Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 22/02/2018, 19:47:16 UTC
Random-String-Symphony we aren't asking for free money. Lots of people paid money for bytes. It was implied that bytes holders would end up with a bigger share of the total amount versus Tony giving 35% away at his whims. Many of us believe that supporting the currency by treating its holders well is the best way to increase usage. Nano had free xrb for anyone for years with faucets but the vast majority of its use came after the endless inflation stopped and the remaining coins were burned. We have a right to be upset and you have no moral high ground by "not caring" about the price.

There is a difference between being upset and burning something to the ground. I'm all for a civilised discussion about both sides of the story. My side (as in the explanation I accept) is pretty clear, but let's summarise it nevertheless:

Intention of airdrop program: get as many users as possible. This worked for a while but showed diminishing returns. Tony tries to come up with better methods. So far he has come up with: cashback, textcoin mass mailings, giveaways through promotions, verification & referral rewards. In November he already explained that these methods were in the works but he didn't know when exactly they would be finished so instead of just cancelling the airdrop method outright he put up one more on the calendar with the fair warning that he could delete/cancel it at any time if he liked the results of the new methods. He did, so he cancelled it. Now we still have a fair distribution, only the methods changed. The Bytes now go to newcomers and actual users instead of Bytes/BTC holders. I don't see any problem with this. He warned everyone long ago and he has very good reasons for changing the method. So in my book, this is good for the project. What's good for the project is good for my investment. I'm happy.

So what's your side?