Ninjastic
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
bobq
on 24/05/2017, 08:34:51 UTC
Quote from: Randomshot on May 24, 2017, 07:57:09 AM
Quote from: bobq on May 24, 2017, 07:28:44 AM


I have nothing against the concept of rich people getting richer, I just was thinking at which way could favour the best distribution and thus the adoption of the coin. It is true that whales would distribute their BTC between many addresses, but as I said, they would not waste their time in creating the THOUSANDS of addresses needed to store one BTC each, even if this could be done with automation (but to create an automate system still needs time and skills), so in the end even if whales distribute their BTC between some addresses they would still end up receiving proportionally less coins than the little holders, which means more coins available for more people.
And I also agree that the distribution also to holders of XRP and ETH and other altcoins would create mothers of all whales, and making the distribution process too complex, while the idea which I've suggested would be very easy to realize.


No, your idea would make it x10 more complex. Just imagine that you are newbie with 10 BTC and going into random altcoin thread (Byteball) and see: "you need to link your BTC address to get Bytes, go to transition bot bla bla bla (this process alone is too complicated for 90% of users), BUT if you want to receive more coins, you would need to split your BTC into 10 wallets and THEN you will get more". That's just shady. We don't need that.

On this point you are right, I agree. But on the other side there's the argument that the smartest people getting more coins doesn't sound too bad all things considered Smiley . Moreover, if the progressive decrease of the airdrop is very smooth, with 10 BTC in one address you wouldn't lose much, so that the Newbie could afford dismissing this complication entirely. But people with hundreds or thousands of BTCs are not newbies, and they being already very rich, many of them wouldn't probably go through the hassle of ditributing their BTCs on many addresses to get more Gigabytes. But I agree on your point that unnecessary complications should usually be avoided. So now on the theme I have conflicting opinions myself, the issue remains open to debate.