Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
ByteFan
on 07/06/2017, 09:21:35 UTC
OK guys: whales, pump, dump, airdrop... what will be the value of your balls AFTER the distribution completed (that is to say 1,000,000GBytes are distributed)?

Good question...

Let's turn it simple: What in your mind will be byteball top ranked currency to the long term?


From https://coinmarketcap.com/

If byteball reaches the top 5, capitalization should not be lower than $1,599,000,141 a GByte would have a value around $1,600
If byteball reaches the top 10, capitalization should not be lower than $561,078,801 a GByte would have a value around $560
If byteball reaches the top 20, capitalization should not be lower than $320,562,275 a GByte would have a value around $320




Byteball is clearly better innovation than Ethereum. The only thing stopping Byteball from dethroning ETH right now is the denial of Ethereum fanboys. Thankfully it is not the current investors of cryptocurrencies that we need to care about. They are all clinging to their pet projects and pumping that crap (dash, monero, eth pumpers). The gamechanger will be the new people who are right now being drawn into cryptos. They seek for undervalued coins such as byteball and they are not going to invest in an already inflated market such as ETH. Since cryptos as a whole is still a very small market the vast majority of people are still yet to join cryptos. Those numbers will dwarf the communities of Bitcoin and Ethereum. The new generation of cryptocurrency enthusiasts are not biased towards any existing crypto so they will simply join Byteball because BB has simply so much better fundamentals than any other coins. And finally the eth fanboys see their get-rich-quick scheme slowly bleeding while byteball drinks the blood of Ethereum, they will then admit being wrong just like those who bought into pets.com before the dotcom crash.

I agree there will be strong disillusionment about ETH cause it's overhyped. Byteball isn't though in frontal competition with ETH. Byteball can't run code and can't do what everything ETH does, but Byteball brings simplicity with simple but usefull contracts that anybody can understand without coding knowledge. I think we will see bridges between ETH and Byteball like bots proposing bets to people using hedge or data from Augur.
Byteball is designed for popular adoption and conserves an underground spirit (like BTC ever had) while ETH only proven use-case is a tokens layer for big compagnies.

If byteball beats ethereum, a fair value of 1 GByte should be $23,000 (not taking into account that eth value has an embedded deflationist drawback due to a fixed issuance amount each year, where byteball emission stops after last round).

Better accumulate byteballs right now :-)