Quote from: Bitcoin CEO on March 22, 2017, 03:38:07 PM

Quote from: meelmo on March 22, 2017, 03:21:30 PM

Quote from: BonzoCorleone on March 20, 2017, 05:52:40 PM

Quote from: kb4scv on March 19, 2017, 11:35:53 AM

This just shows how speculative these coins still are. That is changing, slowly, but surely. We will eventually see value determined by measurable success.

Agree with this!

The whole Bytecent system seems to be very strange to me. Although I read how it works and checked out their "client" things don't really get more clear. Using a nicely built GUI is probably a good way to catch a lot of unaware users to push the whole network, but it can't work out very well for a long time imho

People mine and get coins when they find a block. That is how cryptocurrencies work, what in that do you not understand?

In all fairness it is a peculiar system, but it makes sense from a reward network point of view. I have been following Bytecent for a long time now and really see it as a sleeper coin that can become very successful. These are my reasons:

Longtime active developer: Christopher Bouzy has been working on this coin consistently since late 2014.
No big holders: In the wallet distribution you can see that the coins are spread out evenly (except exchange wallet), so seems there is not one huge holder somewhere that can depress the price anytime: https://chainz.cryptoid.info/byc/#!wallets
Network is alive: Due to the fact that people are actually using the rewards app, you can clearly see transactions going through the network. You would expect the network to be almost silent at this low price, but people are really using it: https://chainz.cryptoid.info/byc/#
Network is strong: There are 23 peers: https://chainz.cryptoid.info/byc/#