Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
cryptohunter
on 31/12/2016, 11:54:53 UTC
Where can I buy BB?
Here https://cryptox.pl/

In any case, if byteball fails due to distribution problems (which I do not think will happen see below), I will personally make it better next round and distribute jingleballs differently. Because the tech is awesome, its just better than anything else so far (except for maybe Iota but thats for different purpose).

Also, if you theoretically make a totally equal and fair distribution of something, gold, bitcoins, byteballs, fiat currency, it looses its value. Anything of value, especially currency, has to be unequal in distribution, people wanting it and desiring it, to be the bitcoin or byteball whale, is what gives the thing value, jealousy is a hell of a drug. Consider if suddenly everyone in your country received +100 000 fiat currency in their bank account - nothing would change at all!

Consider then if everyones balance would be reset to be equal to everyone else, the banks can do it easily, say once per year, the rich to become poor and poor to become rich. Would you work and invest in such a currency? Would you try to save the currency or just waste it like German Reichmarks from 1929?





Your examples are not even near being appropriate. They border upon  the absurd.

The distribution is just crazy it has crushed a good project. Luckily I hear it will be cloned and distributed in a more reasonable method that will give it a far greater chance of success.