Quote from: CryptoMrM on January 22, 2017, 01:00:47 AM

Quote from: tonych on January 20, 2017, 04:20:38 PM

We'll have our 2nd distribution round under the Full Moon, on 11th of February at 0:33 UTC.
We will probably follow the Full Moon calendar for future rounds too.

Bitcoin snapshot will be taken in the first block after the date.
Snapshot of Byteball database will be taken on exactly this date and will include only final transactions.

The transition bot is already working (find the link at https://byteball.org), chat with it to link your Bitcoin address and check the currently linked addresses and their balances. If you participated in the 1st round, your linked addresses stay the same, you don't need to link again.

The distribution rules:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

If you already hold bytes, please move them to one of the linked BB addresses (chat with the bot to learn what your linked addresses are) before the distribution date to receive your share of blackbytes. This is a technicall necessity that follows from how blackbytes work: we need to send the private payloads to your device and we know only the device address of the linked BB address, not of any other BB address. If you don't care about blackbbytes for some reason, you don't need to do anything. If you didn't touch your bytes after the 1st round (i.e. didn't send or receive a single transaction), you also don't need to do anything since all your bytes are still on the linked address.

Blackbytes that remain undistributed because some people didn't move their bytes to the linked address, will be transferred to a development fund which will be used to pay for future promotion and development.

In this round and at the current market prices, bytes give you a much larger share in the distribution than Bitcoins. For example, holding 1 GB gives you the same as holding 1.6 BTC:
1 GB -> 0.1 GB
1.6 BTC -> 1.6 * 0.0625 = 0.1 GB
This is one of the nice things about being an early adopter.

Chat with the bot to check the current status or link new Bitcoin addresses and don't forget to move your Bitcoins and Bytes to the linked addresses before the February Full Moon.

Don't these rates equate to hardly any supply getting distributed?

Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes = 10% of released supply = 1%
BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB) = 100,000 (approx BTC linked) = 6,250 GB = 0.625%

Total = 1.625%

I mean 20 BTC linked is just 1.25 GB which is 0.05 BTC at current market prices (if you even believe in that price and likely to be diluted). Not really worth my time so I'll probably be passing on this one. Unless I've got something wrong?

P.S. Not ungrateful for the free money, just thinking economically with opportunity costs, transfer fees etc

You're right, I guess there are something missing here. I remember tony said the 2nd round would distribute about 10% of all bytes.