Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
what a completely unfair distribution.. its going to be a dump fest from now till next distribution.. and then after a fresh batch of people get distrubted another 50%.. another dump fest.. best time to buy would be around march. but even then still another 9x the current amount to be distributed.
dump fest.price is rising. aint nobody dumping their balls.
well lets do some simple math.
ICONOMI - one of the linked addresses to receive byteballs.
ICONOMI linked 70k btc - giving them 9.766% of the total supply by the time all distribution is over.
so they currently own 9766 byteballs = 245btc = $221,446 US dollars.
mid feb is the next round. they enter the 70k BTC once again, and in turn earn another 9766 Byteballs
assuming the price stays the same =
ICONOMI will own over 2.2million dollars USD or 10% of a currency.
one single entity owns 10% vs the other 7billion people on earth.
and that is just ICONOMI.. not to mention the other people that own large percentage.. LISK etc.
how is this fair, your giving a small portion of about 10 people 95% of the supply.
your project is already set up to fail, another project will take its place with a clone of byteballs with a fair distribution, excellent idea, failed distribution method, logic = lets give millionaires massive portions of the supply.
The next newbie, who is talking crap...
70k BTC were linked by ALL, not only ICONOMI!
Greetz
Steve