Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
cryptohunter
on 24/12/2016, 16:15:31 UTC
I contacted Sasha Ivanov, founder of Waves, about the linked address 1NGfrU4YNp8dox1gLeUDyjD5Vpfck9no5j that has 4800 BTC from Waves ICO.  His response was that if the project is successful, he is going to distribute our coin as dividend to Waves holders.

So, even the largest (so far) whale in our distribution is a kind of collective investment entity.

What people say and what people do are sometimes not the same thing.

Should have been nulled like the other huge wallets. Project is destroyed before it starts. The enriching the richest automatically does not go over well with most of the crypto community.


This one just popped up while I was finishing mine:
XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B   3HsSR84zReeBt5fTMESWJ2y18pMo5gz2Sq   12295.96991428     20.5916     tx

12.2k BTC  Shocked

At the moment going to get 20% of distribution.

Yeah nice hey .... will be able to manipulate the market at will. NULL these whales now and save the project or let it go ahead as a non starter.

I guarantee this project will be a pariah.

Everyone should have put more pressure on tonych to make the distribution fairer from the start. I am the only person that has put any kind of sustained pressure on him and he refuses to even enter the discussion choosing to avoid the questions and rather focus on discussing the tech. Browse this entire thread its full of people praising this distributional model thinking they are getting something for free. You are getting zero for free if you hold other alts. This is a dilution coin that will be controlled by BTC whales and exchanges. Both of whom will get richer by making you get poorer than you already are.

The tech will be cloned and distributed in a more fair manner you can guarantee this.

This coin is merely an experiment by BTC whales to see if they can guarantee whale share in all future altcoin markets without risking their whale BTC stash.

The only people praising this form of distribution should be those with at the minimum of 100 BTC at hand  since they will gain over and over by distributional models like this. I do not support this model although I assume that I would stand to gain substantially more than many of those that do support it if I linked all of my BTC.

This is simply not a fair manner of distribution and I hope the project does not become a success at all. Sorry but although the tech looks great and tonych seems not a bad guy we can not have waves of alts distributing like this in future it is simply the most unfair model you can nearly design.