Quote from: SatoNatomato on January 02, 2017, 07:33:02 PM

Quote from: metamorphin on January 02, 2017, 01:16:51 PM

Quote from: tonych on January 02, 2017, 01:09:36 PM

Quote from: drays on December 31, 2016, 01:38:03 AM

Quote from: jokumat on December 30, 2016, 08:04:27 PM

Quote

Participation in Byteball distribution

If you missed the 1st round of distribution, you can still participate in the further rounds. If you were in the 1st round, you can multiply your holdings. In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte (received in the 1st round)

There was 100 000 GB distributed in the first round.
This means that there will be 10 000 GB distributed to byteball holders in the second round (0.1 new bytes for every 1 byte received in the 1st round).

Let us assume that in the second round there will be 100 000 BTC linked.
This would mean there will be 6250 GB distributed according to BTC balances.

So most likely the dev will distribute much less bytes in the second round (than in the first round).

People tend to be suspicious about cryptos where the majority of coins is held by the dev for a long time.

This is not like Bitcoin where you know everything about the distribution from the beginning. Here we have the dev who reserves the right for himself to distribute most coins arbitrarily in the future. A free airdrop distribution is risky but possible. But here there is one person who controls 90 percent of the total amount of coins and this one person can ARBITRARILY decide about their future distribution. For months, maybe year(s) to come.

This must make byteball feel like a joke for any serious investor.

Well, I can consider all other critics to be a FUD, and the concerns about the ICOs included in distribution can be also somehow discarded (I believe that will not do that much harm at the end of the day), but this concern quoted above sounds really important to me!! And it is a somewhat worrying.

tonych and/or CryptKeeper, could you please address this comment? Its not a simple FUD or grunt of people who are unhappy by distribution. I believe its valid concern.

If the majority of coins remains at your disposal for so long time, how do you think it will affect the adoption by exchanges or other businesses? You may be the most honest person in the world, and will keep all your promises (and I personally believe you will), but how you can prove that to others, so they believe you will not just dump your undistributed coins?

Having to keep so many undistributed coins doesn't make me feel comfortable either. I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in. I might move the undistributed funds to a multisig address, I would expect my cosigners to:
- have a long term interest in the success of Byteball at best, or be neutral at least
- be non-anonymous
- have a good reputation in the crypto community
- be trusted not to collude with me or with each other

The hour for a byteball-foundation. I suggest you, to have 3 multisig-keys for members from the industry to invest in and gain value/interests for byteball.

Greetz
Steve

Please no, I trust tonych more than "plus 2 people" especially if they are from "industry".

Tony please maintain control of byteball, and distribution until all 99% are distributed by you.

Inviting "industry" people is catastrophoe, recipe for political disaster. This industry is known for being crooked and dishonest, thieves and lowlives fighting for breadcrumbs. What byteball is so far is because of tonych. And his sole decisions.

All hail tonych.

I agree completely with this assessment.
Please tonich, don't do this. Keep control of this project till it can survive by itself. This project need time for the best minds to learn its principles and can form a shield against all the deceivers that will pop up and try to take it over. I think this is the time for those that have the knowledge to help clarify all technical and design aspects of byteball. I know that now there is only a few advanced technical questions, but this soon will change. By the time technical discussions evolve, hopefully the economy will be able to choose direction based on wisdom of wise men ike you and others.
Please, keep politics out of it.

edit: forget some points