Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Wekkel
on 19/01/2018, 02:41:30 UTC
To sum up:

1. [irrelevant steps]

[...] to verify via Jumio/Byteball you HAVE TO find somebody who just sends you over 8 USD worth of bytes which won't be easy because giving away money for free is not the most popular hobby of humanity.

Counting that this is going to be a viral distribution method is wishful thinking.

You could be wrong: the system comes with a lot of incentives to do the registration. It only takes one person (the initiator) starting it by paying their friend/relative and guiding them through the proces. The new Byteball user receives $20 Byteball and the initiator receives $20 Byteball. Both the initiator and the new Byteball user can seek 2 new users without paying a dime themselves (it is funded by the $20 Byteball received earlier). The circle completes again and this could go on indefinitely.

Giving away $8 to a friend/relative/colleague is a no brainer, especially when pulling someone into crypto tech (at least in my enthusiasm). I wouldn’t feel a loss if I make sure the receiver completes the signup proces. Yes, ‘social pressure applied’  Wink

I think the biggest challenge for people is:
1. trusting Jumio with giving personal details
2. stating a real use case for 1
3. no Byteball wallet in the Apple iStore

There, I said it  Grin

Apple is the juicy ‘apple’ missing here.

I will surely try to convince a few Android users to give it a try and signup. Any ideas on point 2 are welcome.