Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
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These best/worst cases depend on the growth of the linked amount. Can you please elaborate on the growth forumla? I mean is it just speculation, like if it grows by 50% here's what will happen, if it grows by 100% here's what will happen, or is there something else? (Note that the initial question was "if linked wallets remain at 70K btc"
). Thx.
Our chat yesterday caused me to make some supplementary considerations. These best/worst cases depend on the growth of the linked amount. Can you please elaborate on the growth forumla? I mean is it just speculation, like if it grows by 50% here's what will happen, if it grows by 100% here's what will happen, or is there something else? (Note that the initial question was "if linked wallets remain at 70K btc"
). Thx.It’s a idea (maybe tonys intention) that would give the distribution clearer rules.
Depending on growth, we can use two abort criteria (for example):
1. rule: 10% rule (a round linked more or equal 10% of BTC capitalization)
2. rule: still standing bytes must be more or equal 38% (according to the old rules with 4 rounds 10%,20%,30%,38%)
After one of the abort criteria is achieved the weight of the byte is increased massively (according to the old rules). Using this we are conform with the old rules…
I think tony will find the right way (I'm glad I do not have to decide
) - 
I’m finished with this slice.
Just one thing: Dont make it to complicated. Also I think the growth rate of the linked Bitcoin is overestimated. I would like a solution where the Byteballs of the Hodler have a bigger impact than the linked Bitcoin. So more Byteballs for true believers that have increased their holdings by buying from sellers. So for example a solution where at least 50% of the new issued Byteballs go to existing Byteball-Holders.