Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
SockPuppetTheSecond
on 24/05/2018, 04:24:43 UTC
Are there any other developers officially on the Byteball team or is this still a one man show?

I appreciate Tony's principles of wanting to make this an organic community driven project without an ICO.  I also appreciate that this is Tony's baby and he is a bit of a control freak about it.  Unfortunately the reality of the cryptosphere today is that Byteball is going to continue to be further eclipsed by other massively well funded projects and left in the dustbin of history eventually if it doesn't start gaining traction fast.  Tony really needs to start throwing around that massive stash of undistributed GBYTE to give this thing momentum.

Hire 10 full-time developers.  Have them all sign year long contracts at a rate of 1000 GBYTE per year.  That's 185000$ at today's prices.  I am sure there are plenty of qualified programmers and software developers who would find that to offer an acceptable risk/reward ratio (risk of their salary depreciating in value vs appreciating).  That would only cost 10,000 GBYTE.  Imagine what 10 full time developers would be able to accomplish in a year.

Figure out a way to offer more incentive to witnesses at least for now.  Maybe some automated way of rewarding witnesses (start relatively high and have rewards slowly drop as time goes by so that in 5-10 years witnesses will be incentivized solely by transaction fees).  Right now there is very little incentive to become a witness, and even less incentive for users to manually select different witnesses other than the default.  The witnesses will forever remain centralized in Tony's hands unless this problem is solved.