Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
HCP
on 23/02/2018, 17:44:42 UTC
⭐ Merited by LoyceV (1)
The idea that giving 20$ to a random person will make him a lifelong Byteball community member is a failure. I bet all the people posting here and caring have bought BB.
Ah yes... but do they care about Byteball? Or do they only care about a number in their "investment" portfolio? Undecided

All the people here whining about the distribution methods, cancelled airdrops and (most importantly) the price... don't seem to give two shits about Byteball. All they care about is money... and how much "free" money they're NOT getting because the airdrops have been cancelled.

Anyone here who thinks "HODLers" and "investors" are what builds a cryptocurrency are fooling themselves. A bunch of people hoarding something might make the price go up, but it sure as hell doesn't promote usage or encourage vendors to start accepting it as payment.

Can you imagine what the uptake on a service like Paypal would have been if everyone just started putting money into Paypal and were never actually spending it? Because that's what HODLers do... and that's why hardly anyone acccepts Bitcoin... because no-one seems to want to buy anything with it, they're all busy hoarding it.

Byteball should be viewed as more of a service, like Paypal,... a platform... not as some sort of investment. We want people to use it... not hoarding it all hoping it pumps to the moon so they can dump and walk away from it's corpse with a fistful of dollars.

However, we have a very "chicken/egg" problem... we need people to have Byteball to spend it... but they need places to spend it... but there won't be places to spend it if people don't have it...

Thus, the distribution is aimed to get as many people as possible with *some* Byteballs... this will hopefully make it more attractive to prospective vendors... would you rather have 1 customer who has $20,000 to buy whatever it is you sell... or 1000 customers with $20? Granted, it depends a LOT on what you're in the market to sell... but if it's something like coffee... how many coffees is your $20K HODLer likely to buy? Tongue