Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
dreamhouse
on 13/06/2017, 06:05:44 UTC
Distribution of bytes was finished several hours ago.

Total distributed: 66,208.049453060 GB.
New circulating supply: 255,491.918951297 GB (already updated on coinmarketcap).

The distributed amount is worth $47m at the current price.

Distribution of blackbytes is still under way, I'll post when it is finished.

Distribution of blackbytes is now finished too.

127,513.125794221 GBB distributed
12,258.687406134 GBB added to the community fund https://docs.google.com/spreadsheets/d/1foYdri-vadnq8Kbr51QVhBlXiswHtiDpaShVaWO060s

The next distribution is scheduled for the full moon of July: July 9, 2017 at 04:07 UTC, the rules stay the same:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes

Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB.  These same holdings also give you 2.1111 GBB (giga-blackbyte).


Great job tony! With this equivalent 16 BTC should equal to 5 GB in terms of the distribution to get the same amount of GB, so 1GB = 16/5 = 3.2 BTC is our target? Not impossible, given that there's only 1 million GB around... If the Byteball is becoming a platform (which it could really be, given the many advantages it has), it will be big.