I see you are returning to the same tactics. I'll paraphrase his concern.
Distribution is done in a centralized manner which requires to trust tonych unless there is a way to prove cryptographically that he can't send extra byteballs to himself without being caught. So now answer this: How is it possible to make sure that tonych (or who sends the byteballs) didn't abuse his power?
Sure, but there is bigger question about future of the "self issued" coins and partial open source coins.
I am thinking if good cryptographer with many skills can find the way to issue some new byteballs?
Why the people trust Byteball?
Look - there is many bitcoin clones and still is bitcoin about 1200 US$.
Then I prefer invest to open source. But I like the idea of Byteball.
Many unclear things about Byteball for me now. Maybe Tony can make it clear.
Anyway, great project!
Technically, all the bytes are generated/created in the genesis transaction unit, for tonych to create more, would require breaking same crypto as breaking bitcoin to create more coins. The same cryptographic library is used, secp256k1.
This is not a bitcoin clone. Its not another altcoin.
He can do other bad things, since he is now in control of 12 witnesses, he could stall or destroy the network, or double spend - but such actions would be obvious to everyone looking.
I, for one, prefer to trust one main developer, one person, rather than a group with their dirty dynamics always going on, for this significant yet fragile phase of the project. As the project matures, so will many more witnesses appear and community gain their trust and revoke tonychs control of 12 witnesses, when the project is stable, then we can have drama and invest in popcorn.