the most common sense unfair method possible. We will give the richest the most and give the poorest the least. Whilst funding our competition and creating incentive to crush this coin and for investors never to look at it seriously for fear of gross unstoppable manipulation by whales and exchanges.
2. We will not cut out the top 2% and use random/previous snapshot dates to prevent wallet spreading so that we can avoid ICO competition super wallets, exchange wallets and super super rich BTC whales .....why won;t we do this? because it is simply ridiculous. We won't say why it is ridiculous it just is because we say so.
Sorry that is plain for any sensible person to see these are not valid reasons at all. There is something strange here. Please state some valid logical reasons why to go this method and point out to me out my seemingly valid points above are not valid so that I and any other logical minded person of sound reason may understand this choice.
The alternatives are the inverse of what miners will prevent.
Mining farms will have no advantage at all over anyone else except in the form perhaps of electricity savings and a small factor of buying their hardware over leasing. That was anyones choice to start with. They are not taking the whales share with no investment or risk.
If you are going to do an airdrop this is not the way. This is the worst way to conduct an air drop possible for this coin and all alts.
nd token swap for advantages to this project and alts in general