The fundamental reason that giving away tokens without proof-of-burn makes it impossible for that token to compete with Bitcoin:
The whales of Bitcoin get free tokens to dump on your coin so they can buy Bitcoins.
However in Byteball's case looks like Tony could have made deals with the exchanges to kickback some of the tokens to him in exchange for his scheme. It certainly could be a scam, as @cryptohunter alleged. Who knows? Where there is honey, there are usually flies.
And realize that the whales' can kill the fork because they already own tokens in both forks from the inception.
And that is what makes it different from launching an altcoin.
And that is what makes it different from launching an altcoin.
The whales of Bitcoin get free tokens to dump on your coin so they can buy Bitcoins.
However in Byteball's case looks like Tony could have made deals with the exchanges to kickback some of the tokens to him in exchange for his scheme. It certainly could be a scam, as @cryptohunter alleged. Who knows? Where there is honey, there are usually flies.
What are you implying? Not quite getting the point you're making.
First of all, I believe Byteball took the free distribution route with Metcalfe's law in mind, think it's even mentioned in the OP...
Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).
https://en.wikipedia.org/wiki/Metcalfe's_law
Second, regarding the exchanges, there's currently only one active exchange (cryptox.pl), they have provided all holders of byteball with their interest be it against a small fee.
You are effectively implying Byteball is a well-thought out scam because there's 'honey', without any constructive arguments. Probably how you got that many posts, huh. By the way I am guessing there's more honey in developing the project further looking at the progress they've been making. Personally I think the odds of it being a 'scam' are very limited, besides you can get in for free anyway..
- I am not affiliated with the project itself, always do your own due diligence
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Regarding the topic on hand, I find Ubiq a very interesting fork of Ethereum.