Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
zanzibar
on 11/01/2017, 21:42:15 UTC

trolling intensifies. and there are discussions in slack but your imagination is your problem, not IOTA's. everyone is saying that Byteball is legit, but no competitor in the IoT. What's wrong about that?


Byteball is also 50% owned by 4 ICO groups; Lisk, Waves, Iconomi and Kmodo. The distribution model will kill it, unfortunately.

50% from 10 % ....

Yes, but those groups will only have to just sit back and collect more Byteball with each distribution round.
Yeah, but that is like when you cant criticize the technology, then criticize those who were willing to use the technology. Nothing stopped you from linking your BTCs to get your share of Bytes and lower the share those others got.

Besides, the distribution of Bytes is not over only 10% have been distributed so far, and if a few holders end up with large % of the total supply, is not a show-stopper as early-adaptors of Bitcoin still hold a large % of the total supply, the inequality is not a show-stopper for success - the total number of users is the verdict.

Iota is not a competitor to Byteball, but the Iota foundation members and developers have a hostile attitude with kicking and banning, and even in this channel hostile just towards people for mentioning Byteball. All it took for you guys to stop even attempting to answer my questions was a mention of Byteball. Sad really. Sad.

I admittedly know little about the the nitty gritty of either Iota or Byteball because I'm not a coder. I do hold both. Iota is much further along in terms of real company adoption, as I've actually sold to several people (exchanges and business) who will use Iota and there are some really big names. I've used Byteball and the wallet is easy to use and obviously you don't have to manually add peers which is very user friendly, but it's entirely different in terms of consensus. I think both are great projects, they are only being compared because they both use DAG, but that is literally where the similarities end.