Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Marc De Mesel
on 29/12/2017, 03:07:00 UTC
I have quite a lot of arguments for you... But I value my energy, it's my most precious asset. I'll say just this.. BRAND recognition. You cannot compare Byteball, as a brand, with Bitcoin. If Bitcoin would have sold in "bits" (1bit = 100 satoshi) instead of whole bitcoins, we'd probably be seeing a higher marketcap.

I've spoken with tens of people who are new to crypto-space, and most of them (i'd say 8 out of 10) initially tell me "this is cheap, this is expensive" based ONLY on price per unit.

There's actually a marketing science applied to price-tagging. Why do you think most of the prices you see in stores look like "$99.99" or "39.99"? Because most people think in the lines of "oh, this costs 90bucks, and this costs 30 bucks", when in reality it costs $100 and $40, respectively. Now this may not fool you or me and a few of the rest. But it damn works, and it boosts profits by 20 - 50%, based on industry.

I'm curious if there are actual concrete steps we could take on this direction. I'd be willing to put some effort into this.


Very good post on the topic, thanks man