Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
jjacob
on 07/03/2018, 20:37:15 UTC
$20 for an registration with my personal ID, I think it is to cheap. $200 are better, this are our personal information and they are valuable. $20 is a joke in my opinion.

I would not sold my personality even for $2000. Looks like Byteball is launching a hunt for schoolboys .

That's the hard part for a good distribution model.
The initial plan is to involve more people in, but try the best to avoid the cheaters by IDs.
But in the crypto world, few peoples would like to "sell" their IDs for only $20. At least, not me.
I would not either. But there are such poor countries who are ready to do this without any doubts and regrets

yeah, but without any doubts and regrets they will dump at once and  just pretty much screw the whole thing up.

What would be other ways we could distribute this? Referral fees for both new joiner and the referrer works well (See this in both Crypto and real world with Uber) but can we stop this getting abused and only apply to genuine users? minimum time period before funds can be sold or a number of transactions to take place prior to funds being released?
Airdrop only to Byteball-users up to 100% or 99% and just let the free market work. bitcoin works in the same way, buy a miner and grab your rewards, that's it. here is no PoW or PoS so Airdrop for all byteball users and go.

That is equivalent to just burning the undistributed Bytes. Waiting to see if the methods proposed by Tony to actually bring in new users will be prudent. By and large, the method of distributing Bytes to those who link their real world ids seems to have failed. That doesn't mean that the other proposed methods are not worth trying out.