Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
The 6th and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC (i.e. which amount of bytes gives the same share in the new distribution as 1 BTC) in the 6th and further rounds will change and will gradually increase to 1 BTC=62.5 MB. It will be selected to maximize the value of bytes and keep the speed of distribution in sync with the growth of user base and the actual use of the network.
Can someone interpret this for me? Does this mean bytes will earn more or less than 10% going forward. The way it is worded is slightly confusing to me.
at the moment
1btc proven balance gives you 62.5mb
1gb gives 0.1gb
so 1btc gives 62.5mb or 0.0625 gigabytes
or 1gigabyte gives 100mb or 0.1 gigabytes
so holding gigabytes gives more advantage if you want more byteball.
approx comparison
1btc will give 62.5mb or 0.0625 gigabytes
that same 1btc used to buy byteball now is 6 almost 7 gigabyte.
that 7gigabyte would give 700mb or 0.7gigabyte
that help?