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.
They dont earn another, next round each 1btc will give you 62.5megabytes only.
How is this fair? How is it in the real world, yet you are transacting with currencies? You think on your national economy that 1% or less of the population does not control the 90% of money supply? That 1 person can not crash your average western european countries economy? LOL. And extended to world economy, 150 people can move as much capital as the next 6billion combined.
If you are dealing with money, if you are buying and selling goods, you are contributing to inequality and unfair unjust world. Each transaction you make, and every one else makes with anything of value, is contributing to inequality. Rich get richer and poor get poorer, its not a dumb cliche its a realization of facts builtin any economical system. If you like to try alternatives go to Venezuela.
Can you point to any economy in the real world in any historical point in time where distribution is equal and is over time equalizing? LOL.
Money is the root of all evil, it is designed not to be equal and fair, any monetary system which goes against this basic truth fails and people dont consider it valuable to transact with.
Life is unfair, deal with it. I got my 1gb from 1btc, and bought more with the same 1btc, now I have +40GB. Now I am 1000001.23% richer than all the 99.9% of people of planet earth who didnt know how to buy a btc and sign a message with their wallet, those who still have 0gb. Unfair to them? Iconomi is looking down on my 40gb from their stash of their 9138312gb, so what?
What would you suggest would be a better distribution method? How would you do your byteball clone to be fair?
how would i make my clone different? max of 10btc linked. fair. now its averaged against everyone somewhat equally, not 1 entity has 100000x times more than every other person, ready waiting to dump the market with over $250,000 usd worth.
i think with such a new approach, why set up for failure, is this method the absolute fairest and best method the developer could think of? or am i missing something?
its the equivalent of having 1000 people stuck on an island and finding a load of 500 apples, and saying ok lets give 4 people 448 of those apples, and the remaining 996 people will have to share 2 apples. its actually cringe worthy how they think this was ever fair, its setup the market for failure, this will continue to be a topic of weakness throughout the coins life.