Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
It's painful to look like a coin loses its value at such pace 
50% per week?) is it already floor? or will we go down until it becomes worthless?
+1 50% per week?) is it already floor? or will we go down until it becomes worthless?I still blame the shitty setup of the Airdrop fo dis.
The cancellation of the airdrop was definitely the primary reason, but the price has continued to decline long after that was announced. I would attribute the 10-15% correction in the price once the announcement of the cancellation was made as a direct consequence. But what about the subsequent and substantial destruction in value? From the 50s. Byteball has dropped to the 90s in terms of market capitalization. It could soon be out of the top 100.
Agreed. Whole crypto is in a downturn but this fall relative to all the others is very telling. Ranking was about 54th in market cap before ending airdrops to byte holders. Now 86th as I write.
It is easy to understand why. The incentive to hold was removed. I see two possible reasons; either premeditated deliberate sabotage of exchange value of bytes for reasons unknown or else a worryingly inept understanding of market forces. I think latter is slightly better and what I would hope it is. But still is not good. Especially when you consider how many are still left to distribute.,
Sure... if all the witnesses colluded at once then censorship exists.
I don't mean to speak out of my depth here, but currently in Byteball, are not all witnesses tonych?
I think there might be one that is not operated by supreme leader.
I think there is one or (maybe two) that you can opt into if you research how to change your witness list, but default list is all Tonych. I'm guessing very few change the default list.
It is unproven that even one large entity might ever consider doing this (being a witness). However even if all 12 witnesses were different and represented by large companies with reputations to protect. To get them to collude in secret is not a huge stretch of the imagination. They might even be ordered to by governments or intel agencies. Like the way backdoors are put into PC firmware or whatever. I am sure for example banks collude routinely. And when caught only get their wrist slapped. eg look at LIBOR.
"Only when the tide goes out do you discover who's been swimming naked" Starting to wonder if Byteball is one of those, which makes me the unfortunate bag holder
